The times. [volume] (Richmond, Va.) 1890-1903, 1893-09-17

lUe parity IN Ndlue brLWfrh b!iN NV III
yer at the ratio Of Is TO !.
Mr.. Allison digressed from the course
OF his argument TO reply 10 questions
from different senators upon collateral
subjects. Returning 10 Il he said: /
want TO repeat my belief now. that all
history discloses the fact that when
you make even q small divergence be-
tween the Established ratio and the
true commercial ratio the result Is ms
astrous. I undertake TO say that ~ Is
utterly impossible for us 20 deal with this
question OF ratio at this time. The rauo
OF q to I would be an increase of ratio
because we have known the price OF
silver TO change by % per cent. In sin
gle day. The moment the tcuon OF
the Indian Council was known silver
went down 20 per cent. In the next week
Il went up Is per cent. How. then, can
we make q ratio that VIII measure the
value Of silver? The situation In IN
(iia has changed the situation here. We
gre trying now TO keep up the price OF
g thing that will 60 down below the
cost Of probation, whatever that may
be. A senator tells me that II Is below
II now ] have no doubt that II IS. But
what. 90 matter Of fact are we buy
ing the silver for7 We are buying II
for the people who consume (the world
Mexico. from Australia and from every
place where they produce IL. thereby
keeping UP their price as well as our
own. We are buying IL In the face OF
the fact that England has come now into
tho market "a an iactive competitor
With the producers in the selling OF Sill
yer.
After n further elaboration or this
point. Mr.. hAllison continued;
Therefore. believing as l do. am N
favor Of the repeal Of the purchasing
clauses Of the Sherman act ! nave no
more iiea that they can maintain the
gold standard in India than I have that
can fy from this chamber 70 my home
,,nder present conditions. But we help
them 10 do II. What we are doing now,
In the purchase of silver, VIII nave the
effect az may be but n straw OF helping
England 10 carry out her present Indian
noIicv. They have undertaken 20 sell
council rupees at one shilling and foor-
nence. That they cannot do OF, AT least
have not yet been able 10 do. But II we
help them TO hold up the price OF silver
bullion they can carry out their poilcy
aa respects india Therefore, II we con-
tinue these silver purchases we uphold
the British policy in india The Inevitable
effect Of what wa are doing here Is either
to Inhold or to destroy, or impair
the ability Of England TO maintain its
policy IN India II we cease TO purchase
silver Il will be impossible. in my opinion
for England 10 carry out that policy,
and f. will become an utter failure.
am ne sure Of that as I am thot / stand
here. In my opinion silver VIII be re-
established by the passage II this bih.
After n discussion of the brussels con-
ference. Mr. Allison said
rFrt1
nolicy Of an international agreement be
tween silver and gold. I believe that that
pollcy will be accomplished and mat
within a brief period. we viii be abe 70
restore the parity between the metals
and practically 10 rehabihtate silver
That is my belief. and that f. the solution
Of this question. IN the meantime we
have 10 drift along as best We can ana as
best we may
Mr.. Hill-"Would the passage OF the
rereal facilitate II, or would II hinder IT.
Mr.. Allson-"It IS only a matter Of
Judgment | may be night or ] nay be
rcl.q. Nv belief is that II we are 10
have an international agreement, we must
,~oka Il auDear to the nations ot the
world that we ourselves 10 not mean 70
take care of silver That Is the salient
point There are men in Eurore. OF me
higheet character men wh| read every
sptech made on this floor. and who gather
tneir orinions from our public documents
who believe that sooner or later the
Government of the United States VIII 20
IN free coinage. and thus relieve them
from their situation end relieTc US ot
our gold as we'll n n be known IN Eng
lond and the other nations. TO-DAY. to-
morrow or next day that we do not IN
tend alone 10 deal with this silver ques-
ton they will deal with ~ I'm agreement
and accordance vita US SO believing /
am in favor Of the bill"
Mr.. Allison spoke without notes ana
commanded the closest attention from
senators Of both political parties and
both sides Of the silver question. At the
conclusion Of his remarks, in accordance
with the order. the Senate proceeded 20
tho delivery Of eulogies upon the late
Senator Leland Stanford. OF California.
Messers White, Of California, Dolph.
PETER. Mitchell. Oregon: Daniel. Stewart.
Vest and Perkins. Of California, paid
tribute TO the memory Of the deceased,
Of whom they said it was not SO much
Stanford's public life. notable as IT was
that would keep his name before the
country. as II was MS private NJ
Through his benevolence his name would
90 down 10 postertty. His name would
be not only on the shores Of the racine
and I'm the canons OF the Sierras, Dut
throughout the civilized world when the
name Of every other man In this Senate
would have faded into oblivion. senator
Stanford had erected magnlnceht H-iu9o
leunn In a university, but his most eh-
during monument was that or MS soou
deeds and kindly words. II every human
befng TO whom he had done KINDNESS
would place a leaf upon his grave ne
would sleep tonight under a monument
OF foliage
The Senate then adjourned.
House Of Representatives.
The proceedings In the House to-day
we're a repetition OF the proceedings In
the House yesterday and OF the day. be
fore. with the single exception that the
session was shorter and lasted but forty
minutes. The tactics which the RepuD-
Ucans have adopted to keep out a report
on the Federal Election Repeal bill were
again resorted 10, and the Democrats
not having quorum, yielded to the IN
evitabIe and moved an adjournment
which was taken at l2D until Las Mon
day.
When the House met IL was apparent
that the Democrats intended merely 70
carry out their programme OF attemptihs
TO report the Federal Election Dill. InaI
the managers had come 20 the concur
sion that they could not secure q quorum
to-dav was manifested by the poor at
ts,,Iarce on the Democratic side.