Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1892-03-26
SILVER DEBATE.
Silver Giants Look Horns in the
House.
Alr. Bland Opens tho Discussion in Fa vor
OF His bill For FREQ CoInage-Messrs.
williams, Harter and Others
Speak In Opposition.

age bill being the special order, Mr..
Bland, chairman of the committee on
coinage, took the floor in favor OF the
measure.
This BILL" said Mr.. Bland, in open
ing the discussion, proposes to 60
back hundred years in the matter OF
coinage. It was just a hundred years
ago that the wise founders OF this gov
ernment adopted what we call the
double standard They provided for
the coinage of gold and silver without
limit at the minis Of the United States;
that silver should be coined the same
as gold and should have the same ad-
vantages and the same recognition.
The silver dollar should consist OF
ST. 400 grains of silver. precisely the
dollar of silver that is called for in this
bill. This bill provides that gold and
silver shall be coined at the ratio fixed
by the act of 1887, which was called
the ratio of 10 to 4 or, more exactly.
it is Is. 9S TO L This bill provides that
gold and silver shall be equal at the
mints. (Applauscl
''In 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 OF the
mint, as gold. To-day the law provides
that gold bullion may be taken to the
mint of the United States and certifi-
Gates issued to the owner, or that he
may be paid for it in money. 1t is not
required for its coinage"
Mr.. Bland said that he had agreed
10, and would propose later, an amend
nent to that portion of the bill pro-
vidinr that coin notes shall be issued
as rapidly as bullion is deposited. He
would move, at the proper time. to
amend by providing that the coin notes
shall be issued as rapidly as the minis
found it practicable to coin the bullion.
In arguing for greater volume OF
money, Mr.. Bland said that he would
admit that the refined system OF credits
which has grown up in the country
does to a certain extent economize the
use of money, but in the end the day
of payment of these obligations always
comes and we must have money. In
1881. when we had passed a bill for re-
funding the national debt, the national
banks of the United States SUR
rendered SIS, 1000. 600 into the nation
nj treasury, for the purpose OF
inducing veto from the president-a
threat which effected its purpose-and
the result of this withdrawal OF Sls.-
600. 900 from circulation put interest up
in New York at the rate OF one cent q
dav. Notes and bonds are not money
they are convenienceS The whole
fight over this issue is between the
capitalists, who demand interest, and
the people, who demand money instead
of interest. [Great applause.
The gentleman denounced the peri
odic attempts for international confer
ences and international agreements
every time the free coinage OF silver is
proposed. Are we to be shackled here
Sy the apathy of the governments OF
other nationsp Is our financial system
to be regulated, not by our own ideas
of Justice and our own conveniences,
but by the conveuiences OF other ma
lions? The moment this great govern
meut declares for the free coinage OF
silver the other commercial nations,
TOO. will solve that question. Self
interest will COMPEL them to do 30.
The restoration of silver means the
restoration of it the world over. Gold
and silver have been the servants OF
civilization since civilization began
They are twin brothers and when you
sever the ligature both are dead. Be-
fore gold can leave this country there
must be some other form OF money
10 take its place. The moment you
restore silver, II gold Is taken
from circulation prices will 90
down in proportion and that
uecessitates money from abroad 70 pur-
chase commodities here that go down
because of the contraction OF money.
Everything will be cheap. The man
who holds his gold is simply holding 1t
for silver; for silver will take the
channels of circulation. Gold Is ty-
rant. Gold won't tolerate any compe-
4ition. He must dominate or he Will
have nothing to do with your finances.
let silver be coined once and see what
the result will be then You bring
him to the level of the common people
of this country. [Applause] To the
level OF silver where he ought to be.
You may have to pay q little more II
Won have the two metals at par, but
Iet ms remember that as q rule when
money is plentiful prices are good
You may have TO pay q little MORE
hut labor, after all, is the only money.
Wall street Is to-day demonetizing
labor and wheat and cotton This bill
remonetizes them all.
Mr.. Bland then explained the last
section of the bill providing that when
ever France opened her mints to free
coinage of silver at ratio Of 15K to l,
the United States should adopt that
. N. ..fI.d okkoufi0n In the fact