The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-09-26

the Congressman were obstinate and
would not allow others who knew all
about it to establish the financial policy
of the country? Did it arise from knowl-
edge? In what public document had the
president ever shed any light on the great
question of finance? If we would stop
the necessity for a revolution and pre-
serve the equilibrium of the departments
of government, we must protest now.
The atten tion OF the people must be
called to aggressions. 1t is the only way
to preserve the Independence OF the CO.
ordinate branches of the government.
Stewart then had read an article from
New York paper which said: Mr..
Voorhees,, free coinage chairman OF the
finance committee, has received plum
from the administration in the appoint
ment of friend as the fourth auditor OF
the treasury.
Voorhees, stepped up to the clerks
desk as soon as his name was mentioned.
but Stewart promptly said he had not had
the article read for the purpose OF re-
f1ecting on the senator from Indiana, and
VOORHEES, took his seat.
1t was now O'Clock and Stewart then
asked that his resolution go over until to-
morrow instead of being placed on the
calendar.
The repeal bill was taken up and Stew
art continued his remarks, addressing
himself wholly to the repeal bill, how
ever. Stewart yielded to Cameron, (Re-
publican) of Pennsylvania, who spoke
against the repeal. Cameron said:
"Under the much-abused Sherman act,
we increase the currency now about
$50, 600 600 year; barely enough to meet
the needs of the natural increase OF popu-
lation. In q very few years, this act
will undoubtedly restrict coinage. The
people of Pennsylvania want, even now,
and expressly require, greater increase
than this. Ii silver is sacrificed, the
manufacturers will be responsible for 1t,
and in that case, | take it for granted,
the silver states will revenge themselves
by throwing all that weight on the side
of a reduction of the tariff. Our manu-
facturers might flourish on low silver and
high tariff; they must perish on gold and
low tariff. l propose a gold loan OF so
MANY hundred millions of dollars as Con-
gress may decide, be boughtat the market
rate and held in the treasury, as the gold
reserve is held IN the Bank of France and
by the governments of the Latin union.
propose to open our minis to the free
coinage CT American silver, imposing a
duty on the import of foreign sill
yer. l propose further, to repeal
the tax on state bank circulation. l
would also press once more for action in
favor of our shipping; to meet in part the
deficit OF our income Tor the next year, L
would re-impose a duty of 2 cents a
pound on sugar, and repeal the bounty.
Then would waita year and see how the
system worked, and how far we are al
fected by foreign influence.
Bate, of Tennessee, then addressed the
Senate against the repeal bill.
At 4 O'Clock, Stewart again took the
floor. In reading letter from Cleye-
land, he criticized the use of the word
intrinsic" as applied to the value of
gold and silver, and said the president
did not know what he talked about.
Stewart read from newspapers various
articles as to the attitude of the president,
finally coming to the published TELEGRAM
from the president to Chairman Wilson,
of the Ways and Means committee, con-
graduating him on the passage throught
the House of the repeal bill. Gin hun
dred and odd years of American in
dependence, ~ said Stewart, "there is no
precedence for such action 1t seemed
from that dispatch, he said, that the
president regarded Congress as his SER
wants and thanking it as good and faith
full servant for doing his bidding. With
out concluding his speech, Stewart
yielded for executive session, after
which the Senate adjourned.