The times. [volume] (Richmond, Va.) 1890-1903, 1892-07-20

Mr. Morgan tDem., Ala. TOOK the moor
upon his legal tender resolution. which wac
on the Vice. Presidents desk. and stated
that this was matter of such great i'm
portance 10 the country that he should
ask "a yea and nay vote upon 1t. He said
no did not think the dangers of the situa-
ti0n could be exaggerated. Under existing
laws persons engaged IN large transactions,
and many engaged IN small transactions,
were required 10 make their contracts psya-
bic in gold. and whatever the decision Of
the supreme court may have been the de-
cisions of Congress permit the idea that
nothing but gold coin and subsidiary coin
TO the amount OF $40 can be re-
ceiyed in payment Of the debts.
There were in the Treasury to-day only
the people had to rely upon TO Day thelr
debts. This was question entirely DIS
tnct from the free coinage OF silver. lie
was not now advocating the free coinage OF
silver. because free coinage under the law
| OF 1880 would amount 10 nothing II the par
| ties contracted not to receive 1t. IL was
gross fraud upon the people of the United
States u say that the silver issued under the
act OF 1890 was a legal tender when II could
| be set aside by the contract OF the money
| holder
Mr. Sherman Rep., 0hio) moved that
the resolution be referred 10 tho Committee
on Finance There was not q single propo-
siton in the preamble of this resolution
which was not disputed aud nearly all Of
/ them were clearly disproved by the plain
| language of the law. yet the resolution
| declared that the Committee on FL
nance should declare at once that
! the people Of the United States
! should have no right to contract with each
( other as 10 the manner Of payment OF their
! debts; that a contract to pay debt In gold
| is void d contract to pay IL silver ls Yoid'
| contract to pay in wheat or rye or oats is
| void: that they have not sense enough 10
| make their own contracts as 10 the payment
! of their debts.
Mr.. Morgan rose TO ask the Senator from
/ Ohio question.
Mr. Sherman said he declined to be sub
| iected 10 cross-exsmination.
Mr. Morgan remarked that if the Senator
/ from Ohio was only fair and square in his
statements he would not be disturbed.
Mr.. Sherman replied that the Senator
| from Alabama showed his want Of courtesy
! in that statement.
Continuing. Mr.. Sherman said the Sena-
! tor from Alabama had sought to alarm the
country By the statement that we had only
| one hundred and eleven million dollars OF
! gold Why we had in addition $l55 900. 900
| of gold certificates. every dollar accounted
/ for-dollar for dollar-ln gold. For every
| dollar o. the Treasury notes issued under
| the law OF 1890 We had one dollar Of silver
I What was the use OF coming more silver
dollars when there were $500 900, 900 Of silver
/ dollars lying IN the Treasury
In concluding. Mr. Sherman got back at
! Mr.. Morgan for saying the other day that
! his lIr. Shermans) financial policy had IN
! fiicted more damage upon the country
| than the late war by stating that the
| Senator from Alabama had done more than
| any thousand men in America to induce
] financial dstrust, and had done much TO
! induce careful people 10 make the gold
| contract of which he complained. The
passage Of the bill demanded by the Senator
would be an utter revolution OF our whole
| financial system. He hoped the resolution
would be referred to the Finance Com
| mittee.
Before a vote could be had on Mr.. Nor
gan's resolution the hour Of O'Clock ar
/ rived and the Anti-OptiOn bill was laid be-
| fore the Senate.
Mr.. Wash ourn. ia charge of the bill.
Welded TO Mr.. Allen (Rep., WASH, who
moved that tomorrow at 1880 the Senate
proceed TO the consideration Of n bill relat-
ing 70 the Puyallup Indian reservation.
! This was agreed TO.
In reply to question from Dir. Morgan.
| the Chair (Mr. Manderson) said the elect
| OF the adoption Of this motion was to send
! Mr.. MOrgen's resolution TO the calendar to-
morrow. it having already received con-
| sideratlOn IN the morning hour.
AS the clerk was about TO enter on the
reading of the Anti-Option bill Mr. Wolcott
! (Rep., Col. moved that the Senate proceed
| to take vote on Mr.. Morgan's pending
! resolution.
Nr. Washburn rose to parliamentary
| question: What would be the effect of
| adopting this motion!
Mr. Cockrell Oem., Mo-; Why, it would
| kill your bill.
Mr. Wolcotts motion was defeated-yeas,
| 7: nays, 90.
The Anti-Option bill was at last permitted
! TO be read
HARRIsoN's FIRST VETO.
| veto message from the President til D
/ first of this COngress-was received and
read returning TO the Senate the bill to
amend the law creating the United States
/ Court of Appeals, chiefly on the ground
that this law provided that there should be
no appeal ia Indian depreciation cases, of
which there were 5000, aggregatng
| S30 600, 600. The message was ordered
printed and referred tO the Committee on
Judiciary.
The Anti-Option bill read TO the Senate
was the Hatch House BILL as reported by
the Committee of the Judiciary without re-
commendatlon and without change. but
the bill which Mr.. Washburn desired the
Senate TO act upon contained over twenty
important amendments aud was printed in
"A separate form. Other amendments were
submitted by MIR. Jones Ark. and Gibson
| G.a.) These proposed amendments mate
rally increased the parliamentary Difficult
ties OF the situation.
Mr. Stewart (Rep.. New was the first
senator to take the floor on tue bill. His
remarks extended over wide range, in
GLIDING the Interstate Commerce bill, the
Antitrust bill, the Mckinley bill and the
feudal system Of Europe-all these and
other topics touched upon leading him TO
one conclusion that the evils complained Of
and which the bill sought to remedy were
really attributable TO the shrinkage OF value,
resulting from the maintenance of the gold
standard and the demOnetiZation OF silver.
Consequently he said he had not made up
his mind how he would vote upon the bill,
but In the meantime would call the stten-
tion of the Senats TO bis pending bill To re-
duce salaries. to which he directed the re-
| mainder OF his remarks.
Mr.. Stewards speech served TO occupy an
hours time. but left the Senate uninformed
as TO his views on the pending measure.
No other senators being ready to 20 on to-
day, Mr.. Washsurn asked action on his
amendments. and they were agreed 70.
One of the most important provided that
the provisions of the bill should not apply
10 any contract or agreement made with any
retail dealer 10 furnish and deliver TO such
retail dealer at future time. or within
designated period. any Of said articles for
use in his trade or business as such dealer.
nor to any contract or agreement made with
any person TO furnish and deliver TO such
person at a future time or within desig-
mated period. any OF such articles which are