Iron County register., 1893-09-07

4 .; =
Senator Sherman.
Mr. Sherman then proceeded to discuss the
history OF the act that bears his name He was
not In favor Of the free coinage Of silver. and
regarded IL as but another name for the mono
metAlHsm Of silver. and was only in favor Of
the purchase OF silver for purposes Of coming.
The couferees OF the two houses agreed upon
their differences. and In that agreement
secured tho repeal OF the Bland-Allison
act Mr.. Sherman reminded senators when
th criticised the law that was named after
htcz. they should remember that this law now
on the statute books was far better than either
tde house bill or that passed by the senate.
fhe president had. Mr.. Sherman said. set
forth the decline In the value OF silver. but
he taken broader view OF the causes
OF that decline no could have explained It all
1twas due, Mr.. Sherman said. to the fact that
we were called upon to paw our dcbts. debts
payable in gold England was the great cred
1tor country. and We should neither be ashamed
of nor hate her; we are her children and par
take much of the characteristics Of the parent
stock. England's losses in the Argentine Re-
public had to be made good. and she
returned our securities and demanded the
lions from going down For the first time also
In q number Of years the balance Of trade was
against u.s. and we had to make the difference
good. After discussing other matters contrib
Otfng to the present condition, Mr.. Sherman
declared that an erroneous impression had
been created when tt was claimed that the Sher
man law was the cause of all the trouble.
and this. he said. with all due Difference to
Mr. Cleveland. Still the fact was that congress
must deal with q situation and not . measure
He believed in giving the devil his due" and
was ready to stand by the Law. not as . meas
ure In which he took any special pride, for he
was compelled to yield In order to prevent
disastrous legislation. Without this law what
would the country have done in 1891 and 1892
had IL been called upon them to meet the
dfmculties now staggering US. He was not .
new convert to the repeal OF the law. but year
ago he had introduced bill to suspend the
operations Of the law. It was worded almost
exactly like that OF Mr.. Voorhees,. Why did
not the democratic senators then see the dan
gers they now see. and como TO the help Of the
republicsns when they sought to suspend the
laWf Not . democratic vote was had then. and
democrats must answer why.
= This very currency famine was not through
feoi that the money Of the country was not
good. and the people should not be deceived as
20 the reasons for the repeal Mr.. Sherman
did not believe the repeal OF the law would in
any considerable degree relieve the country
from the existing stagnatfon. Its repeal
would ease the money market from the
dreaded fear Of the free coinage Of
silver. Tho Law was denounced by
makeshift. It was . makeshift. and a good
one. II tended to prevent the Ills growing out Of
che free coinage Of silver. The democratic
party was new charged with . great responsf-
bility and Mr.. Sherman warned them that II
ehey attempted to alter the existing tariff laws
ehey would plunge the country into deeper dis
tress than now exists
Taking It for granted that the Sherman law
would be repealed. what of the future: Mr..
Sherman. while not the adviser OF the demo-
cratic party, said he was entitled to give his
opinion as an American citizen. First OF oil
We must preserve intact the parity OF sh our
money. It might be necessary to issue our
securities to secure gold to maintain this
parity the only way by which we can sum-
marily secure gold.
At this point of his speech Mr.. Sherman de-
Waited from the direct path of his argument
reply to and clear away the charges and asper-
eions made by senators and others in connection
with his socalled act tdemonetizing silver In 1873
and he confessed to some annoyance at
the statemant made the other day by Mr..
Voorhees, that the action Of those who had
managed the legislation had been stealthy and
Mr. voorhees, declared that nothing could be
farther from his purpose and intention than to
say unlkind or disrespectful word about the
ena.S. rom IN ,,saa ,ss %d. w H"s p,',
Ax .1 sss.,,a ~ 80 - - sr..,,. = H. -
snoy ws s. =. ,.,,.sS 49,, "a
eApo..0v .os.Ss - - .e,..,-. 80.
- -oes.Aoo nlnse. inSspao.o =. .assins az an -. a.
tons unptosokeu oa s"S so"s'o~" :" 'ne 90"
ese OF olseWnero.
Ar. Sherman said that certainly he did not
desire to say anything on the matter. being
satisfied that what the senator from Indiana
had said was due 70 his exuberant eloquence.
ILAughterl He intended now to produce the
public record OF tne matter ana make the act
Of 1879 plain ana clear ana 70 snow tnat the
whole proceeding was free from corruption,
and vas honorable to congress. and hereafter. he
said. in angry and excited tones. when any man
makes that imputation wiz simply say that
&c Il . fAisehood. and brand IL 30 now. There
has never been any bill freer from wrong In
fuence than the act OF 1879. and to say that It
wns passed surreptittously Il falsehood and
. Lie By whomever uttered
2r. Sherman devoted some time 70 An ex'
pogure OF the falsehood OF letter Written by
someone who ayowed himself IS an anarchist
end who professed to repeat statement sup
posed TO have been made 70 him BY Mr. Ernest