Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-10-14
THE SILVER DEBATE.
synopsis of tho Discussion in tho United
Statea Sennte.


On the Sd Mr. Dolph rep, ore) continued
his remarks He had read extracts from Pres.
ident Cleveland's messages to congress during
his former administration giving his views on
the silver question He then said these extracts
justified the statement that the success OF the
democratic party with such q candidate was the
verdict Of the American people in favor OF the
dlscontnuapce OF the purchase OF silver and OF
the coinage OF silver dollars. He (Doph) did
not expect that congress could pass any act
for the use OF silver by this country alone that
would receive the presidents approval. But he
understood that the president would be in
favor of what he considered o practical use OF
silver He did not doubt the good faith OF the
president, and believed him honest when no as
serted from time to time that he was in favor
OF bimctallism by an international agreement
whereby the parity Of both metals can be main
tnined
Mr.. Palmer (dem., Ill.) said he had no doubt
the president unders tnnds that while we con-
tinue the purchase of silver we are disabling
ourselves by putting ourselves to q disadvan-
tagc in any attempt at adjusting bimetallism
with foreign countries, He was quite certain
the president believed that so long as
we continue the purchase OF silver and
undertake to support silver coinage we
would appeal in vain to foreign gov
ernmentS to enter into any agreement to
establish internu tional bime tullism. Mr.. Palm
er argued that the free coinage OF silver
would drive out the god so that instead of the
country having the two metals 1t would have
but one.
On the 4th Mr.. Butler dem, s. c. spoke
against the silver repeal bill He replied TO
Senator Palmer's remarks criticising the SEN
ate for its action He said the minority on the
repeal Quest ton was not attempting to cocrce
anybody, but that 1t did notintend to be cocrced
by anybody. The senate was not y town meet
ing, but was great dclberative body, in
tended to put veto upon hasty, unwise and
improper legislation. 1t had been asked:
What was to be done? His reply was
compromise" Compromise is the solution,
II has been said that the president OF the United
States was interfering with legislation, and
that whenever compromise was spoken OF the
statement was made that the president would
not compromise. whoever states that" said
Senator Butler, emphatcally, does that high
official great injustice because IL is none OF his
business what the senate does. l don't believe
that he has attempted to use his high office TO
influence the senate improperly"
Mr.. Blackburn dem, Ky.) spoke in opposi-
tion to the repeal He was not, he said the
friend or apologist OF the Sherman act But,
bad as the measure was, unfair and uncandid
as he believed 1t to be, he did not believe ii had
been the cause of the financial woes which tn o
country suffered nor did he believe that its re-
peal would prove that panaCea for all the iinan-
cial ills under which the country was struc'
Cling. He did not wish to see the country put
upon u single standard He was as
much opposed to single silver stand
ard he was TO a single gold
standard. He declared an international
standard Of value was q myth There never
had been, never would be and never needed TO
be an International standard OF value, The
trouble ay further back than the Sherman
law. The tarlT system OF the country needed
revision and the financial system needed over
hauling, He stood here to-day to advocate
both those necessary works. He said: II
there be those who think that I am making the
FFh FhnN Of g4IN INHnw min.
of the silver smelter, they are mistaken. II
the 10 per cent charged before 1873 is not
enough, double it; take 20 II that does not
suffice take % II you tell me that the ratio OF
Of 10 10 ! is too low, say. in the spirit, not OF
jus tiCG, but OF compromise, raise the ratio
Make it Il; make it 49, make It ~; make it 20
and l. !or one, will accept 1t rather than have
the silver metal stricken down. The only CON
dition which l would impose would be: Unlock
the doors Of your mints TO silver. give IL right
Of entry there; and then hamper il with what
conditions you please. But Mr. President, i'm
portant as this is, it is Of equal Importance that
we must settle it
Mr.. Blackburn concluded by saying: The
settlement of the issue should come and
should come now, / appeal TO the sense NJ
fairness, 10 the patriotism, the sense OF dignity
which character2es the senate and ask sena-
tors, without regard toparty affiliations, 10 rise
to the dignity OF this great issue and make a
settlement that shall be Just and fair"
On the 9Th the debate on the silver repeal bill
was continued by Messrs. Call tdem., Fla and
Butler dem, :. Cl, both OF whom opposed
the bill Mr.. Butler devoted the larger part OF
his speech TO an argument in favor OF the re-
peal OF the tax on state bank circulation,
taking the position that the tax was unconsti-
tutonal He ridiculed the suggestion that
u the tax on state bank circulation were re-
pealed the days of wildcat banks would return.
1t was impossible for any state in the union to
permit for one hour the existence OF bank
that was not conducted upon conservative, pru.
dent ana business principles He believed that
South Carolina or Iowa would, with the tax on
circulation removed, require n method OF bank
ing as safe and as conservative as that OF Scot
land. Why could not the American people
initiate the Scotch: Why could not each local
iIy be allowed to have banks establishing the
casn credit system of Scotland, where a mans
personal credit with the aid Of two friends
would get capital: What was there in the
American people that they could not be trusted
as the Scotch people were trusted; that the
state which was trusted in so many other vital
points could not be trusted to regu ate the cur
rency Tor its people:
On the Tth Mr.. Roach dem, n. D spoke in
favor OF the repeal OF the Sherman act, but ex-
pressed desire that there should be some leg
islation in connection with IL that would recog-
ni2e silver as a legal tender money He said:
Let this congress call upon the nations OF this
hemisphere to unite with it and say how gold
and silver shall compare with each other and
how they shall be rated as money, establish
uniform silver coin, and provide for its free
coinage with gold Then this nation will fullu
| Its magnificent destiny und realize the most
ardent dreams ever conceived by tho most
| vivid and exalted patriots"
Mr.. Allen (pop., Neb) began speech against
the repeal bill, in the course OF which 81 COLO
| guy took place between Mr. Allen and Mr..
Dolph rep, Ore) as TO the difference between
| the actual and the face value OF gold and silver
coins Mr. Allen claimed the free and un-
| limited coinage OF any metal made the
| bullion value OF that metal equivalent to its
coinage value. Dir. Dolph regarded that propo.
sition as u very remarkable one; and Mr., Ali
| son rep, Ia agreed that with the free ana un
| limited coinage OF silver IN the United States
the silver bullion in dollar ana the coined sill
yer dollar would be OF the Same value They
| would represent the same thing. But II the
| United States undertook to use both gold and
silver as measure Of value, then new ques.
| tion would be raised-the question OF the ratio
between the two II England had a ratio OF Is