Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-07-09
SENATE AND HOUSE.
The Conference Report on She silver Bill
Johnny Davenport Sore.

WAaH1NcToS. ID. c.. July s.-The Senate
Joint resolution directing that the names
%. sharp-sho0tors and military institution
medal -ts De- Inscribed ln the Army Regis
ter and authorizing the wearing of deco
TttIou- hy slnn mcdl.l~t5 was reported
back adversely and indefinitely postponed.
VEST oS TIE .LyfR BILL.
The conference report on the silver bill
wa. taken up and Nh. Vest stated the rea-
Sons Whg ie should vote against the re-
port s large majority of tho senate had
voted, he said. for free coinage of sllyer.
tu, che conference report absolutely did
away with all idea Of free coinage and con-
tuleI aud was intended % continue sys-
t.m under which silver had been persist
entity degraded since 1873. He was anxious
tu SEQ absolute parity between the metals
as money metals. lie would like 10 see the
time when sixteen ounces OF silver would
purchase au ounce ot gold, and when an
uuuc. az gold would continue. rs al pres
rtt. tp purchase sixteen ounces OF SILVER.
u. read the closing clause Of the second
section off the conference bill" II beng
the estatil he'd policy Of the United states
to ing.ltUuthe two metals on q parity with
each other upon the present legal ratio, or
tucl ratio as may be provided 10y law ~
and asked why that declaration had been
il.ertedt why that stump-speech had
been injected into the stomach OF the bill
InE sICsu-spEEcH IL THE BILL.
JIG had been put in be said for the pur-
pose OF saving 10 the Treasury Department
that until silver comes 90 q parity with
gold it should pay out gold. and the public
hu4I.ss should be conducted on gold
basis. he for one would never vote TO
maintain aud continue that practice. He
bal never been silver man Tor the
purpose of booming silver or OF increasing
lts prlce. He was against that ana all other
forms of subsidy. The conference bill
might give an increased market Tor silver,
lui the principle for which the Senate
Noted--that the two metals should be on a
ranty-had been given away IN that bill
absolutely and completely.
ADR. COEK AGEKEs WITH Mr.. VEST.
Mr Coke expressed his concurrence in
TIE conclusion reached by Mr.. Vest. He
could not support the conference bill.
The Senate cOnforrees had not repre-
selted the will OF the Senate, which had
heen declared for free and unlimited CON,
az Of silver. On the contrary they mad
assentei 20 "a bill which provided definitely
Tor cessation Of further coinage OF SILVER
az az There was no compulslon on the
Secretary of the Treasury 20 coin silver
alter Ihc Isl Of July, 1891. Silver coinage
HAf AtNu l'At 10 lUt HiSiIfAAob VI w
Secretary, aud such discretion was equal
g. stopping the coinage OF silver. That
was a fact well known and admitted in the
debate. lie was opposed to the buying OF
d single ounce OF silver that was not 10 be
coined lie was opposed 20 the United
States going into the warehouse business
for silver OF for any other product II sill
yer WAS not 10 be coined why should II DO
pufchasedY
aH. SHERMAN DEFENDS THE CONFERENCE RE-
pORI.
Mr. Sherman defended and explained the
conference report. A question had arisen
In the conference committee, be said,
whether the two houses could DO brought
- an agreement on the two bills passed by
them respectively. In the first section OF
the conference bill the language Of the first
section Of the House bill bad been retained
somewhat, but the amount OF SILVER 70 be
purchased bad been increased. Much To
his regret II had been liked ut Larger