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_ J— Tie People prewes-t LltoAj., Mnrnniflc and nils- Job Printing promptly and in th, •ost etj ie» dn the fteoru: I’rtk*- Vol. XVI. BAHNWELL COURT HOUSE, S. C., AuoUst^4,1 893. Alliance Department. Adopted a* tlie County Or«an by the CbUft- t,- Atliunca J.ulyAth, 1ASU. t Al. J. I’ATK, Asaociatk EDirnn, To whom all Communioations"on Alliance Matter* tdtould be additseecd. Ofllreri. af Ike t'aaaty AllUaf*. H. H. Orim, President. J. C. Ml'.lea, Vice Pmd lent. , . v W. S. HhihIh*^, Secretary. A. K. Kree, Treasurer. CJ. 1). Kliiiml, Clmplain. T. 8. Weeks, County Lecturer. , J • W. A. All, Steward or Assistant U-rtutcr. W. T. Harley, l)«Kir Keeper. U. K. Harley, Aasiatant Uoor Keeper. IV. W. Itodtford. Servteant^at Arma.- F. II. Creech, Business Aiwnt. Kxeeutke Cnmuilttw—ci B. Free, W. W. Patrick, W. A. Fanst. Trade Committee—O. M. Hnntor.' F,. II Dowllus.JLM. L’liner. W. A. Ail \ Committee on f.ood «d the Or.ler—J. C. Me' MUlan, C. M. Rtle\jleld, W. T. Cave, J. K —JneUiM* E. B. (iuess. ~ OvfPttec Kite . ) ■ _ 'File annual meeting of tin* Georgia message means, if It means an Tilling, that after you shall have, totally demonettaed silver hy repealing this Hherruan act you will he HgtuHml to go fhtther lu the aame direction, and I inuke a predlettorrhere ami now, and, my friends, I want you to watch the proceedings of congress in Un-se coming weeks of t his e\tra session or mf the next its -It The Leader of nimeiaUism on the Sherman Law. quantities and thus It Is necessary to preserve It.'thongli l no necessity for praaarving it, for all our money U at a premium today—lets every body go there and get a* much gold aa he pleases! Why not pay out the silver when we have more of it than we have of gold, of pay out gold whan we have more of it tegular session to aee whttbef I au» right or * than silver, and thus protect ouraelvesf It AN EXHAUSTIVE ARGUMENT' He Say. the Tante I« a Mamtfscttired On*. What the Free Ci>in;i K e tif Silver ; ^ Meana-I>l«rii*nl<>n»rilif IT-op. er ltat|<»—A Uefliiitlon Of lllinetalllNin. In the great, silver hnltle now waging fn ! congress no speech has attracted more wide spread attention than the recent address of ; Representative Bland. He said: i.,!- .• .... 1 Mn. Spkakkh—I regret to be Called upon l^l rnnnllri | hr | qitestion .witlumt previous ., „ „ „ order Uor^gnfelng kn every county in i pwpgfiiaof^when „„ aifted 1,700 nieinbers , agreement to takg it up. I further regret. State Alliance was Ireld at Grlllln last week. Four hundred delegates were is because the administration 18 hostile to silver, ami thus it is surrendering this country to the shy locks of th* old world who hare made wacWpon it. What Free Coinage Meansi Wh*t docs free coinage of silver mean I It menus that the holders of silver bullkmi at some ratio to ite fixed in the bill, may go to the mints of the government and nave It struck Into the legal tender money of the country and deposit the dollars so Coined* If the holder so desires, and have a certificate Issued tp him in place of it. J What is the effect of unlimited coinage of silver in this country! I invlle your at tention to this particularly, because it Isa question of vital importance. It means - - , that the silver coins of the United States, of t h (■ i rTssi i7;iuT( V timt^wnw the-st and a ni„ ^ *t-whatcrcr ratio is fixwl-und I Wdut the But now, I repeat, wc. shall have to re present' ratio that We barb BUlf, M U> dr uot. My prediction Is that in order to carry out the recommendations of that message we shall la* called upon to. sell Itdnds to procure gold. For what? To redeem all our pyCniiiary obligations, according to the t'ery language of that message, in iiiat “money which is recognized by the princi pal iiat ions ,of the world.” Why did not the president say gold? We know what Ws-language teeana. You are asked'to loinl up the federal treasury with gold to redeem every pecuniary obligation of the government with tfold, although the standard silver dollar is the identical dollar oh wlTTch those obligations were hnseii When they were issued, because they fcalled for coin of the standard Value at Uh*. fiuie deem all this bullion, all these Sherman notes, in gold; we shall-havo to s»-ll Itouds to get gold to redeem all our grecnlmcks, all oilr silver ccctifleates, and we’witj bo every d 1,700 members the Stgte.'knd lias gai since 1 >ec» , nibcr. The delegates were well satislied with lnditio:i of the Alliance in the ! They tire for free silver almost ■nn v . • tenrrtfng-to tbelF rpparts tlie f arm - | less in delit than imiihI^ and j “ they liave little money they have of com and sotghum and can get rug without cash if neceisary. |u their talks the delegates expressed themselves a* expecting no relief from Congress and hoped lliaf the iinaiieial onestion would not be settled until it is settled right 1 — ’ Agricultural papers say that if t.ur- ni ps are fed to cows just after milking, morning and evening, they will not cause the laeteal fluid to taste unpleas antly, as their unpleastni odor Ps dissi pated in twelve hours. There Is plenty of time yet to plant in this latitude. The purple top is most tW any gentleman on our side of tie house —and especially the one who ha* just taken his seat [Mr. Brown], who a short time ago was regarded as one of the ablest advocates of bimetallism in this house—should deem pmper jo rend iu this presence one part of our platform and to retreat from that part, above all others, which contributed to the I vote that gave mfnTfcRt iit'In this house. I- • regret lhat he has turnefl his face tmvitrd , the east and his back to tIPe west. We understand, Mr. Speaker, what that platform meant. The wholf Ileinocratic party voted against the Sherman bill, and so far as I am personally concerned I did what little my ability i>erniitted me to do to prevent its passage in this house, but it having lieen passed, and a better law having l>een repealed, it was the only law on the statute Itooks hxiking to the use of silver ts money in this country.