The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-09-09
FAULKNER GIVES HIS VIEWS.
He Favors Repeal Coupled With
Silver Proviso.
Several Other Senators Argue In the Same
Tenor-voorhees and Hale Have Tilt
Over a Motion for Early Adj ournment
and the Gentleman From Indiana Be-
comes Indignant.

WASHINGTON, Sept. s--Speeches from
Democratic Senators in the Senate to-
day on the repeal bill were made by
Faulkner, of West Virginia.; Turpie, OF
Indiana, and Jones, of Arkansas; all of
them were in favor of the repeal of tho
Sherman act, but coupled with the con-
dition that silver should be restored 20
the position which it occupied prior to
the characterization act of 1873.
After Mr.. Jones, the last speaker.
had taken his seat, there was an
awkward pause. No Senator rose to
continue the discussion, although it had
been arranged that Teller was to be the
next speaker. Then as a suggestion
was made to proceed to executive bust
ness, Hale, (Repu blicsu, Maiue), made
short speech in which ne suggested
that Voorhees, should not consent to so
early an adjournment Ut was then
3.4O).
This aroused the indignation OF the
Indiana Senator and lively debate
followed
After this the Senate proceeded to
executive business and at 4:50 o'clock
adjourned.
The silver bill was taken up at 1890
O'clock on motion OF Voorhees,, without
objection, Falkner being the first to
take the floor. After ably outlining the
causes, in his opinion, of the present
CRISIS. he concluded by saying:
II shall vote Tor the repeal of the pur-
chasing clause OF the act of $780," said
Faulkner, mot for the reason that 1
believe it the cause OF tho prostration
OF our business industries and financial
stringencv nor that 1t has induced q
ho Of %h1
people in the integrity OF our financial
system, but for three good and sufficient
reasons.
First-the authority and directions it
confers upon the Secretary of the Treas
ury to enter the markets and purchase
4,500,000 ounces of silver monthly with.
out any limit as to the time when this
accumulation of bullion shall cease,
presents q constant menace and tends
to depress the price of silver bullion.
The act is founded upon o false theory
as to the proper functions of gold in its
relations TO money and furnishes a
vicious precedent for the future.
Second-In the execution of its pro-
visions, especially in the storing of the
bullion and the issue OF treasury notice,
it has been the fruitful source of the
strongest arguments against the use of
silver as n part of our monetary system.
Third-The people believe. however
enormously, that the disturbances
through which we are passing are m ainly
due to this act and like any other faith
cure its repeal (which is proper in auy
EVENT. will assist in restoring confidence,
the want of which "a the chief obstacle
to the restoration of business activity.
Mr.. President, although shall vote to
repeal the purchasing clause of the act of
1890 l certainly hope I may not
be called upon to do 80 without having
first secured an amendment to the bill
now pending before the Senate which
will, by law. and not by o mere declara-
ton, give notice to the world that the
government will exercise all its powers,
employ all its resources and throw the
weight OF it's great influence in favor of
the establishment of silver on an equal
ity with gold as standard of value"