Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1878-02-11

the Senate, aud the definition of his position on
the subject which he gave in his speech to-day
has as far as this point is concerned, brought en-
coufagement to the advocates of honest money
His definite Reputation of the Bland bill makes
the enactment of % cent dollar in spite Of the
veto of the President more improbable than ever
From the Tribune (Edi,orial)l
Eastern business men have steadily insisted
that if the worst comes to the worst and the sill
vel experiment must be tiled, we should at least
nut a hundred cents worth of silver into the dol
lar. M. blaine plants himself on this PROPOSE
ton. He vthemently opposes the Bland bill, in
si,ts that Congless las DO Constitutional ii-ht TO
keepsi'ver demonetzed, and proposes asilyer dol
lar Of 425 grains. The proposition is'plauslble
Bi-metalli,ts, however, val declare it pcraicious.
70 raise the value Of our silver coinage l., tley
say, to force out Of circulation the silver coinage
of France and the other members Of the Latin
Union, to drive them TO gold, and to leave u with
China, ludit. and other scmi-civilizcd countries
/ 10 carry the silver burden OF the world. Neither
view Of the subject j. tree fIom difficulties, nor is
I il probable that the least authoritative word in the
discussion ha- yet been spoken. Mr.. Blane's
speech has az his strong characteristics clearness,
4 force, adroduess, and aggres,iveness. And
90 these accounts, it well deserves the
wide pcru-al IL l. sure to have. Whatever else
NAV be- said about it, il is as 80 uare blow as the
/ b and bill has yet received
It is not unfair to suppose that the Senator from
I Maine 10 ms speech Of yesterday, traces the
ground which on the occurrence OF given con-
uHgcncy, VII be taken by the republican leaders
whose contemplated plan for conCIllatlug adhct-
EMS Of toe SILVER movement is the subject of go.-
zip at Washington. These gentlemen recognize
the force of the movement in the Western State,
and afraid of the results which resistance to
it may entail upon their party. They do not al
lcge that the movement is right; they imply say
that a. a mater of eKp,diency the friendship
of it, sul DOrtrrs is more desirable than their OPP
position. The Band bill, being democratic in its
origin, they expect the President to Kill; and they
intend then t. step forward with a republican
scheme ior the restoration of silver Image. OF
course, the President Is relied upon to and them.
Aud in this manner they hope to secure for the
republican party, whatever popular gain may
crne in the West from concession TO its clamor.
From the Washington correspondence of the
Philadelphia Times.
Senator Blaine made his silver speech to-day to
the largest crowd that has gathered in the cham.
her and galleries since the financial di,cu s.iOn be-
gan. Thee are conflicting opinions regarding the
speech Of The Maine statesman. The silver men
pIca-cd with in because even an acknowledges Mt
from Blame tat silver ought TO be remonetlze
helps on their cause, and besides, he made some
strong arguments for their side sou of VII Ch were
eutrely new lils speech was radical enough on
tue silver question:, bat the size of blaines silver
dollar (i2j giaius1, as proposed by him, was
rather too much tor most OF them. lie seemed to
treat the subject very fairly, and he was ptrticu-
lsily strong and h'ppy when he Questioned
the proprety of sendlns to the pagans oil China
and Japan a dollar OF 40 grains, aud paying our
own laborers dollar of 4l2 IL grains pro-
posed by the Committed bill. His speech is the
most reasonable one that has been made on the
silver side, and even the hard-monev advocates
speak OF it in high terms OF praise. As literary
production II l. tOrclbiy compact and well com
posed. The delivery was, OF course uneXcepuou-
able, and when he finished he was roundly cheered
by the galleries and congratulated by his col
leagues. Mr.. Coukling, who occupied the next
seat but to the speaker, paid the most respect
full attention, a., indeed did all tue Senators, At
the close Of the speech the excitement was 80 great
that order could not be restored Tor five minutes.
and il was surpris NJ how quick the galleries aud
floor were ompted when johnson, Of Virginia,
rose to sp,aN on the same subject.
From the Washington Correspondence Of the
New York World
The significance of the speech Of Mr. B'aine 10
tue Senate to-day hes IN the fact, repored that
to represents, strange as it may seem, compro
mise bill to remoneuze silver which the President
Will approve. Mr.. Blaine advocates the restora-
ton Of the double standard and the coinage of
silver dollar equal IN value to gold dollar.
From the Washington Correspondence of the
Boston journal.
-Mr. Blaine, so far as Intellectual acutencss i
concerned. aud as popular orator. la, few equal.
aud no superior in Congress at the present time
This was proven to-day, both by the large audi
enCe which assembled 10 the galleries aud on the
floor Of the Senate chamber to hear him, and by
The adrot vet common sense arguments whica he
delivered. Like a distinguished citizen Of hi.
State who for the Maine law, but agin il,
execution" Mr.. Blaine advocated gold a. stand
and, but would like silver also. If silver has been
demonetzed il should be remonetzed; if its
coinage has been discontinued be would have ii
resumed; If It's coinage has been restricted he
would enlarge II, aud he was sure that the public
credi.Ols could afford te receive in payment any
CON that government can afford to eoie While
he thus pleased the siver men, he declared his be
lie III gold as the standard, and his ingeuiousy pre-
pared remarks were attentively listened to ny all of
Ms hearers He certainly display cd thorough ac
qualut'nce with what ne talked about, aud evnced
sympathy for the working class rarely witnessed
at the Capitol. He spoke with his old lrrepress-
be, lndomitaole spirit, and ITS magnetic nfluenc,
was shown by the applause in the galleries when
he sat down, while his colleagues crowded around
hun to offer their congratulations. 1t was decd
edy the most noticeable speech of the long drawn
out Argentine debates.
From the Boston journal (Edtorial).1
The speech of Senator Blame on the silver ques-
ton Is, unque,tonab Y, the ablest that has beef
made by the advocates of the double standard
FMS is due to the tact that Mr., Blaine is la d
money man and hostile to any measure winch
would result IN imitation of an nredee mabl,
currency. Moreover he i not interested in boz
nanza mines a are Other Senator's and has 10
motive or self Interest in securing the coinage ola
cheap dollar which they have. MIR. Blame de
sires to keep both metals-gold and silver IN cir
cualion as coin in his country. He is doubtless
confident that his bill affords all the provisions
necessary to accomplish that purpose
On the other hand, majority Of the supporters
of the douhle STANDARD who have made speechc,
on the silver question are inhauouists aud advo-
cate a bi metallic STANDARD aud Alp IL gran
dollar simply because they see in it prospect o
getting rid of the specie resumption act and of al
unlimited emission of redeemabe paper money
Mr.. Blaine expects that his bill, should it be
come law, VIII accomplish two objects. First,
by the coinage of silver dollar OF A. great valu,
that of gold, the gold IN the country aud tina
which may be added To our present store, will be
retained IN circulation. Second, by providing fol
the coinage of silver dollar, the intrinsic vaiu,
Of which i about the same as the same weight OF
me al would bring a a commodity, market will
he created for the produces Of our silver mine.
and al the same time offer no inducemcnt to the
IMPORTATION of silver bullion for coinage.
There is one thing which is worth noticing in
Nj. Blaine speech. lie declares himself be-
lever in the h-metslc standard and gives SOM
reasons why it should be maintained. Wheu,
however, he comes to consider the weight OF The
silver dolai-whch he says should be 42j gr.u.
now and which he predicts will be les than 4l2