- I knew, Mr. Pjteaker, that the gold stand ard elements, the very elements who are hi opposition to the 1 free coinage of silver, secured the passage of that act. I knew they would demand Its repeal the moment they saw the opportunity. A promise to rejioal that act was put in the platform nt Chicago, I suppose, (o satisfy that element of the Democratic party that wants no law upon t ho stat tile books for the freecoi nage of in itch dead .weight of ImlHonln the Uxosuty, so that we might ns well dump them into the Pototpac. /That is what all this means. \ In Other Words, every piece of paper money issued in this country today, every silver, certificate, ; every greenback, -every bond, maintained precisely as it is—it means that the silver of the world can come here in exchange for what we have to sell. Yes, It means that the silver bf the whole world edit come here. But they say that we will be flooded wit h the world's silver, that it will he dumped donU us. Now, let us see about that for a moroenti It means that any one with Ul ounces of silver can come here from any part of the world, or with one Ouhrt of gold, and he can masses of the sastsm countries ss well as ours, for whom It Is our proud pro vines here to legislate. They are in a panic, my friends. 1 wsnt to remind you of tbat, and they wili remind you of It when y<>« go home if you are not reminded of It now. The people are watching this thing. They understand that the. battle to be fought mxhumental fraud of .the nineteenth cen tury. the Sherman act not exocpU*!. be cause we never expected much from Sherman or hi* party. They nafer made at many promiece as we have. If ne now vio late In the light of day every pledge that we have made, we shall l»e convicted of in sincerity, of betraying the peoplfc who aqpt here is the battle of the standards the world us here, of bowing our tlhcks meekly to the 1 .u—— *<• ‘ u — 1 yoke of Wall street. If Democracy means anything, it Is that those who crtnC here from the people to represent them sbOtild carry out tbclr pledges in good faith. It docs not mean that we are to pass an act over, and the man who foils now they will brand aa a traitor to the cause which is in trusted to his hands. Hr. (Hand's Tims Extended. Mr. Culberson—Mr. Speaker, aa the time of the gentleman from Missouri is alidutto expire, I ask unanimous consent that he may be allowed to use such time as is necessary iu order to complete his argu ment. a The Speaker Pro Tern. [Mr. Outhwaite of Ohio]—The gentleman from Texas asks | bimetallism wi unanimous consent that the gentleman and 1 contend from Missouri have such time asjhc desires in which to complete his argument. Is there objection? [After a pause.] The chair hears none, and It is sd ordered. Mr. Bland—Mr. Speaker, I thank the gentleman from Texas and the house for ..Us courtesy. Now s J say, the contention +«thate jtoltd every Sherman note, is to be rqgeemed in buy your grain, he can buy your bdtlseni gold, and \ve must procuit the gold for jot, "he can buy your manufactured prod- tlieir redemption. *■ nets and buy the property and commodl- What, then, nit! Jon to do with your sil- ties of all sorts that you have to sell with YjFFTmffioir and nil your-silver dollars, of _ ^tiiex the one or the other—that.1* W 8KJ\ which you have $.YX>,lion,000 today? They he can buy just as itmcli with his 10ounces ihaTwe exchange gold for silver lines not hold good. It is put on the broad proposition of a na tion which produces enough wealth, and .where is the nation utidhf the shiilltlg hub -of value and the standard. What was which, though some people say it will stop the panic, will put a yoke upon your con stituencies for probably centuries to come. As to (lottos. ' I spoke of the British royal commission ss having laid down the principles by Caleb « maintained in France, that this government can maintain it upon the same principles and at the same ratloiof id to i. .Yet the house will have the opportulilt)’ id rote In differ ent" ratios. My objection to changing the ratio is, in the first place, that the ratio of 16 to 1 is that which tins existed in this country from the lieutnning. It is the ratio the standard silver dollar, which tart#! was. Some gentlemen say that gold Is the unit productive, but the golden ball and silver. But following that, and in the same strap-leaved varieties arc most delicate- 'paragraph, a part and iwired of it nt least. ly tasted. Vest * Views.. We take the following extracts.tyom the great s|»eecli of Senator Vest of Mis souri in the l'nlted Statc^Scnate; If Jefferson could to-day revisit the earth, or tf the dead can take notice* of the affairs of the living, what must lie think of tills country that he helped to _«a!abU«di ami whose iud -pendence be put In letters of llving-lrre ttpon the pa ges oi" history if lie should find BTjkSi,- (HlUof freemen within continent for an in heriunce, with the rain and sunshine a ml day, tba inoimtains and rivers, With aiinoiff, lllnfiit.ibte irsumces, In- the hands liuaneially of a dozen men in New York who make and unmake, and —u ho ran in au 'lour so hoard the cur-' - reney of the whole country as to pro duce a niottsv fptnlne. ami then exact from tlie '|»e< jde tlieir own terms in re gard to their producls and commodit ies. Now, Mr. Fresidcnt, another argu ment is produced daily and hourly, and, if we resd the metropolitan journals, it is tlu* great Issue. It. is said we cannot niaTnuln a different stamlard. from Ku- rope. We must not put ill’s o in try in a position of isolati.oii. IVu 1, must not, to use a iniicli abused term, piit a tvhM ■round the people of the United States. 1 am not disposed to be prejudiced - again st England. They arc a great jHwplc. They understand the chief end -..f life better than anv peo ple w ild have ever eVl?tgrt;T vi p dm Vo netians. They can take care of t.iicm- selvcs better than the same colleclioH of humanity in all Jbe liiatoryof.llie world. 