New-York tribune., 1886-03-21
DEBITE on THE SILVEB PROBLEM.
THE FREE COINAGE BILL IN THE HOUSE.
TIE BLAND ACT COLOSSAL BUSINESS DLCNDEE-
FATR OF THE TRADE DOLLAR

FATE OF THE TRADE DOLLAR.
WASHINGTON, March 2O.-1he HOuse was
called order by the clerk and motion OF Ar Nor
rIson Of Illinois, Mr. Crisp, Of Georgia, was elected as
Speaker pro tompOre during the temporary absence OF
the Speaker Under tho special order made on Tuesday
last the limited debate tho adverse report on the Tree
coinage bill begun. and the floor was taken by Ir.
James of New York, in opposition to tho bill lie said
in partI
People are wont TO the lawyers and professors
and political leaders for legislation on hDancial ones
tons instead OF to business man. such as nm ny ny
retut OF this is that nOT the country Is In slough Inc
OF state very nearly ditcbcd This is not ques
tlon OF doing something great it Is question Of getting
OF something bad. 1t Is not question OF making
tho slough. 1t is question which the business men
ought to solve. II tie business men had dealt win tho
silver the team OF 81 ate would not be sun IN
the mire. Thoy should hayo spoken out and Insisted
that their advice should be followed Inc so-c"lieu us
business blunder Of the Hauons as whole 40 , one
it. The evil Of demonetizaton ia chageable to the
action OF Germany for tho impetus given by Germany
was passed along the ne and one after another the
mnt OF the different nations closed TO silver The
history Europe for the last ten had been his
The coinage Of silver in the United states has operated
inurousy to the OF tho effort to secure bime
tac conaeein Europe and the extreme silver men are
really the "cstspaw" OF the European monometal!lsts
Tho coinage OF silver under the Bland act has been from
the beginning, ana is now colossal business buh ef.
Until international agreement is reached the conage
under the Bland act should be suspended Free coinage
OF silver ls "hlt tne country wants. Dt ID NY opnon'
II can BE- accomplished only through the medium o sus
pension and negotiation.
Mr. Seymour, OF Connecticut followed the line OF
argument He advocated the suspension Of silver coin
age, which he declared demanded by large, pair
otic and intelligent body OF the people Mr.. O'Donne!
OF Michigan, branched of FROM tho main question before
the House and said:
While the yield OF gold and silver each year in this
country 900 aud the time or Congress - taken
uD IN discussing merits OF the two metals. the people
OF this country last year paid TOR and mGldsSes
nearly %1S5 100000 and see scarcely an eAort 10
Driug relief
Mr. HemphilI OF South Carolina, advocated the np-
pontment of commission to secure an international bl-
metallic union Referring to the difficulty of getting the
STANDARD dollar in circulation he said:
The history Of mankind does not show that good
money requires any power behind It, II goes on us own
merlls. The legal value OF our silver dollar oN,r inc
value maintained only yact OF Congress II CON
gress should at time withdraw the !eghiteiu
function the dollar would at once fall 10 lts real vae
Has such a thing been In 1873 the trade dollar
made legal tender for any sum hott
these dollars hal INTO the pockets or the people
Congress deprived them OF their leGatenier quhliy
worth only about 50 cents. Tie Government Is IA me
pecuar condition OF receiving ut the Treasury doAr
containing 42 grains and pudating another contain
ing 100 grains mutpes its inferior coin at the rte
Of $50 600 600 and refuses to recognize us Dete
| money coined out Of exactly the same metal
Mr. Byuum OF Indiana a member OF tho Committee
Coinage. Weights aud Measures. supported the MI
uoy report which avor5 the passage OF the Free Coinage
bill lie referred labor question as the most i'm
porant problem Of The day. and said that unless thcre
was a change in the financial and other policies OF tho
Government the struggle OF labor would be hopeless
Mr. stone of Missouri, announced himself In favor OF
any measure which would tend to restore silver to an
| equality with gold.
| The House thea at o'clock adjourned.