The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-08-26


for the consideration OF a resolution
authorizing the Speaker to appoint
committee of five members to investi.
gate the allegation that certain banks
were not paying their checks and in
quire into the condition of Secretary
Carlisle and Comptroller Eckles in the
premises. The Speaker ruled that the
resolution was not in order and at 5:35
the House took recess until o'clock.
IN THE SENATE.
AT the close OF the routine morning
business, which comprised no matter
OF public interest except tho pre- .enta.
ton OF communications OF the Treas
ury department adverse to any special
legislation in regard to penalties on the
whiskey tax. Hill addressed tho chair
and was recognized. He yielded. how
ever, to Vest, who sent to the clerks
desk and had read a com nunication
from the director OF the mint, giving
statistics as to the purchase, cost
and coinage of silver. Hill then re.
sumed his speech from printed slips His
voice was strong and clear and though
he INDUCED in no gesticulations, he
used much emphasis and turned his
face alternately from one side OF the
chamber to the other. There was perfect
quiet and stiffness in the chamber
while he spoke and the closest atten-
tion was paid to the speech both on
the floor and In the crowded galleries.
The existing financial disturbances
he attributed to three causes: First, it
is natural or inevitable result or Incl
dent Of many years of real or fictitious
prosperity. Besides we are suffering
from the evils of over production the
balance OF trade has unfortunately
been against us, we have sold our rail
road and other securities abroad instead
OF at home. and the interest as we'll as
portions OF the principal have been
coming due and must be paid in gold.
Unquesttonably some of the present
difficulty may be attributed to the
uneaslness OF our protected industries
which have been accustomed to rely to
certain extent to governmental
! favorite to support them. l do not
disguise the fact that such uneasiness
exists and that it contributes it's share
| to the general existing disturbance
The Democratic party, he said, is
pledged to tariff reform and it must
redeem it's pledge, come what may.
Some portion of the present panic may
be traced to 8 concerted effort on the
part OF numerous monometalliSts to pro.
duce 1t, in order to further discredit sill
YER as party OF the standard money of
the country.
The Sherman silver purchase law
| has been ut least, in part, and possibly
the most largely instrumental in pro
| ducing the existing complications. No
one now defends iS. Few apologize for
1t, 1t has been asserted that the
| President himself, in his hos tility to
| independent free silver coinage, was
| disposed at other times TO regard with
| favor acnnipqcp IN ha
OF the Sherman law, which has
| been the instrument or means by which
such free coinage had been defeated
Whether this be so or not the fact re.
mains and has not escaped observation
that while the Democratic national
| platform denounced the Sherman law
and demanded its repeal-denounced it
not as the result of a truce" but as
a 'cowardiy makeshift"-yet Mr.. Cleve
land neither in his speech delivered
at Madison Square Garden, New York,
in answer to the notification OF his
nomination, Nor in his subsequent
letter of acceptance nor in his
inaugural address in March last, criti-
cize the Sherman law nor made any
allusion to it whatever. The Democracy
of New York wanted that law repealed
because it blocked the way TO free bi.
metallic coinage and not because 1t
would aid the cause of recommendation
| That is exactly my position to-day.
| am bimetallist do not believe in a
single gold standard nor single
silver standard. but do be.
| lieve in the use Of both gold
and silver as the Standard money!
OF the country and in their free coinage
In our minis at Il proper ratio. without
any discrimination in favor OF one or
against the other, and as such bimetal-
list, | waver the repeal OF tho sherman
law, because it is undemocratic, illogi-
cal, dangerous in its tendencies and re-
suits, an imped iment TO free coinage
and disgrace to the silver cause.
LEAGUE GAMES YESTERDAY.