The state republican. (Jefferson City, Mo.) 1871-1896, 1893-08-24


bn frzrHr srhxsK DEBArE. u
rhs Generni Drift Of Argument on the
Silver Question iu Congress ust"atea
from tho Daily s~peecb~ahing on the
subject.
in THE HOUSE.
WARRINGTON. Aug. e0.--Tho silver debate
was resumed yesterday after the reading OF the
Journal and Mr.. McCreary tdemu Ky) took
the floor in advocacy Of the repeal OF the pilf'
chasing clause OF the Sherman act. An extra.
ordinary financial situation, ne, said, had ~
duced the president TO convene The congress n
extra session. TbeF al agreed that the pres
ent trouble Was widespread, far.rcaching and
trl ~ patil TO the whole country. They agreed
hiso that 1t was their duty as representatives
to fnd n remedy. 1t might be that
the Sherman act, so.callcd, was the
prime cause OF the trouble. It might he that
the nuetuation OF silver In Europe, the shrink.
age OF values In mpny parts Of tho world, ibc
failure Of Barring Eros, lad heired u bring
About the serious monetary condition which
now existed. He bad voted against the pas.
sage OF tho sherman net That act had been q
colossal failure and n curse, The purchasing
s.ause OF the bill should be Immediately re-
pealed and Internationally. Let the free.
coinage bill stand on Its own merits. He was
not In favor of holding the Sherman act as a
hostage OF the free coinage Of silver. He @ts
heartily in favor of the wi's5r bill, Let the
purchasing clause 6e repealed. and then
other legislation would follow. The VIII.
Non bill did not demonctize silver or strike
out the double standard. He (Mr. McCreary)
was here as u friend OF silver and not as its
enemy. He was in favor OF international b.
metallism. He was In favor OF the repeal OF
the Sherman act because this action would be
the best that could be done 70 he'p on an inter.
national agreement. Thu United States could
not aHord 10 adopt a free.coinage policy now.
Ava Aplx ,,ask - fraA nt,ar a,.na kua,,- L..
ternationa, agreement, aud the only way to
reach Nat path was to repeal the purchasing
r'ause OF the sherman act. AS a biinetallist
he did not wish to see this country RELOCATED to
a silver basis.
Mr.. Bland inquired why the International
monetary conference had postponed its meet.
ing from May pu'l, November.
Mr.: McCreafy replied that 1t was postponed
20 otlow tho policy OF bimctallism to grow In
England. II had been postponed In the inter
est of bimetallism.
Mr.. Bland nsked whether the gentleman had
said that the meeting OF the conference had
been postponed for the purpose OF demonetiz,
ing silver in this country.
Mr.. McCrcury-I decline to yield to the gen.
tleman II he insists upon mlsrepresenting my
position.
Continuing his speech, Mr.. McCreary OK.
pressed his regret that the question ot a crangc
OF ratio between gold and r..Eef had been In.
jected into THE discussion. He had no sym.
pathy w'tt those who now desired to change
'Ac ratio from IS to 20-to-l. The first duty of
congress was to act without delay. Repeal the
purchasing clause OF the Sherman act, rte
second duty was to let free coinage alone for
the present. Its third duty was to stand by q
patriotic president In Ms efforts to advance the
prosperity ~ the people and the welfare OF the
hation.
vote for the unconditional repeal OF the pur.
chasing clause OF the Sherman net and he
would vote against any proposition, directly or
indirectly, looking to the free coinage RI stlSJf
in this country at this u,ho At auy ratio that
could be suggested. He had come To this de.
termination a(er careful consideration and
atIei careful study OF the Chicago platform.
II had been said that no democrat could vote
against free coinage. He was o democrat.
His democracy was as good as that of anyone
on this floor, and he would not allow any man
TO question it. lie was In favor OF the repeal
Of the purchasing clause OF the Sherman act,
because 1t would tend TO restore confidence.
