Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-01-07

sage, 20 tn eject tbSt the bill hal been
expAcied 10 h'ias tie price Of SILVER up to
81 2s Pr oance. he challenged the Ex CO.
i've fwr preof Of thst statement a, q ss.eitsG
that o ls one sersior done. OF NzvSss J
had int msssd tbst lbs act Of 1890 wonIi
bring silver NJ II Far NJ Nrr tbs 20 senS-
iors asserted that it would 70, hrns the
price # n3ser up {, par H Teller
stated = h-n ii b Il Vas uadsr Gi-cassion
that Il vas not acceptable TO the silver
people.
II disaster came, ss would come IL that
pJilcp ~sS persist in. 1t you'd hsve 10 De
laid ~ toe door of the men who Tor Is
ysa,s steadily resisted tar general puo)ie
deoNd FOR the use Of stver on tqusi t. rms
~ith gsid Bu; there -as 81 other propo,i-
ton, c-mius from the Executive Is
was TIA. the United SIafes sh uld &C
eumulste all the gold cs The world N then
the money Centres Of Europe would say
that they would lin the aited States in
the WORK Of uslug SILVER moasy How WAS
ths United States TO sccunulare the gold
OF tbs world. Even when this country bad
an ahGrdsuce Of c ops and was erjoyiBg
great property, the gold left the coualry
at the rae Of 81 600 900 3 day
It y IltCA AlS~ WhB = b"ptNE UtiiuU,
owing Europe more tbsn So 600 900 900,
yes, more THAI s. 900, 600 600 Tne seD-
ator from N~vsds (Stewsr.) saic How
Vas the L net s S,-s % get Europe TO
unlock her &C f'rs and sehd her ID
her.. Bat it Was only another make
sniff. another methld BY VIII the
inevitable should be delsyed when by ls~
the two metals should be put together, or
else the use Of silver would be absolutely
sesBdoned kept for subsidiary coin. What
sivEr men wanted vas TO hsve the two
metals lied together by lsw 50 that they
would be on 81 equality st the ratio TO be
ESTABLISHED
A certsin public man. Teller continued.
who had not yet taken his sest IN the Senate
(mesui1g Hill OF New Yark) had sn-
nounced thas the act Of July, 1890 had to
be repealed; but he, fe!ler) ss.erted thst
it would not be repealed. here were no
considerable number Of public men
in the country who would dare to re-
peal it. In 10 years there would
De 81 600 000.C00 OF silver in the
C fers Of the government. The act Of
1890 treated that silver has . c,mmodity
[. degraded it, aod held il in so lection 10
gold. BV ard By the people oftae United
Ststes would say that the immense smJunt
Of silver in the treasury should mt be
depYeci or sold At less than 81 29 M
gupca.
When an overdue amonnt Of silver WAS
in the treasury the country would come TO
q s'lyer basis and il it ever did so il would
be through al set Of 1890
Dolph had read the extract from the
speech by Stewart to the effect that the
puTc chase b. the government of four and
half million of ounces OF silver q month
would use all the silver produced in the
U5ited States and would pu. up the price
OF silver to par
Ste~stt admitted that lis prophecy had
failed, but plexded that the conii,iops had
chang d and had proved couclusively that
Doih.rg would do bnt free c1insge.
NJ action was taken on the bill, snd
after q short exetu we session, the Senate,
out Of respect to the memory OF the lste
Representative Gamble Of South Dakota,
a. Iufntd until tomorrow.