Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1893-11-03
REPEAL BILL PASSED.

The object for which the President called
an extra session of Congress on the 7th of
August last was virtually accomplished on
Monday by a vote in the Senate of AZ to 30
in favor of the repeal of the purchasing
clauses of the Sherman act. The House voted
for repeal on August 2Sth, and it is now the
general opinion that the Senate could have
acted as speedily but for the efforts of Ger
tain Senators-proiessedly favorlng repeal,
but really opposed TO ito effect COM
promise upon something less than what Mr..
Cleveland wanted AS soon, however, as
their compromise scheme was brought to
light it collapsed, and there was no longer
an obstacle to repeal. The compromises,
it then appeared, were the real Instructors.
When Mr.. Cleveend's uncompromising
honesty blasted their we'll laid plan a vote
was speedily reached.
The Democratic party as whole may
justly pride itself upon this first achieve.
ment of its craftsmanship. An important
requirement of its platform has been real
lied, thanks TO Democratic President and
a majority of both Houses of Congress, in
the repeal of a Republican measure, the bad
effects of which have been confessed by its
originators. The feat augurs well for the
other great items of the Democratic plat
form, the reform of the tariff and the repeal
of the federal election laws.
The bill as passed reads as follows:
"That so much of the act approved July
IA, 1890, entitled AN act directing the pur-
chase of silver bullion and issue of Treasury
notes thereon, and for other purposes as
directs the Secretary of the Treasury to pur-
chase from time TO time silver bullion 10 the
aggregate amount of 4 100000 ounces, or so
much thereof as may be offered in each
month at the market price thereof, not ex-
ceeding 81 for 37l.25 grains of pure silver,
and to issue in payment for such purchases
Treasury notes OF the United States, be and
the same is hereby repealed. And it is here
by declared to be the policy of the United
States to continue the use of both gold and
silver as standard money, and TO coin gold
and silver into money of equal intrinsic and
exchangeable value, such equality to be Sc
cured through International agreement or
by such safeguards of legislation as will in
sure the maintenance Of the parity in value
of the coins OF the two metals and the equal
power of every dollar at all times in the
markets and in the payment of all debts
And IL is hereby further declared that the
efforts of the government should be steadily
directed to the establishment of such u safe
system of bimetallism as will maintain at a II
times the equal power OF every dollar coined
or issned by the United States in the mar
kets and in the payment of debts"
At thirty five minutes past four o'clock
Wednesday afternoon President Cleveland
affixed his signature TO the bill repeating
the silver purchasing clause of the Sherman
law and it became part Of the law of the
land. The bill was laid before the House
Of Representatives at the opening of the SEES
its opponents to delay action the Senate
amendment was concurred in a few minutes
before 3 O'Clock by vote OF 1913 to "a, over
two thirds voting to concur Ten minutes
later the concurrence was communicated to
the Senate and the signatures of Speaker
Crisp and Vice President Stevenson were
affixed without delay. Then Representa-.
five Pearson, Of Ohio, the chairman of the
House committee on enrolled bills, carried
it to the White House, where the President
lost no time in atiixing his signature Sec.
rotary Carlisle and Attorney General Olney
were present.
The coinage OF gold at the Philadelphia
mint during the month of October was one
of the largest in the history of Uncle Sans