New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-11
IS. and three Democratic senators

cold hlooded assassination of the silver dollar. III
had been presided over by the same Senator whose
hand was to be seen in the Conference Dill q ph
which was total departure from the action Oh oo'h
the House and the Senate and was as essentially new
as II 1t had been novel written by the SENATOR io"
Ohio within the last five days. Mr. Morgan went on
to speak of legislation on all important matters being
now entirely controlled by conference committees
committees of arbitration, whose proceedings wefo
secret: so that IL such committee were b1bed 10
the extent of 800 900 O0o Senator would be per-
mitted to find 1t out.
Mr.. Allison remarked that there was no necessary
secrecy about conference committees. Ihey "ero
public committees.
Mr. Morgan replied that in this very discussion MI
Sherman had declined to answer question as W pro
ceedings in the conference commt'ee on '''' s'o""
that such proceedings were secret.
Mr. sherman said he had never denied 10 me
Senate any information to what TOOK pace Ill oo'
ference He had been asked what particular conieoo
hsd offered a particular proposition; ana nc nau i0'
that he was not at liberty to answer such Questio
he had been asked who voted for 1t he should hs's
,tated the exact fact but 10 disclosing converse
ton In committee that would be departure not oiiy
nom parliamentary propriety, but from gentemahiy
proprety. A.. .on
Mr.. Morgan resumed his argument against inc oo'
ference hill The legal effect OF the DILL nc so' VIC"
plain 1t was that the moment the price VI sii.er
was forced up 10 81 Ia Sr"nS Ao'
coinage Of silver ceased.
The ,,os,ion taken nv Mr. Morgan controverted
nv Mr. Farwell and Mr.. Jones, Of Nevada, ana
discussion was carried on between tbehl as W "''
effect of the bill upon the currency Oh inc cou@'
In the course of the discussion Mr. Jones asheu "h'
a gold dollar would perform for farmer winch paper
dollar would not perform as WELL ard MI. Morgan
said that the question showed that he nad suucA
fat money man, Mr.. Morgan spoke for three hours'
and closed with an appeal to Senator'S not 10 aio"
the senator from Ohio (Mr Sherman) to thrust MS
suletto again into silver.
He was followed by Mr. Call, who also argued against
tho conference bill, suggesting that it was only
variation Of the Farmers Alliance Warehouse DILL
Mr. Plumb said that in the particulars which ne
regarded s essential the bill was comparatively unob-
ectionable-supposing always that compromise hao
10 be made He had been surprised TO ma Iia', III
regard to the free coinage OF silver tfc oohac a"
been more advanced than the House. Inc conie'oi0o
bill would give to the country as much money uuims
the next year as the free coinage of silver would give
Under the conference BILL 800 900 ounces OF silver
urah be purchased monthly and Treasury notes Issued
for it, That would be great advantage over 1he
present rule of coming not less than 2oooooo sVo
dollars per month. The amount OF Ieas'r! no'ee
now issued at the present price OF silver was aoa'
1000 900; under the conference bill IL coud hoI %
less than SdO,OOO,OOo, and would prooapiy 10
$40, 900 900. That was an important GAM
Mr. vanoe-How long will that last!
Mr. Pumb-Just as long silver is produced ana as
the act remains the statute book
Mr. Vance-Does not the act provide that tie co"asc
of silver will after July, 1871
Mr.. Pumb-Yes, but the question OF coinage anu
that of the issue of silver certificates are two separate
and independent propositions The essential feature Oh
the conference bill is the first section Oh H. oreo"ne
the purchase of 45OOOO0 ounces of silver every
month I do not find anything din the Dill WHICH
discredits silver. 1t now stands II we hau oeen
having free coinage; if silver had peeh equai Win
gold and if wee now proposing 10 MAKE ~ soii'0'
thing else and less, that would be diiereht lmhs'
The bill is a long step in the right direction, much
longer step than the act Of 1875 Ill reference W
the conditions then prevailing; longer step, because
of the increased amount of Treasury notes that Will De
issued under it, shall vote for the conference DILL re-
pr,ttng that IL is bet Immensely gai tat IL Is io
worse II is 80 r cent be ter than anything expected
to get when learned the result in the House Oh hepre
sentatives. 1t is fair compromise.
Mr. Vance-It is admitted that the bill Is not what
IL ought "a be- Common sense would dictate then,
that we try to make it what it ought to be. We
proposed bill for the benefit OF the people we are
now about to pass for the beneht OF the hnhefs
and dealers in silver bullion That is the difference
between the two bills.
Mr. Vance went on to argue that the bill would not
result in an increase of the currency, nasmuch as the
"a 900 or 1000 900 of Treasury notes issued each
month dor silver would be presented at the Treasury
and exchanged for gold coin, and would then Dc USED
for the next months purchase, and so on
This suggestion of Mr.. Vance's was controveited
by Mr. ALISON vino reminded him that the BIZ PROVIDED
that the amount OF Treasury notes outstanding shall
be neither more less then the amount paid foi
silver o.,, uo,. 60. .,o oo,,or
ence BILL because he thought it different from free
coinage night from day and because ne feared
that its rejection might result in the passage Of free
coinage bill. In the course of his remarks Mr. Dolph
referred satiricay 70 the change Of views OF senators
who had voted for free coinage ana VINO now Favored
the conference bill.
Mr. Teller resented this allusion 70 himself and
Others and said that he had noticed that the people
who were the fearful OF financial legislation were
those who were most ignorant Of the subject; uou
that there was no chance freeconage bill at this
session That Senator s Sa %
the side Of the men who, by their system OF finances
had h and @ h by Ct the sSat n
had been such eShiSi,ion the go, Continent q
lie (Mr. Teller had been afraid Of an Executive
his bosom the hope that he or that the country had
got rid OF the free coinage Question 1t would be here
Mitchell ssd at he had i voted se for Mr.
Free Coinage amendment because lie favored IT, and
voted against it, he would have felt bound to apollo
gize to his State for such vote In the shape OF
not get the bill which he desired he would give to the
Conference bill his earnest aid unqualified support
Mir. Blair expressed the idea that man should
stand up and take his medicine checrfulIy: After
listening to one Senator from oregon (Nr. Dolph who
Senator from Oregon (Mr. MITCHELL, who found In II
free coinage, and to the senator from kansas tMr.
Plumb who was satisfied that 1t was free coinage
BILL and TO the Senator from Colorado tMr. Teller.
who not satisfied with 1t precisely, he Nr Blalrl
thought he would vote for 1t but he gave notice that
under no circumstances would he, here or elsewhere,
give single reason for so doing. daughter and a
Complimentary remark from Mr.. Edmunds. that that
was the best speech which had been made on tho
subject)
\ The vote was then taken, and the conference re-
port agreed to.
PLAN FOR ITS DETERMINATION BY AN IN