The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-06-03
ALMOST AT A STAND.
The Senate Takes an Adjourn
ment Until Next Week.
STEWART TALKING ON SILVER.
The House Spends Another Day on the
Postoffiee Appropriation-Senss
Testimony In Census Investigation.

WASHINGTON CRY, June 2.-On motion
OF Allison the Senate agreed to adjourn
from today till Monday. Notice was given
by Vest Of his intention to address the
Senate on the wool tariff, and by Morgan
OF his intention to speak on the free coin
age OF silver on Tuesday. Turpie's resolu-
ton calling for the correspondence with
Haiti, Colombia and Venezuela regarding
reciprocity was adopted. Turpie addressed
the Senate upon the resolution, and said
there was struggle between two states
men as to which of the twain was entitled
to the honor of having devised the scheme
OF reciprocity. He found. however, that
neither of those prominent statesmen
could lay the slightest claim as originator
of the policy. Reciprocity treaties date
back to l703. when what was known as the
Metheun treaty was entered into between
Great Britain and Portugal; but under
the so-called reciprocity treaties with
South America the secretary of state sub
stituted his own power for that of con-
eress, and declared that the purpose of
reciprocity was not commercial, but
wholly political.
The Senate bill providing for holding
terms of court in the district of Montana
was taken from the calendar and passed,
also the Senate bill creating two addi-
tional land districts in Montana and to
amend the statute relating to appeals to
the supreme court.
Stewart resumed his argument in sup
port of the bill providing for the free COIN
age of gold and silver. He expressed his
surprise at Sherman's statement that he
was in favor of the Bland-Allison bill.
Sherman he said, had criticised the bill,
and while he was secretary of the treasury
had urged its repeal. Sherman pre-
dicted that the Bland act would
bring the country to the silver
standard, and Stewart declared that
the law of 1890 would inevitably
bring the country to paper standard or
to the standard of the market value of sill
yer, because it was going to be impossible
to maintain gold payments under the ex-
listing law. Every weekly statement Of
the treasury showed that the percentage
of gold coming out was growing less anu
less, until it was now only IL per cent. of
the aggregate receipts. In response to an
inquiry by Higgins if he preferred silver
basis, Stewart said he preferred anything
rather than enslavement Of the people by
an attempt to reduce the whole world to
the narrow basis of gold. He continued:
would reverse the policy of the administra-
ton, which has reversed the law. It is the
duty Of the secretary OF the treasury to redeem
the paper of the government in the currency
which Is most convenient / say the present
policy, under the existing law, will reduce US
not only to silver basis, but to the basis Of the
commercial price of silver, because 1t is lmpos-
sible to maintain on the present volume OF gold
the existing credit fabric of the world.
In the course of his argument Stewart
ridiculed Sherman's expression of SYM
pathy for the working classes and for the
pensioners. "Sympathyp' he exclaimed.
''There is not blood enough in all the gold
trust men for one mosquito" At the close
Of Stewards speech the silver bill went
over without action.
A resolution was reported from the
finance committee for the appointment of
committee of five to inquire whether the
law relative to national banks furnishes
sufficient protection to depositors and to
other creditors, and to investigate the re-
cent failures Of national banks and other
violations of the laws or irregularities.
The resolution was agreed to, and Chand-
Ter. Higgins, Pfeiffer, Harris and McPher-
son were appointed. After an executive
session the Senate adjourned until Mon
| day