Morning journal and courier., 1893-02-07
THE SENATE REFUSES

THE SENATE REFUSES
 To Take Up the BIll for the Repes of the sherman Silver Law-Senato Hill Voices New York,s Interest i
 the Matter - MT. Morrilps Com
 ment.
 : WASHINGTON, Feb. Preliminary t
 the conference to o-morrow between the set
 retary of state and the Hawaiian commis sioners conferences were held to- day. Whs
 was accomplished at these conferences can
 not be ascertained, but their frequency an,
 the length of time they lasted are ground
 for the belief that the government vii
 have some definite information to impar
 to the commissioners at to-morrow's ses
 sion bearing on the policy of the United
 States on the annexation question. Tn,
 secretary of state said to-day no arrange
 ments had been made for the reception o,
 the Hawaiians by the president.
 Senate.
 MT. Hill presented 6 petition of the busi.
 ness men of Rochester, N. r., irrespective of party, in favor of therepeal of the sher. man act, and said that in connection with the presentation of the petition he desired to submit to the consideration of the sen- ate some remarks on what was known as the silver question.
 1 MT. Hosr inquired as to the status of the bill to repeal the Sherman act. MT. Hill said he had stated last week that during the morning hour to-day he | would make motion to take up the bill: and he contemplated making such a mo- | tiop.
 After good deal of confusion and par liamentsry wranglipg the senate was finally motion to take up the bill for the repeal of the Sherman act, and the motion was re- l jscted-yeas 23, nays 42.
 It was true, however, that he had been informed that other senators desired to speak on the subject, and he thought he ought not to 6submit speech and then to press the question to @ vote. He should make the motion which he had con tenn plated, but he should ask to have the bill laid on the table for few days and then made special order, so that other sens- tors who desired to speak might have an opportunity to do SO.
 MT. Hoar remarked that making the bill special order would not give the measure any special advantage.
 MT. Allison did not want to interfere with the regular proceeding. but he hoped that the senator from New York would make such motion at the conclusion of his speech as would give other senators an opportunity of briefly expressing their views on the important question.
 MT. Hill then began his speech. He said two and half years ago, he had been ex ceediDgly shocked and alarmed; and that four months before his election to the sen ate he had gone to the city of New York and there publicly taken issue against the principle of the policy embodied by that law, endeavoring to arouse public senti- ment that would demand it repeal. So that instead of silence and apathy there was now in New York an entire uuanimity in favor of the repeal of the Sherman act
 MT. Hill quoted from the platforms of the two great national parties at Chicago and Minneapolis. both of which, he said, demanded the use of both gold and silver as standard money. It was his duty, he said, to the city and state of New York to ask in their behalf the immediate, uncon- ditional repeal of the Sherman law, which would bring season of financial calm in- stead of wide spread fear of monetary panic. It was his higher duty Consider ing the state of opinion in the senate) with respectful deference to his colleagues of both parties, in whose hands were wisdom and decision, to advance and substantiate one controlling reason for the repeal of the was 8 necessary, safe and (for the dsy) sufficient free bimetallic coinage.
 The interest of New York in the gold and silver question was identical with the inter. est of every other state; but the real con- munity of interest between the money metal states and every other state was likewise undeniable. Silver purchases, he said, could never prove their professed ob ject. It was clear that silver purchases were the polar opposite of free silver coin age; but they were worse than opposites They were effective contraries to free bi- metallic coirage-whether they were he asked, had the purchase of silver to it's parity with gold, or what earthly relation had the purchase of gold to it's parity with silver.
 Four years ago, he said, the treasury had $21S, 1000. 900 in gold; now that sum had dwindled to $1O0,000, 900. A revival of the Bland-Allison act would keep up the shrinksge. The Sherman law was un- dermining the power of the treasury-if not to continue the discharge of the na- tional debt, at least to meet the parity ob- ligations of the government-and was op- erating an enormous shrinkage in the business of the country and its total circu- lating medium. Blight of enterprise, the dread of financial disaster and consequent shrinkaee had caused the export of gold. What other part of American currency, he asked, had been exported! Everything had been done during the last nineteen years except the old and only coupling of the two metals by free coinage. When free bimetallic coinage ceased in 1873 parity ceased, and the gold half of the worlds money became dislocsted from the silver half.
 When tbeir coupling would be renewed their stable parity would be renewed. Nothing could establish parity except free bimetallic coinage.
 MT. Hoar-Let the bill be taken up first.
 MT. Vest gave notice of an amendment providing that silver dollars, 4123 grains in weight, shall be minted in the several hints as provided In the act of 1887, which coins, and all silver dollars heretofore coined of like weight and fineness shall be legal tender for all debts, public and private, except where otherwise stipulated in the contract, and it directs the secretary of the treasury to purchase from time to time silver bullion (not less than two nor more than four million ounces a month), and cause 1t to bs coined monthly as fast as purchased.
 MT. Merrill said he had listened atten- lively to the very interesting speech of the senator from New York, but had failed to discover whether he was for bimetallism or the present ratio of silver or not.
 MT. Stewart-I object to discussion.
 MT. Morgan demanded the regular order of business and the vice president decided that the motion to take up the bill was the order.
 After a great deal of confusion and wranglingsthe question was brought to di- rect vote on MT. Hills motion to take up the bill to repeal the Sherman act and the motion was defeated-yeas 3 2, nays 42, as follows:
 Yeas-Messrs. Brioe, Cafery, Davis, Dixon, Faulkner. Frye, Gsllinger, Gibson, German, Hale, Hawley, Hill, Hoar, Mo Pherson, Mills, Morrill,, Palmer, Proctor, Sherman, Vest, Villas and White--2s. Nays Messrs. Bate, Berry, Blackburn, Blodgett, Call, Carey, Cockreli, Coke, Gull lon, Daniel, Dolph, Dubois, Felton, Cor don, George, Hsnsbrough, Harris, Hun ton, Irby, Jones of Nevada, Kyle, McMil- lin, Manderson, Mitchell, Morgan, Pasco, Pefler, Perkins, Pettigrew, Platt, Bower, Pugh, Ransom, Shoup, Squire. Stewart, Stock bridge, Teller, Turpie. Vance, Voor- hees and Wolcott-42.
 The following pairs were announced Messrs. Allison and Stanford, Camden and Paddock, Aldrich and Wslthall, Gray and
 Butler, Higgins and Sanders, Hiscock and
 Jones of Arksnsas, Quay and Wilson, Saw l var and Cameron