The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1893-09-23
SILVER SENATORS ARE TALKING.
FACTS. ARGUMENTS. REASONS.
No Danger that the Repeal Bill VIII BE.
come Law for . While Yet
House Preparing fes
Businsss.

Tuesday. sept. 18th.
SESATE-The Vice-President laid before
the Senate a letter from the Treasury depart
ineht IN relation 10 the redemption OF silver
certificates. 1t is stated that 81 213 267 of the
notes provided for by the Sherman act were
redeemed In silver coin during August 1898.
that sl74, 06l, 242 coinage value) of silver
bullion purchased under that act and subject
10 coinage Is now held In the treasury. Also
letter from the Secretary Of the Treasury
stating that there WAS available on the 18th
inst. for the enforcement of the Chinese ex-
clusion act ft3, 5O3.
Then the repeal b!ii was taken up, and: Mr.
Mitchell tkepublican, Oregon took the floor
In opposition 10 It. Mr.. Mitchell referred to
the disastrous effects of the depreciation of
silver in the interests OF the farmer showing
how the price of all farm products had fallen
with that of silver. The eyes OF the money
changers of Lombard street and the uncon-
sconabe stock gamblers Of Wall street we're
centered upon the Senate of the United
States as never before. They waited with H.
concealed anxiety the result Of a vote that
would increase by one-half the purchasing
power Of gold and cut down in like proper
tlon the price OF every agricultural commodi-
fly produced In this country
At the conclusion Of Mr.. Mitchclis speech
Mr HawleA spubilcan, Connecticut ad-
dre.scd tho eens-. He snia he Was In favor
of the passage OF the pending bill, and
the opponents Of repeal there was one general
mlsstatement which had been iterated and
reiterated until he was tired Of 1t. That was
that there was somebody who believed In the
total destruction OF half Of the currency of
the world, There was not a Senator In tho
chamber now or at any time to whom 1t
would apply. IL WAS a terrible misstatcment,
a .ophistical statement, false statement
practically Mr.. Mitchell asked whether the
senator from Connecticut thought any other
1aftf tuff In ,tfa flvar Any
after the repeal of the Sherman net TO carry
out his views, and on being answered In the
affirmative asked: "Why not put 1t in this
bilIr
II won't; that is ALL" replied Mr., Hawley,
and laughter ensued. ''lf you begin to com
promise or patch, or tinker, and add
schemes, you simply kill the scheme"
Everybody WIS n blmetnliist,m said Mr..
Teller and yet he could point to many pro-
fessed bimetallists In the Senate who had
never given vote In favor OF bimetalllsm.
1t was a bimetallism in which gold was the
standard and silver was subordinate to it,
Mr., Hawley said II the bill were passed,
and in a few months II should develop that
the East and the West were isolated, It was
quite competent for Congress to reconsider
IL action, and It would be likely to 10 so.
Nlr. Stewart then obtained the floor, and
was speaking when the Senate adjourned.
Wednesday. September 18Th.
sESATE.-The resolution offered by Mr..
Stewart for co mmttee to investigate whether
senators are interested In national banks was
then taken up, aud that gentleman spoke In
support of Its adoption. Mr.. Allen tPopu-
list, Sebrsskal favored the adoption OF the
resolution. He said there were hundreds OF
thousands, II not millions, of people In the
country who believed that much Of the legls-
latiun of Congress was Influenced 10y the per
sOnal interests OF senators and members. II
they were mistaken II was due 10 senators and
members that the people be enlightened on
the subject. No action was taken.
The repeal bill came up, and Mr.. voorhees,,
Ia order 10 elicit expression, asked that one
week from to-day the general debate close,
with the understanding that amendments
then be discussed under the i've minute rule
until Saturday at 2 o'clock when vote
should be taken. Mr.. Dubois OF Idaho OBJ
jeoied, and asked Mr.. voorhees, II there was
a likelihood OF the repeal bill being supple
mcnted by other silver legislation. Mr.. Noor-
hees replied that there certainly would be.
Mr.. Dubois said that burnt children dread
the ire. Was there any Senator who could
uIn iayorfng -hrCf lie had not heard II
stated. The Senators from the silver states
knowing that for three and half years at
least no relief could be secured.
Mr.. Shoup idaho then addressed the
Senate In opposition to the bill.
Mr.. shoup had spoken but a few minutes
when Mr.. Stewart called attention to the alb
81 Senators responded, and Mr.. Shoup con
eludcd his remarks.
Mr.. Dolph Republican, Oregon, who fol-
lowed Mr.. shoup, did not believe that with
free coinage at 10 to |, or 20 to |, or any
other ratio. the concurrent circulation OF
gold and silver could be secured The
United States was confronted by n condition
10 which II must submit
Mr. Teller said that he would reply to Mr..
Dolph some time In the future.
Nh. ton, of NJ h.a he "a.
went into executive session and shortly after
wards adjourned.
HousE-After being idle the House got
down to work to-day, The whole day was oc-
cupled in considering the bill providing for
the printing and distributing OF public docu-
meuts Oue hour and forty minutes wa,
consumed II deals with the entire question
of the printing and distribution OF public
documents and substitutes for the old plan a
system proposed by a joint committee OF the
House and Senate at the last session. II aims
ut economy by the appointment OF bureau
through which all documents shall be sent
out, thus reducing largely the number OF en-
ployes by concentration, and prevents extern
five duplication that now results from the ex-
istcnce OF the many different sources from
which public documents are distributed. The
bill was not finally disposed OF.
Thursday. sept. 14th.
SENATE.-When the Senate met Mr.. Faulk-
amendment to the repeal bill which WAS read.
II provides first for the coinage OF the bull
lion now in the treasury at its coinage value,
worth now Sl74, 00o, 900, at the rate of 81, 600,
600 per MONTH and authorizes In addition the
purchase of l,550, 600 ounces per month,
though this amount purchased lie not to be
coined until the bullion now In the treasury u.
coined, unless, in the opinion OF the secretary
Of the treasury, the business demands OF the
country require It, After all the bullion now
In the treasury Is coined, the amendment
provide. that q, 900, 600 of silver shall be
purchased and coined every month until the
aggregate silver circulation OF the country
shall reach $500, OOO. coo. All silver dollars
thus coined and heretofore coined are to be
legal tender
When the routine morning business was
concluded, Mr. Stewart (Seyada) moved TO
take up his resolution for committee TO in-
vcstlgate whether senators were interested In
national banks.
Mr.. Voorhees, counter motion to proceed to
the consideration of the repeal bill was agreed
10 on viva voce vote. which was quite unan-
imous, and Mr. Stewart sat down.
Mr. Daniel OF Virginia addressed the SEN
ate for four hours In opposition TO the repeal
OF the Sherman law. Mr.. Daniels address
wa. a very brilliant effort aud held the atten-
ton OF the Senate and the people who crowded
the galleries He disproved the assertion
that the Sherman law was responsible Tor the
panic The bankers were interested In see
ing the Sherman law repealed, so that new
bonds might be issued on which they could
bare currency. He went on to show the In
terest which England had in destroying sill
yer as money, quoting in that connection Mr..
Gladstone's speech on the subject. The
Norsemen who invaded England many cen
turtles ago had sailed under the Raven flaG"
and had boasted that they were 1.-THE ravagers