The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-31
SENATOR GORDON.
Re Speaks for the Unconditional Re-
peal Of the Sherman Law.


peal Of the sherman Law.
Washington, Aug 29.-Gen. Gordon TO-
day addressed the Senate. There was
he said. one crumb Of comfort in the
present calamitles Of the country. They
emphasized the damage done by congress
sional mistakes. In the long listof financial
woes there was heard one cheering note
That note was the voice OF
the people calling upon democrats TO re-
I deem their pledges IL was a popular
demand for the repeal of the Sherman
law, and for the Inauguration of a sound
and stable and liberal policy of finance.
The Democratic party had made TO the
people four distinct. emphatic and equivo-
cal promises. They were to reform the
tariff 10 repeal the Sherman law
10 place gold and silver on an equal
footing, and to remove the tax on state
banks. Coupled with these promises,
there had been the one condition that the
people should turn out the republicans
and turn the government over to the dem
ocrats. The people had decided on those
promises had met the conditions; had
turned out the republicans, and had
turned the government over 10 the dem
ocrats.
THEY LOOK TO DEMOCRATS.
And now, with anxious, even agonizing
suspense, the people looked to democrats
to see what they we're going to do. There
was no escape for the party II had
to eitherredeem or TO repudiateit spledges
The pledge as TO tariff reform would
doubtless be fulfilled in due time. not so
as to hamper or cripple the industries of
the country, no so as to place distractions
in the pathway either of infant or
Of aged industries, but, by better dis
position, a wiser adjustment. possibly by
free raw material, to help the manpfac-
turers to lift the burdens of labor, to'pro-
tect the common people, and thus to bon
eft all. And for the sake of the great
party to which he belonged he sincerely
trusted that as much might be truthfully
said Of the pledgeof financial reform and
he believed that as much might be said
The party had promised to repeal the
Sherman law. Why, he asked, halt be-
tween the two Opinionsl If the friends of
bimetallism none more ardent and sin
cere than himself) were strong enough in
the Senate to impose conditions upon the
repeating bill, that same strength would
suffice TO face bimetallism as an
independent bill. The Sherman act
was not the friend, but the foe, of
bimetallism. AS true friend of
bimetallism, firmly convinced OF its vital
izing influence on the languishing indus
tries of the whole country, he appealed
for the unconditional repeal Of the Sher-
man law He declared that he should
support, unhesitatingly, prompt concur
renee in the House bill
OPPOSED TO LONGER DELAY.
With the uncompromising attitude of
the Hosue against bimetallism and for i'm
mediate repeal Of the Sherman law, an
insistance by the Senate on the substitute
reported from the committee on finance
would involve indefinite postponement,
and for that reason he could not support
the substitute. If the Senate insisted on
settling ratios and plans for parity, or re-
peal, while the House had insisted that
ratio and plans for parity should come
after repeal, the country would be
brought face to face with a condition
which all deplored. 1t would involve adj
ditional delay; and in the meantime the
condition of the country would grow
more and more alarming.
COTTON AWAITING THE ISSUE.
While congress delayed, southern cot
ton was seeking u market with few buy
ers, save foreign houses and their agents.
and the price CUP to a few hours ago. had
descended far below the cost of produc-
ton If this fate should now lock the
wheels of progress, which had been set
III hOJlOu III Ou6 ounSF emu OF the capitol,
the price of cotton would again descend
below the cost of production. He could
not vote for a measure that involved ad-
ditional delay.
Mr. Gordon in the concluding portion
of his speech advocated the repeal of the
ten per cent tax on state banks He said
it was absolutely certain that the
states might be wisely and properly land
that they ought to be- trusted with
a larger share of responsibility
in financial affairs. He was quite sure of
being within the bounds when he said
that if the last congress had repealed the
tax at its first session, Georgia would
stable, and capable of accomplishing all
the purposes of domestic trade. and the
panic would have been impossible in
in Georgia.