Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-09-09
ALL FOR REPEAL.
Messrs. Faulkner, Jones (of Arkansas),
and TurpIe Speak I'm tI,. sena,.

Mcssrs. Faulkner. OF West Virginia, and
Jones' OF Arkansas; also by Mr. Turpie
Of Indiana. All OF them were in favor
OF the repeal OF the Sherman act. but cou-
pied with the condition thac silver should
be restored 10 the position which II occu-
pied prior TO the demOnetization act OF
1873
After Mr.. Jones the last speaker. had
taken his seat, there was pause. NO
Senator arose 10 continue the discussion,
although II had been arranged that Mr..
Teller was 20 be the next speaker Then,
as suggestion made ii proceed to ex-
ecutive business. Mr. Hale, CRep Maine).
made a short speech in which he suggest
ed that Mr. voorhees, should not consent
to see an early adjournment Gt was then
$40 but should require Senators ii go on
with the discussion until reasonable
hour for adjournment. This speech arous-
od the indignation of the Indiana senator.
He regarded IL in the light OF an imperu-
ncnt lecture and resented II in strong
and incislve language. Mr. Hale protest
cd that he had spoken only IN the interest
Of Mr.. voorhees, (whose fdelity and earn
ostness be recOenzed) and of the public.
Mr. Dubois 0dahOl, and Mr.. Teller also
had something to say. taking sides with
MIR. Voorhees,, and against Mr.. Hale.
After this incident the Senate proceeded
proceeded TO executive business, and at
4:20 adjourned.
The silver bill was taken up at 1890 on
motion Of Mr.. Voorhees,. without objec-
tion, MIR. Faulkner being the first TO
take the floor.
Mr.. Faulkener said the Democratic
party no longer occupied the attitude or
a minority party The responsibilities OF
the government had been transferred TO
its shoulders. and 1t should see that its
conclusions were guided by sentiments of
the highest patriotism. II was one OF
the duties of this Congress to promptly
repeal those sections Of the revised stat
utes which made possible career so
distasteful TO the American people as
that of John ]. Davenport. such repeal
,yould relieve the burdens resting upon
the people and place it beyond the power
Of any future administration 10 lnStllu'e
federal Interference at elections to shape
and dominate the political complexion OIL
Of the legislative branch.
MANY Of the causes which have under
,,,ird.d the public confidence could De
traced, in his judgment. TO events "hICn
had occurred and politics inausuraueu
bavond the boundaries OF the Repuphc'
These causes, which he enumefateu WI;
Mr. Faulkner thought. more infuentlal
IA Droduciug the results to remedy Whlch
CONGRESS- had been called together, thah
r,o ,,,rcbasfng clause Of the act or loJo'
ybiio ne did not believe that this act
co,,ead the condition in which the country
&c found to-day stiil he was sehsiplc
~ .ba fact that influences had been put
,n operations to induce the peoPle
holieye that its repeal would restore CONT
depce and release the clrcuiatioh nO" ,.'.
boarded by the people Inc uii',,; coule,S
was. In its condition, simply ny ny ~ o,r,
raacb This abnormal condition. lne onIy
80 for a CuU restoration of the pateh'
- IN vield. upon reasonable cohuitlois'
80 this haUucination and rely upon ''0
fai,t that was in him for cure .,o
- Toulkner repudiated none OF ule
e-.-,,,,1,in mat he had shown IN the paSt
20. l,,,,ar hut asserted that the present
situation was entirely different lro,i 80 ,,,o
a. had been in the past Assuiiiine
,,ro,nise which he laid Gown d,
icrpth 10 be true that the graz 1,,,,,
mercial nations Of the Worlu' ..tt,nS
~ I-ritod states, were to-day coIliiil''eH
s,nqla gold standard. every hour oi
-, e,rengthened his conviction that
=, NH no AS unwise as II Would DC
i,,,rossihle for the United states, AT 'nis
,tn,o to attempt to establish Tree anu
,rlir,ited coinage Of silver AT any i"'io'
- at the same time preserve Pdrl'!
between the two metals. .,z
Mr.. Faulkner' saw 10 solutioh ol ''Il'
nr,bIem except international bi-me'allisll. u.
