Los Angeles daily herald. [microfilm reel] (Los Angeles [Calif.]) 1884-1890, 1886-02-28
CONGRESSIONAL.
The Silver Bill Before the
House.
THE DISCUSSION YESTERDAY
Remarks by Chandler, Weaver,
Clements, Jones, Perkins, Bu-
chanan and Evans.

OAOEhCAnttf - t-&~'f = - s%f@>~f 49,
chanan and Evans.
Especial TO the Herald the Associated Press
WASHINGTON, February 27.-The
House went into Committee Of the
Whole for general debate on the state
OF the Union.
Chandler, Of Georgia, in an argument
against the suspension of silver coinage,
contended that there is no sound basic
for the prediction made by gold-bugs
that the continued coinage of silver
would have the effect of driving gold
out Of the country.
Weaver, Of Nebraska, discussed the
silver quest ion and predicted that the
effort Of monsyed oligarchy. assisted
by the executive officers Of the nation,
to double the peoples burdens and
cripple the business of the country by
the suspension Of silver coinage would
prove unsuccessful now that the atten-
tion ef the people has been attracted
to the question. He favored unlimited
coinage and asserted that II the whole
Weld of the mines were coined annu.
ally it would be twenty years before
the per capita circulation would equal
that Of France. This calculation, he
said. had been made without taking
into account any increase in the popula-
tion Of the country.
Clements, Of Georgia, thought that
- 4. Il .sI -
not the gold standard as established in
countries where the value of gold had
been enhanced by the demonstration Of
silver, but the purchasing capacity Of
silver, tested by its purchasing capacity.
Silver was now worth as much as II ever
had been, and there was no ground for
the assertion that the standard dollar
was a dishonest dollar.
Mr.. Jones, of Texas, advocated the
free coinage of silver. and earnestly op
posed the proposition to suspend the OPP
GRAFTON OF the Bland act.
Perkins, Of Kansas, opposed the sus-
pension Of silver coinage and denounced
the demonstration of silver in 1873 as
dishonoring American silver, and as
bringing Ia its train the business dis
aster which had continued until the pas
sage Of the Bland act in 1878. In the
worlds history II would be found that II
had become necessary to aid both gold
and silver in the monetary system by
the issue OF paper money, and this being
so, what philosophy, he asked, was
there in the proposition that from this
time forth gold alone would suffice.
Aaron, Of old, had prepared a golden
calf, but In his superior wisdom had re-
duced it to powder ty fire. Let the
modern Aaron beware how, in his ava
rice and greed, he built up false gods, or
men who build railroads and who
cultivated farms might rise in their
msjesty and power and strike down
the golden image and destroy those who
created them. II the administration Of
this country made an honest effort to
promote the usefulness Of our silver dol
lar it would be worth gold dollar in six
months. Gold without the support OF
silver was more unstable than any fiat
money. If we would avoid the dangers
OF fat money; If we would restore cosfi-
cence and revive our dropping industries;
IL we would encourage commerce and
open up new avenues; IL we would break
the present congestion and send the hot
blood Of business activity into every
: hamlet in the land. let it be done with
an effort 10 appreciate the price of gold
and the additional burdens to the debtors
of our land. As to the Administration,
he wished to throw a Pan Electric
light upon IL. II had broks its pro-
fessions and violated the requirements
of law. Il had professed q desire to have
an honest public service and had ap-
pointed convicted felons to places Of
trust.
Mr.. Buchanan, OF New Jersey, rose to
a point Of order and retorted safirically
that it was only in order for the other
side to criticize the administration.
Resuming, Mr.. Perkins said il the
Heuse wished names Of men there were
Democrats on the floor who could give
them. There were vacancies in import
ant diplomatic posts because ooious per-
sons had been appointed and rejected
II professed wish to enforce the law,
and yet it could be seen violating the
statutes and organizing to enforce its
own ideas. 1t professed desire to pro-
mote the interests of labor, bet it author
thorized the employment of convict
labor on our national works and
4 uIUht QOHn Jul t4t ko9h AhaoutAta
installations. It refused to carry out the
laws Of Congress for the protection Of
American shipping. 1t had taken the
mails from the most important line Of
American vessels and had demanded OF
American ship builders tests never heard
of 10 naval warfare. 1t refused to take
the Dolphin until she had encountered
billiards and storms go severe that the
naval officers could not stand up to
manage the ship. The National Banks,
STANDARD Oil and Telephone Companies
would be found represented in the Cab
met. It had professed desire to lessen
the burdens on the growth and develop
ment Of sections, but it had no word for
the internal Improvement Of the great
waterways Of the country. The cheap
transportation Of the people, in its course
OF enterprise, was strangled, workmen
discharged and doubt cast on the ability
of American engineers and eulogies
heaped upon John Bulls engineers. Its
English, you know" (AppLmse on the
Republican side.)
Mr.. Evans, Of Pennsylvania, said
that for every silver dollar in the pock-
cts Of the people was 20 cents profit to
the Government. The truth OF the
claim was that plenty of money would
benefit the laboring classes who de-
pended on that kind OF money. Cheap
money benefited no ond and was hurt
full particularly to wage-wor4ers. Hon.
esty was as essential in public as in pri
yate contracts and IL the Government
undertook to force deprecated silver on
the holders Of bonds it would soon fine
that il could borrow no money at 3 PEI
cent. 1t was time. he thought, tha
the compulsory coinage Of silver shoult
cease and the delusion in favor Of
double standard should be set aside
The committee ,hen rose and the House
adjourned.
Sale Of LoriiIard,s Race Horses
MT. HOLLY, February 27.-The entir
stable Of race horses belonging to Pierr
Lorillard were sold at the Rancoas stool
farm. Jobstown, to-day. in the presenc,
of a large crowd OF horsemen, who cam,
from all parts Of the country. = The bid
ding was lively throughout, the henvies
purchasers being the Dwyer Brothers, O
BROOKLYN, and Charles Reed, Of Gallatin
Tenn. The largest price received wal
s29, 900, paid by the Dwyer Brothers fol
the three-year-old bay FLY, Dew Drop
The fve-year- old bay horse, Pontiac
was knocked down to the Dryers fol
$l7, 500, and the same purchasers SO
cured the three-y year-old chestnut colt
Winfield. for $4,000 The three-year
old chestnut colt, Cyclops, was bough
by Charles Reed for $l0,500 Twenty
seven thoroughbreds were sold, aggre
eating Si4e.050 The sale was consid
cred by all present the most successfu
one OF thoroughbreds held in this coun
AIRY for years.
The storm tn New York.
NEW York, February 27.-Th
sscenes of yesterday were repeate,
to-day. No serious accidents :wer