St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-23

ence shows we would have1 no gold in
circulation after the president signed
free and unlimited coinage bill. An
equally mad proposition never secured
the assent of any legislative body in the
world. and if it passes this house, now
that it provisions are laid bare, it will
be record which will come back to
plague and shame its members down to
the hour when they go into their collins.
Continue this wild craze for free sill
yer. he said, and fair crops in Europe
next year will bankrupt the United
States. Neglect our present great OPP
portunity and who can tell when it
will come again? Let us counsel and
compel wise and prudent action now,
today, instantly and those who come
after us will praise our wisdom and
bless our memories. Neglect this OPP
portunity and the names OF those whose
votes fasten ruin on our land will rot.
General Shots.
After Mr.. Raynor, Democrat. of Mary
land, had denounced the bill as benefit
ing Colorado millionaires, Abner Tay-
lor, of Illinois, took the floor, but yield
ed to Mr.. Tracy. of New York, who
announced to the house amid loud APP
plause the election of Roger @. Mills to
the United States senate. The anti
free coinage men were particularly
enthusiastic in their applause, as they
regard Mr.. Mills as opposed to the
Bland bill.
Mr.. Taylor then offered an amend
ment that all pensions should be paid
in gold. He said that the bill was de-
signed to make 20 cents worth of silver
equal to 81. This would enable the
wealthy class to pay its laborers 20
cents worth of silver for SIS worth Of
toll. The majority report showed con-
clnSively that their purpose was to place
this country OH silver basis and let it
stand side by side with India, Mexico
and China.
Dr.. Hopkins, of Illinois, protested
against the bill as hardship to the la
boring men, and also to the soldiers and
sailors on the pension list. BY this leg
islation the Democratic party in the
house proposed to scale down the pay
ments to pensioners protesting against
this proposed legislation.
Mr.. Compton,, of Maryland, offered an
amendment to the bill to restrict free
coinage of silver to that produced by
mines of the United States-the Amer
lean coinage proposition.
Mr. Epes, of Virginia, a member of
the committee, supported the bill. The
majority had great respect for foreign
governments, but were not willing to
regulate the rights of the people of this
country by rule to be laid down by
Foreigners. lie asserted that there had
been q long series of oppressive finan-
cial acts, of which the worst was the
delnonetiZiDg of silver at the instance of
foreign money lenders and American
milliOnaireS.
Mr.. Crawford, of North Carolina.
spoke in support of the bill. as did also
Mr.. Stevens, of Massachusetts. Demo-
Graf.
Evening Session.
At this point the house took recess
until 7:30, the evening session to be for
debate only on the silver bill. At the
evening session Mr.. O'Donnell. of Mich
igan, opposed the bill. Business inter-
ests regarded it as unsafe, he said. and
fear the result in every way, especially
the contraction in money by the with
drawal of gold. This bill would depre-
ciate our silver money.
Mr.. Weadock Dem.), of Michigan,
followed in favor of the bill, and said
| that international monetary confer
ences had had their day on this ques-
ton. The value of paper money, silver
or gold was its legal tender quality.
| The free coinage men wanted that kind
of money.
Mr.. Bowers. of California. favored the
bill, and Mr.. Covert Dem.). New York,
spoke against the bill on the ground
that its theory was wrong. Mr.. Lewis
Dem.), Mississippi, and Mr.. Post
| (Rep.), Illinois, favored the bill. Free
coinage, they said. would increase the
volume of currency S22,000,OO0 more
| than the present law increased it. 1t
would put a stop to foreigners securing
our silver at less than its coinage value.
At 1890 the house adjourned until to-
morrow.