The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-09-05

dium- whether gold, silver or paper. Of
equal value: 50 do |. The people are
more interested in knowing their money
Is al good and will continue so than they
are 70 know Of what material is is made.
do not believe that il We discontinue the
purchase OF silver bullion now it will be
long before some more satisfactory plan
Ior It's use wiz be devised As long as the
act remains on the statute books we will
surely come no nearer free coinage than
We are now. The American people do not
desire policy toward silver, either
by continuing the purchase Of bullion
OF oy the adoption of free coinage.
Which viii result in driving all the god
OUT OF the country. making this silver
nation. This majority viii not. ought not
20 submit Repeal does not make gold the
Standard money OF the country. Ii Is the
unit OF value now Ii was made SO by the
aet OF lss3. The United States alone can
not, IN my opinion. maintain free coinage
Of SILVER unless ~e are willing 10 become
silver nation and drive gold out What
Ne want Is an international agreement
securing the use of both metals and free
coinage on an agreed ratio. and if We re-
peal the act of 1880 and stop the purchase
OF silver l believe We will get IL The
policy OF paling up silver bullion is not
wise siatesmanship. and in little time il
VIII surely be stopped. The United States
sAsASs A1Skit . AhA48Gl1i HptlEt WHICH Viii
90 even justice between al classes, all
geographical divisions; between debtors
and creditors. between employers and en-
ployees. 1t should be borne in mind that
universal bankruptcy, which Tor some time
has threatened the country, is as fatal to
the creditor classes as to the debtor There
has been much said in this debate about
the attitude OF the two great parties as
announced IN their platforms. In my ac-
IL n nj cd hg arr 1FNnl
platform. | shall act as my Judgment
dictates is best. | will vote for repeal be-
cause II may help TO restore confidence,
even though the act did not have much
part in producing the lack OF it.
Proceeding. the speaker attributed the
present stringency to the attitude of the
party in power on the currency and tariff.
aud closed with an appeal for speedy ac-
ticn.
Mitchell of Oregon interrupted Cullom
and asked whether, if the Sherman act
was repealed. there was any provision by
which silver would be coined. Culiom re-
piled. not to his knowledge. Mitchell
asked what was to become OF the I4o. .0do.- ;
600 or i50,0O eco ounces of silver in the
treasury. Cullom replied that he supposed
the party in power would devise proper
and wise measures to meet the situation.
Aldrich said the repeal did not affect the
power of the department to coin bullion
for redemption OF treasury notes.
Coke tDem. of Texas obtained the floor
at the conclusion of Culiom's remarks.
He said in part: THE settlement of the
money problem can only be brought about
by the establishment of bi-metallic cur
rency rs il existed prior TO 1873. The peo-
pie will never be content until the wrong
of 1878, by which one half the money of
the country was stamped out in order to
double the purchasing power of the other
hall, has been undone and reversed. II q
single gold standard should be established
In America the RothschiIds and the Bank
of England, with their New York associ-
ates. will become the arbiiers of American
finance. the dictators of our financial poll
icies. because they control the gold which
the United States would have to have.
The abandonment OF silver by the United
States would be its death knell as money,
except in . subordinate way for subsidiary
coinage. We have no HOPES" he said, ''of
an international agreement. The United
States must depend upon itself il bi-met-
allism is expected"
When Coke concluded his speech the
senate went into executive session To con-
slider the nominations of certain officers
whose confirmation Berry, Dem. of Arr
kansas, said was essential to carry into
effect the presidents proclamation open
ing the Cherokee strip on September i6.
: At $50 the senate resumed its legisia-
tive session, and PETERS amendment TO
the repeal bill, providing for free coinage,
being the pending question. was read, pre-
paratory TO PETERS addressing the senate.
Jones, Rep, moved that the senate adj
journ. On yeas and nays, 10 TO 80, the
motion was defeated. PETER resumed the
floor in advocacy of his amendment.
PETER said the admistration was not pro-
posing TO discuss the philosophy of finance.
They come to congress with q demand for
the repeal Of the Sherman law, and they
suggest no policy which will admit of the
usual compromises in legislative proceed
ings. II is this or nothing. So far as con-
cerned the people he represented, they SC
cepted the challenge in the spirit In
which it was given. They proposed 70
give no quarter, the people proposed 10
give none. He called attention to the fact
that a very large majority OF the farmers
in the South were members of the Farm
crs' Alliance, and one of the cardinal doc
trines of the alliance Is the unlimited COIN
age of silver at the old ratio. The alliance
ali through the South had. he said. cate
chised ali candidates for Office upon the
cardinal tenets Of their creed. and they lad
supported no one for any important Office
whose stand was not in sympathy with
their views and who was not willing to
express himself.
palmer fDem.) OF Illinois wanted 70
know by what measure the senator from
Kansa. proposed 10 secure parity of the
two metals. PETER replied that he would
do so by re-enactment Of the Old law pro-
vidipg for coinage of silver at the ratio OF
Is to /.
Palmer-will that produce the result OF
equality in vaiue7
PETER said it would; that il always did
before. IL was time, he said, that The
partnership existing between the govern
men, of the United States and spectators
In Wall street was dissolved. The leaders
of the Democratic party were pursuing
urecisely the same course that the leaders
Of the Republican party did; and senators.
vo. ara ON the breakers. There is q bright,
younr. vigorous party upon the map oi
nolitics which is ready 20 strike hands
wilh men Of all parties TO make fight for
silver. The members OF that party care
rot whether il is called Populist. or Ma
,5enaI. or what il is called. bat there Ia
coming union al hearts and hands upon
ali sides Of this great question. and that
in the very near future. In Q lecture
whlch he had delivered in this city before
he had taken the oath OF Office as senator
he had predicted that both the great par.
ties would soon be under the leadership oi