The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-06-04
PUGH TALKS ON SILVER.
THE TARIFF RESPONSIBLE FOR THE
PRESENT BURDENS.

Money Has Never Been Too Plentiful
in This or ANY Other Country-The
Necessity for More Expansive Cur.
rency Apparent-Senstor Farwell in
Sympathy With the Objects of the
Bill.
WASHINGTON, June Sin the Senate
this afternoon the silver bill was taken up
and Mr.. Pugh addressed the Senate. His
speech was largely devoted to criticism of
the tariff bill. He saw in it with sadness an
attempt to satisfy the farmers and other
producers, and to induce them to believe
that they would find greater prosperity and
lighter burdens when the Mckinley bill be-
came a law, imposing duties as it did on
Canadian eggs. potatoes, barley, rye and
corn.
He referred to Mr.. Butterworth's speech
in the House exposing the Astounding
robbery" of the people by the copper coz
porations, and asked how it was that
the system which produced such monstrous
results could continue to receive the sane
tion of the great national party, that now
had possession of every branch Of the gov
ernment and had obtained the restoration of
its protective policy.
THE CAUSE OF DISCoNTENT.
Could free coinage of silver, he asked, or
any other remediable legislation, remove
the causes of discomfort. which pre-
vailed all over the country, SO
long as such q system of
tariff taxation absorbed the substance of
the peoples Nothing that could be gained
from greater volume Of currency would
enable the people to save any surplus from
their hard earnings. The able speeches
made In the Senate in favor of free coinage
had left him but little to say. The people
did not care SO much for the theories as they
did for the facts.
The enemies of silver used no weapons but
theories. Their arguments were always
based on theory, predictions, dogmatic
assertions. But silver, like truth when
crushed to earth, would rise again. For
himself, he was strongly In favor Of making
money plentiful.
MONEY NEVER TOO PLENTIFUL.
It had been a long time since the United
States had had anything like redundant
circulation. The people had never suffered
in any age or country in commerce, trade
or otherwise from having too much coined
money in circulation, or as the basis of cir
culation. There could be no depression of
the unit of the money value combined of
gold and silver 80 long as the unit was de-
clared by congress to have the value Of a
dollar. The only way that the ingenuity
of the shylock could devise to destroy
silver and gold as a Just measure of COM
merce and exchange, and as standard for
the fulfillment OF contracts was to separate
them and to make either a commodity.
That was the plan that had been resorted to
and put in execution in 1873 clandestinely
by the enemies Of silver.
RoME's FALL.
Mr.. Pugh quoted from the English finaf-
cier, Goschen, a statement that the fall of
the Roman empire was largely brought
about by lack of sufficient circulation of
money and the absence of an expansive cur
rency, and he said that the United States
was now confronted with great financial
phenomenon In the near future, he said,
the entire output of the American gold and
silver mines would be insufficient to meet
the demands of the increasing population
and wealth, and the United States might
soon be in the position Of the Roman empire,
when the debtor class would become clamor-
GUS for the relief laws made necessary by
the insufficiency of precious metals to fur
nish enough currency.
THE NECESSITY APPARENT,
The necessity for more expansive cur
ence could not be ignored by congress
That necessity could not be met by any
| legislation that came short of making
| available the entire supply of the American
| mines to secure p circulation sufficiently
expansive to meet the demands of the peo-
pie and to satisfy their reasonable and
| legitimate wants. He should, therefore,
| join his vote to the votes of those who were
| in favor of free, unlimited and compulsory
coinage of gold and silver bullion.
At the conclusion of Mr.. Pugh's speech
the silver bill was temporarily laid aside
and number of Senate bills were taken
from the calendar and passed. The most
important was one permitting bottling
houses to be connected with breweries by
piping. under the regulations set forth in
the BILL
FARwELL ON SILVER.
The silver bill was again taken up, and
Mr.. Farwell addressed the Senate. He
declared himself in full accord with the
purposes of the bill but said that he was in
favor of going still further. He would use
for money all the silver offered and not a
stipulated sum as provided for in the bills,
and he would coin it at its market value.
At the close of Mr.. Farwell's speech, the
silver bill was again laid aside.
FUNDS FOR FoRTIFIoATIoNs.