The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-09-30

WASHINGTON, D. c., Sept. 2s.-1n the
senate to-day. the two most prominent
men of the Democratic side addressed
the senate in opposition to the bill re!
pealing the silver purchasing clause OF
the Sherman act, Mr.. Harris, Of Ten
nessee, who took the ground that Its
passage was the demonstration Of sill
yer, and Mr.. Morgan, Of Alabama, who
ridiculed the proposition Of an interna-
tiOnal agreement, governing the coinage
of silver, and made what he called IN
argument in favor of the constitutional
rights Of the people.
There are now three unfinished
speeches in the senate, all on the side
OF the opponents of the repeal-those
Of Senator Teller, of Colorado (; Senator
PETER, OF Kansas, and Senator Morgan,
os Alabama.
Mr.. Harris, Dem, Tennessee, in ad-
dressing the senate in opposition to the
bill, said the passage of the bill meant
no more legal tender silver dollars here
after, and that silver should only be
used as fractional currency, which
meant practically the demonetization
Of silver for monometallism, the gold
standard.
He rldicuied the idea OF maintaining
the parity of gold and silver which the
substitute Of the finance committee de-
clares to be the policy of the govern
ment when one metal was degraded by
legislation and the other doomed. He
favored the coinage Of the entire Ameri-
can product of silver at any ratio to be
agreed upon saying that that OF 1910 l
would be satisfactory.
Mr.. Harris said he had always under
stood that Mr.. Sherman believed and
had stated that the limited coinage
provided for by the Bland-Allison act
would bring the o. S. to silver stand
ard drive gold out OF the country.
SHERMAN REPLIES.
Mr.. Sherman said he believed, as he
always had, that the continued pur-
chase of silver either under the Bland
Allison act or the act Of 1890 without
Limitation continuously would unques-
tionably bring the country to time
when gold would disappear from circul.
alton and silver would be the only
standard. The free coinage Of silver, in
his opinion, would result in q silver
standard. The act of 1890 would tend
in the Same direction, and, in time,
would undoubtedly bring the country
to q single silver standard. Therefore
he favored the abandonment OF the
sThe senator from Ohio thinks"
asked Mr.. Harris, "that the unlimited
coinage Of silver would drive gold out
OF the country and reduce US absolutely
to silver standard"
"That is my opinion" was Mr.. sher-
Then MI. Harris asked II the sena.
tor from Ohio thought the coinage OF
from two to four millions per month
would have that effect
Mr.. Sherman thought it would in
time, and the fear that the country was
approaching that time was one OF the
troubles that were encountered this
summer.
Mr.. Harris was glad to learn that the
senator from Ohio was less guilty than
he supposed him.
Mr.. Harris then quoted from speech
by Mr.. Voorhees, delivered on February
8, 1898, in which he said that he would
have voted to take up the Sherman bill
some days prior to that, but that for the
fact .its passage would undoubtedly de.
monetize silver and leave 1t supported
by not one word Of legislation Z
In conclusion Mr.. Harris said he would
accept any reasonable 9nd fair COM
promise. More than this he would not
say but he would vote for every amend-
ment in harmony with the views he
had had expressed.
MoRaAN's SPEECH.
Mr.. Morgan Dem, Ala.) then ad-
dressed the senate. He began by dis
cussion Of the probability OF securing a
treaty with Great Britain on the silver
question, which, he said, was very re-
mote. Congress alone, by virtue OF the
constitution, had the power TO provide
for the coinage OF money and to regu-
late the value thereof
4 Au 4utdkuhbAOhAA AkAHetaSAA 80 ~
spect to monetary matters was an idle
dream, a tub to a whale. Il was i'm.
possible Of execution and almost I'm.
possible Of contemplation in a legal
sense. In this critical period 1t would
not do to offer such hopes as the solu-
tion Of the trouble.
Mr.. Morgan said: Why this haste,
Do you believe that these astute men,
the New York bankers aud tinancters,
so full Of information, go thoroughly
possessed OF knowledge upon every
topic In any way connected with their
Affairs, are not wide awake to every as
pect Of the case.
Congress had better undertake 10 ae-
cure something within tue purview OF
its constitutional power.
'Wehad better again declare our In
dependence Of Great Britain and main.
tain Il than to undertake by the real
agreement tinesse, cajolery, hattery and
the like to persuade Great Britain 70
allow as 70 legislale iot our people In
the way that "A government ought to
Il a ~. fe.ts Tee v,natpl.