1 am not here to array any prejudices on the part of the people of the I'nited .. States against tliosc of Great Britain r M’e come from the same iineage and they simply exercjsS Hie. right.That wc , to take- care of themselves, to was the promise made lit Chicago by the llemocmtic party for the use o'f both^old and silver as money in this country, with equal privilege nt the mints of our govern ment. And, speaking for niy.se f and for the people whom I have the honor to rep resent, they Understood at least that the free'coinage of silver, in accordance with our platform, necessarily repealed the Sher man law, and it would. The two laws cannot exist together.- They are inconsist ent, and that part of the platform that pledged us to the free coinage .of silver -UeCessarily ineaiit the repeal of the Sher- uian law by n free coiTiTgciiiii. That is your platforhi. Gentlemen who wish to recede from it. nud who undertake to nmke riteir exGUses lo a people who will by os disappointed as tlie^isople represented an* to be demonetized hs^aw* ipetal, and you know it. 1 am talking to intelligent gentlemen who have n*«d that message, and there is not an intelligent gentleman hero who has rend It who cmi misnnder- stnml it. Why, tlieni shttnld you go on to try to deceive yourselves anji your constit uents on this subject? There is no silver inthat message* and gentlemen on the oth er side will simply do themselves an injus tice if lii-rcafiFr iu the course of this delmte they leave silver out of it, localise they are proposing n measure in which there Is ho consideration whatever to silver. A Manufactured Panic. Mr Speaker, it mfiy be necessary, and .probably is, that I go smnewhat into the discussion of the silver question on its merits. I have alluded to these prelimina ry matters Which have lieen thrown in and have tried to state that no legislation which we can enact here is going to relieve the panic. This panic lms,[>ceii brought about for the express purpose of repealing this law. There is no question about that. We were threatened last winter with a gold premium. I stated then on this floor and I state now that there is~nogold premium. On the contrary, I believe the people are now paying a premium for silver and silver certificates. We.-svere urged that we must issue more bonds; that if "we ! did naf we were to have a panic. All the ; newspajiers, of the east especially, were ad- j vertislng a panic if we did not issue bonds. ] Wediil not issue them. The secretary pf the treasury was threatened with a panic if b<MUd not comply with the demands, and T , he refused. . Those who were interested in getting up of silver arf with his ounce of gold. With the.billious upon billions of property exist ing Iu this country today and being pro duced lu this country every year, we sim ply offer to exchnii$ib ; that which we have in abundance on a lotifls of one pound of gold ns the equivalent of W pounds of sil- \ ver. We Invite, then, the world to come with its silver mid make thd*'exchange. 9 France’s Example. / No - -nation now, R is true, tiffera in ex change gold for silver nt any fixed ratio) consequently nil the silver that Is coined is used in the country where it is coined. And why ? Because no great power offers to ex change one nietsl for the other at any fixed ratio. That is the only trouble with stlVet today. Now, It must be'Temenibchxl that France has afforded nn example to the world fn this regard, having kept its silver on a parity with gold for a period of TO years on a ratio of 15,'V to 1. It said to the nations of the world: ••‘Joins with your gold and your silver—l.W ounces of silver or one of gold—and you can buy all of our salable property in France, and you can pay us in silver or goW, just as you choose, on that basis.” AnO, according to tbe report of the royal commission on that subject) France was enabled to maintain the parity of tbe two metals at that ratio for the reason that she had propert y enough to effect exchanges on that-basis. We arc lu the same coudi- tlou. What Is it then that you are asked to do? It is that we, tbe government of the United States, we ns a people, shall say to all the world, especially the sil ver using people, dll Of the Asiatic nations and the great 1mlit s, ‘Come here with your white metal, if jou that compares with this growing country of ours in population and tncrensir.g devel- opmcntsf t)»d aa. I am—and 1 do not pro- fees to be very old, either—I behove I may yet live to see this country with nearly lfo,0rt),000 people, increasing as it does at therateof hirer a million and a half annual-1 ly. These who are growing up today will by | the time they are voters coiApose a part of a nation containing perhaps I‘i,5,000,000 ped- ple with Unsurpassed energies, with a genius nowhere equaled and with a vast territory | opon^vb kn X hese energies and that genius can operate. The llllgtittng (land of Confiscation. But a short time ago when you looked across tbe Alleghany mountains, yoti lie- held the western wildbrue** foamed by the savage and wild beasts. Today it is teem-' Ing tfith Its millions of civilized people— --■Abe great Mississippi valley—and wlien <l you ’ ftct ' restore the silvpf dollflf and to su crose the Mississippi you Just begin to enter “* 1 *“ 1 the great domain of this great country'of i Jhe ours, for more than two thirds of it tics I hr authorized there with the same stipei*- —which admit* that France did this thism and practically admits that Francs could •till do It U It wanted to. We have I befogged upon this subject. We kave been misled and misrepresented; It is dlfflentt to gH a Mirer argument into tbe stthsidiaed press of this doontry, and It ammi Unit nearly all the metropolltea newspapers arw Included In that term. They will talk about nothing but banks and bonds and grtld, and they control practically the press, but tb« grCut argument is to Come At last and will come unless you settle It hem It BdH no* stop, but it will be settled. But If you say we are not able to fix tbU ratio at 10 to I we have offered other pro positions. I hart* stated that I will not rot* against afree coinage MU because the house ~.ny fix a ratio that 1 do not lika I do be lieve and I admit the proposition that th* Axing of the ratio ia a fair question for dis cussion mid delvite, hut ( do assert that, an a constitutional question, free coinage ta enjoined by the constitution, not w|th*uind- ing the learned argument of tbe genllematt from Maryland (Mr. Uayner] to the cdb> ttury. The ciinsUtutlon inhibits any state jn this Union from ihaklng anything a Icgar teitr der except gold aud silver, ami it confer* the standard silver dollar that It always upou cougrcivitlie ?olc power to coin money an<l.