Evening capital journal. (Salem, Or.) 1888-1893, 1890-06-14
NOT FREE COINAGE.
The Caucus Substitute Silver
Bill in the House.
WITH A BULLION REDEMPTION CLAUSE.
The Congressional Record on
the Silver Bill, June 2.
WITH A BULLION REDEMPTION CLAUSE

of the bill, modified his substitute 81
as to provide that treasury notes is
sued in pursuance Of bill shall be le-
gal tender ia payment Of all debts,
public and private, striking out the
following words: Except where
otherwise expressly stipulated in
contract"
Payson said that he realized the
substitute would in substance pass
his body, and ii would be done III
obedience to public sentiment, which
he believed to be universal in favor
# larger use Of silver MS money met.
n,and of further increase of currency
Of the country. 1t the government
used silver at all, it should he used
Is money metal ana not as com
modify. He was OPP Ised to the sub
s;itute because of that, but he ex-
pected to give it his support in this
contingency. He hoped that the OPP
pOi Oibuiliy NOhlh w 1lNCll W sunni
put the bullion redemption feature.
This bill was bound to be considered
It the other end of the capitol. 1t
would be amended there and the
house would have an opportunity t,
vote on the amendments.
Bynum, of Indiana-Suppose it il
not amended?
Payson-From assurances have
rom another place, | have no NOR,
ioubt of that than that am stand
ing here.
Williams, Oi llIinois-Suppost
hey should be controlled as you
are?
Payson-But they cannot be
There is no previous question and
no special order there. Laughter. ]
Referring to the remark made yes
lerday 10y Mr.. Walker, of Massachu
sets, to the effect that in the caucu,
he (Payson) had stated that II,
would support the bill because his
seat would depend upon it, he eX
pressed his regret that the gentle
man had permitted that remark t.
20 into the record. The gentleman
ought to know that he had in tn,
caucus uttered but one opinion in re |
gard to this bill, and that was that
800 out ofevery 1000 Of his constitu
ents were opposed to it, and that i
he should support it as their repre-
sentative it would cost him his seat |
Could the gentleman understand |
the difference between duty and
policy? Applause. He was here
representing constituents who had |
honored him with four successive
elections. He believed rs they be
lieved, in the principles Of the re-.
publican party, and he said in thu
presence of the house and of the
country that 800 caucuses would
never compel him to misrepresenI
the people he represented. Zap
plause.
Payson then proceeded to criticise
the silver policy Of the Hayes, Ar
thur, Cleveland and Harrison ad
by the republican
party, aud said that he had el.-
dOrsed tina. denunciatiou all ovel
Illinois. Nothing he had said af-
torded him more pleasure than the
of Cleveland's admin
istratiOn for its treatment of silver.
He came down to the republican
administration and it was no better
Applause Silver had had no
friend in the treasury department
since the agitation began, and when
he was asked to vote for IA PROPOSE
ton contidiug to the secretary of
the treasury's discretion in the use
Of silver as money metal if this
were the end ofItl he would vote
against 1t. Never had the discre-
tion been conhded to the secretary
Of the treasury of this couRtry,
where it was possible to cvade it,
that II had not been evaded.
Williams, of. Illinois, inquired
whether the present law If fairly eX-
ecuted, was not better than the bill.
Mr.. Payson replied that if the
discretion vested In the secretary of
the treasury had been fairly used
for the past SIX months, let alone
for seven or eight years, no such leg
as tins would be under dis
cussion to-day. lApplause.l The
treasury officials were the friends of
gold and gold alone, No mser ev.
er went clutching for gold with
greater avarice and greed than ev-
cry secretary of the treasury Asan
instance Of the hostility Of the pres
ent secretary To silver Paysou stat
ed that he had received a silver Ger.
tilicate for his pay.
Conger. of Iowa, illustrated the
fact that he had done 50 by produc-
ing several certificates,
Payson, again reverting Ia thu |
bill, said that instead Of beings bill |
for the coinage of silver It was a
measure which practically prohibit. /
ted the coinage OF the standard sill |
Yer dollar. LApplause.
Mutchler of Pennsylvania, was
opposed Ia both the propositions
pehding b'fore the house.
Hatch, OF Missouri, reiterated and
endorsed everything the gentleman
from Illinois had said relative to the