The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-10-26
FIFTY-THIRD CONGRESS.
STEWART TAFEIEs THE PEOPLE OF
KANSAS AND MISSOURI.
The Senate Was Satisfied With q Brief
Session Yesterday-Lively Debate on
the Bankruptcy Bill in the House.
Clearing House Certificates.
SENATE.

recess of the senate expired at 1890
o'clock this morning, it was Is min
utes later before any business was
transacted, as the last senator neces.
sary to make quorum did not appear
till 1895. After some routine business
Senator Stewart resumed his speech
AGAINST repeal. He said that he had
| found that where the slavery agitation
was most violent human intellect was
most active and that in Kansas and
Missouri there was much higher
average of intelligence and broader
grasp of public questions than in any
other part of the country. With this
preface Senator Stewart read letter
from a gentleman in Missouri sustain
ing his side of the silver question.
Senator Mcpherson though that
if gold had appreciated
interest would have gone
up and labor down, whereas in the
past 10 or 10 years United States bonds
have gone down from 5 to 2 per cent
while labor had gone up in irregular
increasing ratios. If gold had goneup
as Jones had alleged, Senator McPher'
son expressed his inability to under
stand how the country on gold basis
could stand those connections.
Senator Jones replied that he had
shown to the satisfaction of every
man who listened to him one of the
highest proofs of increase in the value
of money of any kind, and especially
in the new and unfinished country
there was a decline IN
rates of interest. If money were
increased in purchasing power in
its command over land and over pro-
duction of labor everywhere. and if
prices were falling, who wanted to
enter into any business? When money
was increasing in value and prices fall
ing money was congested in money
centers, there was no demand Tor it in
real, legitimate business enterprises.
The result was q tremendous contest
and competition to get hold of gilt
edged securities. Senator Jones at
o'clock said there was no desire among
those on his side of the question to
consume time unnecessarily, but as he
was tired he would yield the floor and
allow Senator Stewart to resume his
speech and would ask the indulgence
of the senate to proceed some other
time.
Senator Faulkner (Dem., Va.) being
satisfied that the remarks of Senator
Jones had correctly stated the posi-
ton of the opponents OF the bill,
moved that the senate take recess
until 1890 tomorrow. Motion agreed
to.
HOUSE.
WASHINGTON, Oct. 24.-After some
trivial routine business Mallory (Fla.)
called up and had passed the bill to
amend the revised statutes to include
engineers and assistant engineers in
the list of officers of United States yes
sells required by law to be citizens OF
this country.
Debate on the bankruptcy bill was
resumed. Mr.. benson (Ala.) took the
floor in opposition, He described at
length the depression OF the DEBTOR
class which he ascribed largely to de-
monetization OF silver. "Now you
have demonetized silver" he said,
you propose to inaugurate the crn-
cial performance of the auctioneer's
hammer to complete the work that
has been going on"
Mr.. Patterson (Tenn.) broke in to
deny some statements of Mr.. benson
and the alteration grew lively, draw
ing in Messrs. Bland and Bryan (Neb.)
Mr.. Patterson objected to the state
menu that the administration sought
to eliminate silver from circulation.
Mr.. benson insisted that such was
the purpose of the repeal bill and Mr.
Bland affirmed that if the Wilson bill
passed silver in circulation would
have to be redeemed in gold as green
backs were. 1t would leave the stand
ard money absolutely demonetlzed.. =.
Mr.. benson regarded the Wilson bill
as rescript of the Sherman bill intro
duced in the last congress. You" ne
shouted, looking around at his col
leagues, You call yourselves Demo-
Gratis and yet you are voting for
rescript of Republican measure, ex'
cept that the Sherman repeal bill was
infinitely better than this"
Mr.. Bryan asked Mr.. Patterson il
he would vote for complete repeal OF
the Sherman act as demanded by the
Chicago platform instead of the repeal
of only the purchasing clause.
The questions caused Mr.. Patterson
to explain at length the position of the
administration Democrats. The issue
was between the gold and silver
standard. If the purchase law is con.
tinued the treasury reserve will be
broken down and the country placed
on silver standard.
Mr.. Patterson's explanation elected
from Mr.. Bland a declaration that he
PATTERSON had admitted everything
he (Bland) had charged.
After this diversion Mr.. Benson re-
sumed his argument against the bank
ruptcy bill.
Mr.. Dalsell pa supported the bill
Mr.. Ray On. W opposed the bill
Mr.. Bryan closed the debate for the
day with vigorous speech in opposi-
ton to the measure. This bill
is not drawn in the interest O
the debtor class, 1t comes from
L. L.. 4 l. -