The sun., 1893-10-29
rAE sun. SUNDAY, OIYOBEk 2g, 1888.


Mr. Teiier IRep.. Col.l-If there IL a den-
for I the 70 ADDRESS
uTGr sherman-That has been zee, done already.
tary OF the Treasury for staten mt as to the
deficiency. and It has been laid before the
Mr.. Teller Cannot the. President in the
exercise. OF the powers given him under the
% Of hs oanry ns Ss
MIR, sherman -Undoubtedly he can. But all
questions OF finance are dealt with directly
between Congress and the Secretary Of the
Treasury.
Mr.. sHERdAN's PROPOSITION.
After further discussion. Mr.. Sherman sent
which he had drawn. but which he did not
Offer. IT proposes that to enable the Secretary
the forms OF money coined or issued by the
United States and 10 strengthen and maintain
ss S, II Tie ae In
time to time issue coupon or regist cred bonds
ofthe United states in Denominations OF $50
and its mutipleB mot exceeding 500 U0U, ,OUOL,
rodeetnnble Ia coin after three years from date
:. Mr., Sherman went on to say that the fact of
TO tho amount Of sSouto6 to m mantsiD ANITA I1s pnr
ity would settle the question Of parity. Some
such provision as that which had been read
was undoubtedly necessary: and he trusted
some such provision. He feared very much
81 Of sns
the people, would find out that that act had
hsy ns ss woaS
look to the Sennte for having provided an
inefficient measure--a measure which would
RsnJ The q the sss 0.s Mss
armed WITH =, hs he nowsr he rrGp0sed It w9ud
iiity millions OF. bonds Ills proposition he
added. was that the Secretary OF the Treasury
bo authorized to issue S2OO. tOO, 900 three per
pap rpn q nd fhaf fhav
shall be- sold not through the agency OF bank
ers or syndca.es; but through the Post Offices
sion o: sympathy for the Senators and people
Of the silrer.producinG States, but he believed
would bo for the hest interests OF the whole
country. 1t would be for the best interests OF
the nsope Of all rsfsss and conditions I, ie
silver-gold as the real sta ndard. and silver to
be used as fully az possible without the do
monetiZation OF gold.
GoRMAN REPLIES TO SHERMAN.
Mr.. German Dem. Md said that he could not
help noticing the, very remarkable attitude OF
the distinguished Senator from Ohio. who was
the chamber, That Senator'S anxiety Tor the
repeal OF the Sherman act was. he said. per-
wS to hs b sse
as a nnn-partisan measure. And yet that SEN
ator now attempted TO take party advantage OF
any. that had attended the course Of the bill
That distinguished Senator tells the Senate
aTe will viii be se impotent: that It eiiminates the
further use OF silver as money.
MI; Mr. sherman.l nan did not say word to that
favor o. silver money as long as 1t does not de-
Mr.. Gornan-If I have misunderstood the
Senator from Ohio. MI tho senators near mo
seem to have misunderstood him also, The
wsd sad ha ho os to
Mr.. sherman said that it would not meet
hn N n,,f tinp n fha onp1n
passed the Treasury will not be in a condition
the finances in a healthy condition. and that !
the only relief is in the issuing of bonds. not |
pny or fe ts w" OF mi he parity
ot paying the ordinary expenses OF the Gov
Mr. Sherman-w Will the Senator allow me to
ask him how he proposes to meet tho def-
ciency In the revenue?
,erstand the position OF the Democratic party
h hat wo pledged ourselves to the repeal Of the
M Mr.; viHorhees lin an understandable pur-
newspaper that breathed the Democratic
hsd member Of the
sTs rspea R tse take ris thar st
'ther Senators. like myself, were in favor of
whole Of IT, And 1 do not think i. am mis-
aken when say that the distinguished Senn-
denounced the repea! Of the M entire m h Sherman G
NV. stating that he wo1ld favor the repeal OF
ne purchasing clause alone.
'rofesses to do.
ACCUSES SHERMAN OF DELAYING REPEAL
Mr.. German -nes: that is what the bill pro-
esses to Do. The President Of the United
tateS. anxious as he WAS for its repeal was
90 a-tute u statesman. when he knew that he
ad not the power in his own party or with his
ecause the division is so sharp among both
hrtios that neither has the power to deal
,Ith the question efleetuGlly. was compelled to
'hio. That senator held the key Of the posi-.
on: You addressing Mr.. Sherman dictated
ogntry. Then. Mr; President; ms ConGtess
tors elected as Democrnts-o only one half Of
his body and with the perfect knowledge on
he part OF every Intelligent man that this
8 your party is hopclessly divided. 1t may ho
aid in truth. that large majority OF Demo,
sreal even OF the purchasing clause OF tie
herman NJ act, and twas as well known that you
pposed to it. 1t % was believed and oi state It
> n fact perfectly plain to everybody--that a
ear majority OF this body was not in favor OF
%e fMPeP MP s wanta have
cen made OF delay in this mater. ! am
in, Justice to. those who fought for tho
ill.that those Of us who intended to vote for
$ final passage believed that we were in the {
!nority. and the delay for weeks became !
scessary 80 that We might convert enough
en- to our side to pass the bill. The Senator {
ON Ohio WAS too astute a man to try toen- /
rec Its early consideration in this body The !
ct WAS that we Were not ready for its con- +
deration. But. as time went on. and the de- I
'ts became sharp Ut has been n great debate.
I'd tho annals OF Congress will not show one
,usl to IT, Lo doabt was expressed as to the
IT mean the power to reach a vote. but the d
,wer to pass an unconditional repeal (
u. In the very midst OF the fight. in the hot j.
st OF 1t, when Senators on both sides were /
string that something might be done to re- :
we the great distress in commercial affairs. 3
. first note OF warning that we lad publicly h
regard to 1t came from the Senator from [
MO. from the Senator who led more than half I
the repeal column-Saying thar it was im- (
'ssible to passit Here Is an interview pub =
he'd in the Cincinnati EHqursr OF Oct. >. (
H3. in which tho Senator Is represented as I
ating. frankly and directly. that the bill a
oud not pass: that tho Republican Senators 3
are passive. while the Democrats were en- b
avori ng to arrange compromise which the q
publican Senators were solidly against. n
MIR. Shcrman-The reporter represented me I,