Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1893-08-30
THE SILVER DEBATE
synopsis of the Discussion In IN. u,,,.d
states Congress-
rHE HOusE

~f~r+N'A nc rAlu the time hGd
when the clearing houses OF the great cities
should no LONGER dominate and control the pol.
iSl 81 the O to1o00 work ers OF this Land Th. ~
me -aiiists were n anxious as were the xontie-
=. me other side q put speedy end 20 the
present depression. and this end could b.
att~lned here and now by cnactinr In Law tb.
Johnson proposition One cause OF the prcsent
panic Was the Reform club. OF New York which
nAu a.'eupted 20 TX up the tarir before the
meeting Of congress The New York bankers
were also responsible for the panic The de-
mAno Tor the extra session OF concresc had not
come from agriculiurcrs or laborers but
.IOn 'ne aosorbers Of the eountry's
wealth; not from the o. oOoOpo ~
American citizens. but from the sto1o
who had acquired half OF the national wealth
and wanted as soon they could the balance
OF II The demonetization act OF isss was q
traitorous act aud along with the name. OF
Judas IscAriot and Benedict Arnold voYls y,
placed the names % those who were guilty Of
the crime OF 1874 In the speakers opinfou the
salvation OF The country depended upon tho PEG.
pie who were living west Of the Auexhcn,es ~
south OF Mason and Dixon's line.
Mr. Everett ldem, Mass smoke in favor Of
repeal he said the democratic party was
called upon 70 meet great crisi. Mr. Clevc.
Iana was great leader, aud he was ready 10
support that leader He did not care Who
was responsible for these present dirrculties
when great city was on trc no one cared
whose old woman's COW had kicked over the
lamp Every one wanted To put out the nre.
WH
rested with the democrats
MI simpson pop, KAN spoke In favor OF
free coinage. He severely criticised the demo
cratic party for its absolute uselcssness Who
ever had heard OF the democratic party ever r.
pcaiing a law OF making law. There was no
democratic party any more 4 was
President Clcvcland's party He also paid
his sarcastic respects 20 the republican
party and charged tho present doprcs-
sion OF business TO republican legislation
Mr Morgan dem, MOI aud Mr.. Talbert tdcm
5. CO advocated the free coinage OF silver
On the 10Th Mr.. McCrcary tdem., hy) spoke
Tor the unconditional repeal OF the purchasing
clause % the sherman act, and argued that tho
postponemcnt OF the meeting OF The conference
was In the interest OF bimc tailism He was herr,
as friend 81 silver and not as It's enemy he
WAS IN favor OF International bimotAllism The
United States could not AFFORD TO adopt a free
coinage policy now. The only path 10 free coin
age was through international agreement and
The only way 20 reach that path was 10 repeal
The purchasing clause OF tho sherman act As
eimetallist he did not wish TO see tai, coun.
try relcEatod 10 silver basis
Mr. Catehings dem. Miss) said ne would
vote for the unconditional repeal % the pur.
chasing clause OF the sherman act and he
would vote against any proposition directly or
indirectly looking 20 the free coinage 81 silver
in this country az this time AT any ratio that
could be suggested He stood by every plank
OF the Chicago platform but that platform
nowhere demanded the free coinage OF silvcrA
hAAtN AttttN At ttlfHAl OF the nNrCu1sluE clause
OF the sherman act would tend To restore con.
fdcnce
Mr. Livingston dem. Ca favored blmetai.
