The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-31

enough to meet the difficulty. The Repub-
hcans had thrown the responsibility on the
from without and added nothing OF It's own:
Neither side had made a suggestion broad
One but he could not. with self-resrect.
help pass such a measure that pending.
There could be but one Soluti0n free coin
age of American silver was necessary to
prosperity The most forcible argument put
forward for repeal was that A. would force
Europe TO an agreement with US to return
TO the use Of silver. We expected 10 break
down the market. The Indian government
was known 10 be In serious difficulty and
would probably shut out silver bullion, thus
closing the swo cheap markets for silver.
The price OF silver must then materially
fall, and II the East Indians became
alarmed and threw their hoards on the mar isfs
might turn out differently, and changes In
the English Cabinet or war in Europe
might cause the adoption Of a silver pol
icy. but we were not gambling on chances.
We were bound 20 provide against dangers
reasonably evident. What security was Of
fered by the bill against the consequences
OF sucn faliE one OF the probable conse,
quenceS was an Increased demand for gold
TO take the place Of silver. European coun-
tries were fighting for gold. France re-
fused 10 part with hers and the Bank OF
England kept its rate OF discount above
the market rate India would absorb more
gold. We had liabilities in paper silver
amounting 10 a thousand millions, and only
about eighty millions of gold in the treas
a
a monthly deficit of several millions. Thus
far the treasury had met IL by paying out
gold IL we managed TO keep nifty millions
OF gold tn the treasury we should do we'll
Such a course was worse than error, and
approached crime. 4 banker who did
would pass the rest of his life in the peni-
Tertiary. No banker allowed his coin re-
serve convertible assets to fall below
one to three, and on that scale the treas
ury was bound to put not fifty millions,
but $3.50, 600 co. into the vaults before this
bill became law. Mr.. Cameron continued
further. and, concluding, said he might ask
the Senate TO vote upon some OF the prop
ositions contained in his own bill, or, at
least TO refer the bill to a select committee
MORGAN'S DISCOVERY.
Mr. Morgan next addressed the Senate.
He said that he had come to the chamber
to-day. contrary to the advice of his physi-
clan, for the purpose OF expressing in the
final stages of the bill some opinions which
ne had formed about it, He quoted from
Mr.. Germans speech Of Saturday last,
and summed 1t up by saying that it proved,
first. that the bill was not what was de-
manded by the Chicago platform; second,
that it was the fruit of a coalition die
tated by the Senator from Ohio, so that it
was, In fact third Sherman bill; third,
the bill was delayed by it's friends and not
by its enemies, and, fourth, that the Re
publicanS OF the Senate broke up the COM
promise to which all the Democrats, ex-
cept five, had agreed upon. He bowed his
thanks TO the Senator from Maryland for
his manliness in setting before the world
the exact situation Ia the Senate on this
vital question. He read slowly and with
deep emphasis these two .e,v sentences from
PEELED to take the terms offered by the
Senator from Ohio CIR. Sherman.) He he'd
the key to the situation You have die
Il thank Cod exclaimed Mr.. Morgan,
fervently., that the Senator from Ohio has
never had power to dictate terms to
He may dictate them TO the President, to
the finance committee chairman, to the mi
nority Of the Democrats on this floor, but
he cannot dictate them to me-" Mr. Nor
gan said that il was sight to inspire
mirth among the dead tenants of the cata-
combs to see two presidential aspirantS
cleveland and Harrison) trying each to
get the veto power so that they might
WELD ii for the destruction OF silver money.
and leading opposing and belligerent forces
in a joint campaign against silver. He de-
clared that IL he had told the people of
Alabama that Mr.. Cleveland'S first effort
If elected President would be to put silver
in position from which there was pos
sibility OF extrtcation, and that silver was
TO die In the Senate and in the House by
Mr. Clevelands command, the State OF
Alabama would never have cast its vote for
him And told him 50 in cordial sda and
spoke of the four days speech of Mr..
Jones. Of Nevada, contribution to the
literature of the history and philosophy of
silver, and gold. and money which would
illustrate the history of the United States
as one of its most beautiful chapters in all
While Mr. Morgan was speaking. and as
the hour q o'cloclO suggested for taking
the final vote approached, many of the
members of the other house. including
Msssrs Springer, Bland, Fellows and Gels
senhainer. entered the chamber and either
took seats which happened to be vacant
stood around at the rear of the Democratic
side. The galleries were crowded. The out
er doors were beseiged by men and women
watching their chance of admission, and
so the diplomatic gallery had TO yield UP its
ordinary exclusiveness and admit some ia
vorsd personages, including Mrs. Carlisle.
The two rows in the women's gallery which
are set apart for the use of the Presidents
family were also full
At $50 Mr.. Morgan was still speaking
with no indication of his bringing his speech
TO a close. The uncertainty of time at
which the final voting would come was
such that all the members OF the other
house withdrew from the Senate chamber
Mr.. voorhees, showed signs of Impotence
and mad interviews with Mr Jones. of Ne
vada, and other anti-repeal Senators. But
MIR. Morgan needed not and went on with
his speech as If there was no need Of hurry
Al 90 MIR. Morgan said that ne had now
finished what he desired TO read 20 the
Senate. he had prepared IL because, in his
state of health. he could not attempt to
make extemporaneouS addresses.
Mr.. Vest expressed sympathy with the
silver producing States. and declared with
5 huch feeling that no ruler could have so
1esolateu an insurrectiOnary province as
Congress was desolating the silver States
Mr.. vest went on TO argue in favor of the
coinage of the silver seigniorage in the
treasury as in opposition 10 the plan of
issuing gold bonds He closed WITH
aeclaration that the issue in the next pres-
,Qehtiai campaign would be equality among
the people, justice TO all men, no monopolv
IN mining and no Capitalization in fnances
COCKRELL'S SARCASM.
Mr. Cockrell argued that in the last res
idential campaign the tariff question. not
the financial question. ha1 been pressed
TO the front. and that on II the Democratic
party had pressed on to Victory, and lead
ing Democrats had expected that. If there
was to be az extra session, it would be
called for the purpose of reforming the tar
IN But nov that the election was owe.
tarli1 was lost sight of, AMI the senior SEN
ator from New York (Mr. HID was beheld
pltchins 10 the front hcadlong on the finan-
cal question. The lion at one end of the
avenue and he tiger at the other Gacing
MI HID We're coming together in a fond
embrace. U4aughter) ~
Mr.. Cockrell reviewed The histor, of tho
sepeal DILL IN the House and Senate showing
mat IL was reported TO the Senate by two
democrats, MeSSrs. Voorhees, and McPher-
son. and four Republicans Messrs Allison
san measure, the partisanship all being on
the Republican side. The Senator from
Ohio (Mr. Sherman). the leader of the adj
miniStration on the Republican side of the
chamber, had denounced the Democratic
party. and had told Democratic Senator'S
that they We're imbecileS and could not
agree upon anything. Go and do what
you ought to do" said the Senator from
Ohio. Agree upon some MEASURE some
compromise and bring it in and pass ID. -
And then u was he appealed 10 the inter-
view and proclaimed that unCOnditfouai re-