The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-12-12

OTHER SPEECHES.
Remarks of Messrs. Maddox, Dolliver,
Mcclellan and De Almond.
Mr.. Maddox Dem., Ga.) was the first
speaker in opposition to the bill. Referring
to former Speaker Reeds New York
speech advising the immediate enactment
Of gold standard legislation before some
branch Of the government got away from
the Republican party. he said: THE faith
full understand that this legislation must be
enacted at once or not at ALL" The enact
ment of gold standard legislation, he de-
clared, had never been an issue before the
people. If gold was now the existing
standard" as contended, it was so by the
unlawful usurpation Of the executive offices
of the government. The treasury under the
bill, he predicted, would be raided. The
bill would convert every obligation OF the
treasury into a gold obligation and would
compel the government to sell millions OF
gold to the amount OF Is per cent. OF all
the outstanding notes OF whatever charac-
ter. He argued that under the bill banks
with 100000 capital, now required to de-
post bonds equal to a third OF their cap
ital in the treasury, were required TO de-
post only $4,000 in bonds. enabling them to
contract or expand the currency at will
He then assailed Republican advocates of
the gold standard for apostacy, and particu-
larly attacked Messrs. Hepburn, Dingley
and Grosvenor, who, he said, advocated sill
yer coinage by international agreement in
1891 Mr.. Maddox summed up his argument
by declaring the measure to be a bill de-
signed to legalize the authority usurped by
the secretary OF the treasury to put the
country on gold basis, to demonetize one
half the final money of redemption, TO alter
the obligations of the people without their
consent into gold obligations. TO contract
the currency at the will of the banks and
to create gigantic bark trust for the
benefit of few thousand people.
Mr. Dolliver. the next speaker, read from
the speech of Governor Altgeld to the ef-
feet that the Republican Congress would
obey orders and enact gold standard legis-
iation. For himself. he said he proud
ders OF the people Of his dstrict--trying 10
put the laws of the country into harmony
with their opinions. The pending bill was
compromise representing the wisdom OF
of the science of money" said he, that en-
ables every one Of its students to compre.
bend his own ideas without being very hos
pitabie toward the ideas OF others"
A CHRISTMAS GIFT.
This was bill to set at rest all doubt as
to the standard In this country 1t should
country as a Christmas gift. He tDolliverl
did not want his record and past follies to
be brought up against him. He had voted
for the Sherman act in 1890. an act which
he now regarded as a piece of unutterable
stupidity. In 1893. when the act came to be
repealed, Mr.. Dolliver said he was very
much perplexed. He saw Senator Sherman
one evening outside his house like a Brah-
min outside his tent. Don't trouble your
self about the failure OF your predictions
REGARDING silver" said the senator; every
exactly the opposite" Laughter
Just as yours will now" interjected Mr..
Cox, of Tennessee, amid renewed laughter.
Continuing. Mr. Dolliver said he believed
that the result Of the campaign of 1895 set
tied the silver issue. proposition which
received a black eye in Iowa and Massa-
chusetts at the same time, in his opinion.
had no future in the intellectual life OF the
American people. In 1896 the cry Of Bryan,
he said, was for more money Money was
scarce 1t was boarded. The day after the
election it came out from its hiding.
are you willing. now" interrupted Mr.
Sims, of Tennessee, that the minis should
be opened TO silver IL international
agreement could be obtained?"
mo. sir" replied Mr.. Doliver. IT have
had my fast whirl with silver. / have been
humbugged for the last time"
Mr.. Dolliver said that the cry had been
for more money. In three years of Re-
publican administration 800 00O, 900 had been
added TO the volume OF the currency. more
money than could have been coined by the
minis in ten years IL the minis had been
opened to silver. ''In other words" said
he. 1--WE have done for you i'm three years
more than you could have done for your
selves. Why don't you get out Of the road
and let the main procession move on?'
daughter and applause.l
BRYAN'S FALSE PROPHECY.
Mr.. Dolliver recalled Mr.. organs pro-
phecy that the gold standard could not be
enacted without universal fall OF prices.
"Is there a man in this chamber?" he
asked, who will rise in his place and say
that Mr.. Bryan knew what he was talking
about?" Not a Democrat rose. Mr.. Dolli-
yer paused. reiterated his question and
then resumed. lit is then confessed that in
a question which goes to the heart Of the
controversy Mr.. Bryan lacked wisdom"
He also called attention TO Mr.. Bryans pre-
diction that wages would fall and men
would be thrown out OF employment. Yet
at the end OF three years OF Republican adj
ministration under the gold standard there
was not an industrious man In the country
without employment Those three years.
said he. had resolved the last fears OF the
Republicans as to the wisdom of enacting
gold legislation. II could not have been
done two years nor one year ago. but to-
day the unanimous voice OF the Republican
party was backed up by the experience OF
the DuSlntSS NOIlu
In concluding Mr.. Dolliver said: Here
as the American people stand upon the
edge of a new era, We propose 20 equip our
business world with the best too OF ex-
change known TO modern commerce. We
propose TO send our ships into all parts az
the world. have raised flag in
the uttermost parts OF the earth. Ard we
want IL understood In Europe. In Africa.
Asia and the islands OF the sea that there
is no longer a doubt in the United States as
TO what is the standard dollar OF the Amer
lean people. tApplause.l We are going to
write i'm the laws OF this countr-- what al
ready is the practice OF our government.
that every obligation of the United States
shall be paid in gold. When a man comes