nd of the people."
--Mr. Jones of Nevada supported the bill in a very elaborate speech.
He had an enthusiastic faith in silver as a circulating medium, and
had given a great deal of study to the question.
--Mr. Ingalls of Kansas argued "that the public debt is payable in
silver, and if the money unit should be established in the metal least
subject to fluctuation that metal is silver. Gold is the money of
monarchs, and was in open alliance with our enemies in the civil war."
--Mr. Lamar presented resolutions from the Legislature of his State,
instructing the senators and representatives to vote for the pending
measure. He explained that he could not comply with the instructions,
and would give the reasons for his vote to his own people.
--Mr. Allison of Iowa closed the debate, drawing the distinction
between free coinage as proposed in the House Bill, and limited coinage
as proposed in the Senate amendment. He dwelt on the invitation
for an International Monetary Conference. He recited the growing
demand for gold in Europe, and explained that "France ceased coining
silver because she already had in circulation as full legal-tender
from $350,000,000 to $400,000,000 in that coin."
In the course of the discussion the history of the Demonetizing Act
of 1873 was brought out, and the degree of attention, or rather
inattention, which was given to its passage,--On proceeding to vote
the Senate rejected an amendment by Mr. Morrill, providing that for
the first year only 25 per cent, and for the second year only 50 per
cent, of the duties should be receivable in silver.--The amendment of
Mr. Wilson "that $100,000,000 should be coined in silver dollars within
three years, and then the coinage should cease if bullion should be
more than three per cent below par," was also rejected.--The Senate
refused to agree to an amendment offered by Mr. Edmunds, "that
nothing in this section contained shall be construed to interfere with
the coinage of gold and of the subsidiary silver now authorized by
law."--The section providing for an International Conference was
adopted,--_ayes_, 40; _noes_, 30.--Several forms of amendment relative
to the legal-tender provision were suggested, but the phrase as it
appears in the law was preferred.--Amendments offered by Mr. Eaton,
Mr. Christiancy, Mr. Blaine, and Mr. Cameron of Wisconsin to increase
the amount of silver in the coin, so as to approximate it to the value
of the gold dollar, wer
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