The Bessemer indicator., 1893-09-02
THE GREAT DEBATE.
SILVER SENATORS STAND FIRM
Heates In the House the Canse of silver
10 uo~ Transferred to the
Senate.
Thnrsday. August sAth.

on tho same line bv NJ. Allen OF Nebraska
No business voH transacted.
GotsE.-The financial discussion was re-
sumed. The silver forces were represented
by Messrs Piekler, Lucas, lIesui, >unSsoa,
Maddox, Grady, kcm and Murray leoluredA
Mr., Pi1klcr OF south Dakota asked unani-
NOUS cense-t that on Monday next, when the
bin wa taken No for action, he be permitted
70 offer an amendment, u tie substitute OF
Mr. Bland IS defeated, providing for the free
coinage % tue American product at the ratios
indicated IN the substitute, but Mir Wilson
objected
Unconditional repeal wa. supported BY
Mesers- Waugh, Somers, Barthold Hank
Caruth, Dinsles, Wilson. johnson and Mill
ken.
The event of the day vas 4 speech by Mr..
Pence 2i Colorado, who read extracts from
spsedh oi Mr. ByBum OF Indiana which he
ue!ivered lu Denver two years ago. In this
speech he said that he always had and always
would support free coinage, Now he IS fav-
Oring unconditional repesi Mr.. Pence made
sport OF Mr. Byaum and said come very
rutting things, HIS witty sallies provoked
hearty laughter from all parties. Mr. Bynum
responded BY lntlmating that while he was in
Denver he Vas partly drunk.
Friday. August sIth,
SENATB,-Wlth the close of the scnatc's
routine business, which comprised no matter
pt public interest except the presentation of
from tue treasury depart
mcnt adverse to any special legislation In re-
gard 10 penalties ON the whisky tNG, Mr. Vest
sent to the clerks desk and had read a COM
municatlon from the director OF the mint, Civ
ing statistics as to the purchase, cost and
coinage Of silver Mr.. Vest explained that
this statement showed that the extra cost of
re-colnlug the present silver currency at 20 to
would be more than offset by the profit made
on the silver purchased under the Bland and
Sherman act
Mr. Hill of New York then addressed the
Senate on the financial question. Mr Hin
read from manuscript and delivered his ad-
dress with a good deal of emphasis, lie said
he favored the repeal cf the Sherman law but
he hoped later for free coinage Of silver.
~ am a hlmetalllst" said he. 81 do not
believe in single gold standard or u single
silver Standard but ! DO believe In the use OF
both gold and silver a. the standard money Of
the country and In their free coinage nt apru-
per ratio and without discrimination In favor
OF one or against the otherH
The chief surprise Of the speech of Mr.. ilIll
was the position he took in minimizing the i'm
portance OF the revision Of the coinage ratio,
and his suggestion that international blmet-
hlllsm might h1 sought by holding out an in
ducement to the Latin Union.
There was a dead stiffness in the Senate
when the speaker referred to the statement
that Mr.. Cleveland was trying TO lead the
country to monometalllsm,
81 shall refuse said he, "to follow In the
footsteps OF any administration that seeks to
place the Democratic party in a false position.
that seeks to lead It away from Democratic
principles and Into the very camp OF the enc
my, The President must rely on Republican
votes 10 carry out any such policy
But es you well know said he, Il was
for the repeal Of this bill long before the
present administration came into power and
By my voice, pen and influence contributed
my humble share toward the creation OF that
public sentiment In regard to Il which Is so
we'll nigh unanimous in my state, My col
league and myself VIII checrfully vote for
this bill 'unswed by power and uucorrupted
by federal patronage
This last alluslon brought forth evidences
1f approval and merriment, and before the
vice president could check 1t the laughter
aud applause broke out and twas not stopped
Tor some time
Mr.. stewar. followed and denounced the
'rpeal bill.
The House joint resolution extending the
-herokee outlet the provisions OF the act OF
Way a. lsyO, in regard TO township entries,
vas taken up and passed just as It came from
he House.
