St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-23
HOUSE REPORT.
Many Members Take Part in the
SiIver Discussion.

many MenDcFS rake EaPt IN the
Silver Discussion.
WASHINGTON, Aug. 22.-The speaker
laid before the house a communication
from the secretary of the treasury in
response to the resolution of the house
asking for information relative to the
purchase and coinage of silver under
the Sherman act.
The silver debate was then resumed,
and Mr.. Brickner addressed the house
in favor OF the repeating of the purchas-
ing clause.
Mr.. Mallory (Dem., Fla was opposed
to the unconditional repeal of the pur-
chasing clause of the Sherman act and
also opposed to the free coinage Of sill
yer at the present ratio of 16 to l.
Mr.. Hopkins (Rep.. Ill) read some
portions of the presidents message and
commended them. The Republicans
had come here to meet their Democratic
colleagues, not as partiSans. but as
patriots. Representatives had come
here to meet the demands of the people
in this emergency and to show the
country that SectiOnalism and partisan
ship would not control either of the
great parties. This was the hope that
mad been INDUCED in, not only by the
Republican members, but by the peo-
pie, That they were all fated to diSap-
pointment was now we'll known.
He then proceeded to argue against
the Bland amendments to the Wilson
bill and i'll support of the repeal meas
ure. The amendment offered for the
free coinage of silver at the ratio of
sixteen to one would, if adopted, place
the country Oh a silver basis and drive
the geld in the country to safe deposit
companies or to other places where
trade and commerce would know it no
more forever. The free coinage of sill
yer would still further aggravate the
disease which it sought to remedy. He
would vote against all the propose d
amendments to the Wilson bill.
Mr.. Lane (Dem. ILL., spoke In support
of free coinage, claiming that silver
was the equal of gold dollar. The
silver dollar was worth 100 cents in any
bank, in any store, in this country. He
was here for tree coinage, and might
God forget him if he forgot his duty.
[Applau Sc.
Mr.. Newlands Pop. New voiced the
demand of his region and vigorously
advocated the free coinage of silver.
Mr.. Bynum Dem. Ind.), in advocating
| the Wilson bill, said that unquestion-
ably the vast majority of people be-
| lieved that the Sherman law was re-
| sponsibe for the evils described by the
president. Since the passage of the act
| the price of silver has gone steadily
| down. By this fall the government was
| losing more than $4,000, 900 a year. Gold
was being exported in large snms. He
highly eulogIzed the action of Secretary
| Carlisle for his refusal to issue bonds.
] He did not believe that vote would be
! changed under the threat that repre-
sentative would lose his seat who voted
for the Wilson bill. The time had come
| when cant and Subterfuge should be
driven from these halls and Judgment
and reason restored. Applause.
1t was said that silver had appreclably
fallen in value during the past twenty
| years because during that time it had
been nnder fire. There might be some
truth in that assertion. The United
States could not open its mint to free
coinage at any ratio with the mints Of
other civilized nations closed against it.
This country could decide on no ratio
that would give a fixed value to silver.
If the United States should adopt
free coinage sct, there would
pour into this country in one
year more silver than the mints
could coin in ten ye ars. The free coin
age of silver at this time would be the
severest blow that could be struck at
that metal. Free coinage here meant