The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-08-23

was empty as the result of the previous
adm inistration, with it's billion dollar
Congress, thai the Government credit
was not good.
The issuing OF 5000, 900, 900 N ore bonds
he said would have been hailed with
delight by the investors OF ca pital, who
would secret it all into their vaults.
Our credit, he maintained, was stronger
than any other nation of the world on
account Of the uneasiness of the
European nations over the prospects Of
wars. Our limitless material resources,
he said, are overlooked and he quoted
how our international commerce ex-
ceeded the entire foreign trade OF the
most Of the European countries. Legis-
lation had checked our foreign trade
and who had not commercial friend
in the world. He had faith that tho
giant evil (the protective tarif), which
crippled this commerce, would be rem
edied.
Voorhees, briefly sketched the firth of
the law which resulted from the com
promise and said it was the worst and
darkest hour that ever fell in the cause
OF bimetallism. 1t was not intended in
good faith and it emanated from the
enemies of silver money and its purpose
was to degrade, dishonor and disgrace
this one of the precious metals.
He quoted from the Record, with con.
siderable satisfaction, that not single
vote from his side Of the chamber was
cast for the Sherman act. For the
same reason that he voted against the
act he would vote for it's repeal.
voorhees, said that before waiting for
su ostitute to the act, he would at once
eradicate this confessed evil from our
laws with no other condition than his
right and free agency to support
and to secure in connection with its
repeal, or afterwards by an independent
measure, az tho success OF the imme-
date repeal, the primary duty of the
hour, might at the time dictate, sound
financial system embracing the coinage
OF silver on an equality with gold. In
making this statement no only repea ted
the declaration Of tho Chicago platform,
on which the American people restored
to the Presidency one of the strongest,
ablest, purest and most patriotic char
acters ever known to American history.
He eulogized the Presidents message
and asked who dared TO say that the
author was monometallist He also
referred to Secretary Carlisle in 4 very
laudab!o manner. Tho American peo.
Pile, he said, had declared that silver
should not be domonetized. Ratio was
matter OF detail No effort would be
spared. he said, to effect an international
agreement. He declared the plan to
break tho gold reserve was one con-
cocted by the capitalists to compel the
Government afterwards to issue bonds
The gold shipments were also plans to
sack the Treasury and lead to the issue
OF bonds. Two thirds Of the whole
amount of money dedicated to circula-
tion by the Government lay hidden in
the national banks.
Tho paying of the vast amount of
money for pensions directly into the
hands OF the people had excited the
opposition OF the monied centers and
tho charge of fraud made against the
pension depart ment was largely attri-
butable to that source.
Voorhees, took his stand against the
existence, the increase or the perpetua
tion of the national debt for purposes
of national banking. and called
upon the millions, who constitute
the great army OF laborers, to
take notice OF this issue from this
time. He denied the constitu tionality
Of ten per cent tax on State bank cir
culation. and closed with strong argu-
mcnt in their favor.
After Voorhees, took his seat he was
3.
was continued by Dubois crop, Idaho
in opposition to the bill. What vote of
tho people, he asked, had instructed
Congress to abandon metallsm. There
was not Senator on the floor. he said,
who had not been elected on the plat.
form which pledged him to bimetallism.
Not national party had dec ared at
any convention in favor OF Recommendation
and in his judgment none ever would
Palmer argued in support OF the bill.
1t could not fairly be assorted, he said,
that the President did not favor the use
OF gold and silver as the standard
money Of the country, nor did it follow
that because the President had failed to
say word in reference to bimetallism
in the message to Congress, he would
disapprove Of legislation providing for
the coinage of both metals that would
be OF equal eXchangeable and intrinsic
value.
The bill was laid aside and the Mon.
tana Senatorship taken up.
MCPHERSON moved that this measure
be laid aside infor mally and TO proceed
to the consideration OF the bill TO in.
crease the National bank circulation
Voorhees, then gave notice tina. il it
should turn out that the National bank
bill was to be used to delay action on
the bill to repeal the Sherman act, ne
should move to side. track it.
McPherson's motion was agreed to
yeas, 40; nays, l0-and the National
bank circulation bill was accordingly
taken up, the question being on the
amendment offered by Cockrell for the
redemption of such two per cent. bond s
as may oe offered, and Tor payment in a
new issue of Treasury notes
The amendment and bill itself were
discussed by Stewart, Faulkner, Cock
rell, Hawley, Allison and Carey. Fl