Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-08-28
TELEGRAPHIC.
CLOSING DEBATE.
The OralOTlCal Efforts on the Silver
Question in The House,
BLAND IN BEHALF or SILVER
Congressman Wilson Maintains that
the Repeal Bill Would save
the Country.


silver mon said no saw no reason
whatever for changing tho existing
ratio OF 10 10 |. The production OF
silver anu gold for the last hundred
years had been ratio Of about 100
10 1, and that was the ratio OF silver
coinage OF the different nations OF The
world. 30 far rs the operations OF tue
sherman bill were concerned the
people issued their own money under
II; and what harm, after all, did the
silver In the treasury do? Thirty OF
forty million greenbacks u year were
nut In circulation.
lie sent to the clerks desk and bad
read diepatch referring TO an article
In the New York Evening Pot, as to
the application OF pressure in favor Of
rrpeal Of the Sherman act, the pressure
suggssted being treat 10 withhold
credits from county merchants. lie
denounced the articles, aud declared It
a notorious fEct that the people o.! the
South anu West who had money on
deposit In the New York banks could
not have their checks paid. This WINS
being done 10 weaken the western
banks and to have IN iniluo CO upon
their representatives In the south.
The silver men in the House had
offered several comprOmlaes. If those
compromises were rejected, there
wouit never be another compromise
offered. (ApplAusc.l To maintain
the gold standard meant 10 domonetLe
silver, anu o. lower the pEicrs OF labor.
The Wilson bill asked tho United
States Congress 10 20 legislAte % TO
nid 10 the prosperity OF England and
Austria, nnd TO the distress aud aivef-
atty Of the farmers and miners Of
America. He had not adyocnie1 the
Sherman law. He had not voted
against Il, but II was now the last
bulwnrk OF silver. IL was proposed to
dumoneiZe silver. Now was the time
20 let the cOu ntry know who were the
friends OF silver and bimetallism In
this House.
To strike down silver would mean n
political revolution. That would strike
down both the great political parties.
For onn he WAS willing 10 join the poo
pie, even though Democracy would
have to 20 to the wall. tApplause.)
M'MiLLAS's AMENDMENT.
Mcmillan OF Tennessee was the next
speaker. He said there were three
kinds OF currency In the country-gold,
silver and AIeT-And he would keep
those three kinds OF currency, each Of
them equal TO the other. Hs would
resist any effort 10 legislato the destruc-
ton OF either Of these kinds Of cur.
rency. He did not want monometnllism
Ia either silver or gold. He wanted
bimetallism.
Gear said that in his Judgment the
Sherman law had been enacted 10 pre-.
won't the enactment by the Democrats
Of n free coinnge bill. He should vote
for the repeal Of the Sherman act. lie
could not vote for free coinage with n
ratio OF 10 TO |. A ratio Of 20 To
wCuli DO something better, but even
then, in the markets II tue world,
silver dollars would DO 83 per cent be-
low par.
WILSON'S LAST WORD.
Wilson OF West Virginia, author Of
the bill, closed the debate with a speech
IN support Of the measure. BY univer.
sal consent, he said, the eO.Cnllod
sherman act failed 10 justify the expoc-
tatlons Of those who trained H. IL had
been expected to raise the price Of
silver bullion Throughout tho world.
Tina. expectation had proved false
one.
II has been argued from the flrst
speech 20 the last made against the
pending bill that It would, while stop.
ping the purchase Of silver, throw the
county upon n gold basis. The bill
proposed hero would not demonetizB n
single silver dollar today circulating In
any part OF the country. The bill had
come, not to destroy, hut 10 save.
lApplaute.l IL had come not 10 strike
down silver, but to place II Mt once anu
ioieveron an impregnsblo basis with
gold In the circulation OF the country,
tApplausel
Martin Inquired II the passage OF tho
I'LL would neCcssithte tho sale VI bonds
Ia order TO secure gold.
Wilson said he would merely repeat
his remark that the passage OF this bill
would 1T once and forever restore sill
yer to parity with gold, and there
would DO no necessity Tor tho govorn.
msnt 20 issue bonds for any purpose.
Applause 10 carried with II not only
u promise Of maintenance OF parity
Dutween gold and silver, but carried
parity. tApplause,l
MtNllltau inquired NuNAlti wv kfA-
lleman proposed 10 follow this bill ~
with u proposition for free coinage.
wilson TeiOinnd that be was satisfied
II was the earnest desifB OF the admin
istratiou not only TO support the exist
ing silvor circulation Of this codntty,
hut To increase the issue OF silver cur.
iuncy to the utmost extent that II was
taie TO DO, and 10 keep silver ON n
parity with gold. [Applause.l
The speaker then declared IhRtthe
hut b0nuht 10 accrue from this bill
was restoration Of the confidence Of
the people Ia their own money.
Recess until eight in the evening.
A. the evening session Tracy Of New
York side with tho PTenileut on tie
silver question ana stone OF kuntucsy
favored the equal use Of gold anu sllvef.
Boutelle Rop.) Of Maine said he was
willing 10 lond his humble aid u the
Democratic President, but Insisted
That the financial question had been o
PARTISAN one AMI no would show from
twenty year9 record that the Demo
cratic party hal been on tho wrong
aide.
Fellows (Dsm.) of New York, speak
Ing OF the city OF New York, SAID he
demanded uud money currency AMI
Hhe cared nothing whether that cur
rthcy was gold On paper, provided
every CELLAR was equal 10 every other
cellar.
Etri4,. ...t....,..t. Nt...,.lut.N