Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-07-12
TO-DAY SETTLES m.
tCowtinued from First Pa@.l

[Cowtinued from First Paqel
measure. Republican applause.J The pend
ing measure had been agreed upon by republi.
cans only; it had been passed in the Senate by
republican votes only; ii might pass here by
republican votes only. II would then 20 to
where 1t would be signed by a republican
which would give such q republican indorse-
ment that many gentlemen on the other side
would not be here to vote in the next Con-
gress.
THE WORK OF TIE HOUSE
had been moving the country rapidly toward
the establishment of . parity between silver
and gold. When Congress met silver was 80
cents an ounce. Yesterday il sold for l07]<
cents. Since it had been announced that the
conference had agreed upon bill silver had
gone up more than three cents an ounce, IRE
publican applause.l
AN IMPROVEMENT on THE SENATE srIL.
Mr.. Cutcheon (Mich.) regarded the confer
ence bill as a vast improvement over the
monstrosity sent here by the Senate, which
proposed to make the United States mints the
dumping ground for all the silver Of the world
for the benefit OF speculation. II was also an
Improvement over the bill 40 IL originally
passed the House. 1t would give the country
an additional currency Of metal and paper for
the uses of business.
Mr.. HERMANS FAvoRs THE BILL.
Mr.. Hermann (Ore.) said that he favored the
bill, although 1t did not contain the fullest rec
ignition of the equality Of gold and silver a.
money metals-was q concession on both sides
of the question. 1t was victory for the popu-
lar demand. It was q long step toward free
coinage. He had no doubt that after the fall
elections there would be a strange representa-
ton here on the line Of the free coinage Of sill
yer. He congratulated the people he repre-
sented that such an advance had been made in
establishing an equality between the two great
money metals Of the world
LOOKING TO THE NEXT HOUSE,
Mr.. Bland (Mo.) concurred with the gentle
man in hoping that the next House would be a
free coinage house. But that House would be
composed of those who advocated free coinage
and who stood by their colors. It would not
be composed of the republican party,
which, by gag rule, had voted down
and stifed free coinage. If free coinage
which had stood firm to the flag of free
coinage and which had not surrendered its
principles at the beck of Wall street. He denied
that the bill was the result Of a free and fair
conference. 1t was the result of secret meet
ings of the republican conferees. He. az
a conferee, had known nothing of the measure
until it had been framed and the report was
ready to be signed. The democratic members
had been ignored in the preparation of the
bill. The bill was one which practically de-
monetized silver. 1t wasa
sUGAR-coATED QUININE PILL.
On the first reading it seemed that the Secre-
tary was to purchase $500, 900 ounces every
month; but when man rolled the pill around
in his mouth he began to taste the bitterness
'or 80 much thereof as may be offered
There could be traced in this measure a
OF 90 md oil
dered every principle Of bimetallism. II sur
rendered free coinage. 1t made a combination
with the bullion spectators of Wall street. In
the interest of Wall street it departed from the
legal ratio and changed that ratio from l6 to
to 20 to l. To change the ratio was TO
ury at the expense of the
people and in the interest of Wall street and
the bullion owners; and he denounced il as a
fraud and cheat on the people who we're de-
handing the ratio of 16 to 1. The bill made silver
simply commodity to be measured by gold,
its gold value. 1t was true that
the measure might make small
increase in circulation; but it would make It
by concession to the gold standard and de-
gress would not make any further fight for BIZ
metallism. 1t was
NEITHER SILVER BILL NOR GREEyBAcK BILL,
but simply political device concocted to tide
over an emergency. He denounced it as a
fraud and would denounce any measure as
fraud that did not provide for free coinage.
When the bill that has his name was passed he
(Mr. Bland) had fallen into the trap. Every
silver representative then felt perfectly conf
dent that the next President
would sign free coinage bill. He
would refer to history those members
who were now willing to accept this report as
leading to free coinage. Now was the time to
make the fight. Ii the conference report was
rejected another conference would be held and
the Objectionable features of the report stricken
out and that was what he had undertaken to do.
APPROVAL OF THE CONFERENCE REPORT,
Mr.. Morrow (CaL) expressed his approval of
the conference report and proceeded to argue
that the depression in the price of silver in
recent years had resulted from artificial ma
nipulation.
MIR. Cannon 0lL) favored the report and
hoped that an international agreement could
be reached that would establish ratio between
silver and gold
.