The Bessemer indicator., 1893-09-02

a1llllll1llllll
every section and each of the Territories
which is comprised within this country. New
York has no mission except that she can ad-
minister TO your necessities and yoar wei
fare
Nr. Bland next took the floor He said
that II the gentleman from New York (Mr.
Cockran), whose financial theories were evl.
IDENTIFY gained from manipulation Of the
Stock Exchange, would 10 to that great eoun-
try from which he had said wera obtalned
Agricultural produo,s which were shipped
abroad In order To bring back the European
gold necessary to sustain public credit, he
would understand why the gentleman and
himself were practically different in their
views. II was true, as the geouetiian had
-aid, that II WAS Ia the product oi the soil OF
this country That the fnanciers of this govern
meht looked to bring back gold OF Europe In
order TO maintain our present financial sys-
ten. Bat the gentlerir- has falled To tell the
Houst of the difficulties under which the far
cot- labored In order to do this patriotic ser
Vice. He had not told the House that there
was a corner In the gold OF the world. As
long as the gold OF the world was eorIcr.d by
the legislation of the United States the gold
men OF the South and West could exact thelr
own price for gold. All the dogmatic utter
ances of the gentleman from New York were
made In the face of history and In the face OF
truth. he MIR. Bland did not defend the
Sherman act; and II he could put In Its place
provision for the free coinage OF silver at a
ratio of lG to he would vote for Its repeal
To maintain gold standard meant To de
moueiize silver sud TO lower the price OF labor
The Wilson bill asked the United States Con-
grcss to 50 legislate rs 10 add To the prosperity
of England and Australia and TO the distress
and adversely of the farmers and miners of
A M Jlp huI ,tlt adj ataIt he ShHr a n
law. He had voted against 1t, but It was now
the last bulwark OF silver 1t was now pro
posed to demonctlze silver Now was the
time TO let the country see who were the
friends OF silver and bimetallism in this
House 10 strike down silver would ,mean n
political revolution that would strike down
both great political parties. For one, he was
willing 10 Join the people, even though De
mocracy would have TO go to the wall,
Monday, August 2sth.
sENNrE,-The Senate to-day by the vote OF
~ to % decided Mir Mantle OF Montana and
Mr.. Allen Of Washington are not entitled TO
seats and that governor of = state has not
the right TO appoint senator TO I'LL vacancies
caused by the expiration of a regular term
not happening by resignation.
The House bill to repeal the sherman act
was laid before the Senate and referred To
the committee on finance Mr.. voorhees, an
nounecd there would be prompt action by the
committee tomorrow
Notice was given by MIR. sherman that he
would address the Senate next Wednesday on
the silver questions and by Mr. Wolcott for
Thursday. Mr.. Platt from the committee on
Indian affairs. reported bill authorizing GER
tain Cherokee nllottecs or claimants TO pur-
chase land held by them. He explained that
under the recent agreement with the Chcro-
KEGS seventy Of those Indians had occupied
and made improvements on the land oeded
In the Cherokee outlet 1t had turned out
that more than seventy of them had equities
in the land, and the bill simply authorizes
the secretary Of the Interior 10 allow those
who have such equities rights to purchase
the same price therefor white people pay.
The bill was passed.
The bin allowing the banks TO increase
their circulation up 10 the par value OF the
bonds deposited by them was taken up, the
question being on the amendment of Mr.
Cockrell, redemption of such > per cent bonds
as may be made and the payment therefore re-
ceiycd In a new issue of treasury notes The
vote was taken without discussion and the
amendment was rejected; yeas %, nays 20,
Mr. Cockrell then offered an amendment
holders OF any United States
bonds TO deposit and receive In exchange legal
tender notes equal TO the face value of the
bonds. The bonds arc to be held in the trcn-
sury, subject to redemption in the same
amount Of legal tender notes, which are then
~ ne it-bTbHth. Nu ls 10 ne pau on
the bonds while they are held in the treasury
but when they are again withdrawn the inter
rst to be paddles ~ cents per anuum.
Discussion on the amendment occupied the
rest OF the session.
HousE.-A large attendance OF visitors was
present TO witness the final struggle on the
silver bin
The Wilson bill having been read, Mr.
Bland, Democrat, OF Missouri offered his
first smendment-that OF free coinage at the
present ratio of lG to land 1t was defeated
by vote of yeas l23, hays 226, amid applause
from the nutl-sliyer men. who received one
more majority than they expected. The yeas
included 100 Democrats, l3 Republicans and
II Popull4ts. The NAYS included 10 Demo-
rrats and Ill Republicans. Not nearly as
much Interest was taken In the second vote,
which was on the ratio Of Il to /. The de-
sislye vote on the 10 to ratio seemed to dis
ieartcn the silver men and in the place Of
he attention which was paid to the first was
substituted listlcs-ncas which spread
throughout the vote. The vote resulted in
he defeat of the amendment. Yeas 100 |
nays 2i0. The Popuist members did not
iote.
The IS to standard was defeated by Il vote
H. yeas lU2. nays 23g.
The House then voted Immediately on the |
70 to amendment, and It was defeated
ieas 1903, nays OBS.
Then came the 20 TO ratio, and this was
n turn defeated though 1t showed more
trength, the vote being yeas l2l, nays 222.
The proposition to re-enact the Bland-Alli- !
ION act Ms a provision 10 the repeal bill re-
,eived the strongest support, but even that
was defeated by majority of -, the vote
tanding yeas l3G, nays 2l3.
The vote was then taken upon the final
passage Of the Wilson bill, and 1t was passed,
ieas 2i0, nays 110.
The announcement Of the vote on the
to the Wilson bill. providing for
sIHufNF .asf 41rHeaH E.f
Sas received with applause and some surprise
At the majority against free coinage, 1t be-
ng nearly double the largest estimate made By
he anti-sllver committee. Mr. Bland, from a
seat at the extreme left Of the speaker, smiled
Srimly as he heard the result, neryously chew
ng and rocking to and fro In his pivot chair.
The figures show that a ma iorlty of the Demo
Gratis voted against free coinage Mr.. Bland
asked yea and nay vote on the question Of
free coinage at the ratio Of II TO |, and secur-
ed it. As the clerk began calling the roll
Mr.. Bryan walked down the center aisle calm
and grave around TO where the silver leaders
sat. They sat In consultation some time and
then Mr. Bryan by easy stages made his way
back to his seat.
The vote on the second ratio amendment
made slightly better showing for the silver
men, not because OF a considerable Increase
In their vote but by a falling off in the num-
ber OF their adver-aries, By the time the
third vote was called Mr.. Bland had recovered
his Wind enough to make the demand for the
yeas and nays himself, although he did not
stay IN his seat long enough to see how things
were going. The anti-silver men also, who
had united their efforts to prevent further roll
call, concluded to let the thing go and put
everybody on record on every phase of the
question.
Tuesday, August 2oth.
SFSATE.-Mr. Voorhees,, chairman of the
finance committee, reported back the house
bill repeating part OF the Sherman act. with
an amendment In the nature of substitute.
He asked that the bill be placed on the calen-
dnr, and gave notice that he should ask the
senate to take II up after the morning bust
ness from this time on until final action be
fgkpu The substttut. hc at tva. ,YuntI,+