St. Paul daily globe., 1892-05-26
SENATOR'S TILTING.
Morgan and Sherman Engage on
Coinage.


WASHINGTON, May 25.-The resolu-
ton offered by Mr. Morgan OH the 3lst of
March, directing the committee on
finance to make an examination and re-
port in relation to currency and coinage,
and as to the effect of the act of July,
1890, on the prices of silver bullion, was
taken up in the senate today. Mr.. Nor
gan called for the yeas and nays OH the
adoption of the resolution. Mr. Morrill,
moved that the resolution be referred
to the committee Oh finance. Mr.. Nor
gan demanded the yeas and nays OIL
the motion to refer. The motion was
defeated-yeas II, nays %. The
Democratic senators who voted yea
were Messrs. Gray, Palmer and Villas.
The Republican senators who voted nay
were Messrs. Allen, Mitchell, Paddock,
Pettigrew, Power, Sanders, Shoup,
Squire. Stanford, Stewart. Teller and
Wolc0tt. Mr.. Hill entered the chamber
while the vote was being taken. but did
not vote.
Mr.. Morgan mod fed the resolution
by adding a new paragraph inStructing
the finance committee to report sup
Elementary act providing for the COIN
age of gold and silver bullion on equal
terms as to each metal, and authorizing
depositorS of gold or silver bullion to
receive coin certificates for it at its
mint value.
Mr.. Sherman said that it seemed to
him that the approaching political con-
ventions had more to do with the reso-
luton than the senate had, especially
when the executive authorities were en-
gagged in movement for an interna-
tional conference to establish the parity
or gold and silver on certain basis.
He believed that the free coinage of
silver, instead of being a measure of re-
lief for the people, would be the Sc
verest and saddest load ever placed On
the shoulders of those who depended on
their labor for their daily bread. He
was as much in favor OF silver as any
senator who represented the silver
mines of the West. But the only way
in which to make gold and silver work
in harmony was to put them on ratio
fixed upon market value.
Mr.. Stewart was opposed to an inter-
national conference until some OF the
powers to be represented had expressed
In an authoritative way that they would
rehabiIitate silver on some terms.
Mr.. Morgan referred to Mr.. Sherman
as having headed the march for the
utter destruction of silver, and said that
he was now (willingly or unwillingly) a
candidate for the presidency, and there
fore desired to make friends of what he
(Mr. Sherman) considered to be the
''mammon of iniquity" by saying that
he was III favor Gf possible) of the equal
coinage of gold and silver, while it was
his hand that struck silver to death.
MIR. Sherman said that he had not
the slightest care or interest in the pas
sage of the anti-demonetiZation act of
1878, and when the seLator from Ala
bama said that he was responsible for
that act he did him (Mr. Sherman) a
gross injustice.
Mr.. Morgan said that he was willing
to give the senator from Ohio Gin his
expected campaign the benefit of his
denial, if it would do him any good,
but he did not think it would. The
matter went over without action, and
the bill to provide for the punishment
of violations of treaty rights of aliens
was then taken up. without disposing
of which the senate adjourned.