Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-12-11
SILVER COINAGE BILL.
Representative Buokner Discusses tho
Measure at Length,
The Question Of Bimetalism or Monomet-
alism Must be Decided,

WASHINGTON, Dec 10, AZ a meet
Ing OF the house committee on coinage,
weights and measures to-day, MIR.
Buckner OF Missouri gave his reasons
for Introducing the bill 70 stop the
coinage OF silver. Chairman Bland
was absent, having been detained at
his home In Miasnufi by the dangerous
illness Of his daughter.
Mr. Buckner said; 1.-The introduction
Of the bill was nota matter OF sudden
impulse. talked with friends during
the first session OF congress- about the
propriety OF introducing H. They said
something ought 10 be done. The
present administration, VI not hostile,
Ii careless about silver There seems
TO DO no hope OF its doing anything.
The new administration may take n
more earnest intercet.
1T IL evident that the time has
como when this government ought to
act deolsively and the question 10 do
eide IL whether we ATE tO have bimet-
alism or recommendation. Foreign
countries have taken up the question.
Holland has u large portion OF the all-
yer and has gone into the mar
ket for gold, Italy requirea her
banks TO keep two-thirds OF their re-
serve In gold We are interested la
silver IA product We ARE still more
interested In having tho limitation
which was established 10y our fore
fathers. This oil ia In tho
interest OF hlmeialis u. | believe
that four tlfths OF the people of
the United States want bimetaliam
and the only difference between us IN
M 10 the meanA 10 bring IL about.
There are only n few who are mono
metalists. BY the time thia bill
might pass we will have 500 600 coo In
silver, under the terms ~ tho Bland
hill, coming e2,0O0,000 month.
One object OF the Bland bill WAS 10
keep up the market value OF silver.
"In England q strong party 0f men
have said that l,imetallsm must be es-
tablished among ali commercial ma.
lions or bad results will follow. We
ought TO regard the opinions OF the
men with US ON this question You
have the economic phenomenon OF u
fall and decline of all commodities
without an exception. Some BAY that
this IL created by over production
In our protective country, but it e1iAts
In ffce.trade counties also. Prices are
declining because OF the new demands
for gold Ia the diminished production
and the Increased use of this metal in
the arts and manufacture, and
have but little DOUBT that this re-
lance In gold as the metal OF
value " the potent cause OF the decline
In the value OF American commodities
aud will continue 10 be 80 long Hs gold
! IL the sole standard value ~ the grent
commercial countries Ut the world.
We will have TO 20 TO monometallsm
/ In silver or gold unless something 10
done 10 bring Europe 10 realize the
/ danger Of rely ing on metals.
| ~ England does nothing wa
may have 20 rely on free
coinage aud have silver monometal.
Ism. rhe Igen interested In silver
mines demand that We have free coin
aye. Between that and the coinage Of
| gold alone believe II 10 better to have
! Tree coinage
"what will be the effect Of the paeB.
age Of your billp" asked ~ member Of
| the committee.
"Its Immediate effect win cause some
! decline INA the relative price Of silver.
! This will only br temporary " we can
| succeed Ia urging the nations pf
! Europe TO ioin us In using
both metals IN trade. II may
produce such an embarrassment an
will induce England % increase her
coinage OF silver, and tie other Europ.
can nations VIII follow her exhnlple.p
/ Representative Potie1 OF New York
1 was also preaeHt nnd Onincded with
/ the ideas advanced by Mr.. Buokner.
Mr. Potter haid that lac WAS strongly
In favor Of bimetalism.
The committee Will meet Monday TO
consider the bill