New-York tribune., 1890-07-13
THE DEBATE IN THE HOUSE
THE CONFERENCE REPORT ADOPTED By 10


Washington. July 12.-In the House today Mr..
Congcr of Iowa, called up the conference report on
| tho silver bill lie said that tho bill presented In
the report las all conference bills must be- IN
| tho Of a compromise. IL not just such a
| bill as lie thought Congress ought 10 pass II was
not Just such a bill. perhaps any member OF the
| House would like 20 pass. II he preparing a
! measure 20 state his convictions But II was bill
that would answer the demands Of the country. that
| would answer the demands Of the silver miner.
that would answer the demands Of the sgricultursts
| the aborcrs and the business men OF the country.
The gentleman from Missouri CMr. Bland would tel
the House that the bill demonctiLed silver II dd
nothing Of the kind ON the contrary the whole
tenor of the measure r>mOnetized silver. An adii-
tona circulation had been demanded The bill would
give the country the present price of silver. an
increase Of 900 year II silver went up 10
parity with gold IL would give an increase OF S1O,-
600 900 The last section Of the bill unlocked S7O,
100000 now tied NJ for the redemption OF bank
notes making the total increase Of circulation in tha
neNs twelve months $40 100000.
Mr. Williams. OF Illinois. inquired whether the
gentleman in his calculation did not assume that
silver would reach parity with gold
Mr. Congcr replied that. whether 1t did or not tho
increase would be nearly that amount. At any rate IL
would fall short of that only about Sl3.0000O0 Was
the gentleman from Missouri (Nlr. Bland willing 10
stand here and vote against a measure which would
give the suffering people of the West an additional
circulation Of this large amountf This was Repuo-
ucan measure and every financial measure Of i'm
porancc that had successful I'm this country with
ono solitary exception had been Republican meas
ur, ORepubican applause) The pending measure
had bcen agped upon by Republican votes only "
had been passed In the senate by Republican votes
only IL might pass here by Republican votes only.
II would then 40 where it would be signed by Re-
publcan President and thence II would go 10 coun-
try that would give such a Republican endorsements
that many gentlemen the other side would not he
here 10 vote in the next Congress. The work OF the
House had been moving the country rapidly toward
the establishment OF a parity between silver and
gold When Congress met silver was 93 cents an
ounce Yesterday it sold for 107 IL cents Since It
had been announced that the conference had agreed
upon a bill silver had gone up more than 8 cents an
ounce. ulepublican applauNe)
Mr. Cutcheon, of Michigan, regarded the Conference
bill as vast improvement over the monstrosity sent
here by the Senate which proposed 10 make the Unied
states mins the dumping ground for all the silver Of
the world for the benefit of speculation IL was alss
An Improvement over the bill il originally passed
the House.
Mr. Hermann. Of oregon, said that he favored the
bill Although 1t did not contain the fullest recogni-
ton Of equality Of gold and silver money metals
il was a concession on both sides Of the question. 10
was a long step toward free coinage
Mr. Bland of Missouri. concurred with the gentle
man in hoping that the next House would be free
coinage House. But that House would be composed
II those who advocated free coinage, and who stood
by their coorS 1t would not be composed OF tho
Republican party, which by gag rule had voted
down and stined free coinage He denied that the
bill was the result OF free and fair conference IL
was the result Of secret meetings OF the Republican
conferees. The bill was which practically do
monctized silver. 1t surrendered every principle OF
bimetallism Ii surrendered free coinage. In tho
interest Of Wall Street, 1t departed from the legal
ratio and changed that ratio from sixteen to one
To one TO twenty To change the ratlo Wa
o nile nm so much capital the Treasury at the eA
pense of the people. and in the interest OF wall 'e''
and the bullion owners. u.
IL was true that the measure might make a sinAii -
crease in circulation but ii would make IL D. -
ccsson to the gold standard. and desertloh VI -.
II vas a declaration that Congress would not man
any further fight for bimctallsm. 1t was hciu
silver bill nor greenback bill, but Simply ''A