The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1886-01-14
COKE ON COIN !
The Texas Senator Enters the
Lists as the Champion
of Silver.
tie Deals the President and th.
cold Bugs Trenchant nat
knigbiIy blows.
Heavy Capitalists Lenvin Gror.
eta and Coming to Texas
Po, stbIy 10 waco.
4 Horrible crime Great ritca
BrRdiHugh ut Lust Gets
In the Commons.


wAsuINGTON
rhc scuHi"- -toLc "u coinage
WNstitNGTuN. January ~ Mr..
lllwluy presided over the senate to-
day in the absence OF sherman.
The chair laid before the senate ~
letter from the secretary of the intc-
rtor In relation to certain information
called for 10y The senate regarding
lands ~ knu-ns granted TO RAILWAY
companies. The letter states that the
Information will hc furnished ~ soon
a- possible, hut that II will probably
take two month, To fully examine the
books and compile the information.
ingalls, offered the following rcso
luton which, ut his request, WAS laid
over for the present
"l,csolvcd. That in the opinion Of
the senate, the compulsory coinage Of
silver dollars directed by thc law oi
l. l.rhruary -, 1873, -houli not he ,us-
pended until the aggregate rcachc.
I tine -um of SiOOOOU. 900"
VOORHEES, stated that, the better to
suit the convenience of other srua-
tors, he would not call up his rc-nlu-
ton expressive of the sense Of the
senate ou the death ot the late Vice
President llcndrlcks. until Tuesday,
| the 10th instant.
The senate then proceeded to the
| consideration of bills on the calendar
| lnd the hill To Hdmit Dakota wa~
/ tkDu up. Harrison -ulu "a would lac
/ impossible To consider that bill under
/ tuc five minute rule. aud AT his sug-
4 Lc-tiuu II went over lie stated hc
would call 10 up ns early ncNt week
l- practicable.
COKE oN SILVER COINAGE
Altcr ONE general proceedings, nt
, O'Clock Coke called up Bcck's silver
resolution aud addressed the senate
upon 1t.
The question of the suspension of
silver coinage, Mr. Coke said, wa, one
of such trHu-ccudcnt importance TINT
tine arguments of the president and
thc secretary of the treasury On the
subj ci should be- considered on their
intrinsic merits. aud should not be
Influenced 10y the fact that they were
arguments coming from the highest
officers of the government \ sus-
pension. MIR. Coke regarded as tHntn.
mount to the complete stoppagc of
our silver Coinage. silver, lac snid.
[ bud not deprecated, nut Eold hhu
risen ia value. lie showed hy -tati--
! ties that. taking ninety articles Of
merchandise, there bad been m aver
Ingc tall of % per cent. since 1870,
| while there had been "A fail Of unl
/ g3 per cent. in silver bulliOE IL was,
| therefore. AN abuse of terms to ,ay
| that silver had deprecated. silver
/ constituted uuc-huli OF the quantity
/ Of ulI the coin ~ the world aud IA
/ -tupwgc of its coinage would de
|pUvr lhc world of uuc-huli Of IL, sup
/ ply and would double the purchasing
power of the other, aud this would
/ hc mn enormous contraction. Eng
/ lands income from her foreign trade
was SG5.OOO.O 100000 annually She
wa. creditor country and wanted
! debtors 10 pny her ia gold; that iS,
.hc wanted dear money, money That
would have the largest purchasing
'luWcr, when Germany Ind secured
Twelve hundred million dollar III
ruld from France they dcmunitiIcd
silver tor the same reason that Eng.
land hnd done 80. II was done
upon cold calculation of Hclt'iu-
lrrrst, aud the same rcasol
,ncuntcd the creditor section u
the lnitcd ~tntcs, the sect 0n whcr'
hg banks and Largo bo ud-boldcr
were. The fight against silver was
tight against the people 10y the ban X
aud bondhOldcrs, II was u iighl
nguinst labor. Had Andrew jackson
been in the White House at any tim
since 1878, the silver question woul'
have been settled he would hay
executed the laws of the United state
> and would have taken 10y the throa
the conspiracy against these law
Il I he officers of our government has
tailed to state the whole truth ~
our silver circulation. They we
knew that there were, to-day, $40
silver coin in circulation to one
gold; that thrco-quHrtcrs of the slV'
= iu the treasury was represented |
silver certificates IN active circulate
among the people, maintaining prlc
n and wages. Every form ot our none
y except national bank notes, had bee
boldly denounced by our trca,ul
ullical, II they hnd their way
-holld bc at the mercy of tho nation
banks.
Mr. Coke made no war on bon
holders or on bauk me
they were no worse and
better than the average
men, but they should never be pc
mittcd TO dictate 10 our tnnuc
- policy against the interests Of the p'
y Die. The president and secretary
the treasury proicsscd TO tavor I
usc of both gold and silver, but d
clnred that the amount OF silver
reudy coined was enough, and tina
We continued to coin II gold Wpi
- leave the country This statemt
II was made In the face of the mct u
In ls7S, when the coinage Of the sil'
"a lollar wns ordered, there was in
4 lFnited States only N2ilOrOOOO
,old. while according to the report
the director Of the mint, the gold c'
aud bullion IN the Oulted states !
Increased TO SGO9OOOOOC, in gold
that instead of silver coinage hav
driven gold ont of the country
supply of II had been trcblcd sl
'aw silver coinage had commenced;
wa- u tact thai no thcuriling go
l. cuntroycrt. The silver standard
our no tcrrors for MIR. Coke.
Germany had been silver cont
ain before it got much gold from Fra
France was one of the most thr
DE nation. in the world, aud France
&C. six hundred million an some
10 1t nine hund"od million dollars in
yer coin cir ulating in harmony
aun gold aud side by side with 1t,
French silver coins were OF n fine
compared with gold, of only ili
aud one-half to one, while our 81
dollar WAS of the iineucss of six
49,. n,,n Mliun Al. y .niN Mr [