HoUsE-The silver debate was continued
The advocates Of free coinage We're Messrs'
'cndleton, Bowers, Moon, Marsh, Joseph,
Mooney, Taylor, McRae, Richardson, Her
nan, Branch, Wilson OF Ohio, McKelghnu,
)oolittle and IIuliek For unconditional re-
zeal the speakers were hessrs Plgstt, Du-
lorow, Bryant Springer, sickles and Breck
urldgc Of Arkansas
Ncssrs Burrows aud Dolliver made par
isan speeches.
Mr. Bynum took the floor and replying to
VIZ. Pence's speech Of yesterday said that the |
gentleman had turned his back upon the |
rand old Democratic party, not for the sake |
4 getting pie, but FOR the purpose ut eating |
row lie quoted n speech by Mr.. Pence, |
oing back Us he charged, on Democratic
principles.
MIR. Pence then put in a lance, and It was a |
harp one. He said
When made those remarks was sober |
: n Judge, and want the record to say so
applause
Then Mr.. Bynuu rose 10 a question Of per |
pna privilege and with great dignity denied |
he imputation that he bad been intoxicated. |
Saturday. hugust .0th.
HoCsE.-The floor Of the House Of Repre- |
was the scene Of the battle of giants |
o-day. II was the last twenty-four hours Of |
be debate on the financial question and both |
ilcs had reserved their shest speakers for |
he closing act In the long-drawn battle. Tom
see,l, the eloquent leader Of the Republicans,
ouud an answer In John Allen Of Mls.issippi |
whose ready was one Of the most forclble ar |
-uments of the frec-colnage men. J. r. VII
lams, Democratic member Of the last com
nittee on coinage, hcsought his colleagues to
cmember their party platform. while Bourke
lockran OF New York repeated the Incidents
# the last Democratic national convention. IN
which he played such an important part, aud
Irgued that the true Interpretation Of the
platform was not that sought to be given by
he gentleman from Illinois. William l.. VII
on, the author OF the substitute measure upon
which the first vote will occur, closed the de
,ate for their respective sides In excellent
peeches.
Mr. Reeds speech was listened to with rapt
,ttcntion. He claimed the principal reason
II tariff legislation. In regard to the question
If repeal Mr.. Reed said that while he was in
aeor Of it,hc did not think It would be an i'm
mediate cause OF revival of the prosperity Of
he country. Nevertheless he would vote for
'cpcal for two reasons:
Flrst-Because, whether Justly or not, the
sherman law is believed TO be the cause Of the
boarding Of currency through
,ut the country. In this connection Mr. Reed
)ald a compliment to the managers of the
banks generally. saying that In his Judgment
hey were doing an.honorable, patriotic work
md were the malnstay of the country against
allure and future disaster
The second reason was that only by repenl
'ould the nation hope 10 attract foreign cnp,-
al, without which It were vain to hope for an
upward turn Of the country's business We
must put ourselves, he said, IN a position
when the time for that upward turn come. tn
Dc able to command the capital of the world,
which shall assist US on the path to the nexr
period Of prosperity and progress.
Mr.. Cochran said that the platform OF the
Democratic party did not declare for free
coinage of silver; that an attempt was made
n the convention by delegate from Colo
'ndo to commit the party to that principle.
lut failed to secure ten votes on the floor of
he convention in support of the proposition
We are told, said Mr. Cochran, by Colorado
Ind Nevada, Tint we are in this matter de-
parting from the platform, II that is the
'hse, why did those states take TO the woods
n the election Of 1892! 1t was because those
tates abandoned the declarations OF the
Democratic platform that the gentleman
rom Colorado tMr Pence who had so often
his associates on the floor, was
ldded 10 the membership Of the House. Mr..
'ockran devoted himself to an historical re-
umc of financial legislation and asserted that
here was no instance in the history Of civ
lizatlon where gold and silver ever circulated
lde by side at any ratio IT was simply i'm
possible that they should do so and he defied
he gentleman from Missouri mfr n1anlf tn