Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-03-23

-ur GALLERIES CROWDED WHEN
THE piLL GAME UP.
II Il Called n Mad Proposition by
Ilarter. - hbner raylor's
Amendment.

opened In ,hc House by nInnd for Free
coinage.

WAsItiSGToS, March 29.-The all
yer debate has opened In the House,
and from the Indications II Will DO
hattie Of glauts.
Chairman Bland Of the committee
on coinage, weights and measures 10
favor Of the bill, opened the discussion
on behalf Of free coinage.
williams (MnsH.l, an Rntl.free coin
ACC Democrat, made the opening
srtech In opposition.
The air has been filled with rumors
Of fihbustoring designs ON the part Of
the antl.fFoc coinage people TO Oppose a
vote, hut, II such designs oXist, they
evidently art not to he carried into
execution until after tho three days
debate,
The galleries were crowded when, at
1890, tho bill was called up under
the resolution Of the committee on
rules
Trecoy Now Yorlll raised point Of
order against the bill being considered
in tho House, holding that as the pre-
partitions Of coin notes by the treasury
Tor the exchange OF bullion Involved
an expenditure by the treasury the
III should he considered IN committee
Of the whole.
The Speaker held that, as the bill
did not mako a specific appropriation
II should not DO considered Ia commit
tee u the whole.
(, was agreed that evening sessions
should BIO held today and tomorrow.
BLAND OPENS THE DEBATE.
"This bill,n snid Bland, In oponing
the discussion, "prOposcn 70 20 back u
hundred years In the matter Of coin.
age. II was just "a hundred years ago
that the wiss foundera Of this govern
ment adopted the double standard.
They provided for the coinage OF gold
and silver without limit az the minis
u tho United states: that silver should
h. coined the same IN gold. should
hive thq,gAme advantage and the same
recognition. The silver dollars should
consist Of 81 i.lOO grains Of silver, pro.
ci,oly the dollar " silver called for In
this b'll. This bill provides that gold
aud silver shall be coincd nj the ratio
nked by the act OF 1887, called the
falio Of 10 to I, or more exactly II Is
1898 10 one. This bill provide, that
goli aud silver shall he equal ut tn.
mints. (Applause.l Ia order that this
quality should be- preserved, IL ~
Becessary that silver should be put OH
the samn plane In regard to tho Issue of
certificates at the minta as gold"
Bland then sent 10 the clerks desk
letter from the director Of the mint,
stating that tile cost Of coluing silver
would be about cent and half per
dollar, aud that 81, goo, 900 could be
coined every year. Continuing Bland
stated that, while the hill placed gold
and silver or an equality IN tho mat
ter OF the issue Of coin notes In their
deposit oil, the minis, It also maintained
an equality 10y providing that, when
coin notoa should be presented for re-
demptlon, the government should DO
fftc TO REDEEM them IN either gold or
silver Ms II might prefer. Thus coin
notes, lfSiod on n deposit Of gold
bullion, might be redeemed in silver,
OF coin notes Issued ON deposit OF Ell.
yer might be redeemed In gold, rs the
treasury might prefer.
ISTm COURSE OF ms ARGUMENT
Bland stated that he would proprose
later an amendment 10 that portion Of
the bill providing that coin notes shall
be Issued as rapidly as bullion was de.
poslled. He would move the proper
time to amsnd, by providing that the
coin notes shall he issued rs rapidly gs
The mlnta found II practicable TO coin
the bullion. In arguelug for a greater
volume OF money, Bland said that he
would admit that the refined system OF
credits which had grown up In the
country, does to a certain extent, econ.
omiae the use OF money, but In tina end
aday Of payment OF these obligations
always xanic, thon we must have
money. In 1881, when we passed the
bill for refunding the national debt,
the national bansso of tho United States
surrendered $4,000. 900 into the ma
;onal treasury AZ a threat made for the
purpose Of Inducing veto from The
President, n threat which effected its
purpose, and tho result OF this with.
dmwal ISIS, OO0. 600 from circulation
put the Interest I'm New YORK Mt 1 nor
cent. day. Notes aud bonds are not
money, thew are couysnlonces. The
whole fight over this issue was be-
tween cnpilallsts. who demand inter-
est, and the people, WHO demand
money Instead of iplprest. TGreal
applause
The gentleman donounced the notI.