Rocky Ford enterprise., 1893-09-07

| Al this poipt Of Ills speech Mr., Sherman
replied to and cleared away all the charges
i and aspersions made by senator's aud others
In connection with his so-cal!ed act demone-
| tzing silver In 1873, and he confessed to some
annoyance at the statement made the other
day BY Mr.. Voorhees, that the action OF those
who had managed the legislation had been
l stealthy and trencherous.
Mr.. Voorhees, declared that nothing could
| be farther from his purpose or his intention
than to say an unkind or dlsrespectful word
about the senator from Ohio. The senator
wns not IN his mind at all when he uttered
| those words, but as they were dlsagreeable or
offensive to him he expressed his regret ut
having uttered them and declared himself IN
capable OF atii!ctins nRront on nny gentle
man In the Senate or elsewhere.
Mr.. Sherman said that certninls he did not
desire to say anything, more OH the ,iiattcr,
ever the legislation ~ iS73 and denounced
| the MANNER In which Ernst Seyd, the English
economist, had been denounced in connec-
tion with the matter. seyd played no part in
" false that Scyt or anyone else paid S50i,-
900 to Congress TO secure the demonetizat ton
of silver. Seyd was a bi-mctallst, ms showed
by reference TO bis published books;
experts of the world; he occupied
an honorable position In London and an hon
ored one wherever he was known and he be-
iievcd him to have been an honest, sincere,
America until the bill was almost through
Congress and It was Infamous that tue charge
should be frequently made that public men
hnl been hribed Into passing the bill of 1878.
"1lcreafter," said Mr., Sherman, "whcn any
man makes such statement about this legis-
lntion, shall simply say That II Is il false
hood and brand ii So
There was nothing surreptltous about It."
said Mr.. Sherman, with much warmth, ''and
no fact can be proven more clearly. The
statement so often made to the contrary Is n
falsehood and lie;l care not by whom made.
He quoted from speeches made by Mr..
Stewart In the Senate In 1873 and 1874 these
words:
a want the standard gold and no paper
money that Is not redeemable in gold. By
this process we shall come to specific basis,
and when the laborer shall receive his dollar
It Will be OF the same purchasing power rs a
dollar. Gold is the universal standard of the
world. Everybody knows tbnio
The reading of these quotations showing
such n remarkable change of opinion on the
part OF Mr.. Stewart provoked general laugh-
ter at the expense OF that gentleman. who
looked somewhat bewildered, but only stroked
his long beard. Subsequently, however, he
promised to reply to Mr.. Sherman on Friday
next Mr.. Sherman followed up his advaii-
titge over tho Nevada senator by exhibiting u
newspaper published In that state one whole
side Of which was occupied with notices Of
assessments on Bilver mining stock all payable
J III United States gold coinage.
Then he came back to the subject OF his
speech and said: II do not think that the
stoppage of silver coinage was the end Of
silver. We have proven that the mere pur-
chase of silver by lis on n declining market
J is an improvident use Of the public money
and ought to be abandoned or at least stis-
J pended until q time may come when, by an
: International agreement Or by some provision
OF law. We may guard against the possibility
lOfn fnIrI IUErt Int La Hla IurI <,f ntrar
This Is not question of mere interest to Ne
vada or Colorado. 1t Is not II question of
what Wall street will do Wall street Will
always be doing come dcvilment or other, II
makes no difference who Is up or down. l
take that as matter Of course. The ques-
tion is, what should be done for the people Of
the United States In all its length and
breadth, and therefore II Congress will say
tinue the purchase of silver bullion there M
be no injustice done to Colorado or Nevada -
Recurring to the subject of authorizing the
! issue OF bonds, Mr.. Sherman said:
81 am willing to trust to your executive
officers. II you are not It is a strange atti-
tude In political affairs. ! would give them
power to protect the credit Of the government
against all enemies at home and abroad. II
the fight must be for the possession Of gold, /
would use our cotton and our corn and our
wheat. and would protect our credit against
all mankind. As 10 silver, would say tina:
we prefer to walt while until the skies nre
sion of silver coinage in India and sec what
arrangements can be made for another inter
national monetary conference. In the mean
time, let the United States stand on its
strength and credit. / think that soon all
these clouds will be dlssipated, and we may
go home to our friends with the conviction
that We have done good work for our coun-
try at large" [Applause.I
When he had concluded, the repeating bill
ION which he had spoken) was laid aside and
the national bank bill was taken up to allow
Mr.. Teller to finish the speech which he had
begun yesterday.
Mr.. Teller assumed from newspaper arti-
cles which he quoted) shat scheme had been
organized CARLY In the season in New York
for n purpose of creating financial panic thai
would compel m extra session-the repeal oi
the purchasing clause Of the Sherman act
He would not have anyone infer that the bak-
ers had intended to create the condition OF
> atfairs that now existed, but lie did believe
that they had intended to create distrust that
would compel the president TO call Congress
In extraordinary session and thus secure ac
and second on the question OF issuing large
amount of government bonds. But the panic
had got away from them. They had rather
overdone the business, and had frightened
the people more than they intended to do
Now they had nobody but themselves To
blame and they should not complain. He
attacked the national banks, declaring that as
banks OF issue they had been as great failures
nb Lney nau suOWH tHeIIlsclVes 10 DC as DhuksOl
deposit and banks OF exchange. 1t was the
prerogative OF the United States TO Issue its
own currency, and this was good time &c
reform its banking system. He would moi
by his vote put any more power into the
hands of the banks of the country. He
would not enable them any longer to paralyze
the business of the country, they were
doing to-day. He had fair opportunity tc
wipe them out, and he would wipe them out
rs quickly as he could. He was opposed to
the present system. He desired to withdraw
from the banks the privileges they now pos.
sessed.
AT the conclusion Of Mr.. Tellcr's speech
tho Senate went into executive session, and
4 when the doors were reopened adjourned.
il Thursday, August 31st.
i SENATE.--Mr. Voorhees, moved hat the SEN
ate proceed to the consideration of the House
bill to repeal the Sherman law. The motion
was agreed to. The bill WAS taken up and
Mr.. Wolcott addressed the Senate in opposi.
tion to 1t.
| AT the close of Mr. Wolcotts speech notice
was given by MIR. Mills that he would ask the
Senate next Wednesday to hear some remarks
on the repeal bill.
Then the floor was taken by Mr.. Gallery.
His maiden speech in the Senate was in favor
of the unconditional repeal Of the Sherman