Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-12-19
THE VOTE 1870 TO $50.
Currency Bill Went Through
In the House.
ELEVEN DEMOCRATS VOTED FOR III.
Among Them Was McAIeer of Penusyi-
yania-silver Republican Leaders Issued
Address, criticising the Attitude of
the Old Party Condemned the Bill.

an Address, Grftlcising the Attitude of
the Old Party Condemned the Bill.
WASHINGTON, Dec. 19.-The currency
bill was passed by the house by vote
of 1870 TO $50. 1t had the united support
of every Republican in the house and Of
II observation-disclosures. Clayton, briggs,
Fitzgerald, Levy, Rupert, Scudder,
Underhill and Wilson IN. ", McAleer
(Pa.) Denny (Md.) and Thayer Mass
Ali the other Democrats voted against
the measure or were paired against it
except Mr.. John Walter Smith, COVER
nor-elect from Maryland, Stalllngs
(Ala.) and General Joseph Wheeler
(Ala,). Mr.. Stallings (Ala.) has not
been present in the house this session
owing to illness, and one Of his col
leagues announced that if present he
would have voted in the negative. Gen
eral Wheeler is serving in the Philip
pines.
When the speaker announced the re-
suit the Republicans cheered Justify.
After the vote the speaker rather unex-
pected announced the committee selec-
tions, and the reading of the lists was
followed with intense eagerness by the
members whose opportunities for dis
tinctlon depend SO largely upon their
committee assignments. The only in.
cident in connection with the reading Of
the lists was Mr.. Baileys interrogatory
of the speaker as to whether General
Wheeler's name had been placed upon
the committee on ways and means.
Speaker Henderson responded in the
negative. Announcement Of the death
of the late Representative Bland OF Mis-
souri,, which occurred last sum mer.
caused al early adjournment.
After the passage by the house of the
financial bill the Silver Republican
leaders in the city held a meeting and
adopted an address setting forth their
views as TO its effect.
They accused the.president and lead
ers OF the Republican party of insin-
certify in declaring in the St. Louis
platfarm for by bimetallism by inter.
national agreement. They said that
by this means millions of voters were
held i'll line.
AS soon as the election was over the
great Republican newspapers began to
discard their convenient antiquities
about sound money and honest money
and TO claim the result as definite YER
dict i'll favor of geld. The president
soon showed by his actions that he ne
longer considered the prediction con-
struction of the platform to be binding.
His appointment as secretary of the
treasury of perhaps the most consplcu-
GUS gold standard advocate among the
great bankers of the country was obvi-
ously not especially designed to "pro-
mote any kind of bimetallism To be
sure there was sent abroad the alleged
international monetary commission.
But for fear that after all foreign gov
ernments might take the procedure seri-
ously, he sent to Congress in July, 1897,
at the very moment when his commits
sion's proposals were before the English
cabinet, a special message recommend
ing the socailed indianapolis monetary
convention plan, with its program of
the single gold standard, retirement OF
the greenbacks and extensions t the
powers, privileges and immunities OF
the national banks. Meantime his Sec
Rotary OF the trearury was declaring in
interview after interview, most of which
were carefully reproduced in Europe
that bimetailism of any kind, interna-
slblo, but undesirable.
1.-The statement further said in part.
- ne international agreement for the
free coinage of silver having failed to
be promoted steps are now taken to
insure that the gold standard shall be
preserved.
''The present bill preserves it with
a vengeance. The vast bonded debt of
the country now payable in coin, that
is either III gold or silver, is to be made
payable in gold alone. Nearly half a
billion of standard silver dollars, here
tofore not redeemable in anything not
constituting burden ON either the gold
reserve or the credit of the government.
but forming large percentage of our
basic money. redeemable in gold, thus
increasing tremendously the strain on
that metal and becoming an endless
chain with which to pull gold from
the ureas2ry and affordlng an excuse
for the final destruction of the silver
dollars as money, and their forced sale
as bullion, after the manner of the Ger
man procedure in 1872.
The greenbacks are to be virtually de-
stroyed by being changed into gold GER
tificaues, to be locked up in the treasury
and paid out only for gold. The tax on
the circulation of the national banks is
to be reduced and the amount of the
bank currency they may issue ON gov
eminent bonds deposited is to be In
creased from 80 per cent to par of the
bonds, thus making their business enor.
mously more profitable, opening the
way to an immediate possible imitation
OF banknotes, not legal tender, excellent
for getting into debt on but unavailable
for getting out of debt with. to the ex-
tent of 5000, 900; and placing the
regulation of the volume of money, and
hence the determination of prices and
the burden of debts absolutely in the
power of the banks and the creditor
class.
This statement is signed by Charles
A. Towne, chairman committee; Henry
M Teller, r. +. Pettigrew, Frank j.
Cannon, Edgar Wilson, Charles s. Hart
man, John Shafroth and Fred T. Du-
bols, chairman executive committee
Died at Her Home.