Daily globe., 1879-06-19
been or who may hereafter ib1 placed npon
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'een oriwho may hereafter 10 placed npon T
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TRADE DOLLARS.
Mr.. Stephens, chairman of the coinage COM
mittee, rePQEted the bill for the exchange Of
bate thereon was limited to two hours.
ti vfE LEGISLATIVE BILL.
Pending consideration of that BILL Mr.. At |
kins submitted the conference report on the
legislative appropriation bill. Mr.. Atkins ex-
planned that the House confeeres had corceded
most of the points of difference. The appro-
priations made by the bill would amount to
$l5, 100000, or 1892, 900 in excess If the cur
rent legis ative act. In that excess was in
cluded $l3O,OOO heretofore appropriated in the
sundry civil appropriation bill, and $3.50, 900
for the payment of gaugers and storekeepers
necessitated by an increase in the number of
distilleries in the Southern States. After shcrt
debate the report was agreed to. m Is s.
.s19S 81 TRADE DOLLARS. a ss,Efs
Debate upon the bill reported by Mr.. Steph-
ems, from the coinage committee. was then
opened by Mr.. Morton, who opposed the bill.
that the trade dollars recoined under this act
shall not be counted as part Of the coinage of
silver required ty, the act of February "a.
1878, and providing urther that trade dollar
that has been chopped or restamped for clrcu.
lation in China or other foreign countries
shall be excluded from the provisions of this
act He did not share in the apprehension of
danger that silver held abroad in any form
should flow into the United States. He had
no fear of making the United States q dumping
ground for the silver or gold Of the rest of the
| world. That was a sheer .scare-crow. There
was nothing in it whatever. v,,qie4i ar4;; d
l. MIR. Fisher offered an amendment providing
| that the provisions Of this bill shall be en-
forced only for a period of four months after
the passage of the bill and spoke in favor of
| this amendment. 9zzew
! Mr.. McLane agreed with the gentlemen from
| Ohio (Warner), that no country could dispense
with the use If silver He believed that no
government could depend upon one metal, but
if it was equally wise and proper to have
two metals it was equally wise and proper that
two metals should hold proper relations to each
other in value IF the county could remain
with the silver dollar Of 4l21 grains let it re,
main SO, but let not the gentleman from Ohio
say that be would never change it's value. Let
him not say, representing the Democracy of the
country, that the laboriug man shall be paid in
coin inferior to the coin in which any Other
man should be paid. Every body knew that
the laboring man would be paid in silver and
he, McLane, demanded that silver should be at
! good Us gold.
Mr.. Gillette-Bring down the gold.
Mr.. Enthusiastically, bring down ktht
gold. lam entirely with the advocates of sill
yer if they prefer that mode. All l ask is that
the two metals shall be equalized, and until w
have equalized them let the gentleman from
OHIO possess his soul in patience.
l MI. Warner-I cannot do it. demand til,
immediate restoration Of silver.
i Mr.. McLane said his constituents wanted
the two metals but they wanted them adjustee
and equalized. =.it
MIR. Sparks-What produces the inequality
Mr.. McLane-The temporary disuse of silver
Mr.. Sparks-Then it was the manipulation
Of legislation that reduced the value of the sill
yer dollar. Shall we stand on that or by leg
islation remedy it? Eagt
Mr.. McLane-By legislation remedy it an,
not wait on any country in the world, and if
object to this bill it is because it does not do il
} If the gentleman from Ohio will take hol
of the question in practical way I will G
with him and then the Democracy Of the c0un
>, try will have their constitutional money.
Mr.. Morton-Did I understand the gentle
man correctly, as being in favor of reducin
the quantity of gold in gold dollars and equal
r ize it with silver by such reduction?
; MIR. Enthusiastically so. cz
MIR. Monroe offered an amendment providin
? that nothing contained in this act shall be
construed as to increase the amount Of leg'
9 tender silver dollars to be coined per mont
: under the limitation of existing law. 1t woul
: be seen this amendment was opposite to tn,
: offered by his colleague. Warner. His amene
\ nnent Wa such that If it were adopted he cou1
y then vote for the bill. He was an honest ar
J sincere bimetalist. but he believed that 81
8 country should return to use of silver easi
r and slowly enough not to embarass the busine
r of the country.
e Mr.. Price did not think too much silv
a could possibly come into the country. The
= was not enough now.
y Messrs. Ford, Haskell and Weaver sustain,
l. the ball.
n Mr.. Wells said he would move to strike o
r of the bill the words 'silver dollars and
It sert the words treasury notes." SO as to ma
IS trade dollars exchaugeable for legal tend
q treasury notes.
n Mr.. Go 'schalk declared himself in favor
r the bill, pure and simple
Mr.. Kit fer opposed the bill, and said
r would offer an amendment, declaring the ira
le dollar a legal tender TO the amount of So. T
e. bill was IN the interest of spectators becau
y the bullion contained in trade dollar could
1t bought for 81 cents. There was no moral
TO legal obligation resting on the government
10 take up these trade dollars at above their val
st as bullion.
E. Mr.. Deering offered IN amendment, prov
IN ing that the weight of the trade dollar to
e exchanged shall not be reduced below I
l. standard rate provided by law.
le The previous question was then consider
lie as seconded, and the bill went over until
,e morrow, when the debate will be closed by \
~ Stephens.
ce The speaker announced the appointment
st McMahon, Cobb and Monroe as confer.
Of on the judicial expenses bill, and the Hot