The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-06-17

| FWeW. WNTB IWOTG IIHN IUW,UUU,TTTU
which silver certificates had been issued 50
i a'h2qEh Snts9 dollars t 6Sl1nGSn 10 sEs
/ payable for pubic cues. and when they were
received into !le9 Treasury they belonged q &c TO
/ ;he Government would nlwaSs huNo q working
balance .sutlicent TO redeem those Treasury
notes. Ito believed that tins only saic way TO
rehHbilitaie silver was To secure con-
cQrreat agreement among the nations
/ Whereby they would oreu their miHts concur;
ICntly t. tho free coinage of silver nj an agreed
RAJ" So believing. he wa willing 10 go On US us
wj WIZ Mt rsian Tor the the % OF siyei pending
neg pta'loEs that ought 10 be had Tor the res
tmntlon Il silver on somo agreed rate 9y tho
nations OF the world In supporting the bill lie
supported It on the basc idea that the 'overn-
mcmi OF tho .nitcl states would uso its power
+ in pndsaN OriuE to secure mn agreement WH"re,
BY All tho e, Numerical nations OF INC Wor u
would use silver rs gold was now used at rate
measure aLd tho unanmity with which II WIS
tum or,ed 20 g9mlinte Iustiiica,iTh %. 'n q
minimum monthly coinage OF 2nOnOUO silver
dollars and n maximum OF i,OlnOoO. 4,
Mr EusI nIuited wnS,1e gdr ' sysr Coinage
would be promoted by the pending law which
would ,dcnonetize silver ,,,. ,,u0r,r,
tho question. pleading the 9hortness OF time
before the close OF general debate.
Objection TO the extension OF the time for gen
eral debate. There wore at lenst two more
Mr. Wilson III th . replied t" Mr. Enstss ques
| ton 10 the effect that there was no domonetiZa-
ton OF silver proposed in the pending LilI. Its
nrovlsions in that respect were the same rs in
tho act OF 1873, except that mo bending mea 1,
ure nToyided Tor the monthy purchase IRE, 81 nan
authorized BY the act o. 1873 did. Therefore
there was nothing In tito Justify the state,
| ment that the PENDING measure demonetiHod
Per centra tho bill would disclose TO foreign
| nations that the United states was holding
bullion in increased quantity. taking its share
of responsibility during the intervening years
| open mintage OF silver as of gold. Tho United
states could say TO foreign nations that 1t had
OF sixteen to one. in order that on agreement
might DO made for n ratio. SO that American
dollars would circulate through all commercial
That was his theory as respected the bill
He believed that in supporting It be was acting
not only in the interest OF silver but in the in
S oyed Ia be- DID, that the affairs Of the world
could not be conducted on tho single basis OF
gold. The contest was between those who
sought to destroy and outlaw silver and those
and complete restoration OF silver as one OF the
coin metals OF tnG world anu was , wing 70 40
Girabe object. lie could not vote Tor the tree
coinage OF silver at this time or ut any time n
every effort to secure tho use of silver by the
commercial nations of the world was en-
sir. Vest commented on a remark OF Mr.. Al
lison rs to the now born zeal OF Democratic
senators IN the cause OF ITto COllllEb VI
and ma,o u statement to show that that had
always beon the democratic policy: lie read
resolution which he had offered IN the Sen.
silver and which had boon. on Mr.. Allison's
motion and by the vote Of Republican ma
where it had been buried beyond resurrection.
Mr. ,AIlison-That was IN 1879: but where
four years OF Mr.. Clevelnnds administration
that he did not again introduce his resolution ?
Mr. vest-l was lighting the Republican
Mr. Alison-As usual, but not in the same
Sir. Eustis. referring to Mr.. Alllson's remark
as TO an international agreement about silver. |
said that il England were a necessary pnrty to !
OF silver might MS well be postponed till ludG- !
mcnt day. lie read the silver plank from the |
asked 10y Mr.. Aldrich to read the plank on the |
same subject from the Democratic platiorm. |
Mr.. Eus;is-1 havoi not it with me. Laugh |
iir. Edmunds-1s it not in tho book which
you have in your hand;
Mr. Eustis-Perhaps it Is. have not exam
Mr. Vest remarked that il the Democratic
party said nothing on the silver question in its ,
platform Of 1883 it was not because 1t had re- |
coded from the position which i had al ways |
an Eastern man a New York man. who did not
symrnthlze with the majority OF MS party On |
Presidency imhued wit the preJndices OF the
New York bankers. and was III one sense las
far ms his opinion on silver was concerned
that Mr. Cleveland was better informed on the
subject. and was in sympathy with the peop!e
81 me GHat nre anu VI 'ne n"'or' VI 'ne
Mr. Vest declared that on the silver question
there was no middle ground: that silver must
~ nut ~. .iie orpd M as Su b h tans
them SO long as the coinage OF silver was
Mr. Teller. in response to Mr.. Allison's state
he undertaEon now controversial that nosition
and made an argument TO the contrary.
MIR Morrill, called attention to the fact that
the limit fixed Tor general debate had been eX-
ceGded Gy near yitwo hours.
Mr. Hale gave notice that hereafter he would
object to any further extension OF time beyond
I he flvo minutes allowed TO Senators on each