Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1896-02-19

would be equal 70 it's legal value in
this country because anyone having
4121a grains could bring it here and get
a standard silver dollars worth of COM
modities.
He went extensively into figures to
show that there had been no over-pro-
duction of silver.
In conclusion, Mr.. Crisp declared that
If the United States would but assert
its political and financial independence
prosperity would return and conceded
the perpetual heritage Of our people
Mr.. Crisp spoke an hour and a half,
and was applauded when he sat down.
Mr.. Turner of Georgia was then recog-
nized for an hour. He said he did not
pretend to be actuated by greater cour-
age than others, nor did he assume
wisdom beyond his day or generation.
He expounded exhaustively, with copi-
Gus illustrations from our history,
Greshams law, that whenever an at
tempt was made to circulate concur
rently two metals of different values.
the cheaper metal would always drive
the dearer out Of circulation.
He took up the Bland-Allison and
Sherman silver laws, under which $780,
100000 of silver had been coined. Yet
those laws had not impaired value to
silver, for its value had gone down and
down and down until India, the great
reservoir Of the white metal. had in 1893
driven the final nail in the coffin Of sill
Yer by closing her mints. There We're
$4,000, 000, 900 of silver in the world, ac-
cOrding TO the report of the director of
the mint over $2,700 100000 had been
coined by the countries of the world.
il liberal use Of silver or legal enact
ment could sustain it's value, why had
the commercial price in view of these
facts, gone down steadily?
Mr.. Turner was enumerating some Of
the great names abroad that stood for
the gold standard when Mr. Terry of
Arkansas interrupted him
The German rechstag has declared
for bmetallism," he said "and the com
mon people of England favored bimet-
allism. OF course the Rothschilds are
for the gold standard. They hold
mortgage on everything in Europe as
they hold a receiyership of the United
States treasury" CApplause9
.Balfour, the most conspicuous BIZ
metalist in England" replied Mr. Tur-
ner, has declared that Great Britain
| alone could not enter on bimetallism,
| and the gentleman should have been
| candid enough to state that the German
reichstag declared for bimetallism with
| the aid of other commercial nations.
| Thus, one by one, their arguments
| evaporate."
| Proceeding, he announced that a debt
| or nation should pay its debts in the
| best money Of the world in order to
maintain high standard of credit In
| the ethics Of nations we could not af-
/ cord to take advantage of a technical
! error and pay our creditors in cheap
money. In the present distressing sit-
| uation of the treasury, While the secre-
tary was being criticized, maligned and
denounced for exercising an option
which the law allowed, why did not
some enc propose relief2 Why was the
secretary forced by a mandatory pre-.
vision to pay treasury notes in silver2
Mr.. Turner spoke two hours He re
ceived demonstration when he closed
DALZELI2s ARGUMENT
Mr.. Dalzell Of Pennsylvania broughi
the house back To the question whether
Ii should subjugate its duty and judg
ment to the senate whether the houst
should abandon its bill and accept thaf
Of the senate.
Mr. Da1zell analyzed the contention,
of the silver men. Ii was agreed tha
the commercial relations between golf
and silver is 81 to l. Silver men con
tended that the opening Of mints to sill
yer would make the metal appreciate II
value, until the commercial value woult
be brought to the legal value. But thit
was mere assertion and dogmatsm
Mr. Dalzell said there was conelusiY,
-