Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-03-24
TEXT OF THE TALK
OF the Debate in the House on
Free Coinage
BOTH SIDES JOIN IN IT
Consrsssmen From Various States All
IAsx Ids.s-soms of the Algs-
zents Presented

asr me fosolutlo1 o. tic CoM 4ittcc Oh
rules. and ~ reading ~as requested by
ChAirAAA Bland After this had seea
asas. Mr.. Bland tosk she foer in favor
Of the measure. He said.
Mf. Dtsad's Argxasas.
'-rals si proposes - 20 back . hundred
pears IN ne matter Of coinage Ii was Just hun
drsA years aga that tss fssaasrs ID tais govern
usat ADOPTED What cal the ssasls stand
srt rhey vraviaed Tor tne coinage Of
goa Aa1 silver visasat hrais q, the
mate e tas gnissd states; that sill
vsx sasxA 20 estnsa the SANE As gold.
sAssi1 nave ne sAns advantages and
~ saas rsecfaislsn- The saver dol
hss sAesla soasiss Of I'll s-is grains q silver
-prssisssy ne dollar Of silver that Is called for
10 Wis an Teis pa provides that gold and
silvsr stAsl se eeinsd al the ratio aKsd by the
ses Il l87, shish wzs called the ratio
Of Nts OF mere exactly it is IS % 10 l. THIS
st.i previass snAt sold ana silver shall BE- equal
o. he asaa In order that sAis equality
sasald - preserved IL Is necessary that
silver akeaid - pas sa the same plane
n regard - tas issue OF certificates at the
mint q. gsla Today ne lsw provides that
gold sollion may ss taken - ne mint Of the
Un3ssd Ss1ses snt certificates issued 10 ,hs
esnss. ,hst s may Re paid for IN money
He 10 not required ts Wal, for its coinage"
In arguing fsr sTsaser volume Of money,
BIT DSAh3 1>s2 t1st 80 NDAAH tuAt
the reaaed system OF credits which has
grown up In the country does to
certain sxteat eceasmize the NE OF
NOISY. but In tha end the day OF pay
psas Of tAsss obligations always came, ana
Esn ve nsss have money. 10 1881, when Nc
hAa passed s.h for refunding the
bAcisaAl debt the nstlssal banks Of
ihs raisea States surrendered asoeoo 900
eso tie national treasury ss
hreAt made fer lie purpose Of inducing
veto from tia president, threat
sAieh Effected its purpose, and the re-
Duli Of this withdrawal OF f1Socoeo from
Circulation pus interest up in New York 81 the
re of enc cent day. Notes and bonds are
bet noney-thsy are eonvenienees. The whole
lyht over This issue Is between the capitalists.
pAs demand interest,". ani the people. who de-
saad money insteas o: iaterss,
Tsyisr Objects 20 Williams.
At the conclusion Of Mr.. BANDS
Dpeeeh Mr.. Taylor (IlL) J. of the repub-
kcan side. objected TO Mr.. Williams
Mssal. the democratic opponsnt of
kse coinage. opening the discussion in
opposition to the bill The speaker
bsid thss the views Of the minority
nd the substitute of the minority hav-
hg been presented by Mr.. Williams,
III Drecedsnts gave that gentle N an the
privilege of opening the discussion in
opposition to the bill
Mr. Williams Speech.
Mr.. Williams aecried the idea Of gold
ensining the standard Of the world
But no declared that for this
ountry % try to rule the cur
ency Of all nations in the
bope Of renedying the present
Rate Of affairs would be as senseless
= TO Try to reduce the heat of the
Jay by stepping on the mercury
b NE thermometer. What was
Dssdea. he said. was an intcrna-
konsl monetary conference and
be heartily favored such a course. He
hen introduced for substitute to the
Bland bill q bill giving the president
power to invite tho nations OF the
Eorld to such conference.
Mr. asrtss's Prediction
Mr.. Hsrter (O.). also . democrat.
ypo<s In opposition TO the bill and in
sisted that the Bland bill. instead Of
increasing the volume Of money In cir
eulasien. would. ia It's results. actually
decrease it. The day after the presi-
dent signed q free coinage bill, in
stead Of having 81 500. 0so, coo in circu-
lahon for the use OF the people, we
will have 81, zoe, eco. 900. for money will
be deprecated to this extent Demo
Gratis are opposed to protection, yet
many OF them desired by this bill to
give the silver producer the benefits of
protective systen.
Mr.. rsyfss's Amendment
Mr. Taylor an then offered an
amendment that all pensions shall be
paid in gold In addressing himself on
the bill be said that he represented the
only party that WAS opposed to this
messure-she republican party. He
said that the bill was designed 10 make
seventy cents worth of silver equal
TO . dollar. This would enable the
wealthy class 70 pay its lsborers seven
" cents worth of silver for a dollars
WORTH Of toll. II this measure was
ever enacted into law IL would have a
greater effect upon the finances OF the
-ountry than any bill thai had ever
been previously passed by congress-
Dir. Hopkins visws
Mr.. Hopkins Ill.) said tia. IL the
characterization act had been q mis-
lake that was no reason why this con-
PRESS should to-day remosstizs silver.
The conditions of this country were
adjusted to = good standard, and
he knew of No greater calamity
Which could befsll the eountry
han that this bill in It's present form
Mould be enacted into law. The
Aver question was entirely different
Iusstien sow frem what il was IN 1874
Tbs monetixatioa of silver would be a
IA snly tvs classes. viz; the rich sill
fsr nius owners and the bullion hold
frs Ana spectators We should TAXA
iced OF the experience Of the Argsn-
Inc republic, which bad a set OF
tst~smsn of the same csliber as
he democratic free coinage men. They
believed people could be made rich
through The issue Of money by the sev-
srnnena Finally they involved the
psuasry "A ruin. brought down the
earisg Bros, asd preeipitsted crisis
Ast involved nearly the whole world
He protested against the bill IS a
hardship TO the lasorias seu and slss
70 The soldiers and sailsrs on the pen
pea lie. ~ this legislssioa the demo
,rs.sc party in the heuse proposed "a
pcais aswu the payments - pensioners
Rs SOC. sso. and he was net surprised t.
zee shs pensioners protesting sgaias,
Mis- proposed Legislation.
Nr. c.-psss's A.s-sss.s
Mr. Cerpten ma offered an amend
sent to the ssii 70 restrict free esiasGs