Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-08-22
No Addresses lhe Senate for the
Repeal Measure.
EXPLAINING HIS POSITION.


tho bhelnAn bcts ht tAlitluNu |
tl action Of the President In conven.
d. the extra session owing TO the Lost |
confidence In the financial world. This !
Ias, Of confidence, no said was not In |
,he credit Of the government, which |
was better iodny than that Of any |
other country on tue globe. Hepraisud |
the administration for tho relusal TO |
uutiiy the demand Oi tbs capitnlists !
ior the laiue OF three hundred million |
more bonds. lie summarized the elt- |
ment Of the nations financial strength |
within It's own bordrrs aud regretted |
that legislation had checlgek our foreign |
trade aud had left us today without q
COMMERCIAL friend In the world. |
ile had faith that tho giant evil |
which crippled the commerce q
the country would he removed with
other evila which challenged attention
and action. II the true greatness OF
thc country was otudied II would be
fcon that the financial panics and
alarms could have no foundation here.
There was another exceedingly pow
priul test Of the governments credit.
Money was simply medium for tK-
chnuge Of vnluee; money was crea.
ture, Congress To- creator. Gold and
its alleged intrinsic value went for
uuught us n circulation medium, uu.
lees the coin bore the stamp Of the
government. The came official stamp
ON silver or on paper at once ennobles
theu aud gives them the same quality
o. gold In purchasing powebno matter
how debased or valuele8s the material
may have become as commodities by
sinister or unviso legislation.
DIFFERENT KINDS or MONEY.
There were niue different cuuencles
uspd In transaoting business IN this
country when should DO 30 uniform In
purchasing and deut paying power as
10 make them interchangeable. Never
tut once had these curTeucies been
uiscredited by the government ana
that would never happen again. IL
was tho duty OF the government TO
furnish eounu, reliable, constitutional
money for the people. We are now
confronted by law without precedent
parallel In American history; law
which had resulted In financial panic,
alarm aud distress aud Tor whose
appeal Congress had boon convened.
Hu characterized IL NJ comprlmiso
born IN an evil hour, tho worst |
aud darkest that ever befell the |
cause Ut bimctallisin or the honor |
and existence OF silver money. lie |
characterized II as Republican |
measure TO iniuce producers Of silver |
10 surrender their right, to Tree coin. |
age. Its creators now stood ready 10 |
leave their victims oil misplaced conf. |
deuce empty handed, without the |
privilege OF coming thelr silver or soil. |
iug IL a. n mercantile commodity 10 the |
government Silver degraded TO IA |
commodity could no longer hold its |
place with gold IA part OF the specie /
basis OF this country, aud II was now
fetllng, staggering under thu blow |
until It's enemies predicted with Joy ita |
speedy destruction. He congratulated |
democracy that not n single Demo- |
cratic vote had been east IN favor OF |
the act As a bimetallist he voted /
ugninst the passage Oi the Sherman |
act ana iof the same reason would now |
vote for its repeal.
FAITH IN SILVER.
He Avowod his unshalSlng faith that |
silver would remain forever one Of the |
worlds great ami potent factors OF tho |
finance, commerce and traffic In the |
daily business transactions. IL wOulI |
neither be- demOnetized nor driven |
away from tho habllatiOns Of the great |
masses Of mankind.
The question had been asked |
whether votes would be given for the ]
unconditional repeal OF tue law before |
substitute hau been agreed upon. lie |
was In favor OF eradiuating this con-
leased evil from the body OF our laws |
win no other condition than his right |
aad ttoe agency TO support aud secure
IN connection with lls repeal after
-
financial system, embracing the coin
age OF silver on an equality with gold,
which had been the declaration VI the
chicago Democratic platform,
MI. VOORHEES, defended the Presi.
dent from the charge u insinoerity In
connection with the silver plank OF ths
party, He said the President had
lever recalled, Tetractod or explained
single word OF his letter VI accept
hnce, which was Just na binding as
"hon hfst given 10 the world. He
was willing to stake his faith in the
ruth and honor ul Grover Cleveland
aud his well known fidelity 10 pledges
When once made. He paid a high |
tribute to Secretary Carlisle and said
God help the Democratic party, II We
ute u turn our backs ON such men as
.ht President and his secretary OF the
NNgnufysH
He spoke OF the ratio as a matter
ol uetnil which Congress would Os,aO.
nan on \ fair basis. He said the people
would not tolerate single gold stand.
brl. Then he addressed himself TO the
announcement OF the aeltiHhness anu
greed " the money power which had
zone 10 much 10 aggmvate the hnan-
cal situation, and spoke IA iayor OF the
present pension system a. helpful in
lhe distribution OF money; urged the
NtotHslty OF tho government providing |
anew circulating medium IN the place
mat furnished a, present by the ma
uonal banks. lie favored, m addition
wlho money Issued by the govern
uoui, a currency properly guarded and
'husu by the state banks.
FINANCIAL LEGISLATION PROPOSED
lie urged the necessity OF financial
legislation,
l.. Which would furnish n sufficient
volume OF currency on practically q
speele basis guaranteed by public