The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1893-09-02
THE SILVER DEBATE.
synopsis Of the DiscSmion In tho United
States Con grcsa.
IN rpH House


pubicans took the president at his word when
he said In his message that the silver extremists
we're q menace to the whole country. Under
such circumstances the republicans were ready
to act like patriots In averting the menace,
and they would do their full share N
assisting the president in his patriotic
purpose. He urged that unconditional
repeal WAS the first step TO be taken
and after that the country would expect the
party In power to make comprehensive re.
vision Of the financial laws. In this step. also,
the republicans would assist Mr. Cleveland
He advocated o system Of gold and silver Ger.
tircates to be issued to anyone depositng gold
or silver bullion In the treasury.
Mr. Lane dem, Ill) spoke in favor Of silver
on general principles He told several anec.
dotes to show that the dcrided silver dollar
was very useful to the bankers and those who
assailed It.
Mr.. Hepburn (rep, 1a) disagreed with his
party colleagues and emphatcally declared
against the repeal OF the Sherman law. He
protested against the shifting process OF lcger-
dcmain by which the democrats attempted TO
place the responsibility of the repeal upon re-
publican shoulders and to make the republicans
admit that the Sherman bill ontained all the
inquitics which the democrats charged
that it did. The banks, the boards Of
trade. the chambers Of commerce, the
moncycd institutions, did not rule the
business OF the country. Their business be-
gan where the business of the producer ended.
He believed that the Sherman act in Its opera
tion was beneficial ut all times and 1t was not
harmful to-day. The true way to solve the
financial question was to compel by wise and
judicious legislation the balance Of trade to be
In our favor The republican party was asked
to admit that oil the evils that afflicted the
country came from the Sherman law. For one,
he would not do so.
MIR. Brickner dem, Wis., advocated the 70.
peal of the purchasing clause
Mr. Bynum (dem., 1nd.) spoke for the Wilson
bill. lie said the vast majority of people
believed the Sherman law was responsible for
the evils described by the president He high.
ly eulogized the action OF Secretary Carlisle for
his refusal to issue bonds The United States
could not open its mints to free coinage at any
ratio. with the mints Of oil the other civilized
nations closed against It, Free coinage here
meant silver monomctallism: and no was
arguing to destroy the silver metal more utter
| ly than the advocates of the Bland amendment
| Should free coinage be decided upon he would
bid farewell to any hope for tariff reform.
| Mr.. Jones dem, Va) opposed the uncondi
| tional repeal OF the purchasing clause ct the
| Sherman act and favored free coinage.
| Mr.. Ellis dem, Ky.) spoke in favor Of fret
| coinage and severely criticised the position
taken by his colleague (Mr McCreary) upor
| the question.
Mr.. Cooper dem, Tex.) admitted that tn,
country was very i'll patient but he believed
the silver bill, instead Of curing the patient
| would assist the disease.
| Mr.. De Forest (dem., Conn.) said that tn,
necessity for repeal is 30 clearly written on tn
| face OF public distress, the demand for 1t Is 81
distinctly heard in the voice Of general calamity
| that II would seem that no partisan rancor, NJ
individual hobby, no speculative theory. nj
| merely selfish personal scheme or sectional in
| terest would dare to obstruct 1t by the slightes
| obstacle or the least delay.
| On the 23d Mr.. c. w. Stone (rep, Pay said h
| would vote for repeal because IL might in som
degree relieve the distress, but he did not al
| tribute 10 the Sherman law the existing con
dition OF affairs.
Mr.. Ryan (dem, N. W announced his inter
tion to cast his vote for the unconditional re
peal OF the purchasing clause Of the Sherma
act
Mr.. Covert dem, N w and Mr.. Fitch dem
N. W both spoke for repeal, the latter saying
| Much had been heard about conspiracy to d
monetize silver. 1t was not believable, no
was it original, and that talk had no terrors 70
New Workers.. Injury to the great business ir
| terests Of the country meant injury to all
Mr.. Dalzell (rep., Pa.) spoke in favor OF RI
peal. He said he did not hold the Sherma
law responsible for the present business d.
preston, but it should be repealed. The Unite
States cannot singly and alone remoneti2
silver under existing conditions
Mr. Hatch dem, MOI said no man had
more supreme contempt for the Sherman la
than he had from the first word to the las
word; he had denounced 1T; he had vote
against it; but, in connection with its repea
there should be some attempt to relieve til
people and to move the great crops of the couI
try which are now lying in storehouses becaus
there is no money.
Mr.. Cummings dem, N W, who favored RI
peal availed himself Of the opportunity TO ei
ter upon defense Of the New York democrac
against the attacks made upon it by democrat
from the south.
Mr. Turner (dem, Ga.) was in favor OF th
repeal bill, and he was also in favor Of the fre
coinage OF silver at the highest ratio that ha
been suggested.
Mr. CONN (dem) and Mr.. Taylor (rep Tenn
spoke In favor OF free silver.
Mr. Mcguire (dem, CALI spoke in opposite
to unconditional repeal and protested again!
hasty action.
Mr. Bell (dem., Tex.) spoke in favor OF b
metallism and the free coinage Of silver.
Mr. Hicks Gep, Pa), while advocating II
Wilson bill, attributed tho present depressic
to the fear Of democratic tinkering with Il
tariff.
Mr.. Cannon crop, Ill., opposed repeal TT
country was in bad condition, but he did n,
think that the case had been properly dia
nosed He would let the purchasing clau.
. of the Sherman law stand until the democrat
, side of the house would meet the republics
side and would enact measure that wou
utilize all the silver In the treasury A. its cor
, | mercinl value.
Mr.. Walker (rep, Mass.) said he was in favt
OF the Wilson bill and advocated uncondition
repeal OF the purchasing clause
Mr.. Hunter dem, Il) said he would vo
, for the Wilson bill as an alternative, althouC
, he greatly preferred the Bland substitute.
Mr.. Ikert dem, o. did not believe that 81
yer would sensibly increase In value on 10
1 ratio and the change in ratio should be car
, fully considered, and, In his judgment, rat
: of l85s to or 10 to would be proper, but mea
while he would vote for repeal.
Mr.. Harris, (pop. dem Kan.,) said had Il
, Sherman law been administered by its frient
although not = proper money measure
would have aided powerfully in tho remoniti
alton of silver Kansas was unit for fr'
coinage at l6 tol.
Mr.. Bell (pop., CoL) said the total amount
gold in the world, II divided fairly, would gi'
the United States about six cents per capt.
: Yet people said that silver would drive go
} out OF the country. The western people d
not want the money OF the east They did nj
=, want the mints opened SO that they could r
ceive silver.
On the cath, under the 6ve-minute rule. N
Waugh trep Ind.) said he would vote for Il
} repeal OF the Sherman bill, although he did n
believe IL was the cause OF the present depre
sion. Mr.. Somers dem, Wis., favored
me etnllism. hut would not vote for uncondition
repeal. Mr.. Johnson rep, N. d. spoke Il
silver Mr.. Pickler (rep, s. d. crittcist
, President Cleveland as being under En-
lish influence. Mr.. Dingley (rep, Me) co
tended that the present business dcpresstt
was not directly attributable to the act OF 1876
1t went further back than that and was mol
due to the legislation OF 1873 Mr.. Lucas (rep
S. d. and Mr. Hartman (rep, Mont.) spoke Il
$ free coinage, tine latter intimating that his pc
pie would not remain protectionists II u
| nhSerya him9tall