Birmingham state herald., 1896-02-15

l CdHs lne OHlleu OtdIeS SlnBIy anu dlOHe
 maintain the parity of gold and silver 1 under free and unlimited coinage of 1 both?" which, MT. Turner said, his col
 league asked several times, but at no | time tried to answer, the speaker said he | could prove the mega tive to any fair
 minded man by any process of~proof or | argument with which mankind was fa- l miliar Would his colleague try the | method of the court? Whom would he call for the affirmative? Mexico? Would | he call China, the followers of Confu-
 sius. whose prescriptve wall. shutting l out all peoples, was now just yielding to l the prejudice of nations? Would he call Japan, that progressive country of the | east, on the verge of an abandonment of l the theory of my friend?
 l /On the other hand, for the negative, 1 MT. Turner said. he would call England,
 to which country he paid glowing trib- | ute Qet those who will criticise me for 1t, l he sad) as the greatest governing pow
 CT that ever existed on the earth: Ger | many, France and all the enlightened | and progressive nations of the world. | From the experience of the United States,
 MT. Turner proceeded to show that it | could not maintain free coinage, review
 ing the several efforts in the Bland-Alli- | son act of 1878 and the Sherman act of | 1S90 to coin more or less silver, but under
 both of these the price of silver had l steadily decreased. The United States had | not alone been thus engaged In an effort | to maintain silver The report of the di- | rector of the mint showed that there had | been coined in the world in the period
 beginning with 1878 about $2, 700. 0O0,0OO in | silver and that the entire stock of silver | money amounted to about $4 GOO 900, ,000 Making final appeal to the common | sense and judgment of mankind on this
 subject. MT. Turner inquired if the great
 majority of all the commercial nations | or the world could be mistaken in the
 opinion that the experiment of free coin | age of silver would be attended with seri- | ouS detrimental results.
 MT. Terry, democrat, of Arkansas-The | reichstag of Germany voted in favor of | bimetallism and the people of England | are in favor of the same thing. But the
 action of those governments Is directed
 by Rothschilds. who hold a mortgage on
 every throne in Europe. as well as re-
 ceivership of the United States. fAp- l plause.)
 MT. Turner responded that Balfour had | stated that England could of herself and
 alone undertake the free coinage of sill | yer The German reichstag had voted in | favor of bimetalism in connection with
 all the commercial nations of the world, | not as an independent measure. And | thus these arguments, one by one. fall | away when they are examined in the | light of facts"
 Referring to the assumption that the | United States should pay it's obligations
 in silver. MT. Turner asserted that it | was to the interest of a debtor nation, 1 and of every debtor in 1t. to maintain l high credit. "If a free coinage congress
 and a populist or free coinage democratic 1 president were elected this year." said l MT. Turner, not a single debtor would be l benefited to the extent of single dol
 lar for what would happen? Before that l congress could meet, every man that had | an obligation of the government would | not be d buyer. but rushing madman to l sell 1t before silver basis was establish 1 ed And my friend from Arkansas would
 be one of them If he had a bond" | MT. Turner was questioned by MT. Lin | ney, republican of North Carolina, as to l how he expected the government to avoid
 the further sale of bonds until it received l additional revenue from the tariff or the l operation of the silver subject. He re-
 sponded by asking MT. Linney how the | treasury was to obtain the gold to main | tain the parity of gold and currency or | of gold and silver, if the power to sell | gold bonds were taken away. There
 would be nothing left but silver for the | secretary to use, he said for not cent was being received in the payment of
 custom duties. Already, MT. Turner l claimed. no gold was in circulation; sil- yer and silver certificates alone being | found in the purses of the average citi- 1 zen. If that became the standard of the | country every working man, the class which should be the particular object of | the governments regard and protection would find that his dollars had suddenly | shrunk to 50 cents. s5s
 In conclusion MT, Turner made an | elaborate argument to show that the United States singly could not maintain silver coinage, and that an attempt to do | so would cause a financial convulsion in l the country.
 MT. Dalzell, republican, of Pennsylva- mia, also a member of the ways and means committee, made the closing speech of the day. He asserted that the main proposition involved in this discus | sion had not been considered. That prop | csition was whether this house was ready | to abandon its own legislation and ac- | cept the legislation of the senate, which I was in no way germane thereto He warned the silver men that their cause would not gain by an attempted humili- | ation of the house, or it's subjection to the democrats of the senate. The free coin age of silver as a separate proposition
 was one thing; but, as presented by the revolutionary methods of the senate, 1t was another thing. One ounce of gold, he | said, would buy in the open market thir- ty-two ounces of silver The bad propo- stion by this substitute was that sixteen ounces of silver were equal to one ounce of gold. It would seem that such state ment in an assemblage of intelligent men
 would carry it's own refutation. MT. DalzelTs conclusion was that what this country needed was not more free coinage of silver, but more revenue through it's customs houses (Applause). This concluded the debate, which had occupied nearly two weeks of the time of the house, and the previous question was ordered. i'. While the roll call was being called the absence of various members was stated by their colleagues.
 The following pairs were announced, the first named being in favor of the sen ate substitutes:
 Messrs. McDearmond and -Woodman, Pickler and Adams of Pennsylvania, Stallings and Leonard. Kyle and Russell r of Connectieut.' Pendleton and Hawley. Cobb of Alabama and Powers. Howard and Eddy.
 The vote shows that MT. Crisp was able to carry with him all but three of the eleven representatives from Georgia, Messrs. Lawson and Russell aligning themselves with Mir. Turner against free coinage. The hour of o'clock having arrived, the house. under the rule.- took recess until 8 o'clock the evening session to be for the consideration of private pension bills only. ,s- i Evening Session.