New-York tribune., 1890-05-22
Srv,roR STEWART on THE JONES BILL
v,voR1yG THE UNRESTRICTED AND uNLiNi LED
COINAGE OF SILVER

,,.o,,rcton NAV 81 (SpeciaD.-The only con
,ion made today to the SILVER u's." -, ~
senate was a two-hours spccch pS M ,,,ir.
Nevada perhaps the most trclesS anu ~, -
- oil the advocates Of the complete remonc"N'. .,o
" & o.. NJ s,orart.s views are we'll known III wv
senate and out Of il and no one was srP'.'0 ~.
n; come ont natfootedly, before the cIo'o 80, ~
aot ',,' :, favor Of the unrestricted and uhii"'."
airacc NJ silver lie also paid his respects y" ,,.a
creditor classes and other sclhsh All" -
odhcrcnts 10 the gold Standaru' u'" iii.
Vaccinations the economic crime VI ia r,uc
suver had been accomplished Hob"uE P''' Ut,
o,,on,ion 70 The Nevada Senator'S vigorous
upon the 4" gold bugs" OF Wall street, w. =. ,rove
moad mart Of the last Republican PLATFORM " '.. P'
,,, tho marty had promised the free coinage VI ~
Nv rarwell Of Illinois. promptly TOOK "'o
sov that as member OF the Committee WI
,ons Al the Chicago Convention, nc iel' '" -.
A.. mite the correctness Of Mr.. stewart - -
uln ~ the language of the silver plank VIM" " -.
ono,od The committee he added. had ltSeH p'.
q"o'D ., much narrower construction upon tho
,.,or which IL reportcd facoring the use Vi wv"
o,a and silver As money. No one was 'o''' "
ror the Nevada senator and SO the debate went ''''
untu tomorrow. when Mr.. Daniel oi N"e''' -
pectcd to make speech ,
Mr. stewart argued that there would oe u" I"0',
o,co bctwoen gold and silver If the lni'ch o'i'' "'
-. France did and established the ratio OF !" 10 l.
NV ao,ooretization Of silver had depressed prices ="
,rodi.ios from, 80 70 40 per cent; ana Us r'I'''
,ig,,ion woud produce good times hsah' '"o ','
~ money contraction was ineNorable' u u't'"' w.
noonIc into lords and Serfs. The oblcc' "' "'o
mon was 10 furnish more money. I" stop 'o'''"'
., r,icve thc debtor and producer. and to preserve
N the people their rights Of properly ana ""' ~
Every citizen had inaenahlc nfht 10 pay ~"
doh, in the money IN which II was contracted 'H''
is he should be neither gamer nor loser pS '"'
cuctuations In the value Of money Ihat NH'"o
,o,or,cd bv the law Of supply and demand ana "''
Goyernmcnt alone had the power. and was '"i't''
with the duty, Of managing the supply 80 A. ~ MY
il equal 10 the demand ,.o,
rhor had hccn repre.cnod A. silver baronS dcslrhE
"a unload their product the Government "
silver was not needed money, the sooner 'n' "a
was known the better. because the snppN o nv
on hand for other purposes was suI''o"' ~ my
years The Republican party had incorporated ih ~
Rational platform a declaration I'm favor of b"ih e''
a,d eilver and coudcmn!ng the policy of the l"mp-
cratic Administration In its efforts to dein"hc'"e
silver What was the meaning OF that de'lArt
tlon2 II meant III IL means anythinel that inc hc
publican party would make no discrimination be'"'o"
gold and silver, and would receive gwen lnan''f
of silver in exchange for coin on ihe -tne ui"1 ~
IL received gold The bill rcconmchned y t'
rotary Of the IreaGry. ana 51pGc device 70 top tho
present coinage Of s2oooooo moh'h ID silver "'''''
''' Mr. stewart stated the estimated amount Of the
do,Is n me people ~ the United state, public ana
riate, AT 81 OO 900 900 the Interest 0u which, al
nor cont amounted t. about - ,iuO.huoOoO. "hllf
The assessed value Of the property oi ic lc"pl' was
only So 900 900 900. II the masses IN Europe ana
America knew that there conspiracy ainUis
holders Of accumulated capital I" ROB thrm oi ihrf
property and liberty eliectual remedy would soon
to APPLIED but, fortunately, the people did not under
staud the extent ~ the wrong inlictcf upon them hy
the demonctizatiOn Of silver. They ala know, no"
ever ihat the farms and products we're decreasing III
value and that the obligations % their 'puiih
ycr, growing heavier year hy They were already
contemplating the vast accumulations Of the fortunes
Of The coupon cutting class. while thcl tiem,clNc'
were reduced 10 poverty and want. Nothing hut mora
money would right the wrong which the gold standard
contractionets had inflicted The people, Therefore
demanded the reconciliation Of silver. and gave
moi ice that that did not supply sufficient amount
nj circulation more paper money WOull nave 10 De
issued 80 a. to enable them TO retain thclr pr0pcrN
Mr. Farwcl-I member Of tie committee on
Resolutions at the last Republican Convention. and
desire - express my dissent TO the opinion given by
the senator from Nevada. No such interpretation
was cons dcIcd bv that committee.
Mr. Siewart-What does II mean
Mr. FarwclI-That the party was In favor Of silver
| money at the market price Of silver. dicW the
resolution n the senator well knows and ii per
fectIv honest and fair. u meant that the Govern
mDnt shonld lmy silver and coin II AT The rate AT
which II should cost the Government
Mr. stewart That is mere quihblc
Mr. Wilson of Iowa. gave notice Of an Amendment.
which he woud offer providing that the treasury
notes t. be seucd for silver shall be legal tender for
| All private debts within the I ncd states.
| Mr. Farwc also gave notice Of an amendment
| providing that the certificates shall be receivable
| for customs taxes and public dcbtS. and shall be
legal tender for all public and private debts