The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-03-23


free coinage OF silver is proposed. "Are
we to be shacklsd here" he asked, "by the
apathy OF the governments of other na-
tionsi i our Gnanoial system to be regus
lated, not by our own ideas OF Justice and
our own convsniences, but BY the convs~
niences OF other nasionsl lApolausel
The momeut this great govern
ment declares for free coinage
OF silver other commercial nations, too, will
solve that question. Self-intersst will com
pei them to do so. The restoration Of silver
here means the restoration Of it everywhere
the world over. [Applause.l Gold and
silver have been the servants Of civilization
since civilization began. They are twin
brothers, and when you sever the Lgature
both are dead.
GOLD NOT TO TAKE WINGS.
Before gold can leave this country there
must be some other form Of money to take
Its place. 1t cannot disappear until some
other money takes its place. The moment
you restore silver, IL gold is taken from cir
culation, prices will go down in proportion
and that necessitates money from abroad to
purchase commodities here that go down
because of the contraction of money. Every
thing will be cheap. The man who holds
his gold is simply holding it
the channels Of circulation. Gold is a
tyranr. Gold won't tolerate any competi~
tion. He must dominate or he will have
nothing 60 do with your finances. Let silver
be coined once and see what the result will
be then. You bring him to the level Of the
common people Of this country [applausel,
20 the level Of silver, where he ought to be-
You may have to pay little more If you
have the two metals at par, but let US re-
member that as rule when money is
plentiful prices are good. You may have
to pay little more, but labor, after all, is
only money. Wall street is to-day demor>
alizing labor and wheat and cotton. This
bill remonetizes them ALL" [Applause.l
Standing here without regard to
party exigencyor or party ap-
plause. looking beyond the arena
Of politics Eto the great mass of
American people, he looked In the faces
and appealed from this hall to people
This silver question was one that would
not down because IL was one that theAmeri-
can people well understood. IApplause In
conclusion Mr.. Bland said: al appeal to
aside every idea of party exigency,
every idea but that which is right and just,
and TO cast their votes according to the
dictates OF their own oonscienoes and to the
pledges they made to the great productive
masses OF this contry. II they do that this
bill is safe, this cause Is won, won." Zap
plause.
Ia LIN OtJhCA6s
At the conclusion Of Mr.. Bland's speech,
Mr.. Taylor Of Illinois, of the republican
side, objected to Mr.. Williams, a demo-
cratic opponent of free coinage, opening
the discussion in opposition TO the bill.
"The majority OF the minority of the
coinage COMMITTEES" )" said he, "desire me to
open the discussion for the only party that
Is opposed to this measure. LDerisive
laughter from the republican side
Tha apAakar hald that kho viaxua of ha
minority and the substitute of the minority
having been presented by Mr.. Williams,
all precedents gave that gentleman the
privilege Of opening the discussion in op-
position to the bill.
MIR. Boutelle said he would deprecate any
recognition of Mr.. Williams as representing
the majority side Of the opponents of silver
IN the House.
In his opening remarks Mr.. Williams
said that he trusted he would be found to
represent not only the minority of the COM
mittee but "the ajority Of the minority of
the committee" as well. ''I am acting" he
said, ''in behalf Of the cause which, so far
as 1 know, knows no party, but is a
mere question of patriotism on both
draws party line 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 [Applause.
Continuing Mr.. Williams said that many
members Of the House would feel obliged to
vote for free coinage, although they did not
believe in it, because their constituents have
SO instructed them. The considerations
which now weigh with the members
would not weigh in local CON-
ventions and the local committees.
He believed that an appreciating
standard is better than a fiuctuating stand
ard, better than a constantly falling stand
ard. It has been urgued that as we had
tree coinage Of silver before 1873 without
disastrous results, why should disaster now
follow this bill. He desired to remind the
American people that the monetary condi-
tions of the world have entirely changed
since 1878 and those conditions are now be-
yond our control. Gold is the standard of
nearly all the nations Of Europe,
and when we declare for fra
coinage OF silver where will
gold gos II will 60 to q 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
be 20 cents to the dollar. That means
Reputation. 1t means the throwing of
this country into O dishonest settlement of
| every debt contracted upon our present gold
basis. [Applause.]
In conclusion, Mr.. Williams presented
the substitute of the bill Of the minority,
providing for an international monetary
conference.
HARTRR OPPOSES THE BILL.
Mr.. Harter of Ohio, also democrat, next
delivered fifteen minutes speech In oppo-
sition to the bill, and insisted that the Bland
bill, instead Of increasing the volume of
money in circulation, would. in its results,
actually decrease it. The day after the
President signed the free coinage bill, in-
stead of having 81 800, 900 900 in circulation
for the use OF the people, we will have
81 200, 900, 900, for the money will be depreci-
ated to this extent. The democrats are
opposed to protection. yet many Of them
desired by this bill to give the silver pro-
ducer the benefits of the protective system.
In the midst of the debate Mr.. Tracey Of
New York elected loud applause by an
nouncing to the House the unanimous cleo
tion of Roger Q. Mills as senator from the
state of Texas.
Mr.. Rayner Of Maryland said he eppre-
hended that all persons were in favor of
honest money, that they were not In favor
of depreciatde and huctuating currency,
and that they wanted measure of value
that was certain and stable, and not one
that was variable and changeable from day
to day and that had different
values in different localities in
which it might be employed.
An honest man when he owed a dollar was
willing to pay dollar, and when he gave a
dollars worth OF labor or sold a dollars
worth of merchandise he expected to re-
AalIau In rafuru IL fhia dollar