Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-12-12

C.fl.IIl on me currency OIL III the ilouS'
v The speech Of Mr.. Deliver, Of Iowa.
II Yves characterized by all the wit and
,,osuenco for which the Iowan is noted
,ri ho.d tho members. without regard
go party. for over an hour
yfr Doniver declared that the last doubt
,a the Republican party as to the wisdom
81. sracting the gold standard into law
had been resolved by the experience Of
ts. business world during the past three
years.
SIR De Almond. of Missouri. was the
heavy gun on the Democratic side. He
warned the Republicans from the West
,st they could not deceive their con-
srusnts in the coming congressional
elections by claiming that they had yield
es 10 the wisdom OF their colleagues
u Congress.
ST. Overstreot, Of Indiana. opened the
debate in support of the bill, and Mr..
Maddox, OF Georgia. replied TO him. Mr..
Mcclellan, Of New York. was the only
other speaker to-day. He appealed to
those II his Democratic colleagues from
New York. who. it is reported, intend to
vote FOL the bill, not to do so.
OVERSTREET OPENS.
Mr.. Overstreets speech was an elabo-
rate defence and exposition Of the pro-
posed currency bill. He said, in conclu-
sion:
The advocates Of currency reform firm
" declare that the financial opera
lions Of the government are upon the
sold standard, bu. that the honest fears
engendered by doubtful legislation rela-
tive TO silver coinage. and the persistent
attack upon the standard of value. fully
,-stify the legislation asked. TO firmly
firmly iX gold as the standard OF value,
g. mequivocal terms, made fully opera
tive by all proper safeguards. IS the CEN
trl l,l of the law proposed. II is con-
ils-ty believed that the country de-
n-..s IL. and that our action will be
Iarl.l 10y the people. Democrats OF
courage and conviction have nobly dared
t) break from party lines and suffer. UNI
tnclrgly, the sting OF the party whip,
il an honest and patriotic effort TO up
bold The integrity OF the national credit,
t0 make secure the foundation of the vast
frl expanding business Of our people.
,le American yeomanry I'm the great
aer.cllfural fields OF the country are fully
awake 10 the Importance OF the subject.
and appreciate the wisdom of the leglsla-
t,n. Nearly all Of those who wavered
il 1896 corrected their error in 1899.
MADDOX AGAINST THE BILL.
Mr Maddox DemocraO. Of Georgia,
was the first speaker in opposition to the
Did, He said that il he had analysed the
! la D. al f...4
scented TO Congress in half a century
fraasht with so much importance to the
country. He referred 10 former Speaker
Reeds New York speech, in which he adj
Nsol tho immediate enactment of gold
standard legislation before some branch
OF ihe government got away from the Re-
publican party.
Ihe faithful" said he. understand
that this legislation must be enacted at
once or not ~ ALL"
Nr. Maddox then proceeded with a de-
tailed analysis OF the bill. enact
Ment OF gold standard legislation he de-
aared' had never been an issue before
Tho people II gold was now the exist
ing standard" he contouded II was 50
boy The unlawful usuruauon OF the Fxecn-
tive officers OF the government Facility
Tor IaI4ns the treasury under the bill
he said had never been hitherto orrsrlod
Treasury into gold obligation and
would compel the government 10 sen mil
lions Of gold bonds 10 the amount OF 2,
per cent OF all the outstanding notes of
whatever character.
POWER TO BANKS.
He argued that, under the bill banks
with 81 100000 capital, now required 10 de-
posit bonds equal TO third OF their CAPT.
tai in the Treasury were only required
Zoo deposit $4,000 in bonds, enabling the
banks. he declared. 10 contract or expand
Oh. currency at will.
lie took up the Republican platform of
l>5 TO show that every Republican who
l-W advocated the gold standard was
al, apostate He had read at the Clerks
ok the speeches of some OF the Repub-
--an leaders in 1891 declaring that the
I.rubncans were for international BIZ
r .'4ilism
At the conclusion Of Mr.. Maddox's re-
nfks. Air. Dolliyer, of Iowa, took the
f5or
DOLLIVER's REMARKS
There IS something about the pursuit
o. ihe science OF money" he said, that
Hat.es every one OF us students 10 COM
aeld his own ideas without being very
table toward the ideas Of others.
'Laashter) This was bin TO set at rest
N'4pl as 10 lie standard in this
country. IL should be presented 10 the
ness-men Of the country as a Christ
has GIT. Mr. D0lliyer said ne did not
SAINT his record and past follies 10 be
Fought up against him. He had voted
i'r DE sherman act in 1880. an act which
Ae now regarded as a piece Of unutterable
stupidity. In 1886. the cry Of BRYAN was.
4'r more money. Money WAS scarce. II
was boarded The day after the cleo
".n 10 came out from It's hiding places.
Arc you willing now" Interrupted Mr.
pms of Tennessee. that the minis should
opened 20 silver, n an internauonal
ment could be obtained?"
$50. sir" replied Mr.. Dolliyer. Il have
'a ny last whirl with silver. have
'h hlmbugged FOR the last time"
REFERENCE TO BRYAN.
Pr Doiiiyer recalled Mr. Bryan's pro-
hat the gold standard could
De enacted without universal fan
''es rs there a man in this cham.
be asked. who viii rise In his
D' ana say that Mr.. Bryan knew what
was iaiking about?'
ol Democrat rose. Mr.. Dolllver
eu' reiterated his question. and then
'iisu' II IL then confessed that ON