The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-09-20
THE SILVER QUESTION,
Extracts From Senator Higgins Speech
I'm the Reuate-shnrp Retort to Senn-

Extracts From Senator Higgins Speech
I'm the Renate-shnrp Retort to Senn-
tor McPherson.
From Senator Higgins speech. made
In the United States Seuate Inst Fri
day, the following extracts are taken
from the report In the Congressional
Record:
1t is an I'll wind that blows nobody
any good. l Cab not tell you how
sorry was at the result OF the election
OF a President OF the United States this
time, but cay here In all candor, made
up as the Senate and house of Repre-
seDtatives were, NO Republican Presi
dent could have had the act repeale
President Harrison was 20 werless
with large majority in the Senate
but President Cleveland has shown
himself TO be the Boanerges OF thu
Democracy, and wish him Godspeet
In the march OF conversion which ha,
fallen to his task.
But there are other things. On the
9th OF February the distinguishet
senator from New York, (Mr. HID, oil
his bill to repeal this act, coming from
the heart OF the Democracy, brough
the Senate to a sudden aud sharp ties
vote whether the bill for the repeal o
the Sherman act should then be takei
up for action, and II was voted down.
yeas 20, nays 42. l am well aware tina
there were senators who voted agains
taking up that measure who were
heartily In favor OF repeal, but wht
felt that in the state OF the business
with tho appropriation bills and othel
measures requiring action at the shor
session Of Congress- 1t was practically
impossible to do 80.
1 But. Mr.. President foreigners de
not see into our action that way. They
did not understand IT, and hence thai
contributed to their alarm. 1t Is III
open secret that private representa-
tlyes OF the President'elect visited thu
other branch of Congress to test III
feeling whether it would vote for 1
repeal, and they went home disheart
ened. 1t was stated that 1t could no
be done, and all that went abroad ant
to the public.
Then after all this, after his inaugu
ration, the President OF the United
States did not call Congress prompt.
together. and that lack of action wa
construed into conclusion that II
the then state of opinion In botl
branches of Congress he could nc
hope for favorable action. So on al
these accounts the conclusion deep
Iened IN the public mind and in tn
foreign mind that there would be n
repeal OF the act, but an indefinite eS
tension OF the creation or representa-
tive money requiring redemption i
gold, and with the stock OF gol
Steadily flowing out. | think. there
fore. that this In that way contribute
10 this commercial disaster.
To that the answer is brought, VIII
u. H. a "A tl.t.-
Just as quickly as they do gold? l
they got frightened over this why di
they not Hoard gold? We have owe
$500, eco, 600 OF gold in the Unite
Statee-ln the treasury and in circull
tlon. Why did they not rush for gol
and hoard II? Why did they not go :
the treasury for IL? Well, Mr.. Fres
: dent. the fact Is that us long as tn
United States is practically redeemini
the moEey that 10 presented in GO.
the people do not want it. There wa
this sense Of alarm OH the other side
but it did not extend here. Our pee
Pile had not lost their confidence In tn
good sense OF the United States AM
the American people; ard therefor
the silver dollar and the paper dollh
remained Just as good us the gold do
lar SO long as they could get gol
dollar for either the silver or paper
ana consequently those dollars beini
us good as the gold, the alarm tina
took possession of them caused then
to hoard that money just as quicki
as the gold itsef.
Mr.. President, so much Tor the cor
tril ution OF the purchase net to ihi
trouble: but that wos not tho opl.
cause, nor should say that it was tn
chief ole. We were in The peEumbli
of tariff reform. We wcie coming [,
the enforcement of a plank o. til
Democratic platform not Of doubtful
construction. We were coming L
that one to which all branches OF tn
government OF tie IPmocfatic pei
sunsiOn. the piess and all their PEG
lnle, were com mitted, that protection
was fraud, that ~ was unconstitu
tioDal; that 1T must be swept off oil thu
looks, md the only taritl you coult
hnve was The one Tor revenue.
How did that work. | have tabl'
here which beg to have printed wit
my remarks which shows that the TO
ltal arr OPERATIONS for the fiscal yea
1894 by the estimates of the Ireasur,
IDenartment lust year amounted l.
IS5iy, 504. 1854. Beducting from that TIL
postal revenues, SS5. GOO 600. the estl
mated receipts for internal revenue
Sl75. OC0 600, and miscellaneous source
's.0.GOn GOO, leaves total of credit 0
s.sD, l2l sos, leaving II balance to b
pI divided from customs revenue 0
Sa59. 49,. $50.
Total hpprt printion for the tls.
cal ycur 1884 ..............-.S 5l9 5Oi 81
Deduct estimated receipts
fipm:
internal reVRtluc..S l55 lUC, 90
Miscellaneous SOURCES
10000 600
Postal Eeyenue..... IS III ,3G5
| ncn In1 ~