The state herald., 1893-11-03
CONGRESSIONAL PROCEEDINGS.
Tho Fres Silver senators Give Fair Warn.
Ing Of Coming Disaster.


SENArE.-After some routine business Mr.,
Stewart resumed bis speech against the repeal
bill, but at 80 yielded the floor 10 Mr.. Joncl
OF Nevada who continued his speech begun
some days before, lie said he desired o dol.
lar that Kept az parity with pound Of cot
ton or bushel Of wheat, and not with O
metal that was constantly increasing In value
a dollar which increased In value made thu
rlch richer and the poor poorer, whereas II
tia dollar decreased In value the slightest
there woulu DO day Of jubilee 10 the over.
burdencd debtor.
MI. McPherson Of New jersey thought II
gold had appreciated, interest would have
gone up and labor have gone down, whcrca,
In the past ten or fifteen years United Statci
bonds had fallen from 3 to 3 per cent, while
labor had gone up In Irregular increasing ra
tios. II gold had gone up, as was alleged
Mr.. Mcpherson expressed his inability to un
dcrstnnd how country on gold basis could
stand those connections.
Mr.. Jonca replied that he had shown to the
that one Of the biggest proofs of m increase
OF the value of money OF any kind,
especially In new country, was decline In
the rates Of interest. II money were increns-
ing In purchasing power, In Its command
over land md over the production of labor
everywhere, and II prices were falling who
wanted to enter into any businessl When
money was increasing In value and prices were
falling money congcstcd In the ceniers; there
was no demand for 1t in real Legitimate bus.
iness enterprises. The result was tremen.
dous contest and competition TO get hold OF
gilt-edgcd securities.
Mr.. Jones expressed his regret that the
public press should be 40 intolerant Of those
who were trying 10 do their duty ns they saw
Mt. and that attempts should be made by
influences outside Of the Senate TO railroad
Los. ...t. sy,s
tempting to criticize any OF those who IA
vorcd repeal, he had never hoard one OF them
give reason why II wanted the purchasing
clause repealed.
Mr.. Jones at 4 o'clock said there was no dc.
sire among those on his side Of the question
to consume time unnecessarily, but rs he wa.
tired he would Yield the floor and allow hi
colleague, Mr.. Stewart, TO resume his speech,
md he would ask the indulgence Of the Sen
ate to proceed at some other time.
Mr.. Faulkner, being satisfied that the re-
marks OF Mr.. Jones correctly stated the posi-.
tion Of the opponents Of tho bill, moved tina,
the Senate tako n recess until 10 o'clock to.
morrow, which was done
llousE.-Dcbstc on the bankruptcy bill
was resumed. A lively debate took place
closed by Mr.. Bryan in opposition TO the bill
He claimed the bill was not drawn In the In
terest OF the debtor class. Ii comes from the
wholesaler who desire, better method OF
collecting his debts. Under the state law.
the man who attacks the credit Of Gebioi
was liable for damages, but this bill would
place every debtor at the mercy OF the cred
itor whether he was solvent or not. The
news from the Senate Of the probable passing
Of the repeal hill aud the establishment oil
the gold standard In this country will neces.
sitaic come law to relieve the debtor OF hi,
debt. But It ought 10 protect voluntary
hankrupts. There viii be enough involuntary
bank.upts when the voorhees, bill goes late
operation.
At The conclusion OF Mr.. Bryan's speech
at 4;iO the House adjourned.
sixty-E'ghth hay.
SESATE.-A resolution was adopted request
Ing the President 10 send note Of thanks tc
each OF the governments represented by ex.
hibits at the Worlds Fair.
Mr. Pugh said he was tallsficd that nine
tenths Of the unconditional rcpealcrs did mol
desire the free coinage OF silver by M inter
national agreement, nor did he believe Prc-l.
dent Cleveland desired 1t or would make any
earnest effort TO secure II. He had never said
he expected or desired any international
agreement. Mr., push had no doubt a large,
majority OF the people OF the country wcr,
against the unconditional repeal OF the shcr
man 1rt than there ever was against the
force bill.
Referring TO the recent compromise, Nc.
Pugh sai1 the Democratic senators had united
In the spirit OF compromise and concessions
and selected an equal number Of senators
from those friendly TO unconditional repeal
and those opposed TO II. aud with the Lnoal.
edge Of President Cleveland aud Secretary
Carlisle that such efforts were being made Ia
bring Democratic senators together upon
somc common ground that could be enacted
Into Law. They accomplished that laudabir
undertaking, 50 far rs to agree upon n com
promise that secured the signatures Of every
Democratic senator hut tix. The fact was
not considered doubtful that foriy-ihres
the compromise had not President Cleveland
interposed objections and demanded uncondl.
tionsl repeal at all hazards.
Mr.. Pugh was now satisfied that all efforts
NJ compromise had failed solely on account Of
President Cleveland and his secretary OF the
treasury. He was Satisfied that he could no.
get sufficient number Of senators 10 join
him In flibusterlng practices and he wa.
forced 10 record his vote against this dlaboli.
cal measure aud appeal TO tbs people 10 or
ganlxe their forces for the great battle OF the
future.
Mr.. Stewart then resumed hi. speech.
When he had talked for an hour or 10 he
yielded TO Mr.. Jones, saying he would nnish
at anothtr time.
Mr.. Jones discussed at length tho relation.
OF the wor kingmrn 10 the money system. lie
said he presumed It was apparent the spccchc.
now being made by those who believed In the
continuance Of the purchase o. silver under
the Sherman Law nntll the free coinage OF
silver could be brought about were not made
with the hope OF convincing any senators Of q
different opinion. lie laid n, the door Of .
defective money system responsibility for the
great mass o! unemployed, and said the high
~, goal OF civilization In n nation would mol
be reached until every man wa. kept busy.
lie desired to say a few words Ia behalf OF
silver miners Of the United staies. They
were brave and hardy people; tried by
every gauge OF manhood and patriotism, they
responded to all tests.
In conclusion Mr.. Jones .ald. "The 10
man republic. Mr.. President, did not lose IL,
liberties until the Senate had ie.rncfn,ci IN.
10 mere instrument for recording the " VI
OF the chief magistrate. MarAuiry has CON.
mentod upon the case with which all demo
cratic forms and the names and i'tles hpper
tanning 10 republican form Of government
were preserved In that commonwealth con,
currently With the absorption Of all the pow
crs OF the state, executive. legislative and 10
dloiai. IN the hands OF one IMAM. But tia
was long time ago. Tin,es change aud met
change with them.
',This IL n very different republic from thai
Of Rome, and although history. We arr told
sometimes repeats itself. for one will no
believe the United States "a EVER TO follow
that OF Rome. Hon ever. there I. n majori,,
In this Senate In favor Of repeal. Let ME al
monish those senaior. to pause and frilec
there ID no rxigcacy whatever demanding II
passage. that no condition fcqlirrs II, an,
that II IL excellent To have n giants strength
but II 10 tyranny To use II like n giant" Ap
plaufr.
"a.