The Washington times., 1902-05-29
Democrats Scent Danger
in Making Over Into
Smaller Money.
Mr.. HILL EXPLAINS MEASURE
Says There Is More to Be Feared From
Flood of Gold Than Subsidiary
Coinage of Bill Harmless,
He Declares.

The House spent the entire session
yesterday listening to a fruitless dis
cussion OF the financial question. baset
upon the bill to coin the silver bullior
in the Treasury into subsidiary coin
age. 1t further provides that the Sec
retary of the Treasury may, in case the
necessities of business require it. also
coin the standard silver dollars in the
Treasury into subsidiary coinage.
This latter proposition is vigorously
by few Republicans from silver States
An amendment pending when the
House adjourned was offered by Mr.
Newlands Dem. New to make the
subsidiary coinage authorized by the bill
a full legal tender for ali debts, public
and private.
Little Interest Manifested.
The House did not manifest great in
terest in the bill, and several times dur
ing the discussion Representative Coch-
ran tDem.. MOI, who led the opposition
TO the measure. raised the point Of order
that no quorum was present. and the
summon absentees from committee
rooms and count quorum.
After disposing OF a small amount of
routine business the rule to make the
subsidiary coinage measure a special or
der was taken up. Mr. Shafroth tDem..
COLI demanded the yeas and rays, and
the resolution was adopted, 81 to 80.
practically a party vote.
Mr.. Hill (Rep., Conn.,. in charge OF
the bill, explained the measure at con-
siderable length. and made reply to
Representative Shafroth tDem., COLI,
who attacked the bill while discussing
the rule to make the measure a special
order on Tuesday.
He said that 1t had nothing to do with
the exchangeability or redemption of
silver dollars as contained in the Fowler
currency bill - an entirely differen!
measure. 1t related entirely to the sub
ject of subsidiary coinage and was. he
said. so innocent that the minority had
not seen fit to oppose it in their re-
port.
Danger From Gold Flood.
During the course of his argument Mr..
Hill said there was more danger to the
United States and the world from an in
fation by food of gold than from a
scarcity Of silver.
Mr.. Cochran wanted to know whom
such an initiation would hurt.
question at this time
Mr.. Hill, in reply to questions by Mr..
Shaf~oth and Mr. Shallenberger. said
silver dollars were exchanged for gold
every day by the Treasury. Mr. Shat
roth contradicted this statement.
The Greatest Trust.
The bill was opposed by Mr.. Bell
(Dem, COLI, who asserted that its pas
sage would fasten upon the people by
legislative process and authority the
greatest trust the world had ever seen. |
Mr.. Shallenberger (Dem., Neb.), follow
ing. said this bill was the sharp end Of |
the wedge. by which those having charge |
Of the legislation of the House hoped to |
lrive through the whole monopolistic |
scheme OF money reform of the Fowler |
bill. If the bill were passed, he said. |
here would have been accomplished in
directly what had heretofore been inn
possible OF accomplishment directly. that
IS. the payment OF silver money in gold.
The passage of the bill was further
opposed by Mcssrs. Gaines tDem.,
Tenn). Newlands (Dem., New. and |
iriggs Dem, Ga.), this concluding gen.
sral debate
Under the FIVE minute rule, Mr.. Smith |
Rep. Iowa. stated that the bullion In
he Treasury would make si7 ,O63, 900 in
Continued on Seventh Page)