The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-02-15

f.sf-ssF heritage sf our people Crisp spoke
ar rswr ard half. ard vas applag6et
wHpn he Sat down.
Turner of Georgia was then. al the re-
Quest az Dfrxiey. recognized for an hour
Tg,rrs-. in opeaIng. said he did net pretend
70 be aetaats5 by grrater courage than
oshsrs. nor 81 he assume wisdom beyond
that ~ his cav ard generation he should
stare ogi13ons that had heea SLOWLY ard
carefully formed. ard he should submit
thay,, with ne greatest respect for those
who flTsred with him. He expounded ex-
hastsfsvesy. with e9piosls illustrations from
oar hizsary. Greshanl's Law that when
ever an attempt was made 20 circulate
raressrrs sssfy TWO metals ef different values.
sss rheapsr nesai would always drive the
dasre~ or of circulation He then al
srassss himself TO ths question whether
fha yT1ites stairs Independently could re-
store the parity of gold and silver. lie
ssossla hss said. use every test known 10
he b.,r,an tribunal He would summon
Mexico ard esnina. where silver was
coined ard was worth IT'S commercial
value lie would summon Japan, that
rnhla SfrirFang or the East. Just feeling her
strength sra inst about 70 abandon the
explnse1 theories Of silver ulono-niet taliism.
on the other hand. as witnesses against
this theory. re would summon the enlignt-
anas and cultivated countries Of the world.
HItt
France. They had ali closed their mnss
To silver. Proceeding. he took up the
Rland-AIIisea ard Sherman silver laws.
under which sasa f1o. go OF silver had been
coined. Yet those laws had not added
yals,~ 10 silver, for its value had gone
down and down and down. until India, the
s-yea, reservoir of the white metal, had
IN fSas driven the final nail in the coffin Of
silver b. closing her m'nts- There were
II 80 go as0 OF silver In the world. accord
inc 10 the report of the director OF the
mint. over s.. .sfu10o oQe had been coined
bv the countries u The world. II liberal
use OF silver or kSal enactment could sus-
tain value why had the commercial price
in view of these facts gone down stead
ny7
Turner was euumerating some of the
s,reat names abroad that stood for the
cold standard when Terry. Dem, Ark,
s,terruntea him. The German reichstag
has declared for bi-metallism. he said,
..and the common people OF ENGLAND favor
n-metalllsm. az course the Rothseniids
are for the gold STANDARD They hold a
raorteaee on everything IN Europe. as they
hold q receieership of the United states
treasury" fApplause)
..1fr Ralssar the most conspicuous bi-
rnetallfst In England" replied Turner, mas
declared that Great Britain alone co1ld
not enter on hi-metaIlism, and the gefltie-
man should have been candid enough 70
state that the German reiehstag declared
for hi-u,etaIlis.n With the aid OF other
commercial nations. Thus. one by one,
their arguments eyapoTate.
Proceeding. he announced IL as bis opin-
ion that debtor nation should pay It's
debts i'm the best money of the world IN
order TO maintain a high standard OF cred
II. Moreover. not an individuai would
profit By paying his debts IN a depreoiatea
currency In the ethics OF nauohs We
could not afford TO take advantage OF a
technical error and pay our creditors IN a
cheap rns4sey instead of paying one dol
lar for rswo. he would rather pay two for
one hut this " as not required Like nom
.St men we must pay dollar ss9T aohaF-
fApplause) In The present distressing sit
uation of the treasury. while the secretary
of the treasury was being criticised, ma
ngned and denounced for exercising an
option which fhe law allowed, way ald
not some ore propose rclief2 Why was
not the secretary forced by mandatory
provision to pay treasury notes in silver?
An interesting exchange followed ne
tween Crisp and Terry. Dem. Ark. over
some testimony OF Secretary Carlisle be-
fore the appropriation committee. in which
Turner took the position that, instead of
there being a subtle purpose to discredit
silver at the treasury department. the sole
gflrnDSe there ldI RttU IL
Turner met a voiley of questions toward
the close OF mis- speech. He declared that
If the law authorizing the secretary TO
sell gold were repealed that moment the
parity would fail and the country would
go TO q silver basis. The Gresham law. a
law congress did not make and could not
repeal was already operating. The money
in daily circulation vas silver and silver
certificates. He concluded with the state
ment that the poor mar in whose interest
the restoration OF silver was revoked was
most interested in preserving sound
financial system. France had tried free
coinage 1t failed. and she abandoned IL.
lie had been trying to expose the lessons
OF experience Agitation OF the silver
question should cease. Perhaps when
credit and enterprise had gone down in
the wreck the people would conclude that
Il was better TO follow the paths OF ex-
perience. and honestly seek 10 maintain
the credit and honor of the country.
Turner spoke for two hours. He received
a demonstration when he closed
DalzeH. Rep. Pa, also a member OF the
wavs and means committee brought the
house back tc the question whether ft
should SlIhjugate It's duty and judgment 10
the senate, whether the house should ahan-
don its uiH and accept that Of the senate.
palzeIl nnanzed the contentious of the
/ S-itPT men. II was AEEEFL kflat AAAt-
rnerciai relation between gold and silver
is = 70 /. The silver men eontended that
tho oueniTssr of the nltFsts 10 silver would
make that metal appreciate In value unit!
the commercial value would ~ brought TO
the legal value. but rlIis was mere as
seYT on and siogTnatism. Dalzell said there
was conclusive proof IN the past experience
OF Europe that silver would not appreciate
as q result OF opening the mints 10 silver
coinage He devoted some time TO replying
20 ths argument of rhe silver men that the
fan cf uff-eS since 1873 had been coincsdent
wsth the fan CT silver which latter fall
vas due to the deunonetization in 1913 The
falI ot prices was due TO invention. conDe-
tt5on the reduction in the cost Of tTanspor-
tat,on. s1c Methods had been revolution
tzs-t since fS73 What the country wanted
was not free sfiser. but more rev@nae
through The custom houses, more b.azing
furnaces. more factories and mills, more
and cheaper transportation, wider fields
Tor labor and an enlarged home market.
/ more consumption 70 stimulate production.
! increased wages 10 decrease the hours %
labor. These aEe the things we want
AMI VIII have
AZ the conolusi0a Cf paIzeIrs remarks.
uircley demanded ths previous question.
v-A5-h was orIsreSd. whereGpon the vote
was taken on crisp's motion - c0a>ur IN
-hs. ss.rate free coinage ameaefment 10 the
house. hgI. The u1smaeTs wao had retired
from me han oF were loanging II the cloak
rooms came IN. resumed their seats and
followed the rcsl call w-sth great interest
The vote resulted s-2f5. The announce
u-eut = the rs majority against free silver
u-as el-e-r.sg ~ the anti-slver forces The
6s..7 siss4 vote &as as follows.
Yeaz-Abhott. Aitken. Allen. Miss: Al
Ien Utah. BAILEY. Baker, kan. Bankhead
BarhaFu. Bartlett. Ga Bell, Col. Bell
Tex Black Ga, Bowers. Frederick
f CIar5v. Cockrell Cooper. Tex. Cox. crisp
( Css,berSan. Curtis. Kan: De Almond. Dins'
r,--ts..t- F~aFzs