New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-31


ment They want reasonable protection against
undue competition with foreign lIhorers' VINO arc
miseraby paid fed lodged and clothed Give ''e''
this and you may make your standard OF value ~
YOU choose These the chief factors III the pres
ent financial s,ringency.
"And now Mr.. President. recognizing az l uo ~
its broadcast extent not only the abiiy OIL pu' wv
mower that is now intrusted to, the party III con-
troll in this Chamber and in the other fiou'''
beg them in view Of the lesson when We are Nv"
receiving. to avoid doing anything that MAY q"
danger the interests Of the country or s'op any
industry that is proftably conducted. II my
pursue "A line OF policy that will have mat ehec''
by proposing "A new tariff law, they VIII oii'H ,'-
volve themselves in the same troubles ana III ue
same kind OF defeat that We were Involve" III "
the last election. You, gentlemen (addresshs "ie
Democrats). have the responsibility Tor the 'o'',
ton and for the remedy / trust in Goa Eo" VIII
exercise that responsibility wisely; but Tear iIo'
the SIGNS of the times and from the propositions
that are being made. that you VIII uiS'uIu -
terests of the country and add deeper ana ueeIet
lines TO the dark days we are now SUFFERING unis
The President. In the midst OF the pane, ,Si
snneal 70 me in vain have no sympathy with him
politically but believe that in TINS maI',t i n cou
right and that II is my duty 10 RESPOND 10 ms
We ought TO suspend the purchase OF SILVER ou!,lo
Bat strange spectacle is present9d nat ~, law
of 1890 and wEo voted for it, are willing to repeal III
while the great body of the prefIem, ~ re-
fuse 20 repeal it and cling to it as the ARK OF saeH,
The law was makeshilt Dut [ IN Silver on the
ratio of IL to j. and think that In that respect b
has rendered enormous service to the cou"'!'
SILVER PURCHASES NOT NOW NECl s>\RY.
eft Is said that the demand for its repeal comes
from banks and bankers. and that they have com
bned together to accomplish Its repeal ""O"
consideration should not influence us either way
will vote for the repeal of the law because oe'eNo
that the purchase of silver is longer necessary
that it is Improbable and dangerous. NO, 'na'
wish TO depreciate silver. would SladIE auNa'O' IL
10 a parity with gold at the legal ratio bu' d.
that is impossible | willing to VOTE iur az Is
measure that Will tend to parity OF tne tmU in
at any fixed ratio. VIII ,t,Gpp ne har.
monious OF silver and gold as s'"'u"'' "
value. u,, 90 tina future II the purchasing
clause is repealed what then? do not "iiit !" ~"
wise either the Executive or ConEIesS in ,ts conn
els But take that. whether we are Dem h ih,
ror American desires to do that which is bes,
for the country and for all parties nmyM way inc
think that there are certain urgfm no mink tha,
reserve intact the parity Of all our money we
bave NOW six or seven or eight hundred million OF
dollars of paper money outstanding ior "Ilrn w.
are responsle We have undertaken to m s,narl
that AZ parity How? Ordinarily small reserve
is sufficient to give security ana 10 pi',. -, 90.
Marty which has the power OF government IN ltS
hands TO strengthen the reserve 50 ihat ,hert INV,
Of all forms OF in the country. II may I ~
q X
OlIr bonds would command gold ~ any in,ih
They would draw 1t from the Bank OF fnsisnd;
ned states dd p cGmmdnn rGf gold everywhere Al
though this IS not my buSSsS !, ~ Fan sSmmary
acquire the possession OF gold TO MAINTAIN your ~
T tried ot the last session Of Congress to aid the
Democratic party Uhe first time l ever rltn |" az.
it, by securing to It's Adm,nisraton a ~, NAM r.
lain his rrserv. I'm case Of necessity; but senators
on the other side afraid of the popular elcc,
ia he paid and the bonded Indebtedness increased
They thought it was much cheaper ana such ylS issue
would De likely to strengthen ana mature lIcr
pHH "ri ,ho dnrer hone therefore that the next
measure Of relief which my friend from lnlAha ,.
measure authorizing the President or the .'ccre-
tary OF the Treasury whichever he Ireiers, to 'M
order to maintain the parity Of all our currency
10 PROVIDE AGAINST nEFI'rr
"Therc is another thing. We must not overlook
the fact that POSSIBLY the balance Of trade may
be against us next year. The appropriations maze
at the last Congress though made after the scrutiny
of careful economists may exceed IN" revenues
Of the Government; and some authority 10 MAXI
good the defci, Cwhatever i; may be). ought to De
provided by law. Some powcr should be gwen
to the Executive in the matter If that De no.
done and the revenues be not sufficient to In'.t
the expenses the Executive would have no po"rr "
rTsnted by a party to any Administration when
ever the necessity has arisen. -
/ I'VE ought encourage in every poS'i"' N"l
the expectation of our products although 40 iol
IRE can be devised 10 facilitate transportdh,'.,
even by the Of American vessels outfl' ~
be done we Gusht o. to Of pG EnTopesn countrcs
do not precisely sec how "" can n 1% I neorIr
and they may devise ways ana means ioi ho,uii,
any demand made on our resources by thc sGul't,
be done. / think. for immediate rene. Iy
strange rule OF logic can coin an c'l,hi 'iii'om
/ ,fa DIV
then have A surplus over. If there Is such 4 sni,
plus in the Treasury and suppose t9eIe .o 49, -
would undoubtedly coin that surplus ana use II II
Do mot relieve in buying silver from
peoplc ana then coming the same amount ana hay
ing large profit as they can IT. IT IL Is r r%d5
and l think it is a fraud" o .,...,,.o.
At this part OF his speech Mr.. sherman devlate1
and clear away ali the charges and aspersons
made by Senator's end Others IN commecom w,
the OF 1873 and he confessed to some @nnoy4nce
/ al the statement made the other day by Mr.. Noor.
hees that the action Of hosr VINO o aq raanhnra
Mr. Voorhees, declared that nothing could De
further from bis err wor b 9 the
Senator from Ohio. That senator was rot IN MS
they we're disagreeabe offensive TO him. he
expressed his regret at having uttr,cd them; ana
. dec Jared himself incapable OF inhictng an anrOht
/ unprovokod on any gentleman in the Senate or
elsewhere.
he WOULD BRAXD IT A. \ FAL>EHpoD.
Mr. Sherman said that certainly he did not de-
sire TO say anything more on the matter bclhS
entirely satisfied that what the Senator from In
c!aad lt,s said due 70 his exuberant eloquenc"
daughtcrJ He intended now to produce the pub
lie record and make the matter Of the act OF 1913
plain and clear and TO show that the whole proceed
ing was free from corruption an" was honorable 10
Congress And hereafter" he ADDED in angry ana
excited tones. when any man makes that imp9-
tation | will simply saI that 1t is a faisehood;
and | brand ii 20 ana then There has never
been any bill freer from any immoral or wrong
influence than the act OF $50; and to say that II
was passed surreptitousH is a falsehood and It
lie by whomsoeVer uttered
Mr.. Sherman devoted some time TO an eA-
posure OF the falsehood Of letter
i Written bv some one who avOwed him
self as an Anarchist. ami protested to repeat a
statement supposed to haze been made to him by
Ernest Seyd as his having bribed Congress to
pass the law OF 1879 He declared that Mr.. Seyd
was as extreme "A bmetSliist as any man within
the sound of his voice, and that the statement OF
the obscure Anarchist a lie made out Of the
whole cloth
Mr.. Sherman boldly avowed his connection with