The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1893-08-26
TWO NOTABLE SPEECHES
Senator Vest Takes al Opportunity to
Score Carlisle,
HILLS REMARKABLE UTTBRAEOE
The New York Democrat Makes q Mag
niGcent Effort in HIS Support Of the
Free Coinage I'M.
HILLS REMARKABLE UTrBRAEOE
Associated Press.

Associated Press.
Washington, Aug. 25.-vest sent to
the clerks desk today, to have read, a
communication from the director of
the mint, giving statistics of the guam
tity of silver bullion purchased since
1873, the date of the Bland-Allison act,
it's cost, the amount coined, etc. Vest
summed up all these figures to show
that If all the silver dollars were re-
scinded at the ratio proposed in the bill
GO to u there still would be profit to
the treasury on the whole silver trans
actions since 1873, Of over fifteen and
one-quarter millions. He intimated
pretty broadly that Carlisle in his let
ter to Senator voorhees, on the same
subject had net treated the matter
fairly. Hill OF New York, then deliv-
cred his speech The existing financial
disturbance, Hill found, was attribut-
able to three distinct causes. First, it
was the natural and inevitable result
of many years of real or fictitious
prosperity. Second, some portion Of
the present panic could be traced to
q concerted effort on the part of the
monometallists to produce it in order
to discredit silver. Third, the silver
purchase law. Hill did not believe that
the simple repeal of the Sherman law
would at once restore abundant pros
perity, but that many years would be
required to recover from the present
disturbance. He was bi-metallist, and
stood for free coinage at the proper
ratio. A permanent remedy for our fin
ancial difficulty was to return to BIZ
metallism as it existed prior to 1873.
He favored the increase OF the Nation
al bank circulation as proposed in the
pending bill. Continuing, he said, that
the question of ratio, If changed at all,
should not be enlarged but diminished
to 151S. He should refuse to follow in
the footsteps of any administration
that sought to place the democratic
party in false position and lead it
into the very camp of the enemy. The
Sherman law should be repealed as a
measure of temporary relief. Next De-
cember a permanent system should be
considered.
The chief interest today in the sem
ate, centered in the speech of Senator
Hill, who defined his position on the
financial question in q speech Of near
ly two hours duration. Nearly every
member was in his seat attentive list
eners and many senators crowded over
to hear the distinguished senator II
am a democrat" which has now be-
come proverbial, was recalled today
by his forcible declaration on the fin
ancial question, when as usual, he
epitomised his silver views in a single
sentence: 81 am bi-metallist." The
chief surprise of the speech Of Senator
Hill was the position he assumed, min
imizing the Importance of the revision
Of coinage ratio and his suggestion
that international bimetalllsm might be
got by holding out an inducement to
the Latin Unon countries to recoin at
a profit rather than at aloss. He gave
greater satisfaction to the Western
free coinage people than even the most
sanguine had expected from his argu-
ment. There was dead stiffness in the
senate when the speaker referred to
the statements of President Cleveland,
attempting to lead the country to mon
ometallism, and when he made his
comment thereon, concluding with his
defiance to the presidential domina-
ton 81 shall refuse" said he, Ito fol-
low in the footsteps of any admInistra-
ton that seeks to place the democratic
party in false position; that seeks to
lead it away from democratic princi-
pies and platforms and into the very
camp Of the enemy. The president
must rely upon republican votes to
carry out any such suicidal policy"
The democratic senators looked gloomy
and unhappy, but a smile of amused
satisfaction covered the faces Of the
republicans. Referring to the tariff, the
speaker said: The democratic party is
pledged to tariff reform and 1t must
redeem its pledges, come what may.
The people perfectly understood the
question last fall and they voted with
their eyes wide open. Our course is on
ward, and we chall not recede." In
conclusion, Senator Hill said: "No one,
be he a democrat. republican, or a
populist. should be deferred from vot-
ing for this bill simply because 1t is
hailed as an administration measure.
That furnishes no argument for or
against it. Mr.. president, this bill is
going to pass this senate. believe it.
I predict it,"