Show HOW NOW discussing FREE H bland and harter in hot contest A FIRE IN THE CLOAK BOOM ROOM I 1 of the house destroys about of P property between the afternoon and event evening ng sessions IN T march 22 after disposing of routine business the senate lookup took up the calendar e ro rose roe e to a personal explanation and S stated c d that ho he had read a newspaper report of an interview with judge woods in which L the latter of turpie as a hypocrite zip rite he lie turpie having borne himself toward the in judge a as a personal 1 e r s 0 it a I 1 friend turpie denied that t bat ie he ie ever had li a d social or personal 1 relations rela tiong with woods and denied rr further ur t h collat that hat he had congratulated woods on op ohp supreme court upholding the decision I 0 of f the Tally shot case 1 the T O bill to improve I prove the navigation of the lie t MISS 1381 I 1 river was taken tak up p as a special c I 1 al order 0 deg tj alie ie committee ci amendments reducing uin the I 1 total appropriations from sixteen to fifteen millions mi IW p I 1 ton reducing annual expenditure from 3 to reducing the amount fixed for that part of the river from the mouth of illinois to the mouth th of ohio from six to five millions and i i n buthe the annual expenditure there from two to one million were all agreed to afterward erwa on ma motion oil 0 son the tie total tota appropriation copria ton was increased from 15 lo 10 07 1 I the amend ment was agre to t 0 assigning ni 1 ng of the total amount to t athe the improvement in ro of the river river between the tile mouth mout of illinois and alid bt st paul minn of which not riot more thon are to be expended in any one vear year the bill passed haq ed 48 4 8 to 5 T the e adolphs 0 I 1 I 1 hs bill appropriating to secure tte the early comp completion ebion of the canal and locks at the cascade cascades columbia river passed 46 to 4 Stitch ells bill appropriating for boat railway and necessary marine apparatus aratus and appliances at delles and slid celilo cecilo la falls I 1 Is and ten mile rapids on columbia nver river and improvement of three mile rapids passed 38 to 8 adjourned HOUSE I 1 WASHING li march a ach T 22 I 1 the silver debate opened TOxin n t the ie I 1 house louse and from the indications it will be a battle of giants chairman bland of the committee on oil coin nee w weights abts and measures in favor of the bill 1 opened opened the di discussion s on sq oil in fix behalf of free coinage williams of massachusetts an anti iree cainia coinage e D democrat macrat made the opening spee speech ch F in opposition guition the air is is fi filled ed with rumors 0 of filibustering designs on the part of the anti free coinage people but if suell bucl designs exist the they y are evidently nomo be carried into execution until after the three days dayal debate I 1 the galleries were crowded when w hen at 1220 12 20 I 1 the tile b bill was w as called up under the resolution of the committee on oil rules tracey of new york raised the point of onier order against the bill n bein being in the house holding that as t the ie preparation of coin notes by the treasury for r the exchange of bullion involved alv expenditure expenditure by the treas treasury ury the bill is should hou be e considered in fit committee of the w le speaker held that aa agthe the bill wynot erfle did d not diate keatly any specific specific appropriation it should not be considered consi bretl in committees commit of the whole it was agreed that evening sessions should be held today to day and tomor to mor row this bill said bland in opening the discussion proposes to go fo back a hundred years in the matter of coinage it Itis is just justa a tears hundred I 1 years ago that the wise wi to founders of this government adopted the double standard they provided for the coinage co ill of gold alid silver ver without limit lim it at a t the t ire e mints of the united states that silver should be coined the same as gold should have the barne advantage and the amo same recognition that the silver dollars should consist of grain grains of salv silver er precisely preci 1 I as the dollar of silver called for in this tills bill b sai itus tills bill provides gold and silver shall be coined at a ratio fixed by act 37 called the ratio of 10 to 1 or more exactly 16 1598 08 to 1 the bill provides aes that gold and silver shall be equal equa at the mints applause in order that this equality should be b preserved it I 1 is necessary that silver should gre be preserved it is is necessary that silver should be put on the same plane in ill regard to the issue of certificates at the mints as gold bland here sent to the clerk clerks desk a le letter from the directors of the mint stating that the cost of coining silver silv er would be about cents and a half per dollar that could be coined every year continuing bland stated that while the bill placed gold and silver on an equality in in the matter of issue of coin notes in their deposit at the mints it ft also maintained the equality by providing that when v lien oin coin not notes shou r d be presented for redemption nd emption the government should be free to redeem them in either gold or silver as it might prefer thus coin notes issued on deposit of gold bullion might inight be redeemed