The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-02-14

Bill Occupies Atten-
ti0n of House
Mr. CuIberson Of Texas Favors
the Measure.
STRONG AGAINST IT.
Mr. CO0mbs Opposes 1t as Busi-
ness Proposition.

wAaHrrorov. Feo lathe house
spent yesterday ia debate on the
Bland seignicrage bill the principal
speeches being those b. Mr Culoer-
son Ut Texas. in favor Of 5he measure,
and Mr. Coombs of New ork, lip op-
position Several times Mr Bland att
tempted W reach an agreement for
closing general debate to-day with
view to securing vote. bat objection
was made over forty members have
asked for time to speak, and 81 may
BE possible a special order VIII BE re-
uured 10 bring the bin to a vote. but
Mr. Bland does not think this method
VIII have to BE resorted rs
mir. johnson. Republican. Of North
Dakota. said he favored the coinage Of
seigniorage and silver bullion in the
treasury, but that that was only the
superficial purpose 81 The Bland Bill
NIT. Bankhead. Democrat. of Ala
bama supported the Bland bin a. mod
fled bv the amendment Of its author
offered Monday lie favored the
more liberal use Of silver and he conld
See no resason why THE legitimate
profit Of the government ia the pur-
chase Of silver could not be coined
into standard money
MIR. benson. Democrat, Of Alabama
followed Mr.. Bankhead and discussed
the general phases Of the silver ques-
ton from the standpoint OF free sill
ver advocate. Tile attrl 3uted the unl-
varssl distress fo characterization Of
silver lie sketched the trepIdatlon
produced IN the Old World BY the dis
ruption of the trade value In India
fTr Coornb Democrat Of New
York. opposed the pending measure
Lit was not pleasant for him. he said
to differ from hts coI1eaUues He APP
preached the question, be said, as a
business rronositi9n. The first s-.-
ton of the bIll provided for the coin
ace 0f the imaginary seigniorage ii
the treasury. There bad been pur-
chased since 1890 $50. coo, 600 ounces
of silver. for which the government
paid S464, 600. 600 Its value to-day was
but S2g5. OOO. 900. In other words. the loss
be gl6s- GOO 600 tsNeta said Mr.
Coombs. -tvve are asked In the face Of
that great loss to presume the govern
ment has made im seigniorage, since
1890. sos, 600. 600 i do not know Of
ANYTHING IFS tile shape of business
proposition more monstrons- There
are uosy e4le 900. 900 "a silver. If the
provisions of th5s bill should be carried
out this aggregate 81 coined silver
would be Increased to 5000 600. 900,
world butt &295, 600. 600.
Mr.. Bell Of Texas contended the
real question at issue was whether
the United States should exercise its
right Of sovereignty to- issue paper
money on Issue interest bearing bonds,
upon which the national banks would
issue national bank notes If the
treasury notes We're redeemed and
cancelled he continued and silver or
silver certificates issued ia their stead,
tie inevitable result wound be the
boarding of the legal tender money of
the country. The people did not want
silver. Ina spite Of the great effort
to get it into circulation, in
spite OF the fact that $780,
600 had been spent 10 sending
it to various sections of the country,
it had all found it's way back to the
treasury. and there were now out
standing "a beqgarlv $50 0OO. 900. If
there must Be imitation. why not issue
paper money; why NOT save tine ex-
pense Of couage2 II there should
finally NE disaster on account OF the
over issue of silver. the poor, una bic
to bear the loss would be the sufferers
There is no better plan for pushing
this country over 0n t0 i Silver basis
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