St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-20

anu MI. OdtculIiSS. VI hiSSiSSlppi, VI
the committee on rules, both took the
floor in support OF the unconditional
repeal of the Sherman purchase act.
Mr.. Livingstone, of Georgia, made
one uf his characteristic speeches in
support of free coinage and against un-
conditional repeal, and justified his past
P0pulist record as calamity bowler"
by asserting that every prediction of
the Farmers Alliance of three years
ago had been realized, and that the
bankers and brokers of Wall street were
today the principal calamity howlers.
The silver debate was resumed I'M
medlately after the reading of the
journal, and Mr.. McCreary DEM, Ky.)
took the floor lii advocacy of the repeal
of the purchasing clause of the Sher-
man act. An extraordinary financial
situation, he said, had induced the
pres dent to convene congress in extra
ordinary session. 1t matlered not how
gentlemen might differ in opinion as TO
what had brought Oh the trouble which
now existed. They all agreed that the
trouble was widespread. far-reachlng
and full of peril 10 the whole country.
They agreed also that it was their
duty as representatives To tlnd RENE
dy. 1t might be that the Sherman
act, so called. was the prime cause OF
the trouble. 1t might be that the tluctu-
alton OF silver i'll Europe, the shrinkage
of values in many parts of the world,
The failure of The Barring brothers had
helped 10 bring about the serious none
tary condition which how existed. He
had voted against the passage OF the
Sherman act. / hat act had been fall
IRE and colossal curse. The purchaS-
ing clause Of the hill should lie immedi-
aiely repealed and Internationally. Let
The Tree coinage bill stand on its own
merits. lie WAS not III favor of holding
the Sherman act as hostage for the
flee coinage OF silver. He was heartily
Ill favor of the Wilson bill. Let the
purchasing clause be repealed and then
other leg iSlatiOn could follow.
The Wilson bill did hot demonetiZe
silver or strike down the double stand
ard. He (Mr. McCreary) was here as a
friend of silver. and not as its enemy.
lie was i'll favor of International BIZ
metalllsm. He was in favor of the re-
peal Of tie Sherman act, because such
action would be the best thing that
could be done TO help on All interna-
tional agreement. The United States
could not afford TO adopt Tree coinage
policy now. The only path 10 Tree
coinage was through an international
agreement, and the only way 10 reach
tEat path was to repeal the purchasing
clauses of the Sherman act. As Il bl-
metalllst, he did not wish this country
lelegated To Il silver basis.
MI. Bland democrat, Missouri in
qulred whether the gentleman's position
was that unless every European nation
was in favor OF silver he would he in
favor OF il single gold standard?
MIR. McCreary replied that he was to-
day as much in favor OF silver as WAS
the gentleman from Missouri. and lie
was in favor of travelling over the only
road which led to the free coinage of
gold and the free coinage of silver.
Mir. Bland inquired WHY the inlerna-
tlOnal monetary conference had post
poned It's meeting from May until No
vember.
MI. McCreary replied that it had been
postponed i'll order To allow the policy of
bimetaliism To grow in England ;sitha
been postponed in the interest of ui-
metallisn.
MIR. CatchingS democrat. Mississippi
said that he woulu vote Tor the uncon-
dliIoDal repeal OF tile purchasing clause
Of the Sherman act, and he would vote
against any proposition, directly OIL in
directly, looking to the flee coinage of
silver i'll this country at this time, at
any ratio that Gould be suggested. He
was i'll favor of the repeal Of The pur-
chase clause of the Sherman ael, be-
cause it would tend to restore conf
deDce. He would 20 further and say
that it would restore confidence and un-
lock the money that had been boarded
up.
MIR. Livingston Dem. Ca said there
was no reason why men shonld not rise
above craftsmanship and discuss this dis
position of the pending question as sch
slble men and patriots. lie favored bl-
metallISm, and tile plain question now
presented was between a single gold
standard and blmetalllSm. The Chi
cage platform had denounced the Sher-
| man act as c0wardlS makeshift. A
makeshift for what? For a single gold
standard? No. A makeShitt for tie
free coinage of silver. 1he bill for tue
repeal of the purchasing clause of The
SHERMAN act did not place The Demo-
cratic parry where the Chicago platform
proposed 10 leave il. lie ucnled that
the purchasing clause was Responsible
lUr The present financial and business
trouble. A few years ago the farmers
had come TO congress asking Tor
relief, and they had been greeted
as ''calalnity howlers." He had
then predicted to the present governor
| of New York that within two years
the calamity howlers" would come
tom another quarter. Who was now
bowling for reIet? The farmers? They
had ceased To be calamity howlerS they
had been squeezed until tEere was nOtn-
ing more 10 squeeze from them. The
| howl now came from the banks and The
bankers. 1t was now proposed 10y pIac-
ing the United States Oh single gold
| standard to put this country into tile
hands of a receiver and turn it over TO
England. The money men and the bus
mess men of England were getting
| Shaky, AMI they SAID now that this gulu
craze had taken deeper root than they
| had expected. "He that provided not
| for his own household hath denied his
faith, and was worse than all infidel."
he would hail with delight a proposition
tnat the governor. the secretary and the
treasurer OF every state would be called
together in Washington city. there to
| discuss what was good for the United
| States. The congress was now euueav-
Orlng 10 hitch the horse at the wrong
end of the cart. The house then, at 5
| O'Clock, took recess until s O'Clock.
After the recess, to Il crowded gallery,
| but to a very small attendance Oh the
| floor, Mr. Curtis (hep., Kausas.l spoke
| in support of the Wilson bill, but in a
conservative manner. He did not agree
with the statement SO frequently made
that the act uf 1878 was passed under a
misrepresentation OF by trick. He be-
lieved that every man who voted for or
against that jill knew what he was do
ing. The people would never be salts
fled with free silver al ratio of 16 To l,
| or with single gold ratio that would
| eliminate the fiat dollar.
lie was in favor OF a ratio of 20 TO l.
| and ne would then establish A commits
sion with authority TO change the ratio
at any time it was found to be too large
or too small.