Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1892-02-18

COMMITTEE MAJORITY REP oR I
WENT TO TIE GOU3E MONDAY.

~ j"ctions Discussed Mt Long 1T
rropo4od to sfrite owners al Bn lion
Who Apply to the Mints Take hw"y
Thor own 'sotal IN poilats.
WASHINGTON, Feb. 1i...-The report Of
the ma iority OF the committee on COINAGE
weights AMI measures re'oMm0n linz tue
passage of the Bteni FREQ coinage hil will
he presented to The House 'o.;uJrrow by Mr.
Bland.
Tho report IS long and carefully prepared
1t discusses the various objections male
a gsnst free coinage, showing where, in tho
opinion of tho majority, those object .on'
are ill.louulel and how free coinage OF
silver wouI greatly benefit this country
and esi ecially the producers. Af.er tx
uleinuy the provisions OF ;he bill the report
refers to the winning that Tree coinag
would Gauss ship load1 % 5i!vor from other
countries to be brought here ani dumped at
| our mluts in exchange for god.
| Tire report declares tina sTipl iad4 OF sill
| yer brought to our m.nts by the foreigner
| woull, under the proposed law, be coined
into standard dollars and those dollars re
| turned 10 him, but he mu.t not 70 to our
treasury and denland gold FOR them Nor
could he compel one of our citizens to swap
him gold dollar for a silver dollar.
Should the foreigner take coin nctes for
bullion, he can take his coin note to the
treasury and demand redemption, but the
secretary OF the treasury could hand him
back the coin struck from his shipioal OF
bullion. The foreigner then woGld ascer-
tain that he had committed the b'under OF
bringing silver TO our minis when it is worth
three cents on the DOLLAR less than 1T is at
home. He must then invest his money here,
or go home without it.
lie could not buy gold with IL; or gold
exchange, unless gold and silver were at
par; in this case there could tie no reason
for preferring the one metal to the other.
| IL god went to q premium he would have
| TO pay the premium on his exchange, thus
entailing additional loss in his enterprise of
sending US shiploads of silver. II he invests
his money in our property and business tn
! terpri.es it will stimulate industries, awaken
enterprises and give US a healthy business
and sound currency.
Every ship load OF silver br onght here en- /
invested would bring unexampled pro per
ity to this country while panics would oc
cur in the old word. Business there would
lie puralyzed for want of money. Thi'
would force shploads OF people to come to
TINS country from abroad IN search oil the'r
lost shipl'ads OF money. The nations OF the
oid world however, are aware OF th!s anu
would see to 1t that no sucn thlng occurred
The report then quotes from Secretary
! Wiudom's report for 1889, in winch he took
the position that no danger need ue appre
hendea OF MOOD oil European SILVER Inc
secretary salu there was no known accuhu'
lation OF silver bullion anywhere N the
world, ana the STOCK OF silver com III Europe
was needei Tor business PURPOSES
Inc majority report asserts that me con
splracy formed IN the Oh "orio, ana sue
cesstu4iy carried through thefe hAd cohnAel
the depI paying meoiu!hs Oh the nations
concerned to the sn8'e metal, goiI. Cola
100 wa: decleAsei r"pldiy IN Nhlu'' linus
| adding 81 per cent to ine value oil credits