New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-17
DETAILS OF THE DEBATE.
NETWORK BANKERS COMpILMENTED -MESSES.
M'CALL, COOMBS. BRYAN AND HEN


DERSON SPEAk.
Washington. Aug 16-When the silver debate
was resumed in the House. Mr.. Mccall Rep.,
MassD speaking in favor OF the repeal.
said that he agreed with the opponents of
the bill that bimetaism and monometallism were
at issue. but the cause OF bimetallism was repre-
scented by the friends of repeal continuance OF
the policy of buying silver would inevitably de-
prive the Government of its stock or gold and
place this country upon the silver standard, and
this would practically demonetize gold Under the
operation of the act Of 1890 the Government had
lost nearly 500 100000 of gold, and under con-
tinuance of the act the day could not be distant
when 1t would be unable to redeem in that metal.
The real question at issue one of standards.
1t would be madness, when the whole Of the civilized
and large part of the heather world had stopped
the coinage of silver for the United states to make
that metal the standard of value. He had listened
with establishment to the assaults upon the bankers
OF the country. The fury OF the present storm had
fallen upon them. and when he saw the courage
with which they had faced decreasing deposits and
increasing deficits and the ingenuity of the expe-
dents they had adopted to preserve the vast in
terests intrusted to their and 10 prevent "A
general breakdown in business far from calling
them Shyocks. he believed that they were, as
rule entitled in this crisis to the admiration, as
they certainly should receive the support, OF the
country. If the United States continued the ex
listing policy IL would inevitably extract from
our veins every drop of the rich solden blood that
vtazed the commerce of every civilized nation.
Pass this BILL and while it would not restore conf
dence at one blow, it would remove one of the
chief causes of the existing depression, and would
restore again large measure of the prosperity
which we so lately enjoyed.
Mr.. Coombs Dem n. " said that he would
not attempt TO defend the city of NewYork.
She did not ask 1t of him: she did not need it,
Her splendid record her own defence Who
ever saw more magnificent spectacle than was
now presented by the banks and merchants of
that great city? With the storm beating on their
heads from oil sides. calmly, quietly and consist
entity they held their ground and held out the
hand of help to every portion OF the country.
He highly commended the Presidents message,
which, in his opinion. had never been surpassed
by any State paper. But the President might have
said in conclusion that lit il condition
and not theory that confronts us" The Pres-
dent had done his duty, and responsibility for
action rested with Congress. He had yielded
much against his will and against his Judgment
to the agreement made to the method of
procedure on this bill During those fourteen
days OF debate disaster would be spreading
through the land. and the cancer would be eating
into the vitals of the people
MR. BRYAN's EFFORT
Dir. Bryan dem. Neb) said that he would fully
accomplish his purpose If he able to impress
upon tine members of this House the Importance of
the question which was now under consideration
and to quicken their appreciation of the grave re-
sponslbility which pressed upon them. Upon the
action OF this Congress might depend only
the welfare of the South and West, not only the
welfare OF the United States, but the welfare of
humanity itself for ages to come Some outside
OF this hall had assumed that the recommendation
of the President imposed some obligations upon
Democratic members do he desired and
some had even been hardy enough to suggest that
failure to fall in with the recommended tons there
made would subject the dissenter to administra-
tive displeasure But those persons did the Presi-
dent great injustice. The President had for
moment forgotten the independence of the two
branches of Congress- Let the Presidents own
language rebuke those who would, from false
fealty, change their convictions upon the subject
I'm order TO conform 10 his suggestions In the
message of lss5 TO this Congress at the begin
ing Of the first session there would be found
these words The jealous watchfulness of our
constituents. great and small. supplements their
SURFACES and before the tribunals they establish
every public servant should be judged"
IL he could understand the language Of the mes
sage il meant but thing 1T meant the burial
of silver with no promise of resurrection 1t was
the argument Of the gold standard. 1t led to uni.
versai gold monometallism. to the realm over
whose door was written Abandon hope all ye who
enter here.
The silver men were called cranks and lunatics
and idiots because they saw danger ahead of them.
because in the adoption of a universal standard
they saw disaster not only TO our people but to all
the world. The men from the West were roundly
denounced in the East Anarchists and destroyers
of the Government. The man who said that the
people should destroy the Government was called
an Anarchist, but the man who said that the GOV
eminent should destroy the people was called a
patriot (Applause) There was but one way OF
bringing gold from abroad except the Issuing OF
gold bonds) and that was to sell our product ana
secure the yellow metal But If We established a
single gold standard gold would be put upon the
auction block. Every time gold went abroad the
farmers OF the United States must lower the prices
of their products Then the farmers of England
would lower their prices in order TO get the gold