The citizen. (Frederick City, Md.) 1895-1923, 1897-07-16
SENATOR HOAR IN BEHALF OF
SILVER.

ne following Is al extract from the speech
OF Senator Hoar, OF Massachusetts. in sup
port OF the bill and in criticism OF Mr.. Villas:
Mr.. President, l should ike TO say one or
two words upon this matter, not TO delay the
vote. ! good many Senators have spoken as
II they think the possibility OF information
. arrangement Tor bInetalilsTn Is mere Chi
meTa OF dream, and have almost implied that
those persons no propose TO make the al
tempt are endeavorins TO mislead somebody
OF caJo.e somebody OF turn the attention OF
somebody away from what Is practical in this
matter but ! think those gentlemen tail TO
take INTO consideration one OF two facts. There
Is no doubt whatever that very large MAORI
~ Of the people OF the civilized world are IN
IaNur OF having what Is known as the double
standard-goic and sIiver-preyail. Look at
the condition oi pubic sentiment in the
! nlted states. There lew worthy gen
tiemen who agree with what | understand is
the opinion Of my very able and industrious
Trend from Wisconsin tAlr. Ailas), which ne
has just announced. But the Democratic par
y and the P0pulist party, the supporters CT
Nj Bryan. who are counted by millions IN
this country. believe that doctrine. The Re-
publican party. 30 lar a i can be judged by
Is platform, has declared its belief in that
doctrine, and has pledged itself TO promote
this result. There are few exceptions. as
have sad There Is the exception represented
By my honorable friend the Senator from Wis.
conSin- Then there IS my honorable friend
tie Senator from Nevada (Mr. Stewart who
says. if ] understand him correctly, that he
does not want foreign nations to. agree TO use
silver as money with Us, and have it estab-
lished for their benefit.
''Mr President. how is it in foreign nations,
I had some exceptional and unusual means Of
learning something about the matter this last
Summer when was abroad.
Il do not wish 10 be understood in saving
this a expressing confidence that this con-
summation IS at hand at ALL but I wish TO
state that the time has come for another ef-
ioTi. | wish TO state that this opinion in these
four ereat nations. France. Germany. the
United States, and England, saying nothing
Of Russia and OF the smaller Latin nations or
OF the smaller nations on the north-some Of
whom. though not all, are eager TO follow il
France and Germany will take the leads
growing. II will be stronger twelve months
hence than il is now. II is stronger now
opinion OF vast majority Of the thinking
men, OF the men engaged in agriculture, OF
the men engaged in manufacture, and also Of
the scholars OF the universities OF mankind
whether this thing will be accomplished in
three months or three years, it is coming, and
coming to stay"
SENATOR ALLISON FOR BI-METAL-
LISM.
Senator Allison, OF Iowa, is the leading Re-
publican OF the Senate. He also criticised Mr..
Villas gold standard views and advocated BIZ
uetallism. The following is an extract from
his speech:
Mr. President, this chamber seems to be
divided very much as the country is divided.
into those who believe in the single gold
standard. because they believe II is not pos
sible 10 have q double standard and equiva-
lence OF value between the two metals IN cir
culation, and those who believe it is wiser
and better for US TO have a single standard of
silver. So / find the Senator from Nevada
(Mr Stewart and the Senator from Wiscon-
sin (Mr. Nilas) in loving accord opposing this
measure. There are Others who believe that
the metallic money OF the world consists of
both gold and silver. that it has always con-
sisted OF these two metals and is likely TO
continue to consist OF them. The Senator
from Wisconsin says the two metals have
never circulated side by side. / shall not take
the time TO argue now that he is mistaken.
but it is an historical fact they practically cir
culated side by side for hundreds Of years
when the ratio OF given number of CONNER
cial nations was the same.
Mr.. President, / do not advocate this poll
cy because it is found in the platform adopted
at St. Louis. I advocate 1t because ! be
lIeye II is in the interest Of the concurrent cir
culation Of these two metals in the world and
because Il promotes the commercial interest Of
the world to minimize the difference in the
power OF exchange between great connecting
uading countries. One or the other OF those
metals, so long as these conditions prevail
VIII De the paramount metal, and so long as II is
the paramount metal the other will ductuate
up ana down in the markets of the world.
mat IS the situation to-day"