New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-06-03
DEBATING THE SILVER BILL.
THE SENATE LISTENS WITH INTEREST IL
Mr.. MORRILL'S VIEWS.
40 rrprcrtvE STATEMENT OF THE CoNsERvA
TIVE sIDE-roISrs OF THE VERMONT
SENATOR'S SPEECH.

~, ,,,r,or runc o-Thc silver debate was reopenen
=, ,ay after a weeks interruption with speech VI
unusual force and interest from the Nee'aoie o"a
90 ,ho senate Finance Committee, Mr.. Morrill, 1t
NIGHT nerhaps have been expected that aiter the many
- hich have dragged the discussion on silver
already 10 - tedious length HUE s''enu'" "' '
10 attracted 10 the renewal Of the struggle WIN tc
~ -, - ,,h1, Mr. Morrill, however, can always com
,ans an interested and almost an afecilonatc aie"'
:, the Senate and it was happy thousht "hcn pun
him forward 10 begin again the contest o'cr Hc 'o'
hill The Vermont senator may DC saiu ~ sPcaA %
oc,aIv Tor the conservative and mouerde hcHuihci'
~ -, v,,nr If finance and his remarks oday proved
once more that he can always DC ennn,aI
safe prudent and sagacous treatment On hhanoiai
h,oms uis candid criticism Of the free coinage
johannes that have been brought to the 'front.' WIN ~
much energy and specousness durns ''o ihs' 80
,recks will no doubt have wide enecl' anu oc P
mi factor Inward the settlement OF the silver queson
"a, a reasonable and sensible basis Inc 'ona'o' Al
toot maid the speaker the marked compliment Oh 'ur'
4, oImost unbroken strength to hear his views
~ .h. vorous propositions under discussion ana uere
,,.r. MANY auditors besides in the senate galleries.
Mr. Mor1Ills voice is not strong but WIN u'o peo'
order preserved while he spoke. II c0uid DC heau u
tinctly all over the chamber. host oi uio hia''oi' "
$50 ra road from notes but many OF the passages
oro del,vercd with marked freedom and effectiveness
Tho Vermont senator spoke for ABOUT ior'S minutes
A. vor.,rs nosition on the silver question reflects
ro,,y accurately perhaps, the general sentiment oil
rho penublican side Of the Chamber lie Is not ho'
Tile 10 the use Of silver. nor woHd nc oo'eoV W I"
measure which would give an enlarged c"ou'a''o" VI
certificates or other currency baseh ON oePos"s VA
huIon Eut lie hcsiiates 20 disturb the present con
acton of the country's finances by extreme ana Nasty
,ts,oion along the line Of cheaper currency In inc
t,eo coinage Of silver he sees only an unconsider'd
oh.,,a of imitation, which would result IN deprc-
catcd standard o. money and DISASTROUS seNc'""'o
~ the relations of the United states WIN inc N'' q"
tho commercial world. All these points ne e'i'r''n
with great ease and skin, and with an abundance u"
,,tration and of crisp and cpgrammatlc critlcsmS'
~ ae warmly congratulated when he finished. espc
iauv hy his colleagues on the Finance COMMITTEE.
vr Morrill, said there had been 30 much mnal'o'
- Li..orv In some of the speeches made OH inc bu
that IL would be we'll for somebody 10 pNh''"'c H.
and he sboud attempt 10 do his humble part III that
work The debate had been opened by the senator
from Nevada (Mr. jones' IN sP'c'uN ~ - "
which that senator had made no argument IN It's 81
holf lie had cnt loose from terra hrina ana nan
so,rcd in the air OF Hat money That senator Wa .
-or,,s. Wa magnetic: and they all ikea OIL" -Hh"
cvcn his fables in which he was rival "' Ia -"
tainc He MIR Morrill, had been in favor 81 douOn"t
the Amount Of silver bullion purchased ana ""'
h.e, IN hct. DESTROYS Of doing almost anything III
that direction except abandoning absolutely ana i
o,.r ,hc hi metallic standards of money hut 'he
=. -, ., ,hc new silver gospel not easily sat
fill
i.eod They demanded The coinagc Of all the silver
a, IN. o.,ense of the Government They ais" "Ah'eu
Tho T,~asurv notes or certificates u be legal '"uo
for all debts public and private lhcH "''' N"'
tho Treasury reserve 10 be cut down !" zen 'n''''o"
and tho hundred millions Of gold now he1i Tor Inv
REDEEM ption Of legal tender notes 70 De '"H''' ."
