Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-06-13
SUTHERLAND'S COINAGE SPEECH.
Address Of Uas Congressman Upon the Hill Bill 10 Authorize
The Coinage OF Treasury Silver Dollars Into
Small Change.

the bill can have no practical opera
ton or use whatever Why should We
do thisY Why tie our hands 80 many
years In advance OF any necessity Tor
o. doing? Sufficient unto the day Is
the evil thereof"
In Dix years from now. or 10 years
from now. when the silver bullion shall
be exhausted and more subsidiary coin
shall be called for II may be exceed
lngly upwlse to provide for the recoln-
are Of Ne allccf dollars FOR this pur-
pose. II may at that time be per
fecly clear that the wise and sensible
....... ~, ~ la 20 purchase additional
silver for this purpose and leave the
existing issue OF silver dollars Intact.
Let US cross that bridge when we get
to It.
am opposed TO a declaration Of this
kind so long In advance Of any prac-
focal necessity for H. because II Is an
unnecessary blow at one Of the great
and thriving industries OF this coun-
try. We are producing In the United
States about One.thlrd OF all the sill
yer OF the world Il Is a legitimate
Industry. II is as much entitled TO
the fostering care OF the Republican
party, II that care can be extended
without injury to the country or to
other interests, as any Industry in the
United States
The value Of silver has already de-
clined TO such an extent that many OF
the mines IN the Rocky mountain re-
glon have been forced to close down, I,
Why should we stu further discourage /
Il by this declaration. which must be |
conceived by everybody to be entirely |
unnecessary now, whatever may be the |
fact as TO the necessity Of II some tine
In the future2 n YOU pass this bill |
containing this provision It Is equiya-
lent 10 declaration to the silver pro-
ducers Of the country that the mar
ket for coinage purposes In the United
States IL forever closed 70 them and
TO that extent II Is a encouragement
10 the Industry II is a slap at an In
duslry that Is wholly gratultous and
Unnecessary and AZ such ! enter my
most earnest protest against II.
Mr.. Chairman. there Is too much OF a
disposition among gentlemen who are
learned, or think they are learned, upon
financial questions to insist that UNI
less their peculiar views prevail ruin
viii result The advocates OF this bill
seem 70 consider II necessary 10 get
rid OF CUT i've hundred and odd millions
Of silver dollars, They declare that
they want only the best money.
The danger arising from the exist
ence OF too much poor money Is not
avoided by q provision which viii re-
suit IN the existence OF too little good
money The evils OF indation aud CON
traction OF the currency lie at opposite
poles Of the financial system, hut both
are equally bad. There Is such thing
N athletics as entertaining. no that a
nan In ende8yOring to get fid OF his
surplus flesh Oyerdoes the business and
sets rid OF his muscle as we'll Let VI
De careful that We do not make mis-
AXE offan analogous character In
nance.
What Is the matter with the silver
lollar anyway Is business unsettled q
because OF its existence? Is there any
LANCER OF panic? Is there any men
zee 70 the stability OF our trade and
commerce because " the existence OF \
he silver dollar? Are the people clam !
ring for It's retirement2 .tIfHtl q
Business Is good. The laboring man !
; employed at remunerative wages. !
he mills and factories are I'm opera &
ION from one end OF the country 10
he other Peace and plenty are abroad
n the land, We hear great deal
bout leaving wen enough alone. Why
Tot leave well enough alone on the
money question: Gentlemen complain ,
hat the silver dollar does not clrcu.
ate The truth about II Is that both /
,old and silver circulate IN specie I'm {
he west but neither circulates east OF
he Mississippi river In the west we /
ave become accustomed 10 the silver :
ollar and the gold coin, and they are I
use everywhere In preference 10 their v
'aper substitutes But / will venture 4
0 say that there Is not q man I'm this {
ouse who has seen any kind OF a gold I
ON since Congress has been In session
md nobody grows delrlons about that
The gentleman from Iowa mn SMITH
raws his salary from the sergeant. I
t-arlns In gold certificates with the nj. Il
most calmness The gold lies month
fter month In the treasury and there
: no Mysteries The silver dollar obeys
xactly the same law, ana at once the
liability Of our financial system Ia
II the provision for the conversion OF 7
liver dollars into subsidiary coins
han be stricken from the bill. | shall
~ glad TO vote FOR It's remaining pro. =
lsons, but II not | shall feel con.
trained, much as | shall regret the :
ecessity OF differing with my friends u
pom this side OF the chamber, 10 cast 7
ny vote against the entire bill.