The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-05-13
THE FRIENDS OF SILVER
Senator Jones Makes q Brilliant Appeal
for the White Metal.
Telling Arguments in Favor OF the
Committees Bill-Creat Inter-
est Manifested In the
Proceedings.

tee. reported hack the house amendment |
TO the senate antitrust bill with an amend |
ment. Vest and Coke stated that, as |
members Of the committee, they dis |
sented from the report. The matter went |
over till tomorrow.
The senate then proceeded To the con- |
sitieration Of the bill TO authorize the issue
of treasury notes on deposit Of silver bull |
lion.
Jones OF Nevada addressed the senate
i'm its favor. He spoke of the general un-
rest prevailing throughout the country in
the prices OF all commodities. He said
they had fallen and continued to fall.
When fall in prices was found TO bc opc-
rating OH the products of all industries,
when II was.found notconiined !oany one
fused over the civilized world
and found not to he characteristic
OF any one year but to go on for q series
OF years, IL became manifest that II could
not rise from local, temporary or subor-
dinate causes, but must have a gensis and
development in some principle of uni
versal application. What was IL that pro-
duced the general decline of prices i'm any
country? II was the shrinkaRe in the
volume of money relatively TO population
ard business. The world never had "a
proper system Of money. Prosperity and
speculation are known to be stimulated
Mt times by great yields from mines and
when those mines were worked out then
came revulsion and adversely. He went
on 10 speak Of the natural ratio between
gold and silver existing for 2,50O or 1900
years, ration of l5E To | and said
II was only since the legislative
prescription Of silver in Germany and
the United States and its banishment
from the mints of Europe that any ma
terial change of that race took place; and
the present divergence in relative value
OF the two metals are directly due to the
legal oililawry OF silver, and not Ia any
natural causes. IL has always been the
object of the creditor class to enhance
| the value of money by reducing the vol
ume. SO that when the gold mines Of Cali
fornia and Australia were producing the
| largest yield il was proposed to demone-
| tize gold. The motion of demonctizaticn
in the case of silver, as well as gold. was,
Jones said. to aggrandize the creditor
farms, the practicable rewards to hardy
toilers. He spoke of the demon-
| citation of silver by Germany
after the war with France as having in
flictcd greater evils ON her people
than her armies inflicted on France and
its effect a veritable hegira of German
population began to take place. IL sur
| priss Nss felt at the selfishness of priv
ileged classes in Europe in the demon
citation of silver what he asked was Ia
| be said in defense of the United States in
demonetizing silver no such stupcndeous
act of folly aud ignorance had ever been
pcrpetrated 10y the representatives of a
free people. Ii has proved prolific Of en-
forced idlcness. poverty and misery. No
better remedy could be applied than an
absolute reversal of that legislation and
putting back the monetary system of the
country to what IL was before ls.3
All the natives Of the earth used silver as
money up to 1873, when Great Britain sew
cred the silver link that bound her to the
other nations. Doing SO for reasons of
her own arising from her position as
creditor Of all nations. But the industry
of the English nation became conaealcd
by reason of that condition OF cur
rency; within seven years, thereafter the
number of her land owners was reduced
by reason Of the forced sales from l60,UT
To .DUD aud "A large proportion of Ill.
population had 10 live wholly or in part
: on the bounty of organized charity. Thai
had been art of the price imposed upon
the English people by the creditor class.
In regard To the bill pending before I'll,
senate Jones said he had reported u from
the committee ON finance, Int !
did not fully reflect his views
regarding the relation which silycl
should bear to the monetary circulation
Of the country or the world. He declare,
himself at all times and in all places
: and Unlimited coinage Of silver. Ia view
. however, Of the great diversity of view
T prevailing on the subject and possibilit,
that by reason Of such diversity the SEES
sion of congress might terminate withou
affor,ling the country any relief from th'
! baleful and bcnumbing effects Of the ,l,'
monctizaiion of silver. he had joined will
other members OF the committee in re
porting the bill. He held himself free I,
ratify any amendment that might b'
offered. which might tend Ia make III
bill "A more perfect measure of relief an,
that might bc more in cofsofaIce Will
5 his individual convictions. Rcsuming hi
: argument, Jones said the single gol,
: standard meant an attempt to br,Isl
: aside the equities involved by sneering a
\ the debtors. Who were the debtors in tlii
p | country be asked. They were the aspir
ing, the hopeful. the energetic. the auda
cio,is, they were the upbuilders, th
designers. they were the constructiy
A force in every community, as probab
4 nine-tenths Of the business of Americ
depended Ia one form or other on credit
Any system which made the dollars of
!. debt more valuable at the date II pay
o mcnt than at the date of borrowing was
q system Of robbery. He warmly dcfcndc
q the silver miners from the charge Of Sc
iisbness in desiring the reconciliation g
silver.
AT the suggestion Of Teller. Jones pos
4 poned finishing his speech until to-Ino
n row. The senate then adjourned.
i Great Inter.t Manifested.
. The scene in the senate chamber du
q ing the delivery Of the speech was IA
indication Of the great interest felt in
and in the subject. The senators froi
the mining states. Stanford, Hearst, Stey
l. art. Teller and others sat close to Jon,
@ and gave him the most earnest attention
e But an almost equal degree Of intere
e was shown by the senators present, cvei
one II whom on both sides of the chan
beri wheeled his chair around 50 AZ
face the speaker. There was no conve
le sation iudulgcd in, no newspaper rea
,r ing.no letter writing. but during the thr,
" hours that the speech occupied.cyery SCI
a ator seemed to- he paying the closest 4