Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1896-10-08

to the output of the United States,
and still others who would increase
this coinage by a purchase OF the
bullion at the market value, and there
are those who would strike from this
or any bill what is known as the bull
lion redemption feature, making the
notes redeemable in coin only, and
there are those who would Con6ne
their redemption to silver alone. But
all agree that we must have larger
volume Of money and that the added
volume shall be silver or its equiva-
lent based on silver.
Now, Mr.. Speaker, what rose to
say, among other things, is that we
can not have ideal Legislation. It ls
not possible. Practical men do not
expect it. Practical statesmen can
only strive for 1t, and secure the best
which is attalnsble. It Is impossible,
IN any Legislation that may come be-
fore this or any Legislative body, to
have it entirely and in every part
meet the views of every individual
member. That is utterly out Of the
question. And so, Mr.. Speaker, /
shall support this measure, although
it does not in all Of it's provisions
meet my entire approval. / would
have this bill different if I could, but
it represents the purpose and the
idea, it is true, which have. touching
the silver legislation which is requir-
ed, and shall vote for it because 1t
is in the right direction and embodies
much which is good and all In the In
terest Of the people. What does il
do? First, it utllizes every dollar of
the silver product of the United
States, and to that extent it is just to
the silver producers of this country.
Second, it makes demand for that
silver product, and, if the friends Of
silver are right, il will so increase the
value of that product as to bring sill
YER IN parity with gold. 1t PROVIDES
further that the very instant silver
and gold come together or the very
instant that the bullion value Of silver
shall be equivalent to the coin value
of silver that very instant you have
free and unlimited coinage Of silver
| in the United States Congressional
Record page 5812 June z, 1890.
X II X
So say, Mr.. Speaker, that what
ever may be our views about this
point or about that point, touching
this whole subject Of silver, we get by
this bill the use Of our entire silver
product, and we make that product
into money that Is safe in the hands
of the people and will be good for all
time wherever and by whomsoever
held. Mr.. Speaker, no man should
hesitate between the two millions a
month that we have now and the four
! and half millions a month that we
shall have under the proposed law,
We get an increased volume of money,
with safety to the Government and
the citizen. Pass this bill and what
do we have? An increase Of $50, 000,-
600 annually of circulation to be put
out among the people and into the
} avenues of business. Vote against
this bill and, in my Judgment, you
vote that there shall be no Legislation
upon the silver question al this SEES
sion of congress. That is what / fear
it means. We know we can not have
free coinage now, except in the man.
ner as provided in the bill. You
know you could not have 1t when you
were in the msjority in the house.
You know you can not get it now,
You do not mean TO get it. There.
fore, say that to defeat this bill
! means to defeat oil silver legislation
and to leave us with two millions a
month only, when by passing this bill
we would have four and a half mil
' lions a month of Treasury notes as
good as gold. For one, Mr.. Speaker
! 1 will not vote against this bill and
thus deprive my people, and my
country, and the lsborers, and the
, producers, and the industries Of my
country of thirty millions annually Of
additional circulating medium. Great
applause on the republican eide +
Congressional Record page 58l3 June
Z, 1890.