, 1890-06-19
MONDAY.
Cen;inuGiion OF tho Deba.s on chs
siyer.

Con;inueiion Of tho Debass on the
siver.
wAsnInoros, June l6.--In the senate
to-day the house amendments to the
bill to establish the customs collection
district on Puget Sound were non-con -
cured In, and conference asked.
The message from the house, asking
further conference on the antitrust bill
was presented and the request assented
TO. aftct remarks by Messrs. Edmunds
and Vest.
The deficiency appropriation bill was
then reported and passed.
Mr.. Dawes introduced a bill to retire
General Banks; referred to the commit
tee on military affairs.
The house silver bill was then
taken up and Mr.. Daniel resumed tho
speech begun Friday.
In concluding his speech, MIR. Daniel
said that the world moved. and that this
was q land OF progress.
This mad never been better
demonstrated than by the fact
that the great lender OF the republican
financial policy In the United States (al.
ludipe TO Senator Sherman) who had
carried this single gold standard over
two continents. had como forward In his
speech, and lain down at tho ieet of q
double standard, and proclaimed that
he was at least an advocate OF silver
money.
Mr.. AllisonInext addressed the senate.
Ho said that he had voted for the house
bill as amended by the senate finance
committee. as he considered II the wiscst
and best solution of the question. The
question to be considered was what cur
rsncy could be safely substituted
for the national bank circulation.
The Judgment OF the finance commit
tee was--and he thought 1t would be the
judgment of the senato-that II the gov
eminent issued paper money 1t should
issue II on something that was In and of
itself convertible into legal tender
money. Therefore tie bill proceeded on
the idea that whatever paper money
should be issued should be issued on
silver bullion purchased by the govern
mcnt at the market price. Why. he
asked, had sivcr bullion been selected as
the basis for that new paper money? 1t
was because the public mind rested In
the belief that sooner or later that silver
bullion would be coined and become
part of the metallic currency.
1t Was on that basis that he
would vote for the bill. IL was on
that basis that he was willing that
the coinage oi silver dollars as now pro-
vidcd for should cease. There were
people who believed that coined dollars
IN tho treasury were useless, and that IL
would bo n wise. public policy to cease
that coinage. lie tor one did not share
that belief lie believed that It was
just as well to continue them to the ut
most limit of iour null ions month.
but there was large public opinion
against that view, amt, therefore, he con-
sentod that the bullion should he lcit In
tue treasury uncoined. lie did that
more readily for tho reason that lie
believed that sooner or later the
Unltei States would have 10
change the number OF grains Of
silver in dollar. and therefore that the
dollars now coine,i would have TO be re-
coined. lie was. therefore, willing that
the bullion should be IN the treasury
until 1t was known what would be the
International agreement as 10 tho ratio.
II was true that the pending bill pro-
vided that the bullion in the treasury
should be coined for the redemption Of
treasury notes, Whatever might DO the
opinion of other senators In that re-
spect, ho did not labor under the dcln-
sion that in the near future, under the
provisions Ut the house bill or the sen.
ate bili, any additional silver dollars
would ,o issued There were now mon
than DOoOCC0 OF coined dollars in tho
treasury, against which silver ceriiti-
Gates we're 80 issued; so. although these
dollars belonged to the holders of cer,ih'
Gates, the certificates were payable for
pubic dues, and when they were
received Into the treasury they belonged
TO the government a. the United States
so the government would always have d
working balance sufficient tO redeem
those treasury notes. lie believed the
only safe way To rehabilitate silver was TO
secure n concurrent rc-crnient among
the nations, Whereby they would open
their minis concurrentiy TO tho frce
coiraEe Of silver at nm agreed rate. So
believing. lie was willing TO 60 on a.
they were gong on now-terintivcly o.
II were--pending tho regulations that
ought TO 10 had tor the restoration ot
silver OH the same agreed rate by the
nations oi the world. In supporting the
bill, lie supported 1t on tlie basis OF the
klea that the government of the United
States would use its power in endcnv.
oring to secure an agreement whereby all
the commercial rotations would USE silver
rs gold was now used. lie regarded the
PENDING measure and the Unanimous
way Ia which 1t was supported ms com.
plcle justification of the legislation OF
1878 which contemplated a minimum
monthly coinage Of 81, 900. O0O In silver
aud n maximum OF 5000, COO lie was
Tor q full and complete restoration of
silver nx one of the coins OF the world,
and was williugto do what lie could TO
promote that most desirable object. lie
could not vote for the free coinsge OF
silver NJ this time, or at any tiine In the
near future. lie could not DO so until
every effort TO secure the common use
OF silver by the com mcrcal ma.
tionb of the world was exhausted.
Mr. Vest commented upon the re-
marks Of Mr.. Allison as TO the new
oorn zeal OF the democratic senators In
the cause of the free coinase of silver,
a nn made n statement 10 sli ow that this
always had been the democratic policy.
! { the emocratic party bad said nothing
on the silver question In It's platform be.