Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-08-19
THEY FAVOR REPEAL,
Those Who Spoke in the House
Today.
MESSRS McCREARY And CATCHINGS
Both Came rom the South and
Represent Silver States.
THE ARGUMENTS USED.
THE HOUSE.

THE HOUSE.
There was not very large audience ir
attendance upon the debate on the silver
question in the House this morning. but 1,
was an interested audience. owing to the
prominence or the speakers Gov Nc.
/ Creary OF Kentucky opened the debate
| and advocated the immediate repeal of the
| Sherman act. His remarks were listened
to with considerable interest by the House
| as voicing the sentiment of a community
which might be considered conservative on
| this question.
Mr. Catchings Of Mississippi followed him,
ana held the attention OF the House during
his entire speech. Representing a SOUTH
veTy psrsi
advocacy OF the repeal Of the Sherman act
attracted considerable attention. The
trienos II OF repeal take considerable comfort
IN tne AID ana encouragement which they
are receiving from southern members.
There will be a night session Of the House
this evening. at which four members are
They are Curtis of Kansas, Brookshire of
Indiana. Champ Clark of Missouri and Nc
Laurin OF South Carolina.
The silver debate was resumed immedi-
ately after the reading Of the journal. and
Mr.. McCreary Ry) took the floor In ad-
vocacy OF the repear Of the purchasin
! clause Of the Sherman act. An extraordin.
airy financial situation. he said. had induced
the President to convene Congress IN extra
ScSSAou. II mdttcTeQ not now Ren-
tlemen might differ in opinion as to what
had brought on the trouble which now ex-
isted. They all agreed that the trouble was
to the whole country. They agreed also
tnat IT was their duty as Represen "a tives
20 20 hnd a remedy. 1t might be that the
csnsn nesman az ,h act; 50 80 called. was the prime
1t might be that the huctuation OF silver
narts m Europe, the % %shrinksge Of values in many
parts or the world, the failure Of the Bar
INK BIOS, mad helnod n ho, ~
serious monetary condition which now ex-
is!ed. he had voted against the passage
failure and q colossal curse. The purchas.
ing clause OF the bill should be immedia tely
fttepea1ed. It should be repealed uncondi-
its merits. He was not in favor Of holding
tns sherman act as a hostage for the free
oS'ndse oS tbs q % silver He was heartily in favor
clause be repealed and then other leeisla
ton could follow. II a mans house was
On On nre ,,s ne would not stop to decide whether
ne wouio use the ctstern water to extin-
sulsn ~ or wait to cali upon the fire de-
partment. He would hasten to extinsujsb
ehas,nr chs names e,.ri Let Congress repeal the pur-
lation:, The Wilson bill did not dernns-
tize silver or strike down the double stand
Ire; Ir,snd he Z, S Mr McCreary) was here as a
irIsnu OF silver and not as its enemy
.,iisn, was IN favor OF international bimet-
ahasm; am he was In favor Of the repeal of
would be the best thing that could be done
70 help on an International agreement. To.
aay CAS- ,Engiand hoped that the United States
come to silver basis, because then she
WOULD get our $3.50, 10000 of gold The
United States could not afford to adopt a
could maintain such a coinage The oniy
pam 70 Iree coinage was through inter-
national agreement and the only way to
chasing clause of the Sherman Art
. plnietailist ne did not wish to see this coun-
try relocated to q silver basis.
Mr.. Bland CMo) inquired wbetber m.
Esntlemah position was that unless every
european nation was in favor OF silver ha
would 6e IN favor Of single gold standard
Mr. McCreary replied that the gentleman
na9 Inexperienced his position He was
today as much in favor of silver as waS
IN the gentleman from Missouri. and he was
IN favor Of travelling over the only road
which led to the free coinage Of gold and
the free coinage Of silver.
ssnd why the
meeting from May until November.
MI McCreary replied that 1t had been
RPEs.pohea Pmats IN order to allow the policy OF
been postponed in the interest of bimet-
Mr.. Bland made another inquiry. and
that was whether the gentleman had said
been postponed for the purpose e"ea Of Tae dsl
mon netiztng silver in this country.
Mr. McCreary-I decline to Yield to the
gentleman II he insists on misrepresenting
my position. / have already stated that
t, she postponement was in the interest Of
Continuing his speech. Mr.. McCr.ary ex-
pressed MS regret that the question OF
had been injected into this discussion. He
had no sympathy with those who now de-
s sdred TO change the ratio from Is to to 20
strike down and destroy every prospect cf
internatlonai agreement. To change the
ratio ratio, would be to diseredit every dollar of
tA6 CA>k~ ~
OF Congress was to act without delay, repeal
tne purchasing clause of the Sherman act:
she ne second duty was to let free coin age
STAND by patriotic President in his efforts
to advance the prosperity Of the people
and the welfare of the nation.
Representative Catchinxs.
Mr.. Catchings (Miss) said that he would
vote for the unconditional repeal OF the
purchasing clause of the Sherman act, and
ne would vote against any proposition d.
rectly or indirectly looking to the free COIN
age Of silver In this country at this time.
at any ratio that could be suggested. He
had come to this determination after care
of the Chicago platform 1t had been said
that no democrat could vote against free
Coinage. He was a democrat His dem
this floor. and he would not allow any man
to challenge or question 1t. He stood by
every plank of the Chicago platform: but
Hat pidehoI III HOW mere uemdnQeU tne 1ree
coinage OF silver at this time. He re-
viewed the silver legislation Of the country.
and expressed his opinion that the act Of
1873. miscalled a decentralization act, had not
demonetized one dollar Of silver in the
whole globe.
II we threw our mints open to the free
coinage Of silver would not the experience
of India be repeated in this country, and
would not there be repeated here a fall
in the value of the silver dollar? The
United States was the greatest nation on
the face of the globe and contained tho
proudest people. Every man who took a
silver dollar today knew that this great
and proud people did not intend to have 1t |
In value. Every man who
took a silver dollar knew that it would he
redeemed even II the government had 10
issue bonds to draw gold from other coun-
tries.
The silver dollars were obligations Of the |
government, just as were the greenbacks
The reason that the world did not take sill |
yer was that the world did not want 1t ex- !
cept in limited quantities. He was in favor |
Of the repeal Of the purchasing clause of the
Sherman act. beause it would tend to RE
store confidence. He would 90 further
and say that 1t would restore confidence
and unlock the money that had bean
boarded up. To the Sherman act he at
the present depression
He did not believe that the failure of the !
Barring Brothers was responsible for the
panic In this country. There was no panic
In England. which would naturally be the
first affected. He did not believe that the
panic was attributable to the faiI;,ra ne
Australian banks. There was no panic in |
Australia or Great Britain. He therefore,
both these events as being the
cause OF the situation In which the Iyn,taS