in ill silver or coin notes issued on oil deposit of silver y they might be redeemed in ill gold as the treasury treasury might inight prefer in the ourse course of his argument bland that he would propose a late amendment to that portion 0 of f tr the le bill providing brov iding that coin notes shall bo be Is irined nied as rapidly as the bullion is deposited he lie would move at the tile proper time to amend by providing that coin notes shall be issued as rapidly as the mint found it practicable to coin coln bullion in arguing i for a greater volume of money araug bland lland said I 1 he ie would admit that the refined system of credits which had grown grow n up in thia this country does to a certain extent extel t economize the use of money but in the end a day of payment ment of these obligations always came cattle ihen then wo we must have money in ISSI 1881 when wo we passed the bill for the refunding of the national debt the national bank banks of the united states surrendered into the national treasury as a threat made for the purpose of inducing a veto from front the president the threat effected lie its purpose 11 0 e and the result of this withdrawal of OF from froin circulation was to put the interest up in ill new york at the rafe rate of one cent a day otea notes and bonds are not money they are conveniences the whole fight over this issue is beaw between can the capitalists its w ho demand interest and the t a people who demand money instead of interest int ereLt great applause i bland IJ declared the action of the government of the united states on oil the ill silver I 1 ver question has been an invitation to europe to go upon 0 n the gold standard we began silver uge in ill 1873 and in all our 0 u r efforts el 0 arts to restore silveree silv silver erwe we have been defeated d e f e td by b limitations when the free coinage coins bill ai passed the house iloni e in 1878 by a tw two ne thirds majority and went to the tile senate the same idea of ot international agreement wai injected I into the question and illeane meanwhile line we provided for fox the purchase of froin two to four million millions of silver monthly and its friends proclaimed it was done in in the he interest ot silver in the interest of silver he lie opposed that bill he said the gentlemen were deceiving themselves and the country and silver milver could not bob bo brought r 0 u g ailt 0 o 0 par ar I 1 in any such manner tho i ll 11 of I 1 compelled ci ate the coinage and use of the silver liver dollar the law of last congress used t bullion for what w hat As mere dead capital in fit the treasury which might as well be at the tile bottom botto bof of the potomac wat was the united states to be frightened by the action of other nations because t they ile y were ere de silver and going goin to the foi cold 0 id standard must the united baates e s follow ow euitt suit tula this silver question would not down because it wai was one the american people lie well understood in ill conclusion bland said J 1 appeal to the gentlemen on the floor to I 1 I 1 1 I 1 ig lay rt aside aide eve every idea of par part r exigency g e eye every idea dp but t that which fa 18 right 1 and n 1 j just taj and cast their votes according to the dictates of their consciences and t the e pledges they made to the great productive masses of thia this country if they do the bill is safe the cause is won JAp JAp at the conclusion of blands speech taylor of Il linoa linos claimed the right to 0 open the tile debate in opposition as representing the only party opposed to free coinage williams was however how ever accorded the tile privilege ba by the tile because I 1 he lie had present presented e the views of the minority in concluding conc concluding ludin williams presented a substitute bi bill yo of f the minority providing widing pr for an international nione monetary tary conference I 1 of ohio a democrat also poke in opposition to the bill insisting that tile bland bill instead of increasing the volume of money in circulation would result in fit an actual decrease th through gh depression continuing harter said since 1873 we have minted 72 in gold or an a average 0 of f over forte forty millions per year ear arera under th the e bland bill till this could cease and free coinage would drive e out our gold gola and leave what remained in in merchandise such as wheat corn and cotton are unlimited unlimited coinage of gold and silver on a ratio of sixteen to one ft would drive e out gold because it would undervalue it gold sells in III all parts of the world for 2286 22 80 times its weight in ill silver and if under free coinage we w e only gg give it tal value e of 10 all human experience I 1 show I 1 i 0 s w we would oid I 1 have baye no gold in circulation thia this bill is not free coinage it is pure purely 11 and simply a bill to compel the 0 people 0 of the united states to buy tile lie entire 1 etim product of the most prosperous and nourishing interest small in the tile number of its ishille mem members ers but very rich in dollars at a I 1 rico which gives them on the tile cost of pro kation anco action a protective tariff or bounty of over per cent not content with thia this enormous burden which the bill places on the over sixty three millions of our people in no way