The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1893-08-24

The Vice President Once Threatened 60
Clear the Galleries to stop the Applause.
His Speech an Endorsement of the Presi-
dents Message.
WASHINGTON, Aug. 23.-By unani-
nous consent Representative johnson
(O.l introduced his bond-currency ex-
change BILL which was referred to the
committee on banking and currency,
with leave to report at any time after
the present order on the silver question
has expired. The bill provides:
"That any holder of bonds of the
United States may, after the passage Of
this act, deposit such bonds at the treas
ury Of the United States, or at the
offices of any assistant treasurer of the
United States, and receive therefor
their face value in treasury notes of the
United States, as described in the act
of July IL, 1890. Such bonds may be
held as a special deposit to the credit of
party depositing them, and during the
time they are so held shall draw no in
terest and shall be returned on the order
of the party depositing them on the pay
ment of their face valve in United
States currency"
The other sections authorize the sec
retary of the treasury to make such
regulations as are necessary to carry
the foregoing into effect and repeal all
laws inconsistent with the provisions of
| the first section.
Senator Voorhees, speech was listened
| to with the greatest attention. Nearly
every senator was in his seat, many
1 members of the house occupying seats
| far in the rear and the galleries con-
| tanned the largest crowd of the session.
| The presiding officer was obliged to
threaten to clear the galleries in order
| to repress the applause called forth by
| Mr.. Voorhees, affirmation of allegiance
| to Cleveland and other strong points.
| The substance Of his speech was the in
dorsement of the presidents message
and of Secretary Carlisle. Of them he
said '-'. D-
Y "As a Democrat, as an American citi-
zen, as a man, loving and believing in
| justice, fair play and common sense, l
! appeal to those around me and to the
4 great body of the people, to know
| whom we can trust, whom we can be-
l lieve at such time as this If we are to
turn our backs on such men as Grover
Il
help the Democratic party and the
country if such a stupendous mistake is
to take place"
The Chicago platform and the presi-
dents letter of acceptance, he said, was
in nowise Contradicted or modified by
the singularly able message delivered a
few DAYS ago. Who dared in the face
of those brief but sound sentences on
finance to charge that the president was
q monometahist in disguise, a believer
in the use of gold alone? He, the
speaker, was willing to stand or fall by
his faith in the truth and honor of
Grover Clevelafid.
Mr.. Voorhees, attributed a great deal
of the present troubles to the unpatri-
otic locking up of the currency of the
country by bankers who were ClamOring
for the issuance of more bonds. There
was little excuse for the present dis
trust. The resources of the nation
were never greater and the circulation
per capita was over $24. Attacking the
Sherman law he said it was not in good
faith intended for the coming of silver
at all. Its purpose was to degrade and
| dishonor one of the most precious
metals until it could no longer hold its
| place with gold. AS firm, unfaltering
believer in bimetallism, and an unde'
| WAITING supporter of the coinage of both
| metals, he voted against the bill, and
for the same reasons could vote for its
repeal.
1t was not true that those who voted
for repeal voted to demonetize silver
, He would vote for repeal with no Other
condition than his right to support anG
| secure law in connection with repeal
or afterward by an independent meas
ure embracing equal coinage of botf
metals. Immediate repeal was the duty
| of the hour. Congress would establish
fair ratio for the coinage of botE
metals and no effort would be spared tC
effect an international agreement. Ger
tainly the country would not tolerate {
single gold standard. Mr. Voorhees,
paid q tribute TO the silver states anC
arraigned the national banking system
! which would soon be wiped out by thC
redemption of government bonds.
To take their place Mr.. Voorhees, de
| clared for the repeal of the tax ON state
! bank issues. This should insure safe
and elastic currency. He questioned
the constitutiopality of the tax on stat
bank issues, and laid down five pro
positions embracing sufficient suppl
of currency at all times to meet publ
] wants; destruction of individual or cor
Z porate power to cause fluctuations il
the different currencies, interchange
; | ability of every dollar in circulation
silver money to form its portion Of tn
specie basis Of chartered banks, and tn
total overthrow Of the dangerous cen
! tralization of the money power witt
states rights on the subject of money.
GbgoIIaH HIa Hn.thIaaa XVfEc