The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-06-17


ntuns snd sha crusus Us xsported and
peeard.
Dnves fntru4ured : in g retire Genesai
Banks = : ruaior Of tho GATED States
army. referred 70 he committee On milf
tnxy annirn
fhe House s1gs.r I'm vss taken 40 and
Danies rnsnned the vpeech he bexAn On
Fridsv. II couraudinx Ais spserh Daniel
sn3d shne The voxid moved and TIT this
was I land 81 progress h.S never been bet
ter demonstrated than b. the fact that the
Great leader a. Renuhticsn 6nanclsS poaicg
Is the Uuited sseses sl,uding 20 Senator
ssermsuh vfso hnd CARRIED tne sinsie gold
standard over Two continents, had come
forward Ia his speech ana lain down u the
feet al TIE donbis standard and PRO-
claimed thar be was It last "A advocate Of
the silver dollar.
Allison nexs addressed the Senate He
snid h had yosed for the House bill -
arreuded BIZ the senate finance committee.
~ be considered Il : wfss and Just solu-
ton Of the question The question TO be
considered was What currency could Be
safely substituted for national bank >ifcu-
iafson- The Judgment Of the Finances COM
raisaee was land be though. il would be the
judgment Of the Seratel that II the govern
ment issued paper noney il should issue
il on something that was in aud OF itself
eorvertibIe into legal tender money; there
fore the bill proceeded on the idea that
whatever paper money should be issued
should b. issued on silver bullion pur-
chased By the government q the market
price. Why, he asked. had silver bullion
been selected rs basis for that new paper
money! L. vas because the public mind
rested in the belief that sooner or later
silver bullion would be coined and become
. part Of the metallic currency. It WAS on
that basis that he would vote for the bill:
II was on that basis that he was willing the
coinage OF silver dollars as nov provided
for should cease. There we're people who
believed the coined dollars in the treasury
were useless, AMI that il would be wise
public policy TO cease that coin
age. He for one did not
snare that belief He believed that il was
Just IS well to continue coinage to the ut
most limit Of n. 900 00o 4 month, but there
was large public opinion against that view
and therefore he consented that bullion
shoHld be left In the treasury uncoined.
He did that more readily for the reason
that be believed sooner or later the United
States would have to change the number OF
grains Of silver in the dollar. and therefore
the dollars now coined would be recoined.
He was therefore wiling that the bullion
should be in the treasury until IL Was
known whether there would be an inter-
national agreement as 10 the ratio. II was
true the pending bill provided that the
bullion in the treasury should be coined
for redemption of treasury notes. What
ever might be the opinion OF other sen ators
in that respect he did not labor under the
delusion that in the near future, under the
provisions OF the House bill or the Senate
bill. any additional silver dollars would be
issned. There were now more than 800
co., 600 coined dollars in the treas
urv against which silver certificates
had been issued. SO although those dollars
belonged to the holders OF certificates. the
certificates we're rayable for pubI,c dues.
and when they were received into the
treasury they belonged To the government
of the United states. Tins the severn
ment would aivays have 4 working hal
Ance sufficient To redeem those treasurv
notes. He believed the onlv s.fe vav n
rehabilitats silver vss IN secure ! concnr-
rent Agreement AMONG the nat;ors ~h.ra.
by they would omen their mints concnr.
rentiv 10 free coinage Of silver Il an aSrred
rate. So believing. he Vas willing Ia % On
A they we're going on nov With : provi..
ion for the use Of silrrr pending nevo,i..
tons that ought Ia be had for the restora.
tion al silver on some agreed rat. hv tbs
nations Of the World lie .unnorfad tbs
hin On the isfe. thai the yoveynment ~ IN :
limited states voula use Il. rower in an.
deavorine IN secure an Agreement vhershv
All the commercial nations of the World
wosld u<e Silver &c vola -. co-
u.e.a. n. regsraed ~. r.rd;rs
nae.su,s ana ~. ursrir,.v -
vb,ch Il 90. .ucrovsea =. . comrIst~ ;..,;.
ra,,on If the isr;.lst;on ~ 1s-s vh,ch
con,emrl.,ea . mir;mnm month,v coir. !.
~ oU., M .ilv., aalI.r. and . rs.~;,r,5,,
nc az, ooo He for ths hi, ara corr.
rl~,s ,estor.tion ri silver :. one - 81. -; :
,,,.,.,. ~ ,hs worIa .ra -. ,~;,,;,,. :, a.
-h.,.vs- D.. c,,,ld a., - &c - 49,,
ae.ir,hl. oh;ect He could M, va,. ~,
frss co;r.sa :, th;. rim. - =, srv s,v.,. =,
- 1.1s ~ 9 - 1nss
,hs corn ,,ere,.l na,ion. ~ ,hs vc-,a -.
.h.,..aa