The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-03
TIRED OF SILVER TALK.
A Slim Attendance in The Senate
During Yesterdays Debate.

Kyle Denies the Responsibility of the
Sherman Law for the Financial Cri-
sis-McMilIan Names Three Things
Which He Wants Congress to Do
Dolph Mixes up the Tariff With the
Silver Debate.
Washington, Oct. 2-The very evident
absence of a quorum of senators this
morning was called to the attention of
the Vice President by Mr.. Wolcott, and
there was thereupOD a call of the Senate,
to which, after some little delay, the
requisite number of senators, forty-three,
responded, The morning business was
then proceeded with.
The resolution offered by Mr. Teller
last Saturday calling for information as
to the purchase of the silver bullion in
September, 1898, was laid before the Sen
ate and agreed to.
The silver purchase repeal bill came
up and Mr.. Kyle read his argument. BY
actual count there were three democratic
senators and eight republican senator's
in their seats part of the time, and the
galleries were almost empty. At the last
the condition of the Senate chamber APP
pealed TO the sympathies of Mr. Kyle's
colleague, Mr.. Pettigrew, and the result
was that through the fundamentally of
a CALL the temporary presence of forty
SIX senators was secured and the speech
was proceeded with.
THE SHERMAN LAW NOT RESPONSIBLE.
Mr. Kyle took the ground that the
Sherman law was not in any way respon-
sible for the business troubles of the
country, and that, consequently, its re-
peal could have no such effect as the
friends of repeal claimed that it would
have. He appealed to the senators from
the south and from the west to stand for
the protection of their own states, be-
cause their prosperity was linked with
silver and the other states let them, he
said, make the defense in manly and
courageous manner, not in the spirit of
sectiOnalism or of hostility to eastern in
terests, but in the spirit of equal rights
to all and special privileges to none"
He commended that as between gold and
silver, silver was the most stable measure
of commodities, that it wasifolly to fritter
away time with an international none
tary conference, that the hope of the
United States was in looking forward
towards pan-American alliance; and
that the present contest was one of people
burdened with debt and fast sinking to
VIC European ltNel. against bLc dRRfeS-
siOns of moneyed corporations.
,. M'MILLAN argues FOR REPEAL.
Mr. Mcmillan, rep, of Michigan. made
an argument in favor of the repeal bill
He said that the argument that the
United States should continue the pur-
chase of silver for the sake of silver
mining and kindred industries could not
stand. Silver had declined in value for
the same reason that iron had. The re
suit of closing the silver mines had been
to start work in the gold mines
Whatever might be the evils of a scarcity
of money, the evils of an over abundancy
of money were still greater. There were
many reforms which might be suggested
in order to make banking more service
able to the people; but by far the great
est part of the Journey towards a sound
monetary system would have been taken
when congress should do these three
things
First provide for a currency, every
part of which shall always be maintained
at par with the worlds money.
Second, provide for adequate banking
reserves distributed throughout the coun-
try in accordance with local business
necessities; and
Third, provide a ready means of con
verting securities into cash, and cash into
securities, according to the need for a
rency. If these things were accomplished,
the quantity of money might well be- left
to natural business causes.
DoLPH GIVEN THE FLOOR.
Mr. Teller then took the floor to con-
tinue his speech begun last week; but he
yielded the floor to Mr.. Dolph, who ex-
pressed his belief that the cause for the
present business disturbance was the
fear of hostile tariff legislation. After
talking for some time, Mr.. Dolph got into
a WOrdy controversy with Messrs. Teller
and Stewart on the question of free coin
age, in the course of which he asserted
that the advocates of free coinage did not
want a silver dollar that was worth a
dollar in gold. They wanted a 56-cent
dollar; a cheap dollar; the cheaper the
better.
In further argument, Mr.. Dolph de-
clared that if the Republican party at
Minneapolis had adopted in its platform
free coinage plank, the party would
have been dead and buried and damned
beyond the hope of resurrection; and Mr..
Teller cOuntered with the inquiry
whether the party could be any worse off
than it now was
AT the close of Mr.. Dolphs remarks,
the repeal bill went over till tomorrow.
The House bill extending the time for
concluding the work of the eleventh
census from Dec. 81, 1898, to June 80, 1894,
and authorizing the commissioner of labor
to perform the duties of superintendent
of the census was taken up and passed.
The Senate at > 80 O'Clock proceeded to
executive business, and at As O'Clock ad
jOurned till tomorrow.
A Tc4-x- a mr.