-regulate Its valuer NoiOlfleJt tha#- meau that n state shall make nothing a legal tender and that congress will re fusil to make anything a legal tender? If thd states have conferred a power upon rbnr green th* exercise of which la necessary to Ibel'fehf the atatca, I say it is treason to * the state* Id ffehy' CBlit right an a lejpt - pro(iosition. Thd states have given rip the power to coin money and to make legal Border and have conferred that powerTipoti congress. If cofigrt-fs refuses to exercise this power, which la neccmnry to th* very existence of the states, it U, so to speak, disunion. We ought to give back, then, td th* states the power to coin nioucy and i meant by the unit of value was simply that tbe dollar was the unit of account from which we should reckon both down and up —4uwd Into fraction* hod op into multi ples. It was merely the unit of account for government accounts and of private debts, and everything computed In dollars and cents. That is what it meant And that unit was fo he coined In silver. That Kras the original net. Whet her the unit of valnc as It appeared in the act bf 18711 was intended to mean anything more than thd unik<fl aroount I do not care. " If itr was, then according to Aha*. Fonstriirtlon the I iiMmiiji vim.'im<l yn mike legal tenders. silver tlolliiF Iras (he unit of value until 1873. It was the only dollar authorized and coined until 1841), when the gold dollar was authorized to la* coined. But the silver dojlar was the unit. Now, In the act of 18781 hr tit le reads "An ‘ "rH thorize Its coinage.” The context reiert to tbe act‘of 1837, and the coining of the dol beyond the Mlasissippi river. And, Mr. Speaker, it is that two-thirds of our terri tory. rich as it U iu gold and silver, Im bedded together In the same deptmlts, In the same mountains, so that you cannot | extract the one without extracting tbe other—it is that portion bf our territory | that would give us tbe money we need, the , money of the world, good money, bard money, democratic money—a country that the civilized World fntist look to for the future monetary supply If It Is to continue ! on what Is called a hard money luisls. And ( yet we are today asked to do what? To lay the blighting hand of confiscation upon tbe millions of people inhabiting that scriptibn is the same standard dollar—the silver dollar that has lieen Identically the same in all bf the history of our country. That act rrstoi-^d that standard aa the standard dollar and displaced the gold dol lar. There Is no question atiout that. We do not coin the gold dollar nt all today. It Is prohibited to lie done nt the iuiuts, and the only dollar- that Is coined is Ihe "stiver dollar, and, I re|ient, Sir; I deny that the gold dollar ts the standard of value. When tte resumed specie payments and came from tbe midst of the greenback circulation to coin payments, wo emerged with a stand ard silver dollar coined at the mints, and It hail been fur nearly a year. In all of our cquntry, to turn them out as tramps upon ! business obligations, in all of our contracts will la*, will find it hard to explain why it Is; when the gentleman's vote is called upon That roll, that tlie gentleman is in haste to alssilutely demonetize silver, but-ts willing to defer—to postpone to some more conven ient season—the occasion when his vote can be given in accordance with th** promise he made to his constituents. History lte|>ents Iltt-If. It1s said that history repeats itself, and it seenis that the Democratic party is espe cially the victim of Repeat lug history in some way. When the people intrusted our party |n 18-M with theaiilgiuiiatriiMnn of'ilu government, when the .Democratic house of representatives wastchosen, I remember' full well, and 1 -*n around me gentlemen who rctiicinlier it as I do—for they were here nt that time—that before the inaugu ration of the president of the United States whom we~"bhil eU'CmT^the- eni h»>a*l>«s—ot Wtdl street swarmed the lobbies of this house and this capital just as they did last winter, demanding what? Demanding the j repeal of the so called Bland act. We were j told that it was the wish of the executive elect that that net be repeated, as w* were t tfftd Inst wlntere--Wti wece tobj that it was his opinion ami tlie opinion of his advisers coming then tfft lain! to satisfy the greed of English gold."'* ,-I Oh, roy God, shall wc do such a thing ns tba,t? Will von crush the people of your own land ana rend them abroad as tramps? Will you kill and destroy your bwn Indus tries and especially the production of yonr ] precious metals, that ought to las sent abroad everywhere? Will you do this simply to gratify the grWsl bf Wall street, tbe mere agent of 1/Otnlmrd street In op-1 pressing the people of Europe and of thts liens disamiointeU as 1 iie^peopic represented this panic begaflTb refuse loans, to cramp, choose to come and trade with us on the I * «. M. /•imKl It H hsU no* bythegeiitleinariTffmitndinii.i [Mi. Diown] i -to draw itt- currcncy. Many of the banks basis of }6 to 1, aud buy your commodities : 17 which had.been engaged hi TrobniTtig~real ; from ns at that ratio.” Whenyou do that, or iiNo estate or in\)tber questionable transactions, ami were consequently weak, began t©-ftti> Stocks, called industrial stocks, that had been watered in W/fll st reel — cordage trusts, lead tmsts, whisky trurts, railroad storks that had lieen watered—began to tumble down to something