The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-29

the Senators in the majority would make
He feared that i'm a little while the people
would find that. by the repeal of the pur-
chasing clause of the Sherman act. the root
of the evil had not been removes. The Sec
rotary of the Treasury probably would not
fina 1t necessary to use the power TO sell
bonds for more than S50OOO,0o0.
MIR. GoRMAN'S REMARKS.
Mr.. German followed AIr. Sherman. Com
menting on Mr.. Sherman's speech, he said:
81 am surprised that he should bring in
party questions and attempt to take party
advantage of delays or mistakes if there
have been mistakes. now, in the clos
ing hours of this great struggle. that that
distinguished leader should tell us and tell
the G. Try that the measure itself will
be impvtent that it eliminates silver or its
further use for the moment.
Mr. Sherman spoke strongly in favor
of the use of silver to the largest possible
Mr.. Gorman-If have misunderstood the
Senator all on this side OF the chamber
standing him-that the passage of the act
would not give the relief TO sh ou country
misrepresent the Senator?
Mr.. sherrnan-I said it might not meet
the expectations of the people people, tha noel
tion Of the Democratic party IL the begin
ming of this controversy it was that we
pledge ourselves TO the repeal of the Sher-
A Senator-Not part Of it.
Mr.. Gorman-No, sir; the whole law.
do not think | am mistaken when / say
that the distinguished Senator from ONO
(Mr. Sherman), in a speech or an interview
in his own State denounced the repeal OF
the entire Sherman law, and stated that he
would favor the repeal OF the Purc flaitag
States anxious and earnest in his desire
for it's repeal knew that he had not the
power in his own party or with ms own
party to repeal any portion OF that law
division sharp
party would have the power to deal with
this question and secure the repeal, and ne
the Senator from Ohio (AIr. ShernaaD
And then, when Congress met, with the
teiligent man in the Union that this party
was hopelessly divided upon the question,
as your party is hopelessly divided. 1t may
be said, with truth, that large majority
of the Democrats were against the
unconditional repeal even OF the the
1t was known that you had thirteen to fif,
teen Republicans opposed to unconditional
repeal. 1t is believed, and L think 1T Is
fact easily proven, and plain to everybody,
that a clear majority of all the Senators
elected were not in favor Of unconditional
repeal, but wanted some modification. ThoSe
of us who intended TO vote for its final pas
sage believed that we were in the minority,
and the delay of weeks became necessary
that we might convert enough TO our side
| to pass the bill. When the debate became
| sharp a doubt was expressed as TO the
| power of the Senate to pass the bill. / do
| not mean the power to reach a vote, but
| the power to pass unconditional repeal by
| a majority. In the very midst OF the hSht:
| in the hottest part of it, the first note OF
warning that we had publicly uttered came
| from the Senator from Ohio the Senator
| who led for more than one-half or the re-
peal clamor, that it was Impossible 10 pass
| it, Mr.. German here read from an inter
| view with Senator Sherman published IN the
| Cincinnati Enquirer, Oct ., 1888, IN when
he was quoted saying he dld not DeheVe
the Law, would be repealed.
| 81 tses sire to add only this, said Senator
h,IfA tl1a
| passed but for the abortive attempt 10 com
| promise, which, falling through, lett noth-
| ing to do but to pass IT. r. However 'ha'
| is a matter between ourselves. -.fo
| SCORED BY GORMAN. 10
| Mr.. Gorman-Oct. is the date of this in
| terview. The Senator from Ohio knew per-
| fectiy, as every other man in the country
| knew. that he was laying down condi-
| ton to the Democratic party TO unite. He
| knew that ii was impossible as ii was to
| 1y. unless il meant an extension of the
| purchase of silver to some future period.
| He knew another thing: That with the diff
| ference of views upon this financial ques-
| ton between the East and West, the
| North and the South, it was impossible to
| pass what we call in the Eastern States
sound financial bill with bonds, unless we
| had your cooperation and the cooperation
of those on that side, VINO thousht WIN
| u.s. and when you placed the conditions
upon the Democratic party, as YOU had the
power TO do, holding the key OF the situa-
| ton with your twenty-five or twenty-sX
votes, You forced into position to
| take measure that would not be satisfac-
| tory to the people for whom the Senator
| from Ohio speaks and for whom speak.
| Sharp as was the division upon party
| measures on this side, there not a
Democrat who not impressed with the
desire to harmonic the party, TO sustain
| the only Democratic administration we
have had, to sacrifice opinion, 10 set aside
| their convictions Of life and unite in doing
something which would relieve the bust.
| ness stress and save the administration
| They tried to get together They tried TO
| do what was right. There were many of
them, and 1 share that conviction. who
thought that Ii was extraordinary, unusual
and unfortunate to strike down summarily
and without an hours warning, any great
interest that had been built up and made
| possible by laws, no matter how vicious
and bad the laws themselves were. Their
| deliberations could not have been carried
| TO a contamination, with the bends of which
the Senator from Ohio speaks. L do not
complain of him for making any sugges-
| ton as to bonds, except as to the time and
manner or doing it, for i, from the begin
| ming, not of this Congress, but
| of the last, under Barrison's administra-
ION ION peneved mat with the extravaganza of
| the appropriations that had been made
| with the growth of expenditures for pen
| sions and otherwise that could not be
| eliminated, that there was not revenue and
current expens5s OF the government under
/ the present laws. If there had been less
4
| to consider a proposition that could prac-
/ ticaly have united this sde if we had had
response from the Senator from Ohio and
| those who aSsoca ted with him politically
we could have passed a bill repeating the
| purchasing clause of the Sherman law-and
! it is matter of consequence whether
| it took effect tomorrow or the next day
| and have strengthened the treasury, giving
the Secretary the power to 5000. 900, $50
] of gold. l not here to violate Il conf
| dence that has been given to me, but | can
| say with propriety that there is scarcely
| one of us who, in the very heat OF this
troverSy, has not been most anxious to
make a suggestion and look To better bill
| than the one now have That has
passed.
| SHERMAN STRIKES BACK.
Mr. Sherman-I am quite sure that IL our
! such proposition as the Senator now men,
| tioEs, authorizing the coinage of the So
| called seigniorage. and providing, also, for
| the maintenance of all forms of money at
| par with each other. and back of that the
| authority to sell $2O0,000.OOo of bonds, their
proposition would probably have been very
| agreeable to this side. But l understood
| our friends on the other side declined to
agree to any proposition which contained
authority to issue bonds. L think that was
| the general understanding this side.
Mr. Gorman-I would not. to relieve N.Y.
! self, or for any other purpose in the world,
violate the condolences or repeat conversa-
| tons that have occurred. but / have the
| right to say-that we have been most
fortunate if were not understood TO say
| no ha