The National tribune., 1893-08-31
FRIDAY, AUG. 25.

In the Senate, chamber and galleries were
crowded with Representatives, Senators and
the public TO hear Senator Hills speech. The
character of the speech can be summed up in
one sentence: The man who came to listen a
few moments remained until the last sentence
was uttered.
Senator Hill placed himself squarely upon a
platform of bimetallism. He was for the repeal
of the Sherman law because that law had made
the fatal mistake Of debasing silver to COM
modify 10 be purchased in open market instead
of placing it on the level of money retail by
coming it. He was for silver as money because
there was not enough gold in the world to
maintain single standard and he was ready
and willing TO return to the condition of affairs
which existed prior to 1873. He believed that
repeal would be accomplished but he also
maintained that this would be and should be a
step TO recognition of silver such as this
country has not seen for 90 years.
In Senator Hills opinion, the financial dis
turbance was attributable to three causes:
First, the natural aud inevitable result of
many years of real or fictitious prosperity. We
haste TO become rich, the spirit of gambling
and illegitimate speculation had been fruitful
Dcauses of depression overproduction had
Fstocked the avenues of trade, and the markets
of the world were closed by a restrictive tariff;
enormous debts had been contracted abroad,
which must be paid. while it was also natural
that protected industries should feel uneasness
at the prospective withdrawal of long ng-contiuued
favOritism 'At the same time" added Senator
Hill, as ho tonched upon this last topic, the
Democratic party is pledged to tariff reform.
and must redeem its pledges, come what may"
Third, the Sherman law has been largely
instrumental in producing the existing COM
pications.
Il am bimetalist," declared the speaker.
g do not believe in single gold standard nor
single silver standard. but do believe in the
use of both gold and silver as the standard
money Of the country, and in theiS free coinage
i'll our mints at popular ratio, without any
discrimination in favor of one against the
other. / favor the repeal of the Sherman law
because it is un Democratic. illogical, danger
Gus in its tendencies and results, an impedi-
ment to free coinage, and disgrace to the
silver cause.
The permanent remedy for our financial
difficulties" continued Senator Hill, sis a re-
turn to the bimetalism which existed prior to
1873. Nothing else will do it. We have tried
everything but the right thing. Why not try
the only remedy that has not yet been applied?"
- The Senator regretted that the President had
not been more explicit in his recommendations
for effective legislation on the situation, and
ended by announcing his intention of parting
company with the President if the latter was
proved TO be following the path of monometal-
lsm.
The House joint resolutions as to town-site
selections in the Cherokee Outlet was discussed
and passed by the Senate. the amendment of
the Committee on Public Lands requiring the
trustees to be JOnG.fde residents of Oklahoma
Territory being defeated by large ority.
The Leo Mantle case was postponed until
Monday.
At 5:l5 the Senate adjourned until Monday.
In the House, the financial debate under the
five minute rule was monetOnous because so
little new had been left to say. The most in-
pressive speeches came from Mr.. Springer who
has recently been shifted from the donna Il of
the tariff TO finance. aud from Mr.. Burrows,
the erstwhile candidate of Jerry Simpson for
Speaker who took partisan stand.
The other speakers of the day were Messrs.
Pendleton. Bynum (who had tilt with Mr.
Pence), Bowers. Pigott, Dockery. Moon. Cobb,
Marsh, Compton, Money, Sickles. Payne Grout,
He mann, McKcighan, Doolitte, Hulick,
Wanger.
The House at IL o'clock adjourned until 10
q. m. tomorrow.