New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-12

.rver, prophecy made about IL mas '""''
exactly the opposite" dLaughter' ~ cox
lust as yours will now inter>ecteo MI
dem Tenn amid renewed lauehtei' -,
C,,,u,rg Mr. Dolliver commended the ACT "a
,so9 &c ona worthy of the Administration OF Jim
and said he believed the country "ou'u &C.,
better of If nothing had been done iof si" .
that act He believed that the result vi wv 80
paign Of 1896 settled the silver Issue - % H.
t,on which received black eye In iowa anu -
o.,,sa,,s az the same time. in his opinion, hau
NO future in the intellectual life Of the American
people -, o., ,,or.
In 1896 the cry OF Bryan. he SAID was ioI i,o ~,
money Money scarce III was nodiue.'
day aftor tho election It out from Its hiding
- ,o,, willing now" interrupted Mr. Sims
c,o,, Tennl that the minis should be opened
70 silver IL an international agreement could be oo-
tained?' - 49,,
last whirl with silver have been humbugged ior
the last time
Mr. Dolliver said that the cry had been for more
roopov In three wears OF Republican Administra-
tion $500 900 900 had been added to the volume OF tho
currency-more money than could have been coined
by the minis in ten years If the mints had peen
opened 10 silver "1n other words" said he' we
have done for you in three years more than you
could have done for yourselves. Why don't you
get out Of tho road and let the main procession
move on?" daughter and appause)
BRYAN's FALSE PROPHECY.
Mr.. Dolliver recalled Mr. Bryans prophecy that
the gold standard could not be enacted withous a
universal fall OF prices. rs there a man In this
chamber" he asked, "who will rise in his place
and say that Mr.. Bryan knew what he was talk
ing aDout?"
Not a Democrat rose. Mr. Dolliver paused reit-
Grated HIS question, and then resumed: Ut Is then
confessed that in a question which goes to the
heart Of the controversy Mr.. Bryan lacked wis
DOM" lie also called attention 10 Mr.. Bryans
prediction that wages would fall and men would be
thrown out of employment Yet at the end OF three
years of Republican Administration under the gold
standard there was not an industrious man IN the
country without employment. Those three years
said he, had resolved the last fears of the Repuh1-
party as to the wisdom of enacting gold legis-
lation. 1t could not have been done two years nor
year ago but to-day the unanimous voice OF
the Republican party was backed up by the eX-
perience Of the business world.
In concluding Mr.. Dollver said:
Here as the American people stand upon the edge
world with the best tool Of exchange known 10
modern commerce; We propose TO send our ships
into all parts OF the world. as we have raised our
flag in the uttermost parts Of the earth: And
we want It understood in Europe and America in
Africa and Asia and in the islands of the sea that
there is no longer debate in the United States as
to what the standard dollar of the American
the laws of this country what already Is the
practice Of our Government, that every opIlgaton
man comes to the counter OF our Treasury we are
dollar En and The silver dollar We are going to say
TO him, There are the standard coins one OF them
is as good as the other; gold is the standard and
credit Of the United States is out TO make one
just as good as the other take your choice
And for one. I believe that when IT is in there it
will maintain the gold standard and just equall-
ty of all conts Of the United States Applause on
the Republican side)
TWO MORE DEMOCRATS HEARD.
Mr. Mcclellan Dem. ~ " opposed the bill. 81
do not wish IL understood" said he. that l
advocate the present system Of bank note cur
rency. The first direct consequence Of the enact
ment of this appeal will be a very great raise IN
the market price of Government bonds. Let me
illustrate by one class OF bonds, the 1925 A per
OF their contract that per cent coin bond at lVi2
The qen IN Of 70 this BIZ will make ali our
bonds gold bonds, that by the reasoning OF
viii be equal in value to per cent gold bond at
1s3 l-S These bonds now in the market at l5i,
so that by this reasoning the substitution OF the
word gold for the word coin must increase their
market price to III or q As per cent The su6st,n
result in an unearned bonus of over sixty millions
to the holders Of the loan ofrs95 alone" 90,
would result in the extinction of the present bank,
note currency He argued that the ImPoqndpg o oI
under the terms of the bill would result in con
traction OF the currency amounting 10 over ovn
at an annual cost Of $4,000 or total contraction
of the currency OF nearly solO,VNVVV anu d leuNN-
ton of the per capita to $l9 q. &C.,.
In conclusion he appealed TO the Sound money
Democrats in the House not 70 vote lot tne pill,
Sound Money Democrats" said he, this pill does
not aid the cause Of sound money peg you, 81
inplore you, before you resolve 10 cast your N9tes
for it. bring to its consideration an me Of
that is in you Ask yourselves II tne passes VI
This hill will not be the end OF all financial eglsia,
ton, at least during our time; ASK yourseiVes. IL
the passage OF this bill will not forever pre pre- d
proper and just reform Of the currency; ASK your
selves II this bill is not the severest ploW rna' Cd
ever been aimed at sound h1anS ced gat th,s is
bad BILL and that its passage VIII not De or Ia
best interests OF the country; then stand up h SUI
YOU ali belong and help 10 cast an undivided ana
united Democratic vote against one OF the worsi
pieces Of legislation ever sn0mi6tea se 'he
Mr. De Almond Dem MOI followed IN oppos,l51
ton TO the bill Replying to Mr. polver ne 0os saiu
The conflict of reason but the Republican party
lad won by summoning to its aid the corrupt
and tremendous power or money aIu di,n The
People t,Ai in 1896 They were bmetallists then. II
they honest then. they must DE msh iso
Of the bonds from coin gold bonds he said. would
make free gift of 800 100000 to the bondhoders he
declared that after Mr. Delivers assertion 'h I
every voice in the Republican caucus was for the
bill not one member on the other SIDE could go
back to his constituents In the coming SGngre e
the bill that he yielded to the superior WISDOM OF
his colleagues In caucus. So.
that this measure would Overwhelmingly defeat the
| Republican party in 1900 When the people vac.
tory was won next fall SAID ne IN concTs1n cot
tage" Canton Ohio to offer congratulations. but
beyond the mississippi to that modest home IN LIN
friend OF the people. Democratic applause) =,
Mr. Greene Rep.. PENN then announced the
Ermentrout of Pennsylvania and at sos. as a
mark Of respect, the House adjourned.