Daily globe., 1879-05-15
taken up, being the bill in regard to transfer

ST. PAUL,
taken up, being the bill in regard to transfer
of cases from State to federal courts. The
morning hour was occupied in discussion of the
bill by MIR. Towrshend, Ill. and Mr.. Orth, afte1
which the Senate bill removing political dis
abilities of Jno. Sanders, Baltimore, passed.
GOLD AND SILVER.
The House then resumed consideration of
the bill to amend the laws relating to coinage
| and to coin and bullion certificates. Mr.. Fort
| made speech, avowing himself in favor of q
double standard of gold and silver. He thought
from the beginning the standard silver dollar
had been coined too light, and that sooner or
| later this government would have to come to
the other governments of the earth and read
| just its gold and silver. He defended, as a
wise measure, the act for the coinage of the
| trade dollar, and denied it was a trick dollar.
The day had gone by when crowds could be
trick" The third section of the bill
| invited the whole world to come to us with
ships laden with silver bullion, and unload it
| INTO the treasury at par. If the gentleman
from Ohio, (Warner), had called upon the bank
of England, the Rothchilds or August Belmont,
have pleased themselves better. 1t was vir-
tually compelling us to pay premium Of IF
| teen per cent. on every ounce of silver. He
| was in favor Of unlimited coinage. but not of
free coinage to all the world. Section eight of
the bill provided that if August Belmont did
not want to wait for coinage he should deposit
and obtain certificates for it at par. If the
| bill were passed August Belmont could make
| 81 LOCO, 900 in ten days. Section nine repealed
the law remonetizing silver, which he had
hoped would stand to the end of the govern
ment notice to all coiners, that they had
heffer log ho t1pla of tho
alone.
said the first and most serious objection to the
bill was that the government would lose the
difference between the present bullion value
and the coin value of silver. He understood
| that an amendment was being considered by
the friends of the bill which would meet this
objection. That amendment provided that in
the issue of certificates for bullion, they
should be issued only for the market price Of
bullion, leaving coinage free and unlimited.
He should be quite satisfied to have that
amendment adopted provided it left to silver
itsl full character of money metal. He
| opposed the amendment proposed by Mr..
| Kimmel increasing the standard dollar to four
hundred and sixty grains of standard silver. It
was not time to change the value of gold or sill
vcr. Let Congress remonetize silver, and if a
large difference remained between the gold and
silver dollar, then it would be time to deter
mine by what method they should be equal
| lied. He admitted that it was desirable to
equalize gold and silver dollars and to let chem
hoat here and abroad with the same value. In
| order to make them equal it was not necessary
to increase the silver dollar. The gold dollar
might be brought down some and the silver
dollar brought up some, though more just
plan would be that adopted in 1884, in which it
| had brought higher priced coin down instead of
putting the lower priced coin up. The United
States was the
GREAT SILVER PRODUCING COUNTRY
| of the world, and the advocates of this bill
were appealing to the representatives of tls
people to let the great American money product
be money instead of letting it be demonetized.
(Applause on the Democratic side.) If he were
| the strongest advocate of redemption he would
say, reinforce your gold with all the silver
! money you can at the old rates of 16 to L. the
| highest rate ever established between silver
and gold, and when foreign trade turns against
you, it 1t should turn, and when you have got
to send your bonds gold to Europe, if you
have $780, 900 or $300,000,O00 in silver coin
| behind your gold, you can send your gold coin,
and not subject yourself to the humiliation
and shock of suspension of specie payments.
| (Applause on the Democratic side.)
Referring to the demonstration of silver by
| the nations of the world he said the reason for
| it was that the usurers of the world had COM
blned to double wealth, to double private and
l
lures upon the shoulders of the laboring
masses of the people. 1t was
GIGANTIC AND INDUSTRIOUS CONSPIRACY
against the people Of the world. He referred
to the demonetization of 1873 as a damned
fraud. 1t would be as we'll to search for the
murderer of nation as to search for the man
who put upon that law characterization of the
| silver dollar. (Applauso on the Democratic
slde.) Of course, he said ironically, it was a
mistake 1t only added five billions to the
wealth of the creditor class 1t was mistake,
but men did not often make so much money
| by mistake.
| Mr.. Kelley-Was it not more of an accident
| than mistake?
MIR. Ewing replied he did not believe it was
| an accident. He believed it was an ingenious
we'll devised, secretly executed
| FRAUD UPON TIE AMERICAN PEOPLE.
| Applause on the Democratic side.) The
stealth by which it was done only illustrated the
saying in the Merry Wives of Windsor, ''Whcre
money goes before all ways lie open." The
| people of Europe and the United States were
laboring under heavy weight of public and
private debts and taxation. There must come
the enforced gold level and it could only come
by restoring silver and gold to an equal, free,
unlimited coinage. Whatever tended to de-
! grade and impoverish the laboring masses of
of the country tended inevitably and swiftly
to the installment of class rule, which had
| always and everywhere cursed humanity.
There was money metal which was before
Abraham, before Troy, which had remained
permanently the money Of the civilized world.
It had been the
| TORCH OF CIVILIZATION.
| 1t had lighted Rome into imperial splendor.
When it lad been extinguished the world had
sunk for thousand years into darkness. When
it had been rekindled it had lightened the civil
| lizatiOn of two centuries.
In conclusion. he said: Shall we use, shall
! we open our mlnts to its unlimited coinage
Shall we use it to pay off and discharge the
enormous burden of public and private debt
under which the energies of our people arc
| sinking and to tighten the tremendous taxes
which so Cypress our people. Shall we use il
to send through all the arteries of industries
the throb of renewed and vigorous life. States.
manship, honesty, patriotism, all demand that
we
! SHOULD TEAR FROM OUR STATUTE BOOKS
these acts of demonstration which the subtle
and devilish hand of the money power inscrib
ed there in the dark, and in the name of the
people, and in the full light of day reinstate
silver where it stood from the foundation o1
our government. (Applause on the Democrat,
side and in the galleries.)
NOT READY TO VOTE.
At the conclusion of Ewings speech MIR
Warren demanded the previous question, pend
ing which Mr.. Kellinger moved to lay the bill
on the table, The yeas and nays were ordered
} on this motion, pending which Mr.. Congo
moved to adjourn. This motion was carried
by a vote by tellers of yeas 100 nays II. and th
House adjourned.
l GENERAL CAPITAL NEWS.
SENATOR INGALLS, ACCUsERs.