Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-03-24

1OuNluuluEf Nft ktiiAltuAn rHONth
after the expansion Of currency result.
ing from the discovery Of gold In Call.
fornia and Australia in 1870 aud 1850,
labor In every commercial nation was
affected by this expansion and advanc-
ed 50 per cent. The spirit dominant
today among 1nanoiers and capt
talists throughout the world IL that
n scarcity Of money " thing 10 be
desired. II has not been many de.
cades' since Chevalier, Of France,
taught that the ovef.pr0duciion N gold
along in the fifties made II Wise to
adopt monOmetallsm with silver, not
gold, aa the standard. Germany In
1857 accepted the teaching Of Cheva.
lier demonetizing gold and established
the single silver standard. Why?
Simply because they thought they
were going TO have too much money In
the two metals. A limitation Of the
currency, scarcity Of money, wns what
the hnanciers and capitalists wanted.
Our opponents tell ~ gold must not be
molested; that gold IL the only sacred
metal; that gold IL king. What II II
that gave gold the position u occuple.2
Legislation, and II Ia only by legisla-
ton great wrong can be fighted.
tApplausc.l Up TO the time Of the de-
monetization Of silver In 1873, the sill
yer dollar was never worth less than
100 cents. When demonctizcd II was
Mt that time ut a premium Of 81. Why
did they demonetizc II them The
same spirit Of Rvarice and greed
that struck II down In England
dominated this country, aud silver
WA murdered In the interest of the
great banking and financial interests
- N. a.I. ~ II
laboring people from that time 10 this
have been paying profits In their
sweat and toll. (Applsuso.)
Pierce spoke Of the clouds OF gloom
that lowered over the south when the
force bill passed the last House and
went TO the Republican Senate; and
when the press Informed them Pfesl.
dent Harrison had pledged himself 10
use his official influence to carry
through that measure. "But,n said
Pierce, "the clouds began 20 brcnk
away, and through the riffs we saw the
grand, glorious, brave, patriotic,
Senators Of the West standing between
their party anu the liberties Of tho
people. By their votes, the force bill
was defeated, and | say 10 you gcntlo-
men from Now England, that the
Hamc men stand there today, ~ q
bulwnrk between the Republican
party and the Interests OF the people.
With this reliance we do not fear
force bill, and demand that this House
give 10 the people full measure NJ
redress for tho wrongs done In '13.
cloud applause on the Democratic
slde.)
STONE, OF pEsEsYLvAsrA,
denounced the pending bill a. not
bill for the free collage OF gold and
silver, but bill for the uullmlted
issue OF paper money. He hal a
suspicion that the bill II an heirloom In
tho Bland family. (Laughter.) In
reading the history Of his country he
discovered one Regard Bland. lead.
ing member Of the house Uf burgessos
In Virginia In lsis. Like his dis
tinguished namesske Of today he
seemed 10 labor under the ideh that the
economic and financial system Of his |
day needed tinkering with. (Laugh. !
teri In those days the currency OF
Virginia was tobacco, n hogshead Of
800 pounds. (Laughtcr.) The incon.
yenionce OF carrying around the legal
tender OF the day naturally aroused
desire to devise more convenient avs.
tenn OF currency. The desire took
shape In the Bland bill OF Isis.
(Laughter.) This bill was almost the
counterpart Of tho bill Of today. II
provided for the establishment Of gov
eminent warehouses and the appoint.
mept OF government inspectors In
charge. The Bland bill OF today pro.
vides for the use Of the minis already
created. The bill Of isIs provided for
the deposit OF any amount VI tobacco
by any person and the Issue OF "to.
bacco notes" therefor, 10 bo no.
cepted M legal tender receivable
for the debts and dues OF the
government. The bill OF today
provides for the deposit OF silver bull. |
lion, whether owned by an inhabltant
Of England, Africa or America and
the Issue therefor Of notes as legal ten
der, receivable for debts and dues OF
the government. (Laughier.) This
bill was not bill for the iree unlimited |
coinage Of silver, but n bill for tho un.
limited purchase ofallver. Nine bills |
were before the committee that did |
provide for free coinage. but all were
laid aside and this bill reported In their
stead. The effect OF this bill by repeal.
Ing the act oftwo years ago, would be
to restore the act OF 1878.
QUESTIONS ANSWERED.
"Does the gentleman take the posi-.
tion," inquired Bland, "that tho re-
psal OF the act Of July 4, 1890, would |
revive the force Of the provisions act |
thereby repealed.
"Yes, sir"
"That is u position contrary to all |
principles Of law | ever heard Of" |
raid Bland, "rhe act OF 1890 repeats |
portion OF the act OF 1878. Now this |
bill In repeating tho act Of 1890 does |
not restore the act ofls1s at ALL"
Stone persisted that Bland was
wrong that the passage OF the pending |
bill would be 10 revive the act OF 1878, |
providing merely for the compulsory |
coinage Of 81, 900, 900 per month.
At the conclusion Of stones 10.
marks Bland asked consent that the
debate, which would expire tomorrow
night, bo extended until Friday after. |
noon at O'Clock.
simpson, OF Kansas, objected on the |
ground OF public failure OF the friends |
OF the bill 10 make any allotment of |
the time TO representatives " the Poo.
ple's party.
Widner Dem.), OF New York, and |
Brawley, Of South Carolina lDem.l |
then spoke In opposition to the bill. |
Lynch, OF Wisconsin, Stout, OF |
Michigan, and Fitch, OF New York, |
earnestly opposed the bill.