The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-06-17
SENATE SILVER DEBATE.
yr. MORRILL, OF VERMONT ARGUES
AGlINsT FREE COINAGE

lie Says that me convention 'n"s we Can
Add 80 FER GEM. 10 INV '"'"o OF SILVER
nv Free Co,uns- IL Hard,yLess Extravs.
~,r, ,hnn n Project to Warm the Moon
49, s.,,,u . r,re on rixs,s Peak.
w.sH1NdroS' june i"' In 'he e'nate TODAY
Mr. Morrill, lncp' WI 'no 'enernp'e onnir-
man OF the FINANCE .oramit'ee' eitsr optaih-
Ing indefinite leave OF absence from tuesday
noxt, called ur the free tonnage Dill ana SAID
"The frce Coinage resoluuon. wn'eh oponed
the debate was c'iuch'' pusheu oy the as
tnguishod senator from hiaoama 'Mr. NOR.
gan with some como hopeiuinoss tnat tho
senatorial Dcmoerntic cahaidntes ior the fres-
idency would roman IN the senate 70 nave
their votes countoi ana not seek oy night
outside into tho oomopIoo. snokine room 10
escape from all harm. btt enc skiilui MARKS
man from Alabama must have been sadly dis
.nnoin,nJ. ma was. that he did not wing A
. .,nSn Presidential bird. and no was an.
Dsren Ynv nSs u nothns oath should ;umn on
Hom n, ~, ,hn ruddcrless froe coinage craft "A
the pilot to steer 1t on its perilous voyage"
w A.. Morrill,, scored the silver advocates for
not s' wanting a monetary conferences after thOy
had seemingly desired 1t. He commended that
thSre mover was time more ausplcious for
tho solution of the silver problem than the
prescnt.
when the rartlsans OF free coinage Of silver
talk about himetallism. said Dir. morrii''
-they IN can good-by to all but silver. All else
must get out OF tho way NO provision Is ever
suggested In behalf OF an increase or rcton-
HON Of gold hut We nre asked to believe that
when the government purchases s'.sVs u, .ne
coin price tho owners ask LOT l' anu oec!are
tina, tho public shall take it at that price. then
parity with gold. Mr.. President. that declara-
ton wOau no' um,s, x,laso s.hoo, IN Wax
man ciass" M"'''n" ,,''"so 'o - az.
back Tho contention that We can add nifty
rnrlh nv the frsc coinage Of silver dollars con.
N1s,u v. ~. ~ nrra silva 20 a.. ,,i,
tanning 3Ils grains OF pure SILVER 10 the iull
trarted to the United Statcs mints or be pre-
sente4 from all 1ualters Of the world, to DO
coined and heA iorsvSr Imprisoned ssn. in the
t%ere to o. sustain .s esa tSnGsr paper c|rcna
ton with the full value Of any other dollar is q
he a patent project to warm the moon by sot-
ting tlre to woodpc on Fixes Peak"
Nr. Morrill, coniendcl that the siivcr law OF
currency ut the rate Of S15.UuU.0OO yearly.
With NOR" money in circulation than ever
PIE Hi unhaI.py by pcrsnadins them that there
was an Affirming .deilcieney. They demanded
ss9r %sIsS and tse srs
forth ths lofty demand y tor sH increase q our
show nro1rd on siivcr ~ p1 nrdcr "a NJ 10
assurance d"ubiy sure by enormous inf,ati"n
s chss ."o 'A''' uo''"' '"ou'u 'eco"e Bull
After reference to Senator PETERS idea that
Congress It could coin money out o! anything
inc tSs ON II tnnt we isb n M wall
60 s ages y SacEward and DIN our faith to WITCH.
of dsease ~ as to reIv 81 on smnh 10
show that am modern enlightened nations
,hln Eo tnHTgn destitute OF oil intrinsic value.
The tsne Of all commerce. as we'll as Of oil
Of the ,rans:erahIe m ortGnpe honds aWtHoriz.d
tGH heGlEc was the primary cause Of the
inss in iondSn wbieh nrovnd IN Ia n f,nan-
siai thundsrboit. heard round tho " world
DON Of IN" Nv nrientai henb sn irnn f fn
0Tlo0 due to tn. dsarecnt k nf silver and
the Increasing distr1ss Of investments in s sil.
thereirom. That distrust. I re1ret to saw has
already reached Cd our shores. 'sse' ~ sA'' "A'
coase Insist that ehs rse
the fnt OF the Gcyernment, would Iring It to
parity with gold on the old ratio and declare
that there IL no nroof 10 the contrarv They
well know that not Tor twenty years, not since
the sudden and growing depreciation OF silver
has any nation, enlightened or unenliS hfoned,
been 40 foolhnrdy uS to attempt the rash ex-
pertinent; anil yet they appear 10 insist that
the United States shall alone accept it without
trial take the leap In the dark. and cut OIL all
chance OF retreat.
I'll. however, the Nat OF the Goyernm
should exhibit magical rower to give a 81 cent
silver dollar. Gy GINNING it and making it a
legal tender. as much current value year
would it re before some grcenback party or
before tho honorable Senator from Kansas
tMr. Pefferl in behalf Of the Farmers Ali
ance. would lie pushing some measure to drive
all silver out Of the field. by declaring with
irres!sti BILE logic that. II the fiat OF the Gov
eminent saves ono third OF tho cost OF money
by the use OF silver. why not save It all by the
use OF paper? The silver men find In the
belly of their argument half-grown, lusty
Green back party that 1t will not be possible
10 unlerbid.
That permanent monopoly OF silver
would prove to be a dangerous and most
Improbable measure for our country was
80 ralpubie from q businessman point
Of view that 1t seemed strange that
It should be doomed or even tolerated by
Bhrewd silver corporations. The market here
was already overfcd. greatly noeiinE roiiof
by some demand abroad. and an unfettered
future inflow of the metal Inre must ncccssn-
riIy further chcnpen its vnlue mononoiy Of
siivor tn II, N jTn;,,J ~. y 'nSEopop "