Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-10-28


the senate the vote on the bill or resolution is
to be had at the time fixed in the motion. with.
out further debate or amendment except by
unanimous consent And no motion OF any
kind is to be entertained during the tendency
OF the motion TO fix time or ut the time fixed
until the bill or resolution is finally voted
upon.
Mr.. Peffer (pop, Kan) offered an amendment
to the pending repeal measure II proposes
free coinage of gold and silver under the provi-
sions Of the act of 1887 that revives that act
Senator PefTer stated the points in which this
amendment differed from that heretofore Of
fered by him proposing free coinage, and which
had been voted down some time ago He then
went on with the speech commenced by him on
the 18th, and continued in installments on Sat-
urday, Monday and Thursday Speak
ing of the course urged upon the
vice president, he said: Let no Caesar
come into this body, and then there will be
no need Of Brutus." He said further: "If
we defeat the holy or unholy alliance of admin
istration with Wall street this struggle will be.
come memorable in history, for the senate of
the United States will have shown itself to be
the last refuge of constitutional liberty"
After he had spoken for two hours but with
out nearing the end of his discourse, Mr.. PETER
at p. m. yielded TO u motion to take recess
until the morning of the 2lst which was agreed
to.
On the 2lst Mr.. PETER pop, Kan) continued
repeal measure, after which Mr.. Jones (rep.,
NevD delivered the third installment of his
speech begun by him the previous week. He
argued that even under the operation of the
Sherman act the supply OF money was less than
the wants of the country required, and declared
that the repeal OF that law would be one of the
worst crimes that could be committed against
society.
Mr. Jones yielded the floor with the under
standing that he could continue it at % subse-
planned an interview credited to him in New
York journal in which he was made to say that
the vice president would be killed in his seat IL
he dared TO rule in given way on a given
question. He said that he had made no such
utterance and that no conclusion from what
he did say could be drawn more absurd and un-
true.
A recess was taken until 10 o'clock Monday
morning.
On the 23d Mr.. Stewart rep, New gave
notice of an amendment which he intended to
offer to the repeal bill proposing u conference
10 be held at Washington within nine months
between delegates OF the United States
Mexico, Central and South America, Hayti and
San Domingo, for the adoption of n common
silver coin 10 be legal tender in all commercial
transactions between the citizens of the coun-
tries represented in the conference.
Mr.. Jones (rep New resumed his speech in
opposition to the repeal measure, contendiug
that the standard of a country could be neither
gold silver nor material thing, but that
whatever the standard might be ii was quanti-
tative. and the value of each unit depended
upon the number of units, and that there could
be but single standard in Il country, and that
one Of quality. He said the people of the
United States did not propose to be left out of
the cons liberation as TO what should be the ma
terial OF their money. The United States was
not yet dependency OF Great Britain and the
president was not a governor general
Mr.. Jones yielded the floor to Mr.. Teller
| (rep., Col), who said that, before answering
the question which had been asked him as to
whether he thought the government of the
| United States could, with the coinage of silver,
maintain the parity between gold and silver,
he desired TO lay down one general proposition
| which seemed to him to be necessary
| to the conclusion he had reached W Nhile
money was not merchandise COM
| modify in the sense that the term
| commodity" was used, its value was de-
| termined by the law OF supply and demand He
| then said that the government of the United
| States could maintain the parity of the two
metals because he did not believe more silver
would come to the country than its business
| would absorb In other words, the demand
would be equal to the supply. If the whole
world would return to the bimetallist condition
existing prior to 1873, they would return prac.
tically to the prices of that period, except TO
! those things as to which discoveries had less.
| ened the cost of production
| In reply TO question by Mr. Palmer dem,
| Ill Mr.. Teller said the free coinage of silver
| by the United States alone might not produce
such favorable condition, but he contcnded that
| il the United States proceeded TO a system that
| recognized silver as money on equal terms with
| gold our example would be followed by other
countries, and then the monetary system
of the world would return to the system
that prevailed prior to the demonetization OF
| silver by Germany, the United States the
| Latin union, etc.
Mr. Teller yielded the floor and Mr.. Stewart
| (rep, New spoke in advocacy of mis- proposed
! amendment for pan American conference.
| AT o'clock Mr.. Stewart yielded to motion
for u recess until lO:30 on the morning of the
cath.