The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1892-02-15
Arguments Of the Committeeman Who
Believe in Bland.
RECENT REFLECTIONS ON GEN
ALGER,S RECORD REFUTED.

port FavOring Free S1lver-Statement
of the Surgeon Who Ordered Gen.
A1ger to the Hospital-House Passes
the National Bank Law.
WASHINGTON, February 14.-The re-
port of the majority of the committee on
coinage, weights and measures, recon-
mending the passage of the Bland free
coinage bill, will be presented to the
House tomorrow by Mr.. Bland. The re-
port discusses the various objections
made against free coinage, showing
where, in the opinion of the majority,
those objections are ill-founded, and how
the free coinage of silver would greatly
benefit this country. After explaining
the provisions of the bill, the report re-
fers to the warning that free coinage
would cause shiploads of silver from
other countries to be brought here and
dumped at our mints in exchange for our
gold. The report declares that shiploads
of silver brought to our mints by for
eigner would, under the proposed law,
be coined into standard dollars and these
dollars returned to him, but he must not
go to our treasury and demand gold for
them. Nor could he compel one of our
citizens to
Swap Him Gold Dollar
for silver dollar. Should the foreigner
take coin notes for his bullion, he could
4o1 l.. 10 bn fraa and
demand its redemption, but the Secre-
tary of the Treasury could hand him
back the coin struck from his shipload of
bullion. The foreigner then would as
certain that he had committed the blum
der of bringing silver to our mints when
it was worth three cents on dollar less
than it.was at home. He could not buy
gold with his money OF gold ex-
cl laage, unless gold and silver
were at par. In this case, there
could be no reason for ',referring one
metal to the other. If gold went to a
premium, he would have to pay the pre-,
MUM on his exchange, thus entailing adj
ditional loss in the enterprise of sending
us shiploads of silver. If he invested
his money in our property and
business enterprises, it would stimulate
industries, awaken enterprise, and give
us healthy business and sound currency.
Every shipload of silver brought here
and INFESTED would bring unexampled
prosperity to this country while
Panics Would Occur
in the Old World, and business there
would be paralyzed for want of money.
This would force shiploads of people to
come to this country from abroad in
search of their lost shiploads of money.
The nations of the Old World were
aware of this and would see to it that no
such thing occurred.
The report quotes from Secretary Win
dom's report for 1889, in which he took
the position that no danger need be APP
pretended of flood of European silver
The secretary said there was no known
accumulation of silver bullion anywhere
in the world, and the stock of silver coin
in Europe was needed for business pur-
poses. The majority report asserts that
A Conspiracy, Formed in the Old World,
has been successfully carried through
there and here, and was aimed to confne
the best paying mediums of the nations
concerned to the single metal, gold.
Gold was decreed to rapidly rise in value
thus adding so per cent to the value of
credits and enormously depressing the
value of labor and the products of labor.
The promoters of this conspiracy and it's
beneficiaries, says the report, knew that
when this government threw it's weight
in the silver balance, the world would
again be restored to its full faith and
confidence in the future safety of silver
as the money of the world, and the par
ity of the two metals would return.