The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-10-03
THE GRAY MATTER
OF OUR SENATORS.
Dubois Says He Does not Seek
Delay.
MUCH TALK, LITTLE DONE.
Kyle Rid;cules the Idea That Free
Coinage Means Flood.
In the House Dennison and Ray Have a
Lively Tilt Over the Federal
Elections Bill-Wilson and
Clarke Spar.

! WASHINGTON, Oct. 2.-The Senate was
called to order this morning at the usual
hour, but had to wait for quorum. 1t
then proceeded with the routine morning
| business.
Sherman called attention to the mis-
statement in a recent speech of Senator
White, of California, in quoting from the
Bankers Magazine of August, 1873, as to
the coinage act of 1873. There was no
such statement in the Bankers Magazine.
He said the whole statement was manu-
featured lie from beginning to end. 1t
was worse than forgery, an absolute fab
rication branded with the brand of in
fanny. He did not blame the senator from
California; because the alleged article
from the Magazine had frequently been
quoted by others.
White, Democrab) of California, said
he had taken the extract from a work
written by very prominent Republican,
and had not himself examined the Bank
er's Magazine. If the extract was not
correct he would omit it from the later
edition OF his speech.
The silver purchase repeal bill was then
taken up. Dubois, (Republican) of
Idaho, rising to make a personal state
ment,. called attention to the remark OF
Gorham (Maryland) that the resolution
introduced by Dubois to defer considera-
ton OF financial legislation until the SEN
aJorial vacancies from the states of Wash
lngton, Montana and Wyoming had been
filled, was offered for the purpose of con-
Stunning time. Dubois denied that this
was his motive. He had introduced the
resolution in the interest of the three
states referred to, and justified the intro
duction OF the resolution by precedent
which occurred some years ago.
Washburn. (Republican) of Minnesota.
supposed the object of the resolution was
to show that the opponents of repeal were
not being taken at an unfair advantage
He would therefore state the facts
and allow the Senate to reach its own
conclusion. OF the three states in cues
ton, two were not silver producing states
and these two states were represented
IN the Senate by two senators who ia
vored repeal OF the Sherman law.
In response to a question of Wolcott,
Republican, of Colorado, Washb burn said
he referred to the states of Washington
and Wyoming.
81 would like the senator from Mime
sota,' said Dubois. s'to state by whose
authority he makes that assertion
By authority of the senator's them
selves, replied Washburn.
81 imagine those senators will resent
that imputation," said Dubois.
81 state that the senators from Wash
ington (Squires) and Wyoming Carey
are not for unconditional repeal of the |
Sherman law. The senator from Wash
lngton has offered an amendment in the |
interest of silver. The senator from
Washington (squires) told me-" Wash
burn declared, that he would vote for |
unconditional repeal of the purchasing
clause of the Sherman act.''
This closed the incident, and KYLE. /
(PopulisD3 of South Dakota, addressed |
the Senate in opposition to the repeal bill, |
Kyle ridiculed the idea that with free
coinage the United States would be
flooded with silver. On the contrary, it
was doubtful whether the future weld of
silver would be large enough to furnish |
the necessary increase of currency.
Mcmillan, OF Michigan, then addressed
the Senate in favor OF repeal, internation-
al bemetallism being out Of the question
for the present. He said this country
should use all the silver possible without
departing from the gold standard. Gold
should be held primarily for use in paving
foreign balances, and to this end plan
of international gold currency based on
the actual deposits of gold in the sub
treasury at New York and national banks
and other countries should be adopted.
certificates OF deposit to be transferable
by telegraph and balances to be paid
the international clearing house
In discussing money as basis of credits
he showed the national banks were in the
habit of reducing their reserve far below
the safety point, and favored law abso-
lutely prohibiting national banks from
paying or receiving interests on deposits.
He also favored a convertible bond plan
of exchanging bonds for currency in order
to obtain ready money in times of a crisis
or panic.
The House bill to extend time for COM
pleting the work of the eleventh census
passed.
Consideration of the repeal bill was re-
sumed and Dolph, OF Oregon, took the
floor to give his views as to the real cause
Of the business and financial trouble.
which he said was the fear of hostile
tariff legislation. In the course of his-l
Dolph said if the Minneapolis
platform had been believed to mean free
coinage the Republican party would have
been dead and buried and damned beyond
the hope of resurrection II
ssAny worse than it is now?'' asked I
Teller, and Dolph ignored the question in
she general laughter which followed
After an executive session the Senate !
adjourned.
TWO LIVELY SPATS. t