The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1893-08-31


Silver as Well AZ Gold for money.
WASHINGTON, Aug. 22.-In the SEN
ate this morning, Mr.. Allen offered an
amendment to the Voorhees, repeal bill
in the form Of a provision for the
coinage of silver at the present ratio of
IL to l, under the same conditions en-
forced as to the coinage of gold, and di.
recting the coin3ge(without unneces-
sary delay)of the silver bullion now in
the Treasury. 1t was referred to the f.
nance committee, as was also a bill, in
trOduced by Mr.. PETER, for the reduc-
GERS from s 900 upwards by 10 and 20
per cent. Notices of speeches on the
financial question were given by Mr..
Stewart Tor tomorrow and by Mr.. peifer
for Thursday.
Mr.. Voorhees,, chairman Of the finance
committee then, at ~ %, took the floor
and addressed the Senate in advocacy of
the bill reported by him discontiIuing
the purchase of silver bullion. The
speech Snd been prepared by him in ad-
vance and he delivered it from type
written sheets, but it was spoken with
all the energy and iirmnesS that Mr.
voorhees, had ever displayed in speech
before the Senate. From the first sen.
tence he commanded the close attention
OF the Senators on both sides of the
chamber and of an unusually large au.
dience in the gallery. lie had not been
speaking more than quarter of an
hour when he noticed Mr.. Stewart rise
as II to put question or to interpose
a remark, and he prevented that by
stating that he declined in advance to
yleld TO any interruption, and that he
would haVe to appeal to the chair for
fn 70
~ ou will have plenty Of chances at
me. he said, addressing the Nevada
senator. 81 will be a naked object here,
and will answer all questions | hope
L Will have little peace today for about
an hour"
He then resumed the delivery Of his
speech, but had not made much further
progress before he was again interrupt
ed-thiS time by an outburs. of an.
plause in the galleries following an en-
comium on President Cleveland The
breach of proprieties of the occasion
was checked by Vice President Steven.
son, who threatened to have the CALLER
les cleared If the offence should be re.
peated.
Mr.. Voorhees, said that while the
calm, unbiased public opiuion of IL great
majority of the American people, IRE.
spectlye Of parties, had justified the ac.
ZION OF the PRESIDENT in converting the
extra session, the cause for the action
were widely and dangerously misunder-
stOod and, by certain classes, purpOSely
misrepresented. Therefore he deemed
lifting a few words in explanation.
spoken in no spirit of controversy. For
live months n ID gone up the voice of
the prophet of financial evil; from the
great money centers had eminated cruel
edicts, contracting the currency and re-
sulting in panic. No one believed there
was want of confidence in the govern
ment credit or the stability of it's cur
rency, Notwithstanding the empty
treasury left by the last administration
andthe record Of billion dollar Con-
greSs. The American credit was better
today than that Of any other country on
the globe, and even cOWardly capital
seized upon our bonds with swift gread
Investors OF capital complained that
the administration had refused to issue
atleast three hundred million more
bonds. This additional Indebtedness: ::
increasing the burden Of American
labor, would be hailed with the Kcenpst
delight and swept with avidity into un-
patriotic vaults by the very parties who
most loudly declaim against the gov.
ernment credit.
There were many reasons why our
credit should be stronger now than ever
before. 1t rested on the absolute unity
OF purpose of the American people that
1t should !e upheld. No one but DO.
lit1cal madman could deem a political
contest In this country ever again posi-
bic on lines of sectional animOsity
The public credit of every European
government was increasingly threatened
by shadows OF coming wars; financial
resources there were constantly weak
ened by vast standing ffmies and per-
manent navieS; but throughout the
wide earth there were none to molest
us or make us afraid of war or rumors
of war.
Alone, as it were, the colossus Of the
western hemisphere, and towering up
IN isolated power and glory, our limit
less material resources are sometimes
overlooked in summarizing the ee-
ments or our financial strength The
lnstorstato commerce of the United
States alone exceeded in value the entire
foreign commerce and carrying trade
OF Great Britain, Germany, France.
Anstaria Holland, Russia and Belgium
pun Iogether. Development of internal
resources, OF wealth on the farm, in the
factory, on the rivers, on the ocean bor.
ders, IN the mountains and on the in.
iand seas dWarfed into insignilicance
the achievements of any Other are race
or nation. ''0o
Legislation had checked our foreiyn
trade and we had not today "A CONNER.
cial friends in the world. For every
law that we enacted denying to foreign
productions place in our markets
and decliEeing commercial friendship,
we might be certain of an injurious
blow in return from every trading
people in the world. lIe had faith that
the evil would be removed, with other
evils which challenged attention and
action, and If the true greatness of the
country was studied, it would be seen
shat financial panics and alarms could
nave no foundation here.
But there was another and an px-
ceedingly sensitive and powerful test
OF our government credit, which as
serted Its claim to the trust and admir-.
alton of the American people, aud also
the business confidence and respect of
every civilized nation beneath the,sun.
Money was simply a medium for the
exchange of values; money was a crea-
ture and Congress its creator. Gold
and its alleged intrinsic yaIue went for