The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-07-13
LAST OF THE SILVER BILL
THE HOUSE AGREES TO THE CON-
FERENCE REPORT.

u GhN1b
Representative Conger Claims for the
Republicans the Credit of All the
Important Financial Legislation in
the Country's History-The Final
Vote stood 122 Yeas to 90 Nays.
WASHINGTON, July 12.-In the House to-
day Mr.. Conger of Iowa called up the con-
ference report on the silver bill. Mr..
Conger said that the bill presented in the
report was as all conference bills must be,
in the nature of a compromise. 1t was not
just such bill as be thought congress ought
to pass. II was not just such a bill, per-
haps, as any member of the House would
like to pass if be were preparing measure
to suit his convictions, but it was a bill
that would answer the demands of the
country, and that would answer the de-
mands of the silver miners; that would
answer the demands of the agriculturists,
laborers and business men Of the country.
The gentleman from Missouri (Mr. Bland)
would tell the House that the
bill demonetized silver. IL did moth
ing Of the kind; on the contrary,
the whole tenor of the measure remonetized
silver. Additional circulation had been
| demanded. The bill would give the country,
at the price of silver at present. an increase
| of $57, ,7S0, 600 q year. If silver went up to
parity with gold it would give an increase
| of $4,000, 900. The last section Of the bill
| unlocked S70,000,0 600 now tied up for tue
redemption of bank notes, making the total
| increase of the circulation In the next
twelve months sl40,000,000
COUNTING ON PARITY.
Mr.. Williams of Illinois inquired whether
| the gentleman in his calculation did not
assume that silver would reach a parity
with gold.
Mr.. Conger replied that whether it did or
not the increase would be nearly that
amount. At any rate it would fall short of
| that only about Sl3, ,000,0 000 Was the gen
tleman from Missouri (Mr. Bland willing
to stand here and vote against a
measure which would give the
suffering people of the west an
addition al circulation of this large amountl
He wanted the Democratic party to tell the
country whether it was unwilling to refuse
to support bill that would give the people
this large measure of relief.
| A REPUBLICAN MEASURE.
This was a republican measure. and every
financial measure Of Importance that had
been successful in this country
been a republican measure. [Republican
applause The pending measure had
| been agreed upon by the republicans only,
it had been passed in the Senate by repub-
lican votes only, it might pass here by re-
publican votes only. 1t would then 60 TO
where it would be signed by a republican
| President. and then it would GO to the
country, which would give such repub-
lican Endorsement that many gentlemen on
| the other side would not be here to vote
| in the next congress The work
of the House had been NOV
ing the country rapidly toward the
establishment of parity between silver and
| gold. When congress met silver was worth
SO cents an ounce, yesterday it sold for
| 1071a cents. Since it had been announced
that the conference had agreed upon the
bill, silver had gone up more than cents
an ounce LRepublican applause.]
| DEMoNETIzED SILVER.
Mr.. Bland asserted that the bill was one
which practically demonetized silver. 1t
was a sugar-coated quinine pill. On first
reading it seemed that the secretary was to
purchase 4.500, 900 ounces every month, but
when a man rolled the pill around in his
| mouth he began to taste the bitterness
of ''or 80 much there1f as may be offered. "
| There could be traced in this measure a
stealthy Italian hand. The bill surrendered
|
surrendered free coinage. it made a COM
bination with the bullion spectators of
Wall street.
| CHANGES THE RATIO.
In the interest of Wall street it departed
| from the legal ratio and changed that ratio
| from sixteen to one to twenty to one To
change the ratio was to pile up so much
capital in the treasury, at the expense of
| the people and in the interest Of Wall street
and the bullion owners, and he denounced
it as fraud and cheat on the people, who
were demanding a ratio of sixteen to one.
The bill made silver simply commodity, to
be measured by gold, upon which money
shall be issued at its gold value.
THE FOUR HOURS DEBATE
| The four hours debate which followed
was participated in by Messrs Cutcheon,
Sherman, Morrow of California Cannon,
Allen Of Mississippi McRae, Williams of
Illinois, Shively. Peel, Grosvenor. Med
ringhaus, Perkins of Kansas, Townsend
of Colorado, Beckwith, Darlington, Milli-
| ken, Smithsof Illinois, and Dngley. The
four hours allowed for debate having ex-
pired, the previous question was considered
as ordered and a vote was taken upon agree
| ing to the conference report. 1t was agreed
to by a strict party vote of 122 yeas to 80
| nays.
| The silver bill has now passed both houses
| of congress in the Identical terms in which
it came from the conference committee last
| Monday, when it was telegraphed N full.
After being enrolled it will receive the
| signatures of the presiding officers of the
| the two houses and will be sent to the Pres
| ident Monday.
| Without transacting any further business
the House, at o'clock, adjourned.
|