The advocate., 1891-01-21

/ FAVthlh ~ 8iAutt thu PAAA-Np "a tMh bVnaol
bill, and AZ the 81 Louis fair last Octo
ber 10000 farmers from ton other stAtel
demonstrated against lir passage.
Senator Cullom presented Agroat mas'
Of remonstFances against the bill.
Seven other United States Senators pro
sented memorials against passage OF the
Congsr bill.
On the discussion Of the silver bin
Senator Allen, OF Warrington, remarked
IbOliovo tho full restoration OF silver
ought 30 como. and inevitably mual
come, and until 10 docs come the intaFven.
Ing period will bo ono OF fluctuations, no.
only In money mediums, but one OF distur.
banc0a la tho,buainoos, industrial and prop.
eFty world, OCohsi0nod by tho constant un-
| settling OF foundations and tho resulting W.
bFatiOns and oscillations OF tho Buporatruo.
ture In resisting overthrow or finding bal
anco,
The ownOrs OF land, Of factories and the
producers OF every GLASS OF property and
wealth are suffering for tho want OF a guR.
ilciont and reliable currency.
Senator Berry OF Arkansas, made d
very intelligent, interesting talk upon the
subject, thus romarklng;
The reduction OF the circulating medium
always works an injustice 90 debtors. 10
reduces tho prices OF all articles OF oOm-
m0rC8, and therefore makes Il more difficult
for them 70 procure tho money 10 discharge
their obligations. For tw0nty years all l0glB-
lation has been Ia tho interest Of creditors,
and II, by tho act OF free coinage, Che debit
or for onoO should DO the gamer, II would
b0 but slow Justice 10 many 10 whom Justice
rarely comes. The junior Senator from
Kansas, said and well said during tho last
session Of Congress chat u was time that
tho people we're having their innings; 90
much injustice has boon done them and 20
many wrongs have bosn poTpotratod In tho
interest OF wealth and capital by the passage
OF unjust ts1 laws, by denionotizOd silver
and contraction OF the Cnrronoy that the
people are In open revolt to-day, and they
have q right 10 bO. Th0y have determined Do
have relief and 6hey are entitled 10 10.
And while 90 not agroO 10 all the Fomo-
dies proposed, oil th0 demands made by
some OF the farmers, such az the sub-treas-
ury scheme and kindred measures, / do
fully agree with thom that silver should bo
restored and The currency increased.
agree with thom thaA the tariff should bo
largely reduced, and articles OF necessity
made 40 free as Gods sunshine, and that an
income TAX should DO imposed.
believe the national banks have boon n
curse 10 the country and the sooner they
disappear the betterj but II any system can
be devised by which legal tender treasury
notes, commonly called grBonbaokg, can bO
substituted for national bank notes. will
gladly vote for H. IL tho outstanding legal
tender notes amounted 20 sGOq,O00OO0 In
stead of 8848, 100000, business would revive
and tho country would be far more prOs-
porous. And why should not the govern
mont furnish the currency direct rather than
confer the power upon national banks2 The
legal tender notes are not presented FOR Ee-
demption because they perform every func-
tiOn OF gold and silver and are the most con-
veniont and most popular With tho people Of
all other kinds OF money. 10 iB q miserable
policy In attempting 10 follow Europe In
making gold the only standard In value.
In the House, Mr.. DOCkery, Of Missouri
rose TO a question Of privilege on q resO-
luton which related TO the averment that
twelve Senators and fifteen Representa-
tives, while the silver bill was pending
before Congress in July, 1890, Jointly re-
allied 100000 Of profits In the ad-
vance Of the price Of silver after the pas
sage Of the said act
This resolution had been for more than
six weeks before the committee on rules
as AqueStiOn oG privilege, and ag It came
up specially through Mr.. DOckeEyln the
House, the discussion thereon was quite
rambling and varied.
The House by vote Of l40 70 80, de-
cided that the resolution Dregented