, 1879-05-11
THE WARNER BILL.

{ dpeC0t DItp4CH 10 4HS 1Tt0HHe.
WASHINGTON, D. C., afay 10.--Judge Kelley
occupied nearly the whole day in the House ia
an elaborate speech on the Warner Coinage
bill. His points were not new, and his speech
as whole was political jerenliad. &c traced
the history Of his political career from 1s448, and
gave the REASONS why he had changed his con-
vlction on various topics, Coming down to the
history .ot silver lesislation he severely criti-
cised the act demonetzing the silver dollar, and
stated that very fen members OF Congress knew
| at the time that the dollar was dcmonetked
in , the bill that passed, aud al
though be himself was a member
Of the Committee, be was ignorant OF the TACT.
Mr. Kellcy's speech continued "a very eIab-
crate review Of tho history Of silver legislation
in all countries, and he attributed the financial
and industrial suffering everywhere to the de-
monetization OF silver. RECOMMENDATION, he in
sisted,
WOULD RESTORE PEACE AND PROSPERITY
throughout the world.
Some New England members spoke in oppo-
sition to the bill aud In favor Of a gold stand
ard. Bowman, OF Massachusetts, insisted that
!: the Warner bill was an imitation bill, as it
authorized an unlimited issue of paper.
KELLEY ON FINANCE -- .
/ To the IFestsrTl Associated Press.
WASHINGTON, D. C., May 10.-In the House
this morning, at the expiration OF the morning
hour, consideration was resumed OF the Warner
Silver bill.
Mr.'Kcley said It was not specially discredta-
bic to him that he did not know that the pur-
pose Of the law OF 1873 was to demonetize the
standard silver dollar, when neither the Presi-
dent, who signed the bill, nor the members OF
bis Cabinet we're aware OF it..
Mr.: Kelley, In the courhe OF his speech, ae-
clarcd himself free to admit that when, in 1872
he absurdly asserted that the unit OF the United
States monetary system, the lcgal-tender silver
dollar (Which WAS ut that time worth three cents
more than gold dollarh was subsidiary coin,
he knew no more on the subject Of finance than
was known On it to-day ty> the gentleman from
Massachusetts {Claflin), or thau his colleague
{Fisher]. lie saw in the present decade
SYMPTOMS which had marked the fall OF the
Roman Empire, among the cOncurrlng CAUSES OF
which we're the successive expulsion nnd con-
traction OF the currency, and the decline OF the
silver: and gold mines in Italy, Spain, ami
Greece. He predicted TINT the remouetization
restore peace, order, and prosperity throughout
the world.
Alr. Fisher inquired il his colleague desired to
be understood as advocating single standard,
and that silver standard.
Mr. Kelley replied that he was q thorough BIZ
metalist. Hc was ready to remonetize silver Ut
its present rate, aud make this country, as some
had remarked, ~
THE GREAT DUMr1EG-GRoUND FOR SILVER.
In concluding, he called attention to the condi-
ton Of France, serene amid the perturhed M
tions OF the earth. Sne had never experienced
q financial crisis since she had a bl.metallic
standard. While the. coming Of the Car was
heralded BY tile tramp of armed Cossucks;
while England found herself in O position where
she must abandon all her financial theories, OF
prepare to trample down the suffering laboring
people, France remained in prosperous condl-
tton,-an example to this pour bcnghtcd coun-
try in monetary m2tters,-and continued build
ing up consolidated Republic, which every
body hoped aud believed would be au example
to all the nations Of Europe, [Applause.1
MIR. REED
said the question whether the country should
have single or double standard was grave
one, and could not be disposed Of by the shout
about fraud. - q:
Ar. Haskell CUTE the history of the, act de-
monetizing silver to show there was no secrecy
about it, but full puolicity was given to it in its
various stages.
MIR. Bowman opposed the bill, and predicted !
that every: man who voted for IL would tbe |
relegated to private life. -: :