Enqland had always been ana was 'ouaS
q stumbling block in the way oi 'iiv III III
1,,,,,,r,tion Of international bi-metalllsh'
- - I,,1,,ard had TO face to-day con-
dt,tor tbat had never before existed anu
coDvinced that her national interests uc-
manded the adoption OF the double stah-
lard she would at once remove the ohly
at'.,acIa tn the accomplishment OF that
bi-metallism. .,,, ,,,,re
chasing clause Of the act OF 1871 sald
MIR Faulkner, mot for the reason that
I believe il is the cause OF the pIoslI"-
tion of our business industries ana our
financial stringency nor that II mas III
duced want OF confidence on the part Vi
the neople in the integrity and stablllty
Of our financial system, but loI u'o b00N
and sufficient reasons:
First. that the authority and direction
II confers on the Secretary of the lreas-
my 10 enter the markets ana purchase
1 800. 600 ounces of silver monthly without
any limit as TO the time When this ac-
cumulation of bullion shall cease pre-
sents a constant menace, and TENDS 10
depress the price Of silver bullloh' me
act is founded upon false theory as 10
the nroper functions of government IN lts
relations to money, and furnishes VIC
ious precedent for the future.
second. In the execution of its pro-
,ts,ore especially the storing of bullion
and the issue Of treasury notes, IL mas
been the fruitful source Of the strong
est arguments against the use OF slINer
as a part Of our monetary system.
Third. The people believe, however,
orroneouslv. that the disturbances throush
which they are passing are manly uue
to this act, and like any other ia'n-
cure. it's repeal (Which Is proper III any
EVENT. will assist in resorins cohndrh0V'
the want of which is the CHIEF oDstacie
IN the restoration Of business activity.
MIR. President. although l shall vote
10 repeaI the purchasing clause or the
net Of 1890, l certainly hope l may not
| he called upon 10 do so without having
first secured an amendment TO the Dlll
now pending before the Senate whlch
viii. by law and not by mere declafa-
ton. give notice TO the world that this
! government will exercise all its powers,
employ all its resources, and throw the
weight OF its influence in favor OF the
| re-establlshment of silver on an equal'y
with gold as standard OF value.
Mr. Turpie opened with what he calieu
q study OF the history Of money Tor the
Iest four hundred years. and stated that
IL WAS not 10 be doubted that the syhdl-
| cate Of gold had favored the passage OF
the sherman law, while now 1t desired
10 have IT repealed. The basis OF the CIR
culatlng medium. truly considerd, was
the subsidiary coinage, and this coinage
he said i'm which labor was paid, was
| base and dishonest. Whatever he might
think of the value of a gold reserve IN
| the treasury he was 10th TO have IL
glutted by the gold trust 1t was con-
stant source OF irritation TO it-an ano-
maly. IL was contrary to the traditions
OF the syndicate and TO its mysterious
law OF aggregation. for the syndicate had
long ago said: IAN gold is mine.
He thought there should be remoneti-
zation OF subsidiary silver coin In the In
terest OF the wage-earners. one OF the
strongest objections 10 the Bland act
WAS that the standard silver dollar cine
money in which skilled labor was largely
| paid,) was dishonored. and had not the
| full value Of money. because 1t was no'
! legal tender. To-day. said Mr.. Turpie.
| gold is brought to the mint: silver ~
| bought by the Treasury. The act or pur-
| chase was itself a discrimination against
silver. The ever-recurring test OF pur-
| chase" was the vice OF silver circulation.
IL places on silver coins the mark ana
| brand Of bondage. like the collar around
the neck of Gurth, the Bwine-hero IN