Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-03-23

over. Applause. Gold and silver nave
been the servants Of civilization since CIV
ilization began. They are twin brothers,
and when you sever the ligature both are
dead. Before gold can leave this country
there must be some other form OF
money TO take its place. 1t cannot
disappear until some other money taxes
It's place. Everything will be cheap Let
silver be coined once and see what the re-
suit will be then. You bring money 10 the
level of the common people OF the country
1Applausel To the level Of silver wnlcn
1t ought to be. You may have TO pay
little more if you have the two metals at
par, but let US remember that as rule
when money is plentiful, prices are goou.
You may have TO pay little more, 0uG
labor after all, is the only money wan
street is to-day uemonetiZing; labor ana
wheat and cotton. Now the Dill remoneG'
izes them all [Applausel.
Mr. Bland then explained the last sec
tion Of the bill. providing that whenever
France opened her mints TO the free coin
age or silver at ratio OF l5A 10 l, tne
United States should adopt that ratio. de
called attention 70 the fact that for seventy
wears France had by her open mints liked
the price of both metals and kept them on
an unvarying parity of l51S TO l. To allay
any apprehension that might arise because
of the French ratio being l51S to l, while
ours was l6 10 l, it was proposed that the
United States should adopt the ratio OF
l5]6 TO l whenever France did so.
At the conclusion of Mr.. BANDS
sDeech, Mr.. Taylor, Of Illinois, OF the
Republican side, objected to Mr.:
Williams, the Democratic opponent OF
free coinage, opening the discussion in
opposition TO the bill. Mr.. Boutelle
made similar objection.
Mr.. Williams, in opening, said he trusted
he would be found to represent not only
the minority of the committee, but the
majority OF the minority" as well;
MIR. Williams said he believed that an
appreciating standard is better than fiuc-
tiatiug standard, and better than con-
stantly falling standard. 1t had been ar
gued that as we had the free coinage OF sill
yer before 1878 without disastrous results,
why should disaster now follow this bill.
Gold is the standard of nearly all the ma
tions OF Europe and when we declare for
the free coinage of silver, where will gold
go. -,.-
1t will 90 TO premium, and premium
upon gold is a discount upon silver. Inc
rest of the world will fix the depreciation
Of silver according 70 the markets OF the
world, and our standard will be seventy
tion. 1t means the throwing of this coun-
try into a dishonest settlement OF every
deDt contracted on our present gold basis.
Applause In concluding, Mr.. Williams
presented the substitute bill OF the minor
IT, providing for an international monetary
conference.
Representative Harter, of Ohio, also
Democrat, now spoke in opposition to the
bill and insisted that the Bland bill, in
stead OF increasing the volume OF money IN
circulation, would IN its results actually
decrease IL. The minute the President
signed a free coinage bill instead of having
81, sou, 100000 an circulation fer the use oil
the people. we will have 81, 200, ,000, ,0O0 for
money will be deprecated 10 this extent.
Democrats are opposed to protection, yet
many of them desired by this oil TO give
the silver producer the benefits OF pro-
tective system.
Continuing, Mr.. Harter said, that since
1873 we have in the eighteen years minted
1929. .OOO, 600 in gold alone, or an average OF
over $40, ,0OO, 900 per year. Now under the
Bland bill this would cease and free coin
age would drive out our gold and leave
what remained merchandise, as wheat,
corn and cotton are. Unlimited coinage or
gold and silver on the basis OF 10 per cent
of silver to one of gold would drive out the
gold because it would under-value it. Gold
sells in all parts Of the world for %. SO times
its weight in silver, andif under free coin
age we only give il value OF 10 10 l, all
human experience shows we would have no
gold in circulation after the President
signed free and unlimited coinage bill.
This oil is called a free coinage bill 1t
is not such in any proper sense whatever,
and IL is pure ana simple DILL TO compel
the.people Of the United States 10 buy the
entire product Of most prosperous and
hourishing industry, small IN the number
of its members, but very rich IN dollars
and cents, at price which gives them on
the cost of production (f stated III the Ian
g1age Of ordinary protection) protective
tariff or bounty of over l43 per cent. Ap-
rplause1 Not content with this enormous
burden which the dill places on over
SO OOO, 900 of our people in no way interest
ed as owners Of silver mines, 1t proposes 10
make US the virtual purchasers OF ali the
silver produced in the world, and at l29
cents per ounce, while much OF 10 costs not
over q cents per ounce, and great deal of
IL, after deducting the profits Of the lead
products, not over 10 ~ cents an ounce.
Mr.. Raynor, of Maryland, a Democrat,
said that every dollar of profit, instead Of
going 10 the Government and through the
Government TO the people, as il did now,
would go deep down into the pockets OF the
Nevada and Colorado milliOnaires. APP
plsusel.
Mr.. Abner Taylor, OF Illinois, then
took the floor, but yielded to Mr.. Ira
cey. of New York, who announced To
the House, amid loud applause, the cleo
ton OF Roger q. Mills TO the United
States Senate. The anti-free coinage
men were particularly enthusiastic in
their applause, as they regard Mr.. Mills
as ouposed 10 the Bland bill.
Mr.. Taylor then offered an amend
ment that all pensions shall be paid in
cold. In addressing himself to the bill,
he said that he represented the only
party that was opposed to TINS measure,
the Republican party.
He admired the Democratic party for
the facility with which il could get on both
sides of a question. He denied the right of
the gentleman from Massachusetts (Mr.
Williams) TO speak for the Republican
party. or for the minority of the Committee
on Coiunge, Weights and Measures. When
the bill reached the other end of the Capt.
tol and was up for vote, the gentleman
who would PROBABLY be nominated In Chi
cago (HuO would conveniently be in the
cloak room or out on an excursion. Laugh
ter.
Continuing, Mr.. Taylor said that the bill
was designed TO make 20 cents worth OF
silver equal 10 dollar. This would en-
able the wealthy class TO pay its laborers
20 cents worth of silver for dollars
worth Of toll. If this measure was ever
enacted into a law il would have greater
effect upon the finances Of the country than
any bill that had ever been previously
passed by Congress.
Mr.. Hopkins. of Illinois, also spoke
in opposition 20 the bill. Mr.. Craw-