Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-02-12

ton. Ricbmond; w. V. Wilson, Jr.,
f.vnchburg Va; +. j. Harris. Amherst,
Va: Miss Payne and Miss N. Payne,
Warrenton, Va: Mrs. s. l.. Hubbard
Norfolk. Va. w. A. Rogers. Loudoun'
va. are az the Raleigh,
n. w. Moore. Virginia; c. t. Flournoy'
r. S. f.. Dobbs, Winston. n. C.; l.. Is.
Tent, Virginia; r. G. Murphy, virginia
g. Creel, Virginia, are at the HoVaru-
House.
SWANSON on GOLD STANDARD.
To-day In the House an extended ana
exciting debate on the financial ques-
lion was precipltated. growing out OF the
bin authorizing the Territories, In fund-
ing their debts, TO issue bonds payable
In gold. There was a prolonged discus
sion, both for and against the PROPOSE
ton. involving a discussion OF the imam
cial issue In the recent presidential cam
paign. Among those who took an ac-
tive part in the debate were: representa-
tives McMnlin. Walker, Lacy Bartiett'
Bailey. Hartman, Swanson OF virginia
and others.
In discussing the subject. Mr.. Swanson
presented the serious objections TO the
governments approving contracts pay
able in gold. He argued that the pres
ent low price Of property resulted from
the great demand that existed in the
world for gold which Is the standard
OF value for property. He showed tnat
there would be no appreciation OIL the
price OF property or produce until the
exchangeable price of gold was reduced.
He said that the price of gold could
only be reduced by lessening the demand
for it, that the demand for gold would
be increased. and its price Increased as
debts are made payable in gold alone.
pal. county. State, and Federal bonds are
made payable I'm gold. it would so greatly
increase the demand for gold az to result
in its great appreciation, which Is put
another way of expressing the deprecia-
ton OF property.
THE DEMOCRATIC BOILERS.
In replying to Mr.. Bartlett Of New
York. who as a Democrat had bolted
the Democratic convention at Chicago
and who had accused the Bryan Demo-
Gratis OF having deserted the party, Mr.
Swanson said that this administration
was welded to Wall street, and, using
all of it's corrupting influences, had
sought TO control and dominate the Chi
cage convention. to further the purposes
of the money-power.s He stated that
when the Democratic convention met at
Chicago. it repudiated the policies and
principles OF this administration, and
those held by the gentleman from New
York: that the Democratic party had
taken advanced ground for the remoneti-
cation Of silver and financial reform, and
that it would never beat retreat from
the position il had then assumed.
Mr.. Swanson concluded his remarks by
saving that the battle of November had
left the Democratic party united, COM
pact, and aggressive; that 1t was now
impatiently awaiting for a decisive con-
fict with the forces of plutocracy, and
that the great accessions which had
come to it on account Of the manifest
failure of Republican promises insured
that. when the encounter came, 1t would
result in a great Democratic victory.
APPOINTMENTS HUNG UP.
The appointment of W. S. Hams as
postmaster at Wilson, n. c., vice Barnes,
deceased, and Of +. w. Wilcox, Rocky
Mount, n. c., vice d. II. Bum, with
drawn; the reappointment Of Mrs. Green,
at Warrenton, n. c., and the original APP
pointment of d. McLyre, at Lenoir, N.
c.. are hung up in the Senate Post-Ofiice
Committee on account Of objections,
made by Senator Pritchard, whose i'll
ness has prevented any action on the
part of the committee. The impression
is that these appointments will so over
and will not be acted upon at this session
Of Congress.