Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-01-13
THE TALK ON SILVER.


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too~aissed from Fist Pdgel
he could take to the mint silver bullion (cost-
ing less in the markets Of the world) and re-
ceive treasury notes, legal tender for all debts:
CATEGORICAL QUESTIONS.
Mr.. Teller--H the mint were open 10 the re-
ceptiou and coinage of silver would there be
any bullion to buy?
Mr.. Sherman-Yes; 1t would be brought here
from abroad. 1t would be supplied out of the
IS. 800, 200 900 worth that Is in sight. Why mott
Mr.. Sherman then passed to q review Of the
legislation Of 1873 in connection with the Bland
and Allison bill.
He had said heretofore that the free coinage
of silver meant the single standard Of silver.
and all that he then snid he now agreed to.
he had been called before q
committee of the Senate on that subject
he stated his belief that the Eland-Allison act
mot the Bland bill, but the act as it passed)
would be in aid of resumption. So far as he
now knew he had not said word against its
passage. 1t was true that President Hayes,
with that independence which always marked
him. having fears that even that act with its
limitations, might lead to the same result as
the bland BILL did veto it, but he Mr.. Sher-
many had not advised such a veto.
He had heard much stuff about what he had
done in that connection. He had heard it over
and over again without rising in his place or
saying word, because he had not wished to
say anything at all about what occurred be-
tween himself and the man whom he honored
as President of the United States.
Mr.. Teller here interposed remark on which
Mr.. Sherman's only comment was that the
Senator from Colorado was in the habit OF
showing himself as irritable as school master,
but that Senators were not children, and that
he (Mr. Sherman) had certainly passed the
period of infancy. [Laughter.l Mr.. Sherman
went on to speak of the workings of the
Bland-Allison act, and said that since
its passage $50 600 600 Of silver dollars had been
coined and maintained at par with gold, not
because Of the intrinsic value of the silver dol
lars but because of the credit of the govern
ment OF the great mass of bullion behind the
silver certificates, and of the provision that they
should be treated as money in their broadest
sense.
There had been enough to maintain that
great mass of silver coin up to the standard Of
gold, although the metal ont of which it was
made had been going down. day by day, in all
the markets Of the world. There was now in
the treasury 1920 600 600 of this coin. In spite of
all the efforts made by every person charged
with that duty not more than from fifty to
$1,000 900 silver dollars could even be got into
circulation. The people of the United States
were too much accustomed to the use OF paper
money to give it up, and 30 the silver dollars
had to be kept in the treasury and to be repre-
sented by certificates.
DID NOT OBJECT TO SILVER CERTIFICATES.
To that he had no objection. And when, last
session, it was proposed to adopt that same
policy by bill to increase the purchase of
silver bullion although he thought the amount
too large) he had heartily and cheerfully sup
ported. The principle, he said, was there
namely, the maintenance of the parity Of the
nv hn of In 4
whatever might be the market value Of the
buiiion). If the Bland bill had passed the
country would be today Mr. Sherman asserted)
on silver standard. But the Allison bill had
passed and the country was on what he thought
the gold standard. And yet the United States
used silver to a greater extent than any coun-
try, except France alone.
Mr.. Sherman then referred to the Latin
union and to the circumstances under which it
had been formed namely, to protect gold cir
cuiation and silver circulation alike.
Nominations by the President.
The President today sent to the Senate the
following nominations: Henry H. Swan, United
States district judge for the eastern district Of
Michigan. Robert E. Hannay, United States
attorney for the eastern district of Texas.
HOUSE.
The Speaker laid before the House bills for
public buildings at Akron, Ohio, and Pueblo.
Col, with Senate amendments, which were dis
agreed to and requests for conferences granted.
The same action was taken on a bill to provide
an additional associate justice Of the supreme
court of Arizona
The Senate amendment fixing the limit of
cost for public building at Davenport, Iowa,
at S1O0. 900 was agreed to.
Mr.. Mckinley (OhiO) asked unanimous con-
sent to take up Immediately the Senate bill to
revive the grade Of lieutenant general of the
army, but MIR. Cogswen (Mass.) objected.
On motion of Mr.. ONeill (Pa.) joint resolu-
ton was passed giving fifty additional copies
Of the eulogies on the late Samuel j. Randall
and VIM. P. Kelley to their widows.
THE ARMY APPROPRIATION BILL.
On motion Of Mr.. Cutcheon (Mich.) the
Dingley Of Maine in the chair on the army ap-
preparation bill
Mr.. Cutcheon withdrew his point of order
against Mr.. BANDS amendment providing that
no salary shall be paid by the United States to
military officers detailed to military colleges or
state institutions
Mr.. Breckinridge Ry.) opposed the adoption
army was too small to protect the government
in time OF war and that we must depend upon
the miiitia and young men trained in these col
leges; that it tended to popularize the army
and give it higher tone.
Mr.: Bland, speaking for his amendment, said
popuiarizatlon OF the army WAS all right in a
monarchy, but that the opposite idea should
prevail in republican government. which
should popularize love Of civil liberty. He
spoke against the growing tendency toward
associations formed on past military services.
In a republic there should be no distinction
between the military and persons in civil life.
Mr.. Cutcheon lMich.) opposed the amend
ment as practically repeal Of the existing law