The times. [volume] (Richmond, Va.) 1890-1903, 1893-08-23
Then q Sufficient Volume Of Currency,
National and State.
The SPEECHES in The HOUSE.
Mr. Bynum and Others, Including Mr..
Jones, of Virginia. on the All
Important Issue.

H.
Nr.Johnson (Ohio)introduced his incon
royertble bond bin and had il referred
10 the banking and currency committee.
with leave to report at any time after the
silver debate.
The silver debate was then resumed and
NirBuckuU Dem, WIS., addressed the
House in favor of the repeal OF the pur-
chasing cause.
MrNaloy Gla) was opposed to the
unconditional repeal Of the purchasing
clause OF the sherman act and he was also
opposed to The free coinage Of silver at the
present ratio Of 16 10 1. lie regretted that
some middle ground had not been reached
lie attributed TO the tariff the greater
share Of the present depression but the
dem0nitazation Of the silver would still
further separate the wealthy classes from
the working classes
MTHopkins tRep., H. argued against
the the Bland amendment to the Wilson
ll and in support OF the repeal measure
lrLanelDe HIS spoke in support OF
free coinage, contendng that a silver
dollar was the equal Of the gold dollar.
ST. Newlands. pop. New voiced the de-
mand Of mis- region when he vigorously
olFocated the free coinage Of silver.
hr bynum in advocating the Wilson
DID. said that unquestiOnaby the vast
majority Of people believed that the
sherman law was responsible for the
evils described by the President He
highly eulogzed the action OF Secretary
Carlisle In refusing 10 issue bonds He
I'D not believe that a vote would be
changed under the threat that a Rep
resentative would lose his seat who
voted for the Wilson bill. The United
states could not open it's mints 10 free
coinage az any ratio, with the mints Of
al the other civilized nations closed
against IT, This country could on no
ratio that would give a fixed value to
silver. IL the United States should ADOPT
q free coinage act there would pour into
this country iH one year more silver than
-he mints could coin in ten years. The
free coinage Of silver at this time
would be the severest blow that could be
struck at that metal. Free coinage hefe
meant silver mOnometallism, and no one
was arguing 10 destroy the silver metal
more utterly than We're the advocates Of
The Bland amendment Should free coin
age be decided upon he would bid fare
well 10 any nope for tariff reform.
Republican Sarcasm.
Mr. Hepburn { Rep. Iowa } rldiculed
the idea that partisanship could be elm
i..A.NA AAR III tlllE NtUdlr tdllllZeu Mf.
bynrm "a man. who had defied Speaker
Reed I'm the most insulting terms for
asking that cant and subterfuge
should Doe eliminated from this discussion
lie opposed the repeal Of the Sherman
law, ald protested against the shifting
process Of legerdemain by which the
Democrats attempted TO place the res
lonsioility of the repeal upon Republ-
can thoulders
n'r I.rla II.r, ", 4 ovr.oeo4 tt,r
diuoral repeal Of the purchasing clause
and favored free coinage. The existing
conditions of affairs he attributed ,
not 90 the Sherman Act. but 10 that ini- |
guilty on inlqulues-the Mckinley act.
The House then at 9 O'Clock took a
Zee ss till S O'Clock. but only after an |
agreement that during the remainder of |
tte week the daily hour OF meeting
shall be ten O'Clock
Tn the Senate this morning Mr.. Allen |
offered an amendment TO the Voorhees, |
repeal bin in the form OF a provision |
FOR the coinage Of silver at the present |
ratio OF 10 10 /, under the same condi- |
tions enforced as 10 the coinage Of gold, |
and directing the coinage without un-
necessary delay OF the silver bullion now
in the Treasury. it was referred TO the |
finance committee ,as was also bill in
troduced by Mr. Pfeffer for the reduction |
Of the salaries of all government officers |
Of 81 900 and upwards by Is and 20 per
cent
MIR voorhees,. chairman OF the finance
committee then. at 1928 took the floor
and addressed the Senate In advocacy OF
the bill reported by him disseminating the
purchase OF silver bullion. The speech
had been prepared by him in advance
and he delivered il from typewriter
sheets. but fl was spoken with all the en-
that AIR Voorhees, |
las ever displayed I'm a speech before the
Senate. From the first sentence he com
handed the close and earnest attention
OF Senator's on both sides Of the chamber
and OF an unusually large audience in the
galleries
Senator voorhees, said that while the
calm unbiased opinion of a great majo-
rty Of the American people irrespec-
tive OF parties has Justified the acuon OF
the President in convening the extra SEES
sion the causes for the action were wide
ly and dangerously misunderstood, and
by certain classes purposely misrepre-
Gented Therefore he deemed fitting a
few words in explanation. spoken In no
spirit OF strife or controversy. For I'VE
months had gone up the voice or the
prophet OF financial evil. from the great
money centres had emanated cruel edicts
contracting the currency ano resulting In
of confidence in the government credit |
or I'm the stability OF IT'S currency, not
the empty treasury left
by the last administration and the re-
cord Of a billion dollar Congress The
American credit was better today than
that Of any country on the globe. and ;
even cowardy capital seized upon our
bonds with swift greed. Investors OF capt.
tal complained that the administration
lao refused 10 issue at least three hun
cred millions more. This additional in Z
oebtedness, increasing the burdens OF
american labor. would be hailed with
delight and swept with avidity into un-
patriotic vaults by the very parties who I
most loudly declaimed against the go- !
seinment credit There were many rea-
oohs why our credit should be stronger (
10" than ever before IL rested on the I
apsoiute unity Of purpose of the Ameri- {
an people that IL should be upheld | {
s 10 one but political madman could
1eVm political contest In this country | /
s|ser | again possible on lines OF sectional
!, 1,,'iihosity The public credit OF every / J.
i, - Vpeah government was INCREASINGLY | n
bi,.ea,ened by shadows OF coming wars; @
~''cis' resources tnere were constantly i