like reasonable .rates, and you had a-panic. Banks which were weak-ix'gau to fail, and the.people be gnu a run on banks which were strong. The whole country became alarmed. Pern pie began to take tlieir money out of the hanks and put it into safe deposit vaults or in their safes nt home. 1is said they ought to let "their money remain in the banks. Well, probably they ought to do so, but What isthedifference? The banks are afraid to let the money go out if they have it. Now the panic has come, end those who -Conspired to bring it about have got more will not the silver using people of the world t come to your shorew-to make their puy- , chases, rather than go to the European [lowers where they demand a ratio of from 23 to 2r>? There cun bo misdoubt of the an swer to that question. You nt bnce undermine and sap tbe pros perity of western Europe. You will divert from them all the trade of every silver us ing country in tbe world, because you offer tb sell these [icople projierty and commod ities here that arc better and oil better terms than they can get any where else in the world. You say their silver will come here. Suppose it does. It will go Imck again, because here is the floodgate jthat Is opened for gold aud silver to come and to go with the tide of trade, of free exchange in this, the gfe**®* 1 country the world evrr saw. It will come, and it will go, and so It )kg*kHai 1 speak for the great masnesof the people of the Mississippi valley nn/1 Those west of ItWheml say yon shall not do It. Any po- | iitlcal party that undertakes to do it will In God’s name lie trampled, os it ought to be trampled. Into tbe Just of condemna tion. Kpcaklng as a Democrat, sil my life battling for what I conceive to lie Democ- j racy and what I conceive to lie right, I am yet an American above Democracy. I do since tbe resumption ef specie payments, we refer*o the standard silver dollar. We have b&n-colniDg them, and our contracts test on sliver as well ns on gold. A 10 to t (lutlo Feasible. _ . But yon wsnt to eliminate them alto gether and put everything on a gold basis. But I repeat) *(ri I deny tbe assumption Hist the gold dollar Is the standard. I as sert that the silver dollar is now, os It has -always been, the^standard of value in this country, ami therefore that tbe unlimited coinage of si Iter will keep bullion silver ht par at tha mints aud In the world’s market equally with gold, according to the Chicago platform. It muat necessarily do it, and we will comply with the platform and its pledges by coining silver at a ratio of 10’to 1, for you must lake notice that all of the silver In circulation (n the world today coined with reference td any ratio td gold Is about bV^ or below that amount. Four billions of sllrerinuncy is In cireulntion nt a coinage ratio of nhout liV{. while ours Is not intend—we rtonot intend that any party 10 to 1. We have departed so far from ilia coinage ratio of the world as togoabov* Khali survive. If we can help It, that will lay the confiscating hand upon America In tb« Interests of England or of Europe. Now, mark It, this may lie strong language, but heed It. Th-.people mMtn it. And, my friends of tM eastern Democracy, we bid you farewell when you do that tldng. Now, you can take your choice—the choice of sus taining America against F.nglnnd and than lhey~Vs7rgrirnrd.for.~TLiL‘ idea is.riiai—atiil contlnuty becnuse we have opened up isers to the e xercise, to Ukc care of ; that this country was _ _ , take care of t.liemsi,l\es* 1 * ' ' 1 single silver standard if we did not repeaM 1*1* P»n*c In its present shape. Wecnn nn- stand how a.) hng 1 1 », , ,1 i hat law. \V>~were threatened w ith a j dtersland that. In this way, desolation was the gold standard. k 01 ” > ‘ ,n ! ,a ; irt twnie-.-with gold coming to ; n BigEtffqiu. j bwwgbt Intomnny Qtjhcst.otraof the Un ion. and men who.had before been prosper ous and happy were by the thousands sent as tramps throughout the land. AU parti of th* country have felt the effects. -It h» this fight upon silver that baa pre- we can relieve this panic by tbe repeal of pf the Sherman law. Why, Mr. Speaker, I dam that now blockades the silver tide, say l ight here, and history will bear me (TonId England Stand Tliatr out in the statement, that; while there was Go you suppose England could stand that some alurm in the .country before, yrt the fora moment? Certainly not. Whut has moment the British government ([emone- made the manufacturers in Manchester rtzed-silvev in Iu.lU.theh the panic liegan the strongest bimetaliisU in the world to- in earnest—not Indore. That precipitated ' American industries and American labor- and prolucers, or you can go out of tW “! n, j W,J _ h ,“ ve u 01 f n< ^ “ S* tbB power; We have come to the parting of the -pro|K>siii dous uiajority. York papc*n*, r.s they have in-en this sum Trier, were filled with predictions of gold premium and panics. Soiqe time in Sep- or October, before the meeting of congress, these generous bankers iu New York, whasay that they euptrol the finances of thiacountry and what they demand must be acceded to, made arrangements with the secretary of the-treasury by which they were to withdraw f 10,000,000 of subsidiary whloll they made It^mamlat.ory on the Bank of England Rvlmr every uunceol jfol<r that'Vaiue frotii any port on of t] e.i world r«*r fill time lo eonie at the fixed i valmuimi of $11 17' 8.1 an nuiiey, a frae- tiuti under M hat was the iuevita- I-tent tier Ide result? All the world except Kng- | Rnd' w as oil a silver or a, hitne.lall ic staitdard. <V‘ntmny was on thyexeln- sivc siTvfej; aUmdard. The l.at’ti l kiun was on the atitcr xtamiaid. Every counti'w of any import tne'*. in the world was oliampioiiing silver, rutij silver coin and to phice in the treasury of .yet our ancesttors delUlFi'ately took np ^ihc IbtHe.! States f 10.0f»0.0(Xl of gold iu or- ihe garv''fjJtttt'tb’whole , der to wcure and mhititain gtffupuynieDte, *rorl 1, “ r.fil slm l have golil^ J;as my | advertising to nil the country that t^ie predecessor here, JV1 r.