Omaha daily bee., 1899-12-12

an act which he now regarded as a piece o
unutterable stupidity.
! In 1898 when the act came to be re
I pealed, Doliyer said he was very mucl
perplexed. lie saw Senator sherman on
/ evening, sitting outside of his house Tx,
I Abraham outside his tent.
Don't trouble yourself about the failure
OF your predictions regarding silver" sal,
the senator. Every prophecy | made abou
( II has turned out exactly the opposite.
+ (Laughter)
/ Just as yours will now" interjected Coz
/ OF Tennessee, amid renewed laughter.
| Continuing, Dolliver said he believed tn,
result OF the campaign Of 1896 settled tn,
silver issue. A proposition which received
black eye in Iowa and Massachusetts, a
/ the same time, in his opinion, had no futu',
in the intellectual life OF the American
/ people.
In 1896 the cry Of Bryan he said, was fol
more money. Money was scarce 1t was
boarded. The day after the election 1t came
out from its hiding place.
Are you willing now," interrupted Sims
of Tennessee, that the mnts should 0C
opened to silver II an International agree
ment could be obtained?"
mo, sir" replied Doliver, Il have hat
my laSt Wnlrl WIN silver. L nave beer
humbuseed for the last time"
Dolliver said the cry had been for more
money. In three years of republican admin
istration s4OO,OO0,0O0 had been added to the
volume of the currency, more money than
could have been coined by the mints in ten
years if the mints had been opened to
silver
"In other words" said he, I'VE have done
for ynu in thrap vaarc ,ora tba,, yot cnnld
have done for yourselves. why don't you
get out of the road and let the main pro-
cession move on?" daughter and applause }
Dolliver recalled Bryan's prophecy that
the gold standard could not be enacted with
out a universal fall of prices. rs there a
man in this chamber" he asked, who will
rise in his place and say that Bryan knew
what he was talking about?"
Democrats Are Mute.
Not a democrat arose. Dolliver hesitated
and then continued
at is a question which goes to the heart
OF the controversy. Bryan lacked wisdom"
He also called attention to Bryan's pre-
dction that wages would fall and men would
be thrown out of employment. Yet at the
end Of three years of republican admins
tration under the gold standard, there was
not an industrious man in the country with
out employment Those three years, said
he, had removed the last fears of the repub-
licans as to the wisdom OF enacting gold
legislation. 1t could not have been two
years nor one year ago, but today the
unanimous voice of the republican party was
backed up by the experience of the business
world. In concluding. Dolliver said:
Here, as the American people stand upon
the edge of a new era, we propose to equip
our business world with the best tool Of
exchange known to 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, in Asia and the islands of the
sea, that there is no longer a doubt in the
United States as to what the standard dol
lar of the American money is. (Applause)
We are going to write in the laws of this
country what already is the practice OF our
government, that every obligation of the
United States shall be paid in gold. When
a man comes to the counter of our treasury
we are going to lay down coins before him,
the gold dollar and the silver dollar. We
are going to say to him: They are standard
coins, one of them is as good as the other;
gold is the standard and silver is con-
formable to that standard And the credit
Of the United States is out to make one just
as good as the other. Take your choice
And for one l believe that when it is in
there it will maintain the gold standard
and Just equality of all coins of the
United States. (Applause on the republican
sde)
Mcclellan OF New York opposed tho bill
Il do not wish it understood" said he, that
advocate the present system of bank note
currency."
THE fret direct consequence OF the enact
ment OF this bill" he said, will be a very
great rise in tho market price of gov
ernment bondg." Ita enactment would also
result in the extinction OF present bank note
rurrenc; Ha argued that the impounding
o, tho treasury notes aud the United States
notes in tho terms OF tho bill would result
In contraction of the currency, amount
ing to over $265 900 900, and require an issue
o. bondI Ia that amount, at an annual cost
Of SS,000,000 or a total contraction of the
currency OF nearly $510,000 900 and reduc-
tion of the per capita to $19.21
Pleads with sOund Money Men.
III conclusion, he appealed to tho sound
money democrats in the house not to vote
70. thu bill.
Sound money democrats" he said, "this
bill does not aid tho cause Of sound money.
l beg you, implore you, before you resolve
to cast your votes for it, bring to its con-
sideration all tho patriotism that is in you.
Asl: yourselves ii the passage of this bill
will not be tho end OF all financial legs-
latior, a leas; during our time; ask your
selves i. thi passage o. this bill will not
foreve: prevent e proper and just reform of
the currency ask yourselves If this bill is
not the severest blow that has ever been
aimed at sound financial system And.
II, as l believe you WILL you decide that
this Is bad bill and that its passage will now
be for the best interests of the country,
then stand up side by side with the party
you all love and TO which you all belong
and help to cast an undivided and united
democratic vote against one OF tho worst
prices OF legislation ever submitted to the
United Statea congress-" Democratic ap-
piaust.)
De Almond OF Missouri followed in oppo-
sition to the bill. Replying to Dolliver, he
said the democrats had not been oyerborne
in 1896 in the conflict OF reason, but the
republican party had won, by summoning to
It's aid the corrupt and tremendous power
of money and corporations, He charged the
republicans with decelvng the people in
1896. They were bimetallists then. If they
were honest then they must be dishonest
now; II honest now, dishonest then. The
change of the bonds from coin TO gold bonds.
he said would make a free gift of 500 000,-