The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-04-05
IN THE SENATE.
,IR. MORGAN CALLS UP HIS FREE
COINAGE RESOLUTIONS.
Free wool Kill In the House-Chinese
Exclusion asill Passed
Springer speaks.

WASHINGTON, April A. Senate.
In)the Senate to- day the Vice Presi-
dent laid before the Senate as the pend
INC business Mr.. Morgan's silver regu-
lations, ard after some discussion be-
tween Messrs. Morgan, Dawes and
Sherman over the rules, etc, the silver
debate proceeded without further
efforts at suppression. Mr.. Morgan
said he knew this was question which
struck some Senators in an
alarming way, because the peo-
ple Of the United States were
very urgent to have some relief from
The embarrassment which now pressed
on them. He knew also that the be-
hest Of the party would stand in the
way Of expressing their opinions upon
the subject of free coinage, which had
now been mooted for twenty years.
}ut if Senators did not express their
opinions now, the people of the United
states would express opinions for
them at the next election.
Mr. IIiscock interposed with a ques-
tion about silver certificates, to which
Mr.. Morgan replied that the Senator
from New York was amusing himself
~ assuming that he (Mr. Morgan)
was about to take position which he
Lad no intention Of taking. Silver
certificates had saved the Senator's
great metropolis from bankruptcy and
ruin within the last nine months. He
Mr.. Norgan) believed the silver GER
tihca.e had value above any other
circulating medium. He would give
the owner of silver bullion the option
To have it coined into currency
and made part of the circulation of the
country, or take silver certificates for it.
Mr.. Morgan quoted from a speech of
Mr.. Sherman's, and referred TO the
Ohio Senator as " That great man, who
now leads considerable faction of the
Democratic party on the silver ques-
tion and perhaps two thirds of the Re-
publcans.
Mr.. Morgan said Mr.. Cleveland
anne in in 1885 and had a sort of con.
gestive chill upon the subject. He ap.
pretended evil from the silver question
and threw the whole weight of his ad
ministration into the scale tc
verify his apprehension of the evil
Mr. Morgan was discussing the price
81 wheat as being influenced by the
silver question, when Mr. Mills, taking
part in the debate for the first time
since his administration to the Senate
interrupted that the price Of wheat hac
been affected by the famine in Europe
Mr. Morgan admitted that this was il
part true. Make silver and golo
what the constitution made them
twinsth let the people get holc
Of them and scatter them through tht
the land in their enterprises and then
you will have negatived the power o
the capitalist by bringing two
men against one. The Legislation
set on foot by the Senator
from Ohio, in 1873, had ha'
the effect of putting gold out of it
proper level Of barometric pressure
Gold was forty per cent. above its fai
price and we ought to use silver witt
il TO press it down. He Mr.. Morgan
n would let the act of 1890 stand, bu
would make it compulsory on the secre
tary OF the treasury to coin the bullion
9 In addition to that he would brin,
n again into operation the provisions G
W gtstft - G,,, h.,
q both gold and silver and issue gold an
SILVER certificates against them.
the people had the manhood to carr
ont this policy, they would max
New York tie clearing house of tn
commerce Of the world. Mr.. Morga
occupied little over three hours wit
his speech. Mr.. Sherman moved I
lay the resolutions on the table. nj
lloar reminded the Senate that |
unanimous consent to-day and to-mo
row were to have been devoted to IL
consideration Of bills on the calenda
lhe Vice President ruled tn
the resolutions had occupied the
allotted time and must now 90 to Il
calendar. Mr.. Teller said his ct
league, tMr. Woollcott) had given n
uce Of an intention to address the Sc
ate on these resolutions on Wednesd
next. He trusted he would not
ruled out. Here followed some ratl
M warm talk between Mr.. Sherman a
&& Mr. Teller, the latter saying that t
former would want to adopt the clotu
rule # the silver debate j. COZ
rot be stited in any other W,
Mr.. Sherman said he defed a
man to show that he had ever ende
ored to stiie debate. There was
an Iota OF ground upon which such
assertion could be made. II h.
never IN my life, and have been b
'onsef than many of you, tried
''ue debate" He repeated that
was not ayerse to discussing the sill
question, but he wanted this done
~ orderly manner. Mr.. More
ahnot this be done now?"