1 FEBRUARY 1896, Page 1

The Times' American correspondent attaches much weight to a furious

speech in which, on January 29th, Senator Tillman attacked President Cleveland as a" besotted tyrant," and Secretary Carlisle as a "mean Judas," the crime of both being their wish to introduce a gold standard. Mr. Tillman is absolute in South Carolina, he wishes silver to be received as coin at its old value in payment of all debts, and he appeals avowedly to the roughest classes of the population, whom he advises to use force. We question his influence outside his own State, but we believe be represents a feeling of discontent in the entire South and West, produced partly by the low prices of produce, and partly by mortgages which, when prices are low, press heavily. The sufferers believe that a rehabilitation of silver would make money plentiful, and therefore relieve them ; and they suspect the " gold-bags " of the Eastern States of resisting it in the interests of the banks and the monopolists who hold all the gold. The importance of their feeling arises from the fact that a currency craze is to its votaries like a new religion. They become incapable of argument, and will believe any- thing which seems in accordance with their central faith.