Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-12-16
FOR THE GOLD STANDARD
ReSump ION of Debate on the Currency
Bill.
Close Attention Given Mr.. Bailey by
Eoth sides of the HOuse-Ses-
sion Held Last Night.

In the House yesterday afternoon MIR.
! Bailey spoke on the currency bill. He re
| ceived close attention from both sides when
| he spoke. \ remarkable spectacle was
| presented he sad. by the debate on this
| bill He recalled that when in the Fifty
| fourth Congress Mr.. Towne asserted that
| The republican party had never declared for
| gold standard the Congressional Record
| showed that he interrupted by many
| republicans with the exclamation. And it
| never will
| Mr.. Bai,ey said the republican side was
| So busy studying the trend of events that
| i had no time to study the science of
! money. While the first section of this bill
] purpo-tsd to establish the gold standard
! the law of 1873 fixed the gold dollar as the
| unit of value. This bill was. therefore,
simply re-cnactment put forward to
! make people believe something new and
wise was being done.
When Mr.. Bailey referred to the increased
production of gold Mr. Ddlzeil interrupted
to ask if in view of this increased supply
OF gold Mr.. Bailey still believed in silver
at IL to l.
The Texan responded emphatically in the
affirmative. amid democratic applause. The
democratic side simply asked sufficiency
of basic money. and if this was supplied
b. either gold silver then instead of re-
futing the democratic position it simply
confirmed *.
Mr. Bailey declared that the logical out
come of this bill would be to take the mil
lions of silver impounded in the treasury
into the open market and sell 1t, as Ger
many had done If the supporters of the
measure were honest and consistent they
would thus offer the silver for sale now,
as that would be the inevitable fate of sill
Yer under this bill. He compared the ap-
preciation of gold value and the correspond
ing depreciation of cotton and wheat
Mr. Bailey closed his speech with stir
ring tributp n the lime lOnOrtt and indy
ing democratic organization. which evoked
applause from the democratic side
Immediately following Mr. Bailey came
the statement of Mr.. Scudder IN. ", "as
a democrat / favor the single gold stand
ard and will vote for this bill While not
concurring in all of the features of the bill,
Mr. Scuddcr said the main feature. estab-
fishing a gold standard and giving stability
to values comma nded his support.
Object of the Present Bill
Mr.. Payne IN. " said Mr.. Bailey had
discovered nothing new in the old law fix
ing the gold standard. The trouble had
been to have gentlemen on the democratic
side accept that law. and the purpose of
the present bin was TO place the subject
beyond further doubt and demonstration.
Mr.. Dalzell Pa.} said the republican par
~ was a progressive party; it was ready
to meet the needs and demands of the pres
ent. Mr.. DalZell referred toNhe published
interview of that gentleman who has
made demagoguery a profession during
his wanderings in Texas. that the pending
bill should be defeated because it was not
in the interest of the democratic party.
Mr.. Richardson (Tenn) sharply ques-
toned this statement, saying the reference
had been to the democracy and not to
the democratic party
Mr.. Bethany IN. c. spoke against the
bill. Messrs. Mondell CWyo). Kerr and
Cromwell (Ohio) spoke in favor of the
pending measure.
The debate closed with a short speech by
Mr.. Morris tMinnD in support of the BILL
after which. at clock, the House took a
recess until pm.
Many Speeches for the Bill.
At the evening session Mr.. Clayton N.Y.
announced his intention to vote for the
financial bill. In response to uufavorable
references which had been made to gold
democrats, Mr.. Clayton said there were
many of that belief in New York. and the
number growing constantly. Others
who spoke for the bill Were Messrs Sullo-
way IN. HI, Bingham Pa.), Mudd (Md)
and Minor tWis.). Those who spoke
against the bill were Robinson (Neb.),
Thomas IN. c., Lloyd CMo), Snodgrass
+Tenn). Rucker MOI, Robb CMo.). Daven-
port CPa). Lamb CVa.), Caldwell Qll). Ste
phens tTex.}. Gordon tOhio) and Neville
CNebD.
At 1O:15 the House adjourned.