The silver state. [volume] (Unionville, Nev.) 1870-1903, 1893-09-02
SENATOR VANCE SPEAKS.
Friends Of Repeal Denounced
for Inconsistency.
HISTORY OF DECENTRALIZATION.
The North Carolina Senator Says That
Repeal Without Substitute Will Be
the Death Blow of Silver as Money
1T Is Conspiracy of Money Lenders


WASHINGTON, Sept. 1.-The senate
took up the house bill to repeal the
silver purchase clause bf the Sherman
act, with the Voorhees, bill as SUBJ
stitute.
Vance of North Carolina ,one of the
minority members OF the finance
committee. spoke in opposition to the
bill ard in favor of free coinage. A
large part Of his speech was devoted
to showing the inconsistencies of the
friends of repeal. Their views are
distinctly partisan, as there were BIZ
metallic declarations in both national
platforms. He quoted from these,
commenting in an ironical strain on
the way in which the pledges are be-
ing fulfilled. He said they seemed to
think the only way to maintain par
ity between gold and silver was to
first strike silver a death blow. I'm
conditional repeal would be a death
blow for it was known that Cleveland
would veto any silver bill. The effect
on the condition on mankind follow
ing the destruction of half the cur
rency of the world, aggregating 81
5000, 900, would be impossible to
accurately describe. He gave his
tory of the demonetization of silver,
and declared that every government
which had demonetized the white
metal did so when it was at pre-
MUM. When coinage was stopped
in India an effort to have it stopped
in the United States began, aided by
the influence of the moneyed powers
of all the world and our own govern
ment. If coinage was stopped here
silver would cease to live throughout
the commercial world. The fall in
price would be greater than that fol-
lowing the stoppage OF coinage in
India. Repeal without a substitute
meant the end OF silver money for
the present generation, unless revo-
luton of the people should restore it.
Let no man doubt that repeal was the
result of conspiracy among the
moneylenders. He declared that the
Sherman law did not drive out gold.
Why did gold return with it still in
force? The Democratic platform de-
nounced the Sherman act as "a cow
ardly makeshift." This bill for its
repeal, striking silver harder blow,
was more cowardly and more of
makeshift. He closed with declara-
ton for free coinage of silver.
After discussion as to the relative
parliamentary status of the silver re-
peal bill and substitute unanimous
consent was asked for the adoption of
the substitute pro forma, ,and have all
amendments treated as amendments
to the substitute.
Cockrell objected on the ground
that the house bill was preferable to
the substitute.
The discussion is still progressing.
The senate committee on judiciary,
through Senator Teller, favorably re-
ported to the senate bill submitting
to the court of private land claims
the claim of William McGarrahan
to the Rancho Panoche Grande in
California.
HOUSE.
The house resumed the considera-
ton of the new rules today.
Boatner's amendment providing
for closure was rejected by vote of
131 to 96.
Grosvenor of Ohio offered an
amendment to prevent the banking
and currency committee from report
ing at any time bill to repeal the
tax on state bank circulation, but
soon withdrew it.
Springer's amendment to give clos