The daily morning journal and courier., 1895-02-21
SILVER FIGHT IS STILL ON
THE DEBATE ON THE QUESTION
 CONTTNUED IN THE SENATE.

Hits Straight From the Shoulder With
 Solid Facts in Regard to the Momentous
 Matter.
 Washington, Feb. 20.-In accordance
 with an order made yesterday the
 senate met to-day at Il o'clock, which
 is to be the regular hour of meeting
 till the fourth of March next. There
 was a fair attendance of senators in
 the chamber when the proceedings
 opened.
 The vice president having laid before
 the senate the resolution offered last
 night by MT. Wolcott declaring as the
 sense of the senate that a considera-
 tton of the silver bill should not be
 entered upon at this session of congress
 MT. Jones, dem, of Arkansas, who
 had charge of that bill, said
 q wish to say that the friends of | the regular order-the pending silver
 bill-have no disposition to incur the
 risk of an extra session. We so stated
 at the beginning. Developments have been shown that while the friends of l lilG IIBdSuIG nave d IldJUIIIy III llllS
 body it is impossible to pass the bill
 at the present late day of the session
 without mourning a very grave danger
 to the appropriation bills and an extra
 session. Under these circumstances
 the friends of the silver measure have authorized me to say that they will
 not further proceed at this session of
 congress"
 No comment was made on this an-
 nouncement by any senator and no | formal action was taken on the resolu- | ton.
 1 No other business having inter- vened, the silver bill was made the | text for a speech by MT. Higgins, rep, | of Delaware, who referred to this status as Legislation let alone" and said all that the bill amounted to- inas-
 much as it could not become a law | was a declaration of policy, and that
 the resolution of the senator from
 Colorado meant just the same thing. MT. Higgins speech was interrupted
 at 12 o'clock by the vice president who announced the close of the morn
 ing hour, and the taking up the un- finished business-being the silver bill
 MT, German made motion that the senate proceed to the consideration of the Indian appropriation bill
 The motion was agreed to, yeas 55 and nays 12. The negative votes were
 given by Senators Blanchard, Butler, Camden, Cameron, Faulkner, Hunton, Jones of Arkansas, Lindsay, Martin, Mitchell of Wisconsin, Quay and Vol colt. The effect of the vote was to dis place the silver bill-remitting to the calendar-and to bring the Indian ap- propriation bill before the senate. On this bill MT. Higgins resumed the floor and went on with the delivery of his speech on the silver bill.
 An amendment to MT. Wolcott's res olution was presented by MT Mander- son, rep, of Nebraska, to be offered when that resolution comes up again The amendment is to add to the first clause which declares in favor of a law for the free and unlimited coinage of | silver, the words, provided, that ef- forts shall be pressed by the United | States to induce interna tional bimetal- l lism; and any legislation for free coin age of silver should provide for the | maintenance of the parity between both | metals to which the faith of this coun- | try has been repeatedly pledged"
 MT. Chandler, rep, of New Hamp- | shire, addressed the senate on the silver | bill. He said:
 In deference to the prevailing opinion | of New England, and because it may be | unwise to open our hints to the unlim- ited coinage of silver without concur | rent action upon the part of other great | nations, I shall vote against the pend ing resolution.
 But I very much regret that I cannot | also now vote in favor of some affirma- tive measure in the direction of bimet- allism to promote which the republican party is fairly pledge by the platform of it's national convention in 1892 which as yet nothing has been done to redeem.
 Bimetallism. as I understand it. is the use of gold and silver as money metals, each equally entitled to coinage as money in. the hints of bimetallic na- tions. It is the principle of bimetallism that with such coinage at ratio es- tablished by a concensus there can be no inferiority of either metal to the other. Each will always be of same value with the other. As neither is of great intrinsic value. the market value of both is derived from their use jointly as money metals and neither can depreciate in value as long as both are used as money. The dis and producers of either metal in unusual quantities are entitled to the profit of their enterprises and labors At one time the production of new gold may increase, at another time hat of new silver may preponderate; out, as time runs, the alternations will each other and all the gold and silver, being the coined money of the world, will forever measure all the worlds values This is the bimetallism o secure and preserve which the repub- jean party is bound and from the sup port of which no republican can be re- eased without the utterance of a new national convention of his party Bimetallism has been attacked by the great creditor nation of he world. England's demonetization of silver Ias been up to this time acquiesced in " the United States. It is folly to ay that silver is a money metal be- ause we use it for subsidiary quantity I nd maintain the parity of gold of our [ 1iyofth5 0pi, ura of npira5 g;I Q