The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-03-23
coinage OF silver tho other commercial
nations, too, will solve that question,
LABOR hEIrCrfn.

They arc twin brothers, and when you
sever tho ligature both are dead. Be.
iore gold can leave this country there
must be somo other form OF money to
takc its place. 1t cannot disappear
until some other money takes its place.
Everything will bo cheap. Lot silver
DO coined once and see what the result
Will be then. You bring him to tho
level Of the common people OF thocoun-
try. [ Applausc.l To tho level OF sill.
per, which he ought to be. You may
have topay alittle moro II you have
the Two metals ut par, but lot us re-
member that as rulc when money is
plcntiiEl prices are good. You may
have to> pay little more, but labor,
after allS is tho only money. Wall
street is to-day demonetizing labor and
wheat and cotton. Now tho bill re.
monetizes them all. [Applause.1
Mr.. Bland then explained the last
section OF tho bilTproviding that when.
ever France opened her mints to tho
FREQ coinage Of silver\at ratio of 15l to
ono tho United States should adopt
that ratio. l1o called attention to tho
fact that for 10 years Franco had by her
open mints fixed the price OF both
metals and kept them on an unvarying
parity OF l5l to l. To allay any apprc-
hension that might arise because OF tho
French ratio being 154 10, !, while ours
was IL to l., it was proposed that tho
United States should adopt the ratio oil
l53 to !, Whenever France did so.
WILLIAMS SPEAKS.
At the conclusion OF Mr.. Blaud's>
speech, Mr.. Taylor, of Illinois, OF the
Republican side, objected to Mr.. Will
iams,. the Democratic opponent OF free
coinage, opening the discussion in oppo-
sition to the bill.s
Mr.. Boutellc made similar objection.
Mr.. Williams, in opening, said hc
trusted he would be found to represent
not only the minority OF tho committee,
but "tho majority OF the minority OF
the committee" as we'll.
Mr.. Williams said he believed that an
approaching standard is better than a
fluctuating standard, better than con.
stantly falling standard. 1t had been
argued that as We had tho FREQ coinage
OF silver before 1878 without disastrous
results, why should disaster now follow
this bill? Gold is tho standard of
nearly all the nations OF Europe, and
when We declare for the free coinage Of
silver, where will gold 90? 1t will 90
to premium, and 4 premium upon
gold is discount upon silver, Tho
rest OF the world will fix the deprecia-
tion upon silver according to the mar
kets OF tho world and our standard will
be seventy cents to the dollar. That
means repudiation. 1t means the
throwing of this country into dishon-
est settlement OF every debt contracted
on our present gold basis. [Applause.l
In, concluding Mr.. Williams presented
the substitute bill OF the minority, pro-
viding for. IN. international monetary
conference.
HARTER SPEAKS.
Representative Harter, OF Ohio, also
Democrat, now spoke in opposition to
the bill, and insisted that the Bland bill
instead OF increasing the volume of
money in circulation would in its re-
suits actually decreaseit. Tho minute
the President signed free coinage bill,
instead Of having 81 500, ,000,0 900 in circu-
lation for the use OF tho people we will
have $1,000, 100000, for money will be
deprecated to this extent. Democrats
are opposed to protection, yet many OF
them desired by this bill togivc the sill
yer producer the benefits OF protective
system. ~
Continuing, Mr.. Hartcr said that,
since 1878, VIC have in the eighteen
years minted S729,00O,000 in gold alone,
or on an average Of over S40,000,000 per
per year. Now under the Bland bill.
this would cease and free coinage would
drive out our gold and leave what re-
mained merchandise ms wheat, corn and
cotton are. Unlimited coinage OF gold
and silver on the basis OF 16 per cent OF
silver TO ono OF gold would drive out the
gold because it would under-value it.
Gold sells in all parts OF tho world for
22.S6 times its weight in silver and if
under free coinage we only give it
value OF 1G, all human experience shows
we would have no gold in circulation
after the President signed free and
unlimited coinage bill. This bill is
called free coinage bill. IT, is not
such i'll any proper sense whatever, and
it is pure and simple a bill to compel
the people OF tho United States to buy
the entire product OF most prosperous
and tlourisliing interest, small in the
number OF its members but
very rich in dollars and cents, at n
price which gives them on tho
cost OF production Gf stated in the
language OF ordinary protection) pro-
tcctirc tariff, or bounty, Of over 143 per
cent. [Applause.] Not content with
this enormous burden which the bill
places on over 63, 100000 of our people,
in no way interested as owners OF silver
mines, it proposes to make us tho vr-
tual purchasers OF all the silver pro-
duccd in the world and at 100 cents per
ounce, while much of it costs not over
81 cents per ounce, and great deal OF
| it, after -deducting tho profits on the
lead products, not over 5 to 20 cents an
| ounce.
Mr.. Raynor, Of Maryland, Demo-
crat, said that every dollar OF Eproft,
instead OF going TO the government and
through tho government to the people
as it did now, would 20 deep down into
the pockets OF tho Nevada and Colo.
RADIO miilionaircs. Applause.
Mr.. Abner Taylor, 'oi Illinois, then
took the floor, but yielded to MIR. Ira
cey, OF New York. who announced to
tho house, amid loud applause, the cleo
ton OF Roger Q. Mills to the United
States senate. The anti-frce coinage
men were particularly enthusiastic in
their applause, as they regard Mr.. Mills
rs opposed to the Bland bill.