The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-07-11
THE MORNING NEWS,
Esr.RIIsHEp 1870. INCORPORATED 1873.
II H. ESTILL, President.
END OF THE SILVER SONG
THE SENATE VOTES TO ADOPT
THE CONFERENCE REPORT.

Senator Morgan Warns His Colleagues
That the Report Destroys All Hope
of the demonstration of Silver.
Senator Call Repeats the Compari-
son With the sub-Treasury Scheme.
WASHINGTON, July 10.-The Senate
resumed consideration of the confer
ance report on the silver bill this noon, and
was addressed by Mr.. Morgan in opposi-
tior 60 the report. He expected that to-
dsv was to be a crisis in the question OF the
currency of the people OF the United States,
as much so in regard to the demonstration
~ silver and the confning of the coinage to
the single gold standard as was the act of
1s73 He did not know but that the effect
Of the vote TO be taken to-day Qf it should
rasnlt in the adoption Of the conference
Rim would not be really more
fatal to the prospect of silver coinage in the
future than the act of 1873 The leglsla-
tion of 1878 had been, he said, an act of
cold-blooded assasSin alton OF the silver dol
lar. 1t had been passed over by the same
senator whose fine Italian hand" was to be
seen in the conference bill, bill which was
a total departure from the action of the
House and Senate, and was essentially as new
as if it had been a novel written by the
senator from Ohio within the last five days.
A DEATH-BLow TO RECONCILIATION.
Senator Morgan called the attention of
the friends of free coinage, particularly of
the senator from Colorado tMr. Teller, to the
fact that the same fine Italian hand" which
had framed the act of 1873 had operated in
the conference bill to destroy utterly any
hope of the reconciliation of silver 80 long
as it renamed unrepealed. He predicted
that when the authors of the conference
report came to realize what they had
done they would feel like kicking
themselves over a ten-acre field. The bill
would mono-metalize the country, would
make gold the only thing with which to
pay debts or buy property. The craft of
the senator from Ohio could not, after
twelve months consideration, have fixed up
a bill that would more thoroughly destroy
silver forever as money than the conference
bill would Mr.. Morgan spoke for three
hours and closed with an appeal to the
senators not to allow the senator from Ohio
Mr. Sherman) to thrust his stiletto again
into silver.
LIKE THE SUB-TREASURY RILL.
He was followed by Mr.. Call, who also
argued against the conference bill, suggest
ing that 1t was only variation of the
farmers alliance warehouse bill, and the
only difference was that in the case of sill
yer it was to be bought outright. Instead
that the senate should pause and think with
the farmers of the condition of the country
and agree upon a financial plan which
would meet their wants and put them out
of the power of the insurer and extortioner.
He regarded the conference bill as a great
calamity to the country; as a second de-
monetiZation of silver.
DISTINCT SUBJECTS.
Mr.. Plumb said the question of coinage
and that of the issue of silver certificates
are two separate and independent PROPOSE
tlons. The essential feature of the confer
ence bill is the first section of it, directing
the purchase of 100000 ounces Of silver
every month. do not find anything in the
bill which discredits silver, as it now stands
If we had been having free coinage; if
silver had been equal with gold. and if we
were now proposing to make
1t something else and less, that
would be different thing. The bill is a
long step in the right direction, a much
longer step than was the act of 1878, in
reference to the conditions then prevailing {;
a longer step because of the increased
amount of treasury notes that will be is
sued under it. Once out these notes will
stay out, and will strengthen the whole
fabric Of individual and governmental
credit.
AS POPULAR AS GREENBACKs.
They will be as popular as the green
backs were. and will be just as permanently
part OF the circulation. If this bill becomes
law. my own belief is that, SO easily and
nicely will it work, SO helpful will it be to
all the people of the United States SO wisely
Will 1t commend itself to the good Judgment
OF the people, that the next step will be free
coinage, and short step, too, taken with
the practical concurrence of the American
people. l shall vote for the conference bill,
regrettlng that it Is no better, Immensely
glad that it is no worse"
BILL FOR THE SILVER MEN.
Mr.. Vance said: "It is admitted that the
Dill Is not what it ought to be. Common
sense would dictate, then, that we shouId trv
to make it what it ought to be. We have
made but one effort to make it what it
ought TO be, and being met with
rebuff at the other end of the
capitol, we Immediately submit
and make no further effort. We propose a
OIL Tor the benefit OF the people. We are
now about to pass one for the benefit of the
miners and dealers in silver bullion. That
~ tne difference between the two bills
MI vance went on to argue that the bill
would not result in an increase of the cur-
rency, lnasmuch as the four or five million
Uollars OF treasury notes issued each month
Ior shVer would be presented at the treasury
ana exchanged for gold coin and then
~ouiu oe used for the next months Dur-
chase' and SO on. 1t would be, he said. like
tne stone OF Sysiphus, rolling up and rolling
poWn, or like the chorus in a travelinS
oalie0 troupe, when it is short of members
ahu mas To douul up its characters-annear-
rast.; -ms III pantaloons at one momenu and in
pettlcoats another. --
A LIMIT FIXED.
lnls suggestion of Mr.. Vance,s was con-
Ltr'oVerted L' by Mr.. Allison, VINO reminded
NJ nm that the bill provided that the amonn r
OF treasury notes OUTSTANDING shall ha
for silver. pSlio
MS phase of the discussion occupied con-
elueraple time, but Mr.. Vance declined to
"Itnuraw from the position which he took
MeSsrs. Doiph, Teller, Mitchell and Blair
aiso participated in the debate.
THE REPORT AGREED TO.
"A vote was then taken, and the confer
snce report was agreed to, the vote stand
ing Heas 80, nays 26, as follows:
r. y 1EAs- Messrs. Aldrich, Allen. Allison. RIair
Sdsey, Cullom, Davis Dawes nivon DoInh'
atInluIus' tl rs' Evarts, Farwell, Frye, Hawlev. Hip
tiusi; .nlscock, Hoar, Ingalls,, Jones of Nevada.
LIN. -uc1lliia4 Manderson, Mitchell, Moody. Petit
grew Pierce' Plat, Plumb, Power. OuIv.
SSanuers sawyer, Sherman. Spooner SSuire
NtsSo"arl' Stockbridge, Washburn and Wolcott
IN NTAYss-lMessrs. Barbour, Bate, Blackburn.
TTaii; carlisle, Cockrell, Coke. Coiauitt. Daniel
TTaukher, Glbson, German, Hampton Harris
Zones ZONES OF Arkansas, Kenna, Mcpherson Pasco
Pugh, Ransom Raaoa T,,r..:a 49,