Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-05-19
HOUSE TARIFF TALK.
A CALM AFTER THE STORM.
Mr.. Wilson and Mr.. Bayne Bury the
Hatchet and All is Serene.
SILVER BILL IN THE SENATE.
= SENATE.

In presenting remonstrance against the Nc
Kinley bill Mr.. Dawes said that it came from
constituents and neighbors of his who were
jobbers and retailers of domestic and foreign
dry goods. The petition. he said. was printed
paper, having common origin with many
others which he had received What that origin
was he did not know. but it appeared to him
that his constituents were made the voice of
some central influence that spoke through
them. Their business was just as pectable
as that of the producer and consumer. but the
producers and consumers were much the larger
class In this country. His own opinion was
that the petitioners were entitled to protection
as well as the consumers and producers-that
they were entitled to have their fair chances
So far as the Mckinley bill vas concerned. if
1t should be found to impose anything else
than exactly an equalization of conditions of
point that he would be able to sup
port. Long since those opinions of
his had been on record. The petitioners (his
constituency as well as the producers and con-
sumers were entitled to exactly the same fair
start In the American market and should be-
according to his best efforts. put upon an equal
ization Of conditions. He hoped he would not
be asked either to promote or to oppose the
Mckinley bill.
THE NAVAL APPROPRIATION BILL
Mr.. Hale, from the committee on appropria-
tions, reported back the annual naval appro-
priation bill and gave notice that he would ask
the Senate to take it up at early day.
MR.. DoLPH on THE SILVER BILL.
The silver bill was taken up at 1910 and Mr.
Dolph addressed the Senate. He stated that
he was not in accord with some of his COL
leagues from the west.
He thought that international bi-metalism
was desirable. SO far as he knew there was
not member of the Senate who was not in
favor of both gold and silver as money and
who WAS not in favor of any measure that
would, while securing sound and good cir
culatlon, enhance the price of silver
bullion. In considering the various plans
proposed he was satisfied that the plan pro-
posed by the Secretary of the Treasury was
open to less and to fewer objections than any
of the others If the purpose was to keep both
gold and silver coin in circulation.
HE ARGUED AGAINST THE FREE COINAGE
of silver as something that would stop the coin
age of gold, because no man. he said. would
was worth 100 cents on the dollar if he could
do as well with that which was worth only 81
cents on the dollar
Mr.. Teller asked him where silver bullion
would be got at such low price.
Mr.. Dolph replied that if legislation was to
advance the price of silver permanently. silver
would flow Ill from all over the world. But
the free coinage of silver would not, he argued,
Increase the price OF silver. The
s5OOOOO00O of gold now in circulation would
either go abroad to pay trade balances or to
pay for silver bullion. would be withdrawn
from circulation and boarded The
DIsAPPEARANCE OF GOLD
would be more rapid that the accumulation of
silver, and the contraction would cause a vio-
lent agitation. What he had said in regard to
the free coinage of silver did
not of course, apply to free coinage
under an international agreement and estab-
fishing ratio between gold and silver There
never had been an hour when the United States
government had not favored bi-metalsm. But
national bi-metallism impracticabe, and
the only way to secure both metals as coin was
to have
AN INTERNATIONAL AGREEMINT
with the principal countries of Europe for the
establishment of such an international ratio as
would secure the free coinage of both metals
in the mlnts of those countries and of the
United States. But il was not possible for the
United States alone to control by legislation
the relative value of gold and silver.
There was no middle ground for the
United States to stand upon in the de-
mOnetiZation of silver. 1t was either to re-
main with the countries that had a gold stand
ard or join with those that had silver standard