The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1893-08-25
A FINANCIAL PARADISE
Voorhees, Pictures What His
Policy Would Bring.

WASHINGTON, Aug 23--Yesteriay ther
was gathered within the walls Of the zen
ate Chamber larger attendance of Sena
tors on the floor and of spectators in tn
| galleries than has been seen for many
| day. The occusion was the announcement
| that the Senate was to be addressed by Mr.
| voorhees,, chairman of the Finance com
mittee, in support Of the bill reported b.
, him discontinuing the purchase of silve
bullion
The speech began at 1925 and closed al
9 D. IN, and was listened TO from beginning
to end with close and eager attention
Both on the floor and in the gallerie. there
was but one attempt made to divert Mr.
VOORHEES, from the current Of his speech
but he declined, absolutely, to yield to any
interruption. There was also but on,
manifestation of approval from the CALLER.
les, and that was promptly suppressed, and
its repetition forbidden by the Vice Presi.
dent.
In conclusion Mr. voorhees, named the
following five essentials of sound cur
ency which, he believed, would follow
the adoption of the policy he advocated.
First-A sufficient volume of currency
at all times. State and national, on prac-
tically a specie basis, guaranteed also by
public honor with which to transact the
growing and expanding business develop
ments of the country.
Second The absolute denial and de-
struction Of all power III the hands of indi
viduals, corporations or syndicates to cause
fluctuations in amount of the different cur
rfias In Cip tlaftp bta dn,
les and business distress impossible for the
future.
Thrd-Every dollar In circulation,
whether gold OF silver, State bank paper
or United States notes, on strict parity
and interchangeable with every other dol
lar, thus securing to the people the bene-
fits and advantages Of both State currency
and a national currency, circulating in
harmony and uniformity, and performing
all the functions of money at home and
abroad
Fourth-The settlement of the vexed
question OF silver money at once and for
ever by authorizing it to form its portion
of the specie basis required by the Consti-
tuition for every chartered bank in the
Union; by recognizing it when defining the
powers of the States to make legal tender
money, thus making the use OF silver
coined into money as imperative as it will
be useful to the great body OF the people.
Fifth.-The total and complete over
throw Of the dangerous Capitalization of
the money power now existing at Few
money centers and in the hands of few
individuals by giving to the people of the
States the right Of home rule on the sub
ject of money and thereby securing to them
reliable Notwithstanding home circulation.
To these five propositions Mr.. Voorhee
added that one more-a carefully adjusted
and graded income taxa most equitable
and upright measure, in providing govern
ment revenue and demanded by old-fash-
ioned eternal justice
The speech was followed by an argument
from Mr.. Dubois, (Rep. Idaho in opposi-
tion to the bill as measure TO establish
gold monometallism: and by one from Mr.
Palmer, dem. Ill. i'll support OF the bill,
and suggesting the difficulty if not inn
possibility of bi-metallism according to the
Chicago platform.
The last hour or two of the days session
passed in discussion of Mr. Cockrells
amendment to the bill for the increase OF
national bank circulation, but no action
was taken upon it, aud at 5:l0 the Senate
nd iovrne1