Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1893-09-20

alone OF Ecid. but OF gold. silver and paper. \
general calling in OF loans on The
TART OF harkerS. a refusal not only
10 make new loans. but 10 extend oh
ones. vale general di-trust sciEcd upon
every financial community. These were
some OF the causes which. IN HIS Judgment Ia.
Il ated the panic. whose STORM center had
passed from south America. Australia aud Ger
1slA european countries and which 80 recently
spent is Jury IN the nitcd States and the
Sherman act had no more. In his iudg
meut 10 DO with 10 than had the man ia the
noon or the recent fan-tailcd comet The fear
OF tarin revision and Of the Inauguration 81 a
Tree trade policy had also had much 10
do with the panic The trouble was In A
large measure started by the bark. New
YORK bankers nudged the chamber u commerce
OF the city Of New York and the METROPOLITAN
press The chamber OF commerce. in turn gave
me cue 70 boards Of trade and chambers OF
commerce throughout the country. The howl
started IN perfect unison-an INSPIRED across
the seas-and nualiy the thing got away from
theu' proved boomerang. and the banks sur
Tered along with the rest Mr.. Mitchell devoted
some time 10 showing that Il would be impessi
Die 70 secure International bime tallism
Mr.. Hawley rep, Conn declared himself
Tor the pending bill FIRST last and alwayz
There was one gcneral statement which had
oeen iternted and reiterated until he was tired
OF H. and That was that there was somcbodv
who believed In the total destruction OF haif
OF TIE currency OF the world IL was a
terrible misstatemcnt Everybody knew
mat silver had been used these thou.
sands OF years with Eoid Erervbodv
knew that, although Great Britain was the
champion mouomeiaiiist nation the people Of
that country carried more silver money Ina their
pockets than the people OF ihe United States
ala All senators expected 20 continue the
average amount Of silver money In rspiv 10 n
question By Mr. Mitchell AIR Hawley SAID he
thought legislation in regard 10 silver neces
sary Ia order 20 carry out the views advanced
h. ID. NHH HaHHH
repealed
Mr. Teller rep. COLI said ne knew what
senators who talk about being bime taIlists
mean They have mover taken a single step
leadlng 10 uimeiallism. and they never viii
This isa hgnt for the preservation on silver
as money among the nations OF the earth and
there IS not a man in this chamber who does not
know IT, Follow Great Britain 70 YOU want 10
Ny allegiance 81 10 our own pcop.e-to the peo-
pie Of my section aud To the people of the
country ~ large / VIII devote my time TO
their interests. and no labor, no sacrifice no
eoniumely that can be- put upon me will
phase me IN my opposition 10 this damnable
Mr. Hawloy replied 10 Mr Teller nv saying
that " after two or three or four months "a
should aprcar that repeal % Tho sherman law
was going 90 dcsolaic the west ana the euat II
would DC quite competent Tor congress TO
modify its action, and 10 would he.vcry likely 20
do so
ON the iath Mr. Shoup rep. Idaho) spoke
against the unconditional repeal Of the
purchasing clause Of the sherman law
To repeal the Sherm an act would be 20 remove
the United States from the head OF the ma
lions which produced the precious metals: IA
would be 10 contract the currency 20 such an
extent that the government would be com
PEELED TO issue tat money; ~ would bc 10 set
back the progress OF the western states and
ruin thousands Of worSmcn He would op-
pose with all the vigor or which he was capa-
bic the repeal OF the sherman INV until sone
better substitute was adopted
Mr. Dolph (rea. Oro) reiterated some state
mcnts 20 the eject that the business disturb
Rnccs were due 10 the threats % hostile tariI
legislation. and proceeded 10 argue against the
Tree coinage OF silver ana vigorously criticised
those senators from the silver states who had
attempted 70 make this question sectional