“And what now does the gentleman propose to substitute for these legal-tender notes which are secured[B] not only by $100,000,000 of gold, but by your property and my property, and by the property of every citizen, by the resources of the whole country. What does he propose to substitute for this promise to pay? This promise made by this great nation, which it is bound to keep or be disgraced, as you or I would be disgraced if we should not meet our obligations? He proposes to substitute warehouse receipts--these are his words, not mine--warehouse receipts, which he himself acknowledges to-day to have an intrinsic value of but 71-1/2 cents. “He proposes a new doctrine, never before heard of either in or out of Congress, to make, not a promise to pay (of the nation) a legal tender, but what he calls a silver warehouse receipt, a legal tender, which you and I shall be forced to take in full payment no matter what may be its value. “This is a new doctrine, gentlemen; it is a doctrine that we should go slow about; that should be well considered by the best financial minds of this country. I venture to say that if it goes before Congress it will not be decided in one session; it will not get out of the hands of committee in one session; it involves the financial history of this country from the time of Thomas Jefferson down to the present date. Gentlemen who suppose that they can, upon hearing one paper read with a few figures, come to an intelligent conclusion upon the subject, deceive themselves. Such a subject should be considered seriously in all its bearings, and if so considered, mark my words, it will be declined. “Furthermore, what else does this proposition seek to do? “The proposition is that we shall issue certificates which the gentleman calls warehouse receipts, based upon a silver dollar now worth 71-1/2 cents, and then keep on buying silver bullion until it advances 28 cents on the dollar, making the dollar worth intrinsically 99-1/2 cents.