The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1894-02-15
SILVER BILL
Mr. BANDS Measure is Taken Up In
the House.
The cainsge OF fbe Set<nieraee seems to
10 Quite n Pspu.ar Idea A.aous Con-
gresssisn, and II Is Thought That
It Nul SAreiy Gs Ordarsd

WAsntxcTox, Feb s-The free sill
yer men Of the house Thursday Won
the frst victory Of their cHtnp :' ign for
the coinage OF silver. IS proposed IN
the Bland seign:cr21e ect, .: muster
ing Guorr,n. Speekar Crisp had his
named called and voted with Mr..
Bland His vote Yves unnecessary, as
the recult OF the vote wns III in favor
CT taking UP the Bland Gill and fot.r
a.gsinet it, showing the presence OF two
more votes than was necessary TO make
a quorum. The speakers action ina:-
Gated that he Is friendly 10 silver, and
that Mir. Bland con depend upon the
committee On rules tor cioture 1850
luton if the flibustsring of tho anti
silver opposition becomes dangerous.
Tie new points for argument that
come up under the rili GRO discussions
of the legality of the proposed coming
of the so-cslled se;gi,oirsee. and the
condition Of the treasury with respect
to the issue OF bonds for the restoration
of the gold reserve.
An ohjectionab bic feature OF the blu
is the compulsory clause which directs
the secretary OF the treasury TO i.sre al
once the entire amount OF certificates
against the sci2nciraee. This objcc-
ton was met by Mr.. Bland Thursday
with a statement that it would not be
necessary to issue the entire amount at
once, and that lie vss willing 10 make
the issue Of certScates proporsionate
to the capa city Of the minis
The second section provides that
whom treasury coin notes arc presented
for redemption, they SHALL 'jts redeemed
in silver in case the silver co;E In the
treasury exceeds the arn"U2t Of gold
coin. This fee ture o: the Dill il strong
IL opposed by eastern democrats, and
from the remarks CT M. Galley and
other silver men, !. Is mere than prob
able that some modification OF this sec
ton Will be made, the natrrc CT which
will be to protect existing treasury
notes from enforced redemption il sill
ver.
Opposition to the entire project of
the coming OF sciSniorago that will be
made on the floor Of the heuse * based
on the argument Of certain bankers
who point cut TINT nearly all ths $780,
O0o Oo0 Of treasury notes issued by tho
government ere hcl.; by national banks
as portion OF their ict:sl raso--c.
Against these $3.50, ccl, 600 Of treasury
notes tta entire amount OF silver now
in the treasury, Is pledged. 10
reduce this by issuing certificates
against 80, coo, 600 OF It as alleged
seignorago Is to reduce the value of the
collateral that much The immediate
resals will be, they threaten, that ev-
cry hank will 1T once proceed 70 re-
doem it's treasury notes III gold, and
the gold reserve, Which Secretary Car
Isle has, after infinite labor, succeeded
In restoring to its normal condition,
must be again invaded, this tirns even
more disastrously than before
The outlook Tor the passage Of the
Bland bill modified by it's friends,
seems excellent. It was nottcea bio
Thursday that many Of the democrats
who had been forced by President
Cleveland into supporting the bill FOR
the unconditional repeal OF the pur-
chasing clause Of tho Shornan act
Thursday supported Mr. Biz OF the
fourteen democrats in tie OHIO dcleSa-
ton five, Mcssrs. Donovan, Hare, Rich
ards, PEARSON ana Richie, who had
been unconditional rerealcrs, voted for
Mr.. BANDS bill Similar objections
Gre noticea BILE in other delegations.