The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-09-02
IN rBE SENATE.


Voorhess saggests That IL IL About
Time Go Take . Vote.
WasHrxeroS crrY, serk 1.-The senate
took up the house bid u repeai the silver
purchase clause Of the Sherman act. with
the Voorhees, bill as 4 substitute. Vance
OF North Carolina, ons. Of the minority
members OF the financs COMMITTEES. spoke
in opposition 70 thAs bill and In favor Of
free coinage. A iasss part Of his speech
was devoted to showing the Inconsistencies
OF the friends Of repeal in both parties in.
view OF the bi-metailic declarations of both
national platforms. He quoted from these,
commenting In an ironical strain on the
way in which the pledges were being full
filled. He said they seemed to think the
only way to maintain parity between gold
and silver was TO first strike silver deati,
blow. Unconditional repeal would be a
death blow, for IL was well known that
Cleveland would veto any silver coinage
bill. The effect on the condition of man
kind following the destruction of half the
currency of the world, aggregating
1880. .000, 900. would be impossible To
accurately describe. lie gave the his
tory of the demonstration Of silver. and
declared that every government which
demonetized the white metal did 80 when
ii was at n premium. When coinage was
stopped in India the effort to have II
stopped in the United States began. aided
by the influence of the moneyed power of
all the world and our government. III
coinage was stopped here, silver would
cease to live throughout the commercial
nations of the earth. and the fall In price
would be greater than that following the
stoppage OF coinage in India. Repeal
without substitute meant the end of sill
YER money for this generation unless a
revolution of the people should restore Ii.
as after the fraudulent demonetization of
1873 Let no man doubt that the proposed
repeal was the result of q conspiracy of
the money holders OF the world. He de-
clared that the Sherman law did not drive
out gold. else why did gold return with ii
still in force. The Democratic platfor m.
he said, denounced the sherman act as a
cowardly makeshift. yet this bill for its re-
peal is striking silver harder blow and is
more cowardiy and more of makeshift,
He closed with declaration for free coin
age Of silver.
During vapce's remarks Cockreli of
Missouri introduced q statement Of the
product of gold and silver from 1875 10
ls92. which showed production of gold
amounting to s., nc. .e6i. .96 while the coin
age amounted 10 s. 7s5. ia .s7a. OF silver
the production was &, 40. 76l, ,5s3, and the
coinage $s22, ,60S, ,35i.
At the conclusion of vances speech
VOORHEES, sprung surprise by asking for
vote on the substitute reported by the
financial committee TO the repeal bill. He
said no further debate was proposed AZ
this time, although notices had been given
OF speeches intended next week. He de-
sired that every senator Who in good faith
wished to occupy the time OF the senate to
have an opportunity. but could not take
the responsibility Of being party TO more
delay, and when . vacancy in the taik
had been reached be wanted il hIlea by n
vote. A discussion followed as TO the par-
iiamsntary procedure TO be observed in
consideration of the subject. and voor-
hses asked that the financial committees
bill be substituted for the house bill.
Cockrell Of Missouri objected untit
there vas an opportunity for full Discus
sion He pr eferred the house bill, saving
repeal shall no, impair the legal tender
quality Of standard silver dollars hereto
fore coined. 10 the senate substitute.
Allison of Iowa said the repeal clause in
no sense affected or impaired the value of
silver dollars coined. but by inserting the
house proviso IL would leave the question
IN doubt whether that portion Of the Sner-
man law stands which required the secre-
tary OF the treasury TO coin bullion into
dallars The discussion vas continued.
and al 8 - was interrupted by q motion
for an executive session. after which the
senate adjourned.
In the morning hour Teller submitted
resolution. similar 20 the one recently
adopted as 10 the month of July. for
statement regarding silver parehases. esc..
In August. and il xas agreed 30. White
gave notice that On the 18th he would pre-