New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-23
DETAILS OF THE DISCUSSION.
MR.. BLAND OPENS, AND Is FOLLOWED bf
MISsRS WILLIAMS AND HALTER

NR nI,tND OPENS. AND Is FOLLOWED bi
MrSsRS WILLIAMS AND HALTER.
Washington. March 22-Thc silver bill having been
rcod I'm full Mr. Bland took the floor. but was I'M
mcdintcy taken thcrcfrom by Mr. Tracey Oh Nc"
york with point of order that the bill must receive
., ar.t consideration I'm Committee Of the Whole. II
II involved a chargc upon the Treasury. Ii was over
ruled by the Chair.
ON motion Of Mr.. Blnnd n resolution was adopted
,r,vidng for evening sessions tonight and to'norioW
night for general debate the silver BILL
Mr. Bland said that the 1ll proposed that god ara
silver should be coined al the ratio fNcd by the ACT o
la37. which was the rio known IA, 10 TO l. tut
which actunliy waS 1885 to l. u provided that the
owners Of gold bullion and the Owners Of silver o"io
.,ould be entitled 20 have the same coined INTO
standard money at the mnt without limit, or thht
coin pntes should be issued for the bullion nj It's c"'"
,r vaIue That equality should be preserved. II Vas
necessary that silver should nc put on the sane PIc
with regard To- the Issuing Of certificates ~ goa o
no rritcd state, and have certificates issued THIS
BIZ simply aut silver on the sane louhuh'"h WIZ"
gold giving IL the same advantages ana ''
same recognition nothing more ana hothi"S "'s
lie called attention 10 the clause Of the Dill pro'"
ing that no more gold silver certlhca''' N"''i po
j.,ucd but only coin notes; outstanding gou OF sN''
n, h.lng cancelled aS fast rs turned into the
rreosury and their legsl-tender character D'i"g lc
,,ned in the nleanlme. 1h, was proposed he shd'
in order 10 have a uniform metallic circulation. lie
had heard some complaint bccause IL WAS not pToVlueu
that silver must be coined when presented at tc mint
hut coud le kept as bullion lie was "ililnG To
amend that feature Of the bill by providing 'hat s'er
bullion should be coined fast as possible.
Mr. Bland then explained the last section OF "io
IN, o,,dt,g that whenever France opened her minls
, ,ce coinage Of silver at a ratio Of ID IL to the
limited states should adopt that ratio, whch lie Shu'
WIS to allay apprehension. 1t was asserted uat so'
alone wa, sufficient basis. that with bills ol eAo'7o'
uromissory notes, bank checks and BANK accounts wv
could get along on a gold bnsis that TINS system Vi
credit answered the purpose OF money "uu ""'
treated as money lie admitted that to certain cA'
,, ,,cee devices economzcd the use Of money, that
,hcv might po,tponc the payment OF money bu'
crodt money I'm It's last analysis meant money, ana
then there must be money.
To show the inoon nsistcncies Of the argument tina.
undcr free coinage we should be Hooded with EURO
p,an silver he had read that part of the report OF the
minority In which they say the European nations were
an,,oue 10 get on a gold standard and would send
,ho,r oliver here at loss II necessary to get our gold
and also that part Of the report s'auhg that lIcc
coinage would result In our DalHs ioaiu'hs sou'
see the absurdity of the report. he exclaimed II
= IN ercct that 100000 Of silver passing IN
pnrone as money and circulating at par with sof'
viii bc sent here In exchange for our gold and In the
no~. h,.o,h saws that every holder Of gold In this
country will lock IL up. IL the secretary OF the
Treasury paid out the hundred millions In gold hcd
a. redemption reserve Ia payment for silver, he woad
he impeachcd and ought to be. Then how was Europe
going TO get the goa
Tb. whole fight said Mr. Bland, Is between capl'al
which demands Interest and the people who demand
money The action Of the Government OF the United
states ON the silver question had been an Invitation
10 Fprone 10 go upon the gold standard We began
silver decentralization In 1s13 and In all our eior''
4, restor, silver had been defeated by limitations
Tho minority report was an argument for silver.
Its argument thnt we must either gave silver
,res coinage or abandon 1t outright. II free coinage
., s,lver were not adopted this country was pre-
narpe for Its total annihilnton as money.
The restoration Of silver In the Cn''cd
: ates meant Its restoration every""cfe.
when silver was driven out Of circulation gold would
90 with H. II the money Of the world was disrupted
metallic money n thing Of the pas'.
Mr. Williams OF Massachusetts, arose to address t'c
House. and recognized by the Speaker but Aoher
Tovlor OF Illinois ms the leader OF the Republican anu
free coinage men the Coinage Committee SAID nc
thought he was entitled " recognition. because tuo