Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1893-09-03
or in the special session on the 5th OF
Mach Oh. IIp;,al St,,a. -o,Il 100,

marcn, o Oniteu State0 WOulu haY5
escaped tho present panic aud pre-
cluded tho closure of tho India miuts;
the Independent aud free bi-m.tallic
coinage in the United States was not
consistent with the counsels OF mone.
tary science. While repeal would not
bring u parity, it would facilitate it
by bringing that ley tangled none
tary theory Of the gold monometal-
ism, begotten in the embraces Of ig-
with rupacity, ut least TO an
Losquivocal crucial test. The perna-
nent remedy for our financial dill
Gu ~ was hi metnllism us il existed
prior to 1871. Hi favored the ill.,
crease of National bunk circulation ns
Proposed in the pending bill. Con-
liuuing, he said no regarded tho
question VI ratio ne not timely, aud
las VI the leHst consequence, but il
changed al all 1t should not DO en-
larErd, but dim 'nished 10 l5Ia tho
Latin unioL ratio. lie should refuse
to follow IN the footsteps of my I'D
m~iuistrut:un that sought 10 place
the Democratic party in n false I-osi-
u ~ aud iead it into tie very camp OF
the enemy. The President must rely
upon Republican votes 10 carry out
any such suicidal policy. Ile did not
believe, however, thut any such
course would DO taken by the Presi-
dent by his own volition, or even
under the inspiration of bis indiscreet
advisers, until clearer evidence 10
furnished THAI now exists. lie dep
r.cated hasty action in the formation
Of a deiirite financial plan, and pre-
aicsed the failure Of AN attempt to
impose n gold standard on India.
Meanwhile the prompt repeal Of tho
Sherman law has been demanded as
II OF temporary relief. "Let
us lcgislate upon the financial ques-
tion," SAID Hill, and then return to
ourthones until next December" Ro-
Stunning tho consideration Of n pcrma-
nent system, his distinguished col
leagus and himself would cheeriully
vote for the rcpenl Of the bill, "un-
uwed 10y power and uncorruptsl by
Federal patronage" lIo predicted
tho passngs OF the bill by the Senate
and that the republic would weather
the present storm.
A: the close Of Hills speech Stew
art OF Nevada took tho floor and adj
dressed the Senate.
HOUSE.
In the House Springer, Of Illinois,
made n long speech in favor OF uGcoa-
dItional repeal in which 10 charged
the present condition Of the country
to the tariff Legislation since the war
the decentralization OF silver in 1873,
and The silver purchases under the
Sherman Act. He suid that the de.
ruonetization OF silver in 1873 did not
destroy silver ms much as tho Sher-
man net. In sixteen years from its
pussage silver Deprecated 81 40 per
cent; in three yenrs since tho passage
Of the Sherman act it has fallen %
per cent.
The speaker, continuing, stated
that tho President called Congress in
extra session for the solo purpose Of
repeating the purchasing clause OF the
Sherman act. Would Congress ro-
tuso to comply with this universal
demand till I'M agreement had boen
made to do something else on some
other matter? 1t was just rs reason
able to dcmnnd that II tariff bill be
included in tho bill for the repaal Of
the Sherman act as the r%emonoliza.
ton Of silver.
Tho reconciliation OF silver in this
country ut IL ratio OF IL To l would
either bring tho Nation down to a
silver Standard or advance tho price
OF silver. bullion to the coinage value
Of n silver dollar. II tho former, il
"Dulu IenulG ln " liutlClul CTlSlS,COtn-
pured with which the present deprcs-
sion would 10 as n zephyr to a cy-
clono. The hundreds of millions of
foreign capital Invested in this coun.
try Would he withdrawn, our credit
destroyed, aud we would sink la the
condition Of Mexico, India and China
and be thrown out OF harmony with
the great commercial powers, which
now buy nearly $5N',OO0,0O worth O!
Il products. There ia no ground
for tho declaration that unless free
coinage DO Incorporated in this meas
uro, silver would be deserted Mike by
Cong ress and tho President. The
Presidents record Is not such as D.
justify the relief that no will prove
false /, his pledges. The speaker DO
lievod the PrcsidoDC ind Senate Mike
would JOIN in Keeping the pledges To
the penp.o in such q measure for the
uso OF sIlvor 10 will justify tho expec-
tations Ut the American people.
Tho rnlcs OF the House wore ro-
porlod 10y Catchings, and without be-
ing read, were ordered printed.
Poor Business Expediency.