The farmers' union. (Memphis, Mo.) 1891-1895, 1893-08-31
DISCUSS THE DOLLAR
SPEECH THAT is SILVER ANC
ANTl-SiCVER.
Specimens Of the OratOrical Outflow Mined
from the Veins Of the Congressional
Record Many Proposed solutions, -: "a
Great Question.

Debate In Con-
-iivcr-tonpucG orators IN Congress
have spc ken fer s:!ve" 40 aga Mt IL
Yer. Some sav. not spoken az all.
while still others. not ~lfvrrt, n-Ucu.
have talked nd have sd nothing #
Interest - the ruhl:c. Many e the
>peech.- made during the two weeks
dcbat. have been If such I.ng'll L Il
/ G ilrcsf ne. {! q no aTer except "lti'
esteemed contemporary. the { ngr' =
-io nal RecO,d. has r:i't d 10 pr'n' II CSC
speeches in full. Ere III the E. Il, Il
this more or less interesting i's.. naI W
extract the following f'cm the efforts
Of some OF the prominent Crn.t@l:
senator Vo"-hcr-' Plan.
Senator VOORHEES,, Of Indiana Dem. W.,
confronted by law witho.., PIE Client or
parallel IN American history: law whch for
months past had been the theme Of al. Tongues
and pen, and III whose financial! panic
alarm. and distress lad been invoked, and for
whose repeal this Congress has ht Ell convened.
As a firm. unfalteting believer IL bin.etal-
li-m. voted against Re passage OF the Sher-
man act, and for he same reason Will vote fo-
its Iepeal The cue st ION has bee II asked whe h
er vote should he given tor its unconditional
repeal or whether substitute must be agreed
up H.. l wosld at once eradicate this con
1esStu evil IIOlIl the bOtt OF buI iu"~, with
no other condition than my right and flee
agency TO support and 10 secure. in
connection with its repeal. or fterward
by independent measure the sue
cess Of is immediate repeal the primary
duty Of TIE hour may at tie time dictate. a
sound financial system embracing the coillag e
this statement ! only repeat The declaration
Of he Chicago platform. The banks intensely
fealize that ,hc present snrply of government
bonds for banking purposes must tie very
largely Increased within tn" next five years or
they will ne forced TO commence winding up
and rc'rea:i"g from the theatcr of action on
which they have so long appeared ! stand
against the existence the increase or the per
petuation Of the national debt for purposes Of
nat iOnal banking and call upon the million .
VIII" constitute the great army OF the
lab"rers tn take notice Of this issue from this
time an issue that will not down at any
| mans bidding. ] DO not expect the
government ever to abandon a rational
currency, though it would abandon the sys-
tenn " national banks. The great
value of state bank money is, and ought 70 be.
mainly local. 1t will increase tue home circu-
lat or and the home accommoda alton OF every
sv'icnltnIa community on American sol
In the meanwhile 1t should be the duty of the
Federal Government to issue Its own unas-
saiiai'lc notes by retiring much OF the present
outstanding currency and also by the pay
luent OF its debts. and to issue them in
al cunts equal to the requirements Of trade as
nearly ascertained rs possible. Those who
live to witness the ado ptiOn Of this policy will
look upon the safest. strongest and most bcne
! hcial system of finance ever before known in
American hi tory II has In 1t the Clements
with which to accomplish these paramount
! and Indispensable features of al sound fnan-
Ciai lcgis1atiOn:
|. 4 sufficient volume Of urrency at all
3 times. state and national, on practically Il
specie basis, guaranteed also Ivy public honor,
with " hich to transact the growing and cx-
landing business developments of the coun-
try.
>. The absolute denial and dcst rUcton of
an rover iii h. hands of individuals, corpora
tons or Struicatc- 70 cause ftuctu itloliS IN
1En amount Of the different p,.lp >, 81 y
cnlation. thus rendering pani,s and business
distress Impossible for the future.
3. Every collar in circulation. wht Their gold
or silver state bank paper or United states
notes. on strict parity and INTERCHANGEABLE
with every other dollar. thus securing I" the
people the benefits and advantages of both a
state currency and Il national currency cir
cu!ating in harmony ana uniformly perform
ing all the functions OF money at home and
abroad.
!. The settlement of the vcXed question of
silver money at once and forever h., uthoriZ-
ing II I" form its PORTION of the specie basis
required by the Constitution fer every cha
tered bank i'll the Mon: by rtco"rlzing 1t
when defining the powers OF the It ,te I" make
legal tender money thus making the of
| silver coined into money Imperative it
was useful TO the great body OF the people.
:. The total and complete overtime" of the
dangerous Capitalization of the money power
row existing at Il 1e" money centtrS ana III
| the hands OF a few individuals by giving to the
people Of the 5 ,ntes the RICH, of home rule on
| the subject or money. and thereby securing I,
| them a reliable, Notwithstanding home circu-
| lat ion.
y" Question Of SECTIONAL sm.
Senator EOar. of Massachusetts Rep. Mr.
President. any man or party in the Easts>,
States who should desire to have the value o,
| the purchasing power of the dollar increase
in urt.r that the value OF debts. that as
sured AMI permanent incomes might he IN
creased. in order that speculation IN GOLD
or in credits might he rendered mere profit
| able would be hurled from power and hurieG
in iufa,Ny ly the swift and right, Gus indigna
ton of the whole people of those states. The
prosperity. the power the happiness. the
rapid growth OF the Nor.hwcSt and the south
are a. dear TO the rtopl" Of New England as
sire and Stri:c Tor. Is not IL! apr'cc,at M
standard of value. but an ut-changing Il tndar,
of value. so far a. TIE lot uf humanity will
admit. Appreciation ami depreciation can be
asc.rtaincd and provided tor. Ent. to use the
expressive phrase OF Mr. Ealfour money l.
the record Of obligations extending over lone
periods Of time And ii Is an injury II is
| destruction Ia any community which has
risen IN civilization above the pirate stage
when that record is liable to uncertainty Is
the subject OF speculation or rambling. II
the people of the Northeast seem to the peo-
pie OF another part Of the country to be
ronteudiug for anything likely 70 bear
. hardly upon them. ii il because they de
not see or anticil ate such Il result. and
not because they desire il or are indifferent to
II, do no; believe that any large number @,
the people ~ the Northwest desire the de
>truction of property. impairment of credit O:
any INJURY Whatever 10 the people or the
Northwest. Their ambition is 10 acquire III OPP
q erty: their hope Is in the establishment and
maintenance OF credit. They ALWAYS ha de-
pended anu for a long time III the future must
depend for these things on close alliance
and sn interchange of advantages with the
people whose children they are. with the
states whence they came. and with commuii-
ties from whose institutions they have mod
eled their own. and with whom in the great
and glorious future they must live or bear nc
life. Chief among the resources of the Wes.
is its alliance with wealthy and prosperous
East. The wealth of the East must perish
but for its alliance with a wealthy and pros
porous West
Locating the Responsibility.
! Senator tockrell. OF Missouri Dem. Mr.
President. confess that the people have los;
confidence; hu; in whom In the financiers
the gold monoms talistS who are undert kinr
TO ia ten their lnlqultous snd oppressive and
rohher system upon the toilinC mii!ion of this
country. Confidence has been los. i'll the
banks shat made this panic To order no cut
and tedgcd AID rolled II in 20 suit themselves
and then II escaped fr, III their clutches and is
PLAYING sad havoc with them and with all the
people of the Il ited states II passed beyond
they control. and the people have lost conn