The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-10-10
M'PHHRSON ON SILVER.
His Address to the Senate
on Behalf of the Re-
peal Bill.
PRESIDENT CLEVELAND COMMENDED
He Did His Duty. and 1t Remains
for the Democratic Senators
to Uphold Him.
PRESIDENT CLEVELAND COMMENDED

WASHINGTON, Oct. 10. 1898. the
Senate today the Silver Purchase Repeal
bill was taken mp and Mr. Mcpherson
of New Jersey addressed the Senate in
support of It. He denied the assertion
made By the opponents OF the bill that
the Sherman law had nothing TO do with
the business troubles of thu country,
and, on the contrary. declared it as his
heliet-a belief shared. he said. by two.
thirds of the people Of the United States
who bad any opinion on the subject
that the Sherman law was the main
cause. the true cause.
Altar a resume of the Bland Allison
act and the Sherman act, and of the dis
asirous consequences which had followed
such legislation, Mr.. Mcpherson con-
tinued:-
THE VOICE OF THE PEOPLE.
"Win Congress heed the voice of the
people and stop the influx of silver, or
will it not? This is the plain, simple
question. 1t needs no debate here.
Congress was called together in
extraordinary session on the
Ttn day of August. and yet
this deliberative body speaks not "yes" or
suffering people stand pleading at the
doors. Debate. debate goes oa. Labor,
which short time ago was happy aud
contented. having steady employment
aud abundant reward, is today trampinR
and seeking bread from door TO door.
the victims of the vicious laws which
this Senate enacted, and which with
stroke of the pen it can blot from the
stttute books forever. How long must
trade lanruish, workshops remain closed
and laborsrs starve, while the work of
obstruction goes on in this Senate to the
only measure which can restore conf
oence. Words, words, nothing but
words, is the answer we give to the fisrcs
demand of the people for speedy repeal
After careful review of all the
amendments thus far presented, find
that nothing but surrender is offered to
the friends of repeal. ANY increase in
temporary or pressing urgen-
cy. is contrary to democratic
principles and professions. Any
proposition. under existing cond-
tions, which involves the continued issue
OF silver currency, payable in gold by
the Government. even though said issue
be reduced Ia quantity, only serves to
perpetuate the vicious system. which we
hope 10 abandon.
SILVER BULLION SHOULD BE COINED.
The nifty millions of silver bullion iu
the Treasury. over and above the nomfn al
value of the Treasury notes, should be
coiued as an asset to meet contingent
liabilities. To do this will require the
utmost capacity of our mints for at
Least year to come, and will increase by
nifty millions or more the volume
of our currency in silver coin
The most earnest and ardent advocates
of silver will therefore fail 60 find Ia the
proposition here presented any outlawry
of silver. for the present, st least. We
hHve listened here and elsewhere to some
severe criticisms upon the President; not
80 much. say his critics, for
what he did say in his
late message to Congress. but for some
things left unsatd, which, by the terms
OF the platform. it was his pounden duty
to say. By the terms OF the platform it
was made the duty of tho President and
the Democratic Congress to repeal
The Sherman act. In obedience to
this injunction. the President had
exhausted ali his constitutional al
power In calling Congress to.
gether in extraordinary session and in
recommending its prompt repeal. In
what respect, then, has the President
proved recreant. either by act of omission
or commission, to any trust reposed IN
him by party or paoples The President
is entitled to all commentator. not only
for summoning Congress here, but for
what he said to Congress-