The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-03-23
CONGRESSIONAL PROCEEDINGS.
The Bland Silver Bill Discussed in the
House.

house.
WAsHlNGToN, March 22 2-(Sen.
atp MIR Gallinger. of New Hamp-
hrp, offered a bill appropriating $25,-
900 for the establishment of national
.anitor;um for the treatment of pul. |
nonary diseases. MIR. Turpe, of In
diana, rising to personal mat
trr. denied some charges made
against him in regard to the
confirmation Of Judge Woods
The bill for rounding to settlers in
me vicinity OF forfeited railroads
uants, the extra $l.25 an acre which
had been charged them 10y the gov
ernment because of proximity, was
again taken up, and the bill was
passed by "a yeas to p nays, one
more than a quorum. MIR. Hale, was
he only Republican who voted with
the Democratic Senators in the mega
tive II was stated that the bill
carried 4 refund of about million or
4 million and Il half of dollars.
IIot 81 or REPRESENTATIVES,
At o'clock nearly all the seats
were I'LL 4 and close attention was
pdd Ito the remarks of Mr.. Bland, who
oannod hr debate on the silver bill.
lr Bland rose 10 speak, when Mr..
Ia.v, OF New York, made a point of
or immediately after the bill was
road which, after some discu,sio was
1vrued 10y the Speaker. Mr.. Tay-
Ior, Of Illinois, in charge of the anti
silver Republican side, inquired what
arrangement had been made as to time.
Mr. Band replied that the opponents
ara friends for the motion would di-
yle thc timr equally.
1lr. Bland was recognized and pro
c.yIed with his speech.
IL said The bill proposed to go back
one hundred years. On April 2. 1892,
tbr founders Of .he government. in
pursuance of .he station on the recon-
mendation of Hamilton, Jefferson and
the statesmen Of that time adopted the
joubIe standard. The act then re
ported for the coinage without limit O
gold and silver, in the mints of the
United States silver to be coined int,
dollars, halves, quarters, dimes and hal
dimes, The dollar to consist of 81.
grains Of silver, precisely tn
dollar i'm silver which is called for il
this bill. That :, TEN was continued
until 1873, when tne dollar previousl
established was discontinued. Th
present bill proposed that the gold an
,lver should be in the ratio of siXtee
70 one lt was to the advantage of a
that gold and silver should have equa
ity. In order that this equality shou
be preserved it was necessary that 81
yer should be put upon the same pls
with regard to issuing certificates ;
gold The holder Of bullion was n
required TO wait. He receiv
legal tender monny or 60
certificates from the treasury upon Il
presentation of bullion. The act pr
vided that holders Of gold and siv
bullion should have a right TO depo
their bullion at the mint, and the mi
could pay for i, on the spot. The bu
lion was deposited and the mon
turned over to the depositor for &C
and silver under the act of 1887, ju
as required by this bill. The law
not specify that the bullion should
coined at any particular time. II
was left discretionary to meet the e.
gences OF the government but it 1t ,
was coined Tor the most part a
the resulting coin kept on deposit
pay the bullion as deposited there "
nothing new in this bill in that
gard. Gold ard silver bullion COT
be deposited in mints and assay @
ces and coin certificates issued
their value. These coin certtica
were made legal tender for all custol
duties and in payment of public d
We simply, by this bill, put silver
an equality with gold. There wa
greater necessity for silver to t
right than cold. it is said that we
not need any more money in circ,
ton and that gold is sufficient to S
ply the channels of circi
ton OF a metallic mon
Its also claimed that gold alone i
sufficient basis for money and that
der system OF credits, bills of
change, promissory notes, book
courts, etc, that we could get al
on the gold basis; that this system
swers the purposes OF money an
treated as money by the gentlel
who oppose this bill TO GER
extent these devices cconomiZe me
and might post pone its paym
There was more money in circula
in France than in England or
United States. There was no ne
sity in France for these devices w
were necessary in England and
United States under the
standard. Credit money as it
understood many years ago, gave
to this theory. No mau in his St
senses would say that the amour