The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-03-23

ton male BY this bill. Mr. IIingisy said there
was charge devovcd upon the Treasury that
changed for the purchase of silver COINS
Tho Sneaker said he was not so informed. and
2yerruled the point OF order raised by Mr.
f9r members. to extend their, remarks in
discussion. that the Hoo House should take ps
css ; from ) to Z; T. II. today and tomorrow.
Mr.: Taylor tRep.. Il) inquired what arrange
ment had been made as to time.
Mr. Bland az renod That the and the
Mr.. Watson IF. A.. Ga. thought there should
from Missouri would not think the party he
M. Watso On, represented was trying to block
Tsy tooG nsy pnrp pass it
Mr., Bland ttartly)-We are all independent
on this question. lApplause aud cries Of
MIR. BLAND's SPEECH.
.o Without further intsrssuption Mr.; Blandwas
s ns h ssfs Hn hs
tuition. on the resommendatIen Of Hamilton.
jefferson; and the statesmen e. that time.
provided for the coinage without limit Of gold
silver to be coined into dollars halves quarters
Of silver. precisely the dollar in silver which
was . called for n tho present bill. There wa.
January, 1873. when the dollar previously es:
SILVER The &c IT BIZ
vantage O, ali that gold and silver r. as lar as
this equality should be preserved. it was neces-
sary that silver should he put upon the, same
hfs sod Taoe wa nes r as
m"nsy go % hesHf re sasass
provds ed That holders sol Of gold and silver bull.
ion should have right TO- to dcpnsit their
pay for it on the spot. The bullion was depos.
tied and the money turned over to the depos-
to for gold and 81 SSr under the act Of 1874
specify that the bullion should be coined at
any particular time. This was left discretion
But. in reality. it was coined fol. the most part
and the resulting coin kept on deposit to pay
silver bullion could be deposited! in mints and
assay Offices and coin certificates issued for
legal tender for all customs duties and in pay
m"pt of public debts.
put silver on an equality with gold. nothing
more. nothing less. There is a greater neces-
sity for silver to, have this right than gold. 1t
circulation, and that gold is suiricient to supply
the channels Of circI lation of metallic money.
basis for money. and that. under. system Of
credits. bills of exchange, promissory notes.
book o% and %et we could get along
the purposes Of money. and is treated as
money, by the gentlemen, who, oppose this
There IS more money in circulation IN France
IN op we are
in the United States under the. gold standard.
Credit money. as it vas understood: many
his sober senses would say that the amount Of
transactions adjusted in the Clearing House
debts and transfers Of accounts throughout
the whole community would answer tho same
IN 1881. when bill was passed for the re:
funding OF the national debt. the national
banking Institutions surrendered ABOUT $iS-
as Il threat against Congress- and threat
made for the purpose Of inducing veto from
81 Hy aS"S mado
Money was scarce FL over the country; which
ing checks. might cancel million Or
vsnence not %heh debts SIMPLY ae paid CON In
this Clearing House and BANGING sNssoGiatons
price; eomparsi with actual circulation and
= Nj. Bland quoted Cernuschi as saying that
France made great mistake when she linn;
one by GERMANY .o' The
danger. The exigencies had resulted in our
the weath and power Of this country were de;
we sn GeF Walt fv street We're 20 twin brotH
The OF silver here mennt
silver the world over gold itself
was gone. II that day, should come when
sooa E wad Vent WITH it. The money Of the
world would then be disembodied. and METALLIC
Would he hpg 81 r sgce GSd Gna
Of Of civilization s When You severed the igature
between them they were dead. The benefit to
to this country the standard q money none based
and our silver remained here. we still would
hn ~ the same volume OF money although OF
Mr.. bland concluded his speech few min:
as he took his seat. He was followed by Mr..
w rs"o On ehs bill for shs s
MIR. wILLIAMs HEADS THE DEMOCRATIC oPPo-
SITION.
Although entitled to an hour. Mr.. Williams
silver Democrats. He desired truly to repre-
sent tne people OF THO country VINO were III
accord with his people on this question. He
that section which knew no party
when 1t was more question OF patriot
ism ON both sides. Tho man who drew party
lines on this question did not represent
his cause. but only himself or his party. and
not the true interest OF the great American
He addressed himself to the
people. who already knew the meaning Of de-
preciated money. Tn is Silver hi II deliberately
undertook to depreciate the standard Of values.
lie spoke Of n party which during the period
81 resumption. in its platforms and In its legis-
lation never altered its determination to
assist In securing u resumption OF specie pay
Inrnt. ~
Mr.: simpson IF. A.. Kan.,-What party was
that
Mr. Simpson-oh simply wanted to know.
This was national question. Mr.; Williams
continued Considerations which should now
weigh in the Judgment Of men could not weigh
in local conventions and communities. The
errors with which the free coin.
age advocates started out were that Quantity
Of money was essentially more important than
quality. and that money Itself was Of supreme
Importance as compared with credit: These
errors were one and the same In substance.
He then, referred; as an example 81 the
e the Arzo fGnting act passed last Satin I,h
were in themsey yes debate on the question.
interest on Arizona's debt from ten to hve per
cent. ~
Whore would silver go under this bill3 Il
a dAn ~