New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-24

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sehtatve 20 this hail. and that they VIII the Force
bill want to say to you, gentlemen rom New.Eceland
bat we Democrats OF the South West
action by the Democratic rule; end Thomas Jefferson. the
father Of Democracy having sold cardinal principle
Of Democracy submission the will Of the majority
iniry expressed. the South and West when RAZOR
ty speaks, bow It and support the nominee and the plat
form that the majority present. (Appause That l. our
Kind OF Democracy. We do recognize Democratic
eSPedient this remedy which | believe they call thc
2od cue-a remedy which IT appears Is lately killing
many people who undertaking to save themselves by
Ana tell you the gold cure which proposing 70
take will Kill eectuaIy the eeey gold cure Is
killing others.
| G. W stone. q Pennsylvania said that he apprec
ated Tie desire of the gentleman from Massachusetts
lr Williams TO to take the leadership Of the
opposition to tins bill SO far the gentleman from
Massachusetts, assumed to speak for himself far as
he assumed TO represent bis interest and the in
erests of his constituents he (Mr Stonel had not
word to say. But when the gentleman assumed to
represent the Democratic party. and 10 ally 1t in the
last degree 10 the opposition to this BILL and 10 speak
for the Republican party. no (Mr stone) absolutely OBJ
ected When the issue OF the greenbacks was Thought
necessary for the salvation Of the Nation. the Demo
cratic party had opposed it: when the redemption OF
| the greenbacks necessary TO the honor Of the
| Nation the Democratic party had opposed it; when
the stability of the present financial condition was
necessary for the prosperity of the Nation the Demo
| cratic party opposed it, when 1t was proposed to
restore condition which. In the movement Of modern
events. this couDtIy had outsrown for twenty years.
| the Democratic party rallied to its support. There
must be misunderstanding about the positions OF
| the two parties. The voice Of the gentleman from
Massachusetts not the voice OF the Democratic
party.
This bill alluded to free coinage bill. He
asserted that il was not frcecOnage bill. and was
not intended to be such No gentleman on the Com
mittee on Coinage. Weights and Measures would rise
In his place and that he anticipated that under
the operation of this bill. single dollar would be
coined in his lifetime The bill simply provided for
the unlimited purchase OF silver bullion and the is
suing OF paper money therefor The effect Of this
bill would be thing or anoticr-it would either
result in bringing into this country the vast deposits
and stores OF silver In the world. or 1t would not
II it did the former. the conclusion was not wild
one but a logical one that We must inevitably be
swamped BY ihe silver Of the Old World The United
states would be reduced t. the condition OF an cX'
elusive silver-usng. monomealllc nation II SILVER
did no, come here. the only result Of the bill wond
be 10 give the slverprOducers Of this country for
their entire product the margin between the market
vaue the coinage value of the silver Take either
horn of the dilemma and on neither could the pro
visions OF the bill be defended.
MI Warner Of New-York said that II the pending
bill were an actual free coinage bill would receive
| his support But II was not. 1t was proposition
| that every bullion owner in he county should be
allowed TO bring 70 the minis his bullion. and that the
| Government should put It's stamp 20 cents OF
| bullion and that It was worth dollar II not
only did that. but 1t compelled other persons to re-
ceive II as dollar in payment Of obligations contracted
| TO be paid in an honest dollar.
| Mr.. Brawley, OF south Carolina, opposed the BILL
contending that its passage would prove detrimental
| Il, the business interests Of the country.
| Mr. Hall Of Minnesota: Mr. Lynch OF Wisconsin; ,
| Mr. stout of Michigan also raised their voices in Op
| position.
| Mr. Fitch, Of New-York said tnat he was earnestly
uupoeed TO the passage Of the BILL lie had intended
! To give his reasons for that opposition; but he had
| presented to-day n petition from the New York Cham
her OF Commerce against the measure. which stated
with accuracy and ccarness the iea IONS why the bill
should not pass. lie felt that there was nothing to
| add He had known such nm nnanlmlF oi
opinion among all classes of people existed In the
state OF New York In opposition TO this bill ana II
was a source Of qualification 10 the opponents OF the
| measure that the New-York Chamber Of Commerce
which for 1921 years had voiced the sentiment Of that
state had spoken as clearly as it bad on th'' o'-
casiOn.
| Mr. McKeichan VI Nebraska, one OF tile "lnde-
pendentsT in the House and member Of the com
| age Committee said that before entering upon any
| Affirmative discussion Of the bll. he proposed
| 10 discuss the minority report. Winch he Sh'u-
was "bcgotten Of avasice and It's fruton was the
| spoatlon of industry The standard silver dollar
was Of 100 cents. and the captmp aoont 'o-'ch'
| dollar was simply an assault upon the dictionary
He rldiculed the contention that gold had some mar
veIlous property Of measuring itself by itself that made
IL stable and unnuctuating.
| The hue and cry about this legislation Dchehnhg
the ineowner, Mr.. McKeghan said. was no stronger
| and no more valid than similar objections would be
10 the building OF postohces because they Increased
tho nrice OF some ones land Those who urged such
objections ought to hide their heads In the Hnd Ike
| An ostrich but remember that the brniest part OF
| them was always in sight. uaueh'erJ
! Mr. Bushnell, OF Wisconsin, spoke IN FAVOR OF u
1 hat
silver dollar shall contain one ounce troy OF pure
| silver. go,
| Mr. Bezhoover OF Pennsylvania, regarded the Dill
&C AN assault upon the business integrity and stability
| OF this country. II II became law II WOMB W
| source OF distrust In the business world.
| Mr. Lodge, OF Massachusetts, SAID the question:
| rectcd upon one pont whether there was enough Oh
cold I'm the world 10 settle balances and TO maintain
the requisite reserve. Tie indlcauohs were "a' ~"
gold in the world Insufficient for these puI
purchase Of silver and the coinage Oi ulo s,i.rI
dollar. within two yeNs we would force the Ies'ora-
49,, ~ silver in the worlds money. Inc wOild "is
S %yn - business according to settled stand.
ard, and the United states was dong Dus'n nro
s nS,soG 20 depart from that standard and to
sdoPs '" s 'e Wa that lis result would be to drive
gold out OF circulation. lie opposed me b becauSe
nsce and the ground that It would Drlng aDces
arrangement Of values ana %omid saKe oI he 10
TynS HAT the American people wonld decide IN favor
~ honest money and stable currency; (ApplauseJ
Vi a~rr a snecch by Mr.. Perkins, Of Iowa, IN 0ppo
ion 70 The bin the House took recess until 20
When the House met after the recess there were
| no, ~ do1en members in attendance. although Inc
nailorics were well filled with spectators MI Ter
kins. OF Iowa concluded his speech with an attaGh
| 'nnn Tho Democratic party. That party nc siho'
might be protest but never as an al'''i"uo'
~ NJ C,o,nIs Of New York speaking in the name OF
the merchants doing business IN the largest fly III
NJ nnnntrv protested against the enactment OF law
chich wn,ld destroy the recognized standard on vane
at home and abroad Mr. Bacon, OF NG S"aye ;bn
~, na"sage would result In calanties unnnmbercd
| Int mlschefs innumerabc would come from itH
MIR page OF Maryland. opposed the bill: us enact
| mcnt into law would bring In silver. or II wond not
70 a. hrougbt no silver II was unnecessary ana IN
nncnons If silver came IN II would come In hood
| Ia void choke the channels OF trade. Mr. 'hapin,
| .ln" - XnrL ALSO OppOsed the measure. -