The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-03-23

considered in the committee of the whole.
1t was agreed that evening sessions shall
be held to-day and Tomorrow.
Biand's Speech.
This bill" said Bland, in opening the
dlscussion, proposes 10 go back 100 years
IN The matter of coinage. II is just 100
years ago the wise founders of this Govern
ment adopted a double standard. They
provided Tor the coinage of gold and silver
Without limit al the mints of the United
States; that silver should be coined the
same as gold, and should have the me ad-
Vantages and the same recognition, and
that the silver dollar should consist of
3!LOI grains OF silver, precisely the dollar
OF silver called for in this bill This bill
provides that gold and silver shall be
coined at the ratio fixed by the act Of 1887,
called the ratio OF 10 10 /, or more ex-
actly 1888 10 l. This bill provides that
gold aud silver shall be equal at the mints.
Applause In order that this equality
should be preserved it Is necessary that sill
yer should be put on the same plane in re-
gard TO The issue of certificates at the mint
as gold" Bland here sent to the clerks
desk letter from the Director of the Mint
stating that the cost of coming silver would
be about p cents per dollar; that S45, 000.-
goo could be coined every year
III conclusion Bland said: 81 appeal to
the gentlemen on this floor to lay aside
every idea of party eyigency; every idea
but that which is right and just and cast
iuSiI tOtcS dCcOsulIS 10 TIE dictates OIL
their conscences and pledges they IN ade to
the great productive masses of this country;
II they do the bill is safe-the cause is won."
Applause.
At the conclusion of BANDS speech Tay-
lor OF Illinois (R) claimed the right TO
open the debate in opposition as represent
ing the only party opposed to free coinage.
Williams, however, was accorded the
privilege by the Speaker, because he had
presented the views oil the minority.
Wiiiiams' Reply.
81 am acting" said Williams, sin behalf
Of cause which, so lar as 1 know.
\: ~ party, but is a nare question of
patriotism on both Sides" lApplsuse.]
Continuing. Williams said many men,
bers OF the House would feel obliged to vote
for free coinage. although they did not be-
lieye IN II, because their constituents so
instructed them. He believed the present
standard better than fiuctuating standard.
better than constantly falling standard.
Gold is the standard of nearly all the ma
tions OF Europe, and when we declare for
the free coinage Of silver where will gold
60? 1t will 60 TO premium, aud the
premium upon gold is discount upon
silver. The rest Of the world will fix the
depreciation upon silver according to the
markets of the world. and our standard
Will then be 20 cents TO the dollar That
means reputation; it means the throwing
of this country into the dishonest settle
ment of every debt contracted upon our
present gold basis" (Applause.l
In concluding. Williams presented sub
stituie bill of the minority providing for an
international monetary conference.
Harter's Argument.
Representative Harter of Ohio, also a
Democrat, spoke in opposition TO the bill.
He insisted the Bland bill, instead of in
ereasing the volume of money in circula-
ton. would, in its results, actually decrease
IL through depreciation.
hof sSfu
We have minIed S729,0 600 in gold, or an
average of over S40O00,000 per year. Under
the Bland bill this would cease and free
coinage would drive out our gold and leave
what remained merchandise, "a wheat,
corn and cotton are. The unlimited coin
age of gold and silver on the ratio of I6 to
would drive out gold because it would un-
dervalue it. Cola sells in all parts of the
world for 22S6 times its weight in silver,
and, IL under free coinage we only give il
the value of l6, all human experience shows
We would have no gold in circulation.
This bill is not free coinage; It's pure and
simple bill to compel the people of the
United States to buy the entire product of
the silver mines at profit to their wealthy
owners from $50 TO $50 per cent. l submit
that an equally mad proposition never
secured the assent of any legislative body In
the world. and if it passes this House, no W
that It's provisions are laid bare. it will be a
record which will como back to plague and
go into their collins"
Kayner's Response.
Rayner of Maryland, also Democrat, said
the mine-owners. who would be given egh-
teen millions year more profit than now be-
ing made, could well afford to inundate Con-
gress with whole libraries of literature, and
employ hosts OF lobbyists to advance and
promote this scheme. When the mints were
opened and 20 cents could be coined into a
Government dollar, would the people get
any of it? No. Every dollar profit would
60 deep down into the pockets Of the Nevada
and Colorado millionaire5.
Tracey Of New York at this point an
nounced the election OF Roger Q. Mills as
United States Senator from Texas. The
anti-free-coinaRe men were particularly en-
thusiastic In the applause. as they regard
Mills as opposed to the Bland bill.
TayIor's Proposition.
Abner Taylor of Illinois then took the
pensions be paid in gold Speaking OF the
purpose of the trainers of the bill, which
was 10 place this country OH a silver basis
and let 1t stand side by side with India.
Mexico and China, he said he repre-
sented the only party opposed to this
measure, the Republican party. He ad-
mired the Democratic party for the facility
with which it got on both sides oil the Ques
tion. When the bill reaches the Senate and
is up Tor a vote the gentleman who would
would conveniently be in the cloakroom or
out on an excursion. Laughter.I Then the
Democratic party would straddle the Ques-
ton. The gentleman from Missouri would
tell his people he was for free coinage, and
his mugwump friend from Massa-
chuseits (Williams) would tell his people
that he was against it. Such was
the great facility with which the
Democratic party got ON both sides of
question. This bill would enable the
wealthy class TO pay labOrers 20 cents worth
Of silver for Il dollars worth Of toll.
Crawford of North Carolina spoke in
support of the bill aud Stevens of Massa-
chusetts IA DemocraD recorded against it in
the name OF his constituents most EN-
phatic protest. AS Democrat. speaking
from Democratic standpoint, he felt
obliged to raise his voice against this meas
ure, which proposed one of the most STU
pendons propositions ever presented to the
American Congress. Public credit was to
be used to enable the ring of silver specu-
lat0rs to unload their products upon the
American people. [Applause.
Pending the conclusion of his remarks
the House took a recess until 80 O'clock in
the evening.
Decisions Rendered.
In the case Of Linton G. Trpp, plaintiff In
| error, vs.. the Santa Rosa Street Railway
Company, the United States Supreme Court
to-day affirmed the California courts de-