The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-05


unless the repeal were accompanied by
a proposition 10 continue the coinage OF
silver Ia some form, and 10 make silver a
permanent part of the financial policy Of
the country. He challenged proof of the
assertion that the credit of the govern
ment has been impaired by the Sherman
act. Such an assertion, he said was but
IDLE talk. II he wished TO pay $40 to the
presiding officer, IL would be taken as
readily in silver as in gold, as readily in
silver certificates as in gold certificates
Would some senator then tell him in what
respect silver dollar was dishonest, or
the silver currency not sound currency
RAP AT THE BANKERS.
MIR. Butler got into a colloauy with
Messrs. Gray and White as to the proper
definition of credit and told those sena-
tors with warmth that they might have
got their views from bankers, and that
the most unsafe adviser to congress on
the financial question was a banker of
New York or banker of Boston. APP
plause in the galleries. In the very ma
ture of things the owners of large capital
became selfish and sordid, and were not
only unpatriotic but unsafe advisers on
general questions of legislation. Mr.. But
Ter spoke OF the amount of currency in
circulation as 81 ,600, 600, 900, and asked
who had the power to shut up that much
currency in night. He thought he could
answer that question, but it was
not incumbent upon him to do so
now. He would state, however, that
wherever the power existed it was the
duty of congress to ferret it out and to
dethrone it. you may" he continued,
impassionately, strike down habeas
corpus; you may destroy the bill of rights;
you may abolish trial by jury
and other monuments of Ameri-
can liberty and a people accus-
toned will get along somehow and
after some fashion, but if you place the
people of this or any other country at the
mercy of privileged money class, you
had better take the hot winds of the des-
ert and let them sweep over that
country, for destruction will follow
as surely as day follows night.
England has destroyed the people of Ire
land in that way. Russia has destroyed
the people of Poland Turkey has de-
stroyed the people of the Danubian PROV
inces, and the same power will destroy
the mass of the American people if that
power is not sought out and dethroned
and destroyed.
NO SYMPATHY WITH COMMUNISTS.
81 have no sympathies with commun-
istic views or with anarchism. / believe
in the rights of person and property, but,
Mr.. President, when you give control,
such as has been exercised to bring on
this panic, to any set of people you APP
prOaCh the conditions brought about in
France by Napoleon Ill, who established
under the rule of universal suffrage the
direst despotism of modern times.
He said: The empire is peace and
he formed his battalions to enforce peace.
He issued his plebiscite for the exercise
of the right of suffrage and the voters
marched up to the ballot-boX between an
avenue of bayonets, and when the result
was announced, he said, II am the en-
peror of the French, by virtue of the
universal suffrage by the French peo-
pie" The empire was peace. The en-
pire of money in this country, they
tell us, is peace. But it is the
peace under and by virtue of which the
shackles of dependency and slavery will
be forged for the great silent mass of the
country. After some further remarks
Mr.. Butler pleaded fatigue and said that
he would now yield the floor to the sena-
tor from Kentucky, Mr.. Blackburn,
although there were some other points
which he wished to discuss.
SILVER NOT THE CAUSE OF HARD TIMES.
Mr.. Blackburn addressed the Senate in
opposition to the repeal bill. He was not,
man act. Bad as the measure was, un-
fair and uncandid as he believed it to be,
he did not believe that it was the cause of
the financial woes that the country suf-
fered, nor did he believe that its repeal
would prove the panacea for all the
financial ills under which the coun-
try was struggling He did
not favor either the bill passed
by the House of Representatives or the
Gil hGt cd
but he thought that a better
bill than either could be devised and
passed. Mr.. Blackburn declared that an
standard of value was a
myth. There never had been, never
would be and never needed to be an in
ternational standard of value. The trou-
bic lay farther back than the Sherman
law. TIE tariff system of the country
needed revision, and the financial system
needed everhauling. He stood here to-
day to advocate both of those necessary
works. Mr.. Blackburn made an eloquent
appeal on behalf of silver. He said, sill
yer has not lost any of its intrinsic value.
If it be debased money to-day it is only
when compared with gold. Subject it to
any other test, however, crucial or
severe, and it stands as it has ever stood,
the fairest and most honest of all the stand
ards of value which the people have ever
AuONA' L pIdJ JOu W SGllhC IL uOWn
appeal to the senators now as did the SEN
ator from South Carolina (Mr. Butler)
this morning. Let US look and see if
there be no adjustment on which this is
sue may be determined. There are those
who sit on this side of the chamber who
know with what persistency and
l have struggled from the
day that congress met down to now to
find a basis of compromise | will myself
tomorrow submit to the consideration of
the Senate an amendment which l pro
pose to offer looking in that direction. l
am compromise man, | will go as far as
the farthest, and then | will so farther
still, to adjust the issue which we are
now considering"
CALL AGAINST THE BILL.
Mr.. Call addressed himself to the pend
ing bill and the bill to in ,rease the circu-
ation of the national banks Referring
10 the speech of MIR. Blackburn, Mr.. Call |
said that if there was not wisdom enough /
TO remedy the evils he so elo1uently pic /
Jured, the present civilization was at fault |
and American institutions futile. Mr.. !
Call, for one, was opposed to the passage T
If the pending BILL unless there was d
coupled with it a provision for the free
'oinage of silver at a ratio of l6 to l. In |
10 period of the worlds history |
had the great mass of the people been /
placed in conditions of greater suffering |
ind poverty than to-day, and the repeal |
If the Sherman act would bring about
he same condition here that exists now |