The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-13

| ing attentivoly TO the speeches.
only one democra. thus gar has spoken In
announced today that he had pledged him
self before election 10 support the gold STAN
dard and proposed TO redeem that pledge. lie
colleagues and probably by several Others,
| The features OF the debate TODAY wero the
speeches OF Mr.. Grosvenor tOhtol Tor the bill,
aud Mr.. Cochran mo, and Mr.. Ncwlands
Messrs. Parkors tN. IL. William Allen Smith
tMich), Prince tIll), Lawrence lMass., and
Powers tvtl. for the bill, and Messts sha-
froth tColo.), and Sims tTenn.l, against ",
| In. opening MIR Grosyenor said he had
hcred the democrats would meet tho issue
presented by the pending bill but thsy were
here with the same old stale battle cry OF
ls to I. He reviewed the democratic PRIV
dictions in the last campaign. prophecying
no relief. but continued falling prices 10 cent
corn, p cent wheat Z cent cotton ana ssne ~
serihed how prosperity followed Mckinley
election and the restoration " .onhdenee.
The democrats predictsd We would nave nv
than at any period in our history Auotnrr
prediction was contraction ~ tho currency.
| The currency had Increased sie,,pOooVo IN
| three years In referring to the question OF
| antitrust legislation. he challenged ANY DEM
ocrat to pout out any amendment which
could he made consttutonally TO the sher-
| from MIR. Bryan's relncdv. Hr contendcd that
| congress could not ussail corporations IN the
states; that tho States shonld tontro' anu
icsulatc their own domestic Affairs in con-
volumes OF flame and smoke pouring IN from
| tho chimpcys OF enormous Industrial esinh-
lishmcnts. wave. beacon light TO heaven an,
| not ncipg the triumph of protective tarir and
sornd money. The scratch OF the pen upon
| tie record In the Northwest and the South
west as II cancels the millions OF mortgages
placed there in the hour of democratic dis
! tress al d starvation, now cancelled BY the
| payment Of money that has conc 10 tho own
crs OF these splendid farms through the In
telligence and patriotism of republican nd-
| ministration Joins In tho grand cry of GU
dorsement nll along the line.
Mr.. Newlands tNevl followed Mr.. eros,
Nenor In opposition to the bill. lie commended
that the panic OF 1898 was not caused by the
coinage OF silver under the sherman act, He
said the increase Of prosperity during the
past two years demonstrated tho correctness
OF the thoroughly entertained promises Of b..
metalism viz: that all other things being
equal, prices WIN depend upon the quantity
oi money In circulatlon that an increase IN
the money volume meant higher prices and
the dimnution in tho volume mean lower
prices.
MI Sbafroth (Coo), in opposing the bill,
argued that the foundation of the prosperity
IN the Harrison administration, tic depres-
sion during the Cleveland administration ana
tion lay in the supply OF basic money. Dur
ling the Harrison administration the Sher-
man purchasing act added S4,0oVov0 month
TO the supply, the repeal of that law at the
beginning of the Cleveland administration
brought disaster and the great increase IN
gold production and tho consequent increase
In basic money accorded for the prosperity
under the present administration.
Mr. Parker IN. ~. in support OF the bili.
argued that the pending question should ho'
MIR. William Alden Smith tMich.) and Mr.
Prince dll) spoke III favor OF the MI
Mr.. Cochran tMo.) opposed tho bin II
vigorous speech in which he contenued tnn,
the real question presented by the pendinie
bill was whether there was sufficient gold ~
the world upon which to pyramid the vas
and constantly increasing volume OF credit
He referred TO the recent dispatches ron
London showing the strbggie ttor goid a.
over Europe and declared that tho gold I'M
lportations during tho Mckinley adm!nistr,'
ton had produced the gold famine abroad
There was not enough gold in the world =
lido the business of the world. the lmporta
ton Of gold to pay sn VI sran abr broad
Mr. Cochran claimed, hes quirkehs,d a. sra r.,
and had produced the prosperity OF which W
republicans boosted totsy, d ne W'r snIa DO DO
e lp"J the the prosperity OF today Said crin
bJo like a house OF cards; u, the course o.
his SPEECH Mhsn S Mr odran concsns M
crown OF thorns and the cross oil goid th'
Republicans jeered derisively ., ~. Nil,
mir. Sims tTenn.) IN opposl.ion " wave,
said that under the existing prosperity vas,
did not average more than 10 per cent ANY
the panic level while the prices OF maj ma,
featured goods had increased 100 per c EN-
| Mr., DrggS kNeW roiht W"h " -. 4.
crat to speak in favor of the DILL W noH d ~,
arose many of the republicans leii nv ~,
seats and went over to the demoeratlc s va,
TO listen He declared that he peIeveu .n'
dignity and pre-eminence OF the opitea o.n ~,
would be advanced by placing THIS countr,
on the standard of the most bignly clviiiHe,
countries of the world. Before MS eieepoi
he had pledged himself to vote Tor the goi'
standard II do not arrogate TO myself, III
said addressing hts democratic coleasues
.the presumption TO say TO you that an
right and you are wrong. But b.iieve q
a democrat you would respect me less, J
knowing how feel. should not openly avov
my convictions and keep the pledges mace,
Mr. briggs announced that he would remalI
consistent democrat save only upon IN
question of free coinage
Mr.. Powers (Vt) and Mr.. Lawrence taass
supported the bill.
4 resolution was adopted directing M
speaker to appoint committee OF ten 10 loh
the committees appointed by the preslden
and senate TO prepare plans Tor the ceIebta
ton OF the centennial OF the anniversary o
, the first congress held in Washington.
II was then agreed that the sessions OF IN
house during the continuance OF the deDat
, on the currency bill should begin at /
o'clock.
Mr.. Grosvenor (ohio) announced the dealt
2 OF the late Representative Danford oil ONO
t and 1T B o'clock, as further marx OF 70
Q spect, the house adjourned.
, -0D-
, WEATHER IMPORTATION.
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