St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-31
this legislation l shall simply say that


1t IS falsehOod, and brand it So"
TT IS strange" said Mr.. Sherman,
that on the vote on this bill that the
distinguished senator from Nevada
Mr.. StewarD voted for it, and l, the
devil fish, voted against it,"
The last remark was in reference to
al epithet applied to Mr.. Sherman dur
ing debate in the house last week.
Senator Stewart retorted that IN due
tine ne would explain how lie came to
vote for the bill.
about it," said MIR. Sherman with much
warmth. "and DO fact can be proven
more clearly. Fhe statement so often
MADE to the contrary is falsehOod and
lie; care not by whom made"
IL was some times said that Gen.
Grant knew nothing of this demonetiZa-
ton, continued Mr.. Sherman. What of
1t? Gen. Grant was not financier, but
his secretary of the treasury wrote a
report
Urging the Passage
of such bill. In the face of such a
report, how could members of congress
plead Ignorance? He would rather
stand here and say he voted knowingly
and understandingly than shirk respon-
slDlllty by pleading the baby act
He quoted from speeches made by
MIR. Stewart in 1878 and 1874 these
words: II want the standard gold, and
no paper money that Is not redeemable
III goid. BY this process we shall come
TO specie basis, and when the laborer
snail nave MS dollar 1t will have the
the same purchasing power of dollar.
Gold Is the universal standard Of the
world. Everybody knows that"
Inc reaoing of these quotations.
showing such remarkable change of
opinion on the part of Mr.. Stewart. pro-
Voked general laughter at the expense
OF tnat senator, who looked somewhat
bewiidered, but only stroked his long
beard. subsequently, however, he
promised to reply to Mr.. Sherman on
Friday next. Mr.. Sherman followed
up MS advantage over the Nevada SEN
ator by exhibiting a newspaper pub
iIshed ill that state. one whole side of
which was occupied with notices of as
sessments on silver mining stock, all
payable In United States gold coin.
linen he came back to the main subject
OF MS speech, and said:
II do not think that the stoppage of
silver coinage was the
End OF Silver.
'We have proven that the mere pur-
chase OF silver by us on declining mar
ket IS an i'm 2rOvident use of the public
money and ought to be abandoned, or
at least suspended until time may
come when when by an international
agreement, or by some provision of law.
we may guard against the possibility of
coming to single standard of silver.
This is not question of mere interest
to \ eVada or Colorado. 1t is not ques-
ton Of what Wall street will do. Wall
street will always be doing some devil
ment or other, it makes no difference
who is up or down. l take that as
matter of course. The question is what
should be done for the people of the
United States i'll all its length and
breadth, and therefore if congress will
say that in its opinion it is not wise to
continue the purchase of silver bullion,
there will be no injustice done to Col
oradO or Nevada"
Recurring to the suggestion of author
lZing the issue of bonds, Mr.. Sherman
said: II am willing to trust to your eX-
ecutive officers. Ii you are not, il is a
strange attitude in political affairs. I
would give them power to protect the
credit OF the government at home and
abroad. If the fight must he for gold,
would use our cotton and our corn and
our wheat; and | would protect our
credit against all mankind. AS to silver.
l would say that we prefer to wait
While until the
Skies Are Clear,
until we see the effects of the suspen-
sion of silver coinage, and see what ar
rangementS can be made for another
international monetary conference. In
the meantime. let the United States
stand on its strength and credit. l
think that soon all these clouds will be
disSipated, and we may go home to our
friends with the conviction that we
have done good work for our country
at large" LApplause.
Mr., Sherman concluded at 2:40. hav-
ing occupied twohOurs and ten minutes.
Portions of his speech were read from
manuscript, but the greater part of it
was delivered eXtempore and with
great rapidity and force. He was list
ened to throughout with unflaggiug at
tention and interest. When he had con-
cluded the repeating bill ION which he
had spOken) was laid aside. and the
national bank circulation bill was taken
up to allow Mr.. Teller to finish the
speech which he had begun Yesterday.
MIR. Voorhees, gave notice, however,
that after the morning business tomor-
row he would ask the senate to take up
the repeal bill, and would do so from
day to day, subject. OF course, to his de-
sire to accommodate senators. Mr.. Tel
ler then proceeded with his speech.