The record-union., 1893-08-17

which in his opinion, had never been sur
passed by any state paper.
Ia opening his argument against the
unconditional repeal OF the Sherman law,
Bryan said: - pom the action Of this Con-
&fe>s might depend hot only the welfare
OF the South and West; not only the vel
fare of the United States, but the welfare
Of humanity itself for ages to come. Some
outside of this hall had been assured that
the recommendation of the President i'm
posed some obligations upon Democratic
members to do as he desired, and some
even had been hardy enough to suggest
that the failure to fall in with the recon-
mendations there made would subject the
dlssenter to administrative displeasure.
But those persons did the President great
injustice. The President would not for
moment forget the independence Of the
Two branches of Congress. Let the Presi-
dents own language rebuke those
who would from false fealty
change their conviction upon the
subject in order to conform to his
suggestions. The effects of our action
may be as far reaching. If the United
States, the greatest silver producing
country, abandons silver, it will in all
probability lead to the annihilation Of
silver os a standard money throughout
the world. The only law making any
provision for the increased use OF silver
money is the Sherman law. The President
recommended its unconditional repeal.
The Democratic members are under no
0nIlpaTfnn n aHnr,+ hiS raaNpnt,,caAati
since they are responsible to their con-
stituents only. and are in duty bound to
protect their rights and regard their
interests. We are being dragged toward
universal gold standard, to a realm
over whose door is written, Abandon
Hope All Ye Who Enter Here
There is no such thing as an honest
dollar, because an honest dollar would
always have the same purchasing power,
and the Government has never attempted
to secure absolute stability in the dollar
The most dishonest dollar ever proposed
is that child avarice and ignorance called
the gold dollar, for it would constantly
rise in value and cheat the debtor. While
we cannot secure an absolutely honest
dollar, we should approach it as nearly as
possible, and bimetallic standard ought
to be adopted, because with bimetallism
the money unit huctuates less than under
the siugle standard.
international bimetallism is desirable.
but not necessary, and not probable.
Other European nations wait upon Eng
land. England's interests lie in the di-
rection of gold standard. To make our
action lorapIay,+
to legislate for our people, and is an alb
dication of the right of selt-government.
we believe the restoration Of the right OF
Tree coinage. as it existed previous to
1873, would raise the price of silver bull
ION to l29 cents per ounce throughout the
world, and render unnecessary any
change in the present ratio.
The Sherman law did not cause our
financial stringency. Moneyed men of
the East, without intention, of course.
started the panic by exaggerating the
dangers Of gold expectation. When the
panic came they were injured as much as
anybody else. The trouble IS now that
depositors have withdrawn their money
for fear of the banks, and the repeal of
the Sherman law will not increase the
solvency of the banks"
Then Bryan spoke in favor of the
retention OF a ratio of is to /, arguing
that an increase of that ratio would be
detrimental to an international agree
ment as to the coinage of the two metals.
and the President had been deceived.
He had said in his message that the
people demanded the repeal of the Sher-
Aa+ l. h. q
Trade and from Chambers of Commerce,
but he had not heard from the farmers or
men in the workshops, and he could no
more judge OF the opinion of the people
than he could measure the oceans depth
by the foam on an ocean wave. The
President was elected upon a platform
thrice pledged to gold and silver coinage
Of the Constitution. Nine-tenths of the
people of the United States stood ready to
sustain him in his fight. In the face of
the enemy. bold and insolent. he had
ordered a retreat. Let him not be dis
mayed. There is time yet to win the bat
tie if he will but order the charge. VIII
the party stand by the principles of JEFF
terson and Jackson, or will it abandon its
right to its name? Will it choose life or
death, which?" Tremendous applause.
At the conclusion of the speech there
were loud cries of "Vote," and the Ne
braska orator was surrounded by his col
leagues congratulating him upon his great
effort.
Henderson iowa said the most graft
flying thing that could reach the people Of
the United States were those cries of
"Note, Vote" The people expected
early action. He would be glad to come
to a vote at once.
Moses of Georgia spoke against the re-
peal of the bill, and opposed the PROPOSE
ton to raise the standard from I6 to /, to
20 to /.
The House then adjourned.
ANTI-SILVER FORCES.
They Claim Majority for Uncondi-
tional Repeal.
WASHINGTON, Aug. l6.-The Executive
- ..++, $50 1.