The times. [volume] (Richmond, Va.) 1890-1903, 1893-08-25
PETER AND ALLEN.
POPULFsT SENATOR'S Pr THEIR
RESPECTS TO WALL STREET.
f1ve-Minuts House speeches-Pithy Re
marks on the Financial situatiop-Mr.
swanson Makes HIS Maiden Effort.


~ to whether MIR. Pfefrer or Mr.. Stew
nrt should have the privilege Of address
sing the Senate. Each had given notice
OF bis intention 10 speak yesterday. but
both had been crowded out by the discus
sion Of Mr.. Pfener's resolution as to the
national banks The Kansas Senator
claimed precedence because he had been
tie hrst 20 give notice while the Nevada
senator insisted that that had nothing 10
do with the question. and that as ne had
been already recognized by the chair,
he was entitled TO the floor. The Vice
PRESIDENT took that view OF the situation
and recognized Mr.. Stewards right. AS
the latter then offered 10 yield to Mr.
Pfener. the Vice President treated that
offer as an abandonment Of the floor.
amid much laughter at MIR. Stewart's ex-
pense, and Immediately recognized Mr.
Pfeffer. who thereupon began three
hours speech on the silver question.
lie was followed by another Populist
Senator. MIR. Allen. OF Nebraska who
spoke for over an hour and half In sup
port Of his amendment proposing 10 add
70 the Voorhees, bill proviso for the
free and unlimited coinage OF silver at
the ratio Of 16 to l.
tt-rupted by the expiration OF the
morning hour. and the Vice President
announced the question before the Sen
efa TO be the motion TO lay on the
table MIR Manderson's motion TO recon
sier the vote OF yesterday declaring
Lee Mantle not entitled to seat from
the state Of Montana. An effort was
made By Mr.. Henderson TO have the vote
postponed till Monday, when MIR. Nor
~ "a mn all xub rnf har
has been some question. win be present.
That was resisted, however. by Mr..
Vance who gave notice that ne would
call mp the question at ! o'clock to-
morrow.
Nlr Pfeffer then resumed the floor
and continued his speech. lie went on
% dcscant upon the luxurious extrav
aeance Of New York mllliOnaires and
ur1n Wall street bankers and brokers.
who were he said. the advisers Of the
President. and the result Of whose ad-
vice was the bill 10 repeal the Sher-
man act. Half a dozen spectators. ne
sali. ruled the country with an iron
hand III was time TO dissolve partner
ship with Wall street. Since the dawn
OF history the money changer had been
always against the people but n had
been reserved for the Christian cviu-
zanon OF the closing years Of the nine.
Tespectabiiity about the business Of the
usurcr.
Mr. Pfeffer declared himself in favor OF
the free and unlimited coinage of silver,
iG 20 l. that or nothing" He had no COM
w0mise to offer. and would accert none.
He went on to argue that 1t was the Gov
orrment mintace hat gave the legal ten
der quality so gold. as Well as 10 silver;
and he Illustrated his argument by the eX-
hbit Of o gold eagle and a bar Of gold Of
~ acuy the tane weight and purity. Tue
eagle vas LEGAL tender IN pa. ment Of all
debts hut the bar was not The eagle
was worth ten dollars, but the bar was
worth only $50.
So far as am concerned. he said. the
Sherman law shall never be repealed IN
less We lave the law OF our fathers re-
stored 20 the statute books. The uncon-
dtional repeal Of the Sherman law would
mean the gold standard.
Mr. pfeffer then went on 10 criticise
0ir Voorhees, for what he called his
political apostacy'. and drifting into a
discussion Of his resolution as TO the
national banks violating the law in re-
flsng TO pay depositors' checks in cur
rency he said that he did not mean 70
censure the Comptroller of the Currency.
theSecretary OF the Treasury or the
banks. lie merely wanted an Official
statement OF the facts. He believed
that. IA the present condition Of things
The New York banks had done Just what
they had 20 do-just what they ought 10
have done
Is Was half past three when Mr.. Prefer
finished his speech (Which had a very
small audience either on the floor or In
the galleries..
Mr Allen described himstlf as a humble
member OF a new political party which !
HH
mat party had been made necessary by |
the constant drifting away OF the nation |
iiom iis m0Orngs. II was hourly grow
ing 90 numbers, courage. intelligence and !
discipline. and would sooner or later |
lo.ce The two old political parties 20 adj |
minister the affairs of the Government |
~ The Interest Of the people. or would |
Iorce them into disintigration and death. /
ii theie was anything that could be said |
20 De settled in political affairs. II was |
.hai both the Democratic and the Repub- |
ulaa farits were committed by their /
history to The doctrine OF bimetallism. |
ara They should be held to tha. doctrins |
DIT. Auon then proceeded TO make /
long legal and historical argument 10
prove Mat silver rs the money OF the Con- !
f'.4Ion. and that the power 10 control |
ana regulate the value Of money is poll
v'" power conferred upon Congress un-
o'r iho Constitution. lie argued against |
'alIiional repeal OF the Shermon act.
"'i.h Was, he said. the last feeble bar
l.'i between the patriotic and industrious
.'s's of the people. and that hordes OF
'ent, aggressive and ravenous men,
", gamblers of Lombard street and of
p aH street, who would. for private gain
,.l'Ash contracted volume Of money!,
H me world back into the gloom Of
Series
,.Ai tHe close of Mr. Aliens speech, Mr.
"'..' moved 10 take up for consideration
't trlon the House joint resolution as
" lNe opening OF the Cherokee outlet.
"e.srs. P'att aud Pfeffer objected 90 i'm
.l'.ie consideration. and then Mr. Berry
cave notice that he would ask a vote up
~ .he Joint resolution tomorrow. After
a''ii executive session. the Senate. at
'-' adjourned ill tomorrow.
House Of Representatives.
81, ,loaay was the first day set apart for
.' t'acussion OF the silver bill under the
r'' minute rule and the House met at
I " clock Although IL was expected
'-'e would be from the start a num-
OF short pithy speeches, there were
49, thah nifty members present when |
opeakers gavel fell.
ar Waugh. Hep. Ind, opened the
,le With speech favoring repeal OF
s,.. o.eefnan law. as In the interest of bi-
OFT. SOmcrs Dem Wis.) favored nj |