New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-16

Gold would remain the


standard when such an agreement should have been
reaened-it would be the reieeIner OF the silver
increase Of transportation had decreased the price
0 OF Wwheat and the decline OF value in agriculiuraI
god Or silver. lie compared the Increase OF wheat
and greater tonnage % frcight-carrying vessels to
Prove that the superior facilities for handing me
crops had more than kept pace with the increase
IN Production. and had brought about a material
He believed that the Secretary OF the Treasury
could satisfactorily handle the financial question AZ
this time; lie believed that the people Of all sec,
tons could trust to his wisdom and discretion and
leave the matter 10 his judgment without the en-
actment Of mandatory instructions. If bill should
Treasury to ISSUE what would be practically fat
money II would sdd to the arendy great anxirty OF
ury at unprecedented rate, and create financial
troubles which could rot now be estimated.
JERRY SIMPSONS OPINION or BANKERS.
Mr. simpson pop, KAN asked n n shoemaker
could discuss the financial question, why could not
a farmer. The bankers desired currency which
would be A means OF money making for themselves.
while the farmer and laboring people needed a cur
rency which would be the most useful To them. and
attended with the less, expense. lie believed In
the issuance Of nat money. and thought the Gov
eminent could issue currency based upon the credit
Of the Government and increase the circulating
medium lie favored the pending bill because It
would Increase the volume of money. Mr.. Simpson
necessary by tine war. At that time the bankers
had come forward and compelled such legislation
as hes since then given them absolute control Of
the Governments, financial policy. Year by year
the money power had fortified It's position and cen
eminent hand and foot The speaker said that both
Understood that the Republican party favored free
coinage while those in the South believed that the
democratic party would advocate free coinage But
neither party kept the pledges made IN It's party
platform. This betrayal OF the people had done
more TO build M the Popust cause than all the
calamity-howlers.
Mr. simpson refued the impression which he aid
prevailed in the East that the Populiss believe In
an irredeemable currency. He SAID that a mistaken
idea prevailed concerning redemption, whicn con-
not the presentation Of n certificate To the Treas
ury Department and tho receipt for IL OF COL re
pronounced the whole system OF sold redemption as
a makeshft. There had never been an! money
fiat money to the wants and needs OF the People
he said that there should be at least enough money
to supply per capita circulation OF SO
MR.. BINGHAM OPPOSES THE BILL
Mr.. Bingham (2ep.. PENN spoke against the bill
which he said. was only another step in the move
ment 70 establish a silver currency. 1t was proposed
TO take a step backward. after giving notice TO the
world that this country had retired from the sil-
yer business and to resume the issue OF SILVER
money He regarded such legislation as spasmod'c
and calculated 70 disturb business interests anu
discourage foreign investors
Mr. Roatner dem. La favored the bill. wh'h
he said simply authorized the Secretary OF the
Treasury TO utilize the assets OF the Government to
pay its obligations
Mr. Enloe Dem, Tenn) said that the opponents
of the bill were not satisfied with the repeai Oh
the purchasing clause OF the sherman act Du'
desired 10 stop the issue OF money III any io' H.
He asserted that the opponents OF TINS D'ii VIE VIZ
determined 10 Kill every other INDUSTRY ~ ~
country except that OF clipping coupons IRON uoiS ,
If IN, credit OF the Government was AZ the M
OF Wall street, It should he allowed 10 go ny ~
| fault The effort TO establish plutocracy "o""'
fail ,t,s. ,ba hlll
Mir Hall Dem Mimi spoke againsI IN, me time
He believed that Il was only qu-Stl11iu ~ o.
uhen the seignorage would be coined. Inc bIlhI !,
Allison act and the sherman act "err s.gs scts ha
areduolIv led TO business depression ana pahloS an.
ihe country had been saved from inanclal "st , -
! onIv nv their repeal He said that II the S'l'dt,
had acted as promptly as the House ,helr ,, W." ~
| before this time have been a maiefla' Ie''" "a
! business. ~ 10 n laool argument
Mr. Goodnight Dem KY made iegai ~ ~ I'm
| against the power o! the Secretary "t y, honds
- 10 ,se money derived from the salc OF vo.,i
for any other purpose than that OF redee'''e visa"
tender notes.