Evening journal., 1891-01-08
a FREE COINAGE FIGHT.
Statesmen Discuss the Question
in the Senate.
DANIELS ATTACK ON SHERMAN.

He Says the Ohio Senator Is Not at All
consistens in his Argument aIessrs,
Plumb, HIscock, Frye and Teller Taks
Hand in the Debate.
WASHINGTON, Jan. SIN the senate Mr..
Shoup, of Idaho, drew the term ending in
1895 and Mr.. Mcconnell that ending March
next The conference report on the
urgent deficiency bill was agreed to. The
bill for education in Alaska was discussed
but not disposed of. The financial meas
ure was then discussed, Messrs. Daniel,
Plumb and IIiscock speaking at length.
Mr. Stewart stated that today he would
ask that day be fixed for taking a vote
on the bin aud amendments. Mr. Daniel
addressed the senate, declaring himself ia
favor Of the free and unlimited coinage Of
silver.
Alluding to Mr.. Morrill's prophesy Of a
very brief honeymoon between senator's
from the silver states and Democratic SEN
ators, Mr.. Daniel said that il length OF
courtship was any security for the happi-
ness Of marriage, the union which took
place last Wednesday was one that had
been preceded by AS long q courtship as in
the famous Scriptural instance Of Jacob
and Rachael
ingalls, Prediction Verified.
Twelve years ago the senator from Kan.
sas (Mr. Ingalls, had prophesied that the
day was not far distant when the com
munity Of interest between the agricultural
and producing sections Of the south and
west would bring into harmonious rela-
tions those great portions Of the country
in self defense against the aggressions OF
monopoly Mr.. Ingalls, witnessed what he
had predicted twelve yesrs ago-the draw
ing together OF men by that most stable
and permanent tie-the tie Of conviction
and OF patriotism. There never had been
better vote cast in the senate, though
It represented the temper OF the public
mind aud the majority Of the suffrages Of
the people, than that vote In which the
senate declared that it would proceed to
the consideration Of the financial measure.
Senator sherman Criticised.
In criticism OF MIR. Shermsn's speech
Of Monday last, Mr.. Daniel said the senator
from Ohio had told the senate in one
breath that II silver were illimitably
coined there would be more dollars aud
the workingmen and producers would get
more dollars for their labor, and then he
turned round and said that the free coin
age Of silver would contract the currency,
because it would demonetize gold.
Mr.. Daniel asserted that more silver had
always meant more gold. At the time OF
the passage Of the Bland act there had
been less than 500, ,000. 600 Of gold in circu-
lation. Ever since then gold had been in
ereasing just as silver had been increasing.
As 70 Mr.. Sherman's condemnation OF
speculation ia silver bullion, Mr.. Daniel
said there was but one way 10 stop such
speculation, and that was to admit silver
to the royal right Of moneyhood.
No Fear Of silver DeIuge.
He OR. Daniel would ike 10 ask the
senator from Ohio, who was SO very appre-
henslve Of silver deluge, in what centurg
of the worlds history had there ever been
a nation Of men submerged and DESTROYED
bg silver deluge.
The idea Of a silver deluge was a mere
ghost that played across the scene Ifali
the silver in the world were to come 70
America il ought 70 be welcomed, for the
country would then become the greatest.
richest, strongest and most prosperous Of /
any nation in the world Mr. Frye asked /
Ar Daniel i be did not see that the free
coinage OF silver would enable spectators |
10 New York who now held fifteen millions /
Of silver 70 get 81 70 an ounce for il instead
OF flo4 Mr. Daniel admitted that that
was true, and added that then the brood
Of silver spectators would be extermi-
mated.
Senator Plumb Heard.
Mr.. Plumb addressed the senate in sup.
port Of the bill He credited the silver act
last session with having had the effect Of
preventing a universal financial panic Il
had facilitated the purchase OF lOO. .OgO. 900 |
OF American securities that had been sent
back from Europe, and thus the Bank 81
England and the other financial institu-
tions Of Europe had been able TO tide over
the difficulties Of the Barines. Who Oh.
lected 70 congress legislating on the sub |
1ect Of finance; IL was not the merchants
81 the county, not the railroads. not the |
farmers. not the mechanics, not the manu- /
facturers; il Was the handful Of people who |
sat az the seat Of discount
II the people had got to remain at the
mercy ~ this handful Of men the safest
and wisest thing for every man who had
not capital enough 70 carry on his business
was 70 go fishing He was opposed, however.
70 the lrst section Of the bill providing Tor
the purchase Of 100000 Of silver Il
Wonid bear on It's face a disposition to help
a certain class Of people at the expense OF /
the treasury
Senator Hiscock's Opposition.
Mr., Hiscock spoke against the bin. He
believed that more than one-balf OF the
people OF the United States were opposed
70 the opening Of the mints 20 the free
coinage oi silver. In response 70 a uues-
tion from Mr.. Stewart, Mr. Hiscock admit
1ea tnat there was no question as TO
whether The value OF silver would be in
creased by the increased nse OF the metal.
Ar. Teller inquired whether silver III the
Onited States opened its minte to its coin
agel would not be equal 10 value 70 cold.
ar Hlscock replied that so far as the
United States was concerned the omen.
ing Of her mints to silver. with the
great nations OF Europe declining "a ~
operate, would not have the effect TO ad-
vance the price OF silver to a parity with
gold The amendment meant the abso-
inte decentralization OF gold. In thee event
that gold went to a premium would NOT
contraction follow2 He was not one OF
those who believed that wealth was made
by legislation Of this sort or that the conn
try would be richer or more prosperous II
the currency were degraded in order that
tne value OF property should be inflated
Mi telier challenged the production Of
proof OF Hiscock's statement that any of
tne nations Of Europe would send their
silver here.
savfd His Boy but Died Himself.
fifffDURG, Pa, Jan. S-patrick Car.
roll, together with his horse and WAGON
fell over a thirty foot stone wall at Sonth
sixth street. Carroll received injuries