The sun., 1890-06-07

open to free coinage The country needed Al
expansion Of the currency In safe way, ant
Mr.. w Walker SiIRs Iiep., M Mass referred to the ar
Rument that there was business depression
WAS aeo Sot was soasy 6Gt
that justified the statements made In favor o.
free coinaRo-not one. 1t was said that the
on on The II; door who enjoyed burning corn, whsr
the fact was that there never was day since
could pay OF a debt on his farm with as few
days work as he could do to-day. He ASSERT ed
that the demonetisat!on o. silver % was nSt 6S tne
going down for a hundred yearS The de-
monotizatton Of silver had not had the slight;
prices. More money meant moro misery.
Mr. FsTk ins rep. Kan. I'VE all love misery.
Mr. Walker said that money could only be
used in limited amounts sunclenGy WGis
was an Incident TO economics. You might de-
stroy ali tho gold and silver in the world to-
%oTd SE you'd @ S not be be- burt ~ one iSta It was an
absolute disgrace to the House to hear the rot
that was tGlked here, and he had talked some
In the course OF an argument to show that
there was sufficient gold In the world to supply
rnp,ed 6y Mr. Ie Pa1son Of Of Illinois Mr. lie ard Of
Missouri and others. The eporgy, Oh his re re-
nS do In much or Mr. WaEsr and
to the merriment Of the House he d3fIed hie
coat and proceeded with his speech In his spirit
seeVos In conclusion he argued that WIN ln-
proved machinery all products had gone down
In, price more than farm products .,,. .,,
present % con,raction % Of the currency currency was due to
the Demonetiaation act OF 1879 To increase
The volume Of crSuston was the only way bnt rf
every other interest In the country, !.
Mr.; Bland lDem,. Me.l inquired whether It
The speaker replied that it was not; Mr.: Bland
said that he could only protest against the de.
nj nA r "a ae ae smPer q. shs o
Measures. asked whether he would 6e allowed
man replied that 1t would be 80 arranged. He
dd not went TO- charge S any IN S gentlemen T sbn
sSsTe had fSa sS nsssat IN ia fFs
Been s placed upon I tue mi mlpority. Why had this
q bill through the House. the effect OF which was
to dem9netize silver That was the object ,1 OF +
bug scheme. to change the ratio between gold
eording to its gold value. Silver was ls being a
pecially criticised the bullion redemption
clause; arguing that it would prevent any an;
hold out the temptation 10 the Secretary Of the
Treasury to make mllions OF dollars ont OF
pScuiSon in ws street. No Congress bs WaGh
ment would hold out such temptation. The |
rec coinage of silver would not only appre- |
'i8te silver bullion. but would depreciate gold |
bullion and bring the two metals to n parity. |
some men cried out for dear money and cheap
goods 1t was a Wall street cry. and he had
ieard Its echoes on this floor The Govern
nent must either issue fiat money or give
IN limited use to gold and silver.
hr. Kerr Rep, Iowa. advocated the bill as q
ong stop IN the right direction, and thought
Which the Rentlemen on the other side in
ulged. The bill woll ID result in the demone-
i2ation OF silver and in the two metals ulti-
nntely going hand in hand
Mr.. Townsend Rep. Col.) said that the de-
arturo from the bimetallic standard had been
he cause ofuntold misery to the wage workers.
nd benefited only those in the enjoyment OF
Xed incomes yay8hle in gold. Prosperity would
OF return and the downward course OF prices
'ould not be arrested until silver was returned
} It's proper place. The only complete and
erfect remedy was to reverse the action Of
10 and go back to the free and unlimited
oinage Of silver.
Mr.. McRae Dem. Ark appealed to gentle
EN- on the other side, who believed in free
image to restore silver to its proper place.
le JUMP. Referring TO, the attitude OF Presi.
mt Mr. Cleveland was not In accord with the
ntiment OF largo majority Of his party.
any memb bers OF the House found they were
u in accord with the President. and said so.
he Republican party stood by q Dom cratic
resident when he was wrong: 1t stood by a
epubIica President when he was wrong.
The House then took a recess until 8 P. NJ,
% evening session to be for general debate
the Silver bill