Middletown transcript., 1893-09-23
ton.

IS & EzEsslEX&<tH1< tue ufSt sluStauc
s Skz gj that an impression
a .EE kz5AM#I has goneoht--I will
A&M not say that it has
been sought to be
sent out-that in the repeal Of the purchase
act half the money metal of the world i
struck down. 1t is not. The silver that is
coined to-day remains coined unless II
should be melted up for the arts. All the
British silver remains coined all the silver
Of the Latin Union, all that is used by
Europe and the Orient, all that is used by
us; and to create any such impression as
that, whether intended or not, is no better
than demagogy, and the country ought not
to misunderstood it.
did not understand the other day what
the senior Senator from Colorado meant by
aeaesaina.iagall thesilEer dollars as subsid-
iary. Ialways understood that subsid-
iary coin meant coin less than one dollar
to make small change, and that the larger
silver coin, the dollar. did not become sub
sidiary because it became, 50 to speak, a
representative money, value because Of
its having to be redeemed in gold. 1t does
not make the friends Of free coinage bime-
tallists because they would coin silver
freely, which would bring about silver
monometallism; nor are those opposed to
free coinage not bimetallists when by tax
ing this decisive act we will follow the only
remedy that is open to compel, if we do not
succeed in compelling, England and Eu-
rope to realize that there is not gold enough
togo around.
Ifthere is not, England will find it out;
Europe will find it out, and we will find ii
out; but we will all find 1t out together, and
we will take our remedy by common ac-
ton to correct it. II, on the other hand, it
should be the result of such an experiment
that there is gold enough to go around,
with the stores that are now produced an
nually. with the extent to which credit
takes the place of cash, with the employ
ment of credit money by the nations in all
their exchanges; if it should be proved de
finitely that we do not need silver; that it
does not bring about lower grade of
prices; that it does not augment the bur-
den of debt; that it does not have the be-
numbing and deadly influences, as Mr..
Balfonr put it, that would fiow from both
such causes, but that all that is only fig
ment of the imagination that would be
discovered in this last experiment, then
the world will have grown out of another
celusion. even though it be to the misfor-
tune of silver and the owners of silver
mines.
trust that such will not be the result.
donot believe it will be the result. Norep-
resentative of mountain State ever can
exceed my interest in the welfare of this
people. But do not forget that the dis
tinguished Senator from Colorado, with all
the seriousness which attaches to him and
to his position here. claims constantly that
his advocacy of the free coinage of silver
he would abandon if it was not for the bene-
ft of the country, and that he would not
sacrifice the general interest for that OF
his own people alone.
Mr.. President, we have been told that the
people demand the free coinage of silver;
that it is an outrage upon them to abandon
it or not to resume it; that they believe in
it. In all conscience, would ask on what
evidence is this claim made.
understand that the House of Repre-
sentatives is the popular branch of this
Government, and every time that this
question has been brought before the popu-
lar branch it has voted against free coinage
If free coinage has any stronghold it is not
where the people elect directly, but indi-
rectly, and in the Senate where the silver
producing States have under the accident
of circumstances very large influence in
proportion to their population. I do not
see where or how, by the ordinary standards,
they have any right to claim that they
above anybody else represent the people.
do not understand why any Senator on
this floor claims that he repr esents the peo.
pie because he is for free coinage above
those of us who are opposed to it.
l know that in this respect represent
the great majority and almost the unanim-
ity of my people But we have been
treated to patriotic union of the West and
South. 1t is proposed that party lines be
broken, old convictions abandoned. The
great interests that the people of this
country have in the issues of protection
and all the other questions which divide
parties, it is threatened, shall be thrown to
the wind, and the West which is for the
people and the South that will not sell its
honor are to unite in sweeping into power
a new administration for the free coinage of
silver
Mr. HoAR.-Will the Senator allow me
to suggest to him in connection with what
he has just said that in place which i will
not name. where an expression of opinion
two weeks ago on this subject was made by
those representing the entire American
people, the section of this country west OF
the Allegheny Mountains voted by Al ma
jority in favor of the repeal of the act OF
1890?
Mr.. H1aeINs.-Those facts are very in
teresting,
Mr.. President, the important considers
ton as to this subject is who is right and
which one is the hereto. If the opinion OF
tn ose in favor of isolated free coinage oi
CONTINUED on fourth page.