The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-14
THE FIFTY-FIRST CONGRESS.
DEBATE ON TEE silver BILE CON-
11NUED IN THE SENATE.

So. - ra.-,Sn ARatnse Toaoa oG AFNan-
sse-Rspubliean Senators Decay That the
Rm lie = Caucus Neasnre-Mr Butter-
vvorth's Tarih Speech IN the Heuse
wins Applause from she DenoSr"ts'
WASHINGTON, May l9.-Mr. Davis, from
The Committee on Pensions, reported back "a
the 6epate to-day tho House substitute for the
senate Dependent Pension bill with written
rsnort and moved that tho House substitute
be non-conourTed In and o conference asked
The motion was agreed TO. and MeBsrs. Davis,
Sawyer, and BlodGett wero appointed con-
ferreaa on the part OF the Senate
, Mr.. BATE offered long preamble and resolu-
ton on the subject OF the ,poposed statue to
Lafayette in Lafayette square, opposite the
White House. condemninR the site selected as
ono that would have the effect OF mixing and
minRllnR the outlines OF thu two statues" Jack
sons and Laiayette's) In suoh confusion that Il
would pe impossible TO distinguish from the
White House whether Jackson was riding
over Lafayette or Lafayette lodging under
Jaokson," and instruotinr the Committee on
the Library 10 examine the m after Agreed to.
The Benate at P. NJ resumed oonside Grafton
tho Silver bill, and Mr.. Jones OF Nevada con-
tjnued the speech begun by him yesterday.
Fears had been expressed. he said. lest
aold should leave the country by reason OF re-
nsorinR 10 silver it's full monetary power. Such
would not be the case For every gold dollar
that left there would be silver dollar in circu-
lation. II. however. gold could be kept only on
condition that equality and Justice should be
DESTROYED, who doubted that It should go2 No
argument for demonstration could be found
in the fluctuations OF the Yield from the mines.
There would be large yield now OF one metal.
and again OF another: but the history OF the
world afforded no example OF an extraordinary
Yield Of both metals simultaneously, except in
tbo aingla instance Of the diacoyerv of tho
bho eihEio ih9s"H'V " W.
mines OF America Inc total amount OF SILVER
ou nu 10th h nosssss.d IN eommon and neitber
ninhor doaroo thar tbe thar ali tho
Qualities which are recognized as necessary in
rnonev. The purpose in using both had always
been to preserve society from the result of &C.
cidontS in the production OF either; and tho
He opposed the idea of redeeminE Treasury
were so redeemed tho monetary circulation
on the
nS
Of the present Secretary OF the Treasury: but
said that as none OF tho Secretaries for twelve
years past had coined dollar OF silver moro
than compelled oy law 70 oo.duture secretaries
might conscientious, deem eaa 1t ahe. duty to
80. ~ 49, a.o.as r-oas,,rU go 49, .hn. ths
OF the proposed treasury no.es. ana mus inc
a mare purchasing AGENT for the East India
Cornanv ~ for svnd,cotas ~ Enr-
lish merchants wanting bullion cheap
In order to make their payments to india.
standing all tho legislation in it's favor. could
the world, A gold coin that would represent |
an average days labor would be too. small for |
to the Variety and Character Of
supplies OF both metals In existence. II united
by law. in the full money function. would have
famed ned by either separately. No amount Of our.
rent production that could be expected from
h mime s y.as se9e Bsn@ sIssdy
bined stock OF over eight billion dollars on
sas i GS sRsq S the sSod Ire
full and unlimited use as money. and equally
invested with the power Efs Of Legal tender
quoted figures 70 show that a debt OF 10000
contrsc sss In 1879 could at that time DO paid
Now i would require 1l.zl6 bushels 81 wheat.
o
very extensively from the various, authorities
on political economy from the time Of, Aristotle
TO the present. In COncluBlODs ne SAD:
Il predict Mr. President. that the restora-
ton Of silver to It's birthriRht will marx an
epoch in the history OF this republic. 1t will
place In circulation an amount OF money COM
mspsprate with our increasing population; 1t
tries that the volume OF our circulating me-
dunn is not to continue shrinking. and that
ward. 1t will increase the wages Of labor and
the PRICES OF the products OF LABOR: II will re;
money futures; 1t will tighten. but not, In
e9uitebly. the burden Of MORTGAGES: Il will in
paying ana taxpayinG power OF the people. 1t
Till Loosen t h GrSssD Of the creditor from
ton OF silver money, will cease to be the object
OF commerce. and VII again become Its 6eneh-
tion movement will supplsnt inertia: courage
Will Danish fear; confidence will dispel doubt;
silver to Its rightful plane by the side OF gold
win set IN motion, al the latent energies OF
the people. It will Danish involuntary idle
pess by putting every willing man to work.
ND h0n nf hn nj l0N