The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1892-06-21
SILVER DISCUSSED AGAIN.


gan Makes Speech in It's Favor.
Washington, June 15.-The bill to provide
for the free coinage of gold and silver was
taken up IN the senate Mr.. Palmer smoved
to strike out all of the bill except the first
section which fixes the standard Of gold and
silver dollars, make these coins legal tender
and permits the owners of silver or gold bull
lion to have it minted for their benefit and
without charge.
of the bill. The silver plank in the Nlinneap-
oils republican platform was, he said, a step
to the front in the way of the restoration of
silver as money metal. 1t was still timid
and irresolute and dealt in equiyocal phraFes.
But it seemed to cut loose forever from the
single gold standard OF the senator from Ohio,
and to demand the use of both gold and silver
as standard money. The people had the right
however, to expect that the democracy would,
In Chicago step to the front and demand
not only standard silver money equal with
gold, but that silver should have the right of
free coinage. If such declaration were sup
pressed at any mans bidding, that man would
be, i'll turn, suppressed at the bidding OF the
people. Referring to the proposition for an
Morgan sd haf he dd not aach much
Importance to it. There had been already
three such CONFERENCE.-THE, 1877 and 1881,
and he was hopeless of any good result TO
come from new effort In that direction MS
chief purpose today was to show the lmpos-
sih.lity of the recovery by the United states
from It's financial condition by a resort
to an international conference and agreement
Mr.. Palmer explained why he had offered
vada and Alabama, (Messrs. Stewart to Nor
gam that free coinage of silver at the present
ratio would, of itself, establish a parity pc
tween the two metals. If that were So he
felt surprised that the bill should contain any
thing else than the first section. The gentle
man had said that more free coinage OF S-
yer would accomplish what they All Desired
the establishment of a parity between the w.
metals. He wanted to know whether they
sincere III that or not: whether it was
necessary. according to their view, Tor the
United States to become the purchaser of all
a hIf ion u.
was one thing to favor free coinage or SILVER
mt the present ratio; and 1t was another tiihS
to compel the government OF the Lhited
States to become the holder of silver bullion
and to Take all the bullion that might ne OIL
fered. He could see how, by that, Il deht or
u most startling amount could be accunt-
lated Mr.. Palmer's argument was that the
terms of the bill providing that the bullion
acquired by the government should be sub
scqucntly' coined, did not provide for coin
age at all that subsequently, meant any
To this Mr.. Morgan suggested that tho bill
might be changed {? read subsequently, or
immediately coined"
Mr.. Stewart spoke to Mr. Palmcr's amend
ment lie declared that there was no provision
in the bill for the purchase Of silver bullion.
He rcpudiated that. If silver was not to he a
| money metal it had no business al all in the
and redeemed, the government might just as
well buy pork or iron and redeem it.
The first section of the bin, Mr. Stewart
gress would pass the bin with That one sec
zion. II would bring joy to the hearts Of the
American people. lie would be satisfied with
$50 would l." said Mr. Morgan.
"The other sections" Mr.. stewart contin-
ucd. were merely for convenience"
After a brief free silver speech by Mr.. Cock
rell, without action on the bill or on Mr.. Pal
meer's amendment, the senate, Mt 4:io O'Clock,
adjourned