Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-02-03

large party-the national Republican
party--now in excellent health, which
proposes to maintain both gold and silver
In circulation, and to keep both metals
in good health. The recent elections APP
pear to show that the people have great
confidence in the Republican party, and
the nations financial affairs will be in
trusted to Tint party and to no other. The
election of Republican governors in such
states rs New Jersey, Maryland and Ken
lucky indicates that the old Wing states OF
the south are wheeling into line with their
former brethren on questions which con-
Germ their industrial prosperity. The solid
Republican representative delegations in
congress cannot be much of an encour-
aging sign to the new and namelcss silver
party.
Mr.. President, the Republican party
will. at its earliest opportunity, seek the
cooperation of leading nations in the
coinage of silver, and will. meantime, aim
to maintain the integrity of business ar
fairs and the honor of the country by the
maintenance of every dollar of money in
the hands of the people, without deprecia-
ton at its full face value.
Mr.. Teller (Rep. Colo.) replied briefly
y certain reference Mr.. Morrill, had made
a. to the cheapness of silver when coming
from the mines. He said the same could
be said of gold. The very remarkable
mines at Cripple Creek were turning out
gold ut % cents an ounce. Mr.. Teller re-
ferred sarcastically to the frequent charac-
terization of silver barons." and asked
what had become of the gold barons. "
He instanced five men in Colorado who,
from mining gold, had quickly become
millionaires.
From this time forward the speeches
were brief, under the arrangement that tho
5-minute rule of debate should prevail
Under this rule also the various amend
mcnts were taken up for debate.
The first amendment, that of Butler of
North Carolina, prohibited the issuance Of
bonds without authority of congress. and
also provided for method of redeeming
greenbackS in gold or silver according to
the fluctuations of the ratio.
Mr.. Daniel dem. Va spoke against
the Butler amendment, urging that it
vested ii broad discretion in the secretary
of the treasury which would tend to dis
turb the parity of the metals
Mr.. Gray tDem., Del) opposed the
amendment as tending to increase the an
tagonism between the metals.
Mr.. Butler sought to interrogate Mr.
Daniel as to the ground for opposition to
the amendment. Under the option given
nm der the present law. asked Mr.. Butler
should the secretary of the treasury pay
with the metal ut a premium or the one
at deprecated price. The secretary
should treat the metals with absolute in
1o,ann1nnra ~ IN lanvA Nf,tsiAor- Ia
doubt as to what metal should be pad.
Mr.. Butler insisted on more explicit
answer
The senator {Mr. Daniel) does not I'M
derstand the question:, said Mr.. Butler
Permit me to say responded Mr.. Dan
| iel amid laugh, that the senator does
not understand the answer
| Mr. Jones Dem., Ark.l pointed out that
| the main purpose of this measure was to
| secure the free coinage Of silver The
committee did not wish to complicate
| this main issue with collateral questions.
| He appealed to the friends OF The measure
| to pass the free coinage amendment with
| out scattering their energy by side amend
| ments.
| Mr. Teller added his appeal in the same
| line He thought that the friends of sill
| yer should be content TO carry their main
| proposition, reserving incidental questions
to another day.
| Mr. Harris (Dem.. Tenn spoke against
going into the refnements of the silver
| question in order to secure the passage OF
| the main question-free silver coinage.
| He moved to lay the Butler amendment
| On the table, but mt the request of Mr.
| Butler withdrew the motion temporarily
| to allow the author of the amendment tc
| speak.
The amendment was defeated-yeas 13,
nays 60. Those voting in the affirmative
were, Allen. Brown, Butler. Cameron.
| Cannon, George, Hill, Kyle, PETER, Prtch
ard. Roach, Stewart and Tillman.
An amendment forbidling bond issues
| was defeated by vote OF over two to
| one against.
German moved to lay the free silver
amendment of the finance committee to
bond bill on the table. Lost, SIS.