New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-25
POPULISTS TO The FORE.
sen SroRs PETER AND ALLEN AIR THEIR
VIEWS on FINANCE.


SrN kropS PETER AND ALLEN AIR THEIR
VIEWS on FINANCE
Washington. Aug 2i-In the Senate the vice.
,,.s,aant anno,nted as the committee on the COM
,.r,ora,,on of the Tooth anniversary of the laying
n, the cornerstone of the Capitol Senators Noor-
hees Sherman Ransom, Chandler Whte' squire
and Martin. -; -.
The House Joint resolution making the act OF
MAY H. 1890 to town sites appiicape u 'ie
(-hsrokee Outlet was reported back from the
committee on Public Lands. with an amenumeh.
recurring the trustees who are to be appomteu u
he residents of the Territory or Okiahoma at 'le
time OF their appointment; and an efort was hiaoe
By Mr.. Berry Dem, Arko TO have II passed, ou'
objection was made by Mr. Manderson tRep, NeD'
and the bill was placed on the calendar
Mr. Stewart CRep. New took the floor TO ADDRESS
The Senate but II claimed by Mr. Pener uop'
Kan) that he entitled to the floor having given
notice a day prior to the day when notice was
given by Mr.. Stewart. The latter claimed now
ever. that it not fair 10 deprive him OF MS
right 10 address the Senate. inasmuch as ne had
been excluded yesterday morning by Mr. Peffers
resolution to National banks.
After some colloquy the Vice-Presdent ruled that
having recognized the Senator from Nevada he
was now under the painful necessity Of giving him
the floor. Mr.. Stewart. having thus carried his
,vo,nt EXPRESSED his Willingness 10 yield the floor
II the Senator from Kansas desired to address the
Senate now
IT do not desire to take the floor from the Senator
from Nevada" said Mr.. PETER but l should be
tvery much pleased If / could proceed at this time"
Q.aughter)
The Vice President-The chair understands that
the Senator from Nevada mas yielded the floor
ito the Senator from Kansas, and the Senator from
Kansas is recognized
Thereupon Mr. PETER proceeded to address the
Senate claiming a hearing because he represented
at least a million and a half OF voters who be-
.lieved just he did He criticised some of fhe
Presidents statements in the message TO Congress,
for the purpose of showing. he said. that the
trouble has not been caused by any want OF con-
fdence on the part of the people. but that II had
been caused by practical the pnrt Of
class which he hoped would relieved from the
responsibility Of stealing from the people. Mr. Pef-
FER went TO descant uron the luxurious eXtraVa-
gance OF New-York mill.onares and upon Wall
Street bankers and brokers. who he said. ad
yisers of the President. and the result OF whose
advice was the bill 10 repeal the sherman act
Half dozen specula tors, ne said ruled the country
with iron hand. II was time 10 dissolve partner
ship with Wall Street. Since the dawn OF history
the money-chanser had been always against the
peope: bit IL had been reserved for the Christian
civilization Of the closing years Of the nineteenth
century 10 throw the garb Of respectability about
the business of the usurer.
Al . D. m Mr. PETERS speech interrupted.
and the yice-President announced that the morn
ing hour having expired. the question before the
Senate was the motion of Mr.. Vance Dem. y. CO
10 Law on TIE table the motion OF Mr.. Manderson
0,ep Ncb) to reconsider the vote taken ycster-
day declaring Mantle not entitled TO a seat In
the Senate under the appointment OF the Gov
ernor OF Montana After some colloquy. notice was
given by Mr. Vance that he would call up the mat
ter tomorrow at ! p. IN.
Mr. PETER then contiued his speech. He declared
himself in favor "free and unlimited coinage OF
silver 1s TO /: that or nothing" He had no COM
promises 10 offer and would accept none lie went
on to argue that 1t was the Government mih'ase
that gave the legal-tender quality to goid as wen
as to silver and he illustrated his argument by
exhibiting a gold eagle and bar OF gold OF exactiy
the same weight and purity. The eagle was legal
tender in payment Of all debts. but the bar was
not "Why It is" he said. THAT this com Is
money and that this bar is not? He wished 10
hold UP the bar view, but TO the amusement
of the Senate. he could not lay his hand on H.
sT do not know where the bar is he said with
an air OF surprise: and he was ADVISED Dy Mr.
Butler tDem S. c. that he had better keep MS
eye on H. Having recovered the BAR ne said 'ha'
the coin was money and that the bar was COM
modify and that therefore, they not OF equal
value The coin was worth so. and the bar was
worth only IS 80.
Nr Gslunger (Rep. y. H)-SO that after all
the coin does not contain gold to the amount
NJ It's par value and gold bar Is not fiat money
Mr. Pener--The bar is not money at ALL nat or
amy other kind. But the coin is fat money. The
coin has on It's face. ten dollars ana there IL
no other way OF keeping It's value but through 'he
forms of law ! do not wish to be understoou
tbst the metal In the coin is intrinsically worth
s 80 because a large part Of It's measure OF value
for commercial purposes. is given to that Dy
reason of the Government using such
large quantity Of gold for money.
The people had no money 20 buy goods ana ordeIs
.,ar. r,ackened His own constituents were sell
ing their wheat at % 20 30 cents bushel corn al
10 more than It cost to produce H. horses AZ one
fourth their value and cattle at two-thrds OF the
value They were unable TO buy goods from 'ne
merchants, and the merchants did not oroer sooa'
from the manufacturers That was the trouble.