The daily critic., 1890-07-12
CONFERENCE REPORT DE-
BATED IN THE HOUSE.
THE BILL WILL BE VOTED ON TODAY.
There Is Hardly Any Doubt That the
Measure Will Pass,
BED TBE PRESIDENT WILL NOT VETO IT.
il Does Not Meet His Approval, but H
Lacks Backbone The Caucus Com
mittee Fails to Agree,

In the House to day Mr.. Courer Of
Iowa called up the conference report
on the Silver bill. He said that the
bill presented in the report was IN
the nature Of compromise.
1t was not just such
bill as he thought Congress ought to
pass. 1t was not just such a bill, per
haps, as any member Of the House
would like 10 pass IL he were prepar-
ing a measure to state his con
vietions. But It was bill that
would answer the demand Of the coun-
try-the demands of the silver miner,
the agriculturists, the laborers, and
the business men of the country The
whole tenor of the measure
BEMoNETIzED SILVER.
1t would give an additional circula-
tion Of $50, ,7S0, 900 a year at the present
price Of silver. If silver went up to a
parity with gold II would giRe an
increase Of SIC, 600, 900. The last section
of the bill unlocked $4,000, 900, now
tied up for the redemption of bank
notes, making the total in
crease Of circulation In the next
twelve months $4,000, 900. He
wanted the Democratic party
TO tell the country whether It was un-
willing to refuse TO support n bill that
would give the people this large meas.
ure of relief. This was
A REPUBLICAN MEASURE,
and every financial measure of im.
portance that had been successful In
this country with one solitary excep-
tom had been Republican measure.
The pending measure had been
agreed upon by Republicans
only; it had been passed In
the Senate by Republican votes only;
il might pass here by Republican votes
only. II would then 60 10
where IL would be signed
by Republican President, and
thence II would 60 to a country which
would give such a Republican indorse.
meDt that many gentlemen on the other
side would not be here to vote In the
next Congress
The work Of the House had been
moving the country rapidly towards the
establishment Of parity between silver
and gold. When Congress met silver was
93 cents an ounce; yesterday II sold for
1919 cents. Since II had been an.
nounced that the conference had agreed
upon a bill silver had gone up more
than 3 cents an ounce.
Mr.. Cutcheon Of Michigan regarded
the Conference bill as a vast improve.
ment over the monstroslty sent
here by the Senate. which pro.
posed TO make the United States mints
the dumping ground for all the silver
Of the world for
THE BENEFIT OF sPECULATORs.
II would give the country an additional
currency OF metal and paper for the
uses Of business.
Mr.. Hermann Of Oregon said that he
favored the bill, although II did not
contain the fullest recognition of the
equality of gold and silver as money
metals, was concession on both sides
Of the question. 1t was a victory
for the popular demand. II was
a long step towards free coinage. He
had no doubt that after the fall elections
there would be a stronger representation
here on the line Of the free coinage Of
silver.
Mr.. Bland of Missouri eoncurred
with the gentleman in hoping that the
next House would be
A FREE COINAGE HOUSE.
But the House would be composed of
those who advocated free coinage aud |
who stood by their oolOrs. Ii would |
not be composed of the Republican |
party, which. by gag rule, had |
voted down and stihed free |
coinage IL free coinage came at all Il
would come from that party which had |
stood firm to the flag Of free coinage and /
which had not surrendered its pFinei- /
Piles al the beck Of Wall street. /
lie denied that the bill was the result /
of free and fair conference. !
II was the result # secret /
meetings Of the Republican |
lie was a c .ufeTree; had |
known nothing Of the measure until il /
had been framed aud the report was /
ready to be signed. The
MEMBERS HAD BEEN /
in the preparation Of the bill. /
The bin was one which prae-
ueallY demOnetized silver. Ii was /
a sugar coated quinine pill Ga the /
first reading IL seems that the Secretary /
was 10 purchase $500. 600 ounces every |
month, but when man rolled the pill 1
around in his mouth, he began 10 lash /
the bitterness of. ''oF so much thereof
as may be offered.
a VOTE WILL BE TAKEN TO-DAY
The discussion will continue for four
hours. and at the end of that time a
vote will be taken. There is hardly
any doubt that il viii pass. as every
viii vote for il and prob
ably a few Northern Democrats.
An ABSENT BACEBONE.
The bin as It nov stands does not by
any means meet the approval Of the
President, but he will swallow the dose
and sign il. Benjamin Harrison hasn
The backbone 10 veto a measure which
has the approval Of the party bosses in
lhe two Houses.
IA the senate.
The senate. after routine business
today, resumed consideration Of the