The times. [volume] (Richmond, Va.) 1890-1903, 1892-04-05
SILVER IN THE SENATE.
Mr.. MORGAN roEcrs THE QUESTION.
Representative Springer Closes the Debate
on the Free Wool Biil-Congratu-
lated on His Return.

tlf NueIuhA l'ee anu Win the evident
purpose OF antaconizing the silver question
by another Alliance matter said be would ask
unanimous consent TO take up Senate bill
'To provide for fixing uniform standard Of
classification and grading Of wheat corn.
oats. barley and rye" which he said was a
bin Of some urgency, greatly demanded by
thc farmers.
The Vice President Cintorupting) laid be-
fore the Senate as the pending business Mr..
Morgan's silver resolutions and then asked If
tho Senator from Alabama Mr Morgan
yielded the floor O. the Senator from Ohio
Mr. sherman.
There was considerable loud conversation
prevailing az the time and Mr. Morgan appar-
euty did not al first catch the 30 nt OF the Vice.
PRESIDENT inquiry. lie said II he could get
su understanding with the Senate that 10 tho
close OF the morning business he should be
entitled 20 call up these resolutions. he would
not get ia the way OF other senators, es-
pecialv IN the way of the chairman OF the
Committee on Indian Affairs Mr.. Dawes VINO
desired final action on the Indian sAppropria-
ton bill. but be would give notice that 10
morrow. and each day thereafter untli
disposed Of after the morning business. ne
should call up these resolutions for discussion.
This brought Mr.. Sherman very promptly
e. his feet 10 demand q strict enforcement or
tie rules Of the Senate. Under these rules
when q senator had introduced resolutions
for action they laid over one day under oo-
lection. and u not acted upon the next gay
before 2 o'clock they went 10 the calendar.
He should insist on this rule. II the senator
from Alabama chose 90 so on with ms dls-
ss.0n he .oould do 80. as one o0lectlon
would cut oh consideration of the blll which
he had desired % call up, 10 which Mr. Nor
gan replied. Then ! shall object 10 your
taking me of the floor on this hil.
4 I... .Nr NOT fl.afr4 ID afu
a. the way OF the universal courtesy accorded
g. % senator who desired to make remarks on
4 resolution introduced by him. and therefore
Dee should not bring forward the Indian APP
preparation bin at this time.
Ihe silver discussion then proceeded with
out further efforts al repression.
Sir. Stewart, Mr. Teller and other free com
ace senators on the Republican side moved
into ~ ni seats and paid close attention.
Mr. Morgan said he knew this was q Ques-
t0n which struck some senator's ln an alarm
ine way. because the people Of the United
States we're very urgent TO have some relief
from the emDarrassments which now pressed
upon thom. He know also that tie DeAests
li party would stand in the way OF some eX-
pressing thcT opinions upon the subject oI
free coinage which had now been mooted
for twenty svears. But lt senators dld not eA-
press their opinions now. the people of the
uitel ates would express Opinions iOr them
81 the next election
referring t0 Senator Shemans stand on
tie question. hlr Morgan asked where the
Senator from Dhio proposed o. stop the p4i-
iu- uD NJ silver bullion iu the fau. Is OF the
Treasury. When tlore were two hundred
lol- Of ounces ~ Lye hundred milton. of
ounces iu the Treasury. what disposition was
fLe Senator going tD make OF lt,
1r sherman I suppose we will make the
same disposition oi 20 as We do of those three
or four hundred millions OF silver dollars
which le IN the Treasury and cannot De
forced out into circulation.
Sin. Morgan asserted that there was not q
silver dollar In the Treasury to-day, unless
collected for taxes or received IN some such
way. that was not represented by SILVER Ger
tihcates IN circulation.
SILVER CERTIFICATES
Mr.. Hiscock interrosed with o question
about silver certificates. 10 which Mr.. Morgan
repled that the Senator from New ORR was
amusing himself 10y assuming that be Mr..
1forgaul was about TO take position which
h- had no intention of taking. Silver GER
tfcates had saYed the senator great
metrOpOlis from bankruptcy and rum within
the last nine months. lie Mr. Morgan t.
leyed the silver cirtlhcates had value over
and above any other circulating medium.
Ue would give the owner of silver bullion
tie option TO have IL coined into currency
and made part OF the circulation OF the coun-
trv or 20 take silver certificates for It. lie
NNHlA NlAIttu Ali4o 'i'tApA WIN AAf HAh tAN
Senator from Ohio Mr.. sherman and the
Senator from New orb MIR. Hisc0ck would
refuse it, because IN that case silver would
force its way into actual circulation and be-
come the competitor OF gold.
Mr. sherman All ! wish to say is that this
option is now given every man who holds one
of these silver certificates lie can go aud de-
mand silver dollar for it. and If more dollars
are demanded than We have coined. Oi course
more viii have 20 be coined. If the Senator
desires 20 have this option in any other way
shall be glad O. give 1t to him, although he has
it now.
Mr. Morgan. in the course of further re
marks quoted from a speech of Mr.. Sher-
man. and referred 10 the Ohio Senator as
"that great man who now leads a cOnsidera-
bic facton OF the Democratic party on the
silver question. and perhaps tWO-thlrds OF the
Republicansn 80 M Morgan said hr. Cleye-
laud came ln in $50 and had sort of con-
ecsti,e chill upon tie subject lie Gppre-
iended evil from the silver question and
threw the whole weight of his administration
into the scale 10 verify his apprehension of
evil
Mr.. Morgan was discussing the price Of
wheat as being influenced by the silver ques-
ton when Mr.. Mills, taking part in the de-
Late for tho first time since his admission 10
the Senate. interrupted that the price OF
wheat had been affected by tie famine IN iu-
fope. .n,
true But hc said there was an uneasy feeling
row prevailing ln Germany. the people had
even invaded the palace of the Emperor.
france was boiling with trouble; Austria had
a. Keep her army iu the neid. and SO 1t was
throughout the world Money naturally re-
tired under such circumstances. Money be-
camo scarcer in Europe and as 1t became
e.arcer its purchasing power increased SO
that wheat which few months ago
lror.hta "a dollar bushel. now only brought
f.tr-sx cents Make silver and gold what
the Constitution made them twins thon let
the eueoDle get hold of them and scatter them
through tlolaud In their enterprises and then
you Vii have negatived the power OF The
capitalist by bringing two men against one.
There would be two men VINO would nave q
dollar Of silver 10 one who would have dol
ar II gold. The legislation set on loot 10y
tie Senator from Ohio IN 1913 had had
tie elect ol putting gold 'out of MS
proper giet el of barometrc pressure Doiu
was SO per cent above n iair price
and we ought 20 fuse silver with u
90 press 10 down. He Alr. Morgan would
let the act Of 1899 stand but would make II
compulsory Oh the Secretary of the Treasury
- coin the bullion. In addition 70 that ne
would bring again into operation the pro
visions 0l the act of 1887 Tor the free coinage
of both gold and silver and issue gold and
silver certificates against them. II the people
had the manhood 10 carry out this policy they