The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1900-02-22
Passage of the Gold Bill.

considerably larger, IN proportion
tos the number of members in that
body, than was the one it had in the
House. The House passed the bill
on December IS by vote of 100 to
$50, or by a majority of 40. The
vote by which the Senate substitute
Senate was 46 to %, or by a majority
of IT. In each case the bill received
come Democratic votes. Eleven
Democrats aligned themselves with
the Republicans in the House in its
favor. Two Democrats in the Senate
Gallery of Louisiana and Lindsay Of
Kentucky-voted for the measure
All the Republicans in the House,
however, were recorded in favor OF
nominally a Republican Chandler
of New Hampshire-voted against
the measure. Among the Republicans
who voted for the gold standard was
Senator Wolcott of Colorado, who is
one of the representatives Of state
which had virtually only one party in
1896, nearly all its voters casting
their ballots for Bryan.
In their leading feature the House
and the Senate bills are practically
the same. Both aim to put the gold
standard in the statute books SO firm
ly that it could not be removed ex-
cept by the concurrent action of a
base money President and of the two
branches of Congress. Both meas
ures provide for the redemption of
the governments currency specifically
in gold, and not either in gold or
silver, at the option Of the Secretary
of the Treasury. Several minor fea-
lures are in the Senate bill which are
not in the House measure. One of
these provides for the refunding of
certain classes of bonds at lower
rates of interest in longtime Sc
curities. The other stipulatea that
the act els not intended to place any
obstacles in the way of the accom-
plishment of international bimetal-
ism, provided the same can be Sc
cured by concurrent action Of the
leading nations Of the world, and at
ratio which shall insure perma
hence Of relative value between gold
and silver" The refunding feature
of the Senate bill is opposed by
several prominent Republican papers,
but it has a chance of acceptance in
the conference committee to which
the two bills will be presented.
There is a strong probability, on
the other hand, that the Senate's
bimetallic provision will be rejected
by the conferees. Every Republican
paper of standing and ability in the
country has opposed his provision Tt
received a large majority in the
Senate, it is true, but the House viii
undoubtedly make p powerful fight
against it, and is likely to win. It is
understood, too. that the President is
opposed to the bimetallic de1iverance.
The concession to the silverities will
gain no votes for the Republicans
from the 45c dollar side, while it is
calculated to offend many gold
standard men. OF course the pro-
vision, if it is retained, will not en-
danger the stability of the gold
standard. The concurrent action of
the leading commercial nations of
ton of the double standard, which
this provision mentions, will never be
obtained, and not half dozen of the
Senators who voted for it ever expect
this. There the expression is useless,
and ought to have been omitted in the
Senate In its principal feature,
however, the Senate bill is a wise
measure. There will be a sharp
contest in the conference committee,
and the bimetallic stipulation will
probably be out of the measure when
it goes to the President, but whether
it is in or out the act will make a
distinctive advance On the present
coinage and currency laws, and will
strengthen the Republican party's
hold upon the country - Globe
Democrat.