Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1893-08-23

act. but 70 coin got ,ad snves a, psrit,
The cry ~ che people yas FOR more money. anc
She nr~f eeY .a 81 Uure that cnn vas o. provide
for tDr 'lcf ct i.,ce ~ silver. Tho present rgpi
vas between ne debtor ana creditor classes.
Tho ioymDr src numbered by ths mniioEs. she
ttfvf hv tha thuussnda The ShylC ks were
a,miandiui tht pound % Ecsh. while tho people
were asking conErc-s Cor relief aud ths men
who refused To grant this relief would be brand.
cd a. trai Tor. 20 the people.
II rHx SENATE
In thc senate on tho itth Mr Vest dem, MOI.
callod up tho resolution offered by him In favor
~ himoiAlii stn and ths free aud unlimited coin
agc % both gold aud silver, aud addressed Tho
senate on The subject He iiasned the Sher-
man act ~ a housecss and homeless dog. With
no one % give "a bono and without a kennel
90 hide it, dishonorrd head. but declared,
nevertheless that he would not vota
Tor 81 repeal without guarantee %
silver us money metal lie hac been known
a. tho arm and unshrlukinE friend OF the prOsi
dent of IN. United states and had In an his
campaign speeches In Missouri declared Mr.
Cleveland % be- a bimetalilst like himself ana
that they only differed Ia reference TO the ratio
nc had n right 20 make that statement because
Mr. Cleveland had accepted the nomination on
"a platform which pledged thc democratic party
to bfmctansm 10 "a. not h. asserted
The otrruroiuctiou ~ silver that had
brought down iis value 10 was irrlsla.
zion that had done 30 legislation
NJ" NtfN NAINN'NN aINH NN' NNNN|HA nAANNH HOW NnuN
70 he expected that silver would rotaln lts value
when those two great nations took away thr
monetary uso ~ silycrs with thc resources
and population Of The United States. IL was
onlv-nec1ssafy Cor she United States 20 "a a
policy and stand ~ it Tho trouble today wns
Cuscd by tnr open and srduious incubation Of
the idca that the country was about 90 go 10 the
sold standard. ami that the silver money ~ the
country would hv worthless
On the iAm Mr. Voorhees, dem tudl
argued IN iavur OF his btu proposing TO allow
national banks to issue currency % the fun
amount Uf face value % bonds deposited hy
them This would 20 some extent help the pe0.
pie m authorized an Increase 81 $4,000 on on
ne bonds already deposited, and there wns
not a doubt that u would result IN an increase
% from $50 oOo 900 10 so ulu oilo-an incrcnae 81
currency that wolid bo az thia time n solace
aud cumf1rt to the people Ia every quarter Of
the United states Tho national banks we're ne
favoriios ~ bis tIc had not been ,uamored a
them nor thcr % him. hut that wa mo- reason
VII hoy should not boz urd 90 bring about
me ~ Of relief n thcy aro capable ~ O..
Lodge crop. Mass advocated tho
adoption OF hts resolution TO rrpcai tho
purchasing clause OF The sherman act the vote
% 30 taken on thc Esd tio said what tho poo.
pie wanted WAS prompt aCtion lie had no
mind Tor party politics or delay lie asked
simply Tor actiou.
Mr wolcou trop Coll said he agreed win
The Massachusetts senator thai this was not =
party question Ne bad yet 90 hear a single IN.
WNNN.fNh man NAAtNs on NfN NuuNIiruNr. that he
believed that thg sherman act had wrought tho
injury under which the country nov.
suffered. everyone would admit that
the sherman act was vicious IN prin-
oipie aud illogical IL was vicious,
In that a. made OF silver = comm o,itv
IL was Illogical and vicious IN that II ioft tho
silver bullion in ihe treasury uncoinod left IL
whore a might 10 dumped on the European
markets. at any time These Tho disad.
vantaacs. bur n had some Edynntases IT,
az Na4f -
value iu me hope which 10 bad inspired Of ni.
mrtalliHm, and in che fact that ~ had Afforded
an enlarged currency from month 20 month Tor
The past three years. The present ananelal
panic had come partly because ~ European
losses la South America and Australia. partly
because Russia aud Austria were buying gold
aud partly because the unlfrd states had pur.
chased more goods abroad than q had sold
abroad All these causes were utterly ihde.
pcudout 81 ana irrespective ar silver ana the
sherman act Prophecy was futile but be
might ha permitted 20 record his conviction
that Whea prosperous days came back - this
country 10 would be- after 10 had announced %
the world that this was a nation 90 himetiilists
believing ln hard money both rold and silver
Mr ilpar lrcp.. Mass said that while mer
op each side Of The chamber might differ a. 10
tho cause ~ the present financial depression he
hoped that an could agree upon the remedy
The republicans stood ready 20 hold np the
hands OF The president and restore that pros.
pcriy uhien ih0 country enjoyed down
To MAfch a. irdl The people ~ his
oHu section. Sow IN. land held the
prosperity 20 inc people ~ tlc west o. dear
ns thcir owr. ana believed tElt what was
wanted H over tho country WIS nos q fuotu-
tting standard ~ vaiue hat fixed 0ae RaNid
utferauccs ga the financial question whether
from uhr east the west came from un.
American and unpatriUtic sources Upon both
sides men Vere equally honest ard sincere
ana. ho believed. desired ulr sana thing Sen.
ator Hoar then entered upon long discussion
FrN
during which be announced himself in favor Of
both these metals - currency parity