The morning call., 1893-09-22
WHITE ON SILVER.
President Cleveland Is
Scored.
HE HAS NOT KEPT FAITH.
False to the Platform of His
Own Party.
AN UNHOLY PACT WITH THE FOE
The New Senator Does Not Believe
Good Can Come From That Sort
of Alliance.

spoke for four hours and half and held
the strict atten tion of the leading men of
the Senate. Senators Allison, Morgan,
Butler. Stewart, Sherman, Villas, Vest
and others listened closely to every word
that White uttered, and at the close of his
speech the Californian received a shower
of hearty congratulations. Mr.. Whites
breezy, Western style of speaking was
refreshing contrast to some of the prosy
vsporings that are often heard in the Sem
ate chamber. The galleries are always
with the orator who speaks with direct
ness and evident sincerity. and Mr.. White
was frequently interrupted with applause.
Senator Jones of Nevada said to White
at the close of his speech: "You have done
nobly. We are proud of you and on ac-
count of this speech our people will never
be able to do enough for you"
Among those who came from the House
side to hear White speak were Representa-
tives Hilborn and Loud, and Bourke
Cochran of New York, who is relative
of the California Senator.
In the Senate when it met PETER intro
duced a bill creating a bureau of loans
similar to his bill Of 1892
Platt introduced his amendment to the
rules providing for the clOture and ad-
dressed he Senate in favor of its adoption.
Hoar (R.) of Massachusetts said that
some years ago he had introduced a
method of dealing with cloture, and he
asked that his plan be referred with Platt's
resolution to the Committee on Rules as a
substitute for it,
On TelleT's motion the resolution and
substitute went over till tomorrow morn
ing.
White of California then addressed the
Senate on the repeal bill. He began by
quoting from Daniel Webster TO the effect
that gold and silver at the rates fixed by
Congress constitute legal standard values
in this country. and that neither Congress
nor any State has the authority to estab-
llsh any other standard. He then pro-
ceeded to the discussion OF the cause of
the present depression, and said he be-
lieved it resulted from the improvident
tariff legislation Of the past and from the
illogical and unnatural treatment which
silver ad received. He conceded thatthe
prospect for a new tariff naturally affected
matters in degree. Those surroundings
produced want Of confidence. He denied,
however. that the country had been
singularly prosperous during the ante
cedent years, and showed from census re-
tulns an increase of $4,000, 600. 600 of pri-
vate mortgage indebtedness. exclusive of
railroads, as the result of years of opera
ton of our laws. He said there was not
enongh gold in the world to defray one
half this indebtedness, and that the entire
stock Of gold and silver would be insuffi-
cient TO meet il. Although it had been
urged that OUT credit system was bene-
fcent. he was reminded tn at the laborer or
farmer never received much benefit from
credits. The farmers mortgage and gro-
cery bill must be met, come what may
He also called atten ton to the fact that
in the Western States especially the per.
centage OF farmers who are tenants had
increased with alarming rapidity, and out
of all proportion to the increase in popu-
lation. He criticized the high-protectioD
policy as responsible for the unequal dis
tributiOn of wealth, and declared tnat the
Democratic party was pledged to reform
the tariff.
White regretted that the President had
not recommended immediate action with
reference to the tariff aUd declared that he
was somewhat astonished at the attitude
of those Republicans who were so loud in
denuncation of the British lion when
tariff issues were before the country and
who now busted themselves in caressing
the beast. He claimed that the action of
the International Monetary Conference.
held ia Europe thirty years ago, and the
declaration of our own delegate and the
statements of Sherman in favor of a single
standard had much to do with the present
complication. He then analyzed the plat
forms of both parties upon the silver ques-
tion and forcibly argued that those in
favor of repeating the Sherman bill with
out an amendment looking to a double
standard and in the face of platform
promising that double standard should
be maintained and both metals treated
alike had directly violated their solemn
obligation.
be referred to the statement of the
President in his message that the time had
come when silver and gold must part COM
pany, and contrasted it with the statement
of Wilson. the author of the House bill
who argued that the object Of the pending
bill was TO rehabilitate silver. He made
very careful comparison. showing that cir
cumstances were not such as TO Justify
the belief that there was a surplus of sill
yer. The statistical information upon this
subject was very complete. He called at
tention to the production and stock of gold
in the world at various times. and demon
strated that the present production of
silver did not create nearly the difference
that existed when California and Australia
were supplying the world with immense
quantities of gold. He then examined the
question as to whether or not gold has ap-
DrAciated. cited MANY Instances apd draxu
many conclusions to sustain the claim that
silver held its own, while gold, in conse-
quence of our unfavorable legislation to
silver. had appreciated. He claimed that
all the silver produced had been absorbed,
and quoted Senator Allison and others as
admitting the present depreciation was
not In any respect due 10 overproduction.
He attacked the action OF our Government
in redeeming bonds. which were payable
in gold or silver, by the payment Of gold.