The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-03-21

Leader OF the C Goldbugs..snd Dresses Him
Down Neatly and Thoroushly.--Blanc
B.ll WIN be Passed To-day.
WASHINGTON, March a After the
routine morning business, the Senate al
1890 resumed consideration of the
Bland bill.
Dolpa (Rep y of Oregon stated that as
objection had been withdrawn to the
printing Of the extracts which be had re-
f.rred to in his speech Yesterday. be
would couslderithat speech as ended.
Then Teller {Rep.) Of Colorado ad.
dressed the Senate in support of the bill.
He denied the assumption of Sherman
and of other Senators who had argued
against the bill, that the ACT OF 1S9O
lett the coinage Of silver to the discre
ton of the Secretary of the Treasury
and he declared that the Act was mapda'
tory and that under it the Secretary
should coin as many silver dollars as be
had issued Ire easurY notes. If $l55,
100000 OF Treasury notes had been ls'
sued, then l55, ,000,0 of silver dollars
should be coined for the redemption ol
tbs Treasury notes. He claimed that
the difference between the purchase
price of the silver bullion and It's mint
value should be put into money and USED
FIR current expenses-because the Act
declared that the seigniorage should be
turned into the Treasury. and be also ar
eued that the proper execution of the
law required that there should be for
every dollar OF Treasury notes silver
dollar lying in tho Treasury ready to be
paid out to the nan who demanded 1t II
exchange for Treasury notes.
There were one or two other points
in Sherman's speech which he desired to
contradict. Oae of them was the state
ment that there was board of 364, ,000,.
600 of silver dollars lying idle IN the
Treasury. "There is no hoard OF that
kind in the Treasury" Teller asserted
with emphasis.
The statement is an unLruth. Sher-
mau spoke oft as an idle hoard. There
is no idle money IN the Treasury OF the
United States. There has been 40 idle
silver money in the Treasury, except
that which lies behind the Treasury
notes, to the extent of $35 900. 900. The
statement made here by q member OF
the Committee on Finance (Mr. Sher'
man) and sent broadcast to the world
that we bave:a hoard of 1854, 900, 900 OF
idle silver money in the Treasury Is un-
worthy place in this Senate. It is
absolutely untrue, and is known to be
untrue by every member Of this body.
And vet that is the kind Of food that is
fed to the people by those who put this
country on the gold standard; and who
are not satisfied with having destroyed
the Industries Of the country, but are
now a.tem pting'to disgrace ps as Sena-
tors BY showing that we are supporting
a bill Infamous in its character, and bY
misrepresenting the facts to the people
of the world. This debate has been
most Unfair, as debate has always been
on The palt of the men who advocate the
cold standard. It has been unfair IN
mauy respects. 1t is unfair, or else it
lacks in intelligence; and frequently it is
uufar and lacks in intelligence also.
Every dollar of silver money that has
been coioed is doing money duty and IS
doing 1t With infinitely more poteLcY
AMI power than any gold money that is
u circulation in the United States. A
mere Unfair ard untruthful statement
ccu'd not have been mace.
Teller said that be would not consider
it very great disaster Il the country
were on silver basis. It was on a gold
basis now and the condition Of the coun'
try was not happy one and 1t was a
notorious fact that countries which used
silver as Standard money only were IN
better condition than the United States
was in. This was the only country in
the world. Teller said, whose legisla-
tors deprecated It's money. Why was 1t
that France could doat eight or niue hum
dred millions of silver money? 1t was
because no Frenchmar ever dared 10
stand up in legislative body in that
country and declare that the money OF
country was not gooo money. 1t was
left for this country alonge to have its
legislative members to repudiate the
government money. Since 1878 there
hada been 'coatluued attempt by the
Treasury Department to depreciate the
silver money Of the country. All the
great commercial and banking agencies
OF the country, led or supporte:: by the
great metropolitan press, had been
endeavorlDg to make the people believe
that silver was unfit tor money and 1t
would not discharge money duty. The
Senators from Ohio, Wisconsin and
Oregon (Shernan. Villas and Dolph) had
told the Senate that the American sill
yer dollar was a forty FIVE cent. dollar.
But" Teller asked, ''has 1t anywhere
failed TO buy one hundred cents wortn
of anything which anybody has to sell?
1t is true that measured 10 gold 1t will
only brius IS cents. bat measured IN
CON mod;ties it will buy sixty per cent.
more CT wheat, Of corn and of cotton
than it did in 1872. 1t is dollar which
is as good as gold"
George (Dem J of Mississippi argued
in support OF the bill, although he ad-
United that it was "artlficlally drawn,
lnapt in expression and with some am
bisuity in 1t.
1t was not, be said, fee coinage
measure. He wished that it were, If
there was any chance of Its becoming
law. The bill proposed only to require
10 specific terms the coinage of silver
already pu chased, already owned by the
government aud already required by
law to be coined.
While Geo ge was still speaking, the
hour of . O'Clock arrived, and then Har-
ris (Dem } Of Tennessee rose and de-
p3auded in acco dance with the terms OF
unanimous consent, that the vote be
taken OF Mr.. Allison's motion to recon-
slider the vote ordering the bill to third
reading. The vote was taken aud the
motion was disagreed to-yeas %, nays
Is. as f,llowi:
Yeas-Aldrcb, Allison, Brlce, CAT
fery, Carey, Chandler, Cullom,- DAVIS,
Dolph, Frye, Galllnger, Hale, Ha"ley,