Daily independent. [volume] (Elko, Nev.) 188?-1915, 1896-02-15
Congressional.

" ASHlNGTON. rep. 11.-1ne puDuC
and private galleries OF the House
were th-onged today in anticipation
of The closing debat' ON the Senate
finance substitute for the Bond bill.
Dingley, chairman of the Ways and
Means Committee insisted on the
regular order of business us soon 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-.
sentmg free silver, said this was an
economic measure and no matter
what views the members might have
entertained III the past, he assumed
that in casting the vote to day each
member would do 80 consciensiously
and in accordance with the dictates of
his own mind.
Crisp opened his argument with the
familiar words. AIN 1873, Congress
demonetiZed silver" Prices were
fixed by the amount Of primary mon
ey in the world. IF the standard i'm
England was gold, France, silver and
China silver, the measure of values
would he combined to the amount. of
both gold and silver circulated as
money. He read from the statement
of Senator Sherman, made in 1876,
that the decentralization of silver had
caused Il reduction Of its price and
created a mad scramble for gold on
the part of England, France and Ger
many-countries winch appreciated
it's use. and used the fall in price and
induced the fall i'll prices throughout
the world. That fall in prices, Crisp
asserted, was largely due to the de-
monetiZation 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. BaifoUr also declared the OBJ
stacleS to reform came not from abroad
but were put forward mt home. Crisp
affirmed the existence of well de-
fined purpose by those in authority
both here and abroad to depress the
price Of silver in order to prevent re-
monetization. He cited the matter
in which the Bland. llison Act of
1878 was executed. the coinage of the
minimum amount under the Act and
the refusal of the treasury after few
months to coin silver under the Act
OF 1890. He cited Secretary Carlisle's
refusal TO give silver for gold in 1883
because silver was needed for the re
demption of treasury bonds and his
course a few months aiterward re-
deeming those notes in gold. "What
kind OF juggling is that? he asked,
"What sort of friendly treatment of
silver is that?" (Applause.) He theE
directed his attention to the manner
i'll which the parity between the met
ais had been maintained. Every oh
legation of the government, bonds
grecnbacks and treasury notes, were
payable in coin. If that was not true
and they were gold obligations, why
did not those, who believed that
have the courage to say SO and save
taXridden people millions Of interest
In February, 1895, Congress coult
have saved S1G,0OO.OOO interest b,
authorizing the gold bonds. "Con
gross refused" said Crisp. 1--WE pait
S1G,00o,0OO for the privilege of paying
i'll silver, and now you attempt tc
deny our right to do So" applause.
Crisp declared if 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 tn,
substitute.
The House rejected the free slve
amendment 10 the House Bond Bill
by Il vote of ZIG nays against 81
yeas.