Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-02-15
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FINAL VOTE TAKEN
CRISP Makes AN ELOQUENT PLEA
FOR SILVER.

Washington. Feb. li.--Mr. Dingley,
chairman of the ways and means COM
mittee. insisted on the regular order
as soon as the Journal had been read
and under the arrangement made yes
terday, one hour was allowed on each
side for closing,
Mr.. Crisp Dem. Ga.) representing
free silver, said this was an economic
question and no matter what views the
members might have entertained in
the past he assumed In casting his vote
today each member would do so con-
scientiously in accordance with the
dictates Of his convictions.
MIR. Crisp opened his argument proper
with familiar words. "ln 1873 congress
dcmonetized silver" At the very
threshold OF the subject. he said, this
was denied and II was also dent d taat
up to 1873 We had had blmCtallism IA
THIS country. lie quoted from Baron
Rothschilds statement that prices
We're regulated by aggregate amount Of
circulation, goll and silver. Prices were
liked by the amount Of primary money
in the world. Ii the standard In Eng
land was gold, In France silver and in
China silver the measure of values
would be the combined amount of both
gold and silver circulating as money.
Money was the thing for viii h all
cOntended and the sum Of the demand
for money was equal 20 the demund
for all things else on earth. If metal
was made money by law demand for
that metal would be created among all
the people and It's value would neces-
Rarily increase with the increased de-
maud.
Here he read from statements made
ny Senator sherman in 1875 that the
decentralization Of silver had caused
reduction Of its price and had created
mad scramble for gold on the part
OF England. France and Germany,
which had appreciated Its price and
had induced a fall In prices throughout
the world. That fall OF prices, Mr..
would not say wholly to the demone-
l tiaation of silver 1t was not the fall
of prices that was complained OF but
J the constant and steady fall of prices
due to the constant appreciation of
gold. He read from Mr.. Balfours
speech of the nth Inst In the English
parliament, attributlng the decline OF
agriculture in gold countries to the
appreciation OF gold and the artificial
J advantages II gave to silver couutri 81.
Mr.. Balfour had also declared that
the obstacles to reform came not from
abroad but were put forward at home.
Continuing, Mr. Crisp affirmed the
existence OF a well defined purpose by
those In authority both here and
abroad to depress the price Of silver
in order to prevent its remonat 2atlon,
He cited the manner in which the
Bland-Alllson act OF 1878 was exc uted,
the coinage OF the minimum amount
under the act and the refusal OF the
trensur> after n few months TO coin
silver under the act OF 1890. He cited
Secretary CArllsle's refusal to give sil-
yer for gold in 1898 because the silver
was needed for the redemption of treas.
ury notes. and his course faw
months nfterward in redeernng those
notes In gold.
what VIVID of Juggling ia that?" h,
asked. what sort OF friendly treat
ment OF silver is that?" applause
He then directed his attention to The
manner In which the parity between
the metals had been maintained.
In February. 1895, congress- he said
could have saved the people $4,000, 00
In interest by authorizing gold bonds
Congress refused" said he wv
paid -,AIcru million for the privilege o
paying In silver and now we attemp
to deny our right to do SO" applause.
"Mr. Speaker" said he continuing
"a few dnys ago Our condition wa
! pltlable. The greatest nation In intelli
Eeure and trade. we had Just applaude,
10 the echo the presidents messag
warning European powers that the
! could not be permitted to secure lodg
ment on the American continent. tn
reNerberntlons OF that applause hnl
hardly ceased before the ndministra
ton with shaking knees was hysterl
cally calling on congress for help. |
was feared that Great Britain woul
take all our gold We were absolutni
helpless In the face OF the enemy. Yc
, You want that condition perpetuated.
tApplnuse)
criticising the bond bill, he declare
that its purpose was to impound IN
greenbacks and do indirectly what N
majority dare not do directly. II wa
n plan to retire all the greenbacks b
holding them in the treasury Mt TN
cost of our Outstanding interest bearin
bonds. n plan which Mr.. Carlisle ha
characterized ms the "most remarkabl
tines
, Coming down to the practical oues
, ton whether the United State
( Independently could maintain tn
parity between silver and golt
! he said there was no differen
OF opinion: that II could be accomplish
ed by an International agreement A
n matter OF fact France had maintain
ed the parity for sew enty years. II fnu
! or i've countries could maintain n mi
lily It was conceded that the law coul
effect the result. How powerful mu,
n state be. then, to effect that result?
He quoted from Jackson and Jeffel
. son and contemporary said It had n
, manned for modern economists to ai
!. sert that TO create demand and valu
by law was physical and a metz
physical absurdity."
He also quoted Mr.. sherman and M
Carlisle (whlle he was in the house)
the effect that the united action OF Sc,
eral countries could sustain silver. a
10 the ability OF the United States
do so alone the example OF France
country infinitely inferior In weali
and trade to us. must be borne
mind Our commetce, internation
and external, exceeded that OF En-
land, Germany and France combine
and our resources were as yet und
veloped. Our population exceeds eth
OF those three countries, n our m'-