The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-02-15
IT CAME HOME TO DIE
The Senate Amendment to the House
ELL Killed.
CRISP SPEAKS FOR SILVER
Ninety Members, Mostly Demo-
Gratis, Endorse the Action Of the
Upper BranCh-Talbert Calls
Native Canadian Down.

| Washington, Feb. 14-The majority
| against silver in the house to-day
when the final vote was taken on
concurrence in the senate free coinage
/ amendment was larger than that of
| yesterday in committee OF the whole.
An analysis of the vote to-day shows
that 1S4 republicans and 81 democrats
voted against concurrence. and IS DEM
ocrats, 2S republicans and populists
| for concurrence.
Under the arrangement made yes
! terday an hour was allowed on each
! side for the closing debate on the free
! coinage substitute bond bill.
Crisp, representing free silver, said
that in 1873 congress demonetized sill
yer. He read from the statement of
Senator Sherman in 1876 that the de-
monetization of silver had caused a re-
duction in it's price and caused a
scramble for gold on the part of Eng
land, France and Germany. which ap-
preciated its price and induced fall
in prices throughout the world. Crisp
affirmed the existence of a well-defined
purpose by those in authority in this
country and abroad to depress the price
of silver in order to prevent remOneti-
zation. He cited Secretary Carlisle's
refusal to give silver for gold in 1898
because silver was needed for the re-
demption of treasury notes. and his
course a few months later in redeem
ing these notes in gold In February,
1895, congress could have saved the
people $4,000. 900 in interest by author
izing gold bonds. Congress refused"
said Crisp. we paid that amount for
the privilege Of paying in silver and
now you attempt TO deny our right to
do so" Applause.)
Mr. Speaker" said Crisp, continu-
ing, a few days ago our condition
was pitiable. The greatest nation in
intelligence and trade, we had just ap-
plauded to the echo the presidents mes
sage warning European powers that
they would not be permitted TO secure
lodgment on the American continent.
The echo of that applause had hardly
ceased before the administration, with
shaking knees was Historically calling
on congress for help. 1t was feared
that Great Britain would take out our
gold. We were helpless in the face of
the enemy. Yet you now want that
condition perpetuated."
Criticising the bond bill, he declared
its purpose was to impound greenbacks
and to do indirectly what the majority
dare not do directly. It was the plan
to retire all greenbacks by holding
them in the treasury at the cost OF out
standing interest bearing bonds. a plan
which Carlisle had characterized as
the most remarkable experiment sug-
gested in modern times" Coming down
to the practical questions whether
the United States independently could
maintain with free coinage the parity
between gold and silver he said that
there was no difference Of opinion that
it could be accomplished by an intcrna-
tiOnal agreement. He quoted from
Jackson and jefferson and contemptu-
ously said it had remained for modern
economists TO assert that to create de-
mand and value by law was "a physical
and a metaphysical absurdity" He
also quoted Sherman and Carlisle
(while he was in the house), to the ef-
feet that united action of several coun-
tries could sustain silver. As to the
ability of the United States to do so
alone, the example of France, a coun-
try infinitely inferior In wealth and
trade to US, must be borne in mind
Our commerce, internal and external.
exceeded that of England, Germany
and France combined. If our mints
were opened to the free coinage of sill
yer, the commercial value of the metal
would be equal TO its legal value I'm
this country because anyone having
412i2 grains could bring II here and get
a standard dollars worth of commodi-
ties He went extensively into figures
to show that there had been no over
production of silver. In conclusion
Crisp declared that if the United States
would but asesrt its political and finan-
cial Independence. prosperity would re-
turn. Crisp spoke an hour and a half
and was applauded when he sat down.
Turner. democrat. Georgia. was then
recognized for an hour Turner said he
did not pretend 10 be aotuated by
greater coura ge than others. nor did
he assume wisdom beyond his day or
generation. He exp0unded exhaustive
~, with copious illustrations from our
history, Gresham's law tlat whenever
an attempt was made 10 circulate con-
currently two metals Of different val
ues. the cheaper metal would always
drive the dearer out Of circulation He
took up the Bland-Allison and Sher-
man silver laws, under which 500. 0OO-
600 Of silver had been coined. Yet those
laws had not impaired the value T.
silver. for its value had gone down ami
down and down until India. the great
reservoir Of the white metal, had in
1893 driven the final nail in tho coffin Of
silver by closing her mints. There were
81 00p 600 COO Of silver in the world. ac-
cordinc 20 the report of the director Of
the min- More than s.. 700. 600 OU0 had
bppu coined lN the countries nf fna
world II a liberal use OF silver or le-
gal enactment could sustain its value.
why had the commercial price in view
of thee facts gone steadily down
Turner was enumeratiug some II the
great names abroad that stood for the
gold standard when Terry. democrat
II - LIN ---rL-