^ Bcmuii, said, I bankers of New York had conic to the re- gold.'V.airtl arljyitfth tlieir flrkKj lief of the federal treasury with $10JXX),000 step was ehalIctrg*d J’jb the death, t hey ; of gold to maintain the public credit. It said, “Every ounce Of gpfd | rod need ; was tiotie, Mr. Spi'nkrr, to terrorize the. am wherepu the w ul 1 shall be bniffht people of this country, and if possible to liv the Bank of England'' hi the pride 1 bringn panic surh as you have today, and have named, a.nd that fixed tin* price of | they know it. gold in t|te remotest parts-of Asia. Kv- | And we met in something of a financial cry- man who liad an ounce of gold „ panic, not so severe us it Know, howeier. “ c —— 1 - 4 •- 4 *' J'he whole bouutry was s.iirrul on the silver - rtnd The I lliiring the following summer',the New -Capitated this panic; and tbe repeal of the Shernian law will only intensify ft, not re lieve It. The panic nil 1 be relieved when everything gels so low that people see they can make money by buying. When they bcgjn to buy prices will go up, and when everybody is buying money will come from its hoarding places, anil you will have some relief. In no other'way will it come. Gold Is coining to us today. Although jieople aergss the water arc to a great extent afraid to invest here, for fear that we will not pay in gold, jet It is the people neross the water who are sustaining prices today and send ing here all the money that they can spare. . The Treasury-AttarUeflJ * . - There has been a panic in gold using Aus tralia that has bankrupted the whole peo- -ple and sent terror to the hanks all over England. Wc kuow that gold cannot be obtained there except by paj'ing for it ^j et it is coining here. Jnlk niiout a premium on gold! Her* is the treasury of the United ’ States that Is upon to the plunder of every speculator of the civilized world, lie can mile Ids Vilii'i'niim niiti. nr liis groenliack or give jeet was to fix the pr-ico of gold aid chain It upon tit*’ people of the whole world, and thoy have almost succeeded In that gigantic endeavor. If thMemtntry ahoitld now gnrrcml^r silver it become* like Iron or lead or any other metallic? commodity, and its fa cilities as money arc destroyed forever. 1 repeat, If I looked nt this subject from the English at tndpoint I would unques tionably advocate jt'fid. Hold repre- aents the genittz of ffnancial centrality. If England could bring the whole world to thr gold ztand.trd, with her vast carrying trade, with her l*rge ,ct>- Kmiai «y*tem, wlrich ha* made England itself the great gold emporium, she any other government currency there and awl Industrial pegpl# (Jtlar The an It diflkruHy tout'gold without cost. Did you ever notice world. 1 hey ought not to nga* M. They the amount. Cut . gold witliout cost. Did you the itaqies of these gentlemen iu New York who'are Skipping gold abroad or bringing it back? Every one of those utunes that I it all uv by over a two-thirds vote of this house, and the panic vanished. That wtw the end of it. When they Mscertained that the free people of this country through their re pro has a fort . jn u . rminat ion . Kvery world and » sentativra, could not be driven as a herd of (>[ ^ ho far as I am U metallism a a western plain into a pauic to ^ b an ^ or , jranch of bnIlk Th.v k across'the water.—If you go to the Bank of England to get gold for export, you.nmst pay a premium on it. If you go tothe Bank of France to get gold for export, you piust pay n premium on it. ■ i The case is the same with every other ^banking house in Europe. No gold can lie obtained there withoutjiayiug.a premium. But Iwru is the treasury of tlie United eStates professing to be so helpless that It day, whTcfi fhey are? Simply tbe fact that they rfiust sell their commodities in India for the India rujiees. They are thus inter ested in the value of silver rupees. They" want to maintain it, and if all the manu facturing products pf western Europe that are sent hero aud sold to us are sold for silver, as they must be, do you not see how quickly you will convert them all to IriiQet- allism ? Thus you will segregate all the in dustrial inhabitants of western Europe from-those Who live on fixed inoomes-'-the aristocracy, the bond holders aud the coupon clippers,^ That is all there is about it, and we want to segregate them. You see, then, that when we do this in this country west ern Europe must Come to onr standard or surrender commerce with all silver using countries and with-us. Mark that. We are the tiest market in tbe world for manu factured European products. They cannot live without this market, and they cannot keep this market if they do not recognize and take pur silver at the same value that we take it, and they kuow it. 1 know that the gold owner* lu that country -and this, the bondholders and bankers, those Who are living ou fixed In comes and who are living ou Interrats and .Whose lpisinesa.it is to I&au money and to have that money increase in value front year to ycar-rthey fight this proposition as a matter of course, but I do not think they ought to do it, for ultimately I think they would be benefited, as would the rest of the power. ways. ' -~ I do not,intend to sfC ak for anybody but myself and my constitnenta, but 1 do be lieve that I do apeak for tbe masses of tbe great Misaissippi valley when I say that we will not submit to the domination bf any politico! party, bowsvtr much w e may love it, that will lay the sacrificing hand upon zllrer and demonetize It in this conntry. For myself, I will not support such a party here or elsewhere, hut will denounce It, and a* a Democrat I will denounce it as un- j Democratic and un-American and will ask tbe people of this conntry to condemn, as they ought to condemn, the so cal lei 1 Demo crats engaged in It as the agents, the tools -rl withdraw that w ord—but 1 will say nn- intent(dually representing tlie mortVVyd power and the moneyed interests iustcnuof the masses of the Americans. Now, Mr. Rpeaker, as I have already stat ed, the sliver question ns T*Ow presented Is 1<% Bui why) wbnt reason is there for going above 10 to 1? 