National Republican., 1876-12-14

were summoned 10 appear DcIOfo Ine SILVER CO H.
mission had agreed that If sllyer was thrown out
of the coinage of the world the tendency would
be to greatly appreciate the value OF gold. To
throw out silver coinage would be to affect dis
astrousy the luxures of all classes. and 1t would
tend to appreciate the indebtedness Of the whole
MI. PHILLIPS, of Kan, said he should vote
for the substitute in relation to the coming Of the
silver dollar. 1t was time that action was taken
Mr. OHiTTENDEN, of n Y, appealed to the
common sense Of the House to reject
A BILL so FRAusHr WITH EVIL
to the country as this was. This whole subject Of
the silver coinage was referred to an able com. =,
is now proposed to take the business out Of their
hands. This bill was fraught with disaster to
the country, and this House should hesitate when
the bankers and political economists of the
country look upon this bill with alarm, and re-
gard II as sweeping menace Of confusion and
the fact that silver is one Of the most huctuating
and changeable of the mediums Of exchange at
this day. It was an Indecent haste for the House
to attempt this legislation before the commission
of last session had had time to make their report
This Legislation was proposed, too, just as light
Nj. :oARfiEID, of :ohid, | called attention
to the fact that the :. - ,-- -,
RELATION OF GOLD AND SILVER
to each other had been discussed BY the nations
of ss wS sbs for sSs Of
upon which there should be the greatest possible
amount Of light and knowledge. While COM
report on tis very important question, this House
proposes in hot haste to pass this bill after de-
bate Of two hours which is parcelled out 70 mem
appealed for was time-time to consider this
great and important question. He called atten-
the the past few weeks, and in view Of these fuctus-
in t 50 great hurry. or the the two evils proposed
by this bill be- however, preferred the substitute,
which provided for the coinage Of the silver dol.
lar for that partof the original bill which related
to bullion was al IN tne interest Of the ne specaia q
settle this vexed question of the currency but he
wanted the bill to be considered more deliber-
ately and more carefully. H-. fa
EEwITT's SILVER VOICE.
Mr.. HEWITT, of N. Y, said there are few
questions Of more consequence or of more deli
cacy and dificulty than this which relates to the
suffer in health they send for Doctor, and when
they are engaged In litigation they send for
good lawyer, and If these matters . are neglected
question like this, where the whole country would
suffer, all seem competent to act and men are
aasS on
pleaded for light and knowledge, and ne asked
the House to r ~ .7.rl atflSrt'- - -
WAIT FOR THE REPORT OF THE COMMISSION
on silver, which will be presented to Congress in
information will certainly come, and yet we are
asked now to act as though some great interest of
the people 81 vas as mmsdiatsiy suffering for this Pill
unless It is that silver stocks are not as high as
they were some time ago. J.. H1Ia . -
whole country would suner il we go into this hur-
ried legislation. The debtor viii be poorer, and
the creditor will be no better OF. The bill viii
beneft no class of people But wise dealing
with this question Is what We need In order TO
properly consider this Important question. Mr..
and contended that no good result would follow
the passage Of such an act as this. By the pas
sage Of this act the American people will be
T1fra fha 4hara arnAf ao
Of the House to protect the interests Of these
4T: K1AssoN g Of 10 Iowa. e. argued tina. tn. bill ..
terest Of the bullionist alone. We have now in
this country two legal tenders, gold and paper,
tender. 1t Is nothing more than the creation OF
an indefinite new legal standard of value. He
also called attention to the fluctuations in silver,
and argued from Director Linderman's report,
that the bill proposes TO make q standard ofthat
commodity which is most fuctuating. The
and n ts sass sSs
affect the rich man and the capitalist, but every
share affects those who are least able TO stand It.
which Il has hOiS never G % before re- had. He protested
against any action at this time, when the huctua-
tons of silver has not been definitely determined.
When the silver commission report IL Will,
doubtless, state definitely what standard for sill
yer can be properly and fairly adopted.
Mr.. KELLEY, Of Pa, argued thata .,
Or. DOUBLE STANDARD . : r
alone gave stability to a currency, and when a
nation relies upon double standard 1t has an
unwaverfng currency. When gold appreciates,
silver should also be . standard. In the name Of
Justice and Of honesty he appealed for the en-
forcement Of the provisions Of the law under
million Of bonds. He asked for the passage Of
this bill in the interest of Justice for the op-
pressed and Esongsd people They
finances heretofore has driven skilled mechanics
and yorkpen to poverty and to yagrancy, and he
asked in the name Of honor and honesty that the
House - 49, .r-r -.
STAND BY THE FUNDING ACT OF 1870.
The who's question here % whether values shall
be doubled, and discrimination shall be made
shts Of % labor and tssrefoTs Rssa U he
wanted double standard. France hsa three le-
gal tenders-gold, silver and the notes Of the
prosperous, while those Of Germany and the
United States, which alike produce q single
MI. BLAND, Of MO, said good deal had been
said about the haste with which 1t was alleged 1t
was attempted to put this bill through. He called
attention to the fact that all manner of motions
for delay were interposed at the last session.
Euen If the House waited for the report of the
same requests would be made ior time for debate
The laboring people of this country demanded
60 among the faboring classes they would Snd
that to be the case.
The previous question was then seconded, and
day by Mr.. BLAND by a vote Of l67 yeas to IS nays
THE BILL AS PASSED
is as follows:
"a bill authorizing the coming of the standard
silver dollar and restoring its legal tender charae
ter. =. ".a Tfs
"Be Il enacted, &C., That there shall be, from
time to time, coined at the mints Of tho United
States, silver dollars Of the weight Of four hun
dred and twelve and one half grains Of standard
silver to the dollar provided for in the act of
January IS, 1887; and that said dollar shall be o
legal tender for all debts, public and private
except where payment Of gold coin is required BY
law t-f ...