The Albuquerque morning journal. [volume] (New Albuquerque, N.M.) 1882-1884, 1884-04-02
House..

WASHINGTON, April 1.-The Hous'
resumed consideration of the trade dolla
bill and was addressed by Pusey, Iowa, ii
its support. He expressed his belief il
the denomination act and hostility tc
any proposition to stop the coinage of The
standard dollar.
Cassidy. New, confined his antagonisn
to the first section, which he maintained
would have the effect of contracting the
currency to the amount of the trade dol.
lars which should be retired. He an.
nounced himself in favor of the free coin.
age silver and argued that policy of the
government should be to fix what should
| be dollar and then allow the producer
of bullion to go into the mints and get his
| bullion coined and leave upon the indi-
vidual the bnrden of placing the money
in circulation.
Belford, Colo, regarded the fourth sec
ton as covert fraud on the people, as
being in the interest of the Rothschild's,
who controlled Germany. On the question
of gold or silver demonetzation, he had
followed his friend from Pennsylvania
(Kelly), but asst year that gentleman
had gone to Germany and consulted with
the tyrant Bismarck and coming back had
advocated, practically, the cessation OF
the coinage of silver.
81 beg leave to say" remarked Kelly,
''that | am not conscious of having been
in Germany. did in my sickness stretch
my travels as far as Paris"
''The House will recollect a series of
letters" replied Belford, "that the gentle
~,
Prince Bismarck"
"When p inquired Kelly.
"Two years ago." replied Belford.
Kelly-''If my arithmetic sustains me
on the basis of seventy-nine and eighty
four it was five years"
Belford-"Very well, let US get TO the
next point. say that when you came
back from Europe you introduced the bill
to stop the coinage, and yet you are will
ing to stand up here and advocate pro-
lection for pig iron."
Kelly-"My desire is to permit the
wide spread use of silver on its ancient
basis and my bill is one which believe is
well calculated to force arrogant England
the prosecutor of silver and silver nations.
to sue for relief from her own arrogance
by asking for the demonetization of sill
yer on the ancient basis"
Belford-"Why, didn't you introduce
the bill to protect against England on the
question of pig iron" (Laughter.) 81
have voted to protect the industries of
Pennsylvania, New Jersey, Connecticut
and Louisiana and yet there is settled,
studied policy on the part of monopolies
in the east to discredit this great in
dustry."
KelIy-"Did any of those monopolies
fail to stand by you? You demanded for
Colorado that lead be considered an
industry scarcely second to silver"
Belford-'I can tell the gentleman that
Colorado needs no tariff on steel. 1t costs
SI4 to ship a ton of Bessemer steel from
there is in the distance. | can give notice
stand up for relief for pig irom." Con-
tinuing, Belford proceeded to make an
argument in favor of free silver coinage.
1t was time Congress should make war
on the theory which dominated
this administration. He cared not
whether it was Republican or Democratic.
Communism had absolutely began its
devastating course in thi6 country. Look
at the riot in Cincinnati. 1t may be said
it sprung out of an attempt to administer
justice in one case. "Oh, no." the man
tie was too broad for that, it was because
the people were beginning to realize and
feel that no man by honest industry could
earn twenty millions in one
year and thereby deprive the people
of the currency which belonged to
them in the exercise of their trade. That
was what riot meant and he advised
those who control the House to see that
its currency was not diminished while the
people were increasing. If they did the
result would be not riot in Cincinnati,
but a riot in every great city, where mill
lions of property would be destroyed.
He criticized the Democrats for cutting
the appropriations to insufficient amounts
and inquired, "Are we for ever and ever
to hold the White House on account of
of your absolute silly blunders ?"
Warner, O., submitted an argument in
behalf of the free coinage of silver.
Hewitt N. Y, thought the House
should not sustain by any act an increase
in the coinage of the Standard silver dol
lar and that the time had come
when the House should put its
seal of condemnation on the
coinage of a single additional dollar.
The gentleman from Missouri had
achieved great renown by having identi-
fed himself with the measure which, ac-
cording to his view, had made s. cents
worth of silver equal to a dollar. He
had done that by an act of Congress. He
now came in with another proposition
like the man described in Mother Goose,
in verse, beginning, There was man in
our town." If by the restricted coinage
of two millions a month the government
was making a profit of $780,