Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14

yeSteIoays Sulte huulUcI vi OSnoVOIs
were still eager to talk, however, and the
limit was extended. Stewart, of Nevada,
declared that the present law was better for
silver, if its spirit was carried out, than the
proposed measure.
WASHINGTON, June 12-The Senate
silver bill was again taken up to-day, and
Mr.. Morgan resumed the floor and suggested
that the time of Senators in discussing
the amendments (after the close of general
discussion) should be extended from five
minutes to ten or fifteen minutes. Mr..
Jones, of Nevada, in charge of the bill,
thought it might be better, as several Sena-
tors still desired to speak on the subject, to
extend the time for general debate till
o'clock on Monday next, and he asked
unanimous consent for that proposition.
Mr.. Hoar said he had no objection. but
thought that there should be larger attend
ance of Senators before unanimous consent
was asked. Mr.. Teller suggested that Mr..
Morgan should 60 on with his speech, and
said he had no desire to cut of any Senator
who might wish to address the Senate on the
bill. When the time came the Limitation, he
had no doubt, would be extended.
FOR FREE COINAGE.
Mr.. Morgan therefore went on with his
remarks. His speech was mainly an argu-
ment for free coinage. He objected to the
proposition to limit the continuance of the
sct to ten years.
Mr.. Aldrich next addressed the Senate.
He recognized the disastrous effects that had
resulted from a contraction of the currency,
but said that an abnormal initiation of the
currency would be equally injurious. There
was no substantial difference between Sen
ators as to the evil effects resulting from the
outlawry of silver. The only question was
as to the remedy thar would be found effect
i've.
A complete remedy could only be found,
he believed, in such action as would open
the mints of ali nations to the free coinage
of silver. By that means silver would be
added to the permanent fund of the worlds
money.
INTERNATIONAL ACTION NECESSARY.
Mr.. Aldrich went on to state and defend
the amendments reported by the Finance
Committee to the House silver bill, and as
serted that, instead of demoDetizing silver,
the system proposed by the Finance Com
mittee would more effectually monetize it
than the system now in force, under the law
of 1873. Gold was to-day universal, inter-
national money. Silver was not. Congress
could not make it an International money.
That had to be done by the concurrent ac-
tion of all the great countries. Until that
action took place there could be no equality
between the two metals. That was the fact
of all facts, and it was useless for Senators
to endeavor to persuade themselves or others
to the contrary. The legislation proposed
by the silver extremists would, he said, be
disastrous to the business interests of the
country.
Mr.. Stewart was on the floor replying to
some of Mr.. Aldrich's statements when the
presiding officer (Mr Ingalls) called at
tentlon to the agreement that general de-
bate was to close at o'clock. 1t was now
ten minutes after that time.
THE DEBATE EXTENDED.
Various propositions were made, and
finally it was agreed, by unanimous con-
sent, that the Senate bills should be laid on
the table the House bill as amended BY the
Finance Committee substituted for it, and
general debate be extended till 3 o'clock on
Monday, the session tomorrow being for
the consideration OF bills on the calendar.
Mr.. Stewart resuming the floor, said: eff
the Secretary OF the Treasury had bought
g, ,0O0 900 of silver a month instead of
8, ,000, 900 we not only would have had
double standard, but silver would be on a
parity with gold. The present law is good
enough for me If its spirit was carried out.
Mr.. Blair-Would the present law, if ex-
ecuted to its maximum, be better than any
of the pending measures?
Mr.. Stewart-Yes, better than any of
them.
Mr.. Blair-Then why not as a substitute
for the pending bill offer a proposition
making it compulsory to execute, to its
maximum, the existing law?
Mr.. Stewart-I would be satisfied with
that, at present.
AN IMPORTANT QUESTION.
Mr.. PIatt-Does the Senator from Nevada
believe that if the maximum amount of
silver authorized by law to be coined were
coined, the result would be to restore the
eouivalency between gold and silver dol
lars? If that be the Senator's belief, and if
it be correct, then it seems to me that that
is a ground on which We might all meet to-
gether.
MIR. Stewart replied that that was mis- be-
lief, and concluded BY saying that Congress
should either take step in advance or else
do nothing.
Mr.. Reagan addressed the Senate in ad-
vocacy of the unlimited coinage of silver, and
compared the pretensions OF its enemies
(who now claimed to be in its lavor) to the
Irishman who was hunting for employment,
but was praying to God that he would not
find it. That was the position of the Presi-
dent OF the United States, the Secretary of
the Treasury and of the Senator from Rhode
Island Mr.. Aldrich).
A FALSE PRETENSE.
They pretended TO be hunting for free
coinage of silver, but they hoped never to
find it, and were devising all sorts
of schemes and plans to avoid it.
Mr.. Daniel next addressed the Senate. He
stated that in his judgment the absolute free
and unlimited coinage of silver was the only
solution of the question. If that was not to
be the final solution OF the question it would
seem to be an essential and indispensable
step toward its solution. 1t could not be
anticipated, he said, that ANYTHING less than
free coinage of silver would bring silver to
par.
Without concluding his speech Mr..
Daniel yielded for a motion to go into exec-
utive session, and after a brief secret session
the Senate adjourned. =