Savannah morning news. [volume] (Savannah) 1868-1887, 1886-01-14
SONG OF THE SILVERITES
MIR. INGALLS, WANTS NOT LESS
THAN 5OO.OOO,O 900 SINNERS.

Mr.. Eustis to Speak on Mr. Becks ResO-
luton MOndaY-Hr. Coke Follows Mr.
Pugh's Line OF Argument-AIr Reagan
Objects to Mr.. MorrisOn's "RsbUke."
WASHINGTON, Jan. 13.--In the Senate
to-day Mr.. ingalls, offered the following
resolution, which, at his request, was laid
over for the present:
Resoiged That, IN the opinion of the Senate,
compulsory coinage of silver dollars directed
by the law OF Feb. y. 1873. should not be sus-
pende till the aggregate reaches the sum Of
500, coo, 00O
Mr.. Eustis gave notice that on Monday
next, at , O'Clock, he would call up MIR,
Becks silver resolution with a view OF
making some remarks on it.
At O'Clock Mr.. Coke called up Mr..
Beck's silver resolution and addressed the
Senate on it. Thequestion of the suspen-
sion of silver coinage, Mr.. Coke said, was
one of such transcendant Importance that
the arguments or the President and Secre-
tary of the Treasury on the subject should
be considered on their intrinsic merits,
and Congress should not be Influenced by
the fact that they were arguments coming
from high officers OF the government.
Suspension, MIR. Coke regarded, as tanta-
yer coinage. Silver, he said, had not de-
preciated but gold had risen in value. He
showed by statistics that, taking 80 lead
ing articles of merchandise there had
been an average fall of 26 per cent. since
1870, while there had been a fall of only %
per cent. in silver bullion. 1t was there
fore an abuse Of the terms to say that sill
yer had deprecated.
ONE-HALF THE COIN SUPPLY.
Silver constituted one-half the quantity
of all the coin in the world, ana a stop
page OF its coinage would deprive the
world OF One.halt of its coin supply and
would double the purchasing power of the
other half. This would be an enormous
contraction. The fight against silver was
fight against the people by the banks
and bOndhOlders. It was a fight against
labor. Had Andrew jackson been in the
White House at any time since 1878 the
silver question would have been settled.
He would have executed the laws of the
United States and would have taken by
the throat any conspiracy against those
laws. The silver standard had no terrOrs
for Mr.. Coke. Germany mad been a silver
country before it had got so much gold
| from France.
FRANCES THRIFT.
France was one OF the most thrifty
nations in the world, and France had
5000, 600 600, and some said 5000, ,000.00 OF
silver coin circulating in harmony with
gold and side by side with it.. Yet French
/ silver coins were of a fineness, com
| pared with gold, OF only 1917 10 l, while
| our silver dollar was OF the fineness of Is
! TO 1. Give us, said Mr.. Coke, the
| same executive vigOr and fidelity
! exercised by the officers of
| the French gOveTnmentin behalf Of silver,
| and we we will show that we can carry
very much more silver than we now
have. The coinage Of silver. Mr.. Coke
said, should be free, as was the coinage
of go d. American silver should be placed
on exact equality with gold everywhere.
But whether right or wrong, as to free
coinage, Mr.. Coke said. we should insist
that our government officials should exc
cute the laws.
MR.. REAGAN TAXES OFFRNsE.
In the House to-day MIR. Reagan, of
Texas, rising to a question Of privilege,
said that he found in the Record to-day
that previous to his making his speech
Yesterday Mr.. Morrison, of Illinois. had
! protested against debate on the silver
! question being opened at that time, and
mad remarked that nothing justified this
| departure from the rules OF the House
| When he Reag gan ),wlth the consent OF the
! House. occupied his place IN defense OF
| the rights OF the people he did not think
| he meFited the rebuke Of the gentleman
/ from Illinois.
/ Mr.. Morrison denied that he had had
| any intention to Tebuke the Gentleman.
! lie mad meant to say that be could see no
reason why the debate should begin yes
! terday.
Mr.. Reagan said that he had referred
/ to this matter because he did not wish by
his silence to seem to acquiesce in the