Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-02-15

4 uu au international agreement could
D. store the old raN, between gold and
2 silver Dec said. ttou 30 was conceded
That aw could a0e0t values. and the
+ practical question WAS not whether an
power was behind the government. but
t)w much power AppIause)
Pr crisp quoted from the late Secre-
tuy Manning 20 prove that IT was pos
s.Dl, f.r the United States 10 restore and
maintain silver coinage THAT was in
tne days before 70 had been discovered
That law had no power TO affect values"
Op.l ueeJ Senator sherman Ohen Sec
rei1ry ShermlU had stated that. IN a
government Ike ours, il was always a
good thing o. obey the popular VIII.
"And Why should it not be-" MI Crisp
asked
What the friends OF silver asked was
that the old conditions be restored,
that the United States undertake for
itself and mankind what France greatly
inferior 10 this country. maintained for
a period Of seventy years; that the law
Doe observed in the exercise Of an option
I'm favor Of the people IN the transactions
Of the Treasury Department. and. finally.
that the owner OF 81 IL grains Of silver
may take 1t to any mint in the country
and receive for II a dollar Of American
money.
"li we return to the condition OF our
fathers. ana return 20 the financial i'm
dependence Of the nation. We may not
only hope that prosperity viii again beam
upon us as a people. but that it Will con-
tiuue 10 be our portion" Applause)
MIR. TURNER
Mr. Turner. Mr.. Crisps political coll
league ON the committee. and a repre-
sentative from the same State. followed
the eX-Speaker I'm opposition to the SEN
ate substitute Describing the situation,
hc said the Senate had sent the House
bin back with an its provisions stricken
out and substitute inserted, instead
Of which they would better have sent
scheme for the annexation of Mexico,
silver. and all He Was opposed 10 the
free coinage of silver for the reason
that an human experience showed that
the Introduction of cheaper or in
ferior money was always followed by the
departure Of the better money. Proof Of
this Mr.. Turner found i'm brief review
of the movements OF money in the United
States since IL first began TO CON IL IN
1892.
Coming 20 the main question, "Can the
United States sinely and alone MAIN
tain the parity of gold and silver under
the free and unlimited coinage OF both?'
which Mir. Turner said his colleague asket
several times. but at no time tried to
answer the Speaker said he could prove
the negative 90 any fairmindsd man 10y
amy process of proof or argument with
which mankind was familiar.
Would his colleague Try the method OF
the court? Whom would he call for the
affirmative; Mexico? Would he call China,
the followers Of Confucious. whose
prcscriptve wall. shutting out all peo-
pies. was now just yielding TO the pro-
eress of nations? Would he call Japan.
that progressive country of the East,
con the verge Of an abandonment of tn,
theory OF my frierd?"
ON the other hand. for the negative.
Mr. Turner said ne would call England.
to which country he paid a glowing tri-
butte CLet those VINO will crticisc me
for it, he said as the greatest govern
ing power that ever existed on the earth
Germany France, and all the enlightened
and progressive nations Of the world
From the experience OF the United
States Mr.. Turner proceeded TO show that
it could not maintain free coinage. re-
viewing the several efforts in the Bland
Allison act Of 1873. and the Sherman act
Of 1880 to coin more or less silver
but under both Of these the price Of
silver had steadily decreased.
Making a final appeal TO the COM
mon sense and judgment Of mankind
on this subject Mr.. Turner inquired
IL the great majority Of all the COM
rercial nations of the world could be
mistaken I'm the opinion that the expert
ment Of the free coinage OF silver would
be attended with serious detrimental re-
suits.
ACTION OF GERMANY.
Mr. Terry DemocraO. OF Arkansas:
The Reichstag of Germany voted I'm favor
Of bimetallism. and the people of Eng
land are In favor OF the same thing. But
the action of those governments is di-
rected by the Rothschilds, who hold a
mortgage on every throne In Europe as
well as a receivership Of the United
States. (Applause)
MIR. Turner responded that Mr.. Bal
four had stated that England could not
herself and alone undertake the free
coinage of silver The German Relchstag
had voted IN favor Of bime;alism I'm
connection with IN the commercial ma
tions OF the world. and not as an in
dependent measure. And thus these
arguments. one by one. fall away when
they are examined in the light OF
facts"
Mt Turner was questioned by Mr..
Luncy as 10 how he expected the gov
cmment 10 avoid further sale Of bonds
unless it received additional revenue from
the tarn or the operation OF the silver
substitute.
tie responded by asking Mr Lnney
and those who believed with him how
the Treasury was to obtain the gold
with which TO maintain the parity of
gold and currency, or OF gold and sill
Yer. II the power 10 sell gold bonds
were taken away. There would be no.
thing left but silver for the Secretary 10
!.
was being received In the payment OF
customs duties Already. Mr Turner,
claimed, 40 gold was in circulation. sill
ver and silver certificates alone being
found in the purses of the average citl-
zen. II that became the standard OF
the country. every workineman, the class
which should be the particular object OF
the governments regard and protec-
ton. would ind that his dollars had
suddenly shrunk TO 20 cents.
In conclusion. Mr. Turner made an
elaborate argument 20 show that the
United States singly could not maintain
silver coinare, and that an attempt
20 do so would cause a financial convul-
sion in the country.
DALzE1L
Mr.. Dalzell Wepublican), OF Pennsyl-
vanla. also a member of the Ways and
Means Committee, made the closing
speech OF the day. He asserted that the
main proposition involved IN this discussion |
had not been considered. The propo-
sitlon was whether this House was ready !
10 abandon its own legislation and ac- |
rept the legislation Of the Senate, which |
was In no way germane thereto. lie !
warned the silver men that their cause
would not gain by an attempted humilia-
ton Of the House, or its subsection to |
the demands OF the Senate. The free