Daily Yellowstone journal., 1892-03-24
TIE BAT TILE BEGUN.
Debate on the Free Coinape
ELL Olr:nesI by Mr..
Blanc. 49,. -:

f. VII -:*: ~~*< = *.~.:.
! Nor'H~ >>|'1,1e 1nt%re<t in tie
!; ::= t***:e4>u*e *:sStts'wn b. the Pies
! r." III. cnce e"of Foreign Dir1orr1 2t*.> t. .
'W'A*lt1StaroS, :<tttrft: * .trttt, III
{Heratttt.*tt* t1f":ttta rlf:y t:tttt.l t=t1s.
! + tt.>* ,lstItt III tt,t liauet. r+Itr iii. Il.
tatlVta \ fn-A and fff;Et. It iuft it:trlfy1r.
I'tis 20 h:ttu LII ~ af:tnH Hi4utt~. 4'.lulr
tt'hat ..'lHllti # tltt: committees fii colin
| a*e, ~:+i&ht.:* :TTu ttltn urt+v, ~ th..
| Au@ltur nf thu bin uI1on whiuh the wi.
VT battle III th h. WHgttt, nptllttl the
ai>f'''~eioti til ht*tlntf nt the> f=e. >In~
'.pe r*npEr, nhA K"sfe.entnti*r W1i-
| II t''.s u: N4-*ae su4tttr, hn nnti~frt4.
co't1aGe sienlrtfat, nadt the tpelling
~lncs:1 tt, hppo-,tiuu to thr bill,
For three days tl,e mir has teen full
"f run4"r- Of tilDustt ttrsng d.. +.igus nu
the put Ut the auti.tree coinage peo
lle to opl"'re vote on tbs bill, but If
such de.ign. exi~t they ure evidently
not 10 he carried into execution until
after the three days debate aud when
the hour tor Ii tlnal vote arrives. The
galleries were crowded when ut l2:::O,
the frte coinage bill was called ur uu-
DIR the resolution Of The committee IN
ru'ts aud liz reading requested by
Chairman Blnnd. Even the foreign
diploma s, who are usually the last to
display all Interest in the proceetli ,ga
0t Congress, wtre Du baud in consider.
hb!e numher-, nud thei. presence in
the diplomatic gallery ntte.teu that
tile silver question ID Indeed nt1e uf
world wide interest. Mr.. Tracey Ut
New York, ut hnet rAi.ed II luiut nj
order hxaln~t 4he bilt being cnu4td-r It
III III. Whole Huu~t, holding tint ~
tt1r Preparation 1T tuiu notes bv thu
'te*~ury '>r Tie tx change nf t,ili,n
Involved Expenditures l,y tht tleA--
4ify, tins bal, 'ist appropriation bills,
st1'hIl1 l'r tus 5>:t'tr+u il. tt*t eotnutit-
!ee Ut tt't ~lluit.. The -pt,tSrr, how
tver,: htlt, that ts .tnt bill ni.lnus ,nake
il @1,ec1|lH aI,pr** ptiAtl,n, IT. .hnujd ,l,t
10 n:}slridntea 'lI 1i1e committee Of The.
white. MID air: Trncey u..qui~<rtd IA
the tlecls',1t of he CHAIR. L.. III: ~.
"lhl> bllE," .a,d Mr.. Band, in q, en-
ing the dl~tusston. "pror w. tn 10
b4ek ITO Years III HE ,uatt+r of cnln.
nte, hen + he Wis founders of tbis
government .ptnvitlrd that 4j1v,r
sh:.u|d ir cnined ,he <n'ue ~ gold, und
sin uI:l hHvethe >al1ia advantages aud
tn" +u1.n' ttenkt,l'ttn. 49,. i. :: =:
Mr.. Baud here sent t, The ctt rkt4
dt~k ii LATER f:om hu DIRECTOR 1T the
Mint, dated Martt! u, 1SO3, stating
that th- Gust TT coiuing silver would
hl'nut l.! cents per dollar. aud that
Hj,U00, ONO in round nutnbtrs could t,e
co'ned every year.
Continuing Mr.. bland stated that
while This iii placed g'lt and silver
on an equality In the Matter of the
ISSUE OF coin notes. 1T also maintained
that equality Ivy providing that tue
government should he free to eedeem
them tn either told or silver ali 1t
might prefer. tn the course OF hia
argument Bland stated that he had
agreed to aud would Introduce ut
the proper time. an amendment prc>
viding that coin notes shall be Issued
a. rapidly as the minis found 1t prac-
tlcabIe to coin the bullion.
1n arguing for greater volume of
money, Mr.. Bland Asid that he would
admit that the refined system of cred
its which has grown up In the country
does, to = certain extent, economize
the USE Of money, but the day of pay~
ment of tn ~ obliKattt ns always came
aud then we must have money. In
1851, when we had passed a till for
refunding the national debt, the ma.
tional banks of the United States sur.
rendered SIS .000, 900 into the treasury
us A threat made for the purpose of in-
dueiDg veto from the Presidential
threat which effected its purpose~-and
the result of the withdrawal of that
SIS ,000,0o0 from circulation put inter-
est up ia New York ut the rate Of one
cent Il day. The Whole fight over this
issue fs between the capitalists, who
demand Interest, and tbs people, who
demand money instead of interest,
(Great aprlau>e.l