The times., 1899-12-12


law TODAY. il the law were cbeyed. the
grcenbaaks could be withdrawn for coin
and sent cut in the channels Of trade 10
increase the circulation.
REGARDING the dealing with silver. he
said that under the operations Of the bill,
he pr0phesiPd inside of five years every
bit Of silver except subsidiary coin would
be couisa5ted and sent 10 the junk shop
Tna national bank provisions. in his opin-
ion would result IN a further contraction
az the currency. There was only one way
in the measure. he said. by which the
currency cCgld be increased and that de-
pended uI1n The willingness of the bankers
10 take the additional circulation author
lied u was not proposed TO require them
TO take it 0uj but they might reduce the
circulation by decreasing the deposit of
bonds The bin would in his opinion,
bring about q contraction of currency.
Nr Maddox was interrupted by Repre-
sentative William Alden Smith u Michi-
gan. who asked il that statement had not
been made by Democratic speakers in the
campaign q 1886 and proved false.
AIr Maddox reTorted thar possibly he
had made thar statement but if not, would
make it now
Mr. Smith-Do you deny that our cur
renry OF all kinds. geld. silver and paper,
bss increased within the past three and
haIf years2
2
port of the Secretary OF the Treasury
says SO.
When BerubIicsns Protested.
Continuing. Mr. Maddox said that in the
closing hours OF the Fifty-fourth Congress,
after The campaign cf 1896 had resulted in
Republican success. bill came 10 the
House from the Senate for the appointment
CT a commission 10 so TO Europe TO secure
International bimetallizm. In the consid-
Grafton Of that measure Mr.. Quigg OF New
York Interpreted the 81. Louis platform
10 mean the adoption of the gold standard.
Against this Interpretation, Mr. Maddox
said. hundred Republican members OF the
House protested Including such men as
Representatives Dingley of Maine and
GrCsveuOr Of Ohio. and Hepburn Of Iowa,
the latter Of whom asserted that any Re
publican who held the views expressed
by QuiEg was an apostate from his party.
Ana yet YOU come in here. and pretend to
be authorized and justified in fastening the
gold standard upon the country
The success CT the bimetallic commission
In Europe. Mr. Maddox continued was
frustrated by the intermeddling Of Cabinet
officers Of the present Administration.
You have not addressing the Republi-
cans. been honest and sincere in your
Efforts to carry out the pledges made to the
people IL the St Louis platform Zap
plause.
IN support Of these assertions Mr.. Mad
doX had read the remarks OF the Represen-
1stives named on the occasion referred TO,
and Senator WolcOtt's speech in the Sen
ate reviewing Secretary Cages action.
While that commission, acting under
your authorization, and in pursuance to
your pledges TO the people was endeavoring
10 secure bimetallism in Europe il was
being undermined here at home by Cab
met officers Of this Administration"
Mr Maddox read what purpOrted to be
an expression of Mr.. Lincoln's regarding
the corruption that ensued and existed be-
cause OF the prevalence OF corporation in
huence and power, producing a condition
that caused him 10 look with apprehension
upon the future Of his country.
Mr. Dolliyer called attention 10 the fact
that Mr. Lincoln's biographers had more
than once publicly stated that the para
graph was not his.
4 viii admit" answered Mr.. Maddox.
that he did not say it. But" with en-
phasis. 1t is true. and he could have given
no utterance OF more importance. And
jeremiah himself could not have prophe-
sled with more comprehensive exactness.
as is demonstrated by the appearance Of
ibis bill here today" LApplausel
SIR. DoIIiver TaI1es the Floor.
Representative DolIiver OF Iowa followed
Representative Maddox Picking up a
book Mr.. Dolliver said he held in his hand
copy OF The First Battle" a book which
was printed about three and a half years
ago, and selling at $3.50 a volume. netted
the author about $40, 600. Il could not get
copy then" said 81. Dolliver, but re-
Gently caught up With one in a second
hand store and got IL for % cents. Laugh
people Of the United States in the book and
the author IS indicative OF the decline OF
the public interest in the discussion Of the
question with which he is identified
Regarding the currency bill itself Mr.
DOlliVer said that in his opinion it was
comprehensive enough for the time. and he
would be delighted If Congress could give
ii 10 the business men Of America for a
Christmas gift IApplause.l The country
mad been upon the gold standard since
1881 II that were the case asked the gen
1lemau from Georgia tIr. Maddox, why
was 10 necessary to declare il in law Il
was because, said Mr. Dolliver. that some
OF The fellows on your side h1ve not heard
OF r. LLaughterl
BIT D0illTer notified the Democrats that
iu discussing the question he did not pro
p9ze 70 BE- embarrassed by quotations from
his former speeches en- the financial ques-
tCn- lie admitted that he had taken part
in The consideration Cf the silver question
iu CoEerzzs from 1883 10 the present time,
beginning with a vote for the Sherman
bullion purchase law Of 1880 which he
frsaHiy conceded. he said, TO have been one
OF Incou-eiTable stupidity. And everything
that had been done in the fancied interest
ard b-ssf 0f silver had been done by the
Repub.ilel party. Mr DOliyer said that
be was so worried about the results Of some
o. t1e acts done for silver that be felt
Ike res guing. One day he saw Senator
sherman. whose words had Influenced his
vote ln these matters end couiided his
doubts and fears. Mr. Sherman said in that
kindly maur-T always indicating the great
soul, thar he would not Torry about that.
that every prediction be had made regard
Ing silver ia the past twenty-five years had
turned out exactly contrary 10 that which
Ls had expected
Reviewing tk= legislation on the subject.
III Doi.rsT said that in The light Of sub
eeqEer. E- FelCpmcnts the act OF 1873 was
piece Ol tar-seelug statasmaushjp entirely
worthy Cf he administration OF President
Grant. and that II legislation had stopped
WIKI .La- much, il Tot ali, The dangers and
difficulties CT the financial situation since
R0uIl have bzen avoided He compared
the remedy for The evils existing in 1886
and previous years proposed by Mr.. Bryan
The free coinage cf silver, and that proposed
ly Major Mckinley from his yiucclad porch
at Car on. OHIO 10 open the mills and give
employment 90 the idle thousands at their
old rate Of wages and 20 pay them honest
dollars. The people voted 20 try the lat
Ter and iu the three and 0ne-half years
that had elapsed since the declaration was