The record-union., 1893-04-27


water.
The Chairman of the Committee on
Resolutions introduced resolutions on
transportation rates and the Nicaragua
Canal
Resolutions were then passed as fol-
lows:
ResoLUed, That the speedy construction
OF the Nicaragua Canal is most i'm
portant to the maritime, commercial, in
dustrial and political interests of this
country, and that every reasonable en-
deavor should be made by the United
States to obtain from Nicaragua an abso-
lutte title to sufficient territory to con-
struct such canal, the same to be con-
structed and owned by the United States.
ReSOtUed, That it is the sense of the
congress that the law regulating COM
merce between the States should be SO
amended as to insure to the people of
every State and section equitable freight
and passenger rates, and that a tribunal
be created or designated where the ques-
ton between the people and the trans
portatlon lines may be speedily adjusted.
The following resolutions on silver
coinage were introduced:
ReSoLUed, That we demand that the
Congress of the United States shall inn
mediately reopen the mints of our coun-
try to the free and unlimited coinage of
both silver and gold on equal terms, at
the present ratio of I6 to l, and that the
Government use the coins of both metals
without discrimination.
ReSOtUed, That we are unutterably op-
posed to the repeal of what is known as
the Sherman Silver Purchasing Act.
until it is replaced with law providing
for such free and unlimited coinage.
Colonel Irish of California wanted to
know why silver and gold were selected
instead of other metals, and why a ratio
of to l6 was mentioned.
G. G. Goodwin of the Salt Lake Tribune
was called out, and said that the ratio of
10 to was insisted on because that ratio
existed when silver was demonetized.
Governor Waite of Colorado rejoiced TO
see the silver question becoming of inter-
est to men of all parties.
j. A. Leet of Denver and A. c. Fisk of
Denver spoke. the former against the
resolution.
Holman of Oregon, in his remarks,
turned on the Democrats and Republi-
cans alike for their inconsistency. He re-
ferred especially to an orator who had
been sent into Oregon to work for Cleve-
land, and when he got through Oregon
gave 1900 instead of 1900 Republican
majority.
lrish-I suppose am the emissary re-
ferred to. was not sent into Oregon. 1
went of my own accord, and paid my
own expenses. But 1 must say that 1 did
overestimate the intelligence of the peo-
pie of Oregon. [Applause.l
Holman said: "His efforts were not in
vain. He converted me. Applause
But l do not represent the average in
telligence of Oregon. [Applause.l We
are called wild and woolly West. We
are wild because we know no master.
We are woolly because our hearts are
warmed up on this subject. We will vet
win."
Judge Van Waggener of Sioux City,
Iowa, declared that the agricultural inter
ests OF Iowa had sustained greater loss
through the demonetization of silver than
had the mining interests of the Western
States. He was in favor of the free coin
age of silver, the product of the world.
Whitmore of Missouri challenged the
statement made by several speakers that
silver had been demonetized by trick;
that Congress in 1873 had demonetized
silver against its will, and he had been
twenty years in finding out that the trick
was too great tax on his credulity.
Bray of Montana said in 1873 silver was
demonetized because it was becoming too
valuable to coin, and the demand is made
that because it is now SO cheap that it be
remonetiZed.
The resolutions will be voted on to-
morrow, and every intimation is that
they will pass as presented.
EVENING SESSION.
Colonel John p. Irish of California was
the first speaker in The evening. He
spoke for one hour on the subject of sill
yer. He prefaced his remarks by saying
that no man ever had enough money.
I'VE have resolution before us which
does not ask, but demands the free coin
age of the silver of the world. 1t is
claimed that foreign silver will not come
here to be coined. Then why give an in
vitation to an unwilling guest? The
silver dollar was practically unknown in
the mints of the United States for nearly
thirty years before 1873. Long before sill
yer was legally demonetized, 1t had been
practically obsolete for third of CEN
tury. Only eight millions of silver were
coined in the first eighty-four years
of this country's history, not enough
for the babies to cut their teeth on. 1t is
not true that there is an intimate relation
between silver, cotton and wheat. Why
is it that so often when wheat is high
cotton is low, and vice versa? The free
coinage of silver in the past was of such a
small amount thatit did not affect finances
materially. Therefore. free coinage now
is an experiment. You cannot look to
the past. You are trying an untread
path. If silver shall prevail we will part
company with the civilized nations of
the world and sink to the level of the
silver-using nations of Asia. The most
dangerous enemy of free government is
the demagogue. He is the enemy of
mankind, the foe of freedom and traitor
to free government"
Senator Stewart opened his speech at
8 o'clock and closed a few moments after
IL P. NJ. He reviewed the history of
money from the earliest day, and de-
clared the value was governed by the
Limitation of quantity and the desire to
have. From thence he traced the history
of money, gold and silver, to 1873; re-
viewed the history of the demonetiza-
ton, and how it was done. He called it
a crime and fraud on the people, and
gotten through with a trick, and then ex-
planned the BloduS 0peraRdi.
On his close storm of applause greeted
him.
ON THE TURF.
RnSInlfs XAsrnr.dn1-ss Al.