Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-12-12
SSH CONGRESS-.
Continued from page -


be brought up against him. He had
voted for the Sherman act in 1890 an
act which he now regarded as Il piece
of unutterable stupidity. In 1873, when
the act came to be repealed. DolliVer
said he was very much pefplexed. lie
saw Senator Sherman, one evening.
sitting outside his house. Don
trouble yourself about the failure Of
your predictions regarding silver, said
the senator every prophecy | made
about it has turned out exactly the op-
posite." Laughter).
Just as yours will now. int rejected
Cox. Tenn. amid laughter.
Deliver commended III" act Of lH.,;
as one worthy of tn" administration Of
Grant. and said hc believed tn country
would have been better off if nothing
had been done for silver after that act
He believed that the result of the cam
pagn Of 90 settled the silver issue. \
proposition which received a black eye
in Iowa and Massachusetts at tn" same
time. in his opinion had no future in
the intellectual life Of the American
people In 1896 he cry of Bryan he
said, was for more money. Money was
scarce. II was boarded. Th" day after
the election it came ont from its hiding.
Are you willing now" interrupted
Sims. Tenn. that the minis should
he opened Ia silver il an international
agreement could be obtained"
No, sir" replied Deliver. Il have
had my last Whirl with silver. have
been humbugged for the last time"
Deliver said that the cry had been for
more money. Tn three years OF Republic
can administration sioo.noo,00 had been
added To the volume Of the currency.
more money than could have been coined
by the minis in 10 years if the minis had
been opened TO silver. In other words
said he, I'VE have done for YOU in three
years more than you could have done for
yourselves. Why don't You get out Of the
road and let the main procession move
on?' UauGhtcrI.
Deliver recalled Mr. Eryans prophecy
that the gold standard could not be en-
acted without universal fan Of prices.
is there man in this chamber. he
asked. who will rise in Ills place ana say
that Mr.. Bryan knew what h. was talk
ing about?
Not a Democrat rose. Deliver paused,
reiterated his question ana then resumed /:
which goes to the heart IS TIE contro-
vcrsy. Mr.. Bryan lacked wisdom.
He also called attention 10 Mr.. Bryan :
prediction that wages would fall and men
would be thrown out nf employment. YET
at the end Of three wears Of Republican,
administration under thr gold standard
there was not an industrious man in III.
country without employ mcnt. Those
three years. SAID NC. NAT resolved thc IN,
fears IF the Republican party a. to the
wisdom Of cnartiug gold legislation. W
could not have been done TWO years nor
one year a@p. mt. today. the unanim pu~
voice Of the Republican party Wis backed
up by the eXperieng" "1 tho business
world.
Dolliver said: Hero AS inc American
people stand upon thu rdGe # new er4
we propose til equip our business world
with the best t"rl Of cNrhitug" known I"
modern commerce. We want II UNDER
stood in Europe and America. in Africa.
in Asia in the islands vi the sea. that
there is no longer = doubt in thu United
States AZ to what the standard dollar III
the American people is. No are going -
write in the laws OF this country what al
ready the practice 81 our government
that every obi CATION OF the tnlted states
shaii % ptln ~ SnII' ,ii.. . .t,
DolliVer expressed the bciltf tnil thT
bill. II enacted, Wpuld MAINTAIN MN iii"
standard ana the luSt eputHlE OF an con-,
IF the United States tAppidusc On ms
NcGIalian \. VI. onnoe.d the bill II
do not wish il undrrstnnd F" Said ne that
advocate the present system of bank
note currency The first direct conse-
u1cncn III tho enactment of this bill will
be a very great rise in the market prize,
Of government bonds. Let M illustrate
cents. The bond SNnd.rtl" assumed I'M
der TIA" terms 0l tE'ir offer that 4 ! ~ 7
cent coin bond at lUi'. Is "GHHl IN EHlu'
tn a = prr cent gold bond 1t ii,ir. The
enactment uf thia IilI VIII mak" all uuf
coin bonds .;old bomb. So that 10y the rca-
snninr II tI,r BOND syndicate 4 / I,r cent.
coin, bond :i IniI. viii h.. equal in value t.
4 pcr cent. gud bond At l.i liz. ThcS.
bonds ar" now in thr market 1t H. So
thst hy this reasoning ho substitution ~
the word gold fer ihr word com
must iucrpst-,, thor mrrkDi pri"" 80 lJ ~
- - p.r cent. TH, substitution IF iH'
word '"nld' fnr thr Mprd 'rcin' 'ild
result in an tInt:lru,-l bonus ut over ttI.-
u,N nnp H. mo ahuiIrr,. ~ tn. loan ot i>A
alone"
McClrII3u eiid thiit TN, -u;tct nirut az
the hill would result in lll, extinction of
the present bank note currency. lIc Or
t:urd that tn. inpulindiur 1T thr treasury
nUt"= aud III, I'ri'"d State motto iu the
terms nf tn" hill WuHll result iu /, con
traction If IN, currency anmIutIu-, +,
.,yer xnC. rnn nuu anna require ,u t,+fI.. u|
hnnds In INN ,tu,t.nt .,t .u annual ,.p-r
III ~ 49, nou ~ , fatal contraction uf tn,
,.,Irrru.t- nr nearly $iu url n,tl ana =, r,.,!r
ton ~ thc tn,r t.,t,ita IA. >In.G
II, app, .il,.,i to TN. sound nnu-y Dcn"
crutS ne, 90 Nutt for tlr Hill. ''Suuu,
money Democrats. -rid H. this iii
1"rN ny az ing t'H7' ~ SOUND n n