The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-13
Vim other members Of the committee In re.

with other members OF the, committee In re
porting the BIZ; Under the ,circumsthnces
free e.. vote for any amenlmont that might b.
! offered which might tend to make the bill
be more in consonanco with bis convictions.
MIR. Jones said that, In order that price
| might he kent from falling tho number of do!
lars out should not TO reduced in number TO
! the purchasing pownr OF each dollar dorende,
IN The whole number out. Tho larger thu
number out the greater the value OF each lt
avoid the violent changes. in tho purchasing
! power Of money cnuscd by tho. great abun
dance or scarcity Of it,soclety had f0r3,OOoyenr:
their mutual oscillations ofyied from tho niue;
might sorvo to correct one another. Should
power of Legal tender, all the muney work
Of society would 10 thr9wn on tho Other
S TesS Y2gG Yohd s thFS l from ET"W @
/ loo, flushed with victory, isolated IRON
continental ,poitirs, protected by let
ready TO become tho workshop OF tho world.
Az counties would pour their treasures INTO
ton Of the world. Her moncyed CLASSES, nc,
dcmonett2e ono Of tho metals, 20 that pay
aGlc silver was discardSd But tho next
movement for denomination was an attack
on gold. which Ivy reason OF the Calito! MIA aud
Australian discoveries seemed to promise most
MIR Jones qwolt with emphasis on the fact
that the creditors did not care which metal
was demonetized. provided money was made
scarce and dear. Germany and Austria de-
the co6peration OF England, Germany in IS
elated with her victory over France ana eN
neclinE, to further cripple ,hat country re- re-
vetsed her POLICY. and Joined Eng lnnd in uis-
carding silver, and adopted the gold standard.
!, Mr., Jones characterized IN the sererest terms
tho characterization OF silver by the United
States. We wero debtur nation. he said,
while England, whose example we had COPIED,
s9 70 IN Of ~ b es red
tor classes OF England to make money scarce
and dear; SO that the payment, received on
bic. 1t was also to The advantage q! the credi-
Tor classes IN the Unite States. While p"pl-
SANITY nereasnR i w S1s o Cline "' against
civiizntion to domonetiGe ono OF the money
metals Gold had been SGT up rs tie sole in
country. who were accustomed to doing their
own thinking; ard Ola not rely for that pprGosee
States or England. Ind made ''l nH their minds
that. instead of being an instrument Of valna-
ton gold was nm instrumcn[ Of conilseation1
states could not prevent the crelior classes
Of England from tobbinG and desuoilinG lho
ilindoo. and tho Turk, BUT it surpassed his
COMPREHENSION why an American I onCress in
1873, or at any other time. should assist the
tho American creditor clnsses, also-to rot and
Gespol the debtors among our own people.
The single gold standard men ATTEMPTED TO
nj the debtors. Who were tho debtors in this
country IheY were tho aspiring. the nope
iul. the energetic, the auducious- they were
the up-buiders. the designers. the men of
initiative, Of executive power. andlof achieve
ment. They were the constructive force in
every community AS probably uine-tenths of
the business Of America depended IN one form
or another on credit any system which made
the dollars of II debt more valuable at the date
of payment than at the, date of borrowing was
a certain. period IN the history Of Italy, had
brigands tirove" t he old bltgandage was on
forced by guns and pistols, the modern brig
andago with bonds aud mortgages.
Mr. Jones warmly defended tho silver miners
from the charge Of selfishness in desiring tho
OF silver The silver miners.
he said were ms enduring rs sages rs vigUr-
GUS. rs adventurous as the ArGonauts Of old.
They had wandered over painless mountains.
across trackess wastes and alkaline deserts:
hoy had brnyed tho storms of the Cape and
the miasmi Of the ls'hmus to plant the flag of
2 higher ciyilizG5Ion on the western confines Of
the republic. The silver miners had never
asked any tavors OF tho Government. and they
asked mono now Their calling was an honor
able one and needed no defence. Fhey were as
1raye. unse|flsh., and patriotic a body, of men
rs lived within the boundaries OF the Union.
AT this point, Mt the suggestion Of Mr.. Teller,
Mr. Jones postponed finishing his speech until
O-mOrrOW,