, 1890-05-15
TUESDAY,.
Tho .Ionesos Divided on tho silver
Question.

Eh'"Nibht
WAsHisGroS, May l3.-Among the
petitions presented to-day in the senate
and referred was one by Mr.. Quay, from
the business men of Philadelphia, re-
monstfaling against the increase OF the
duty on dress goods made wholly or
partly from wool.
The senate to-day resumed the con =
slderaton Of the silver bill, Mr.. Jones,
OF Nevada, continuing his speech begun
yesterday. lie opposed the idea of re.
decming treasury notes in bullion, on
the ground that when they were so rc.
deemed the monetary circulation would
be contracted, and the putting of the
bullion on tho market would not
make up TO the country for
the loss of money from tho circu.
laticn. He expressed entire confidence
IN the honesty OF purpose and conscien-
tiousness Of motive OF the present secre.
tary OF the treasury, but said that, as
none Of the secretaries for twelve years
past bad coined dollar of silver more
than they were compelled by law to do,
the future secretaries might conscien-
tiously deem 1t their duty to keep in
circulation the least possible amount of
proposed treasury notes, and thus the
United States treasury might in effect
become a mere purchasing agent for the
East India COMPANY, or for syndicates
OF English merchants wanting bullion
cheap, in order TO make their payments
TO india. Gold. by reason Of its greater
value, notwithstanding all legislation.
In its favor, could never become the
common money medium of the world.
Silver was tho money metal best suited
to the masses of The people, and to the
variety OF character OF the transactions
constituting the interchanges OF daily
life. We're there any conceivable ne
cessity for the demonstration of either
metal, WHY demonetize that which
promised greater and more steady
yieldH IL was absolutely vital to the
welfare Of society that both silver and
gold should have full and unlimited
use as money and be invested equally
with the power Of leg galtender.
Mr. JosEs' rEnoRArIos.
In conclusion lao said. "a predict, Mr..
President, that the restoration of silver
to It's birthrIght will mark an epoch In
the history of this republic. 1t will
place In circulation an amount of mon
ey Commensurate with our Increasing
population; It will give assurance TO our
languishing industries that the value OF
our circulating medium is not to con.
tinue shrinking. and that the tendency
OF prices shall no longer be downward;
IL will increase tho wages OF labor; IL
will reduce tho prices Of bonds and 9th
er forms OF money securities; II will
tighten, but not inequltably. tho burden
of mortgages; IL will increase largely,
although not unjustly, the paying and
tax paving power Of tho people; and Il
will loosen the grasp OF the creditor
from the neck oil the debtor.
''The demonstration OF silver money
will cease TO be tho object OF commerce.
and will again become its beneiicent
instrument Activity will replace stag.
nstloni movement will supplsnt inertia,
courage will Danish fear: confidence will
dispel doubt. ana nope viii supersede
despair. This lifting up OF silver
10 its rightfui place by the
side OF gold will set In motion latent en-.
eraies. and Will banish involu untary idle
ness by putting every willing man 10
work II will revive business and re-
animate the heart and hope of the
masses Capital, no longer fearing fall |