Ism, and the plain question now presented was
between single gold standard and himctaliism
lie denied that the purchasing clause Avas re-
sponsiole FOR the present financial and business
trouble. The banks and the bankers were now
the calamity howlers, and not the farmers who
had been squeezed until there was nothing more
10 squeeze from them He made the prediction
that II the uUrglneiuv ~ fhs
act were repealed the price Of products Ia this
country would not be Increased
Mr.. Richards dem. o. believed that Presl-
dent Grover Cleveland was right In attributing
To the purchasing clause OF the sherman lin
the present business depression
Mr. Curtis rep. kan) spoke Ia support OF
the Wilson IN. but ia a conservative manuer
Re was IN fayo- of q ratio Of ~ 10 L. and he
would then establish a commission with apthor-
ity 70 change The ratio az amy time 10 was found
60 be too large or too small Then let tue sec
rotary o. The treasury be authorized % coin the
silver bullion now la the treasury
Mr.. Frederick Ucp.. kan) spoke iu favor OF
bimetaliisIn and prosperity, which terms hc re-
garded AS almost synonymous The great mass
OF the people had no voice in the liking OF the
financial policy, and the United States should
not be coereed on this question by any other ma
ton
Mr. Clark dem, Mo- argued in favor OF free
coinage To dcmonctzo silver was 20 conns-
cate one-half OF the property In the United
STATES Inc NoiN NNA SAID 10 this congress
the metals should be divorced az the bchcsf Of
England the bully OF all nations one hundred
and seventeen years ago this country had dc.
ciared It's political Independence. and some gem
utmcn had now The audacity 20 believe that
the time had come when she should declare bcr
financial independence aud be free indeed
On the 2ist MIR Powers trcp, VI sup
ported repeal Of the purchasing clause of the
sherman net II free coinage were adopted
the gold bugs could corner the market lust as
gIaNl a fflfsrH
OF the problem was al once to suspend the
coinage Of silver, which the world had dis
earded, until we could bring the world 20 It's
senses
Mr. Hooker dem Missl opposed uncondi
tional repeal ~ labor was distressed 60 should
be attributed to the action OF the banks The
repeal Of the sherman law would not restore
trade or commerce. nor would 10 relieve the
wage earnerS The present depression was
not attributable so much 70 The sherman aot as
TO the Mckinley act
Mr.. Cooper dem. Ind spoke in opposition
10 the free coinage Of silver He would rather
favor policy which would give the country a
safe, recognized stable currency than enter
upon expert ments 90 this time n congress re-
pealed the purchasing clause 10 would not
strike down nor XII silver. In his opinion 10
would lift up silver and make 10 the equal Of
Mr.. Alexander dem ~ c. advocated free
silver coinage and spoke Of o larger currency
n some relief were not given 20 tho country
Mr.. sperry dem. Conn., opposed free coin
age and advocated tho Wilson bin The silver
men did not seem 90 care whether the ratio
should be 10 or 20
Mr.. Cox dem Tenn argued agnfnst the
Wilson uiM He was speaking, he said. lu be-
dalf % She poor colOrcd men OF his country
Mr.. settle rep, ~ c. said that the rurthc-t
he would go was for the coming Of the Ameri.
ian product He WIS not ln favor Of au Increase
81 the currency that did not increase with
sound and good money. He was in favor 81 b.
metalism and would vote for the Wilson bin
Mr McLaurin dem. =. g. spoke in oup0si
ton 60 the Wilson bilL The situation had
come 70 pass when bis people could stand 80 no
longer. The people % Dis state undcrs TODD
that the contraction % currency meant wealth
Tor The few and poverty Tor the millions Dem
oCrats might az well try 10 twist one Of fho Cy-
clones OF the west she wrong way as 90 attempt
20 stein This tide we are in tho Same condi.
zion that we bad boon iu il76 except that
then we had been trying gu eliminate 600 power
81 King George instead ~ KIM Cola Was the
United States t0 bc forever tributary prov
lnce, puny. slcElg bOy That had a spasm every
time that ifs ola mother had the Mysteries
Mr. McDann0ld ldoin I'D. said he was in
favor ni the FREQ coinage 81 gold and silver at
any ratio Wat might ue acceptable Dc would
tAfu remove flulu both thDiI legal tender quail
iiF. bui ihc government should hnvo tHe priv
ucge Of paying every dollar SIS owed l1 coin
That was the only method of reHt0rng the
parity of iHc tuo mrtals
Mr Barref 'drm ~ 50 aaid he uas In
thorough accord with fhc president message
Hc Represented farming constituency. labor.
lng constituency b1nking constituency. sud