The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-23
Mr.. PALMER AGREES WITH HIM.
The House Has ONLY Four Days Of De-
bate Before the Voting Begins.
Hoases-statisfics OF silver Purchase
Bullion Turns Desrer-Cleveland to
Return TO White House Next Week.

ator Voorhees, made = great speech, iuSti-
flying mis- position in vetlag for the nncon-
ditional repeal of the Sherman act. Nearly
oae-third Of the entire membership OF the
house gathered IN the rear seats and the
galleries above were packed to snfiocstion.
The speech of Senator Voorhees, was one
OF his greatest efforts, and while the SEN
ator did not abate one iot his past BIZ
metallic record, the burden of his argu-
ment was directed 10 proving that the re-
peal oi the Sherman act was the PROPOSE
tion which. as q necessity. could have no
material effect on the merits of bi-mesaI-
lism as public policy.
Alien gave notice of an amendment be
would offer 10 the Voorhees, bill. liz pro-
poses to add to the repeating clause OF that
bill a provision that hereafter standard
silver shall be coined into dollars. halves.
quarters and dimes at the present ratio of
Is TO /, under tie same conditions as to,
mintage and other charges enforced I'M
relation to the coinage rof gold. and that
the secretary OF the treasury shall, with
out unnecessary delay. cause all silver
bullion owned by the government 10 be
coined into standard silver dollars, to be
legal tender.
VOORHEES, then took the floor and ad-
dressed the senate in advocacy of the bill
reported by him disseminating the par
chase of silver bullion. He explained the
action of the president in convening the
extra session as owing TO lost confidence
i'm the financial world. This loss of con-
6dence, he said. was not in the credit of
the government. which was better today
than that OF any other ON the globe. He
ko Al ,ef~ fr~ e. 4
to crafty the demand of capitalists for
the issue of $3.50. COO 600 more bonds. He
summarized the elements of the nations
financial strength within its own borders,
and regretted that legislation had checked
our foreign trade and had left us today
without commercial friend in the world.
He said the giant evil which crippled the
commerce of the country would be re-
moved with other evils which challenged
attention and action. If the true great
ness of the country Was studied il would
be seen that financial panies and alarms
have no foundation here. There was an
other exceedingly powerful test of the
governments credit. Money was simply
medium for the exchange of values
Money was the creaturs of congress, Its
creator. Gold and its alleged intrinsic
value went for naught as circulating
medium unless the coin bore the stamp of
the government The same official stamp
on silver or paper at once enables them to
become of the same equality with gold in
purchasing power, no matter how debased
or vaiueiess the material may have become
as commodities by sinister or unwise leg
islation. There were nine different cur
renoies used in the transaction of business
in this country which were uniform in
purchasing and debt-paying power. so as
to make them interchangeable Never but
once had these currencies been discredited
by the government, and that will never
happen again. Ii WAS the duty of the
government to furnish sound. reliable,
constitutional money for the people. We
are now confronted BY a law without a
precedent or parallel in American history,
law which had resulted in financial panic
and alarm aud distress, aud for whose re-
peal congress had been convened. He
characterized il as compromise born in
an evil hour. the worst and darkest that
ever befeil the cause Of bimetallIsm or the
honor and existence of silver money. He
characterized il IS Republican measure
to induce the producers OF silver to surren-
der their rights TO free coinage. Its crea-
tors now stood ready to leave their vic
tins Of misplaced confidence with empty
hands, without the privilege OF coming
their silver or selling it as a mer-
camille commodity TO the govern
ment. Silver degraded to com modify
could no longer hold its plsce with gold
as part OF the specie basis of this coun-
try, and 1t was nov reeiing, staggering un-
der the oiow until It's enemies predicted
with Joy ITS speedy destruction. He con-
graduated the Democracy that not sim
gle Democratic vote had been cast in favor
OF the act. As a hi-metaliist he voted
against the passage Of the Sherman act.
and for the same reason be would now
vote for its repeal. lie avowed his un.
SHAKING faith that silver would remain
forever one of the worlds great aud po-
tent factors of finance. commerce and
traffic in daily business transactions.
IL would neither be demonetizsd nor driven
away from the hahitations of the greater
masses OF mankind. The question might
be asked whether votes should be given
for unconditional repeal of the Law before
substitute has been agreed upon. lie
vas in favor of eraiicating this confessed
evil from the body Of our laws with no
other condition than his right and tree
ability 10 support and secure ia connec-
ton win its repeal or afteFward by indie
pendent measures sound financial svs-
tsm embracing the coinage OF silver on an
equality With god, which had been the
declaration of the Chicago Democratic
pl stIorm.
VOORHEES, defended the president from
charge of insinceriiy In connection with
the silver plank Of the party. He said the
president had never recalled, retraetei or
explained q single word Of his letter Of ac-
ceptance. which Was JUST as binding as
when first given TO the world. He was
willing 70 stake his faith on the truth and
honor of Grover Cleveland and his well-
known fidelity 20 pledges once made. He
paid high tribute 10 Secretary Carlisle,
and said. God help the Democratic
party If we are 10 turn orr hacks on such
men as the president and his secretary"
he spoke Of The ratio ss . matter Of detail
which congress would accomplish on fair
basis. lie said the people would not toi-
crate q ssag.e gold STANDARD, and thsn ad-
dressed himself 20 dsnanciation of the
selhshaess and greet Of ths money poser,
which had done 10 mach 20 aggravats the
hnaRcia. situation, ard spoke in favor OF
the present pension system as helpful IN
the distribution Of money. and urged the
necessity OF shs government providing .
nes circulating medium In place Of that
furnished 81 presens ~ tie national