The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-06-16
FREE COINAGE DEBATED.
Senator Morgan Given the Floor and
the Talk Follows.

Senator Morgan Given the Floor and
the Talk Follows.
WASHINGTON, June 15.-In the Sem
ate today Mr.. Call gave notice that
instead of addressing the Senate to-
as connected with the election Of senators
he would yield now 10 Mr.. Morgan and
postpone his remarks until Monday next.
The bill to provide for freq coinage of
gold and silver was then taken up.
Mr.. Palmer moved to strike out all of the
bill except its first section, which fixes the
standard of gold and silver dollars, makes
those coins legal lender and permits the
| owners OF silver or gold bullion to have it
minted for their benefit and without charge.
Mr.. Morgan addressed the Senate in favor
Of the bill. The silver plank in the Minne-
apolis republican platform was he said, a
step to the front in the way OF the restora-
ton OF silver as money metal. 1t was
still timid and irresolute and
dealt in equivocal phrases. But it
seemed to cut lose forever from the single
gold standard Of the senator from Ohio and
to demand the use Of both gold and liver
as the standard money. The people had
right, however, to expect that the
front and demand, not only standard silver
money equal with gold. but that silver
should have the right of free coinage. II
such declaration were suppressed, at auy
mans bidding. that man would be, in turn,
suppressed at the bidding Of the people.
THE MONETARY CONFERENCE.
Referring to the proposition for an inter-
national monetary conference, Mr.. Morgan
said that he did not attach much impor-
lance to it There had been already three
such coaferences-in 1S67-77-'S1-and he
was hopeless of any good result to come
from new effort in that direction. His
chief purpose to-day was to show the i'm
possibility OF the recovery by the United
States from its financial condition by a re-
sort to an international conference and
agreement.
Mr. Palmer explained why he had offered
the amendment which he had offered to-day.
He had heard from senators from Nevada
and Alabama (Messrs. Stewart and Nor
gam that free coinage of silver at the
present ratio would of itself establish
parity between the two metals. If that
were 80, he felt surprised that the bill
should contain anything else than the first
section: The gentlemen had said that mere
free coinage of silver would accomplish what
they all desired, the establishment
Of parity between the two metals. He
wanted to know whether they we're sincere
in that or not; whether 1t was necessary,
according TO their view, for the United
States to become the purchaser of all the
silver bullion that might be offered. Iu was
one thing to favor free coinage of silver at
the present ratio. and it was another thing
to compel the government of the United
States to become the holder of silver bullion
and to buy all the bullion that might be
offered. He could see how, by that, debt
OF most startling amount could be &C
cumulated.
DON'T PROVIDE FOR COINAGE.
Mr.. Palmer's argument was that the terms
Of the bill providing that bullion acquired
by the government should be subsequently"
coined, did not provide for coinage at all :;
that subsequently meant any time in the
future.
Mr.. Morgan suggested that the bill might
be changed to read subsequently, immedi-
atsly coined"
Mr.. Stewart spoke to Mr.. Palmer's
amendment. He declared that there was
no provision in the bill for the purchase Of
silver bullion. He repudiated that. If
silver was not to be a money metal 1t had
no business at all In the currency of the
country. If 1t was to be bought and re-
deemed, the government might just as
well buy pork or iron and redeem
It. The first section OF the bill. Mr..
Stewart said, was the only essential Sec
ton. II congress would pass a bill with
that one section 1t would bring joy to the
hearts of the American people. He would
be satisfied with that
80 would l" said Mr.. Morgan.
| The other sections, Mr.. Stewart continued,
were merely for convenience.
After a brief free silver speech by Mr..
Cockrell, without action on the bill or on
| Mr.. Palmer's amendment, the Senate, at
4:40 O'Clock, adjourned.