The evening times., 1896-08-13
WANT 4 COLO sTlIDlRD''
Senator Stewart Said This in
a Financial Debate.
GREAT SOUND MONEY SPEECH
In the Forty-third Congress the
Apostle Of Silver Advanced c0nvinc-
Ing Arguments 5 Against the Position
He Has Now Taken-He Was Then
Siiver's Most Bitter Enemy.

Since the incoming OF the present Admin
istration one Of the most active tIstru-
mentalities In stemming the silver tide,
which began Using with the inauguration
OF Mr.. Cleveland. has been the office OF
the Comptroller OF the Currency OF the Uni
ted States Treasury. Naturally. In this Of
flee are found the best posted MEN In Of
ficiai life uupon the subject OF finance.
From MIR. Eckels down to the chief OF
the smallest division IN the bureau they
are uil upon the side OF honest money and
have not hesitated to say 50, even at the
expense OF probable further political pre-
ferment
At the presept time there are In the
United States in the neig ghtorhood Of 12 900
banking Institutions, savings banks, build
Ing and loan associations and national
banks. or this number 3,7GO are opcrat-
ing under national charters and this In
ciuhes the great MA a1ority Of TIE large hank.
ing institutions OF the country. Since the
nomination Of Bryan and SewaI1 a number
OF banks. which for years have been oper.
ated as private institutions. sn,ong them
being the Riggs Bank. OF this city, have
taken out national charters In order t.
secure the additional protection which the
government can give.
It will readily be seen that the officials
OF the comptrolier's office are In Fosi-
ton to analyze the silver question with
tolerable accuracy.
.CRIME OF '73."
Deputy Comptroller George N. Coffin,
whO has given good deal of hard study to
the subject since coming into office. has
succeeded in digging out a number OF Curl
ous and surprising facts In relation to the
matter, which throw new light upon the
motives and arguments OF some OF the sill
verites.
Tie gives some very interesting facts in
connection with the "crime OF ia" and If
Senator Stewart will look up his record
he will doubtless find that he took a vastly
different view of this matter when the al
legged crime" was committed.
"The silver interests" says Mr.. Coffin,
.'are now very bitter in the dennnciation
of the legislation which they call the crime
of 1879 The truth atcut the matter is
that the bill which resulted in the srspen-
sion OF free silver coinage was introduced
10 the United States Senate In 1870. and
after being discussed there for two days
was passed IN January, 1871, by vote
OF 36 yeas to IA nays.
I'm March, 1871, IL was introduced In
the House of Representatives. reported
from the committee on coinage in Janu-
airy, 1879, and passed after discussion
by the House in May. 1879, by vote OF
lilo yeas to 13 nays.
r,rc rr-sc YN-r TUE uvVr
~In January. 1878, the measure. with
( amendments. was brought up again in both
houses of Congress, discussed. passed in
both, and. aftera conference between them,
| became law, In February. 1873. The bill
was printed thirteen times by order OF
Congfess, considered In committee and de-
batetft IN open session or Congress during
| four years, the debates in the Senate oc-
cupylng sixty six columns and those in the
House eSseventy-eight columns IN the Con.
gressional Globe"
| Ar.Corfin thus summa rizes Senator Stew
arts rscord In connection with this great
.'crime:''
"senator william n. Stewart. OF Nevada.
who was In the United States Senate when
| the bill waspassed. in February. 1873 voted
| for II, and about year afterward. on Feb
| ruary IL. 1874, made speech In the Sen
| ate, which quote as follows from the
Congressional Record:
1 n.Let everybody know what dollar II
1 worth. The farmer will then know how Il
| measure the difference in price betwcei
] his wheat In Illinois and the wheatin Liver
pool. The wheat will be measured by thu
| same standard-gold-in Illinois as it is II
Liverpool, and any man can figure it up.
| But now It is a mystery. The whole
subject OF fina nee is a mystery: and wha
| do we see every day? We see those wht
1 devote their attention to 1t making larg
| fortunes out of this mystery.
| WHAT STEWART THOUGHT THEN.
".Let US do as all the people OF tn
world has been doing from the beginning
measure our vsAues by gold. adopt tn
standard that all can understand, and gel
rid OF this M ystery.'
".Mr. Logan-wbat does the seuato
wautT
4 ".Mr. Stewart-I want the STANDARD
gold, and no paper money not redeemablt
| In gold; no paper money the value o
| which Is not ascertaiued: no paper mof1!
that will organize q gold board to specu
late In il. Who pays for this gold hoard
Who pays these immense fortunes? Ho'
Is it. that millions and millions can b
rolled up annually there? Did anybod
ever calculate who paid for IL? 1t come
out Of producers. How do these men exist
By the attitude which your dcpreciate'
currency gives to speculation. and moth
ing else.
;" Persons who are Specializing in you
] deprecated currency are making tn,
money. and they Will continue to do so a
long as you have D depreciated currency
".If the farmers would get rich the
have got to become skilled In this fiuct'
ating currency and make corners an
manipulate the market, and II they
| that they cannot fam'n