New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-05


and said that he did not intend to enter the dis
cusson Of the silver question, but he wished have
the Of the senate whether Senator, were 30 have
a silver debate; and In order to have that question
settled definitely he proposed to move TO lay the
| luton the table
Mr. Allison asked the Vice President as point Of
ORDER whether the resolution had not passed from the
consideration OF the senate and had NOT con. 10 the
calendar ut . oclocl-thc senator from Alabama hlv.
, ing been allowed by courtesy 10 proceed with his
remarks. The Nioe-President expressed the opinion
that under tile rules the resolution had gone 10 the
calendar.
Mr. Teller said that he wanted TO speak to the senator
from Ohlo who being flushed perhaps with the victory
apparently the House against silver seemed
| to think that he could down debate In the senate
mat subject II not debated on these resolutions
It would be debated some other resolution or some
other bill and the friends Of silver would take Just
time they wanted. unle-- the senate could be
driven into adopting closure rule. which he did not
think wOuld be done now, any more than II was done
at the last Congress. lie gave notice that. under the
OF the senate they would be heard. In spite Of
the honorable Senator from ohio, who appeared to be
so anxious 10 stlne debate.
Nj. sherman deried In the most emphatic terms
that he had endeavOreC TO stine the debate. lie de
clared that there was no ground for such assertion.
But the senate Of the United States was unit. II
ought to be able 10 determine what The ordinary
proceedings OF the body. !, ought to be able 70 de
termine whether 1t wOuld discuss silver. whether IL
would discuss gold whether IT would discuss Indian
affairs and unless they could have some order In the
proceedings it would be confusion worse cOniounded.
lie had shrunk from debate on the silver ques-
ton, the gold question. on the currency ques-
, uon. Whenever the Senate chose to take up this
debate he would be ready participate in 1t. The
senator from Alabama had begun his speech With n
long TRADE against the act OF 1890. He had arragncd
H. and had said that the Secretary Of the Treasury
ought to have the power that plainly con-
ferred upon him-no TO issue sive- coin, but that
silver should be coined whether II necessary or
not. II silver coined. ono cent and half would
be spent every silver dollar and then those dollars
would be piled up In boxes In shape where uey
might be handled and stolen whereas II the silver
left In the form Of bullion 1t could not be carried
away by thieves and could be cheaply and easily
stored. But the Senator from Alabama had closed
his remarks by extolnng the act OF 1890.
lie had very properly extolled II, because
It would be made with proper amendments.
the fucrum On which rested the whole financial system
OF the country. There no bank In the world 50
strong tie Treasury Of the United states today-so
strong in lie ability 10 redeem every outstanding
OBLIGATION As for the green, aclIs and United states
notes there In the Treasury SlOo,o"oOOO I'm eoh,
set aside for that purpose; and that was better re-
serve than could b. found in the Bank Of England to-
day IN proportion liabilities Again, foI every ono
Of those Treasury not'~ there was a dollar 81 GOLD
behind 1t. The wise men OF NewN ORR had overlooked
that fact and had assumed that tie old law Nd IN
existence OH which certificate might be issued for
every silver dollar. Every one Of thoS" Treasury
based upon enough Of silver To b. equal 10
dollar in god at the time Of tn" purchase of the silver
and taking the average for period Of Year, hcre was
silver cert issued. The silver dollar contained
now only worth uf silver, and 10 -,u" ccItl-
cate OIL II would be- In ihe nature 81 MAJ none, wan
the principle observed there was 10 DOUBT about th"
maintain the purity Of the two metals; But 'n ih'
other hand a proposition was mhde which wa npw he.
and that the free conale If silver t"rmcry II
was true that fei conasc OF silver m"Ani 'h equality
Alexander Hamilton aDd Toma, jefferson agreed
upon to- ratio. up 10 l7a3 dd that raTty vary more
per cent the cheaper metal filled the channels II crcn-
laton and the dcarer metal was excluded WAai, lie
had been going down for centuries When America
was discovered eight ouno"s Of .ver w"c cgnal T. oo
and Japan OF take the doiicr metal, which va the
gong 70 be- the settled standard for al property all
values and all productions mat Wa The question.
for the present system. That WAS practically. t.
take of 81 per cent from every pension granted BY
approval on The Democratic side FOR time II
would talk" OF 81 Per cent Of me la,s,r OF cyery
bread 1t would take 81 per cent from debt con
tIacUd on the lass Of gold value The people {" the
United states were beginning 10 understand Thu.
Tfee were asked 10 pay dollar for what they were
now tuying FOR go cents.
presented different from the one presented In the
past. NOt only he willing a. discus, TN,
question but he desired 10 have IL discussed That
discussion however. wOnld be IN an orderly manner
when mind would meet mind. when reason would be
brought ~ bear against reason when facts ana cN
peIience wOuh be tested ~ toa'ted debate not
by desultOry debate.
Mr. Morgsn--Can that be done nowl
Mr. ~hcrInHn-lcS. but why not say 50
Mr. Morgsn-Lc, ~ - into II now.
Mr.. ~herman-Thc question il whether We. hhvlng
sOmc' hing else 10 DO the appropriations bills ana
various filings shoud lay them aside TO take up TINS
question. That j. Tor The ~cnat" Ia decide. ] DO
not care what their decision Win be- ] am ready
70 meet any Of these questions at any time"
never ran away from any question or any opinion
] NAV have been often wrong ~ ] know have
often for are al humnE. But believe. after
all that the law Of 1890. although mSconc"lv'd by
gold mon and by silver may be made the basis
Of "A firm financial structure. which viii give IL monrF
equal In purchasing power not ONLY I'm every part 81
the United States but IN every part of the habable
globe.
Mr.. stewart said That be could not allow Mr.
shermans remarks 70 pnss without observing th9
II was not the silver who were dcpreclaung tlr
money IN the hands OF pensioners. II va, th" gold
cOntraciGnitS. The silver dollar contained only
g. or C5 per cent Of gold value. and II was proposed
10 reduce is value sin further bv diShOnOrins ~.
and 50 rob those who held IT, The Secretary OF the
Treasury had proposed scheme ~ hich appeared TO
have been ndOrsed by the President 10 rcduc" The
price Of silver: and II had had its efcct. Snch n
proposition that ~ the secretary made In speech
NJ DcmonirOs "a place whore secretaries Of the Tr"N
urv got their Information aud their orders, ought
not 10 20 unrcbukcd NJ. Sf'wart quoted from SEC
rctarv Fosters speech condemned II In strong terms
and then made a speech the general subject OF
silver. ...
Mr. Morgan's resolutions being placed on n" cnlenrr
undcr III" rules. i'm ,
l,ifp adj