Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-10-07

ara not q government and that we have not got
the power under the constitution OF the United
States, for taking care OF the important and
SERIOUS interests OF the people. We might
just us well declare, so far this particular de-
bate Is concerned, and so far as the influences
and considerations that operate in this cham
ber as pressure upon us are concerned, that
we have never accomplished our independ-
ence Of Great Britain. II II be true that
we still consult Great Britain, that we must
still act in harmony with her, that we cannot
legisate for our people till we get her consent
for certain measure, then we have not
achieved our independence; aud perhaps IL was
mistake that we ever made the effort THAT
| idle dream of international unity in regard to
this matter" said Mr.. Morgan, "can be realized
only in the fervid imagination OF every enthu.
siasuc statesman"
On the 3Oth ult notices were given OF two
amendments TO the silver repeal bill-one by
Mr.. Wolcott (repr COLI, providing for the re-
turn TO the states interested OF the amount OF
the cotton tax collected from them during the
war; the other, by Mr.. Perkins rep, COLI,
| providing for the coinage OF silver OF American
production at the existing ratio, the treasury to
retain seigniorage OF 20 per cent also provid
| ing that hereafter there should be no gold
coins minted OF less than S1O and no bank
notes or treasury notes issued OF less than s.,
| and for monetary commission of FIVE experts
| Mr.. Camden dem, w. Va.) argued in favor
| of the silver repeal BILL and Mr. PETER (pop,
Kan) resumed his speech against repeal
On the 2d Mr.. Kyle (pop., $, d. argued
against the repeal measure He took the
| ground that the Sherman law was not in any
way responsible for the business troubles Of
| the country. He appealed TO senators from the
south and from the west to stand for the pro-
| lection OF their own states He contended that,
| as between gold and silver, silver was the more
stable measure OF commodities; that 1t was
| folly to fritter away time with an international
| monetary conference, and that the hope Of the
United States was in looking forward towards
| a Pan.Amercan alliance.
Mr. Mcmillan rep, Mich) made an argu-
ment in favor OF repeal. He said that the argu-
ment that the United States should continue
the purchase OF silver for the sake of the silver
mining and kindred industries could not stand.
| Silver had declined in value for the same rea-
son that iron had. The result of closing the
silver mines had been to start work on the
gold mines Whatever might be the evils of a
| scarcity of money, the evils of m overabund.
| ance- of money were still greater. Con-
gTess should do these three things Q)
Provide for currency, every part OF
which shall always be maintained at par with
the worlds money C2) provide for adequate
| banking reserves distributed throughout the
country in accordance with local business ne
cessities: and (3) provide ready means OF
| converting securities into cash and cash into
securities according to the need for a more ex
panded or more contracted currency. II
these things were accomplished the quantity OF
money might be left to atural business causes.
Mr.. Doph rep, ore) expressed the belief
that the cause for the present business disturb
ance in the country was the fear OF hostile tar
ID legislation. The democratic party was
standing torch in hand, to fire the industria
interests OF the country. Was it, then, any
wonder that with such threat mills and fac
tories had closed and idle men walked the
streets demanding work and bread?
In q wordy controversy with Messrs. Teller
shA ffEF, fHRn pNfNr nfVa
Mr. Dolph asserted that the advocates OF free
coinage did not want silver dollar that wa;
worth dollar in gold. They wanted 56-cen
dollar-a cheap dollar; the cheaper the better