New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-01

half million ounces Of silver a month IL will
surely do the work and bring the commercial
price Of silver up 10 81 2oi-4 per ounce four
million will not do it. hut four and i half surely
will
that we would conccde the four and a nalf
millions per month. the discussion that aues
tion was still made as hot and determined as pos
sibI, for the purpose OF attracting attention iron
lml of preventing and receding from what we
ok der tho VERY substantial concession on the
rsr Of the free silver men on other things as. OF
ronrsc Mr.. Jones was in constant communication
with the determined free-coinage senators ms
final agreement upon the bill was held back till
Mr. Sherman could determine that it would b"
immediately acted upon in the senate r so as to
1--WE as little time possible after II was re-
ported. and before tho final action, Tor adverse
criticism in out Of Congress. for each one OF
the three felt that it was sure to 10 defeated by
frec-ooinagc sentiment if it was not Immediately
enacted
During the discussions in the conference com
mittces Mr. Jones. for himself and the others who
favored free coinage, declared that this was IN"
last and final experiment to bring the commercial
price Of silver up TO 81 30 IA per ounce or TO
the Gomn nGsr fa1 th 5 w to had promise that all
struggles for free coinage upon the part or all
but few extremists would be abandoned
that was not the effect Of the bin. On the other
hand. we insisted in the conference committee
that il was impossible for any combination or
corner 10 force the price above 81 p per ounce
and that it was possible Tor srcmlators 70 CARY ap,
when il fell the price would 90 lower than ever
before known. and that this result WIS snrs
the Gss w as showing To ioroah %an
T" SAY that IT Nj, Sherman Mr. conGcr my
that we are disappointed to the slightest degree
at its results. or that we have changed olir
minds in the slightest degree as to the utter
folly Of the sO-caed Sherman bill'' asa purely
il would be our duty TO struggle for its re-
peal 9t the earliest practical moment does each
mistaken to the Others. we are all Of MS as
thnroughlv convinced to-day rs We rho dav
We recommended the measure o. its great wisdom
under the then existing conditions-in fact: of
tho absolute necessity Of cn"cting the bill into
law Mt that time TO the country from 'r
rpvocable commita 10 f'c" silver coinao". S"or's
Of IS able end on"sf REPRESENTATIVES, sent ives as os may
tho sound money side. and thousands upon
thousands Of votes. had it not been passed;
II has made the issue of today r. ." IN" 70
covering from tho comparatively slight injury
that will bo doro nv IN" law Of July Ia: $500;
srlre 10 bc settled within few months, lnst"an
~ n TON vcars' struggle with disastrous conse-
o,onces 10 tho country 70 recover from IN" slough
Of an existing silver measur" Of vanc on
course after we had prepared our report forrnll
moctino of all the manaacrs on the part OF me
two houscS was called. at which the four is'Hno,l-
cams signed the report which they sun,e4Irr1tE
stood by. as DID every R@pnnr"pp a IN ' dsssntel
and every Democrat sustained them by opposing
The hill In confirmation of the truth o, wnh'
T have herein stated LOT m" say that yw nir SUI"
etantaly this legislation was penhlhe' @ on
n communication in \ Boston paper over my own
e;onatnre the sentiments Of which | un1'rstooi
,ycre also those of Senator sherman ana on9r'S
mon Cancer stating That thu hill woun pr'o-
hr cost the Government from 81 1000, 900 10
5000 600 600 before the people would consent ma.
conrress should repeal il: while, on the oti'r
hand il would save the country from 'h' IL
n"inace Of silver which would cost thH country
ram 60 600 0OO. 600 10 $4,000: OOo,ooo n,,i"r'
at th.
s,rrncrs In the same period, IN ano,'rr coIi-
municotion sail that we wrr" l"sfl'r'i III lr.n
inc and securing the passaG" 81 the ~, d:
fed in constructing n raft ont OF TN. MAST an
n. ~ his vessel 70 save the lives OF passengers
until they could com" 10 better mlhl. WIN W. %
determined 10 cast themselves into inc va
Fnrtbormorc while was presenting dra't o,
~, natter 70 the House Republican canru,' an,
urcinr IFS adoption 10 the best oil my an'm No
~ IN sized by one two, three AMI many MR.
Oh. 81 'n n,eosn,c a. purely fnancinl scheme. aside
Nv, r"I;ticoI considerations" which qnesIion
narriod AS hest | could. ~ ! did not co'S ;
he condition Of public sentiment a. u ire u
a@c of silver such 10 allow wise s.nne e;1nrn-
Sim 70 decide tho question on these cons e' ~
s ,i hnt bring compelled 70 answer, | s'lI ~
,hmr, Substantially, that il wonld D" inc ho,i
.,"nnnJous financial folly sane men ever enga.n
in hnt in words for sharper and more e''p"'''o
than those here used a;,,o IuIr Il
,s"1 I regard the framing ana p.sss.ha =" uo,n1
h Of that date as of IN" hghrs, YI hr On" events
.tatcsmonship and a. Icing li-tiInI ps w, o;rc,m
that followed it, as w'I', c i ever enacted
>''iI.' tho saving Of the people IN n inuu-ScowH
,l suci, fine as they will consent 20 rlip'"
In a stanch steamship; m ',on2
" Worcester Mass, June w. 1870