interested as owners of silver mines it proposes to make us virtual purchasers cfall silver produced in the wo world dand and at cents per ounce while much of it costs not riot over ov er thirty seven tw en cents per er ounce anda and a great deal of it after deducting ducting deducting Ne profits on the lead products not over five to twenty centa cents an kunoe I 1 submit that an equally mad proposition never secured a assent sent of any legislative body in III the world and if it passed this house now that its provisions are laid bare it will be a record which will come back to plague and shame its members down to the tile hour they go into their cof coffins tins but for this discussion wo we would be getting 1 I fro from III burcope fifteen or twenty millions osgold of gold a i month ont instead of this alarmed and excited europe isser is sending iding back our stocks and securities by tha ream her iler purchasers of the past quarter of century are coming back by every steamer titer and instead of gold reaching our shores it pours out and away through every channel continue this wild craze for free silver and fair crops in europe I 1 drope next year will bankrupt the united states let us counsel and compel wise and prudent pruden action now and those who come after ua will kralf e our wi wisdom don and bless our memories neglect this tills opportunity and the names of those votes fasten ruin on our land will rot It avnor maryland also a democrat said tile mine owners owne iwho who were to be given eighteen millions a ear mo more profit than were w ere now being ina made aj cou could id w well es afford to inundate congress with whole libraries of literature and employ a host of hobbyists to advance adv ance and promote the scheme when mi mints ailts were opened and seventy cen cents ts could be coined into a government dollar would the people get any of it no every hv cry dollars lar profit would aig go deep down into the f pockets ar of or the nevada e d a and colorado mill leonaire lio leonaire lio tracy new york at this point announced the election of Q mills as united states senator fec from texas the anti free coinage men inen were particularly enthusiastic thusia in fit applause as they regard I 1 mills kf als as opposed to the ilie bland bill abner taylor illinois then took the floor and 61 onerea an amendment t that h at a all 11 pensions be taid paid ill in gold speaking to the el bill I 1 1 he lie said paid he e represented the only party opposed to t this measure the republican party 1 ty he lie admired the Ile Ite publican party ea for r the facility with which w aich it got on oil both sides of the question when the bill reached the senate and was up for a vote the tile Fent gentleman leman who would probably be nominated in chicago hill would corieen conveniently be in the cloak room or out on an excursion Laur laughter liter then the benl democratic 0 party aou would d straddle the quest question I 1 0 11 the ge gentleman eitleman from missouri would tell his people he lie waa was for free coinage and ins his nl culup friend froin from wil williams I 1 iams would tell his people he was a against fit ast it it buch such was the facility with wn winch ch the democratic party got ot on both aides sides of the question this bifi bill would enable the tile wealthy class to pay pa laborers seventy cents worth of silver for a dollars worth of toil the majority report showed conclusively the purpose of the tile framers of the bill was to place this country oa a silver basis and let it baand side aide by b side with india mexico and china II illinois said the of silver silver would benefit only two classes the rich silver mine owners bullion holders and speculator speculators during the last congress it was demonstrated that a syndicate of the these thee e mine owner owners established a literary bureau in fit washington and sought tu to create a Penti sentiment ment in favor of silver one of their stock arguments was that more money was needed for business and 0 owing n I 1 0 to O p poor crops this thi 3 a argument r u m ent fi found d reaf ready at attention in thew the west J he had ad taken pains to analyze it in 1 we h had ad fifteen dollars per capita money mone and every one would admit that w was a prosperous business year binca then there ere has been a great increase in the circulate circulating ig medium until we had more money per capita than 1 angland ngi and rich as it was france was pointed to as a country countr with more money per capita capit but france had no bunking banking fa r cili 11 iticia tien as ours sours We W e should take hei of tile experience of the argentine republic protested rot icard against the bill as a bards hardship to 0 t the laboring inan antl and also to soldiers and on the tile pension list compton maryland offered an all amendment to the bill to restrict the tile free coinage of silver to that produced in fit the 1111 mines ties of the united states eieg virginia supported the bill he ile asserted that there had been a long series of oppressive financial aitu acts of which the worst was the tile of silver at the instance of foreign lioney a lenders and avid american millionaires these men were crushing crashing the life out of the rank and file of the country crawford craw ford north |