New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-13


made up my mind that the Lord in His own good
time has ways of scattering the wealth Of
ever drive The manhood out Of the American people.
either in American politics in American business.
MI Mr. MSMillin Dem. Tenn followed, arguing
been the case at any previous time for the passage
OF the Bond bin. No exgency could arise. he
serted, for the use o, half Of the money in the
Treasury over and above the gold reeerve. He IA
vored the Senate substitute and read statistics 10
prove that the United States possessed ample power
10 maintain alone. far easier than France and the
Latin union ever did. the free coinage OF silver.
stitute. The whole House, he said. was agreed
that 1t was the duty OF every one TO secure. If II
money, he said. was that money which in its in
trinsic value Appropriated its coinage value. and In
us purchasing power was equal 10 that OF the best
OF other nations. II was because he believed free
coinage Of silver would dcprecate the value Of the
money OF the United States that he was opposed
to Nj IT, p,uo,. c,.u, .... ..,.,..., So, ...
mltee IN support Of the senate substitute lie said
that for fifteen years the friends OF the gold standard
standard and that the friends of silver favored
dishonest standard This had been repeated 50
o t ihat IL had mad distinct impression upon
this assumption was unfoundeG; indeed. he must Do
measure advocated by him. 3,ha arriIpent Of he
god standard advocates. he said was that the
value of gold had been steadily maintained. and II
difference between the two schools in the matter
MIN asserted that gold had steadily appreciated IN
value for the past twenty-five years and was there
emons;rsiion Of this Propos 'i NJ Baey devoted
himself using the trend Of prices Of every other
said. formed better and more stable has for cur
rency than either alone He preferred stability
out the other M Bailey said he preferred stability
to parity. Applsuse)
which held the attention Of the House throughout.
and at is close an effort was made TO get twenty
Nj conn dscf'. Mas ''''' '''' ''''' ''e
MORE DIAGRAMS EXHIBITED
Mr.. McCleary Rep, MIMI was the next speaker.
His special purpose was to answer the speech OF
M Towne Gep Minn), and he prefaced it with
reference to the story OF David and Goliath, ex-
pressing the hope that the story might be carried
10 its conclusion. and that, Davidlike he might
decapltate his Goliath with his weapons. To
do this h. produced series Of charts and diagrams.
which he exhibited in connection with those Of NJ.
TOvne. which had been courteously loaned for that
purpose First he exhibited a chart showing that
twice within the century there had been an era Of
falling prices both he asserted had been the r4
suit Of overproductior. Overproductlon. h said.
was the natural condition Of mankind for on de-
pended every mans hope and expectation ~ ltyins
by something IN the years OF rs active labor FOR
the years when he can no longer work. Anoihe:
proposition was that fan OF prices IN itself WAS
not to be Gep!ored; 1t might be- ana IN man! cases
a benefit
Next Mr.. McCleary presented sootbeer's tables.
ISL Of the course OF prices Of grain, beef porn.
produce FISH manufactured articles. etc, from 1871
ss peof f[ Of 9 6e ' ceaay to Sr@ basis Of
compari son-a period Of peace ana bimeial4isin
years since 1873 that in those good old bmetahs
days prices never reached those OF more recent
Nj Hopkins C,ep 1nD-snce 1873. then the prices
OF everything that should 10 down nav. faII'H ana
the prices Of those that should % up have al
vanced?
Mr. McCleary-That is exactly ii-a fai- resume
Continuing, Mr. McCleary sad that never before
In the history Of the world would day Wae'S
hay. nod mn an III I'D
things Of life in 1892, and never in the history u
tie country had :: eee1 eas,e I. irg ma " ~ @
father-n-law in their earlier ASSOCIATION nal mr.;
ali his free-irade Arguments By saying. II rcrcn-
Der" NJ NcTIr.rf said THAI the LORD VINO p.ar-
meth all things Wei permits that political party
power N this country once in generation IN order
tina, eve-y man. wren he SO APPROACHED BY 4 boy
''No,ody Is likely to forget the last three years
Referring to Mr Townes table exhibited to dem.
onstrate tn assertion that the coinage "a" ot
period Of seventy years the two metals AZ practical
iy the same commerce! Al ratio az the coinage rato
Mr. McCleary showed from Sootbeers tables that
for more than 80 years previous TO 1890 the COM
rnercal ratio between the two Meals haI Deer
maintained at the same figure So That The French
with the maintenance Of the ratio FOR hlnsfIi ne
be done for silver and were he a delegai" 10 M
National Convention he would vote atA4ns' p.ahH
AZ The ratio OF 10 to J. The East. he sad was rosy
with the approaching dawn Of day ~ prosperity
and happiness for the country ~ the IeVNA. 4' -
industries: but my silver friends, you Won DE III
f." daughter anl applausrJ
At tho close Of Mr.. Mctl"ary's speech, Whlch o.
cupied an hour ana a half. ihe House took a recess
until O'Clock.
The las, night session Of the debate was attended
bv the smalles. representation Of the members snip ~
IN. House Of the week The first speaker was Mi
bingham (Rep PENN. lie expressed the opinion
that the senate amendment should be defeated, ana
further that unless some legislation was effected
10 suspend the redemption Of grecnbacks Ia gold
. further loan Of NC0e0l'p would be necessary b.
,f,,fgF sf.r ritH torn ~.
had already proposed bills Increasing the circulation
Of National banks. requiring the payment or import
duties in gold. and refunging the outstanding green
backs and Treasury 1Otcs In per cent bonds.
other speakers were Messrs. Wood Rep I'D ana
GARNER ORep. y. j., also in opposition 10 the
Senate amendment. No one else present desiring -
speak Chairman Payne announced at 3 O'Clock II
there WAS objection the House would take
recess until 1890 O'Clock tomorrow morning. There
was no objection and the recess was ordered