Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-06-07
CONGRESSIONAL.
The silver Bill is Discussed Pro and Con in
Both Senate and House.
LI.-CONGRESS.
SENATE.

SENATE.
WARRINGTON, June 6. - The house
amendment TO the senate bill establish
ing public park in the District of Co.
lumbia was disagreed TO and conference
asked.
The silver bill was then taken up.
Mr.. Plumb made a quiet, long and
strong speech in favor of silver, after
which the bill was laid aside.
A message from the president in rela-
ton to landing army force, from
revenue Gutter McLane at Cedar Keys,
Fla. q, was presented, read and referred
to the judiciary committee.
Mr.. Dawes from the committee on In
dian affairs reported resolution, which
was agreed to, calling on the secretary
Of the interior for copies of communica-
tions and correspondence on the subject
of intrusion on Indian territory, and for
a report as to what steps had been taken
to fu]nll the obligations with the Choc-
taws and Chickasaws in regard to pre-
venting such intrusion.
After executive session the senate ad-
journed.
HOUSE.
WASHINGTON, June G.-Mr. Lacey of
Iowa said the country was met with q
contraction of currency, banks were
calling in the circulation, and it might
be that the figures would show as much
money IN the United States per capita as
there ever had been, but there
The pending bill proposed to
mi 70
offset the contraction, and even
more-it was practically free coinage
bill. The capacity of the mints was
500, 900 900; he output of the mines was
S5l 900, 900; the free coinage of every
dollar of American silver would be about
SOL 900 900, yet this bill proposed to give
S54, 900 200 a year of legal tender treas
ury notes. 1t was free coinage meas
ure because it provided that when silver
was at par minis should be open
to free coinage. The country needed
an expansion of currency in safe way,
and this bill provided for it.
Mr.. walker of Massachusetts spoke
against free coinage. He asserteda that
the demonetlziug of silver was not the
cause of the decrease of prices. Prices
had been going down for a hundred
years. The demonetizing of silver
had not had the slightest
effect at the depreciation of prices. More
money meant more misery. Laughter.
Mr.. Perkins of Kansas-We all love
misery. Laughter.
He was going TO vote for the pending
bill because he knew the members of the
house from 1886 up to the present time
for the purpose of getting back here
had urged aud encouraged the
people in their folly until they
had come to such state of mind that
had to be done or it would
break the members up. Laughter
Mr.. Bland of Missouri inquired whether
it was in order for him to offer an
amendment.
The speaker replied it was not.
MIR. Bland said he could only protest
against the denial of the right of mem
Der of the minority to offer an amend
ment. The law had been placed upon
Why had this been done? 1t
was for the purpose of passing a bill
through the house, the effect of which.
was TO demonetize silver. The bill was
Wall street scheme, and a bold
scheme to change the ratio between
gold and silver. 1t recognized
the silver bullion according to its value.
Silver was being murdered in the house |
of its friends. He especially criticized
the bullion redemption clause, arguing
that it would prevent any appreciative
expansion of currency; 1t would hold out |
the temptation to the secretary of the |
treasury TO make millions of dollars out |
of speculation in Wall street
Mr.. Townsend of Colorado said de- |
parture from the bi-metallic standard |
had been the cause of untold misery to |
wage workers, and benefited only those
of fixed incomes payable in |
gold. Prosperity would not return and the |
course of prices would not be |
arrested until silver was returned to its |
proper place.
Mr.. McRae of Arkansas appealed to |
the gentlemen on the other side who ia |
vor free coinage to restore the silver to |
its proper place, not step by step, but, |
as it was destroyed, in one jump.
The house at CLOCK took q recess |
until o'clock, the evening session to be |
for general debate on the silver bill.