The times. [volume] (Richmond, Va.) 1890-1903, 1892-03-24

respects and III order 70 lrotoct Alulsell ne
Bland proposed 20 erect aChlncse wall he
tween this and other countries on the silver
ouestion This was a manifest weakness of
his caee The passage ot this bill would stop
the flow of Foreign money tor investment to
this country IL would drive conservative
capital 20 seek investment elsewhere. The
power of the Government oyer Its money
consists solely in the nght to regulate ITS
value. This power fixed the ratio between
gold and silver according TO exchange be-
tween nations. This ratio was one to TWEEN
tv-three Congress cannot make il one to
sixteen. The agitation of this question at
this time is misconception of craftsmanship.
LODGE. OF FORCE BILL FAME.
Mr.. Lodge. Of Massachusetts,. followed in a
speech against the bill. X struck at the
wages Of the laboring classes aud, therefore
was a great injustice towards them. The
creditor class was the great wage earning
class The borrowing class was composed Of
capitalists corporations and railroads lie
opposed the bill on the ground that 1t would
bring - arrangement of values put up
gold destroy business confidence and would
be a great injustice to the wage earning class
in the United States. The Democratic party
was the political champion Of Tree coinage.
This question would have TO be submitted to
the country, that great tribunal which de-
cided all matters. We only suffered when we
attempted 10 evade great national questions.
" HtH llt HtNillc utCltitl II MOuAb Dc III AbN'A
OF honest money and a stable currency. lAp-
plause.
At $50 o'clock the House took recess IN
I'll 1880.
A corporars guard Of members assembled
tonight 10 listen to the silver debate. The
galleries were well filed.
bir. COombs. Of New Ork. opened the de-
bate and spoke in opposition to the bill.
He opposed any measure which would con
trOlOur own commerce without respect TO the
commerce of any other country. The bill
would throw Us back a generation or more
IN the race for commerce supremacy. IL was
dishonest measure. ,
Mr.. Bacon. of New York. opposed the
measure. If this bill passed the wealth of
the country would be more unequally
divided than at present. The bill was iniqui-
tous He specially opposed the section
which authorized the President of the United
states to change 10y proclamation the ratio so
that the standard silver dollar instead OF con-
sisting of 4l2i2 grains should contain 4OO
grains. In commenting ON this be reverted
to the reciprocity feature OF the Mchlnley
bill which was sham and fraud and had
been denounced by Democrats IN their con-
ventons and in their campaigns
Mr. Page Dem. J, of Maryland, opposed the
! bill and said that as American citizens, dl-
/ rectng the grand march OF triumphant De-
| mocracy we should not be tettered win
| ideas unfit for powerful people. There had
! been a steady decline of silver from 1873
! down 10 the present time. Until the law Of
| July IA. 1890 the Secretary OF the Treasury
! had purchased nearly the entire silver pro-
| duct of the country.
If silver therefore. is not TO come IN from
abroad. the proposed act would furnish no
relief whatever by increasing the circulation
or enhancing the demand for silver Unless
America became the dumping ground we
| should use no more silver.
Mr. Chapin. OF New \ orh, in opposing the
| bill said il was either intended TO beneht the
silver-producng industry or TO expand the
currency. If for the former it might be en-
titled To consideration. If for the latter 1t
| sbould not unless it could be shown that the
currency 10 be expanded was the best obtain
able This il did not do. and he was opposed
o. it. The bill was delusion.
HILLS NAME IN THE DISCUSSION.
Mr.. Livingstone Farmers Alliance) of
Georgia, said that everything thus far spoken
on this bill was prophecy. Branching from
| the ouestion he said that class legislation had
brought all the trouble on the country. We
! should turn to constitutional and Jehersonian
| Democracy for relief The country would
then be more prosperous and peaceful. Silver
had not deprecated but gold had appre-
| ciated The country was controlled now by
| the cold bugs of this country aud Europe.
Hill and Cleveland Simply meant silver ahu
anti-silver.
MIR Harter then jumped to his feet and said
DO You mean 10 say that Hill is in favor OF
free silyer!'
Question. Will you vote for Hill If he IS.
Mr. Harter (emphatically): No, sir. Loud
applause.
Mr.. Livingstone: Now, gentlemen, there Is
q demonstration of what / contend. All the
Democracy there is in that crowd means
Cleveland against the world or a Republican
or mugwump. You can take them IN oui
and can
squeeze one ounce of Democracy out OF the
whole crowd. Loud applause and laughter.
|. Mr. BrOsius of Pennsylvania, opposed the
measure IL gave the country the creates
alarm. The Government could at It's optloI
coin seven cents with silver bullion, stamp i
with a Government stamp and make 1t lega
tender for seventy cents IN payment OF one
hundred cents worth Of debt. Congress
could not perpetrate such an outrage on th'
American people without suffering from sncl
an act. =. IL
MIR. Hemphill DEM. Of South Carolina
ia, ored the measure. He was opposed TO The
present law. which authorized the purchas
of 81 500. .OO0 and thought the present 0ii
was preferable b il. No nation on earti
could hoard in its vaults the Duliloh iron
which the coinage OF the world was mace
He would move at the proper time TWO amend
ments-one 10 increase the amount Oh silVe
mt IN the silver dollar to 525 grains, Sc as U
make it equal in market value to the gold dQl
lar another authorizing the Secretary OF In
Treasury to increase or diminish the amouu
of bullion in the silver dollar TO make u equ"
in value 10 the gold dollar.
Mr.. Walker, of Massachusetts. opposes tn
measure and said 1t was absurity ltseil 10
Congress to enact such bill into law. -,
MIR. Abbot. of Texas. favored the Dlu W an.
said that the law of 1873 was an outrage upo'
the people Of the country -, .
, Mr.. Townsend OF Colorado, salu eHci
; dollar should be as good as any other uoiIhi
He favored the bimetallic currency ana III
, payment of foreign balances ana exchange
, | with silver bullion as well a. gold ouil0n.
: Blr HAYES. of Iowa, opposed the piil an
said that the purpose OF the party ia ioIcih
the measure at this time was suiclu"i III ,tI w
q extreme, and the most obnoxious lhciueh
in connection with this question was the
| tempt Of the Republicans TO put the Demo
q | Gratis IN a dilemma.
Mr.. Geisenhanner DEM of New jersey
opposed the bill. and said that depreclatlo
of thirty cents on the dollar by an act OF Coi
e gress was unworthy OF the American people
r Mr.. Bunting Dem. J. of New York, oppose
Q the measure, and was followed by Mr.. La
D ton. of Ohio. who spoke i'll favor OF VI
q measure.
The House thon adjourned until to-morr oV
The Senate.
{ Immediately after the assembling Of IL
Cooota Aceiataut Secretary prudpp wae nj