Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-03-24
THE SILVER DEBATE
Resumed in the H0use-The General De-
bate Will Close Today.

WASHINGTON, March 23,-The silver de-
bate in the House Of Representatives to-
day showed an Intensity OF public interest
ia that great qaesfidn
81 desire to give notice" ssid Chairman
Bland st the opening Of the debate, that
al 2 o'clock tomorrow l shall demsEd the
previous question On the silver bill and
pending amendment.
Tnis means merely that the general de-
bate will close at 2 o'clock tomorrow and
that the final vote will then be taken or the
bill and amendments unless its opponeH,s
iDsugurste series CT flibustering tscties.
The itst speak today was Representa-
tive Pierce OF Tennessee. whJ made q
speech in supp TT Of the bill.
Stone of PenDsy ylvaois denources the
pending bill as beirg not bill for the free
coinage of gold AID silver but bal for the
unlimited issue of paper money.
Stone of Penn sylvsnis srrsigned the
financial policy of the Democratic party
and said that when it proposed to restore the
condition which this country had ou grown
for 20 years, the d mocrstic party rallied
to his support. The voice of the gentle m an
from Massachusetts was not the voice OF
the Democratic party. Its voice vss the
voice Of he gentleman from Missouri
(B snd). the su her zed spoke.msn OF the
Democratic party on this floor and the
voice Of the gentleman from Tennessee
(Plerce).
This bill was alluded to rs the free coin
age bill He asserted that it WAS not s.
free e0insge bill and was no. inteLdsd to
be such. No gentleman on the committee
on coinsge would say that be anticipated
that under the operation Of this bill one
single dollar would be coined in his life
time The bill simply provided for the
unlimited purchase Of silver bullion and
issuir Of paper money therefor.
IL the effect Of this bill would be to
bring into this c5uliry the vast stores Of
silver in the world, We must inevitably be
swsmped by the silver Of the old world ,snd
the C0ited States would be reduced to the
condltion Of al exclusive silver using mon
onetslic nation. II silver did not come
here the only result of the bill would be to
give to the silver producer of this country,
for their entire product, the margin be-
tween the market value and coinage value
Of silver.
Some relsted how Richsrd Bland, =
member of the Vrginis House of Bur
ttssSs III stC, bJI
for the issue of legal tender notes based on
deposits Of tobacco in the government
warehouses That bill, said Stone, was al
most the counterpart Of the psndiDg meas
ufe.
Stone claimed thst this bill, by repeating
the act of 1890, would restore the act Of
1873, providing merely for the compulsory
coinsge Of 81 900 900 = month.
Bland demurred to this assertion, but
Some persisted in it.
Bland ssked consent that the debate on
the free silver bill, which would expire to-
morrow night, be extended until Friday
afternoon at o'clock
Simpson of Kansas objected, on sccouu.
Of the failure of the friends of the blli to
make any allotment Of time to the repre-
sentatives OF the Peoples party.
Warner Of New York, Democrat, spoke
in opposition to the bsll. He did not be-
lieve in the ris hi Of the government to en-
courage or discourage the use Of either gold
or silver by enforcing sn arbitrary ratio
between the two metals. He thought the
duty Of The government should end when it
piaced upon its ii ,vsr coin the stamp Of the
government. certifying to the amount Of
pure metal il the ccin.-
This is 3 proposi ion tsat every bullion
owner in the country be allowed to bring
bullion to the mints and the government,
shall stamp it With the assertion that every
20 cents worth Of il is worth . dollar.
Every man then is compelled to sccept the
silver at 40 psr cert premium, in violation
Of ali Obligations contracted for payment of
debts in honest m Jpey. 1t is not free
coinsae bill. but a force currency bill.
Brsviey Of South Carolina, Democrat,
opposed the bill. He c1nteudsd that the
passage of the bill would prove detrimental
10 the business interests Of the country.
Hall OF Minnesota. in opposition to the
bill, said il should have emsoated from the
Repub lean eide Of the House. 1, VS.,
honeycombed and saturated with Mckin-
ley Ism.
Fitch Of New York, said the gentleman
from lliiuois (Tsylorl, had said that tbs
Democratic party hsd shown its ability sG
get on both sides Of this question. Ths
Republicans in the Senate had also mar
agei to get on both sides. The Republi
cans we're not opposing this bill on shs
ground that it would prove detrimental te
the people. bat for the purpose Of obtain
ine party capital. Who made the real figh
against the bil5 Neboiy but DE- Dtmocrxtl
from New Z slsnd snd New York.
The literature in favor Of free coinsgs
came from the silver states represented o.
Republican senator's Who were not general,
believed 10 have been plunged iuto po7ert,
I BY ,h@ir connection ~iih silver mines
j MeKsignton Of Nebrasks, one Of The L.
dependents in the House and = member o
the coinsse committee, said the minoris,