The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-03-25

tee, said he desire me TO open the
discussion for the only party tlat IS OPP
posed to this neasurs-
Mr. WILLIAMS OPPOSES THE BILL
In his opening remarks Mr.. Williams
said ne trusted that he Voull be found
TO represent not only the minority of
the committee, but the '-the majority
OF the minority of the committee" as
well.
81 am 81 acting" he said, ''in behalf
of cause which, SO far as 1 know,
knows NJ party but is a mere question
of patriotism on both sides. Applause ]
A man who now draws the party liae
upon the merits of this question does
not represent his cause. He represents
himself or his party, but he does not
represent the true interests of the great
American commonwealth"
Continuing, Mr. Williams said that
members OF the house ygould feel
obliged to vote for free coinage al
though they did not believe in it, be
cause their constituents have 50 in
structed them. Considerations which
now weigh with mem bers would not
weigh in local conventions AMI local
committees. He believed that an ap-
precisting stan lard is better than
calculating standard better than con-
stant!y falling standard It had been
adjudged that as we had the free coin
age of silver before 1873 without disas-
trous results, why should disaster now
follow this bill? He desired to remind
the American people that the none
tary conditions OF the world have en-
tirely changed since 1873 and those
conditions are now beyond our control
Gold is the standard OF nearly all the
nations of Europe, and when we de-
clare for the free coinage of silver,
where Will gold go? It will go to
premium and a 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 81. That means rspudia-
ton; it means the throwing of this
country into a dishonest settlement of
every debt contracted upon our present
gold basis GAPPlause.I In conclud-
ing Mr.. Williams presented the substi-
tute bill of the minority providing for
an international monetary conference.
MR. HARTEB's OPPOSITION.
Representative Harter, of Ohio.
also democrat, now spoke in OpPOsi-
ton to the bill, aud insisted that the
Bland bill instead of increasing the
volume of money IN circulation would,
in its results, actually deere ase it The
day after the president signed free
coinage bill, instead of having 81, 500,
OOO QUO in circulation for the use of the
people we Will have s., 600, 600, for
money will be depreciated to this ex-
tent Democrats are opposed to pro-
lection, yet many OF them desired by
this bill to give the silver producer the
benefit of a protective system
Continuing Mr.. Harter said that
since 1873 we have in eighteen years
miuted ST29 600 900 in gold alone, or an
average of over $40 900. GOO per year.
Now, under the Bland bill, this would
cease and free coinage would drive out
our gold and leave what remained mer-
chandise. as wheat, corn and cotton
are. Unlimited coinage of gold and
silver on the basis of 10 per cent of
silver to 1 of gold would drive out the
gold because it would undervalue it
Gold sells in all parts of the world
for % SO times its weight in silver, and
if under free coinage we only give it
value of 10, all human experience
shows we would have no gold in circu-
lation after the president signed free
and unlimited coinage bill This bill
| is called free coinage bill. It is not
| such in any proper sense whatever,
and it is, pure and simple. bill to COM
pei the people of the United States to
! buy the entire product of most pros
porous and fiourishing interest, small
/ in the mum Der OF its mem bers but
very rich in dollars AMI cents, at a
price which gives them on the cost of
OF ordinary protection) a protective
| tariff or bounty of over 143 per cent
Not content with this enormous bur
den which the bill places on the over
| g. OOO 600 of our people in no way in
| terested as owners of silver mines, it
proposes to make Us the virtual pur-
| chasers of alt the silver produced in
| the world and at 81. 20 per ounce, while
/ much of it costs not over 81 cents per
! Il n Of "A ia
| Quoting the profits the lead prod
| ucts, not over to 20 cents an ounce.
/ - submit that an equally mad propo-
! sition never secured the assent of any
| Legislative body in the world and if it
/ passes this house, now that its provis-
ions are laid bare. it will be a record
| which Will come back to plague and
/ shame its members down to the hour
! when they go into their collins. If we
are to have coinage and free coinage
we must follow law and precedent.
| We must aim to do as this country has
! always done before and as every other
nation has done and that is to make
the coinage ratio in close accord with
1 the market ratios.
1--WE would but for this Bland dis
| cussion, be getting in fr ON Europe
| SIS, 600, 600 to SD, 600, 900 gold month.
! Instead of this, alarmed and excited,
| Europe is sending back our stocks and
securities by the ream- Her purchases
of a quarter of a century past are COM
ing back by every steamer, and instead
of gold reaching our shores it pOurs
ont and away through every channel
Continue this wild craze for free silver
and fair crops in Europe next year will
bankrupt the United States. Neglect
our present great opportunity and who
can tell when it will come again Let
US counsel and compel wise and prudent
! action now. to-day, instantly, aud those
! who come after Us will praise our wis
dom and bless our memories Neglect
this opportunity and the names OF those
| whose votes fasten ruin on our land
viii rot beg to be forgiven If have
said a word that hurts the feelings OF
any member of this house 1t has not
been my intention or wish to utter a
syllable which would fall harshly or
any ear. but have been SO wholly alb
sorbed in the fearful consequences to
my country which must follow this
class of legislation that I may have
forgotten men while denOuneiag the
measure"
Mr.. Rayner, also democrat said
that the mine owners who were given