The advocate., 1892-06-01

ways and means, in reporting this bill
back to the house from the committee o.
conference used the following words:
Mr.. Speaker-I have few words TO say.
approach this subject with more depression
of spirits that ever approached any Ques
ton. No personal motive influences me,
hope not at least. have a melanChol!
foreboding that we are about TO consum
mate ounningly devised scheme, which
will carry great injury and loss to all CLASSES
of people throughout the Union except one
With my colleague, believe that NO act Oi
legislation was ever hailed with as much de-
light throughout the length and breadth Of
this Union by every class of people, without
exception, "a the bill which we passed snd
sent to the senate. Congratulations from
all classes, merchants, traders, manufao.
turers, mechanics and laborers, poured in
upon US from all quarters. The boards oi
trade from Boston, New York, Philadel.
phia, Cincinnati, Louisville, st. Louis,
Chicago and Milwaukee approved It's pro.
visions and urged it's passage as il was.
have q dispatch from the chamber Of
commerce, Cincinnati, sent TO the treasurer,
and by him to me, urging the speedy pas
sage of the bill as il passed the house.
II is true there was a doleful sound came
up from the csverns Of the bullion brokers
and from the saloons of the associated
banks. Their cashiers and agents were
soon on the ground and persuaded the
senate, with but little deliberatlon, to man.
gle and destroy what it had cost the house
months TO digest, consider and pass. They
fell upon the bill in hot haste and 30 dis
figured and deformed it that its father
would not know il. Instead of being a
benefcent and invigorating measure, it ID
positively mischievous. Il has all the bad
qualities which it's enemies charged on the
original bill, and none of its benefits. Il
now creates money and by its very terms
declares it deprecated currency. II
makes two classes of money, one for banks
and brokers, and another for the people
II discriminates between tine rights OF diff
ferent classes of creditors, allowing Che
capitalist to demand gold, and compelling
the ordinary lender of money on individual
security to receive notes which the govern
ment has purposely discredited. All classes
of people shall take these legal-tender notes
at par for every article of trade or contracts,
unless they have money enough TO buy
United States bonds, and then they must
be paid in gold. Who is that favored class? ?
The banks and brokers, and nobody else.
Mr.. Spauldlng, Of New York, who In
troduced the bill in the house, con-
demned the action Of the senate in the
following language:
cannot see that the banker or the holder
of treasury notes is entitled to any prefer
ence over the soldier or citizen under these
two laws Of congress, and yet, If you con-
cur in these hard money amendments of
of the senate, you will compel the soldier TO
take the legal-tender treasury notes In pay
ment for his $13 per month which you
agree to pay him, while you pay the banker
his high rate Of interest semi annually in
gold and silver coin. Is this right9 Will
this be melting out just and equal laws to
the loyal citizens of the government?
What will your army say to an agreement
Of this kind2 Sir, cannot consent to such
to such amendment, to such
injustice.
In speaking on this same subject,
Henry Wilson, since vice president, spoke
as follows:
look upon this contest as contest be-
tween the curbstone brokers, the Jew brok-
ers, the money brokers and the men who
Ia.