The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-14
,oo I.,. 70 hold mn IN. ,t.,.ton o, N. ro,o.

| holders before debtors and struggling people
and e. threaten that gold would be- Withdrawn
Pacic coast there was absolutely no gold Il
| circulation in the United States. He yentured
coin In his Pocket Gold could H be hearded to
| no greater extent than at present. There was
SO Little S0d N thst II %1Id be H
people In the United States who had never
Mr.. Jones OF Arkansas next addressed the
Senate IN criticism of the pending bill. The
silver question; he said was one OF the great.
scarcely overestimated; YET, lust now. its
greatest Importance came from political con;
been an integral part Of a great economic sys-
| tenn, conceived. executed. and maintained by
the Republican party in utter disregard OF tho
| general interests OF the country. IL the popu,
| Jar disapproval Of that economic principle had
been 30 pronounced and formidable as to COM
lives OF the Republican party to abandon
their party ,associates, and to join the
ndcSted that az t6 SSs was 10 Be an over
| hauling of Republican economic theories by
people and that when OF their
made In the wall. the citadel would soon fol;
low. That the leaders 81 that party should
sions. The iui r renonstisation Of silver would
c c tie Value Of silver 6nicn and It would
greatly Increase the volume OF money and q
Snnssa The mePo Of The 6uon
value Of silver Sss q no interest THO e
'n sAs o9fsa aTseisf fOGSs Rndns
5 21 6tofI he sHGs
father o. the tariff lM NJ; MORRILL, should have
ceedingly significant. That a Republican
caucus should present substitute for 1t. and
the Of knd 81
silver. was OF itself full Of meaning; The bill
first INTRODUCES, was understood to have sma-
Bill reported from The Finance Committee was
Sre. The :irst proposed that any part or ali Of
the Ss PSdG. Of the Sa f II mSt
PH1ss buq ao f RSa me 6tss R RtSs
BE Ss IN silver for e Only dnff Se Snd
denption The fe' second BIZ the caucus meas.
and a half million, dollars worth OF silver
bullion mot confined 70 American silver and
notes. The authors OF the latter by refusing
70 make the silver Treasury, notes reasonable
In bullion shGwed an to
seemed to do. desire 10 make silver a com
m9dity only; and yet by less frank RAJ and can.
the same result The purchase Of four and a
half millions worth q silver per month would
II So. bullion "' Would rise Es' rapidly in
S Sng s the SHs b 6S act
e6ases, What then would be- the Condition
cause the moment it fell a shade below one
dollar for 871t grains Of pure silver the Gov
ss wh { aad he
the government could buy no silver and there
woad Be % in aSs
bullion as a commodity simply butts demone-
tization would be complete and absolute. The
least for the unlimited coinage Of silver when
the the dovernm fe ceased to '0 be- " purt
chaser This was an absolute necessity. UNI
1oss Would op the b
Il stood certainly intended the demonetiza-
ton Of silver. and might as we'll avow IT, While |
great body OF the people. they Intended only to
benefit the sellers Of silver bullion Ly increas-
,redit the silver Treasury notes by refusing to
make them q legal tender: suggested further
ae s WPs eba had in KEY e Re-
'ated. He was in favor OF the issue Of certif-
'ates for coin and bullion. and Of comforting
BROADLY and completely as it was conferred
Upon the coins which they represented.
'as seemed to be laboripE under the impress
the B 5 %Ss 81
my kind before the Senate.
Mr.. Jones replied that he had no doubt that
vas literally true; At the same time. II news
,aper reports and the common understanding
ration, and he was satisfied that they were
very Republican senator except the Senator
rom Colorado. had agreed either in conference
Senators Ingalls,, Allison, and others-That
Mr.. Jone e I hope that we will find n
arGe number OF Senators on that side voting
Mr.. Allison-The bill that is now on the CAL
ndar OF the Senate so far from being the re.
ut Of a Republican caucus. is the result Of
he deliberations Of the Finance CommIittee,
POLITICAL parties participating in its prepara-
ion. No suggestion of caucus was made on
Until some time after this, bill was reported, and
thoEouGhly concur N What has tS been sad by
greement or understanding on this side Of
Mr., Jones Of Arkansas Members Of the Re-
'ersation. that this bill has been approved
y every Senator, on that side except the Sem
Mr.. Harris. a member OF the Finance Com
nittee. said that the bill had been reported by
or suspicion Of caucus having had
had when the Ell, h was under CON
ute free coinage OF silver But the question
With that minority OF which he was one, had
he pending measure in lieu OF. existing law,
lnder which only two millions Of silver dollars |
we're coined monthly. He himself had decided
o do so. He did not care to say anything more |
low. but would do so another day The bill
hen wont over until to- morrow
Mr.. Hoar said that he had reported back yes
erday from the Judiciary Committed the
louise amendment to the Anti Trust bill with
n amendment. Some Senators on both sides |
4 the chamber thought that tho proposed
pendment WAS not as precise and wei! guard
ID as II ought to be. lie therefore moved to
ave the whole matter recommitted to the In |
iciary Committee. Agreed to.
House OF Representatives
The House, after the transaction Of roll.