The Anaconda standard., 1890-06-07
IN SENATE AND HOUSE
Silver Still Talked About In Both
Wings Of The Capitol.
Both Sides Discuss the Question.
but Neither Of them Have
Vet Got Their Last
Word In.

WASHINGTON, June 6.-The silver de-
bate was resumed this morning. Lind of
Minnesota, the first speaker, said that
silver should be restored ~ its former po-
sition. This was demanded by the great
mass OF American people.
Lacey of Iowa said the country was not
asking for q contraction of the currency.
country an increase and even more: II
was practically a free coinage bill. The
capacity Of the mints was S51 600, 900. The
output of the mints was $J0000,0O. II
there was free coinage for every dollar of
American u,en silver y cIsI TCSd only bs ,s sSS S;
proposed to give &54, ,00O. 900 year of'legal
tender treasury notes. II was a free coin
age measure, because il provided wien
silver was at par the nlints should be
open to free coinage. The country needed
an expansion to the currency In n safe
way and this bill provided for IL.
Walker II Massachusetts spoke against
free coinage. He asserted that the de-
monetization of silver was not the cause
OF the decrease In prices. Prices had
been going down q hundred years. More
money meant more misery.
Perkins OF Kansas remarked I'm that
connection that we all love mysery.
Walker adfled that he was going to vote
for the pending bill because the members
of the house from 1868 up to the present
time had done SO. For the purpose of
getting back here they had urged and en-.
couraged the people in their folly until
they had come to such state OF mind
that something must be done or they
would break their members up. Laugh.
ter. II was pure politics and that was all
there was about IL.
Blount Of Georgia said that continued
silver demonetization had cast a blight
ing curse over everybody except the capi-
ton was the only way to revive not
only the agricultural interests but
every other interest In the country.
| He criticised the treasury bill, declaring
| that il was intended to stop further coin.
| age Of the silver dollar. II was Wall
caucus bill, and advocated free coinage
Mr.. Bland said the bill was a Wall
street and gold bug scheme to change the
ratio between gold and silver. II recog.
nized silver bullion according to its gold
value. Silver was being murdered In the
house of its friends. He especially criti'
cised the bullion redemption clause, ar
guing that il would prevent any appre.
ciable explanation of the currency. II
would hold out temptation To the
secretary of the treasury to make
a million dollars out Of speculation ia
Wall street, Free coinage or silver would
not only appreciate silver bullion, but de
preciate gold bullion and -bsissE -s1les-euv
metals TO parity. The cHovcrnmeutT5 T5us'
either issue fiat money or give unlimited
use to gold and silver.
Kerr, of Iowa. advocated the bill as 9
| long step in the right direction. IL would
result i'm the remonetizati ion of silver and
in the two metals ultimately joining
hands.
| Townsend. of Colorado. said that pros
perity would not return. and the down
ward course of prices would not be ar
rested until silver was returned to IL,
proper place. The only complete ant
perfect remedy was to reverse the action
of 1873 and go back TO the free and un
limited coinage of silver.
Dorsey of Nebraska said il Secretar,
Window had purchased and coined tho
maximum amount OF silver allowed under
the existing laws - 10000 per month
there would have been no need of this dis
ciission and he would have strengthened
the administration of President Harrison
To that section of the substitute which
provided for bullion redemption Dorse.
emphatically objected. Would il not b'
better to convert the 81 l,OO0,UO redemption
fund into the treasury and use II as part O
the circulating medium. and In case TIN
United States notes were presented for re
demptiou, and there was no money Z,
meet the demand to allow the secretar
to sell bonds to meet the demand? Tn
bullion redemption feature should b
stricken out, and he appealed to his sid
of the house To allow vote on the propc
sition.
Mr.. McRae OF Arkansas. Appeared &
the gentlemen on the other side who he
lieved in free coinage To restore silver :
its proper place, not step by step, but a
II was destroyed, in one jump.
| hn nf r IN