The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-03-24

coinage of silver. This interfered
with the personal rights of citizens,
and he would oppose it. This bill
was utterly powerless to affect the
price of silver. Mr.. Brawley, of
South Carolina, opposed the bill, be-
cause the ratio fixed in it was not the
ratio fixed by the markets of the world,
as Jefferson and Hamilton both
said it should be. This was
purely business question and the
ratio should be fixed by the ratio of
relative prices of the two metals. We
of the South have but one product to
sell-cotton. The greater part of it
is exported and brings gold-money of
international value. Why should we
sell it for silver money of only local
value? 1t would poison the source of
prosperity it we depart from that
standard of the world. Mr.. Link, of
Wisconsin, said that until the coin
mentioned in the bill made a dollar
equal to any other dollar in the world
it would not be success. Mr.. Hall,
of Minnesota. opposed the bill. Mr..
Stout, of Michigan, (Democrat,) op-
posed the bill in brief speech.
Mr.. Fitch, of New York, presented
a petition from the chamber of COM
merce of New York, in favor of main
tenance of the standard value of silver
as now established by law, which he
said voiced his sentiments. MIR. Nc
Keighan, of Nebraska, one of the inde-
pendents in the House, said the clamor
OF the opponents of the bill smacked
OF the order of the banking house.
There was no flavor of the sailor or the
harvest fielder in their position.
The act of 1873 was clandestine,
fraudulent and against the interest of
the country. Referring to the circu-
lar sent out by Mr.. Harter, of Ohio,
he said this duplicity would not de-
, ceive the old soldier. and that the G..
A. R. posts would take no official
notice Of it. The people he represen-
ted were not anarchists. They were
; not opposed to the accumulation OF
wealth, but they were opposed to its
unjust distribution. The accumulation
) of wealth was the first step
, in social improvement and the
, next was its proper distribution.
, The people were organizing for a great
political conflict, which would prove
/. that the integrity, honor and courage
e of the people could be relied on in any
: emergency. This contest would not
end until corporations, combinations
aud monopo'ie; should bow in submis
sion to just laws and that day the peo
pie would be sovereign. Long live the
: sovereign! (Long and loud applause.
L Mr.. Bushnell, of Wisconsin Demo
{ crat), opposed the measure and sub
= mitted an amendment providing tha
hereafter silver dollar shoult
= contain one ounce, troy, O
I, pure silver. Mr.. Beltshoover, o
q Pennsylvania, opposed the bill
'e Mr.. Lodge, of Massachusetts, followe,
{ t in speech against the bill. 1t strucl
u u at the wages oftLe laboring classes an
le X therefore was great injustice toward
- them. The creditor class was tn
=. =. great wage-earning class. The borrow
- ing class was composed of capitalists
=, - corporations and railroads He Opposes
~ the bill on the ground that it woul
. bring arrangement of values, put u
. gold, destroy business confidence ali
e e would be great injustice to the wag
= earning class in the United States
a. This question would have to be sub
W mitted to the country, that grea
10 tribunal which decided all matters
r. We only suffered when We attempte
'e to eva1e great national questions
IL When the people decided, it would b
e in favor of honest money and stabl
y currency. (Applause.)
~ ~ At $50 the House took rece:
i until 1880. A corporal's guard (
- members assembled tonight to liste
10 do to the silver debate, but the gallerit
~ were we'll filled. Mr.. Coombs,
Id New York, spoke in opposition to tt
81 bill, as did Mr.. Bacon, of New Yorl
,ct and Mr.. Page, (Democrat) of Mar
:, land, concurred in their views.
lat Mr.. Chaplin, of New York, in opp
,er sing the bill, said ic was either inten
on ed to benefit the silver producing i
he dustry or to expand the currency.
,ut for the former it might be entitled
Of consideration. If for the latter
ara should not unless it could be show
ap- that the currency to be expanded W
the best obtainable. This it did not
va and he was opposed to st. Mr. Livin
he stone, Farmers Alliance) of Georgi
vas said that everything thus far spoken
ill. this bill was prophecy. Branchil
the from the question he said that ella
,ill Legislation had brought ali t
er, trouble on the country. We shou
ur. return to constitutional Jefersonis
of Democracy for relief. The count
lu- woulc then be more prosperous al
nd. peaceful. Silver had not depreciate
so but gold had appreciated. The cou
to try was controlled now by the go