Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-03-14

hut not really. The gold combination has
the press. The power Of Harrison and
Cleveland came not from the people. but
from the money influence OF England.
which rules US. II WAS the money-ioaniry
| combination OF the word-with head
quarters IN London. md with ramilca-
| lions IN every commercial centre ini the
werld-that put Harrison In his place and
put Cleveland In his place. That power
| has controlled our Treasury for twenty
| five years. That power has controlled
| our LEGISLATION. That power has control
| led our press And that power now tells
us that we can have no remedy but In
its generosity. But the day Of reckoning
"a at hand
LINDSAY FOR THE BILL.
Mfr. Lindsay OemocraU. OF Kentucky.
1 argued IN support OF the bill. He said
| that n he believed many OF the unfortu-
nate results which had been predicted by
some senators would follow the passage
OF the bill. he would be slow TO give IL
/ his support: but his brief experience In
the Senate had taught him to make al
| lowance for the unutterable evils predict
| ed in the discu-eion OF every measure
| II he believed that the enactment OF the
pending bill into law would reduce the
country to the single silver standard, or
| that IL would stand In the way OF an in
! ternatiOnal conference on the subject of
I silver coinage. he would be slow to give
I Il his support But It occurred to him
that the bill merely proposed TO carry into
/ effect that potion Of the Sherman act OF
| 1890. which Congress had deliberately de-
! clinod 10 repeal when II was repeating the
! silvcr-purchasing clause OF that act The
hill went no farther than TO provide that
the coinage provisions I'm the act OF 1880
should be executed within the next five
years
Mr.. Lindsay declared that as long as
the unrepealcd part Of the Sherman act
remained on the statute-books the silver
/ dollar coined under the act OF 1878 was the
ultimate money OF the country, and would
! redeem any oiCations OF the government
/ or Of private citizens, unless where there
was an express contract to the contrary.
| In the further course of his argument
/ he was asked by Mr.. WolcOtt whether he
meant to say that the law contemplated
that for every dollar Of Treasury notes
outstanding there should be coined silver
I dollars 10 meet 1t. but that the law did
not compel the coinage of 100000
month beyond certain date? His answer
was: THAT is my position. We have out
| standing S150.000,OO0 of these Treasury
notes. and we have only coined 36,0o0OO
| Of silver dollars under the act or 1880.
II was the duty Of the Secretary OF the
/ Treasury TO continue the coinage OF Sill
yer bullion until il was an coined, ana
| the necessary amount OF silver dohar
! should have been set apart, and the faih
! or seigniorage turned into the Treasury
/ 10 be used by the government for It's own
| benefit"
Mr.. Lindsay said that there was gong
10 be. under the bill, no sudden chdhse'
no immediate reversal Of the treasury
policy. There was going to be no sudden
| expansion Of the currency. Not more IMAM
one and a half or two millions per
month would be coined into legal-tender
dollars and turned into the Treasury. the
! expansion Mt the end of two years would
| l., only 10000. as the Treasury notes
| that were to be issued in advance OF the
| coinage would be redeemed by the silver
dollars and retired.
DOLPH IN OPPOSITION.
Mr. Dolph Republican). of Oregon. OPP
posed the BILL and said that 1t was pre-
| scented and pressed under false pretenses.
| Those senator's who favored IL were
| largely those who favored the free coinage
| Of silver. 1t was a reckless proposition
! TO increase the coinage OF standard silver
| dollars. or the issue Of silver certificates,
without any adequate provision for their
| redemption, or for their maintenance In
| circulation on a parity with gold. The
| bill was in direct conflict with the de-
claration OF policy In the act repeating the
| silver-purchasing clause Of the Sherman
| law-that policy being the maintaining
| Of parity between gold and silver 1t
showed that those who favored it were
| quite willing to place the country, at
once. on a silver standard.
| Tho passage OF the bill would not, he
| said, benefit the silver industry i'm the
| least; but, on the contrary. its tendency
| would be to depreciate silver still fur
| thtr. Theirs was now 100000 OF silver
dollars lying idle in the Treasury. which
could not be forced into circulation: and
| why. he asked. Increase that amount? He
did not believe that President Cleveland
would sign the BILL and he would not
believe it until it had actually received
the Presidents approval and signature.
NO INTERRUPTIONS.
Various attempts Were made by Messrs
| Stewart Of Nevada Allen. of Nebraska,
and PETER Of Kansas. to correct some
statements in relation to the Populist
party but Mr.. Dolph declined TO permit
| any Interruptions. as he said he had an
| imperative engagement at o'clock.
lie went on TO read portions OF extracts
! from various publications. among them Il
book called Cheap Money" which eX-
| tracts, he said. he would have published In
the Record. To this Mr.. Harris objected,
asking satirically, whether the senator
wanted 10 put whole library in the Re
cord. Mr. Hoar suggested that Mr.. Harris
| might relieve the Senator from Oregon by
reading the extracts. but Mr.. Harris pre-
| ferred 10 let the Senator from Afassa-
chusetts do that-he was a remarkably
good reader
Mr. Allen also objected 10 the publ
| cation in the Record of anything not
read, particularly OF extracts from the
work Cheap Money" which he 4 no INC "a
as VIGOROUSLY false from beginning to
erd"
Mr. Dolph. however, seemed determined
20 carry his point, and so he began TO read
the extracts in order TO have The right
TO put them in the Record. But in that
he was thwarted by Mr.. Hoar who sug-
gested the point OF no quorum. a call
Of the roll secured the presence Of only
thirty-siX senators. and so the Senate at
$50 adjourned, leaving air. Dolph's speech
unfinished.
House OF Representatives.
The Speaker laid before the HOUSE the
resignation of Newton c. Blanchard as
q representative In the House from the
been appointed a senator from that state.
Mr.. Cummings OemocraU. New York,
asked unanimous consent for the present
consideration of "a resolution asking the
Secretary of the Navy TO report TO the
House all the facts In his possession re-
lating TO the reported failure by Carne-
gle. Phpps & Co. 10 furnish armor-
plates in accordance with their contract.
c. W. Stone Republican,, Pennsylvania
objected. and the resolution went to the
Committee on Naval Affairs.
MIR. Enloe Democrat, reported from the
Committee on Education the resolution
introduced by himself some DAYS ago,
with a recommendation that IL pass, cali
FMS, on the Secretary OF the Interior for
a statement OF the reasons why the Bu-
reau of Education issued a bulletin upon
education in Tennessee, written by FRO
fes.or Merriam. late professor OF poitcai
economy in Johns Hopkins and Cornell
universities. LII.
The book contAined statements 10 which
Tcnnessee's representatives objected as
lnnroperly rejecting on the STATE, anu
AZ Enloe stated that DR.. Harris, Com
missioner of Education, had said TO the
committee that The bulletin should be
edited before being further distributed
The resolution was agreed to'
SUNDRY CIVIL BILL
The House then at ! o'clock resolved
al N