1 say, sir,.and the statistics will demonslrntathe fact if you go Imck for the last 20 years and compare the product ion of gold with tliatof silver, that ratio of pro duction will bo found to be about 1 or between that and 10 to 1. Of course within the last four or five yenjs the production of silver has Increased, but jkiu intist tnke iu ( making compaxUons of.ihIs.£lmmeter long ] periods and not a few years. Tnke, then, ; for the purpose the production of silver for I the last 80 years, or since the price of silver baa begun to fall,and the comparative pro duction of the two metals Is about >8*1 of something below 18 to' I. There in then no reason why we should change the existing ratjo except we will It, in order to change the ratio, that restoring silver to lu proper and legitimate function will not restore Its value. There b ho country I know of today (there gold Hnd silver are coined Ht any fixed ratio free. 1 am not going on the hypothesis that Mexico or some weak coun try like that can, by any of Its acts, hare any material effect ujion the jiuestlon. J ant speaking of a system for this country, whereJt is proposed to cgfu the two metals at a fixed mfiii. or of tfippuntry which, in the language of ibis report of the British commission, is of “sufficient importance to Ifhat (• nimeUIllimf Now, what U bimetallism? Why, tha - constitution fixe* bimetallism and take** It from the states. It rays congress,shall have that power ami takes U front the states. And If that doe* not iiivhii a duty enjoined tipon congress to coin gold mid silver for the use of the states I do not nndupitaiHl [he words of theeonstltutioii or their mean ing. r KoW; Mr. Speaker, here We are. No state in thla.Uniou feuindn money or make anything a legal tender Fxcept gold aud silver. \Vu are denying to them a privilege conferred by tbe constitution of thla coun try, whleh says they may make gold and silver it legal tender. Yet We will not do it, VIM not conform to ihc constitution and do our duty. Nut duly that, hut “coin muuey** means an automatic supply. One of the nrgumen!s that you can add iu favor of coin money In place hf paper money is that Coin money cannot lie overissued, and that ia the important distj list ion. Another argument is that It Is not so easi ly burned up. The metals are not sniasily destroyed. Many ut Iter qualities pertain to it which It is not necessary to explain, but the great thought underlying all Uthat the supply of gold and silver ia limited by na ture; that contracts are based upon the stock bn hand, accumulated forages, astb* world ha* grown up iu business; that the Tallies of contracts are fixed by tha money of the world tlMt accumulated, and that the annual supPris ao small lo amount compared with tbe vast stock on baad- hardly 1 per cent a year—that you cannot of - aontracta by largely inflating the volume of money nar very seriously disturb property values by lower ing tbe value of tbe uwuey tty ■ large *U|*- piy. But hero we wnnt-to interfere With that automatic supply. „ When wa bare free coinage and the rointa open, the (irodtiction of gold and silver supplies the rolutne In tbe manner 1 have stated, for you make all the stocks of gold and silver on band and all that come In tbe future a part Of the possible,, monetary supply. Nature liiulta tlie supply so that we cannot orcriasoc It If wc want to. Very good. But forte wise peo ple about 20 years ago thought tbit this con tinuing supply of gold and silver was inter fering with thorn holding bonds and draw ing interest and living on fixed incomes. They thought the production of silver was going to he largely Increased and would probably lower the value bf both gold aud silver as monej^jxad hence they undertook not the question wc had presented to us iu ' be considered,” where it has property anil know what is true, that If this country gives free coinage of gold and silver at a fair ratio it solves the questicu for the buffaloes on a western plain into a pauic trample themselves and thus depend upon them, they censed the howl ngaiust silver, and the |Mtuic stopped. We kept ou coining these million dollars and no disturbance was made of it probably for four years. Tlie Democratic party iu this house maintained ft against all assaults. Nr. (Uanil Turns Prophet. Why an* We rushed in here and asked to rep*i*l the only law that sustains, for the moment at least, the value of ail ver before world and goes and drives the world to bi- tii stead of gpld n hence i cannot prevent every gold speculator from would boconte th* eouuucrcial emfio- ! w« fix the ratio? There is no consistency in robbing (he government of its gold. Our - - .... *' — - - “ ‘ •"* ’ ' * treasury will not pay out the silver which rill Ml iif tha whole of the Sew. world,-the inisuos it—noneVhateren -The elnini ia not sin l-raveg upon an , if you don't yount-lX. cere that the president expects hereafter to ! it might pay. Tlie Bank of France « ill jmy recommend bimetallism, for he do^y* not do out silver or will charge a premium on gold, I U in his message, and that claim mi irepre- if it is wanted for anything hut domestic use. aents his position. He recommends the re- , But the treasury of [bo UniU-d .Stat-eH, in- rttrac. The concluding parei'niph of the stead of imyiug out gold aud silver in vqusi mooometallism. They know- this, and hence their eagerness and determination to prevent ft. It is a fight between the standards, and this great country must settle it, and you, my frtendH, must think about solviag It beke. It is a serious question. It is not only a serious question fort be American popple. We are appealed to by the oppressed in the old world—those who have not tbe voice that our people in their sovereignty have. The oppfwised of the bid world are appeal ing to us to settle for the World this great question, and to settle it not for me* who are seeking advantage hr the atari* mar kets, nor for weu who are seeking ad' tag* hi band holding. In Intr—trfra