The Indianapolis journal., 1892-05-27
YEAS.
NAYS.

Gallinger, Perkins,
Mr.. Hill was not in the chamber when
the vote wss taken, and no pair was An
nounced for him.
The bill was taken up. The debate was
opened by MIR. Stewart, who was followed
by Mr.. Teller. The latter contradicted
most positively statement quoted by Mr..
Sherman TO the effect that, it silver went
pp TO sl.29 per ounce. the product of silver
in this country would be quintupled. Such
statement, he said. WAS made in the
Rrossest ignorance or In the most malicious
mischief There was no possible excuse for
such a statement. ana yet the Senator from
Ohio had given to IL the sanction of his au-
thority. The United States delegates To
the international bImetallic conference
would be met with that statement at the
first meeting iof the conference. What
the silver men complained of was
that the action of 1873. in tho
Concentration of silver. had appreciated
gold at least 40 per cent. 1t had reduced
the price of agricultural productions and
the value of farms. houses and lands and
IL bad reduced the wages of the people of
the country. The question. he said. was
big enough for discussion. and he hoped
that Senators on the opposite side OF the
question would find time to give to the
American people some arguments on the
subject.
No senator took the floor to continue thu
debate when Mr. Teller concluded. During
the hrst part of his speech MIR. Hill came
into the chamber and took his seat, whore
he was engaged for some time in conyersa-
tion with Mr. Stewart. He did not seem at
sll interested IN the speech and left before
IL ended. The full text of Mr.. Stewards
bill is as follows:
That from and a fter the date and passage of
this act the unit OF yalue in the United states
shall he the dollar and the same may he coined
or 1929 grains of standard silver or of 25 8
grains or standard gold: and the said coins shall
be legal tender for all debts, public and private
That hereafter any owner of silver or gold bnl-
lion may deposit the same at any mint of the
United states, 10 he formed into standard dol
ehail he lawful TO refuse any deposit of less
value than S1OO. or any bullion base as 10 be
unsui table for operation of the mint.
eec >. That the provision OF Sec ton 3 of
ian act To authorize the coinage OF the standard
dollar and TO restore its legal tender character"
which became a law Feb. %, 1879, is hereby
made applicable TO the coinage IN this act pro.
vided for
Sec. 3. That the certificates provided for In the
second section OF this act shall be or denomina-
tions o. not less than Fl or more than 81 O. 600
anu such certificates shall he redeemable in coin
or standard value sufficient carry out
the provisions OF this act is hereby appropriated
out of any money in the treasury not otherwise
appropriated
sec. 4. That the certificates provided for i'm
this act. and all silver and gold certificates
already issued. shall he receivable for ali taxes
ana dues tO the United states of every descrip-
ton, and shall be LEGAL tender for the payment
OF all debts. public and private.
Sec ,. That the owners of bullion deposited
for coinage shall have the option TO receive coin
its equivalent In the certificates provided for
IN this act, and such bullion shall he subsequent
ly coined.