The times. [volume] (Richmond, Va.) 1890-1903, 1893-08-15

II was was on account OF God Almighty
putting New York where ne had put IT, The
chamber OF commerce Of New York
(wnich had been alluded to) was not COM
posed of bankers. II was composed OF
, business men. who stood in relation 10
the banks as they did to the business
men Of the West and OF the South The
business men Of New York were borrowers
of the banks, not lenders 10 them. On
the present prosperity Of the country de-
pended their possibility OF pros
pcrty. Knowing the fun sense OF
thcir repsonsibnlity knowing that
their own existence hung on the
balance the business men of Kew York
asked Congress to repeal the act provid-
ing for the purchase OF silver. de would
first vote for the repeal 0f the purchase
clause OF the Sherman act. and next he
would vote for the coinage Of gold ana
silver on parity. But these metals
must be OF the same Intrinsic value. II
there ever was a pledge made by any
party. this Democratic pledge was sacred
and plain When silver men came and
asked Congress 10 inaueurate a new and
hopeless scheme. which had already
damned the business Of the country, he
must object. Whenever an international
agreement was arrived at, he was ready
10 try the experiment. He would try TO
SliAk lalo fhllf iN AiAAiN ctA- A"tiVf NAAN NNt'
vicNOns of his party. Then he would
have indicated his right 20 be called an
| honest man. But II would be a long time
| before New York congressman would sup
port an experiment which had failed as
long as this one had. But there was
plank in the platform which represented
| the issue and that was the tariff plank.
(Applause) The people had asked not
| only for the repeal OF the sherman act
| but for n safe and elastic currency.
Mr.. Hutchinson Oem., Texas made a
humorous speech I'm favor OF the coinage
of silver: but, before he concluded, the
House, at o o'clock, adjourned
The sonate.
Less than half IT'S members were pres
crt when the Senate met at noon, out the
galleries were fun.
Last Thursdays journal and the chap
lairo prayer were short.
The House Joint resolution for the ap-
propriate commcmOration Of the nun
dredth anniversary of the laying Of the
cornerstone Of the Capitol Of the United
States on September 49, 1893, was received
from the House. lail before the Se11te
and passed.
There were numerous petitions present.
| cd and referred for the repeal Of the pur-
chasing clause Of the She-man law some
quite as many against the repeal. several
for the freer use Of silver as legal tender
in the United States, and for the appoint
ment Of q commission TO consider an ade-
quate plan Of currency. and some for the
free coinage OF silver at the ratio Of IL
TO l.
Mr. Voorhees,. chairman Of the commit
tee on finance. introduced and had re-
fcrred 20 that committee a bill 20 pro-
vide for the issue of circulating notes OF
national banks. 1t provides for the issue
10 national banks Of notes TO the amount
Of the par value OF the bonds deposited
or 70 be deposited by them. The bin is
accompanied by q letter from the Secre-
tary Of the Treasury approving OF its
provisions and stating that If IL were
law the bank note circulation Ton the
bonds already deposited could be incre1s-
ed by nineteen million dollars.
The McGarrahan claim again made its
appearance In the form Of bin to refer
the claim TO the court Of private land
claims. which was introduced by Mr..
Teller Rep, Col.D and referred to the
judiciary Committee.
Mr.. Vest introduced n bill for the coin
axe Of silver bullion i'm the Treasury
saying that 10 had been sent 10 him from
New York, and that it met his partial
approval 1t provides that (after setting
aside In coin and bullion as a reserve
such amount of the silver bullion pur-
chased under the act OF July, 1880. as
shall equal at the coinage value the
aggregate sum Of the Treasury notes
authorized by that acD all the remain
der of such bullion shall be deemed
available for the issue Of silver certih-
Gates. such remainder or surplus bullion
shall be coined into standard silver dol
lars and such dollars shall be used for
the redemption Of silver certificates. as
now required by law; provided that this
shall not be deemed TO alter or amend
any provision Of the act Of July, 1890
The second section provides that ma
tional banking associations shall be en-
titled TO receive circulating notes 10 the
value, at par, of United States bonds on
deposit, not, however, TO exceed the
amount Of capital stock actually paid I'm.
The bin was read and referred TO the
finance committee.
Mr.. Hin (N. W offered a resolution de-
claring il 10 be the sense Of the Senate
that no legislation other than legislation
pertaining to the finances shall be con
siaered at the present extraordinary ses-
sion Of Congress. lie asked that the reso-
luton lie on the table for the present.
Mr. Vest called mp the resolution Of
fered by him last Tuesday. i'm the words:
Resolved. That the American people,
from tradition and interest favor bi-
metalism and the free and unlimited
coinage of both gold and silver without
discriminating against either metal; that
it is also the established policy OF the
United States TO maintain the parity of
the two metals, so that the dcbt-paying
and purchasing power Of every dollar
shall be at all times equal. that it Is
the duty of Congress 60 speedily enact
such laws as will efectuate and maintain
these objects"
Before leginning his speech in support
Of the resolution Mr. Vest had read the
declaration in the Republican and Demo
cratic platforms on the subject Of silver.
I'm order 20 show that both parties were
praC tically agreed on that question. He
said that II was time for the people Of the
United safes TO know whether politics
were a iugge and a fraud or whether the
solemn declarations Of parties were worthy
the confidence Of free people.
Taking up the Shcrn an act Mr. Vest |
spoke Of it as a houseless and homeless
legislative dog. with no one even 10 give
~ a bone and without being able to find |
a kennel in which 10 hide it's dishonored |
head. And nevcrthel ess he would vote |
against its repeal without guarantee as |
solemn as the great necessity Of the peo- |
pie that silver shall exist in the United |
States as a money metal He had been |
known as the firm and unshrinking friend |
OF the President of the United States |
and has i'm all his campaign speeches in |
Missouri declared Mr.. Cleveland 20 be |
like himself and that they |