The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-05-23
Read This Carefully.

During the debate on the seigniorage bill.
senator Mitchell, of Oregon, said: 81 do
not know what the senator from Conecti-
| cut may have said upon that subject; but
the senator from Connecticut knows as well
as know, and as we'll as every other sem
| ator upon this floor knows, that all of the
| great metropolitan papers of this country
| every paper published in any commercial
center of any Importance whatever-were
full of statements to the effect that it was
aosoiuteiy necessary to repeal that act un-
conditionally, and that by repeal the ex-
port of gold would stop and prosperity
would come to the country. That Tas the
erect of the statements all the way
through"
Mr. Hawley-Mr. President, deny that
l do not accept the Herald the Times the
Post, and the World as representing Repub-
lcan doctrines.
MIR. Peffer-That was the statement made
on this floor at the time
Mr.. Mitchell, of Oregon-I am not talking
about Republican doctrine. I am talking
ABOUT the general demand made at the in
stance Of the banking interests of this
country and the metropolitan commercial
cities for the unconditional repeal Of that
act They made a demand upon u.s. They
SAID 1t was necessary to be done and that
to do it would stop the flow of gold from
this country to Europe and bring prosper
ity to this country, whatever the senator
might say to the contrary
Inc sherman act was Internationally re-
pealed. The demand was met-whether
rlShtfully or not. 1t is over five months
since the act was repealed, those pro-
Visions were repealed, and what has been
the result? Has the flow Of gold to Europe
stopped? Not by any manner of means
has prosperity come to the country? Not
10 any great extent Prosperity has not
come; not bit of it.
Ihere has been exported from this coun-
hn let
OF gold, While we have imported about
$2,0O0OOO, leaving balance against us of
nearly s4G0O,OOO in the last few months In
the first week Of March s170o 900 was ex-
ported, as against $4,000 imported leaving
a balance against US for the first week in
March of considerably over 81 $50 Co., 1t
was all talk, senator's. 1t seems that when
ever any proposition is suggested here in
the interest of silver, if we say we must
have free coinage, they say: "Oh, no."
Hands go up on every side. We cannot do
it; we cannot sustain it. We must have
an international bimetallic ARRANGEMENT.
for which our friend from Iowa CIR. ALI
SOM labored so assiduously and so ably
ana which he knows, as well as / do there
Is no more show of securing than there is
Of securing a railroad to the moon If we
say we will take the product of this coun-
try and utilize it, coin it, then they say
we are lot of inflationsts; that we are
crazy upon the financial subject. When a
little innocent bill comes here from the
house OF representatives, simply proposing
to carry out the policy of the act of 1890,
hands go up all around again, and they
say: mo, will not vote for that"
What kind of legislation in the interest of
bimetallism, senators, 1 ask you, in the
name of heaven, are you willing to accept?
l should like to know, and l would stop if /
had time now to hear from any sena tor on
either side of this chamber what kind of
legislation you are willing to accept in the
interest Of the bimetallisnl, which you pro-
fess to want, but which you invariably vote
against!