Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-03-23

when money H. plentiful prices are
good. You may have to pay little
more, but labor after all Is the only
money. Wall street today ia dc.
moueiizlng labor, whea, and cot on.
This blll rcmonetizos them all. ZAP.
plnusel.
Bland declared that the action Of the
government Of the United States on
the silver question hal been an invita-.
tl0n TO Europe 10 10 upon gold
standard. Wa began eilvcf's demone.
ti2ntiOn In 1853, and IN all our efforts
10 Iesiore silver we have been
DEFEATED ny LIMITATIONS.
When the Free Coinage bill was pass.
I'd In tho House by tw0.thirds ma
jorlty and went 10 the Senate, the
same Idea Of ma international agree.
ment was Injected into the question,
and meanwhile we provided for the
purchase Of fnDm two 20 four millions
n month. Tho iAst Congress passed an
act 10 purchase tour md hal
millions Of silver monthly, and its
friends proclaimed that " was done Ia
the interest OF silver. In the Interest
Of silver he had opposed that bill. lie
said that the gentlemen were deceive
ing themselves and the county AMI
thnt silver could not be- brought 10
par In any such manner. The law Of
LIS compelled the coinage amt use VI
the silver dollar. Tho law Of the llst
Congress used the silver for wha2
As mere dead capital In the Treasury,
which might as well be- NJ the bottom
OF tho Potomac. Was the United
States 10 be frightened Ivy the actions
VI other natiOns2 Because they were
demonetizing silver and going 10 a
gold standard, must the Unitod States
follow suit? This oliver question
would not down, because Il was ono
that the American people well under
stood.
In conclusion, Bland said: 81 ap.
peal 10 the gentlemen Un the floor to
lay aside every Idea u party cNigoncy;
every idea hut that which 10 right and
lust, aud cast their votes according 20
tine dictates Of thelr consCipnuus AMI
the pledge they made 10 the grua. pro-
duciiyc maasos OF this county. II
they do the bill Il safe; the cause ~
won." (Applauso)
,R. WILLIAMS spgECH
AT the conclusion Of Blnud'n speech,
Taylor ull,), Republican, claimed tho
rlght 10 open the debate IN opposition,
rs representing the only party opposed
10 fru1 coinage. William, however,
was accorded the privilege 10 be the
speaker, bocauic he had presented the
views OF the minority.
al am acting" said Williams, ON
behalf Of n cause which, 80 far as
know, knows no party, but Ia a mere
question Of patriotism on both sides"
(Applausu.)
Continuing, williams said that many
members OF the House would feel Oh
iiged TO vote for free coinage, although
they lid not believe Ia It, because their
constituents had 10 instructed them.
lie believed that an approaching stand.
ard was better than iluctuating
standard. better than "A constantly fall
ing standard. IL had been adjudged
that, Ms we had the free coinage Of
silver before '7a, without disastrous
results, why should disaster now follow
this hill2
He desired TO remind the American
people that the monetary condition Of
lhe world had entirely changed since
1873, and that these conditions were
now beyond our control. Gold IL the
standard In nearly all the nations OF
/ Europe, aud when We declare for the
fee coinage OF silver, where viii the
gold 20? IL will go 10 premium, nnd
n premium upon gold IL u discount
upon silver. Tho rest Of the world
viii fix the depreciation upon silver
according to the markets Of the world,
anu our standard Will then be 20 cents
to the dollar. That means y reduction,
/ II means the throwing 81 this country
into the dishonest settlement Of every
debt contracted upon our present gold
basis. (Appiaust.l
In concluding, Williams presented
tho substitute bill OF the minority, pro.
ylding for an international monetary
conference.
REfEEsESTATIvE nABrER (0n1ol
also a Democrat, spoke In opposition to
tho bill. He insisted that the Bland
bill, instead Of increasing the volume
| 0f money In circulation, would IN It's
resulta actually decrease 1t through de.
probation.
Continuing, Harier said; "Blncc
1873 we have minlei s7g0.0O0,000 in
gold, or an average Of over $4,000, 900
per year. Under the Bland bill this
would cease aud FREQ coinage would
drive out cur gold aud leave what
remained az merchandise, az wheat,
corn and cotton are, The unlimited
| coinage OF gold ana silver on ratio NJ
10 TO / would drive out gold, because u
would undervaIuu II. Cola sells In all
parts OF the world for 22SB times its
weight IN silvcr,ani Thunder free cOiu-
are We only give 1t value Of 10, all
| human experience shows that We
would have no gold In circulation.
| This Till 10 not Tor froo coinage. 1t IL u
pure and simple bill TO compel the peO-
| pie Of the United States 10 buy the en-
Tire pruduc. OF most prosperous and
| i0urIshing inherent, ANAL ia the mum
Der Of IT. members, but rich in.uollnN,
at price which gives them the cost Of
production and u production tariff or
bounty OF over li6 per cent. Not con-
| tent with this enormous burden, which
tho bill places on the over 90 900, 900 OF
our people, IN no way Interested As
| owners Of ailver mines, u proposes to
make us the virtual purchasers OF all
the silver produced In the world, and
at 100 cents for an ounce, while much
Of IL does not cost over 81 cents per
| ounce, and great deal OF II, after de-
Quoting tho profits on lead products
not even 3 to 20 cents an ounce. ! sub
init that
AN EQUALLY MAD PROPOSITION
never secured tho assent OF any legls.
| lnlivc body Ia the world,and II IL passrs
this House, now that IT, provisions are
laid bare, Il will be q record which will
come back 70 plague and shame It's