The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1899-12-19
STANDARD ALREADY FIXED,
Bailey Declared the Law of 1878 Estab!
lished IL and New Law Was
Not Needed.

WASHINGTON, Dec. 16.-The closing
dayof the general debate on tho finan.
cial bill in the house proved to be one OF
exceptional interest. At the outset q
sharp personal colloquy occurred be.
tween Representatives Wheeler and
Berry (Ky.) over the recent Kentucky
election and the charges growing out Of
it. Considerable feeling was shown,
Later in the day Mr.. Bailey (Tex.), un'
til recently the Democratic floor leader,
received close attention in an hours
speech, vigorously presenting the Demo
cratic view and euloglzinR the Demo
cratic organization. In marked con
trast with Mr.. Bailey's utterances, Mr.
Scudder IN. ", who followed him, an
nounced that as Democrat he believed
in the gold standard and would vote for
it. Mr.. Payne IN. Y. and MIR. Dalzell
(Pa.) also spoke during the day.
Mr.. Bailey said q remarkable spec.
tacle was presented by the debate on thii
bill. He recalled that when in the
Fifty-fourth congress Mr.. Towne as
serted that the Republican party had
never declared for a gold standard, The
Congressional Record showed that he
was interrupted by many Republicans
with the exclamation: "And 1t meyer
will"
Mr.. Bailey said the Republican side
was so busy studying the trend OF events
that it had no time to study the science
of money. While the first section o
this bill purported to establish the golt
standard, the law of 1875 fixed the golt
dollar as the unit of value. This bill
was therefore simply re-enactment put
forward to make people believe some
thing new and wise was being done.
When Mr.. Bailey referred to the in
creased production of gold, Mr.. Dalzell
interrupted to ask if in view of this in
creased supply of gold Mr.. Bailey still
believed in silver at l6 to l. The Texan
responded emphatically in the affirma
tive, amid Democratic applause. The
Democratic side simply asked sufti
cheney of basic money. and if this was
supplied by either gold or silver, ther
instead of refuting the Democratic
position it simply confirmed it.
Mr.. Bailey declared that the logica
outcome of tbis bill would be to take the
millions of silver impounded in the
treasury into the open market and sell
it, as Germany had done. If the sup
porters of the measure were honest anC
OOhoASOO'iG UlSy WOulu Uuuo OlOl OhO Sli
yer for sale now, as that would be the
inevitable fate OF silver now under thi!
bill. He compared the appreciation oi
gold values and the corresponding de
probation of cotton and wheat.
Mr.. Bailey closed his speech with 9
stirring tribute to the time honored ant
undying Democratic organization, which
evoked applause from the Democratic
side.
At the evening session Mr.. Claytor
Dem., N. " announced his intention
TO vote for the financial bill. In re
sponse to unfavorable references which
had been made to gold Democrats, Mr.
Clayton said there were many of tina
belief in New York and the number
was growing constantly. Others who
spoke for the bill were Messrs. Sullo
way IN. H. Bingham Pa ,Mudd md.
and Minor WIS.,.
Those who spoke against the bill were
Robinson (Neb.), Thomas IN. o.
Lloyd (Mo.), Snodgrass (Tenn.) }, Ruckel
(Mo.), Robb (Mo), Davenport Pa
Lamb (Va.), Caldwell Qlls.), Stephens
(Tex.), Gordon (O.) and Neville (Neb.)