The World. [volume] (Martinsburg, W. Va.) 1891-1896, 1892-02-15
BANDS SILVER BILL
The Committees Report Presented to
the House.
no FEAR OF FOREIGN BULLIoH.

ampIed Prosperity 70 the People
Of our Country and Panics ii the
old World.
WASHINGTON, Feb Is. The report Of
the committee on coinage, weights and
measures ON the Bland free coinage bill
was presented to the house today BY Mr..
Bland. The report was prepared by Mr..
Bland. It is quite voluminous, covering
every phase of the silver question, and
contains many extracts on the subject
from newspapers and public reports.
After reviewing the changes BY the
committee it refers to the allegations
heretofore made that free coinage would
canse shiploads Of silver from other
countries to be brought here and
dumped at our mints, in exchange for
our gold. The shiploads ofsilver brought
to our minis by the foreigner would be
coined into standard dollars. and these
dollars returned to him, but he could
not go to our treasury and demand gold
for them. Nor can he compel one Of
our citizens to swap him a gold dollar
for a silver dollar. If the American cit
izen gives him gold dollar for silver
dollar, that is q voluntary transaction
that no law ought to interfere with.
Should the foreigner take the coin notes
for his bullion instead of coin, the same
thing happens
Would Bencfit Our Industries.
Every shipload of silver thus brought
here and invested in the production of
wealth. would bring unexampled pros
perity to this country and panics in the
old world. The nations of the old world
are aware of this and they would see
that no such thing occurred. They
know the advantage free coinage of sill
yer would give us, hence their uni
form predictions that calamity would be
the result, instead of prosperity. An
extract from the report Of the secretary
of the treasury, Mr.. Window, in 1889, is
submitted as follows: There is, in fact,
no accumulation of silver bullion in the
world. Germany long since disposed of
her stock of melted silver coins, partly
by sale, partly by recoinage into her
own new subsidiary coins, and partly in
coming for Egypt. Only recently it be
came necessary to purchase silver for
the Egyptian coinage executed at Ber-
lin"
No Fear OF GIut.
ct is plain, then, the report con-
tinues, that there is no danger that the
silver product of past years will be
poured into our mints. unless new steps
be taken for demonstration, and from
this improbable contingency ample safe
guards can be provided. There is much
less reason for shipping coin to this
country than bullion, for while the lead
ing nations Of Europe have discontinued
the coinage of full legal tender silver
pieces, they have provided by law for
maintaining their existing stock of silver
coins at par. The truth is that the con-
spiracy formed in the old world, planned
and successfully carried through there
and here, was aimed to confine the debt
paying medium of the nations concerned
to this single metal, gold. For this pur-
pose par OF centuries was broken, gold
decreased to rapidly rise in value, thus
adding 30 per cent. to the value of
credits enriching creditors, public and
private, at the expense of debtors and
taxpayers, enormously depressing the
value of labor ahd the products of labor,
as compared to notes, bonds and mort
cages.
CONGRESSIONAL FORECAST.
Subjects That viii Occupy the At
tention of National Solons.
WASHINGTON, Feb. 10 The senate
viii still have the printing bill before it
as the unfinished business during the
coming week, with the Paddock pure
food bill as the special order to follow.
Several senator's have resolutions on the
table subject tocall, which may be taken
up during the morning hour for the pur-
pose of submitting few remarks.
Amongst these is that of Mr.. Palmer, Of
Illinois, a resolution providing for the
election of United States senators by the
people, and that of Mr.. Call, of Florida,
. resolution Of investigation into the al
legged attempts of railroad corporations
and their foreign bondholders to i'm
properly influence the choice of q sena-
tor by the legislature Of Floridain 1891.
The Dubois Claggett contested election
from Idaho has not been disposed Of.
The military academy bill, the first APP
prlatlon bill OF the season, is ready to be
reported to the senate for its action, and
It may come up at any time.
NosprOgramme of business for the
49, A--.-,
Measures reported from the committees
on Judiciary win receive consideration
during the early part of the week, and
the Indian appropriation bill win proba-
bly, be disposed Of The Craig-Stewart
election case has been disposed Of by the
committee on elections, and, being privi-
legged measure, may be called up at any
time.
Future or Silver Coinage.
The word free coinage of silver send
. thrill Of terror to the promoters 81
this conspiracy and the beneficiaries.
They know fully well that when this
great government thus throws its weight
in the silver balance, the world viii
again be restored to implicit faith and
confidence in the future sale OF silver as
money of tho world. The greatest
people and the greatest metallic power
IN the world can never again be dis
tnrbed The conspiracy would be ex-
posed and defeated. It is this phase 81
the issue they fear.