The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-08-26
ARCASTIC Reed
He Says He Will Vote for
Repeal for Two
Reasons.
THE DEBATE cLusES TONIGHT.
Wilson Bill Will Pass. But the
Senate Will Pigeon Hole 1t
for the Voorhees, Bill.

luK INC tUut ucCo Ollie
WASHINGTON, August 26. 1898. The
gallo ries OF the House were full Of spec
tators this morning before the nour or
meeting (tsn o'clock A. MI attracte | BY
the announcement that the last day of
the great silver debate was to be signal
ized BY q battletpf cthe oratoriai gaints of
the House. The chaplain in his opening
prayer asked Gods blessings on the clos-
ing ho.rs Of this long debate. Thou
hast already sent thy blss sing. for IL has
been conducted with q mild christian
like spirit. May aothina occur to mar
that spirit. az The debate comes to it's
close. And we bsseech thee. whatever
may be the result Of it hat the result
may prove 20 be a lasting benefit to the
largest number of thy people,"
ORDER OF PROCEEDINGS.
The Speaker the order of
the days proceedings. Under the bour
ruie. he said, the time 10 favor Of the bill
would close with the member from West
Virginia. Mr.. Wilson, and III opposi-
ttou to It by the IN from Missouri
(Mr. Biand).
The first thirty minutes was assigned
by Mr. Wilson to Mr.. Clark (Dem., Mol.
He believed 1t the duty Of Co ngress to fx
the ratio at Is TO |. In his opinion there
was no differences Ia the ability OF the
country TO carry out 81 liver coinage, bet
ween q 10 and q 20 ratio. Il toe country
could dc it with a ratio Of 20 to |; it could
do II with q ratio of l6 to /. Still he would
not cast a vote that would parslyze or
continue the paralysis of industry all
through the county, and in his section
applause or the q oor) there was no ques-
tion about the necessity Of immediate
action In order to restore oonndence.
Mr.. Clarke's time was called Mt hal.
past ten. aud the floor assigned to Mr.
Reed (Rep.. Me-
Mr.. REEDS ADDRESS.
In beginning his speech Mr.. Reed con-
fsssed doubts of the wisdom Of the
| House to deal satisfactorily with tho
question before it. bat expressed his con-
| fort 1t being able to fall back upOn she
| well asta blishe1 belief In the wisdom Of
the decisions Of Congress-. Crisis like
the present, he said, were the insePa rabls
R-ccoMpanlMeuts Of all human pro gress.
which IL u aeries OF upward starts u OF
falls at aimoss proportionate length. The
for mer may be characterized In n word
s.conftenee;" ths latter In another word,
s~sdistrust." These ductuattons occur al
most enthusiastically. always sympa-
thaticAIly The woeid over, SO closely 10
| business allied by the telek raph aud rail-
road. Mr.. Reed sarcsstically referred to
the policy Of the Democratic party. and
| passing then to tho consideration OF the
| question Of repeal. said that while he
wal In favor of II. he did not think 1t
would BIS an fmmetiats cause OF a revival
OF the prosperity Of the country.
WILL VOTE FOR REPEAL.
Nevertheless he would vote for repsal
for two reasons. First, because, whether
| Justly or not, the Sherman law Is be-
iieved to be the cause of
the u~nrsasoua bic b oarding of cur
| rency throughout the country. In
ment to the managers of the banks gen.
orally, saying thai in his Judgment they
were doing an nonorabis and patriotic
work, ana we're the mainstay of the coup-
try against failure and future disaster.
The secoud reason was that only BY rs.
| peal could the uathn hope TO attract
foreign capital. without which it were
| vain 10 hops for an upward turn Of the
couutry's business. We must put our
selves, he said. ia a position when the
| time for that upward turn comes, 20 Oe
able to command The capital OF the world,
which shall assist US on the path TO the
next period of prosperity and progress.
THE PATHWAY OF DUTY.
Mi. Reed paid mis- resps cts to the OBJ
lection that this proposed repesl was a
renewed demonstration OF silver, and
characterized tbs charge I hat the law of
1910 WG6 y bttNA nc OaS VA bu0 t0U&L
Y~tupendous fabrications which has ever
existed in political life." II there we're
any appreciable difference In the value
OF The two metals. sven IS much as two
or three per cent. the CD saper would
driys. out the other as The
showed. Upon sns a.ss Ssas' n
that the repeal Of the Sherman law would
increase the burden OF the borrower. Mr..
Reed said there will also be a borrowing
and lending world, aud IL Is OF the first
Importance. not less to the borrower than
to The lender. that la VS. upon this subject
be made ia n spirit OF fairness and JUS
tree TO both classes. In conclusion, Mr..
Reed said;-
What, then, 10 tho path way Of dutyi
The unconditional rep cal. That will
either give relief or NOT. IL not. then we
must try something else, and the sooner
the bstter.n
o TO REPEAL.
MI. DeArmond (Dsm.. MOI was the
next speaker, having half an hour as
signed 10 him. He was opposed TO re-
peal and In favor offfree coinage, aud he
lnduiged ia some criticisms upon the
Sscretary OF thu Treasury.
Mr.. Williams (Dem. flis) followed Mr..
DeArmond falso In Mr.. BANDS time)
muking q strong argument for free silver
coinage.
THE SICK COW.
MEs Attou .tDem. MISS 9alu tuHg un1lKe
most OF the gentlemen who had adj
dressed the house on this important
question. and who had disclnined
being 3nnncfers or partisans, he
was both. (Laughtsr). He had
made the question Ut currency \
study for more than forty years Laugh
teri. But he was not one OF those nnnn-
Glars who were responsible fof the pres.
ent strlngsncy. He had Kept hls money
in circulation Naughterl He had
done about IS per cant Of
hs did not think that was q GOOD plan.
Tor hts creditors wers now clxinorfng for
him 70 do something TO restore confidence.
(~Laughter,) The country Wal ill. but
the remedy proposed was not
the proper Que. 1t reminded
him OF the story OF the darkey
who, being left In charge OF a farm, wroie
10 his employers: de COW has been sick.
Think sBe Is well OF tbs disease now, but
/ think she will die OF tbs remedy / done
give hex" (Laughtsr). He (Mr. Ailsn)
would like TO cure the country OF
TIE disease, but he did not want to vote
for q remedy thai would be verse than a
diseAss. He did not propose to be
driven or bulliieu into doing that which
In his humbla judgment would be q bad
thing for the greAt maRsessof che people.
PROBABLE ACTION IN THE MATTER
Tit prevailing impression rs to the
probabls action of the two houses 1nds
EXPRESSION rs follows
1.-The vote on tho Wilson repea1 bill