The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-12
FOR THE GOLD STANDARD.
REpuBLIcANs THROW OFF "INTEH-
NATIONAL CONSENT" MARK.
Those who Advocated IL In the Lnst
Election Now Uncover the FUR
poses of Three Years Ago.

Election NOW uncover shc h"N
poses of Three Years Ago.
Washington December 1.-The feature OF
the oponinr day Of the debate on the cur
rency hill In the house was the speech OF
MIR. Dolliyer Qowal, 1t was characterized by
ali Tho ,yit and ciooucnce for which the iowan
a. noted. Mr. DoliiNer declared that tho
last doubt in the republican party as TO the
wisdom of onaotlng the gold standard into
law had been resolved Ivy the experience
of tho business world during the past three
wears ue scored MIR Bryan and generally
ridiculcd the alleged false prophecies of the
democrats in 1896. Mr.. De Armond OF MIS-
souri, Was the heavy gun on the democratic
side lie warned the republicans from tue
west that they could not deceive their con-
stiuents In tho coming conIressioha' o'ou-
ton by claiming that they had yielded to
the wisdom of their colleagues IN caucus
Mr. oycrstreot and(. opened tho debate IN
support of the bill and MIR. Maddox tna'''
replied to him. MIR Mcclellan, On. W, the
only other speaker today, opposed the Dill
There was only n fair attendance in the
gallnrics OF the house to witness the opening
of the debate on the currency bill linmc-
aiately after the reading of the Journal the
house, under the special order, went INTO
committee OF the whole MI. Hepburn tlsWhl
In tho chair and entered upon the conaluola-
ton OF tina bill, Mr.. Overstroet, tlhd'r VINO
Is to be IN charge OF the measure On tne
floor. opened the general debate Win @ SCI
sncech In the course OF his speech MI. over
street was interrupted and asked II tue nl'l
would not result in contrasting the currency
to the ex,ont of siSa.ooO,VVo IN s'lFef I'M
lit would rot" replied he "heeause for
every silver dollar whlt goes into the treas
urv a gold dollar Will 20 out into circula-
| tion tRepubiic1n applause
| In concusion Mr. oserstrec, said. THE
advocates OF currency reform nrm'y declare
that the financial operations OF the severn
meut are upon the gold standard, nut tha'
| tho honest fears cngenGered by doubtful leg
isatiou relative to SILVER coinage ana tne
persistent attack upon the standard OF value.
! fully Justify the legislation asked. To frmy
nx gold as the standard of value. the uDe-
ouivocal terms made fully operative by al
proper safeguards iB the central idea oil th'
law proposed 1t Is confidently believed bs
the neoplc. While the question Is economic
and should be separated from partisan debate
yet tho republican party vii! not attempt
| 10 escape from responsibility for the iceis
lntion, believing that It is q wise course, snft
for the people and in perfect harmony Will
the institutions OF tho eountry.p ~ 49,.
Mr.. Maddox tDenl., CAL was the hru'
speaker in opposition to the BIZ Referring
! to former Speaker Reeds New York speech
advising the immediate enactment OF gold
| standard
the government got away from the Iepub-
| lean party no said, The faithful under
stand that this legislation must be enacted ~
once or not NJ all" The enactment OF gold
stands,rd legislation, he declared had never
been an Issue before the people II gold was
luow tho "cN sting standard az contcndPd
1t was so by tho unlawful uanfphuoh Oh IN, rne
executive officers NJ the government. Tht
ltrcasury under the bill he predicted. would
lbo relieved. Tho bill would convert oFery
lobligntton OF the treasury into gold OBJ
1 md
sell millions Of gold TO The amount OF y
per cent OF all the ontstanding notes OF whnN
ever character, IT, argued mat under th'
hin banks with 81 10000 capital, now rN'
auired 10 deposit bonds equal tc a third %
thoir capital ia the treasury were REQUIRE,
to deposit only slp0Oo in bonds enabling th eg,nR
to contract or expand the currency at WIZ
He then nssnilcd republican advocates OF tn'
gold standard for apostasy ana particular,
attacked Mcssrs, Hepburn dowal, ,DlnHle!
(Mel and Grosvenor tOhol, who he Raln
Iodyonatnd silver coinage by internptlonh
agreement In 1897. Mr.. Maddox summed VI
his argument by declaring the measure TO ~
a bill designed 10 legalize the authorit'
usurpod by tho secretary OF the treasury q
put the country on a gold basis, to domonetik
one-half the final money OF redemption, .
alter the obligations OF the people wlthou
their consent into gold obligations, 10 con
tract the currency at the will of the bank
and to create gigantic bank trust ior IN
lbonoft OF few thousand people.
Mr. Doliiver Uowa), the next speaker. sa
this was a bill to set at rest all doubt as !
the standard in this country ~ shoain -
presented to the business men OF the conntr
as a Christmas gift. lie tDolilVerl dlu no
want his record and past folles to be brongn
up against him. He had voted for The sher
Imam act in 1890, an act when ne now It
I%araed as a piece OF unutterable stupidity
LIN 1898, when the act came 10 DO Iepehleu
Nr. Dolivor SAID he was very much per
plexed He saw Senator sherman Que even
ling sitting outside his house like Abraham
outside his tent. Don't trouble yourse,
about the failure OF your predictions regnrn
ling sllyer" said the senator, every proph.s
made about IL has turned out exactly th
opposite" iLaughterl ,., AZ,
lust as yours will now inierJected MI
cov 1TennI amid renewed laughter
! Contlnuing. Mr.. Dolliver said he believe
, that Inc result OF the campaign OF lSgo Sc.
, led the silver issue In 1895 the cry
Bryan. he said vas Tor more ,r , "a ~
: was scarce. 1t was boarded. the day aiee
the election II came out from Us hldlng' ~,
Are YOU wiling now" interrupted NJ
sims tTenn) that the mints shouln DC openff
. to silver u an international agreement pO''
/, De .So '' siri' replied Mr.. .Doliver y hay
2 bad my last whirl with silver | nave pee
. bunbupsed for the last time"
{ Mr.. Doliiyer said that the cry mad pee
: for more money, In three years OF repue
lean administration 500, O0o.co had been 80
ded 10 the volume OF tue cud nIend nv nh N
&. hints In ten years II the mints had pee
: nnened to silver "In other words, SAL
Q he I'VE have done Tor you 20 ,%ec y you,
d selves. Why don't you get out oil the ros
It and let the main procession ino's VI" .
C daughter and applaussl
o Mt Doilver recalled Mr., Bryan'ss prophes
: that the gold standard could not be ena asar
a without a universal fail OF prices' ~ tnnr
G a man in this chamber" he asked, who WI
n rise in his place and say that Mr. Brya
+ knew what he was talking about MI na i po'
g liver paused reiterated his question ana the
e ies,,med lit Is then confessed that In
n duestion which goes to the heart OF the cor
. troyersy Mr.. Bryan lacked wisdom n.han ~ y
a s;e,Ion that wages would fall and men woul
il b be- tbrown out Of employment, Yet At q
j. end Of three years OF republican admlnistri
! lion under the gold standard there was n
y m Industrious man In tho country withol
10 Employment Those three years, said he. ia
resolved the last fears OF the republicans
n to the wisdom Of enacting gold iegislauoi,
i. II don't wish 4 understood. SAID he 10 ID