The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-06
In the Senate.
WASHINGTON, June 5.-The silver bill
was taken up.

WASHINGTON, June 5.-The silver bill
was taken up.
Hlscock addressed the Senate on the
proposition of free coinage. He believed
a majority OF the people opposed opening
the mlnts to free coinage The national
conventions of both political parties would
by decisive majorities repudiate such pro-
position.
Sherman addressed the Senate. He had
he said, consented to the increase of circn,
latlon proposed in the bill 10 So, 600. 900 a
year He believed that treasury notes
based on silver bullion would be as safe a
substitute for paper money as could he
conceived. He did not fear to give to those
treasury notes every sanction and value
tnat the United States could confer He
did not object to their being made lecal
tedder for all debts, public and private
mat was far preferable to the free coinage
OF silver, beca Use, with all the efforts made
10 get the silver dollars into circulation
there was not one Of them in circulation
Tor every lnhabitant. Passing to the cues
ton OF the characterization silver in 1874
sherman declared that at that time the sill
yer dollar was the image of thepast. lost In
sight and memory and ignored by two gen
eratlooS, except as convenience for the
expectation of silver bullion 1t was no
wonder the Senator from Nevada (SteWart)
qua not know silver was demonetized when
he voted for the bill; the only wonder was
he knew of its existence The bill was
PUBLICLY discussed two or three years ago.
ana Its objects were well known years ago.
NO bill was ever more fully discussed than
that, and yet his friend, Morrill,. said
ne had voted against it because it discon-
tlnued the charges for coinage They were
consututlonally denounced as consnira
tors while the Senators from the Pacific
coast, all OF whom voted forit, posed as vic
TINS. He had thoughtit necessary he said.
IN closing the subject, to trace down a lie
not only for himself but for all others en-
gagged IN that legislation. Coming back to
the question of the bill, he said the result
OF Tree coinage would be 10 demonetize
gold and cause gold to be boarded or ex
ported. The free coinage of silver would |
be a reversal OF the established policy of |
the government from the beginning II |
would limit the coinage to a single |
metal, and that silver. AS sure
as late, silver would. with free coinage. be
the only standard of money in the United |
States The pound sterling would be worth
go, instead OF s4.S2, and the American dol
lar would be. as in colonial times, worth
three English shillings or four francs. In
conclusion, Sherman said he would vote
1or any measure that would. in his judg-
ment, secure and maintain the bi-metallic
standard. one that would not demonetize
gold nor cause it to be boarded or exported
but that would establish both gold and sill
yer as common standard, at a fixed ratio.
not only in the United States. but in ali
nations of the world
Teller congratulated himself and the
country that the mask was torn off the
faces OF the so-called silver party which
nau paradeo before the Senate finance com
mittees. If there was anv onee-
ton as to the attitude of the distinguished
from Ohio, before he got up. no
one VINO listened to him could doubt it now.
he (oherman) was for high standard
and that standard gold. He was for the
aoandonment OF silver as money metal.
leaving IL 70 be used only as subsidiary d
com. he (Ieller) welcomed the issue
Stewart gave from his point of view a
resume of the legislative proceeding which
IN the decentralization of the silver
dollar IN 1913 He declared the amend
nent that demonetized silver was never
read in either house
Sherman produced the original bill of
1913, from the files of the Senate. to show
not only was the amendment read and
'ooea on ID the Senate, but was amended
1n MS (Sherman's) motion and when the
conference committee considered the dis
outed section is was again amended in
conference -
Stewart persisted in his assertion that
NE amendn ent had not been read and ar
yued. :"
Aldrich said not only had Stewart voted
IN the amendment, but he had equally
'poken about two sections of the bill, one
u which prohibited any silver coinage but
la1 dollars, quarters and dimes, and the
ther OF which provided that no deposits
hould be received for silver coinage. How
'ould the Senator say that he did not know ,
liver was to be demonetized. The silver ,
'hl then went over without action. .
The Senate bills granting pensions of so
mouth to the widow of Rear Admiral
Jona3ason and to the widow of Commander
of the Kearsarge, passed. Also
be Senate bill to authorize the construc
ion of bridge across the Columbia river :
y the Oregon Railway Extention com
any. Adjourned