The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-08-23
While Advocating Unconditional Repeal Of the
Silyer-Purchase Act He Favored Free Coin
age a3d All Kinds Of Fiat Money.
State Banks Should Be Allowed 10 Issue
Currency as They Please, He Said,
But Until the Tax Is Removed He Would Per-
nit National Banks TO increase Circulation
Cleveland and Carlisle ApOlheOsizsd.
SENATOR Voorhees, SPEECH.

Special 10 the lndEAnapOus journal
WAsHINGToN. Aug. Ex-senator Voorhees,
delivered his silver speech to-day. 1t was
not only an argument for free silver. but
free gold. free greenbaoks. and, above all,
free State bank circulation. The Senator
disappointed his friends and the advocates
of the unconditional repeal of the silver
purchasing law by advocating almost
everything which has ever ranged itself
In the line of imitation and the nat
craze. The Senator declared that it was
the stamp of the governments that made
money. the credit of Uncle Sam. and it
could be given to silver or paper as well as
to gold. He favored more money of all
kinds.
The inhibition tax should be removed
from State bank circulation, he said. and
these institutions should be allowed TO cir.
culate as much money as they wished.
Silver should be coined free. He would
vote for the repeal of the present silver
purchasing law because it was not q free.
coinage act. He was willing to trust Grover
Cleveland and John g. Carlisle. after our
present silver law was wiped away. foI
something better in that direction.
The trouble with Mr.. Voorhees, speech
seemed to be that 10 was too scattering:
it covered too many thinRs 1t declared
for everything untried and condemned all
things which have been tried. Ii It had
stuck to the text for unconditional repeal.
it would have been effective. 1t pleased
neither the free silver men nor those 10
favor of unconditional repeal. but il
showed the Indiana Senator had changed
mono of his principles, except where he de-
clared ho would be willing 20 trust Presi-
dent who Is q well-pledged anti-silver
man Ito provide for the use Of silver"
This was regarded as inconsistent with
other portions of his speech.
The galleries of the Senate were crowd
ed. and every seat of the floor occup pied.
Senator Voorhees, was given q magnlhcent
audience. His speech was written. but 1t
was we'll committed and was delivered IN
the eloquent Hooslers best style. Ever
since the chairman of the Senate finance
committee voted for the report of the re-
pealing bill the free coinage people have
felt the blow severely and they were out
Sycamore of the Wabash" explain his pres
ent position. Nearly one-third the entire
mem mbership of the House was
gathered in the rear seats and aIsles to
listen to the Senator's argument. CHAIR
man Bland, of the House committee on
coinage, occupied a seat just to the left and
nearly facing Senator Voorhees,. and gazed
ruefully at him during the entire course OF
his speech. Probably not since the days
when Ingslls's magnetic eioquence drew
such crowds to the Senate side of the Capi.
tol that the galleries would not sccommo-
date those rho wished to listen TO his ora
tory has such an assem- blage gathered In
the seats reserved for the public in the
Senate chamber as that Of to-day. Not o
seat renamed unoccupied when Mr.. Voor-
hees took the floor and all along the walls
were men and women standing
When Mr.. Voorhees, arose there was .
through the galleries which quickly sub
sided until the chamber was perfectly
quiet The Senator spoke In strong. clear
voice. which was perfectly audible. and.
throughout the speech. he was accorded
the strictest attention. lie had not been
speaking more than o quarter of an hour
when he noticed Mr.. Stewart rise, as If to
put question. or TO interpose a remark.
and he prevented that by stating that he
declined in advance to yield to any inter-
to the Chair for protection in his right
to the floor. You will have plenty
of chances at me-" he said; ad:
dressing the Nevada Senator II will
answer all questions. / hope will have q
little peace to-day for about an hour" He
then resumed the delivery Of his speech.
but had not made much further progress
by an outburst of applause In the galleries.
following an encomium on President Cleve-
land. This breach of the proprieties OF the
place and occasion was checked by Woe
President Stevenson. who Threatened to
have the galleries cleared If the offense
should be repeated.
Senator voorhees's Speech.
Senator Voorhees, said that. while the
calm. unbiased opinion OF q great majority
of the American people. irrespective Of psr.
ties. had justified the action Of the Presi-
dent in convening the extra session. the
causes for the action were widely and dan.
gerously misunderstood. and by certain
classes purposely misreprescnted. There
fore he deemed fitting few words in ex-
PLANTATION. spoken In no spirit OF strife or
controversy. For five months had gone up
the voice of the prophet Of financial evil,
from the great money centers had ema.
and resulting in panic. No one believed
there was want of confidence in the gov.
ernment credit or in the stability of Its our
rency. notwithstanding the empty treas
ury left by the last administration and tho
record of q billion dollar Congress The
American credit was better to-day than
that of any other country on the globe. and
even cowsrdly capital seized upon our
bonds with swift greed. Investors or caps
ital com planned that the administra tion
had refused TO Issue at least $500. 600. 900
moro bonds This additional Indebtedness
increasing tho burdens of American labor
would be hailed with the keenest delight
and swept with avidity into unpatriotic
vaults by the very parties who most loudly
declaimed against the governments credit.
There were many reasons why our credits
should be strong ger now than ever before: 10
rested on the absolute unity of purpose OF
the American people that it should be mp.
held. No one but q political madman
could deem o political contest In this coun-
try ever again possible on lines of sections nj
animosity. The public credit of every
European government was INCREASINGLY
threatened by shadows of coming ware;
financial resources there were constantly
weakened by vast standing armies and
permanent navies but throughout the
wide earth there were none TO molest rs or
make MS afraid of war or rumors OF war.
Alone. as it were. the colossus of the West
ern hemisphere. and towering n 70 IN isolat.
ed power and glory our limitless resources
are sometimes overlooked IN summarizing
the elements Of our financial strength.
OUR INTERNAL COMMERCE..
The interstate commerce of the United
States alone exceeded in value the entire
foreign commerce ana carrying trade OF
Great Britain. Germany. France. Austria.
Holland. Russia and Belgium put together.
DeveIopment of fnterual resourcoa AZ