The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-06-01
CONGRESSIONAL,
NIX. SHERMAN MONOPOLlZES
THE ENTIRE SESSION
THE SENATE,
Thc Postomce Appropriation Riu
Discussed by Various Mem.
bers Of the House.
By Telegraph to the State Chronicle

By ltleSraph 10 the State Chronicle
WASHINGTON, May 81 Senate. ).-
After routine business Mr.. Sherman
took the floor and delivered a very
lengthy speech on the silver bill, dur
ing which Mr.. Teller asked Mr.. Sber.
man if he was in favor of the Bland
Allison bill, to which Mr.. Sherman
replied, "There is no Bland-Allison
bill; they took the Bland out of it
when they adopted the Allison amend.
ment. The Senator from Colorado
cannot compel me to give bad name
TO good measure" Continuing, Mr..
Sherman said that the free COINAGE Of
,llver could result in only two things
i would either bring the whole
mass of silver up to the standard Of
gold, at the ratio of l6 to |, or i,
would demonetise gold. Mr.. Teller re.
marked that the vast boards of silver
"n all the other nations of the EARTH
we're now doing its duty as money at
ratio higher than that stated by the
senator. Mr.. Sherman said if he di3
not succeed in convincing even the
senator from Colorado before he pot
through that these vast hordes were
watching our action and waiting to
come here, then he would give it
up. How could we maintain silver
It the ratio of 16 to except
by buying all the products not only of
the mines OF the United States, but of
all the mines in the world. We could
60 on buying and issueing our note,
TIL our debt was larger that it was at
the close of the war, but the collapse
would come at last. In reply to
question by Mr.. McPh .rson, of New
Jersey as to the effect OF the silver bull
hon purchasing law of 1890, which
McPherson call the fisherman act"
Mr. Sherman said with impressive
emphasis: There are possibilities in
the future in regard to that law, miss
calledthe Sherman law, which makes
me as anxious for its repeal as was
reluctant to pass it. In the alb
seace Of any provision for the
sale of silver if the price of
silver should continue to de-
cline, | should be desirous, as far as
could, to arrest the further purchase
Of bullion. With circulation of
SLY, 100000 one hundred millions
pledged and only $27, 100000 surplus,
to talk of maintaining the two metals
on parity is the widest scheme of
Imagination. =
Shall we sell our silver? We have
over S400,000,000 and only six or
seven millions in circulation. The
balance is slowed away in vaults and
cellars in security for the various
forms o. paper circulation. Dare
we sell that silver? | wanted
to provide in the law of 1890
Tor power to sell it but the
parties would not agree. Now the at
tempt to sell that silver on fallen
market would only be adding misery
to ruin. | do not like to talk of these
things, but it is my duty to do so. "Mr.
teller, Of Colorado, and Mr.. Morgan,
oi Alabama, commenced to rain oues- |
tlons upon Mr.. Sherman, but Mr..
Morrill,, of Vermont, objected, and
sad as the Senator had nov been
speaking over two hours and half he
suggested an adjournment. With Mr..
Sherman still holding the floor the
Senate, at 4:30 adjourned until to-
morrow.
House Of Representatives.
After bill was reported to expedite
the consideration of pension claims, the
House went into committee of the
whole Mr.. Buchanan, dem, of Vir-
gina in the chair) on the postoffice ap-
preparation bill, under the five-minute
rule. The item of $l0,450,OO0 for
Tree delivery service proved the first
snag in the bill. Mr.. Caldwell (rep.)
81 OHIO moved to make it $10,754,-
9i3. This gave rise to de
o"'e' Mr. Bingham (rep of Pennsyl-
'ahia thought that the free delivery
should be extended. There were many
important localities entirely cut off
rom proper postal facilities because
Iir appropriation was insufficient. Mr..
: iark (dem.) of Alabama attacked
'ne operation of the postal laws under
Postmaster-general Wanamaker. Mr..
compton (dem.) of Maryland thought
mat the solution of rural delivery was
n the establishment of more post
oii'ces He favored free delivery
wherever it was practicable, but this
vas not the case in rural localities.
= .pF' Henderson (rep.) of Iowa thought
- farmer was as much entitled to
."Pld postal facilities as those living
5" cities. lie favored free box rent to
very farmer. Mr.. Moses (dem.
Georgia diverted somewhat from
Dill Tor tariff speech,
"hlch he attacked the Mckinley
=" ana said there was not a law ever
r"s'eu = by Congress which recognized
49,, lSnts or interests of the farmer.
- farmers paid for the postage
!" we cities use. Who would deny
H. Mr.. Rinobam /p D.