Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1893-11-02
THE REPEAL.

The Voorhees, repeal bill has passed the
senate just as it came from the commit
tee, and will no doubt be speedily concur
red in by the house, if it has not already
by the time of this publication. Voting
began on Friday when PETERS amend
ment was voted down by 80 to %, eight
cen senators being paired; then by a vote
of So to the Voorhees, substitute was
put in the place of the Wilson bill, with
the understanding that it should he SUBJ
ject to amendment the same as though it
were the original bill. On Saturday all
of the amendments were voted down by
an average majority OF ten, except that to
re-enact the Bland-Allson bill with its
coinage OF two million dollars 4 month,
which was defeated by four votes only.
Monday without unnecessary delay, only
as various senators desired to give
reason for their vote, the question arising
upon the adoption OF the bill it passed by
4 majority of eleven, the same rs that by
which PETERS amendment was defeateted,
AZ voting in favor and 81 ageinst, and
there being ten senators paired.
And thus, without demonstration other
than sigh OF relief that it was over with,
ended the great struggle. The bill is as
follows:
BE it enacted, ETC., That so much OF the
act, approved July II, 1890, entitled "An
act directing the purchase of silver bull
lion and issue Of Treasury notes thereon,
and for other purposes, as directs the
Secretary OF the Treasury to purchase,
from time to time, silver bullion to the
aggregate amount OF 10000 ounces, or
so much thereof as may be offered, in
each month, at the market price thereof,
not exceeding 81 for 371.25 grains Of pure
silver and to issue in payment for such
purchases Treasury notes OF the United
States, be, and the same is hereby, re-
pealed. And it is hereby declared to be
the policy of the United states to continue
the use OF both gold and silver as stand.
ard money, and to coin both gold and
silver into money OF equal intrinsic and
eXchangable value, such equality to be
secured through international agreement,
or by such safeguards Of legislation as
will insure the maintenance of the parity
in value of the coins Of the two metals,
and the equal power OF every dollar at all
times in the markets and in the payment
OF debts. And it is hereby further de-
clared that the efforts Of the Government
should be steadily directed to the estab-
lishment OF such Il safe system OF bimet-
alism as will maintain at all times the
equal power OF every dollar coined or is
sued by the United States in the markets
and in the payment Of debts.
Look at the bill, read it, study it, the
silver men have no just cause for COM
plant; we contend that silver is on
more substantial basis than before repeal,
not silver dollar has been discredited.
but on the contrary while yesterday its
value was speculative and it was looked
upon with suspicion and distrust today
its value is assured, and we look at its
shining face and say, "Well, old dollar,
you did come out all right, but you We
had a pretty hard time OF it," The next
step will be to provide for the coinage OF
as much silver as can be used without
disturbing our business relations with the
WOIlu' llOW IluCIl tIldl Will Dc uepcLluS
to great extent upon the increase of our
trade with the silver using rations TO the
south and west OF us.
The struggle has not been without its
redeeming features. 1t has been an edu-
cational one; the people have studied the
subject, and have seen how by the very
law OF supply and demand the relative
values OF the two metals have varied in
the past, and how by the same inexorible
law they must forever continue 50 to do.
Hence the necessity for the adoption Of
one or the other as Il standard. The ma
tons of the earth with which we do bus
mess have adopted gold for that standard
and ii we wish our business to stand on
the same footing as theirs We must do
likewise.