New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-14
|'Hl2!lIL!S
EXTRACT

stopping its purchase and coinage anu uo"s II
quickly From the distinguished Senator from
ohio Mr. Sherman down through the list, every
one who had spoken the bill had said that the
Sherman act not responsible FOR the hhahciai
distress But the bankers who met in Washington
Yesterday had with effrontery declared III their
resolutions that the Sherman act vas responsive
The business Of the country Mr. Dubois continued
was already reviving; and why were not Senators
| willing tn risk the effect Of a little time TO be
spent in discussion?
Had the country ever been endangered by que
| deliberation in the Senate of the United states!
! He recalled the time when the Senator from III
diana ably seconded by the Senator from Mary
| land Mr. Gorman) claimed that debate, unlimited.
should be had Had the Federal Elections bill been
any more important than the Repeal Dill! Inc
former affected large section of the United States
but the latter only affected large section OF the
country, seriously affected every portion oil H.
and might in a greater or less degree AFFECT the
whole civilized world This was too serious q
time for undue haste.
Mr.. Voorhees, protested that nothing was iurther
from his purpose than an interference WIN inc
| legitimate and wholesome exercise or the rsht Oh
debate He did not intend TO be provoked into de-
batting the question until later on; but ne couiu
not let one of the remarks OF the Senator from
! Idaho pass without objection. That Senator had
| spoken of undue haste TO destroy ana denoheu%r
silver He (Ar. Voorhees, was Il better friend OF
silver than any Senator who rcsorted 10 obstruction
Il
of the six hundred odd million dollars now in eX-
istence in the United States would be demonetized
OF the 100000 of legal tender silver dollars ana
the 81 100000 OF subsidiary coin embodied In the
financial system Of the country, not dollar WouIn
be demOnetized There no such thing pro
posed as decentralization Of silver. There might be
land he trusted there would be) suspension OF the
purchase of silver bullion as commodity miser
able commodity. The proposed legislation did not
touch money. 1t touched traffic in u commodity
which people had to sell.
Mr.. Dubois diSclaimed any intentional disrespect
to the Senator from Indiana in his remarks. but he
would ask him-as the Senator from Connecticut,
Mr.. Hawley, had been asked Observation-Disclosures it
would not be necessary to supplement the Repeal
bill by some legislation in behalf Of silver.
Mr. Noorhees-Yes sir; and | am ready 10 engage
in IT, / do think it fair to judge any Admins
tration by any one mere act OF legislation. on a
great subject like finance especially. Legislation
will not stop with the REPEAL Of the Sherman act
Undoubtedly ot-neither to silver nor to some
other questions.
Mr. Dubois said that & nator from Indiana
could not blame him for g.. rrs;ing any promise
as future silver legislation. in view % what had
taken place in the past. When Mr.. Hayes was
President the people had sent representatives, TO
Congress instructed TO vote for the free coinage OF
silver. But it known that Mr. Hayes would
not sign free-coiTage bill. and, in fact. he had
vetoed the Bland-Al'- act. The sherman act had
been drawn up Ing 10 its author. in order 10
avoid a freeconage act. And now burned children
dreaded fire" Would any Senator he asked, stand
up in his place and say that the present Executive
silver?
senior Senator from Idaho Nr. Shoup). who ia en-
titled TO the floor viii not detain him any Longer
Mr.. Shoup (Rep, Idaho opposed the unconditional
repeal Of the purchasing clause OF me sherman 1,.
legislation remaining in the United States ana its
repeal would work out completely the IDEAS OF tho
gold inonOmetallistS Of the country. us repeal
would lock the gates Of progress IN the faces Of
the people. The country needed and demanded
more currency, and that necessity would increase
year by year There not. he contcndcd, any
danger of an ovcrproduction Of silver There Was
goldman there had been 100 years ago. The
United states should not be compelled to place loans
outside OF its territory. and In order that IL
should not be 80 compelled. the Government should
objected TO allowing England TO dictate 10 the
United States on the monetary question The
not the nations which were compelled TO come 10
doors for what they needed and what they
to remove the Unitcd States from the head OF the
na n, which ,rodgc ed me precious metals 1t
tent that the Government would be compelled 10
issue fat money; it would be to set back the
progress of the Western States and ruin thousands
OF workingmen He was In favor Of the free
70 change the ratio. he believed would be to
the farmer the relief for which he had long
Mr. Doph Nep, OreJ said that on the second
day OF the extra session upon hearing the Prcsi-
dents message. he had dissented from the claim
law was the cause Of the depression Of business and
finance in the country. He had further said at
Sherman act that necessity had been brought about
BY ne aSdT OF the in S GS Go press ana the
peal Of the act. during the last Republican Ad-
Administration Of the responsibility lie CMr
DolpD had attributed he disturbance in the coun-
tive policy The current of events had confirmed
hun IN the impression that the sherman act had
had little 10 do With the business depression and
he would undertake to show that financial con
aS wa o T h ss haye v Gten The
the party to reversal OF the protective system.
was OF the precise chara Of every disaster which
had followed an attempt to adopt tar!T for
M. Mr. Dolph then proceeded to argue against the
those Senator's from the silver States Who had at
TEMPTED to MAKE THIS question sectional one II
erned in his action on such important measure
as the pending bill by sectional influence. he was
unworthy Of a seat in this Chamber All our in
dustries were so intmat ey connected that one |
could not be struck down without all being IN |
industry. 1t not just TO charge the support |
ers Of the Wilson bill with being the enemies !
opposed free silver were not hostile to silver They |
opposed free coinage because they believed that il
and would give the United States a depreciated
currency and taking it Gnt Of The class OF prom
Every one agreed that the prosperity Of the coun-
gold and silver But there were points of dis !
agreement The men who opposed the free coinage
OF silver did so because they believed that such |
coinage was mpracticabe. lie did not believe that |
with the free coinage Of silver the United States |
cold concurrent circulation gold and |
silver increase the price Of silver In the world
II absurd TO claim this It would be to |
say that the United States could make wheat |
worth dollar a bushel by Offering to pay dollar |
for bushel. The United States could not ignore |
the action OF the great commercial nations In re- |
gard to silver
Mr. Teller Gep., Col) said that the Senator |
begged the question. The pending question was |
not question of free coinage II a question
whether the United States having adopted a sys |
TEN Of silver coinage should now abandon IT, He |
would tomorrow. he said. speak briefly on this |
question.
The Senate then, at 40 ION motion OF Mr.. Voor- |
heesj. went into executive session. and when the
doors were opened at 5lj adjourned