St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-13

credit for changing his position on the

silver question.
He compared himself with Glad
stone" said Mr.. Brumm. "'Gladstone
and have changed our minds he says.
In my opinion his conversion can be
characterized in one word, cuckoo /"
Mr. Cannon Rep., lid presented
senate joint resolution appropriate
$4,000 for the purpose of making
joint survey with Great Brit
ain of the boundary line between
Alaska and British territory. The res
olution was adopted. The house then
resumed consideration of the bond sill
yer bill.
Mr.. Dolliver (Rep., Io.) took the floor
in opposition to the free coinage prop
osition. He reviewed the history of
the subject from the fourteenth CEN
tUry, and said that demonetization Of
silver in 1873 had not Struck it down."
for during previous period of seventy
years there had been no silver in cir
culation. Free coinage had at all times
proved a failure. He would rather
stand where he was than to jump with
out knowing whether he was to fall
upon solid ground or into a bottomless
pit. He denied that any country where
free coinage was practiced had ever en-
joyed the circulation of both gold and
silver at the same time. There was
never a time when a man stood for so
much and dollar for so little as at
present. Mr.. McMillin Dem, Tenn.)
followed
He said there was an insufficient cur
rency, and that we should not wait
for the cooperation of any foreign
country before taking steps to improve
our financial affairs. He was not for
monometallism of any sort, but de-
sired the use of both metals. The the
ory that the amount of currency in cir
culation did not affect prices was un-
founded
Mr.. Bailey Oem., Tex) sought to
prove that gold had appreciated within
the last twenty years, saying that if
would have nothing to stand on as the
basis Of their contention was that gold
was stable
REPLIED TO TOWNE.
Mr.. McCleary Rep, Minn.) said he
would endeavor to answer the state
ments made by his colleague, Mr..
TowIie. He used the maps employed
by Mr.. Towne last week and asserted
that they did not bear out the free
silver argument of his colleague. Prof
McCleary made a strong, logical, con-
elusive and irrefutable argument,
showing that Towne was entirely
wrong in assuming that one nation
could maintain free silver coinage un-
less, indeed it severed commercial re-
latlons with all other great nations of
the world, and that would be most dis
astrous. Prof McCleary took up Mr..
Towne's speech seriatim, and, al
though the Duluth man has not yet
published his speech in the Record,
McCleary has copy of the same
In his Introductory he paid high
tribute to Mr.. Towne's eloquence, but
stated that this question was one of
the practicable business sort, not
founded on sentiment McCleary
called for the very charts which Towne
used in his speech and began to an
alyze the weak points in Towne's ar
guments. McCleary showed that the
falling of prices by no means resulted
from silver reconciliation, and from
the same charts used by Towne he
proved that in 1892 prices of farm
and other products were higher than
at any time Within the past decade.
Congressman Hartman tried to get
In question asking McCleary to ex-
plain his position in voting for coming
the seigniorage during the last session
OF congress, but McCIeary ould not
be interrupted.
His remarks were followed closely
by the house.
AT $50 p. m. a recess was taken until
O'Clock this evening, the session to be
devoted to debate
Inc last night session Of the general
debate on the bill was more poorly at
tended than any Of it's predecessors.
Inc galleries were almost empty and
there were but seven members on the
floor.
Mr. Bingham Rep., Pa.) in opposi-
ton to the senate free coinage substi-
tute, predicted another $100, 600 900 bond
issue unless some legislation was en-
acted covering gold redemption of
greenbacks. He favored an increase
OF the national bank circulation, the
payment of customs duties in gold and
the refunding of the greenbacks and
the treasury notes into 2-per-cent
bonds. The only two other speakers.
Wood Rep., Ill) and Gardner (Rep..
N. j., were against the senate substi-
tute. AT o'clock, for want of more
speakers, the house took a recess until
1880 tomorrow morning.