Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1893-08-11

0PbiO'SN. - 49, - WV ~
acD. 1t provides that so much OF the
act approved July II, 1890, as directs
the Secretary of the Treasury to pur-
chase from time to time silver bullion
to the amount of 100000 ounces, or
so much thereofas may be offered in
each month at the market price there
of not exceeding 81 for 37li grains of
pure silver, and to issue in payment for
such purchase treasury notes of the
United States, be, and the same is here
by repealed. But this repeal shall not
impair nor in any manner affect the
legal tender quality of the standard
silver dollars heretofore coined, and the
faith and credit of the United States
are hereby pledged to maintain the par
ity of the gold and silver coin of the
United States at the present legal ra-
ito, or such ratio rs may be established
by law.
Then Mr.. Bland arose and desired to
offer resolution looking to the order
ofprocedure.
Mr.. Cannon wished to know how the
bill was to be considered Was it 10 be
referred to standing committee? Was
it to be considered in committee of the
| whole? Or was it to be considered in
the House as in committee of the
whole?
The Speaker replied that in the alb
snnce of rules it was for the House 10
determine the method of its considcra-
ton.
Mr.. Bland then presented the fol-
lowing order:
It is ordered by the House that House
bill No. l shall be taken up for immedi-
ate consideration and considered for
II days. During such consideration
night sessions may be held for debate
only, at the request of either side.
The daily sessions to commence at II
a. M. and continue until p. m.
Eleven days of the debate on the bill
TO be given 10 general debate, onder
the rules of the last House regulating
general debate, the time to be equally
divided between tine two sides, as the
Speaker may direct. The last three
| days of debate may be devoted to the
consideration of the bill and the amend
ments as herein provided, under the
usual five minute rule of the House as
in committee of the whole House,
General leave to print is hereby grant
ed.
Mr.. Bland demanded the previous
question on his order, but this was an
tasonized by the republicans, under
the leadership of Mr.. Cannon, who
wanted time to debate the question.
Under the ruling OF the Speaker, in
the absence Of rules or agreement, or
dering the previous question would
cut off debate. By the operation Of
voting by tellers Mr.. Cannon secured
sufficient support to secure a vote by
yeas and nays, and the calling of the
roll began.
The vote resulted yeas 2l7 nays 100.
So the previous question was ordered.
The resolution was then adopted.
Mr.. Raynor began the debate in sup
| port of the Wilson bill for the uncon-
ditional repeal of the silver purchase
clause. He said the adoption of the
| POLICY of free silver coinage would tie
the United States to the tail of any
bankrupt nation of the world. The
opening of the minis to silver might
for a time, he said, maintain the tic-
titious value of the coin, but the value
of the bullion would always be regu-
lated by the market price. AS long as
the Sherman silver act remains on the
statute books, so long will it be
impossible to effect an information
al arrangement; so long will mon
etary conferences result in failure.
He said that what kept silver and
gold at party was misplaced conf
dence of the people; and, in his opinion
if the real condition of the Treasury
were known, there would be no neces-
sity for the repeal of the Sherman law
it would repeal itself. The present
condition of affairs, he said, was far
worse and more serious than a mere
panic in the stock market. The law
had brought about distress, suffering
and stagnation, which called in the
loudest tones for its repeal. The con-
stitution nowhere establishes gold and
silver as the money of the country;
there is no obligation to coin silver, nor
to purchase and store it for the benefit
of the miner. While referring to the
platform of the democratic convention
Mr.. Rayner was interrupted by several
questions. In response he said, in
closing: 81 know that the declarations
of that document have been different
ly construed. according to the views OF
the various gentlemen expounding
them. But as for me, in this supreme
hour of nv country's need, 1 am not