The Indianapolis journal., 1892-03-24

provided for the deposit OF any amount of
tobacco By any person and the issue OF to-
bacco notes" therefor. 10 be accepted as
legal tender. and receivable for the debts
aud dues of the government. The bill of
to-day provides for the deposit of silver
bullion. whether owned by an inhabitant
of England. Africa or America, and the
issue therefor OF coin notes as legal tender.
receivable for the debts and dues of the
government. tLaughter.l This bill is not
n bill for the free and unlimited coinage of
silver. but a bill for the unlimited pur-
chase of silver bullion. There were nine
bills before the committee to provide for
free coinage, but they were ali laid aside
and this bill reported in their stead. The
effect of this bill 10y repeating the act of
two years ago. the act of 1890. would be to
restore the act OF 1873.
Does the gentleman take the position"
inquired Dir. Bland. that 20 repeal the act
OF July 2. 1880. would revive The force of
the previous act thereby repealedp
'1es. sir"
That is a position contrary to oil the
principles Of law that / ever heard Of"
said Mr. Bland. The act of 1890 repeals
portion of the act of 1878. Now. this bill.
In repeating the act of 1890. does not restore
the act of 1913 at all"
Mr.. Stone persisted that Mr.. Bland was
wrong. and that the passage of the pending
bill would be to revive the act of 1878. pro-
vidiDg merely for the compulsory coinage
of e, Cox, 600 per month.
JERRY SIMPSON IB ANGRY.
At the conclusion of Mr.. Stones remarks,
Mr.. Bland asked consent that the debate
on the free silver bill. which expires to-
morrow night, be extended till Friday
afternoon at i o'clock, but Mr.. Simpson of
Kansas objected on account of the failure
of the friends of the bill TO make any allot-
ment of time to the Representatives of the
Peoples party.
~
MIR. Brawley of South Carolina, two Demo-
Gratis, then spoke In opposition TO the bill.
Mr.. Lynch of Wisconsin opposed the meas
ure, declaring that it's chief aim was to
make something out of nothing; its chief
purpose to make 20 cents worth 100 cents.
Mr.. Stout of Michigan also raised his voice
IL opposition and argued in favor of an
honest dollar which would be worth 100
cents. Mr.. Fitch OF New York, Demo-
crat. earnestly opposed the passage of the
bill.
Mr.. McKeighan of Nebraska, one of the
Peoples party Representatives, and q men,
Der OF the Coinage committee, said that be-
fore entering upon any affirmative discus
minority report. which had about il the
perfume of the banking-house. That re-
port had In it no suggestion with reference
TO the men who felled the forests. broke
the ground, delved in the mines. or sowed
or reaped. 1t was impossible to gather
from that report the idea that money had
any necessary relation to the products of
the soil. The report was begOtten of
avarice, and Its fruItion was the spoliation
of industry. 1t must be a case of wIllful
prevarication, he said, for any one to
claim that creditors had any right to ex-
pect payment In any except the least val
liable money. The cry about q seventy
cent dollar was deliberate attempt to
suborn the public conscience. The standard
silver dollar was of 100 cents and the clap
trap about a 70-cent dollar was simply an
assault upon the dictionary.
They forgot to ment ntion that the true test
of the excellence and honesty OF money
was It's working as an instrument tor tho
exchange or goods. Free coinage would
wipe out the disparity between the coin
and bullion value of the dollar and cur
silver dollar all over the world will be of
the same value as the metal in il. A rev
condition would arise. What the value Of
the dollar would be as expressed In gold
may be another question. Competent
students insisted IL would restore tie old
ratio between gold and silver bullion of 10
TO and the arguments of those who In
sisted to the contrary was inconsistent.
CLAIMS TO SPEAK FOR SOLDIERS.
The gentleman from Ohio Mr.. Harterl
had sent out notices to Grand Army posts.
asking them to protest against the passage
of the bill He had been an old soldier.
and he could not forget that he had en-
listed in the army of the United States
: when gold and silver were the only legal
tender currency. Applause He had re-
ceived deprecated paper. and had ne s er
heard a howl from the fellows who repre-
seated the banking interests of the coun-
try. This duplIcity dId not fool the old
soldiers. Applause. When "A boy he had
always liked TO 20 TO the circus. and he
rememD Dered how the clown went around
selling song books ''for the benefit of the
widow and the orphan" But the clown
had always had the honesty to say at the
end: Il am the widow and the orphan"
[Laughter.l These special pleaders for his
IMcKeighan'sl interests availed themselves
OF all the antics OF the clown. but lacked
his honesty. Laughter ana applause. !
The soldier of the Union army
had never fought for money. They
had fought TO preserve the Union of the
States and to perpetuate the republican
form of government. The people that he
lMcKeighan represented were not An
archists; They were not opposed TO the
accumulation of wealth, but they believed
that wealth-disJribution. if permitted to
follow natural laws. would be proportioned
to the skill. economy and labor employ ed.
That man must be blind who did not see
that wealth was becoming a great political
power in this country. The people were
organized and would never cease this agita-
would bow IN obedience to just laws.
When that day came the people would be
sovereigns. Long live the sovereign"
Applause.
Mr.. Bushnell of Wisconsin spoke in favor
of q proposed amendment, providing that
hereafter the silver dollar shall contain
one ounce troy of pure silver. After a
speech by Mr.. Perkins of Iowa in opposi-
tion TO the bill the House took recess un-
rill T.20