Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1891-01-07

of the alleged silver pool. The pending bill was
not brought forward in the interest of the silver
States. If the twelve millions of silvsr were in
the hands OF the miners of Colorado there
would not have been any anxiety to buy it up.
| 1t was in the hands of political and financial
circles in New York, and that was the reason
why there was so much anxiety about it in GER
| tain quarters. The proposition had come from
| New York and not from the silver States. They
were Indifferent about it and they were indit-
fetent to the price OF silver, as single question.
| They had some interest," of course, in putting up
| the price of gold, or any other commodity
| which they produced, but their great interest
in the question was that silver should be used as
| money. He was opposed to the fourth section
| OF the bilNwhich provides for the issue of two
| hundred million per cent. bonds. 1t was,
| Teller asserted, in the interest of two classes
| only-the silver spectators of New York and
I the bankers of the country. Il absolutely lg.
| nored the people OF the United States and their
demands for more money. He alluded to the
| Silver Act of the last session as a mere make
SHIFT, and said there was but one sure method
and that was free coinage of silver.
| sherman said he would al some future time
! reply TO some of Tellers observations but he
| did not care TO do so now.
Morrill, then adore ssed the Senate. In view
Of the late financial panic in New York, and OF
| the rather popular demand for some increase of
currency. he had been willing TO stretch a point
IN order to keep step with the Senators of Colo
RADIO and Nevada But appetite grew by what it
| was fed upon. 1t had not been enough to assent
without whimper 10 the purchase of Si2G0),-
| COO worth of foreign silver, supposed to be in
the hands of SPECTATORS, nor to assent TO the
| provision for the issue of Treasury notes to the
extent OF $4,000 900 to purchase silver bullion
! but it was proposed, whenever the market price
OF silver bullion should be a dollar or over for
3ll14 grains of pure silver that the purchase OF
silver should cease, and that the free coinage OF
silver should take place. And yet all these pro-
positions, tipped with silver, promised Nor
| rill said no fnality, but were to "stretcil
out to the crack of DOOM He was
and ever had been, sincerely and heartily dis
posed TO support any fair aud reasonable mea-
| sure tending TO advance the market value OF
| silver, but it appeared to him that his silver
| friends were asking too much, and he had to
halt before plunging into the shoreless and bot
| tomless sea. One OF the most potent instru-
mentalities in the march of civilization was the
honest and unalterable standard of money
| Vest argued in favor of the free coinage of
silver. He replied to Morrill,, and IN the course
| of his remarks he alluded to the statement that
| he had received letter from eS-President
Cleveland recanling some of his views on the
silver question, as not having the slightest
| foundation. All that he Vest had ever said
was that he had reason to believe that Cleve-
| land had, after further examination, modified
to some extent his opinion in regard to the free
coinage OF silver. AS to the alleged combina-
| ton between the Democratic Senators and sill
| yer Senators he denied its existence.
At the close OF Vests remarks the Senate
went into executive session, and soon ad-
journed.
IN THE HOUSE.
was passed for the relief of the suIeties of
George W. Hook of California.
House bill repeating the law authorizing the
President to suspend tonnage dues was passed.
Farquehar moved that the House go into
Committee of the Whole for the consideration
of the shipping bill.
Springer moved as an amendment that the
committee consider the options bill. Rejected
| l0l TO &c
Farquehars motion was agreed to-1l7 to 90
Wheeler of Alabama opposed the measure be-
cause it took still more from the hard earned
| money of the farmers and laborers. The Re-
publicans, almost to a man, had just voted
against taking up the options bill, and among
| the negative votes was found the name OF the
author of that measure, Butterworth.
Butterworth inquired whether the Democrats
| voted to take up the options bill for any other
purpose than to defeat the pending measure.
Wheeler responded that the Democrats always
voted in the interests of the country. He con-
tended that every effort heretofore made 10
build up shipping had exactly the opposite
results to what had been expected.
Herbert of Alabama spoke at length against
| the bill, and pending his remarks the commit
| tee rose, and the House adjourned.