The Helena independent., 1893-08-23
IS A YELLOW DEMOCRAT
Voorhees, Loves the White Metal
but Talks for the Yellow
Metal.
One Of His Loud Sounding
Speeches Delivered In the
Senate Tuesday.
He Formulatcs Five Propositions to GOV
ern Coinage and Currency-Noto on
Mantle Wednesday.

WASHINGTON, Aug. 22.--Senstor Voorhees,
addressed the senate this mo ming as leng'n
on behalf Of bis motion repsalina the pur-
chase clause of the sherman act. lie ex-
planned the action of the president In con
vening the extra session, owing TO lost con-
fidt nce in the fRancial world. This loss OF
confidence he said. was not in the credits OF
the government. which was better to-day
than thAt of any other on the globe. He
p aised the standardization for its refusal to
crafty the demand Of capitalists for the
issue of $500, 900. 900 mo7e in bonds.
He summarized the elements OF the ma
tion's financial strength within its own boE-
ders and regretted that legislation had
checked our toi eiHn trade and had left I'D
to-day without a commercial friend in the
world. He hal faith that tho giant evil
which had crippled the commerce Of the
country would be removed. with other evils
which challenged attention and action. II
the true greatness OF the country wal
studied IL would be seen that financial
yanics and almrms could have NO founda-
tion here. There was another exceedingly
powerful test Of the governments credit
Money was simply medium for the ex-
change Of values; money was creature,
congress it's creator. Gold and its alleged
intrinsic value went for nauRht as cir-
culation medium, unles the coin bore
the stamp of the government. The same
official stamp on silver or paper AZ
once ennoblss them to the same quality
with gold in chasing power, NO mater
how dabaged or valueless the material may
have become as com odities by sinister or
unwlse legislation.
There we're nine different curroncies used
in the transaction Of business in this coun-
try which should be SO uniform in purchas-
ing and debt paying power as to make them
interchangeable. Never but once had these
currenoies been disc edited hy tho govern
ment and that will never happen again. 1t
was the duty of the government to furnish
sound, reliable, constitutional money for
the people.
out rreoedent or parallel in American his
tory; Law which had ,esulted in financial
panic and alarm and distress, and for
whose repeal congress has been convened"
He cha Roterized il as mpronise, born
in an evil hour, the worst and darkest
that ever befell the cause of bilnetailisn
or the honor and existence of silver
money. He characterized it as a repub-
lican measure to induce the producers Of
silver to su render their rights to free coin
age, Its creators now stood ready to leave
their victims of misplaced contidsn ce empty
handed, without the privilege OF ooning
their silver or ceiling IL al mercantile
commodity to the government.
Silver degraded TO a commodity could NO
longer hold Its place with gold as part Of
the specie basis of this country. and was
now resling, staggering under the blow
until its enemies predicted with JOY its
speedy destruction. He congratulated the
hat Oil rr1A n kin
vote had been cast in favor Of the act. Az
bimetsllist he voted sgsinst the passage
of the Sherm an act, and for the Same rsn.
son he would now vote for its repeal.
voorhees, avowed his unshaken faith that
silver would remain forever one of the
woild's great and potent factors of finance,
commerce and traffic. in daily business
transactions. 1t would neither be demone-
tized nor driven away from the habitations
of the greater masses of mankind.
The question will be asked whether votss
should be given for the unconditional re-
peal of the law before a substitute has been
agreed upon. He was in favor of eradicat-
ing this confessed evil from the body of our
laws with no other condition than his right
and free ability to support and secure in
connection with its repeal. Or afterward by
independent measures, sound financial
system, embr scng tas coinage Of silver On
an equality with gold. which had been the
de eclaration of the Chicago democratic Plat.
form.
Voorhees, defended the president from
the charge of insincsrity in connection with
the silver plank OF the party. He said the
y esident had never recalled, retracted or
explained a single word Of his letter of ac
ceptance, which was just as binding as
when first given to the void. He Was
willing TO stake his faith in the truth and
honor of Grover Cleveland and his well
known fidelity TO pledges when once made.
he paid high tribute to secrstary Carlisle
and said:
God help the democratic party If we are
to turn our backs on such men as the psssi |
dent and his secretary"
He spoke Of ratio as 8 matter OF detail
which congress- would accomplish on fair
basis. H. said the peo1le would not tolsr-
ate single gold stendafd, and then ad-
. fishness and greed Of the money
power which had done so much
to aggravate the financial sitnation.
and spoke in favor of tine p essns gena on
system GE helpful in tie DIST ihution of
money; urged the neoes NY of the eovern-
ment roviding new eirunatiug med un
i'll the place of that furnished at !rssent by
national banks.
He favored, in addition to money issued
by tbs Gove nlaent, p currency, pre- erly
guarded issued Dy state banks.
lie urged tbe raeesBitY OF financial leeis-
lntion, a. Which woula fu ntsh sufficient
volume Of currency On q ractioab!e speule
beris guaranteed by pub ic honor.
(2.) To deprive indivdua.s, corporations
or syndiogtes of the over to cAuas 1uotua-
ton IN the a,nount of the tforent cu1fen.
elias in circulation.
80 To maintain on parity gold, silye,
and paper money.
- fo settIt the status Of Ei.v2r money
by authorizing il TO form q portion Of the |
specie breia eqnirei hv chartered bAnka