The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-03-23
SILVER DISCUSSION.
Opening Of the Great Debate in the
Lower House Of Congress.
BLAND AND HARTER CROSS SWORDS
The Former Urges That the Nations
Only Hope Is in Free Coinage,
While the Latter Claims That
Only Disaster Can Result from
Eucb Acfion

Such Action.
- - m
WASHINGTON, march so.-1he sliNef
bill was taken up for consideration i'll
the house Yesterday. in accordance with
tha s,,ao;oI o-dor aao,,tod ,o,,,o t;,u,
spr.'' -, 'iNo "'of,eu 'io ''''i'
ago Inc champions on Doth sizes nave
been preparing for the contest, and the
prospects are that it will prove a yery
h;ttar strraola In o,+ia;n,t;o, os
-, -. 80,
n'eiy nSnt tne pupllc hlleu tne galler-
les to their greatest capacity.
In openinp the discussion Mr. R1ond
.hoi,,,a, IS +,,o oo,,,,,;ttan -, as:.,assa
A'A y. ''1o 'oiiiiiii'uoe on oolhaSe'
Welshts ana measures, ana the author
of the bill, spoke in part as follows:
''It was just 100 years ago that the
wise founders of this government, in
pursuance, adopted what VIC call the
double standard They provided for
the coinage of gold and silver without
limit at the mints OF the United States;
that silver should be coined the same as
gold, should have the advantages and
the same recognition. The silver dollar
should consist of 37l 4-l5 grains Of sill
ver-precisely the dollar of silver that
is called for in this bill. This bill pro-
vides that gold and silver shall be equal
at the mints.
I'm order that this equality should be
preserved, it is necessary that silver
should be put on the same plane in re-
gard to the issue of certificates at the
mint as gold. To-day the law provides
that gold bullion may be taken to the
mint of the United States aud certifi-
Gates issued to the owner, or that he
may be paid for it in money. lie is not
required to wait for its coinage. The
whole fight over this issue is between
the capitalists who demand interest, and
the people who demand money instead
of interest"
Continuing Mr.. Bland said that when
you demonetiZed silver the world over
gold itself was gone. If that day should
come when silver was domonetized he
did not care how soon gold went with
it. The money of the world would then
be disembodied and metallic money
would then be a thing of the past. Gold
and silver had been twin brothers since
the days of civilization. When YOU SOW
cred the ligature between them they
were dead. The benefit to be derived
from this bill was that it restored the
old power of the two metals and it pre-
served to this country the standard of
money based upon both metals, If our
gold went abroad and our silver re-
mained here we still would have the
same volume of money, although a diff
ferent metal.
Mr. Bland was followed by Mr., VIII.
Jams, who made the minority report on
the bill for the anti-silver Democrats,
He asserted that the bill undertook to
depreciate the standard of value.
In opposing the measure MIR. Harter,
the leader of the anti.silver Democrats,
said Mr. Blands claim that the passage
of the bill would make money more
plentiful was misleading and untrue
All the laws that congress could paas
from January to December. from now
until eternity, would not materially
alter the market (or world) value of sill
yer. The trusting farmer. who today
was standing by with bated hreat6
waiting for the salvation which tLe
Bland hill was to brinr him wonl1 find
It's becoming a law would sweeD away
one-half Of the saving of his Gf,. time.
Truly Mr.. Bland would prove A worse
curse to the farmer than all The drv
seasons. wet seasons. frvs+s cyclones
locusts. chinch bups and profectiye tar.
ifs he Ind suffered from during the
mast decade.
That it would deeplv wrong the cred
itor was beyond a doubt true. for it was
ont of tbe results ef this kind of efi,tfs
that it hurt practically eyelyb,lvz ITho
creditor class nrGnerlv snoal;inte m.tla
mn ninety per cent, Of our ucanle for
every man who was solvent Lelonfsd 10
the creditor class. The real cred5ters
said Mr.. Uarter. were First rho 4
25s 9O3 who own fhe 81 53l SAG 506 of
deposit3 in savings hanks Free eainarra
woiild rost them s4a7 453 N5l second
the 500 600 nensisnars whose nansiefs
would be cut down St7 .O0n 0u6 in one