The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-30
T0ES OF REPEAL Hit BACK.
Harris and Morgan Talk Against the.
Pending Bill.

Foreign Governments in Enacting
laws For This eountry-Morgan
eosaks on the Same Lines.
Washington, Sept. 29.-The duty Of
having A quorum present this morning
h.fore the reading of yesterdays Journal
bs,an was undertaken by Mr.. Dolph.
q When the roll-caH closed there we're sill
a senator's lacking; but after Is minutes
,rai ing it was announced by the Vice
President that there were fOrty-three
d senator's. an exact quorum, present.
Then the Journal was read and the
rourine morning business proceeded.
Mr. Cameron presented u petition
stoned bv Wharton D. Parker of Phila-
delphia. and business firms of that city,
ASKING senators 10 legislate so as to pre-
serve the protective character of the
tariff and the integrity Of silver as
money metal; and he asked that it be
read and printed in the Record.
objection was made to that request,
and then it was ordered that the petition
be printed as a document.
HARRIS AGAINST REPEAL.
The silyer-purchase repeal bill was
taken up at II % o'clock and Mr. Harris,
a member of the finance committee made
an argument against the bill, Mr.. PETER
having yielded the floor to Mr. Morgan
and Mr.. Morgan having yielded to MIR
Harris. He asserted chat the Sherman
act had no more to do with the business
troubles of the country than the lighting
Of friction match had to do with a cy-
clone. No one doubted that the govern
ment would pay all just demands against
itaccordiug to contract; in proof of which,
If proof was necessary, he needed only TO
refer to the fact that during the
panic all kinds OF money was boarded
silver certificates, and silver dollars as
well as gold certificates, greenbacks and
gold. The great, the real question was
whether gold alone was the basis of
circulation and silver be totally abandon
ed as money except as subsidiary
coin The passage of the pending bill
meant and in his opinion was intended to
mean, that the American people should
have no legal tender silver dollars. and
that hereafter silver shall be used onlyas
fractional currency.
MEANS DECENTRALIZATION.
It meant practical decentralization of
silver, recommendation, a gold standard
In his opinion the passage of the repeal
bill was much more likely to be followed
by proposition TO strike down the legal
tender quality of the existing silver dol
lars than by one to coin more silver. The
Chicago platform had denounced the
Sherman act as "cowardly makeshift"
80 do ]" said Mr.. Harris ut also
declared for the use of both gold and sill
Yer as standard money and Tor the coin
ageOf both, without discrimination against
either. How can it be-" said he, that the
proper effect of the pending bill would be
To secure parity between the two metals.
when its only object is to degrade, more
and more the. one metal, while it booms
the Otherl" He deprecated the idea of
asking foreign governments to give their
consent to any internal financial policy
Let US" he said form ulate and esJab-
lish our own home policy and maintain it.
We are, in my opinion, able to do so, and it
is our high and solemn duty to our own
people to establish and maintain bime-
tallic standard. We legislate for the
people of the United States, not for the
people of other countries. Let US coin all
our silver into legal tender money at
some fixed, reasonable rate. So far as l
am concerned, l am quite satisfied with
the ratio of l6 to l."
WOULD SEAL sILvER's FATE.
Mr.. Harris said that If the Sherman
act were repealed, that would be the last
recognition of silver as money, and he
quoted from a speech made by Mr.. Voor-
hees in the Senate last February, stating
that he would have voted for a bill then
pending to repeal the Sherman act, had
it not been for the fact that such repeal
would have demOnetized silver, ami left
it unsupported Dy one word of legislation.
Mr.. Harris said to the senator from In
diana, that when he passes this bill, he
does, in effect, demonetize silver and
leave it supported by no law. He will
find also that the most earn
passing it, will be the most
earnest and active and determined OPP
ponents of any measure thai may be pre-
Sented proposing to utilize silver in any
way or any extent. OF that l am su-
premtly confident. When the senator
from Indiana shall bave passed this bill,
with the aid of republican votes, and of a
democratic contingent, he will find him
self pOwerless to enact any other law for
the use of silver or for the repeal of the
III per cent. tax on state banks. Most of
those who aid him now will not do so
then. Pass this bill and they will have
accomplished their object, and will then
desert; and we shall pass no
other bill on the financial question. This
Is trap which | do not intend to be
caught in. l will not consent to this bill
being enacted, unless and until there is
Incorporated in it a measure that will
give 10 the debtor and purchasing classes
a sufficient volume of means TO enable
Them to pay their debts on terms equal to
Jnose existing at the time the debts were
contracted. l prefer to do that now, and
al That is necessary to be done on the
financial CUES Uion."
In conclusion, Mr. Harris said: 81 am
READY TO accept any fair and reasonable
compromise More than that ] cannot
anu VIII not say on this point. | will
VIC Ior every amendment in harmony
WIN the views which l have expressed.
ana II l shall be forced to come to a
uIrecI vote on the question of uncondi-
tlonal repeal, which this bill means, as it
now islands, l shall vote against its pas
MORGAN AGAINST THE BILL.
Mr.. Morgan addressed the Senate in OPP
posItlon to the bill. He expressed the
onousnt that the great error which had
otGpU INTO American legisla ion had re-
f1WVeu from the fact that congress had cut
iooSe from the founda ions on which the
5o'erhment was based in rel ltion to the
-a-lpOrJanJ question OF money. For instance,
33aiu me- we are told, and we are old even
~ lhe President of the United States,
ouav the functions of congress for the
udIlon OF money cannot be properly
~ {. rclsed, and ought not 10 be exercised
s 60 yueSe chambers, except in concert wi
si+i le Iorelgn powers. That is the propo-
ci;slon We are told that we cannot exer-
Use 10 wisely m. ipct1 =, ,,nt;l ,ro h. w oh