Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1893-08-31


DANIEL W vooRHErS
silver bullion \ synopsis Of the rrin-
elPai POINTS IN his argument is as fol-
lows.
The senator said that for nv. rortA< had
gone up he voice q thr prophet Of nnaarfaI
wi. from the great moa.Y csnters hai euan-
a'cd erust edicts Contracting the currency and
resulting IN panic aud yet no one believed
therr va want Of cuahieues ia the govern
neat enciit or n The stability Gifts eurrrncy.
Eject OF the sherman Law
Having Illustrated The power and aatv On
thc government IN Furnishing sound aza re-
liable and constitgtiauaI money Tor The n.c-
Pc Senator EcSrhess a. this posut said he
va eunfrouted By . law without rrrer
dsnt or parallel IN American history. q
aN shieh for months past had been The
ta-ne o. al tongues AMI pens. and IN whose
name financial Panic. alarm and distress had
been Invoked. aul for whose repeal this con
grrss had beea convened This Law resulted
from a compromise. and in an evil hour. me
worst and darkest that ever b~fel the cause
OF ntmetaIil.m CT tn honor and exist
enee Ct silver money. TIT. pernscious
compromise vas accepted The act vas
not intended in goot faith for the
coinage OF silver At all On the contrary. n
80 AA- 'AAN " NANFT nfNF v.
and it, purpose WAS 10 degrade. dishonor ami
disgrace this. one OF the precious metals until
10 cculd no longer hold its place with gold q. .
part OF the specie basis OF this counts and
Of the world In reducing silver 70 q m.r
chaatsbie commodity. on a level with the prod
ucts Of the ncid and farm. azd issuing treasury
certificates On 10 according 70 il market value.
there could bs bat one eject on the dignity ard
stability q that great MONEY metal IL re~led
and staggered under the bloN until nov its
enemies PRED cted vita by It's speedy and total
dsstrueton
No, an Enemy Of silver.
senator voorhees, satt b. voted against the
passage % tLs SasTm1n act. ant TO- The sane
reason BE- Woald vote foe It's repeal Tne out
cry. IN csstain quarters NJ this time. that those
Who vote Ar the REPEAL Of this measure.
are ensme- q silver ~ money. and ia
favor Of its Concentration, vas rot ouIy false
20 far as be was concerneL but ia the
light % Ehaa naf happeaeI IN the past IL wAs
absurd He ~eratar voorhees, would At euee
eradicate thls confessed evil from the nodF %
our avs. with M other ecndifioa than his right
and FRYE aErney 10 support and 70 secure by an
sndeuanasat measure the coinage q silver on
Al equality Niih Eott
Power of Concerted Capital
The bitter and determined assault which ha.
bsen Witnessed On the present characterization
% caupsi an ems rruouS tSsue OF government
bonds Raj rot suas unheedsd by the American
people. nor had the authors OF the assault nor
those Interested in IL. success escaped wtee
spread And INTEL gent observation
me ezmpai-n e capitalists seeking . new
supply Of iateFest-ueartnx government BOMBS,
did not cunda- themselves 70 any one point Of
assault while they operated TO br-ak down the
gold reserve. and 70 that extent impair
the public credit They startled the eoua-
Try amt thrilled the World with the
cry that American gold vas running
away from the silver blasted country.
chased cut ~ silver money. And that there
Nas no say 20 lure it hack exeept to bast
beautifully with government bonds The
Sherman act Wa niaae 10 do double
duty, and vas charged With grave Of
fences in which il had no part The
goIa shipments Sere 70 be ted
for ~ part OF the plan 70 sack the treas
ury. which was 10 BE- accompanied by q
ecreerted outcry from terrurstrfekea business
CIRCLES and from the Whole national banking
system That nothing could restore confidence
and credit save the ISSUANCE Of S8.o0le Of
bonds
Menace to the People.
He had no desire u as-kil the national banks
Il vas the system be 2rralxaed and not he in
dividuaIS Who conducted t. The unrestricted
uurestrained asi anhridIet power Of these
Ranks. whereby the cireuiation Of money In the
hands o. TOE people can often 10 and has
bs~a suddenly nuctaated from . prosperous
maximum 10 a situated and distrr=-sni mia
imam. constituted a standing and frAghtfal
menace against the safety. the welfare and the
happiness OK the greas AMI most useful body Of
the American people
Forced consrs~tisa 81 Currency
Had n. men in business and the toiiin<
millions Who suffer most been tempted IN
their distress To say that THAR vas no
longer money IN this country The books
showed that somsthinz uore than 81
odDoo-nsariy ts per eapita-~ere IN cir,
euIAtsan within the past year and should
be in circulation to-day. The government vas
no, IN direct contact With the citizsns on this
SUBJECT. TIE national banks we're between
the government and the people. and IN
their vaults to-day lay hidden millions
and hundreds Of millions dedicated 10
circulation. held there ey the coward
" uupatrfotie fear which has always
haunted great earthly Possessions Could
any oce be blind 70 the fact that the banks had
not only without cause. except their own inter
est. turned heir KEYS or all business prosp-rf-
- IN, ,hat they had also attempted 10 seize
The government itself By the threat and 10 play
bulv and nastiF towards those highest Ia a9-
thority-
Another Evil
condition Of the two extremes Of vast con-
solidats.t wealth on one nan4 and absolute pow
srtv on the Other-both very dangerous ~ As
rapidly eliminating In this country Every
prouositiou 10 put more money in eireula-
don aud within reach Of the peoples daily
,ol was always i~eArfully denounced By those
Iuterested in uiainixinz the wages and The en-
ehanxeable value OF property Every dollar
xhteh tended 10 make the people independent
Of the banks the usurrrs and taskmasfers vas
looked upon with aversion
Even the pension rolls Of the government-
he records sacred to the blood aod
tesrS Of miIions-shed for the extstsnee Of
he American union-had not escaped De
,errined and vindictive assault The fact
that me amount Of money in circulation Is
Ixrxelv Increased every three months IN The
wear by the paymeatof pensions hiatt i cone
xtthout the agency Of the banks and oeyond
their eoutroi. has excited the open and bitter
a~t imposition Of the great nosey eeuters
from the very beginnin our present pea
~ioa svstem- Senator voorhees, said that
81 was clear 20 bis uiEd that pension
money. amounting 10 over u0,so1wo per
.nnum. perhaps. and going everywhere. was
- N The greatest sourees % relief no~ lett TO
the people in the var o. currency tndepena-
q. q ne selsFzeHas, TsuF:Eg power % iHs