The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-09-07
SENATOR VANCE SPOKE his LITTLE
PIECE IN THE SENATE.
he Appeals to Silver Men to Brace Up and
Fight to the Least Ditch-senator voor-
hess Wants Vote Without Further
Waste Of Time.
SENATE.

majority of the senate and we'll filled
galleries as his auditors and was fol-
lowed with marked attention. The
fact that the senate meets tomorrow
indicates that a majority of the com
mittee on finance intended to press re-
peal to a vote at the earliest oppor.
tunity.
Senator Teller (Col.) submitted
resolution similar to the one recently
adopted as to July, calling upon the
secretary of the treasury for state
ment of the aggregate amount of
silver bullion purchased during
together with cost, etc. The
resolution was agreed to.
Senator White (Cal.) gave notice that
on Sept. 10 he would present a resolu-
ton touching on the death of the late
Senator Stanford.
On motion of Senator Voorhees,
house bill for repeal of the purchasing
clause was taken up and Senator
Vance IN. c. took the floor thereon.
Senator Vance began his speech with
the assertion that the law of supply
and mand affected the demand as
well as other things. When money
was abundant prices were higher;
when scarce prices were low He ar
gued, therefore, that an increase of
money benefited production and en-
N % H.
turned to characterization of silver
throughout the world, which, he
stated, began in 1916 in Great Britain
and traced its history down to the con-
dition of affairs. He said if silver
coinage stopped here, silver ceased to
live throughout the world, unless a
revolution should restore it. He de-
clared there was combination to in
crease the value of gold by creating a
panic through which to destroy silver.
Senator Vance criticised Secretary
Carlisle for using gold to pay bullion
purchase certificates, thus enabling
the conspirators to assign the Sherman
law as the cause of all the trouble. He
ridiculed the position OF parties favor
ing bimetallism, yet Staying silver. He
believed the passage of the repeal bill
would drive silver down lower than
ever known. and that even our pres.
ent supply of silver dollars could not
be kept at parity with gold. He ar
gued that the Democratic platform de-
clared for free coinage and asserted
that the repeal of the Sherman law
Internationally was an abandonment
of the platform.
Referring to the pimeraInc promises
in the Voorhees, bill, he asked if the
promises at Chicago were
not good, how would the
promises inserted in the law be
any better? If the party intended to
enact the laws it had promised it
should do it now. If the party was
acting in good faith it would carry
out those pledges now, and if the
friends of that platform let go what
they had before they got something
else in exchange, how could they just
ify themselves before their people? Il
asked why he could not trust the flu
ture for the enactment of those laws
| which ought to come concurrent with
the repeal of the Sherman act, Senator
Vance said his answer would be more
clearly truth than theories. He had
no confidence. Being once deceived
he could not accept any more promises
as those of honest and respectable
men.
In reply to Senator Germans query
why the friends of silver halted be
tween unconditional and conditiona
repeal, Senator Vance said that by con
ditional repeal we united the Demo
| ~ o,fx Of oil al I,
of bimetallism. BY the proposition o
unconditional repeal that was impos
sible. Blmetallism was the most pop
ular, if not the most potent, factor in thu
last campaign. 1t was the plank com
mon to all platforms. He called upoI
his friends to take heart and stand b,
the object of their love little whil'
longer. To insist upon repeal in tn,
face of the admitted fact that the Sher
man law was the cause of the troubl,
Was an acknowledgment that it coult
not be repealed without some substi
tute In cold blood and in times of sea
sonable prosperity.
In view of the attitude of the presi
, dent he knew and other senator
) knew that any bill providing for eithe
!, free coinage or limited coinage of silve
! could not become a law, and to permi
J the passage of this bill without attach
ing some other legislation, KNOWN
that other legislation could not b
! secured independently and by itsel
was to consciously surrender and tur
our backs upon the pledges made t
the people. If the Democrats did thi
they must do it with their eyes ope
to the consequences AID knowing tina
they were subjecting themselves to 81
: rious accusations of their constituent
/ If the Democratic party did this
would cease to be the peoples frien
and become the subservient tool
combined capital, and constitute j
g its legislation lineal succession of til
g 80 years of that Republican rule whic
they always heretofore denounced 1
building up combinations and col
D porations which have well nigh al
4 sorbed the wealth of the country.
D After speaking a while upon II
production of the two metals an
:, their use as money by different go
: ernments Senator Vance concluded b
- speech by declaration favoring FRI
; and unlimited coinage of silver.
{ At the conclusion of Senator Vance
g remarks Senator Voorhees, sprung
e surprise by asking for vote on Il
% substitute reported by the finan'