St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-13
THE FRIENDS OF SILVER
Occupy the Time of the Senate in
Presenting Their Case.


WASHINGTON. Jan. 12.-The Logan bill
to purchase the old produce exchange build
ing and site, New York, for army purposes
was passed by the senate. The presiding
officer obtained permission to allow Senator
Hawley to occupy the chair the remainder
of the week. Mr.. Beck offered the follow
ing as substitute for Mr.. Evarts' recent
resolution:
Resolved By the senate and house of rep
resentatives, that the secretary of the treas
ury be and he is hereby directed in ali pay
ments hereafter made of interest on the
bonds and notes of the United States, and in
the purchase or payment of per cent OF the
entire debt of the Cnited States for the sink
ing fund, as now required by law. TO pay out
gold and silver coin as nearly as possible in
the same proportion on which gold coin and
certificates of silver were received during the
preceding fiscal year for duties on imported
goods.
Upon Mr.. Beck's request the resolution
was referred to the finance committee. Mr..
Pugh resumed his remarks on the Beck sill
yer resolution.
THE LONDON PRESS
has Joined the kings of our Eastern states In
demanding of congress the suspension OF the
silver coinage. They want TO sweep away
every kind Of money but gold. We should
then have no god but gold and 70 king but
the national banks. The controversy will not
be settled until silver gets the same treatment
as gold under the natural laws of supply and
demand. Silver and silver certificates should
be given the entire field up TO SO. The ma
tional banks would become better acquainted
with silver under the provisions Of the George
bill.
Mr.. vance-The attempt of the moneyed
men to depreciate silver is one of the grand
est conspiracies ever seen. 1t is q tyraL nical
and cruel blow at the common people of all
lands. The banner of the attacking party
should bear in plain letters the words Of Holy
writ; ITO him that hath shall be given, and
from him that hath not shall be taken away;
even the little that he hath" Growing COM
MERGE and increasing population require in
creased money facilities. The success of the
efforts against silver would result in the
greatest industrial calamities. Everything
would shrink but gold and debts. In the
course of all my economic readings, from
Moses to Sunset Cox Laughter, have never
met a case so weak as that now made by the
enemies of silver. l have heard many cases
argued in school clubs and in crossroads de-
batting societies; ] have heard pleas made
from the tail end of
GINGERBREAD CARTS
and read endless platitudes in the Congress
sional Record, but never have met or seen a
worse abuse of logic or a feebler attempt at
outraging common sense than the arguments
used by our bankers bondholderS and gold
men Renerally on Jne SILVER question: Inc
rapacity of avarice is SO repugnaut to the
moral sense OF mankind that it always seeks
to disguise its ugliness by assuming the garb
of virtue. The bondholders aud bankers
want silver coinage stopprd not for their own
advantage-oh no!-buJ for the sake of the
poor workingmen, whom they prefer TO their
own chiefest JOY. The war on silver is in the
interest of those who speculate in money.
The law requires that our officers shall pay
out silver and If il comes back to pay IL out
again. They have refused TO paw il out, and
hence the difficulty. The money lords are the
real controllers of our monetary affairs. They
are the successors of the feudai lords OF the
middle ages, but the latter did not have the
same class of persons 10 deal with. OF one
thing can assure them-that is, that in this
country, where the people rule, silver is not
going 10 be demonetized.
Mr.. Brown and Mr.. MaXey will address
the senate upon silver on Thursday. After
an executive session the senate adjourned.