He would go further ind say that II would re.
store confidence and unlock The money that
had been boarded up,
Mr., Livingston dem. Cal said there was 10
reason vhs men should not rise above partisan.
"Trip and discuss the disposition OF the pending
question as sensible men and patriots. He ia.
vored bimetallism, and the plain question now
presented was between a single gold standard
and himetallism. The Chicago platform had de-
hounced the sherman act as q "cowardly make
shift" A niakeshift for what? For q single
Enld standard; No. A makcshift for the free
coinage OF silver. The bill for the repeal OF
the purchasing clause OF the Sherman act did
not place the democratic party where the Chit
cago platform proposed to leave 1t. He
denied that the purchasing clause was
responsible for the present financial
trouble. Years ago the farmers had come
to congress asking for relief and they had
been greeted as calamity howlers." He had
then predicted to the present governor OF New
York that within two years the calamity
howiers' would come from another quarter.
Who was Ecw bowling for relief? The farm
cfs? They had ceased to re howlers.
The howl now came from the hanks and the
bankers. 1t was now proposed by placing the
United States on u single gold standard to put
this county into the hands OF u re.
silver and turn IL over to England.
The money men and the business men OF
England were getting shaky, and they said
now that this gold craze had taken deeper root
than they had expected. lie made the prcdic.
ton that II the purchasing clause OF the Sher.
man act were repealed the price OF products
In this country would not he increased. The
gentleman from Kentucky Mr.. McCrearyl had
spoken in favor OF an intcrnational monetary
conference. Why not have an interstate none
tary conference? He that provldeth not for
those Of his own household hath renowned the
faith and is worse than an infidcl."
He would hail with delight q proposition that
the governor, the secretary and treasurer OF
every state should he called together in Wash.
ington city, there to discuss what was good
for the United States. Congress- was now en-.
dea'oring to hitch the horse at the wrong end
OF the cart.
Mr., Richards tdcm.. o. believed that presi.
deaf Cleveland was right In attributing TO the
purchasing clause of the Sherman bill the pres.
ent depression.
The house then at 5 o'clock took q recess un.
til 6 o'clock
EVENING SESSION.
After the recess to q crowded gallery. but to
q very small attendance on the floor Mr.. Curtis
rep, kan.) spoke in support of the Wilson
hill, but in q conservative manner. He was in
favor OF n ratio OF 20 to /.
Mr., Brodcrick rep, KAN spoke in favor OF
himetallism and prosperity, which terms he
regarded as almost synonymous.
Mr.. Clark tdem., Mo- addressed the house in
favor of free coinage Of silver. To demonetize
or not to demonetize silver was the question
that confronted congress. There was no sense
In whipping the devil around the stump.
Laughter. The issue was squarely Joined.
After 5000 years of welded life the gold bugs
asked OF congress that the metals should be di.
vorced at the behest OF England, the bully OF
all nations. One hundred and seventeen years
ago this country had declared its political in
dependence, and some gentlemen had now the
audacity to believe the time had come when
she should declare her financial independence.
the conclusion OF Mr.. Clark's speech the
house, at 1880, adjourned.
sENATE.
WASHINGTON, Aug. al.-Among the numer.
GUS petitions presented in the senate this
morning was one remarkable specimen as to
photography, writing and ideas which was pre-
scented by Mr.. PETER tpop. Kan.). 1t gives the
views OF some OF the agriculturist and labor.
Ing classes OF a neighborhood In Illinois on
the subject OF finances. 1t was referred. as
are all the others on the same subject, to the
committee on finance. Mr.. PETER also offered
a substitute for the bill to Increase the national
bank circulation.
Mr.. Stewart rep, New offered a resolution,
which was agpeed TO, calling on the secretary
OF the treasury for q statement as TO the silver
bullion purchased In July, 1903, with the prices,
and as to the silver bullion offered for sale in
tho same month with the nrIras auuad