Rocky Ford enterprise., 1893-09-21
SILVER SENATOR'S ARE TALKING,
FACTS. ARGUMENTS. REASONS.
No Danger that the Repeal Bill VIII Be,
come = Law for a While Yet
House Preparing for
Business,
Monday, Sent, l1th.

in any national bank. He said the organs
OF Wall and Lombard streets had for several
years been charging senators representing
silver states with voting on matters In which
they were personally interested. He had
not Tor fifteen years been interested in any
respects personally in any silver mine or
Mr.. Hill Democrat, New York; thought
tho resolution was not wise one, and he
gould not believe that the senator from
Nevada was serious In presenting It, 1t was
an unprecedented and unhenrd-of resolution.
"Sir, cannot resist the conclusion" said
Mr.. Hill, In tones Of gravity, that the In
production Of this resolution is to some extent
reflection upon the Senate, the Intimation
influenced by holding stock in national banks
In reference to the passing of financial meas
ures. The Senate would belittle itself by
lnstituting any such inquiry. think it was
an nncaiied-for and unnecessary resolution"
objection from Mr.. Hawley (Republican.
ConnecticuD sent the resolution over until
tomorrow.
Mr.. Teller (Republican, Colorado) who was
entitled to the floor, yielded to Mr.. Pugh
he said that the message of the President,
calling an extra session, was a declaration in
favor OF gold standard. II the Sherman
law was Internationally repealed such ac-
tion would cause discomfort among the toll
Ing millions to such IN extent that they would
shake the country. He would never vote
substitute which carried out the platform Of
uhe Democratic party.
Mr.. Teller then resumed his speech begun
on Saturday last against the repeal bill. Mr..
Teller asserted, and he believed 1t could be
demonstrated, that II 1t had not been for pre-
concerted effort In the money center of the
country to prevent 1t, the first of September
would have seen better times in the finances
encing to-day. 1t was admitted now by ali the
great financial authorities Of New York that
the panic was over. He met one day recently
gentleman Of national reputation and said
Thns vii th' be tne e'er
who called it on, call It OF. The bankers of
New York called It on; when they get ready
to call it of, IT will come on"
Tuesday, sept. 12th.
SENATE-The Vice-President laid before
the Senate q letter from the Treasury depart
ment In relation to the redemption Of silver
certificates. 1t 10 stated that 81 ,273 287 Of the
notes provided for BY the Sherman act were
redeemed IN, IN silver coin during August, 1898,
that $174, ,O6l ,242 (coinage value) Of silver
bullion purchased under that act and subject
to coinage is now held In the treasury. Also
. letter from the Secretary OF the Treasury
stating that there was available on the 7th
inst. for the enforcement of the Chinese ex-
-clusiou act COS, 500.
Then the repeal bill was taken up, and: Mr..
Mitchell Republican, Oregon) took the floor
the disastrous effects Of the depreciation Of !
silver In the interests Of the farmer, showing
how the price Of all farm products had fallen
with that Of silver The eyes of the money
scionable stock gamblers of Wall street were
centered upon the Senate OF the United
States as never before. They waited with ILL
concealed anxiety the result Of a vote that
would increase by one-half the purchasing
power of gold and cut down in like proper
tion the price of every agricultural commodi-
tty produced in this country.
At the conclusion of Mr.. Mitchell's speech
Mr.. Hawley CRepublican, Connecticut) ad-
OF the passage OF the pending bill and
while willing to be as patient as possible with
the opponents Of repeal there was one general
misstatement which had been iterated and
reiterated until he was tired of it That was
that there was somebody who believed In the
total destruction Of half of the currency of
the world. There was not a Senator in the
would apply. It was terrible misstatement,
q sophistical statement, false statement
practically. Mr.. Mitchell asked whether the
Senator from Connecticut thought any other
legislation in reference TO silver was necessary
after the repeal Of the Sherman act to carry
out his views, and on being answered In the
affirmative asked: "Why not put It in this
81 won't; that is ALL" replied Mr.. Hawley,
and laughter ensued. "If you begin to COM
schemes. you simply xiii the scheme"
Everybody was bimetaliist," said Mr..
fessed bimetallists in the Senate who had
never given vote in favor of bimetallIsm.
1t was bimetallism in which gold was the
standard and silver was subordinate to it."
Mr.. Hawley said If the bill were passed,
and In q few months 1t should develop that
the East and the West were isolated, 1t was
quite competent for Congress to reconsiGer
It's action, and It would be likely to DO so.
Mr.. Stewart then obtained the floor, and
was speaking when the Senate adjourned.
Wednesday, September 18th.
SENArE.-The resolution offered by Mr..
Stewart fo- q &C ommittee to investigate whether
senators are interested In national banks was
then taken Up, .nd that sn 'pGse
list, Nebraska) favored the adoption of the
resolution. He said there were hundreds Of
thousands, II not millions, Of people In the
country who believed that much Of the legis-
lation of Congress was Influenced by the per-
sonal interests Of senators and members. If
they were mistaken 10 was due to senators and
members that the people be enlightened on
the subject. No action was taken.
The repeal bill came up, and Mr.. Voorhees,,
in order to elicit expression, asked that one
week from to-day the general debate close,
with the understanding that amendments
until Saturday at Q o'clock, when a vote
should be taken. Mr.. Dubois of Idaho OBJ
jected, and asked Mr.. voorhees, II there was
. likelihood Of the repeal bill being supple
hees replied that there certainly would be.
Mr.. Dubois said that burnt children dread
the fire. Was there any Senator who could
say that the present executive would sign
bill favoring silverl He had not heard 1t
stated. The Senators from the silver States
did not propose TO repeal the Sherman act,
knowing that for three snd half years at
least no relief could be secured.
Mr.. shoup Qdaho) then addressed the
Senate in opposition TO the bill.
Mr.. Sboup had spoken but few minutes
when Mr. Stewart called attention to the alb
sence Of . quorum. The roll being called,
81 Senators responded, and Mr.. shoup con-
clu led his remarks.
Mr. Dolph Republican, Oregon), who fol
lowed Mr.. Shoup, did not believe that with
free coinage at 16 to l, or 70 10 !, or any
other ratio, the concurrent circulation OF
gold and silver could be secured. The
United States was confronted BY n condition
to which 1t must submit.
Mr.. Teller said that he would reply to Mr.
Dolph come time In the future.
On motion of Mr.. voorhees, the Senate
went into executive session and shortly after
wards adjourned.
HousE-After being Idle the House got
down TO work to-day. The whole day was oc-
cupied in considering the bill providing for
the printing and distributing Of public docu-
rnents One hour and forty minutes was
consumed It deals with the entire question
Af~tp s,( In