Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-08-19
THE SILVER DEBATE.
synopsis of tho Discussion In the Unite
States Congress.

there would not be n line or word in the laws
OF our country recognizing the coinage OF silver
and there never would be during our lives or
the lives OF our children"
Mr. Morse rep, Mass.) said the country had
come to two roads Sound finance beckoned II
on to national integrity and honor free silver
heckoncd 1t on to financial ruin and dis.
tress. He was heartily in favor of repeating
the purchasing clause Of the Sherman act, but
the remainder OF that act declaring parity
between the two metals, was fine statesman
ship and should stand, He did not believe
with the chief magis strate that the present np-
paling business situation was due entirely to
the purchasing clause ofihe silver bill. 1t was
more largely and principally due to the threat
ened tarin legislation, which has unsettled val
ues and paralyzed business, and there could be
no relief until the democratic policy in regard
TO the tarin was defined.
Mr.. Harter (den., Ohio) said this is patri-
otto question. II party gain were to accrue by
saving the country from its present situation
he was willing that the republican party might
have 1t all. He desired only to lift the country
out OF the pit into which it had fallen. He was
able to say who was responsible for the present
situation but he did not think that in timo
like this IL was the part OF patriot TO call up
such question His view was to stop the pur-
chase of silver II had been said by the
gentleman from Missouri that every man who
voted for the repeal OF the purchasing
clause would be reegated to private
honest currency and he (Mr. Harter)
was willing to shake the dust of Washington
from his feet and never enter the house OF rep
resentatives again. He would have congress in
its extraordinary session repeal the purchas-
ing clause OF the present law, authorize ma
tional banks to issue circulation to the full eN-
tent OF their bonds and direct the secretary OF
the treasury to provide for the issue OF gold
bonds.
Mr. Hendrix Cdem, n. W said the opportu-
mi fort tn HAM tha mt nv
had never before been equaled in the history
of the iand Let congress repeal the Sher-
man silver law adjourn, and go home, and let the
people do the rest. II was not to the gold bugs
of Wall street that he asked the mcmbers to
listen nor to the men, women and children
who had their savings locked up in savings
banks. He asked them to listen TO the work
ingmcn thrown out OF employment: he asked
them to listen to the voice OF fear that our coun
try was entering on a period black with sorrow
and black with woe.
Mr. Bowers (rep, Cali said the free coinage
OF silver would tend tn relieve the present de-
preston. This nation could make its own
money for its own people, and II England
wanted to put up the bars all right Which
could stand II longerg This great country
which could produce every necessity and every
luxury must not surrender to the little island
which must depend on what II could obtain
from other nations This question was not n
partisan one; II was n business one, and as
EuSh ~ SDOulh uc COHSlutLtu.
Delegate Rawlins (dcm, Utah) spoke in
favor OF free coinage He said II this congress
adjourned without action there would be de.
probation in the value OF silver that would be
frightfu TO contemplate and would bring on u
monetary panic ut once.
On the l4th Mr.. Doatncr dem, La }
spoke from silver standpoint and charged
that the advocates of the Wilson bill
the gold men OF the democratic party
and of the republican party-were re-
sponsible for the excitement which had created
the destruction OF public confidence and which
had caused the runs upon banking institutions.
They had sowcd the wind and were reaping the
whirlwind and they alone were responsible for
the present financial and commercial scare.
The bill now presented was intended TO repeal
cowardly makeshift and no more He de-
clared that the democratic party had pledged
itself 10 bimetallism, leaving nothing for con.
gress TO do except to fix the ratio. He insisted
that the democratic party should fulhll its
pledges.
Mr.. Layton (dem., o. would vote for the re-
peal OF the purchasing clause OF the Sherman
bill He would do this, however, relying upon
the good faith OF the democratic admins ira tion
and the democratic congress that in the com
ing regular session some permanent legislation
would be enacted that would give all our peo
pie some suitable money worth q dollar all the
world around. Then allow tho national banks
TO issue notes 10 the Full par value OF the bonds
held by them. And then in order 10 fully re
store confidence the democrats should call
down the bluI made by the republicans that
tins congress did not have any serious intention
to interfere with the Mckinley tariff law. ThAl
law should and must be revised.
Mr.. Patterson dem, Tenn), advocated the
repeal OF the purchase clause, and criticised
the amendment proposed 10 tho pending meas
ure. II the government agreed to the free
coinage of silver at the ratio OF 10 10 IL woult
at once and abruptly bring the country TO n sin
gle silver standard Tho silver dollar coinoc
at the ratio OF 20 to would no worth exactly 81
cents. Could this country afford to take this
step and coin freely, deliberately and indie
pendenty y silver dollar worth but 81 cents? II
II did il would expatrate every dollar Of golC
from the land
Mr.. Simpson pop. Kan) read \ speech made
bv the gentleman from Tennessee during th'
first session OF the Fifty.second congress II
which that gentleman advocated the free coin
age of silver. and asked him to reconcile thos,
views with those he held to-day.
Mr. Patterson replied that he had modified
his views he had gone before his people anC
told them that he had modified them; III
had hecn reelected In conclusion he SAID h,
had taken his stand, and so far Us he was con
cerned he would be and would always b,
with Jefferson, Jackson, Tilden and CLEVELAND
for sound currency, for economic government
and for fair, just and equal taxation.
Mr., Bailey (dem,, Terl followed Mr.. Patter
son in speech advocating the Bland free-coin
age substitute for the Wilson repeal bill H
was in favor OF paying the government bond
holders in the coin of the country, but the Law
said that they might be paid in 4laIi grains o
silver and by the eternal God he was in favo
OF giving them no more Place gold and silve
on the same basis in regard 10 coinage and gol
and silver would have the same intrinsic value
He would rather retire from public life than T.
vote to allow gold aud silver 10 be coined int
dollars OF UNEQUAL value.
Mr.. Pendleton (dem. w. Va,) said that upo
this question all democrats could differ with
out surrcndering their convictions. He Wa
satisfied that the only way that parity coul
be brought about between gold and silver wa
for tho country TO como in accord with tn
other commercial nations OF the world an
when that was done the promise OF the demo
cratic national platform would be kept.
Mr., Warner dem, N " said he would vot
for the repeal of the purchase clause OF tn
Sherman act and next he would vote for tn
coinage OF gold and silver on y parity. Blu
these metals must be OF the same intrinsi
value, He thought the real issue was tn
tarin.
Mr. Hutchinson (dem., TeX) made humol
Gus speech in favor OF the coinage of silve