The Daily Texarkanian., 1894-02-15
NO. 146.
BLAND's SILVER BILL.
What the Texas Congressman Say
Concerning the Merits of the Bill.

| DplhlS IuC COulSC Ol Iue general
debate, on the bill introduced by
Mr. Bland for coming the silver
seigniorage, which occurred in the
House during Tuesdays session, it
CHANGED that three of the best
known representatives in Congress,
from the Lone Star State, followed
each other consecutively in address
ing the House on the measure. The
gentlemen referred to are Messrs.
Kilgore, Bell and Culberson "our
Uncle Dave" who spoke in the order
named as follows
Mr.. Kilgore of Texas was recog-
nized to complete his speech begun
last Friday. He began by denying
the statement made by the oppon-
ents of the bill that it would force
the secretary of the treasury to re-
deem the treasury notes of 1890 in
silver 1t would not in any way in
terfere he said, with the redemption
of these notes in gold and silver, at
the option of the holder, but having
been redeemed, silver coin or certi-
ficates would go out to take their
place in the country's currency.
Mr., Bell of Texas, who followed,
contended that the real question at
issue was whether the United States
should exercise its right of sover-
eighty to issue paper money orr issue
interest bearing bonds, upon which
the national banks should issue ma
tional bank notes. If the treasury
notes were redeemed and Cancelled
he continued and silver or silver
certificates issued in their stead,
the inevitable result would be the
boarding of the legal tender money
of the county. The people did not
want silver In spite of the great
effort to get if,
Mr.. Culberson Dem of Texas
said the general object of the Bland
bill was to get the silver bullion now
in the treasury in circulation as
rapidly as possible. About $55, ,000,-
600 of it would be a pure addition
to the currency. 1t would not APP
dreciate any class of money, nor
carry a taint Of depreciation into
the currency. He was free COIN
age advocate and in entire accord
with the purpose of the bill. If it
became the law it would save the
issue of $55, 900, 900 of interest bear
ing bonds. The government need
ed and must have that amount Of
money and more, too. To be en-
tirely frank the purpose of the bill
was to put 182, ,000,0 600 silver dollars
of silver certificates into circulation
His criticism Of the bill was that by
it's terms it would prevent the re-
demption of any treasury notes in
silver for two years. He pointed out
how, by an amendment, this objec
ton could be. obviated, and Mr..
Bland expressed his willingness TO
offer the amendments suggested.
Gentlemen assumed to be alarmed
over the prospect of the passage of
this excellent bill he contin-
ued. "The country is much near
er a panic now than it will be after
the passage Of this bill The banks
of the country can force insolvency
of bonds every forty-eight hours.
The treasury notes used in the pro-
cess should be retired, and if were
Secretary of the Treasury | would
redeem every dollar issued, for the
purchase of silver in silver" APP
plause. In conclusion Mr.. Culber-
son pointed out that in thirteen
years preceding 1891 but $3S, 900, 900
was redeemed in gold, yet in nine
months in 1892 1882, 600, 600 was re-
deemed. A round of applause greet
ed the close of Mr.. Culberson's
cpapch