The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-07-10
THE FIFTY-FIRST CONGRESS.
OPPOSITION 10 THE COMPROMISE
SILVER BILL IN THE SENATE

The Samoan agreement Criticised In th e
Tuouae-DemoorHtsP Prevent the Adoption
orth Conference Report on tho Diplo-
mntIe Mn because tho Speaker Was
Unable to Count IL Quorum.
WASHINGTON. July o.-In tho Senate to-day
the presiding oiIlcer tMr. Ingalls, announced
his signature 90 tho bill for tho admission OF
Wyoming as State. The bill now goes TO tie
President for his signature.
The sundry Civil Appropriation bill was ro-
ported, and Mr.. Allison REV, Iowa said that
he would ask for its consideration tomorrow.
Tho consider alton Of tho conference report on
the Silver bill was resumed, and MIR. Cockrcll
(Dem,, Mo- continued his argument against
the report. 10 criticised the last clause al the
section OF tho conference bill, and said that the
language therein used Indicated preference
for single gold standard. Tho Secretary OF
the Treasury would SO interpret 1t. Until
parity between the metals was established tho
preference would DO given gold. and tho legal
tondcr notes would be redeemed In Z Id. That
was tho mos. dangerous power ever vested
by law In Secretary OF tho Treasury
This conference report Is intended rs u bold
declaration that tho country Is stu on the sin
gle gold standard, and that in the redemption
of these notes gold must be used. The Secre-
part with every dollar Of gold, and can lock up
in the vaults OF the Treasury every silver dollar.
That is tho most dangerous power over given to
q Secretary OF the Treasury since the lounda-
ton OF the Government
Mr.. platt rep. Coun.l-Does the Senator
mean to say that he would not give to the Soc
rotary OF the Treasury discretion as to which
MIR. Cockrell-l certainly would give him that
discretion. LIQUID say, rodeemabio IN coin"
NE =" is ' true " but the2e IS With
1t jeclara. ion which is the fatal thing and
that is that the gold standard still exists and
MIR. CocErell then took UP the third section OF
the conference bill and entered his most
Inc nrRcticaI cessation Of sIyer conSse Rfisr
Mr.. Jones Rep, Nov, THAT is all we want
Mr.. Cockrell-In other words, the distin-
abandon the double standard, to make silver
tell the PEOPLE of the country that he has done
something for them in the restoration Of the
double standard. He is willing to make silver
tobacco and hemp and wheat and OATS and
bacon and lard. He favors the D Ian of the
Farmers Alliance to establish warehouses for
the storage OF silver in connection with other
commodities. That Is treadIng on dangerous
ground. This comrromise, this conference
Mr., Cookrell then turned his attention to an
official organ: he said, OF the Republican party,
and which fully confirmed all that he had con-
in tbe ee vars 70 the seet 5 i 6efs
should be an attempt to force up the price OF
silver. none might be offered; and, In that
case. none might be purchased Tor the month.
This was the lenGuaGe. he said, Of the
c o5gan OF thO gold moRometalsts Of the
senasor from n2ES1 au n' onos YOU'D
upon it, and see how completely he had
IA IN Df iphf ~,
silver. Mr.. Cockiel read n other sentence rom
the article TO the effect that the provision for
had been struck out Of the conference bill, and
that that was an important gain.
NO free coinage abon, that bill" was Mr.
a scinulla OF 1t. 1t is the decentralization Of
silver, absolute and unqualified. challenge
direction OF tree coinage OF silver And yet
the great champion o; silver Mr.. Jones of Ne
fuse and surrender OF every pr ncirie invoIVed
In the Senate bill. This bill in my Judgment,
Is t. intiniIe!y worse than the present Inv. Thsre
passed the senate. and which believe. If the
conferences report be rejected. viii yot pass the
and let US tell the House thar we will ins st on
the bill as 1t passed the senate. and the House
Mr.. Daniel GDem. Va said he did not agree
with some OF tho criticisms on tho language OF
the conference bill. He took, 1t that the clause
1t appeared ut tho first blush to signify, and he
ask ed Mr.. Sherman II that was not It's intent
Mr. Sherman said that the view of the con-
ference committee. was that the Sec. etary OF
the Treasury would be hound to buy four and
market price and that his failure to do SO
would DO breach Of public duty
Mr.; Dame, reeoGnt2ed that that was the plain
English OF the provision, aud said tina, waie
the language was r Little different from what
had been USED in Other bills. it WAS not diller;
greatly increase the volume OF currency but
yet he wa not pIeraEed TO vote for it. There
Silver had, however. won the battle. Silver
had never held such advantage ground as it
now held. There was no more doubt thai ih,
a Tree coinage bill on the statute book than
there Their was that bI, the hands would continue to
would bring forth another.
:, Mr.. Danie went. on 10 speak Of Republican
Senators being attrlghted from the assertion
would not conJure them 10 take any step !
which he himself would not take II he were in
renroach them II they receded from their DO
sition before the apprehension OF Executive !
and q ars hsG RR to
and know what was no great power and in
fluence q the executive branch Of, the G"yein.
II driven to ii, but he did not want TO die on a
triumphant lGatcn OF Executive sunstroke. |
than the President Of the United states,
whether the Presidents name were BENJAMIN |
II harrison or Grover Cleveland ald II was never |
going to o won ia5 II ought TO bel !
until the Senate WAS as great rs the question, |
The Senate and the House ought never to give !
M tho vantage ground which silver had |
gained. but you'd reply to those who opposed |
Il ~ tho gallant officer replied to the demand |
for his suirCnu r. Come and take NO." He |
OBJ ected to he conference bill because its /
tendency was not to preserve a gold standard |
Of value hut 10 create one. 1t played into tho (
hands o! those wno bulus aStute in tho use OF ,
words useG them according 10 tho allcyrand ,
idea, Tor tho purpose OF concealing thoughts. /
silver was, under the conference nill, "a be
purchased at comm rdity value. aud silver
bullion was not to be given II money value. /
Ho said to the friends o! silver that il they TODD
up TO tho fight they could win il. ana II thUy .
ran away from II thny would lose II. ltIAoy /
believed In tho free coinage OF silver ias hedidl |
hey should stnrd by tho, senate bill and let I
he President OF the United States take care Il
himself. Much as bo luycl the uomocratic |
party. he would rather SEQ Repu 5ican rresi-
lont with Il financial system that would give
-eliet TO the Whole Ieople than SEQ II Demo
,ratic President treating ont ana crushing
Town 0s PreSi tents had done those great as
lirations OF tho American heart which asked
or freer atmosphere and fuller play 10 their
energies their homes. their enterpIi-e, and
heir ambition. He would have the confer.
nee report re!ected and ii possible haze tho
senate bill tor q bin framed upon IL lines
PASSED and sent to he President. II the Ircs-
dent should veto 1t. Congress should tion try