The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-03-25
Mr.. BYNUMFOR SPEAKER
Judge Holman Regards His
Chances Excellent.
The Logical Choice of the
Democratic Party.
A Tariff Bill to Go to the Senate
Next February.
Free Coinage OF Silver to Come
Very Soon After.
The Last the Most Extravagant Con-
gress in History.
The Last the Most Extravagant Con-
gress in History.
BUREAU OF THE SENTINEL. |
No. 1927 FIST, N. W.,
n

1
No. 1927 FIST, N. W.,
WASHINGTON. ID. G.. March 16.
Judge Holman has, since he first en-
tered public life, been an interesting char
acter and will probably be one of the
most conspicuous men in the next con-
gress. AS the great champion OF extreme
economy in public expenditures, his policy
comes in sharp contrast with that OF the
congress just passed out of existence, and
in the Inauguration of a new reform Of
expenditures he will naturally come for
ward again as public advocate of re-
trenchment and reform. He is one
OF the most interesting takers
in congress, but unfortunately his
remarks are seldom heard in the galleries
when he makes speech on the floor OF
the house. because of the peculiar quail
ties of his voice and his indistinct enuncia-
ton.
Today SENTINEL representative talked
with the Judge, and the conversation
drifted on to matters relating to the Fifty
first congress.
"What do you think OF this congress?"
asked.
at was the worst in the history OF the
country" was the prompt reply.
"Ges mean it. Ii was bad in its
methods and in all its surroundings, and,
worst OF all, ithas made precedent which
will likely have bad influence upon the
country for all time. 1t has raised the
standard by which extravaganza will be
judged in the future and rendered greater
extravaganza liable. The individual MEM
bers OF the house were dwarfed, and bad
influence dominated. There were some
very warm admirers OF Mr.. Reed who
gathered around him, but with
Keller, l think there has never
been a speaker before who has made 80
many enemies among the members of his
own party as Mr.. Reed. Some of them
have talked to me about the way in which
members were dwarfed by the peculiar
methods which were in practice. These
methods, the utter disregard OF members
and the unprecedented extravaganza of
the congress, will furnish anevil precedent
for the future, and the trouble is that the
very worst presidents are often followed,
especially when it comes to the expendi-
ture of the public money. The
Forty-fourth congress cut under the APP
preparations of the Forty-third some S64,-
100000 but the entire "extravagant" APP
preparations of the Forty-third congress did
not amount to nearly as much as the ap-
preparations made at the first session only
of this congress, which were considerably
less than those for this session just
closed"
"What do you think will be done about
the tariff in the next congress" was
asked.
Before the first of FEBRUARY the house
will send tariff bill 10 the senate. 1t will
be bill making moderate reduction OF
duties on lines compliant with the de-
mands of the people and very considerably
increasing the size of the free list"
"And as TO silver?"
al believe the next congress will pass a
free coinage act. There is a question
about the propriety of giving the benefit
of the difference between the coin value
and the market value of silver TO the few
holders of the bullion instead of letting it
go to the whole people. i think the gov
eminent should get this seignorage. The
whole people should get the benefit of the
increased value of the metal by reason of
its merely having the stamp of the gov
eminent upon it. /, therefore, favor
proposition for the government to
receive both gold and silve
at their respective market values
and make them into coins of certain
standard weights. would have the coin
age of both alike unlimited. The two
metals do not always retain the same re-
lation toward each other, nor is the gold
dollar always the more valuable. They
sometimes change places, their relations
being regulated by the supply of each
metal and by the amount OF each used in
the arts. AS we know, the silver dollar
has been more valuable than the gold, and
They are liable to change from
time to time, if the free coinage
of both is provided for under the same
conditions. I.lrefer to the market value
OF the metal itself. But there will always
be seignorage to the government from
one metal to the other, as they will not
remain Of exactly equal value. That this
difference of the market value and the
coin value of whichever metal happens to
be cheapest with relation to the standard
ratio) may 20 to the government, / favor
the govern y ent purchasing the metals at
their market value and issuing the
coin in return. but il it is pro-
Losed to make gold the standard
and to apply this method of purchase to
silver only, then in preference to that
should fav the unlimited coinage of sill
yer, do. ar for the requisite number of
grains, letting the holder of the silver get
the benefit OF the difference between the
market and the coin value. / think that
by one plan or by the other the unlimited
coinage of silver will be authorized at the
next congress"
When asked his opinion regarding the
contest for the spcakership Of the next
house Mr.. Holman said:
"Messrs. Mills and Crisp will no doubt
enter the race with the Endorsement of
large number oil the MEMBERSHIPS 10 the
next house, but believe that the sober
second thought that 10 sure to come to the
members during the long recess will Be