New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-07

and that was that It's repeal necessary safe
and fOr the day) sufficient step toward free bmeallic
coinage.
Silver is the only prccmarkng. payment making
money metal possessed by three-Ourths Of all man
kind Its free coinage has ceased The
annual increment from all mines to the silver stock
from all past ages is less than per cent The out
put continuing great, the percentage falls as the
mass grows.
There is talk inundaton from silver Of other
countries, especially ASIA If the people there had
10 payments to make. had other money metal
to make payments with, If there could be- profit 10
the nundatOr. before parity profit after parity.
do indeed think the Silver state Senators have
made TOO little for their sakeS, OF that theory
OF money which the world 10 event without
precedent in history, the cessation o free bimetalc
coinage, ana TO the immense disccrnmcni and genius
of Cernusch who also gave the word "bimctalsm'
to our language and every solid argument 10 our
great cause. For my part, shall have nothing
say that subject which have not learned from
his pamphlets. unless it is error OF my own. But II
tie money metal state Senators are open to some
criticism there, how much more We some Of us,
from the commodity states who should have better
learned our affected interests at the best source.
The interest of Ncw-lOrk in the gold and silver
question Identical with the interest OF every
other State; but the real community Of interest be-
tween the money metal States aud every other State
was likewise undenabc. Silver purchases. h. said,
could never prove their protested object. 1t
clear that silver purchases the polar opposite
OF free silver coinage. But they were worse t.ian
opposltes. They effective contraries TO free hi
metallic COMA ge-wheher they were minted not.
What earthly relation, he asked. had the purchase
of silver TO its parity with gold. what earthly rea-
ton had the purchase of gold TO its parity with silver
Four years ago the Treasury had $2lS.OOO. 900 in
gold &; now that has dwindled TO 500, 100000
revival of the Bland-Allison act would keep up the
shrnkage. The sherman law undermining the
power of the Treasury, If not TO continue the dis
charge OF the National debt, at least 10 meet the
parity obligations OF the Government. and was OPP
Grating an enormous shrinkage in the business of the
country and In its total circulating medium Blgh.
of enterprise. the dread OF financial disaster. and con-
seauent shrinkage, had caused the export OF gold
What other part OF American currency. he asked
had been exported? Everything had been done dur
ing the last nineteen years except the old ana only
coupling Of the two metals by free coinage. When
free bmetallic coinage ceased in 1875 parity ceased
and the gold half OF the worlds money became dis
| located from the silver half. When this coupling
would be renewed their stable parity would be re-
| newed. Nothing could establish parity except
free bimetallic coinage-that which had created ana
maintained their parity In the past lie should prefer
that solution OF the question TO any entanehns AM
ance by means OF an international arrangement
Pcope did not half realize the overwhelming power
of the United States. BY means OF free, bimetalnc
coinage the United States had been able 10 CONFER
upon all nations the boundless dement's 81 the eoid
of California and by means Of 1t again the 'hiled
states would be enabled TO confer upon all nations the
unbounded benefits of the silver and gold OF COLORADO
| Nevada Utah. New-Mexico and Arizona. The time
for conference past; the time ior ihdcPehuen.
| action had come Tie repeal OF the sherman law
was. in his opinion, the only action needed TO test
and fulfil the endeavor TO reach free bielac e T
age by the route of an international agreement. Ina,
was the point on which all his remarks were meant
By the repeal Of the sherman snca @w d ls
| evitabe. Other European nations might take their
time, but not so Great Britain The cnea o,rsei
danger Of a on the Treasury gold . A.. .n.o,
ne democratic party was pledged 70 i've me repen 70
its pledges. lie knew that there would he some, some
of silver miners might be disturbed
would have TO be paid In closing ms spee ras ~,
made to him, he desired 10 have the bill made a
special order for some day that might SUIT 'he 'o'
Mr.. Hoar--Let the Hi be taken mp first.
Mr. Vest gave notice If an ninsnGmes PrS Ss
minted In the several mint OF the United S' nG All al
provided in the Act Of 1877. which COM Inu and nd
neness, shall be legal tender for all debts public
and private except where otherwise II, .
of the Treasury TO purchase from time TO time silver o
bullion less than 100000 nor more an soTT
coo ounces month"; ana cause IL 10 pe come" mummy
MIR. Morrill, said that he had listened at,en' ,rcS
York. but hsa failed 10 discover whether i,, ne
was for bimeialism on the present ratio OF silver
| Mr. Gtewsrt-I object 10 discussion.
MIR Morgan demanded the regular order OF pnsi-
mass and the Vice President decided that the regular
order Of business was the motion OF Mr. Hill 10 '''hc
up the BILL -, ,,.,oo and roruau,entarv
| rranrNnc The question brought TO a direct vote
on Mr. FINS motion take up the bill 10 repea'
| me sherman act ana the motion was dcicated-yeas
-, nays 81 -, ,. T., ,o,,u.
veas-Messrs Brlce. Gallery, Davis Dawes. Dixon'
rou,kner FRYE Ganger Gibson. German Hale, HawIey
nm Hoar Mcpherson Mills Morrill,, Palmer Proctor,
sherman Vest Villas and White-23
y.v,Messrs Bate Berry, Blackburn, Blodeett Call,
Carey Cock1en, Coke, Culom, Daniel. Doiph' DUBOIS
roton George Gordon, Hansbrough Harris, Hnhoh'
INV Jones Of Nevada Kyle. McMiln, Manderson'
Mitch4,l Morgan Pasco PETER. Perkins, Pegiew fatt
pover puqb Ransom, ShOup. Squire, Stewart, Stock
hr,d,e Teller Tupie, Vance Voorhees, and Wocatt-12'
The following pairs wore announced:
Messrs Allison and stanford, Camden and Paddock,
.,a,ich and Walthal, Gray and Butler, Higgins ana
Sanders Hiscock and Jones. oil ArEnsss' quay @u
Wilson, Sawyer and Cameron.
Senator Chandler voted in the affirmative Tor
gc,tinr TINT he was paired with Mr.. Aleu- VI Wash
ipg,on and withdrew his vote