The record-union., 1893-08-16

been excused but as an escape from the
fiat money of the Bland bill, and from a
threat of absolute free coinage of silver.
The Republicans are told daily that it is
their duty to forget party and cooperate
with the President in renewing public
confidence and restoring a sound cur
rency. The Republicans will do this.
Now let the Democrats deal with them
in the same way. No candid advocate of
silver currency can affirm that the people
OF the United States have not gone to the
extreme limit of public safety in the
struggle TO maintain silver in connection
with gold as q monetary standard. 1--WE
have purchased it, coined it and given
it legal tender power beyond its
value for fifteen years." said Hoar.
During all this time it has been con-
stantly on the decline. Even India has
abandoned it. 1 look still for an inter-
national agreement, and if that shall come
the relation of the two metals to each
other will be carefully reconsidered. L
do not believe that policy of eternal
monometallism adopted in time of panic
would stand. 1t is enough for the present
occasion to say that there should be no
further coinage of silver except by unani-
nous consent Of the commercial nations.
Upon that policy, if we adopt it volun-
tarily, we can stand. If we decline to
adopt it voluntarily we shall be COM
PEELED to do it alike by loss Of trade and
the necessities OF all classes-chiefly,
however, the laboring men of the country,
yyhn
rency and steady credit"
At the close of Hoar's speech a discus
sion started as to the old question of the
responsibility for demonetization of sill
yer, and was carried on some time by
Stewart, Cockrell, Aldrich, Hoar and
Sherman.
The Senate then adjourned.
HOUSE PROCEEDINGS.
WASHINGTON, Aug. 15.-In the House
this morning Snodgrass [Democrat) Of
Tennessee made bitter assault on his
colleague, Patterson, on account Of the
position taken by that gentleman yester-
day against free coinage.
Blanchard spoke in favor of free coin
age, reviewing the silver legislation of
the past.
Grosvenor of Ohio made really the first
Republican protest against free coinage.
In the course of his remarks he said it
was to be regretted that the President in
his message had not been so void of par
tisanship as he asked Congress to be; that
he had seen fit to unjustly proclaim to
the people that the present peril of the
country grew ont of Republican legisla-
tlon. The Republicans, said Grosvenor,
could be relied upon to do their duty.
This was their country, and they could
not afford to put it in the hole.
After free coinage speech by Hall the
House adjourned.
HOLDS THE BALANCE OF POWER
WASHINGTON, Aug. 15.-Discussion in
the Senate Finance Committee over the
voorhees, bill increasing the national
banks circulation tends to show that the
committee is far removed from the com
mon ground on the question of general
legislation on the financial situation. and
the repeal of the purchasing clause of the
Sherman law in particular. The anti
silver men on the committee are: Sher-
man, Mcpherson, Morrill,, Allison and
Aldrich. The silver men are: Harris.
Vance, Vest, Jones of Arkansas and
Jones of Nevada, with Chairman Voor-
hees holding the balance of power. How
he will vote may decide the action of the
committee.