in money lending. In seeking to have increase in value every day and every yew, but for the great toiling uul producing twfng. the past, ft is true that in what has been culled the Bland coinage act we passed in this house a free coinage hill—I *knean not In this particular body, but In the house of representatives—by a large majority, by a two-thirds rote. Bfit When It went to the senate there whs engrafted upon it a pro vision requiring tbe purchase of at least two millions of dollars’ worth of silver each inOoth and not exceeding fonr millions of dollars’ worth and its coinage into standard silver dollars. That was a bullion purchase hi Hr But mark the distinction. It required every dollar of that bullion to be coined Into money as fast lutnurebaned, and it re quired the issue on that money of certifi cates redeemable la silver. To tluet extent the measure was in the line of bimetallism. was the limitation as lo products and knowledge enough to make exchanges, aud that country is France. I am not taking a little country like Mexico, that has no fixed relation lietween the metals, or even India. 1 speak of Mm eta 1- ibun having a fixed ratio, and where the country is strong enough in Its products to ray “We will> give as much in exchange for 1C ounces of silver as for one of gold.” We are progressing and demanding money every day. - Every new faotory that is started in this country Is a direct de mand upon tbe monetary supply and a contraction of the currency to that extent. Every railroad that is built is n demand upon your volume of money and a contrac tion of .he currency to that extent os com pared to everything else. Every farm that is opened is a dew demand for money and a til *in iipiailng up i*, ■■ i ^nl. the time has some when wtwUlhav* i wc ought to open up more still. All these "" But the presentriaw repaaftd ~ *t*««rnv»-H»o «> the volume of furreiicy, and The Meaarassital Fraud of the Ceatery. You do not propone now to put us back to where We were when you repealed that Oct, Which was adopted ns a compromise measure, providing for the purchase of from | #2,000,000 to #4,000/100 worth of silver per month? You propone to wipe out tbe act of repeal and leave ns where? You propose things demand money and must draw upon flbr present supply, and to that extent the currency is contracted as compared to everything else. Now, you cannot do busi ness on a contracted ciim-ircy in this coun try. So that I say that we arc ant to be compared with those people, and when you to remit us to the demonetizing act of 1*73, ■ compare ns fa the way of new demands which inwall my section of ro* lntr y the ,,eW developments, population to be In- Deinocmttc party ou every stump has de-; creased, we are greater than ait of them nounced as tbe monumental fraud of, the cnmMned, ami when a gentleman admit* nineteenth century. Here Is a Democratic «>at ^ England ami Germany, or house nroiioslng to' fjo right hack to that two of Uiern^ or^ all of them, could fix the When y« " ' ‘ ■** * S legislation to prevent the automatic sap- f of money and to Inhibit the coinage of one of-the pccsiotts metals In order to pro-' tect the volume of money Rom* that lu- crease. Now, we bad better be on It paper system than n system like that. If we are to raps; late tbe volutne of money liy nrohlbitftf.'f the Oolttage of one of the metala, why not abandon the metals altogether and go to paper at once? Then we- can regulate th<». volume of that money jnst qa well and ti little better. Wc might believe that the contention is true that we do not nerd much money anyhow, because 00 per cent of tbe business of the world hi done on cred it. Why pot TOO per cent and get rid of money altogether? Mr. Allen of .Vksslsslppi (sotto roce)-I have l «en doing mine that w ay lately. Mr. Blaihl —Tbs time has come, my friend, when credit goes very stow and a little money very much farther. There U always a day of liquidation, and yon muat have tlie money; but, as I said before) tf i<0 per cent is credit money Why hot 100 per cent? Ijct us print rredfy money, but* let that money rest upon the credit of tbe gov ernment and not upon tbe credit of soma banker* in London or Wall street. There are about 00 per cent of the Americas peo ple who do not know anything about credit. They have to do their business on a cash basis. They must have money. Tlie cou-* cludfng part of our bill provide* that tha government coin wliatetoer may he depoaRr ed and Issue silver certificate* ou it aa now provided by law, ao that if you reach a ratio of 18, 10 or 20 to 1 you still have the sam* right lo a certificate that you hav* fiaa day. • Now, Mr. Spinker, in closing this argu ment, and, a* I stand, an argument entire ly without prepanitioa, not expecting that I would speak at all today, I wish to say act- When you do so you wili be guilty of a greater fraud than that act itself. I apeak advisedly when I say that tf th* Democratic party, after all tbe pledgee it made In regard to silver hi Its plat- national and stale, should taka the tofts —<Btiw uader Ihe act of 1873, jot* will hate consummated tha ratio they admit that this country *an do more than all of them together. ~ The Mbsldlsml Ffwas. There lie do question about that. You admit all the argument there is iu it, when yon admit that much, aud here 1* a cotn- mlesion compcaed ut the ututi emiuent ex perts of the Old world—a gold commiesiou come to mot>«>iuetalli.Hrn or-to but I think it Is the duty of this bouse, aad es pecially of my associates, to settle tblw money question and to settle it ou tbe lines X have pointed out, nut by piecemeal and not by a repeal of an act that sustains the val ue of silver before Axing the ratio, not to demonetize silver and then undertake to restore it afterward, lint We have time now to arrange according to tbe principle of metallism a measure in conformity will* our promise to the American we ask our friend* on the othif side of I question—out Democratle side who are ao eager to i man law, da called, i pend I thd oil can fix I outour|