The farmers' union. (Memphis, Mo.) 1891-1895, 1893-09-21
WOLCOTT ON SILVER.
INCONSISTENCY OF THE GOLD
TIES SHOWN UP.
Petty SDOils and Patronage Responsible
for the Change Of Heart Sherman and
Voorhees,. y Spectacle to Make Both Gods
and Men Weep.
WOIrDtt's " Words.

Senator Wolcott lkep. Colora'lo} il!
his address to the Senate III opposition
to til. repeal bill, said iii part:
I, i, unfortunate that this financial panic:
l. i!iiacconpanied by tie widespread re
licio,!s revival which Invariably. It l. lad,
fD!!nv. panic,. the ready and complete
chan g Of fcnrt. however. OH The financial
que - ion which Ia, been Witnessed III t:'c
senate Chamber give, evidence thai thi> J,
time when men are t-ptrihliy open 10
convection. And /: the Administrator
with IL, petty spo!l- pnd pnirpnt@; ta-
bcti! able To make 81 many converts. what
might wc not hope WHEN III" assurances oi
futnIc happiness would b. nu for four
short yeats hu' for cicrnityt the m tnr-
tune under winch the silver men suffer l.
tina, The Administration conversion cam"
first. for il the hearts OF Senators h.d first
been i'm prcSSrd with the ltiIcn's- OF the
things of this world and thc =I"ry II 'hin-~
supernatural the people W to are IT. be the
sufferers would not have br.n deserted II
their representatives.
There arr. Il ,,uInb"r If Senators W .,
professin, to Dc hin.talIist- hold tint AN
International agreement j. :.cr"sSn:y.
Thereby they accept the single -"id policy
Of England. The iii nd, "l silver al" tnt
carried away by such ui'"iat"'"~ a. 'h"~"
Of senator Hill tn" Other day. VIA" J. ~"
for them il against tirit. anl Ms ~it"'i.
would have been logical if made A-atn>i
silver aud in favor of uHrondiI lollHl .1taI.
The senator knows mat IRE" coinage 10.
separate act j. in io-s!Ui. during I'll, Adj
iini-trai ion and that any assistance he de
sire must come now or n,."r ut all. S!i-
vrr has been compelled to- bear every
body burdens for many nl'nth> nnI u
seems now to br involved ia ~"'u' fashion
with the Democratic ia'tiuual difference in
New YORK;
Senator Wolcott next paid his re
strcts to Senator Voorhees, and said
that his change of front WIS one OF tine
most remarkable and ominous occur
enrts He attacked The Senator's
record on silver and ationai banks,
and sad that his past uttrranrts. as
shown by the record, were words
writ in water" He quoted from the
Senator's article last year in the Mort
American Review to SHOW his lack of
consistency, and asserted that now for
the first time he Voorhees,, supposed
t. represent the MASSES, and Sherman
supposed to represent the classes, We're
in complete accord in financial ma =
tiers The wolf was dwelling with the
lamb and the leopard was living down
with the kid. This harmony he feared
would not continue long, and when
they arose they would be fewer in MIN
br,. There could be but one Char
man Of the Finance Committees, he
said. and without undertaking the
abilities Of the Senator from Indiana
M looked forward to the resumption
of the control of tn. committee by tn.
Senator from Ohio, and recalled
plnraoh's dream of the lean kline. He
ndjurcu the Senator to remember
Soloinon'> a.lmonition, that it is bet
ter that thou shouldSt not vow than
that thou shoullst vow and not pay"
Referring to his av"c"cy of silver Sen
Htor WoicOtt continued:
NO man can be hiinetaili:,t in til"
sense that he believes In the further coin
u.e Of gold and silver by the United States
and advocate thi- bill. The President
would /. ,duuhtc.liy veto an ind.i'cndrn,
measure for til. free coinage OF silver. and
thcrc is not u Senator in this boIy VINO
does not believe th.-. Why no, act now u,l
the whole financial question. II l. @!ihly
said tina, We can further Legislation later.
We shall never know any more ahou, silver
than we know now. ANA Congress is i'll >t>-
sion to zeal with the subject.
II This act shall pass aud silver he, II
must. absolutely lethroncd and de-raucd,
| know Of no reason why any Senator who
believes III free coinage should ever east
another vote In favor ui protection in any
FORM. ms i an era I'll experiment; iti
Us experiment all around. Even ii il j.
true that our abandonment Of sii\t: viii
in lime compel other nations To lis t~c. ttlr
step would he riitnutl> and unnecessary.
We can absorb all the silver offered fu,
cOnag, without Initiation OF the currency
and without imp"i"iu- oar financial credit
NJ home or Abroad. Tins il :. baHkcr~'
panic and If you ask n banker to-day low
repeal i, to RESTORE confidence ht cannot
tell you. The drNo>l,pr~ who Grew out
some Sl>00u0.0no did not complain ~ the
fact. ana none OF ihclu drew cat hi. ilty he
cause o! the existence Of that law. II
seems unactonntahlc iGat in such times
banks should not desire Hn Increased vol
utIe # the money. Their plan i. how
ever. after repeal 10 ask for the issue Of
ln0hn0.0Uo Of gold houd~. and they hav,
good reason To- believe that Il ,oupia eat
Finance Committee WIZ authorize >ti1'u
bill. Wnilr waiting. clearinghouse rrrti-
irate>. based on irOi>couuteu paper. fur
ui~he- IN excellent substitute Tor money.
No more remarkable statement has ever
been made than that 10y VI. Gn"latu.
when. with hatcd breath. he urged the
Senate not iu in!u:u4 itself e: the facts
with regard t. the condition az :hr bauk>.
but I" let the trnpi ruIlHr alone.
a Western point ~ view i nut - ruucu
value these days ou Wall street. bu, vcu-
ture To >uSS,s to tho bile iuanrter> u
that attractive hu, expensive LEGALITY THAT
il they will look II a r3ap Of these United
States aud ihsrryc that they cover :. bread
eNpiu>t' * country aud contain many nru-
pie with many views. AMI viii - modify
their opinions A. not IL hciit>" that every
man WAC ,.itfrfe,. with them re- u,4,riu.
financial matters mus be esther :. VIII IAN
or a ,'raiih. We viii :hc scorer arrive =:
that condition. Of mutual Confidence ana
regard which ought 10 obtain between ct
ileu> ~ tile same country.
Mr.. Wolcott then went or to con-
trosert the arguments that there Is an
overnroductiou of silver IN the world
much less than lis present market
price as commodity. and that ,3lcl! a
return Of free coinage AZ Il ratio ~
sixteen To one the prr~n;lt pr".st;c:
will be largely increas. d. He cited !.
number ot figures and taking NJ par
ticularly the case of Leauv.lie cited
l. ~ IS .,r.,s,-l /.