Gfy millions. ~ .,-o ,.o- Wanted
TOGO coinage for ali the American silver ana f'F All
nat rni,ht be brought into the United states h''"
ucxi,o or any other country. The cost oil ''''''e
u,o- tabout > per cent? 10 be borne hy TIE "'N
eminent and the dcpo,itors 81 SILVER "N4''" VIZ "
cci,. al tie difference ~ value between "!l"" anu
standard dol!als. That was the I''' U" VIM" '"-
SCI, VA invited by the distinguished senators no."
,.,,,rodo and Nevada neller and Jones. The wage
o,rners of the Un.tcd states were u be oouh'e' %
,,,-,o,s and wcro the most numoous creditor 'b'''
NJ the couufry and he believed the largest 10 amount
II WAS that class that 1t was now pIoP''"l ." pa,
,a IN cheaper or in Deprecated standard money anu
4, require 10 pay higher prices FOX any thns th' ""'
10 buv Couid there he aGythine. DE- h'"''' "'''
lcly In all parts Of tho country 81 an ''''' "''' ~
provoke strikes for higher wages 9'N'' "''''
tolerate no rival near the throne. As I" the '''F'
If tc publc and private ndcbtcdncs' % the country
hc Mr. Morrill, had uo i;th iu them. ana h' ''''N'
that if the correct figures woud be obtained IT "oHia
he found that tho iudcitednc-, per capita WAS "'''
less than In 1850 lie believed that by WISE ahd
moderate legislation a sufficient amount OF s''N''
might be utilized. and yet "a himeiHl4ic s'""""'N w
e did not want to have the United state, divorced
from tho CONNER ai |"tI' u, , t,." d.ate relr
Tram parent design VA ,"ny ilh!f h'N'nPc' 49,
concealed to 60 b. sintG ' nav, ~, ..n.e
standard. be preferred that That stAnluN sU''i"
gold rather than silver. lie "onIl' "p"'.,', 4np y,
lave both maintained. and with the exception tAht'
Win liberal Increase OF silver ana WIN goa man
accment the part Of thc Treasury pepai'm,n,, tn,
rftA 10 trgN ed
= good deal and gold rrccdlug somewhat IN Nhlu'.
As 10 the obloquy frequently attempted to be thrown
lion Of silver coinage. there was no reason whatever
in It. because at that tine silver dollar Wa ~.r, a
Of silver had been causcd not BY that ar' pm party
because Of the demonstration % s'cr Ia EnIOe .h
world The United state, had been cola'ng -il''I
dollars At Tho rate Of Two millions .m mq cIr s5c
ton. And yet, result. there had been IN clrcuia
ton in seP'f fs tbr aeo 3ca SH Scfe or "
Nj Morrill, went on 10 argue against the proposition
TO issue egaltendcr Treasury notes dn exchange for
fact that Nj. Chase, q ,ef Justice, had qikc
another Brtus) sacrificed his own child Inc original
legal tender law 10 the safety Of the Republic and 10
The statement by Charles sumner who had sustained
that measure that the extreme medicine II the Con
conclusion he said that he was not quite cady luch
as he respected and admired The great ability Of the
theories 10 give his consent 10 them. In dchanc.
Of all the teachings OF Jefferson Hamilton, Marshall.
sad dav for the country when the highest authorities
on constitutional questions longer needed
revercnced.
Senator Harris. another member Of the Finance
Committee spoke latcr ~ the afternoon lie favored
free coinage but aid In would gladly accept tho
Jones bill in lien Of the present law. lie also made
some criticisms the Farmers Alliance schemes re
Gently brought prominently before Congress
Mr.. Harris aIcd the various pending PROPOSE
tlons and said that he shOnd vote for the free coinage
Of silver and If he failed in securing that, he should
support the nearest approximation - II that he gt
be able secure. II he forced 10 decide between
the til reported hy the Finance Committee and
the legislation OF 1873 for the coinage of AT least
- 600 900 silver dollars month"; he should vote for
the committees bill believing that many Of the crit
cl-ms made upOn il neither Just nor true. lie
hoped that he would secure free coinage. Falling IN
that he preferred ia take tn" bill authorizing the nr
chase of fnnr and "A half millions OF silver month
rather than the present law with It's monthly two
millions coined silver. because IL would Increase tho
volume Of circulation by two and half million dol
lars a month. ,
At the close OF Mr. Harris's speech the Silver bill
went over till to morrow.
A CITNNGE IN THE PLUMB-sT. JOHN BILL.