New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-15


giving just compensation and equivalents any man IN
this country Or any other country had absolutely
earned a million dollars The people had suddenly
awakened TO the conception OF the fact that the
great bulk Of the property Of the country was passing
into the hands Of those whom The senator rom ONO
called by cuphemism the spectators OF the country
They not of this country alone. They infested
the financial and social system Of every country
They were men Of politics, Of all nauonaIuc' ana
Of no nationality. They had no politics but pIihd'F'
and no principle but the spoatiOn OF the human race
one man In this country the Midas Of the century at
whose touch everything turned to gold, had IN lIetHc
acquired, out Of the aggregate Of the Nations wealth.
earned by the labor Of all, that exceeded The as
sessed value of four Of the smaller states and which
was many times more than the entire wealth Of the
Republic when it founded. This was the INST
terrible commentary ever recorded In the book 0i
time. And Nero fddled while Rome burned. The means
by which these fortunes acquired were cupHc
unsteady denOmnated hnanccring, speculation tbs
process was going with constantly and fnghtiuly
accelcratins rapdity, by means Of combinations. we
were accustomed speak of this the land Of the free
ard the home Of the brave and It would soon be the
home Of the rich and the land Of the slave II was no
wonder the laborinG and agricultural classes OF TINS
country had at last awakened and the spectators must
take warning.
Referring to the late election he said that It was
neither a Republican defeat Democratic victory
1t great uprising independent OF ana superior 10
both political parties 1t was crisis that might be-
come a catastrophe II was peaceful revolution.
He attributed the depression in tine country in great
measure to the decentralization act Of S73. lie did not
claim that that act had been passed raudueny His
only explanation OF It's passage that both houses OF
Congress and the President had been hypnotzed by the
money power.
WHY HE FAvoRS FREE COINAGE
He had not the slightest doubt that great majority
of the people, irrespective OF party, were In favor OF
the free coinage of silver and had been for the last
fifteen years They had been palteed with III dOuh5
sense" and their will had been thwarted, dehed ana
contumeliously trodden under foot Warnings and adj
mOnit0ns had been plenty in this debate but he would
say to those who were arraying themselves against the
deliberately expires Judgment of the American people
he would say the senate, TO the House and TO the
Executive-that there would come time when the
people would not be triiled with this subject some
time the people would elect House Of Representatives
a Senate and President who would carry out party
pledges and execute the popular WILL The political
power Of the Nation had been transferred from inc
circumference to the centre and the people OF that
centre were unanimously demanding free coinage OF
silver 1t was for that that he should cordially
support the amendment OF the senator from Nevada.
In doing 50 he would not only follow the dictates of
his own judgment Out would carry out the wishes OF
the great majority of his constituents irrespective OF
party or political affiliations
Mr. ingalls, referred to the New Testament relation
Of the question put Christ whether 1t was lawful 10
pay tribute to Caesar His calling for the tribute money
and asking whose image and surerscrpon it was ana
Itls reply "Render unto Caesar the things that are
Caesars and to God the things that Gods" llo
held. he said. between his finger and thumb silver
denarius. or penny OF that ancient time, bearing inc
image and superscrpton Of Caesar IT had been money
for more thaG twenty centuries, and would continue 10
be money for twenty centuries more, should II 50 long
resist the corroding canker and the gnawng tooth OF
t1,o take
railroad track and allow the train to pass over IT, its
functions would disappear in moment. ana 1t would
be money longer, because the image ana superscTp
ton would have disappeared. Money was the creation
OF laws and the American people had learned thst
lesson They werc Indifferent to assaults, to argu-
ments and to aspersOns for demanding That the law
Of the United States should put the image and super
scripton of Caesar on silver enough, gold enough and
paper enough TO enable them to transact their affairs
without embarrassment, hndrance, delay or lmpoVer
ishment: and should give them measure OF value
that would not make their earnings and their belongings
the sport aud prey Of spectators.
Mr. ingalls, closed at quarter past H. having spoken
a little over Two hours. As be took his seat he was
heartily appauded as well from the floor as from the
densely crowded galleries
THE UNITED STATES CANNOT DE LEFT OUT.
Mr. Jones OF Nevada then addressed the senate in
support OF Mr. stewards amendment. In far-rca hing
Importance 10 society subject within the scope o
all the arts and sciences could he said excel the sub
ject of money The prophecies OF the gold advocates
as to the evils that wOulc result from silver coinage
had in every instance, proved false prophecies. They
could not therefore, be surprised If on their waving
again the flag which they had already waved so often
the people of the United states declined 10 tighten
brakes while the train Of American progress Wa9
climbing up grade, thereby aiOrding the road agents
of Lombard street. Wall street and Change Alley to
get in their work. on the passengers II was neon
cevaby absurd for people capable Of exercising the
reasoning faculties attempt TO conduct all the enor
mously expanding business Of the civilized world upon
the narrow basis of the so-callcd gold standard
As TO whether gold would be driven ont OF the coun
try by increased silver coinage, MI Jones Sau that
before gold could there would have TO be PROVIDED
first q dollar Of silver for each OF the $6OoooOoOo OF
gold now performing the functions o1 money IN thiS
countrv: second an amount of silver in addition
sufficient 10 cover the decrease IN the volume OF money
caused by the retirement of the large BODY oil DahR
notes still in circulation; and third such iu1hcr anu
considerable amount was necessary to hcep pace
with the wants Of the rapidly increasing population ana
expanding business Of the country. TO Obtain 50
large an amount Of silver would require many years
senators had said that gold was the money Of the
world What they really meant was that 1t was the
money OF Great Britain. II silver as well a eoiu
were made the money Of the United states II would not
he long he could inform Senator'S before other
nations including Great Britain, would be found
referring to "the money Of the world as gold ana
silver instead of gold alone Senators might a. wei
make up their minds that the time was fat approach
ing when the question of the world would be, Nha'
is the money Of the United Statcsl' ana when the
effort of the world would be 10 obtain some OF that
money wherewith to pay the United states for bal
ances of trade which they would owe us. The halt
ing and hestatng monetary policy OF this Govern
ment for some years past well expressed by tho
line Of Emerson: Il am the doubter and the doubt"
to which, in the words Of the supplemental line he
could hear the genius OF this Republic make answer
"Thev reckon i'll who leave me OUT And 50 they
did Mr. Jones thought. The United States could not
he left out" of the worlds estimate. II they were
II would be 20 much the for the countries which
American statesmen and fnancers called tie world
MR.. ALDRICH OFFERS AN AMENDMENT.
AT the close of Mr. Jones's remarks It was stated
by the Vice President that Mr.. Gibson and Mr.. His
cock did not desire 10 address the senate except under