The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-03-24
HEIRLOOM OF MR.. BLAND.
MR.. STONE MAKES A HUMOROUS
TURN ON THE SILVER BILL

TURN ON THE SILVER BILL
Colonial Days in Virginia When Our
rsncy Was Asked on Deposits Of
Tooacco in State Warehouses-The
Lines of Both Parties Broken on the
Pending Measure.
WASHINGTON, March 3-The silver de-
bate in the House Of Representatives to-day
showed the intensity of the public interest
in that great question which now faces
congress for solution, and threatens to be-
come political issue in the presidential
campaign of the autumn. The speeches
we're all of positive character. They were
the arguments of men who have stern con-
victions upon the sides which they respect
ively represent and who are uncompromis-
ing in their declarations of the policy
which should be pursued. Gradually
the conviction is forcing itself upon the
members that 1t is to be no drawn battle,
that the issue is one which cannot be averted
and that the day Ii near at hand when the
House OF Representatives must declare on a
yea and nay vote its position on the great
question of free coinage. The gentlemen
who pinned their hopes on the chances of
compromise at the last hour by the substitu-
tion of e bill providing for an international
monetary congress are losing courage to-
day, and even the indomitable Mr.. Tracey of
New York comedies that the free coinage
bill will have a clear majority, if final
vote is ever reached upon its passage.
FILIBUsTERING ANTICIPATED.
The free coinage men anticipate that their
opponents will resort to flibustering and
are prepared to invoke the aid of the COM
N ttee on rules at the very outset in that
event. Mr.. Tracey announced that the first
motion to be made by the opponents of the
bill at the conclusion Of the debate, and be-
fore any disposition to filibuster is mani
Tested will be in the form of resolution
recommitting the bill to the coinage COM
mittee. with Instructions to report a substi-
tute bill providing for an international
monetary congress for the adjustment of
the entire silver problem. If it is defeated
all the resources of parliamentary rules will
be invoked TO tire out the friends Of the bill
and prevent a final vote upon its passage.
The galleries were crowded when the
speakers gavel raped the House to order
at noon to-day. and there was no abatement
from the great interest manifested at the
opening hours Of the debate yesterday. The
floor and lobbies Of the House. too, we're
we'll crowded with ex-members and sena-
tors, and on the sofa in the rear OF the hall
was seated A. j. Warner, we'll known as
one of the fathers Of the free coinage move
ment. In the galleries were seated many
bankers and financial experts from
all over the country, and the West
srn Union wires on the outside
we're busy bearing hasty messages that
flashed to the country of the progress of the
discussion and conveyed to the great finan-
cial centers every indication that appeared
in the political atmosphere. After some un-
important routine proceedings, the silver
bill was taken up.
''I desire to give notice." said Chairman
Bland at the opening of the debate, that at
O'Clock to morrow l shall demand the
previous question on the silver bill and the
pending amendments" This means merely
that the general debate will close at 2
o'clock to morrow and that the final vote
will then be taken on the bill and its amend
ments unless its opponents inaugurate
series OF tilibustering tactics.
PIERCE SUPPORTS THE BILL.
The first speaker of the day was Repre-
sentative Pierce of Tennessee, the able
young lieutenant of Chairman Bland on the
coinage committee. I'm the discussion of
the pending measure" said Mr. Pierce, "if
did not believe that free and unlimited
coinage OF silver was for the best interests
0f the whole people Of the country 1 should
rot so warmly support this measure 1t is
only by going back to the past upon this
1HNoSAOh "a OAhCb1illoL1A ludb "0 Cau DEOpS
srly understand this great question, for the
question OF to-day is whether we shall have
oimetallism or monometallism. Going
back to 1861, beginning with the action
the great nations Of the world
lpon this question, we find that great in
austriel England was prosperous and happy
lntil she struck down silver and discarded
as one of her coin metals. The voice of
abor then as now was unheeded, and the
RESULT was that the next three years wit
aeSsed period Of depression, distress and
nnering hitherto unknown in the kingdom
OfGreat Britain.
GOLD ONCE IN DANGER.
Mr.. Pierce quoted from the financial his
ory OF England and other countries at the
lime OF the great increase in the output Of
Eod following the discoveries in California,
IS showing that these discoveries resulted
a burst of prosperity due to an
t4pansion OF the currency, and that
was then proposed to demonetize
Eod and adopt single silver standard. The
sntlment which sought the decentralization
gold then was the same which to-day
ought decentralization 1t was the
loctrlne OF greed which wanted money to
70 scarce in order that capital might get big
eturns. 1t was proposed then to denronetze
lola as, In 1871, the increase in the produce
oon OF silver resulted In movement to
cilbeT III OTQ6T 10 make money
'ear. Prosperity bloomed and blossomed
mong the industrial and agricultural Glasses
IeVery country, but the financial interests
snlcn dominated affairs said we were get
aug zoo much money and capital was not
se1t'ng the profits it should have. After
%e act OF 1873 depression had swept over
Se country bringing ruin and distress to
Tousands of our people and especially
GsIress to those engaged in agriculture. A
slsIe gold standard was in the interest of
bankers and money changers. This was
Se eVll and to the root of the evil the
smedy must be applied. the hour was at
sauu when the American people were de-
11auGlng that the wrong done in 1873
%yaid be righted, that in some measure
,ss. ,asslee should be done. Would the repre-
~asanves OF the people respond to the de-
~'uu OF the great laboring classess
THE rwo ROADS.
Ine gentleman from Maryland (Mr. Ray
b uad said that congress was confronted
TWO roads, over one of which it must
I've. Yes, there were two roads; one was
y " road Of honor, of principle. Of justice,
-. rRht; the other was the road Of
W. uctlon, of wrong aud of infamy.
Sloh road would the representatives of
II II people treadl What reason was there
Ste sue demonstization of silver in 1873,
s1n from 1884 until that date a silver dol
% uas never been worth less than 100 centsl
.r,u .1lu this demonetization go on, or should
M netnedy be appliedi The Democratic party
'uls uOOr through its reDrpsenLat adj