Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1896-02-23
Congressional.

WASHINGTON. Feb. l4.-Ihe pubic
and private galleries OF the House
were thronged to-day in anticipation
OF the closing debate on the Senate
finance substitute for the Bond bill.
Dingley, chairman OF the Ways and
Means Committee insisted on the
regular order OF business MS oon rs
the journal had been read, under the
arrangement made yesterday, one
hour was allowed each side for clos
ing.
Crisp, Democrat of Georgia, repre-
sentIng free silver. said this was an
economic measure and no matter
what views the members might have
entertained i'll the past, he assumed
TINT i'll casting the vote to day each
member would do so consciensiously
and in accordance with the dictates Of
his own mind.
Crisp opened his argument with the
familiar words, In 1873. Congress
demonetized silver Prices were
fixed by the amount OF primary mon.
cy in the world. IL the standard i'll
England was gold, France, silver and
China silver, the measure of values
would be combined to the amount Of
both gold and silver circulated rs
money. He read from the statement
OF Senator Sherman, made in 1876,
that the decentralization of silver had
caused a reduction OF its price and
created n mad scramble for gold on
the part OF England, France and Ger.
many-countries which appreciated
its use. and used the fall in price and
induced the fall in prices Throughout
the world. That fall in prices, Crisp
asserted, was largely due to the de.
monctization OF silver. lie read from
Balfour's speech Of the 18th inst. in
the English Parliament, attributing
the decline of agriculture To the gold
countries boarding gold and the arti.
fetal advantages 1t gave silver coun.
tries. Balfour also declared the Oh.
to reform came not from abroad
but were put forward Mt home. Crisp
affirmed the existence of u we'll de-
fined purpose by those in authority
here and abroad To depress the
price OF silver in order to prevent re-
m~onctization. He cited the matter
IN which the Bland Allison Act OF :
1878 was executed. the coinage Of the
amount under the Act and
he refusal OF the treasury after a few
tn coin silver under the Act
II 1880. He cited Secretary Carlisle's
to give silver for gold in 1883
because silver was needed for the re.
iemption Of treasury bonds and his
'ourse Il few months afterward re.
ieeming those notes in gold. -What
Sind OF juggling is that? he asked.
What sort of friendly treatment of
is that:7 tApplause.) He thee
directed his attention to the manner
in which the parity between the met.
nls had been maintained. Every oh.
Of the government, bonds
greenbacks and treasury notes, were
payable in coin. II that was not true
and they were gold obligations, why
did not those, who believed that.
the courage to say so and save
taX-ndden people millions Of interest?
In February, 1895, Congress could
have saved sl6,OOO,OO0 interest by
authorizing the gold bonds. Con.
gress refused said Crisp. we paid
si6'ooo,ooo for the privilege of paying
silver, and now You attempt to
deny our right to do So (ApplauseD
Crisp declared il the United States
would assert their political and finan.
cial Importance, independence and
prosperity would return.
Turner, Democrat, of Georgia,
spoke for an hour in opposition to the
substitute.
The House rejected the FREQ silver
to the House Bond Bill
by a vote of DIG nays against 90
yeas.