The morning news., 1894-02-16
BLAND'S DOODLE BATTLE.
The House Again Refuses TO Fix a
Time for Taking a Vote.


the Capitalists of the East-Jerry
Simpson Airs His Views on Fiat
Money-Enloe Speaks in Advocacy
of the Bill.
Washington, Feb 15.-In the House to-
day the committee on public buildings
and grounds reported favorably House
bills authorizing the erection of public
buildings at Newport, KY, and Brockton,
Mass. Calendar.
Mr. Bland asked unanimous consent
that general debate on the seigniorage
bill be closed at o'clock this afternoon,
tomorrow afternoon, or Saturday after
noon Objection being made, he said it
was evident that it would be impossible
to obtain unanimous consent, and he
would tomorrow morning endeavor TO fix
a limitation of debate by vote of the
House.
The bill was taken up in committee of
the whole, and Mr.. Bland corrected GER
tain statements made by Mr.. Walker,
rep, of Massachusetts, in his remarks
yesterday he having read extracts from
the record in which Mr.. Bland claims to
have been misquoted. He briefly re-
stated his position on the silver question
Mr. Rawlins, dem, of Utah, continued
his speech, which was yesterday inter
rupted by the adjournment. He said
that the gentleman from the east smiled
with derision at the financial theories of
the south and west. But the latter
sections of the country could live without
the east, whereas, the east, with its great
manufacturing enterprises and teeming
millions, was dependent upon the west
and south. The miners Of the west could
produce money for the people Of that sec
tion, while those of the east would be de-
pendent upon them.
LATndER ON THE DEMoEETIzATIoN.
Mr.. Latimer, dem, of South Carolina
supported the bill. He reviewed the de-
monetization legislation of 1873, adduced
evidence to prove that it was the result
of conspiracy against silver, and reclted
the evil consequences that had followed
its enactment. He believed that the Secre-
tary of the Treasury had used the lati-
-tude given him to discriminate against
silver. If the secretary had used the same
ingenuity to interpret the laws governing
the seigniorage as he had the status bear
ing upon the issuance of bonds, there
would have been no necessity for the in
production Of the pending bill.
Mr.. Hendrix dem. of New York, said
that the impression prevailing through
out theworld was that the United States
had gone out of the business of giving
fictitious value to deprecated money.
THE DEMON OF SILVER.
The demon of silver, like an evil genius,
was now haunting the English houses of
parliament The situation in India had
reached an acute stage The question of
silver affected the entire world, and was
now awaiting settlement somewhere, in
some way. The whole world is now in
listening attitude, waiting for England to
do something.
Speaking of the pending bill, Mr.. Hen
dirk said that its new features are not
good and its good features are not new.
Every ounce of silver purchased by this
government has been paid for in hard
gold, dollars the best money in the world
The secretary had heretofore
coined the seigniorage. He had
never come to congress TO do
what he was authorized to do by
the Sherman act. But he had no legal or
moral right to take an imaginary portion
of the bullion deposited i'll the treasury to
designate it as seigniorage.
The Secretary of the Treasury has al
ready coined 27,000,O0 of silver
bullion and had made seign-
forage profit of 100000 900 which had
been coined. Let him continue to coin
seigniorage from time to time in reason
able amounts, but not select an imaginary
portion of the bullion and designate it as
seigniorage.
EQUAL TO THE EMERGENCY.
He believed that the Secretary of the
Treasury could satisfactorily handle the
financial question at this time. He be-
heved that the people of all sections could
trust to his wisdom and discretion, and
leave the matter to his Judgment without
the enactment Of mandatory instructions
a WA g ,s..T..- 4
the Secretary of the Treasury to issue
what is practically fat money, it would
add TO the already great anxiety of the
people, and gold would walk out of the
treasury at an unprecedented rate and
create financial troubles which could not
now be estimated.
SIMPSON WANTS MORE MONEY.
Mr.. Simpson, pop, of Kansas, referred
TO the remarks made by Mr.. Walker
rep, of Massachusetts,, yesterday in
which he said that the entire financial
problem should be left for the banks to
solve. He read Mr.. Walkers biography
TO show that he was shoemaker. and
said If shoemaker could discuss the
financial question, why not farmer9
Inc bankers desired currency whi h
would be means of money making for
themselves, while the farmers and labor
ing people needed a currency which
WouIu De Ihe most useful to them and
attended with the least expense.
He believed in the issuance of
nat money, and thought the gov
ernment could issue currency
based upon the credit of the government
and increase the circulating medium He
favored the pending bill because it would
increase the volume of money. Mr..
Simpson ascribed the present hard times
10 legislation made necessary by the war.
AT that time the bankers had come for
ward and compelled such legislation as
has since given them absolute control of
the governments financial policy Year
by year the money power had fortified
its position and centralized wealth until
it had to-day bound the government hand
and foot.
g.. BETRAYAL OF THE PEOPLE.
He said that both parties had BETRAYED
the people. Those in the west under
stand that the Republican party favored
free coinage, while those in the south be-
heved that the Democratic party would
advocate free coinage. But neither party
kept the pledges made in their party
platforms. This betrayal of the people
had done more to build up the populist
cause than all the calamity howlers which
had existed.
MIR. Simpson refuted the impression
which, he said, prevailed in the east that
the populists believed in an irredeema BILE
currency. He pronounced the whole sys-
TEN OF gold redemption as a makeshift.
There had never been any money but fiat
money. He would limit the isSue of 6a =