Rocky Ford enterprise., 1893-08-31
on the silver purchased under the Bland and

Mr. Hill Of New York then addressed the
Senate OH the financial question. Mr.. Hill
dress with good deal Of emphasis. He said
he favored the repeal Of the sherman law bul
he hoped later for free coinage Of siiyet.,
a am n bimetallist,o said he. ~ do not
believe in single gold standard Or a single
silver standard, but do believe in the use oi
both gold and silver the standard money oi
the country and in their free coinage ut a pro
per ratio and without discrimination in favor
of one or against the other"
Mr.. Hill arraigned the New York bankers
for the part they had taken in bringing on the
present crisis by attacking the credit hf the
county and ineessaiitly prt'clalniihg disaster
until they finally started II panic wave tina,
now threatened to engulf its creators.
The chief surprise of the speech of Mr.. Hill
was the position he took In minimizing the in-
portauce of the revision of the coinage ratio
and his suggestion that International bimet-
allism might be sought by holding out an in
ducement to the Latin Union.
There was n dead stiffness In the Senate
when the speaker referred to the statement
thnt Mr.. Cleveland was trying to lead the
country to monometallisni.
| n shall refuse," said he ito follow In the
footsteps Of any administration that seeks to
place the Democratic party in false position
| that seeks to lead 1t away from Democratic
principles and into the very camp OF the enc
my. The President must rely on Republican
| votes 10 carry out any such policy"
'But rs you well know said he, II was
for the repeal of this bill long before the
present administration came into power and
by my voice, pen and influence contributed
| MY humble sbnrc toward the creation of that
public sentiment in regard to 1; which is 50
well nigh unanimous In my state. My col
league and myself will cheerfully vote for
this bill 'unawed by power and uncorrupted
by federal patronage
| This last alusion brought forth evidences
OF approval and merriment, and before the
vice president could check 1t the laughter
and applause broke out and itwns not stopped
for SHINE time. .-1
Mr.. Stewart followed and denounced the
repeal bill.
The House joint resolution extending to the
| Cherokee outlet the provisions of the act OF
May IA, 1890, in regard to township entries,
was taken up and passed just as it came from
the House.
The advocates of free coinage were Messrs
Pendleton, Bowers, Moon. Marsh, Joseph
Mooney, Taylor, McRae, Richardson, Her.
man, Branch, Wilson Of Ohio, McKeighan,
Doollttlc and liulict. For unconditional re-
peal the speakers were dessrs. Pigatt, Du
borrow, Bryant, Springer, Sickles and Brcck-
inrldge of Arkansas.
Messrs Burrows aud Dolliver made par.
tlsan speeches.
Mr., Byuum took the floor and replying to
Mr.. Pence's speech of yesterday said that the
gentleman had turned his back upon the
grand old Democratic party, not for the sake
of getting pie, but for the purpose OF 'eatlne
crow" He quoted a speech by Mr.. Pence
going back, us he charged, on Democratic
principles.
Mr.. Pence then put in a lance, and 1t was q
sharp one. He said
'lWhen made those remarks was sobel
as a Judge, and want the record to say So ,
| Hilarious applause.
Then Mr.. Bynum rose to a question of per
sonal privilege and with great dignity denied
the imputation that he had been intoxicated
Saturday. August a6th.
HousE.-The floor of the House of Repre-
sentatives was the scene of the battle of giant
to-day. 1t was The last twenty-four hours o.
the debate on the financial question and botl
sides had reserved their ahlest speakers fol
the closing net in the long-drawn battle. Ton
Reed, the eloquent leader of the Republicans,
found an answer IN John Allen of Mississippi
whose ready was one of the most forciblc ar
guments OF the free-conage men. j. X. VII
liams, Democratic member of the last com
mittee on coinage, besOught his colleagues II
remember their party platform, while Bourkt
Cochran Of New York repeated the incidents
of the last Democratic national convention, ,ir
which he played such an important part, .anC
argued that the true Interpretation of the
platform was not that sought to be given by
The gentleman from Illinois. William l.. WI
son, the author Of the substitute measure, upor
which the first vote will occur, closed the dc
bate for their respective sides in excellen,
speeches.
Mr.. Reeds speech was listened to with rapt
attention. lie claimed the principal reason
of the present depression was the uncertainty
of tariff legislation. In regard to the question
of repeal Mr.. Reed said that while he was ir
favor of 1.-THE did not think 1t would be an i'm
mediate cause of n revival of the prosperity Of
the country. Nevertheless he would vote fo
repeal for two reasons:
First-Becnuse, whether Justly or not, the
Sherman law is believed TO be the cause of thu
unreasonable boarding of currency through
out the country. In this connection Mr.. Reet
paid compliment to the managers OF tht
they were doing anshonorable, patriotic worE
and were the mainstay of the country against
failure and future disaster.
The second reason was that only by repea
could the nation hope to attract foreign CAPT
tai, without which 1t were vain to hope for nj
upward turn of the country's business. w,
must put ourselves, he said, in q position
when the time for that upward turn comes t.
be able to command the capital of the world
which shall assist us on the path to the mex
, period Of prosperity and progress.
Mr.. Cochran said that the platform of tn,
Democratic party did not declare for fire.,
coinage OF silver; that an attempt was made
In the convention by delegate from Colo
RADIO to commit the party to that principle
but failed to secure ten votes on the floor o
the convention in support of the proposition
We are told, said Mr.. Cochran, by Colorado
and Nevadn. that we are in this matter de
phTLlnk from lHe plutlOTIl. IL tuat Is TIT
case, why did those states take to the wood
in the election of 1892! 1t was because thos,
states abandoned the declarations of tn
Democratic platform that the gentlemal
/, from Colorado (Mr. Pence) who had SO oftei
, entertained his associates on the floor wa
added to the membership of the House. Mr.
Cochran devoted himself to an historical re
, sumo of financial legislation and asserted tha
} there was no instance in the history of civ
, ilization where gold and silver ever circulated
, side by side at any ratio 1t was simply i'm
t possible that they should do SO and he defe,
the gentleman from Missouri (Mr. Bland) t
,name an exception. The fluctuations in tn
, value of the two coins were sufficient to con
: stanty drive out the dcarer metal, and this
said Mr.. Cochran, was the inevitable result
France was compelled to import $500, ,0O0, 90
; gold to maintain the parity of the silve
= which she had coined That was what tn
United States would have to do If it desired
TO mailtain the parity of the silver we hsv
coined.
"Gentlemcn have appealed to the sentimen
Of the country members rs though their in
terests were hostile to the interests of th
cities. speak upon this floor as a membe
from q district in the greatest city on the con
n tinent, and say now to this House that tn,
i interests Of the city can never be hostile t
the interests of the country; that the exist
ence Of the great municipal wealth is base,
upon the productive powers OF the laborers o
: this land who dig In the bitches and work Il
the fields. Show me Legislation that viii
+, benefit the farmer and even If 1t cuts dow