Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1899-12-19
Showing How Their Position
Is INDICATED
And How BimetaIIists Have Been
Betrayed.

WASHINGTON, Dec. i0.--The currency
bill was passed by the house by vote
Of 100 to I50. 1t had the united support
Of every Republican in tho house and of
ii Democrats--Mcssrs. Clayton, briggs,
Fitzgerald, Levy, Rupert. Scudder,
Underhill aud Wilson IN. ", MoAleer
(Pa.) Denny (Md) and Thayor (Mass.).
All the other Democrats voted against
the measure or were paired against it
except Mr.. John Walter Smith, Cover.
nor'elect from Maryland, Stallings
(Ala.) and General Joseph Wheeler
(Ala,). Mr.. StallinRs (Ala.) has not
been present in the house this session
owing to illness, and one of his col.
leagues announced that if present no
would have voted in the negative. GEN
eral Wheeler is serving III tho Philip
pines.
When the speaker announced the re.
suit tho Republicans oloered Justify.
After the vote the speaker rather unox-
pected announced tho committee seleo-
tions, and the reading OF the lists was
followed with intense engorness by the
members whose opportunities for dis
tinction depend so largely upOm their
committee assignments. The only In.
cident in connection with the reading of
the lists was Mr.. Bailey intcrrogatory
of the spealier as to whcther General
Wheoler's name had been placed upon
the committee on ways and means
Speaker Henderson responded in tho
negative. Announcement of the death
OF the late Representative Bland OF Min
souri,, which occurred last suinu.er.
caused un early Adjournment.
After tho passage by tho house OF tho
financial bill the Silver Republican
leaders In Tho city held meeting ana
adopted an address setting forth their
views as TO its effect.
They accused the.prcsident and .eal.
ers OF the Republican party OF ina.n.
cerity in declaring In the st. LOUIS
plctfarm for by bimetallism by inior.
national agreement, Tuay Hiid that
by this means millions OF voters wore
held in line.
AS soon as tho election was over tho
great Republican newspapers began TO
discard their convenient antiquities
about sound money and honcst money
and to claim tho result as definite vor.
dict In favor OF gold. The president
soon showed by his actions that he no
longer considered the pro.clection con.
struction of the platform to be binding.
His appointment MS secretary OF tho
treasury OF perhaps the most conspiou.
GUS gold standard advocate among tho
great bankers of the country was obyi.
ously not especially designed to "pro.
mote" any kind Of bimotallsm. 10 10
sure there was sent abroad the alleged
international monetary commission.
But for fear that after all foreign gov.
ernments might take tho procedure seri.
ously, he sent to Congress IN July, 1897,
at the very moment whom his commits.
Bion's proposals. wero before the English
cabinet. a special message recommend.
ing the so.cailed Indianapolis monetary
convention plan, with its program OF
the single gold standard. retiroment OF
tho grcenbacks and extension OF tho
powers, privileges and immunitios of
the national banks Meantime his SEQ.
retary OF the trearury was declaring in
interview fterinterview, most OF which
werc carefully reproduced in Europe
that bimetailism of any kind, interna.
slblo, but undesirable.
"Tho statement further said In part.
Tho international agreement or tho
Tree coinage OF silver having failed to
be promoted steps arc now tnkon to
insure that the gold standard shall bo
preserved.
"rho present bill preserves ii with
q vengeance, The vast bonded dobt of
the country now payable in coin, that
IL either in gold or silver, Ia TO 10 made
payable In gold alone. Nearly hnlf IA
billion OF standard silver dollars. hero.
totorc not redoeinablo In anything not
constituting II burden on either the gold
reserve or the credit of the government,
but forming "A large percentage OF our
basic money. rcdeomablo IN gold, thus
increasing tremendously tho strain on
that metal aud becoming an endless
chain with which TO pull gold from
the treasury and aifording an excuse
for tho final destruction Of the silver
dollars as money. and their forced salu
as bullion. after the manner of the Cor.
man procedure in 1872.
The Breenbacks are to be virtually do.
stroyed by being changed into gold cor.
uhoates, 70 bo locked up in tho treasury
ana paid out only for gold. Tho tax on
the circulation of the national banks il
TO he reduced and tho amount OF the
bank currency they may issue on gov.
ornment bonds deposited is TO be- m.
creased from 90 per cent to par of the
bonds, thus making their business enur.
mously more profitable, opening tho
way TO an Immediate possible imitation
OF Danknotes, not legal tender, excellent
Tor getting into debt on but unavailable
Tor getting out OF debt WITH TO the OK.
tent OF s2oo,ooO,0Oo; and placing the
regulation OF the volume OF money, and
hence the determination OF prices and
the burden OF debts absolutely in tho
power OF the banks and tho creditof
class.
This statement In signed bv Cbarl.s