The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-10-25

leaves the SILVER dlTedQy coined uD-
touched. unimpaired, but does IL not
effectually destroy any hope. any pros
pect of the further coinage OF silver as
money?
Does Not Demonetixe.
Mr.. Voorhees-In the language OF the
senator from Tennessee, 1 answer here
and now that the bill does only what I
have said. IL does not demonetize a
dollar of silver money. You can not
demonetize a raw, uncoined material
any more than you can demonetize to-
bacco or cotton. It stops buying bullion.
That is what II does and all IL does. II
demonetiZe bullion; bullion is not money
and is not subject to decentralization.
Examine the phraseology OF your die
tionaries and you will find a thing has
to be money before II can be demonetized.
You might as well talk TO me about de-
monetizing horse or pair of mules or
a yoke of oxen because they have value
as about demonetizing bullion because it
may be turned into money.
Mr.. Harris-I wish 10 ask the senator
from Indiana another question. II you
pass the pending bill can you utilize sill
yer in any way 10 increase the volume
Mr.. Butler-In other words, IL the
senator from Indiana will permit me to
supplement the inquiry OF the senator
from Tennessee does not the passage
of the pending bill absolutely stop the
coinage of silver?
Mr.. Voorhees-Now do not want more
questions put than are necessary. i have
one man on my hands over yonder.
Q4aughter) But / will answer. The
senator from South Carolina does know,
because he ought to know, that there Is
a coinage power left I'm the Sherman act
after the pending bill repeats the pur-
chasing clause. The power is there.
Mr.. Morgan rose.
Mr.. Voorhees-No, I cannot talk long.
I want to get through as quickly as |
can. L could, OF course, extend my re-
marks all the afternoon, but / am not
In condition Of health this morning TO
run into a colloquial debate. But L re-
peat, that even after repeating the pur-
chasing clause of the Sherman act the
power of coinage continues I'm what re-
mains of the act. The authority remains
to coin silver for the payment of the
treasury notes.
Mr.. Butler-May I inquire one step
further, If the coinage provision of the
act, which the senator from Indiana
says is left, is not restricted to the bull
lion on hand?
Mr.. Voorhees-Whether 1t is or not, 1t
is there to coin silver money. 1t seems
to take three or four senators to col
laborate the question l was asked to
answer by the senator from Tennessee,
whether there was any power TO coin
money out of silver after this bill pass
es; and 1 say yes" Now. again, on
the subject Of characterization of silver
Mr.. Harris-The broad answer YES"
tempts me to ask the senator-while
grant that the third section of the Sher-
man act authorizes and not only au-
thorizes, but, in my opinion, requires
the secretary OF the treasury TO coin
so much silver so purchased as may be
necessary TO redeem the treasury notes
issued to pay for it-when the silver
now deposited in the vaults of the treas
ury is coined, II the pending bill passes,
can there ever another dollar of silver
be coined In this country without addi-
tional statutory authority to coin IL?
Mr.. Voorhees, will answer there is
enough silver bullion on hand now TO
occupy the government, as 1 have been
informed, for the next seven OF eight
years in coming IL, and power to do Ii
under the Sherman act that will remain
as part of the laws of the country after
the purchasing clause has been repealed
Now, Mr.. Pi esident, to proceed: If
have accomplished my purpose 1t is
simply TO impress on the public mind
that the charge that the bill demone-
tizes silver is totally and absolutely un-
founded. 1t is simply a bill TO suspend
the purchase of the raw material out
of which silver money is made and the
raw material cannot be demonetized be-
cause 1t Is not money.
But went further when l made the
statement which the senator from Ten
nessee produced here on the floor.
said l should vote for the repeal Of the
Sherman act simply because 1t is vicious
in principle. but it must be in connec-
ton with something better. Sir, can
there be anything worse?
The World Moves.
The senator from Colorado said that
the bill now before the senate was ac-
companied by a very remarkable mani
festo. Sir, he forgets, or perhaps does
not know, that this world has been in
structed, enlightened, moved forward.
and humanity educated by declaratory
purposes far more than by laws ex-
pect when the declaration of independ-
ence, that mighty instrument of dec
laration for future legislative action
was framed and promulgated, there
were those who cried out what a
monstrous and remarkable manifesto
were distinctly of the variegated order.
that is; it does not amount to anything"
have heard senators around me sheer
at the bill before us because il contained
declaration of future purpose. The
world, / repeat, has been educated, man
kind has been enlightened, free govern
ment established in that way more than
all other ways put together. The de-
claration OF independence came from a
voluntary association of men. 1t was
not law. 1t simply declared the pur-
poses to be achieved by laws in the
future and from that day to this the de-
claration of American independence has
been, as 1t We're, the halo, the nimbus,
the light in which the constitution has
been interpreted. John Marshall, who
more than everybody else put together
by his interpretations of that mighty
instrument made the constitution as IL
is today, sought his inspiration, the light
to guide his mighty mind in the deciar-
atory purposes of the declaration of
American independence.
intend, sir, to yindicate this humble
declaration that found it's way into the
pending measure through my own in
strumentality. The great declarations of
the world stand out boldly in history,
but none of them ever received such a.
sanction as this will receive when il has
passed this body, passed the other house
and received the sanction of the execu-
tive department. Is a declaration of
future purpose made by both branches
of congress and by the executive depart
ment TO be sneered at? Where has it
its peer? Where has q declaration such
sanction as this will have when IL has
passed congress and been approved by
the executive, as it will be?
Why, sir, the bill of rights of 1888 was
but declaration OF future purposes In
behalf of liberty and the safety of prom
erty. The petition Of right. drawn by