New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-12
PROCEEDINGS IN THE SENATE.
Mr.. HILL REBUKES MR. sTEwART-MR PUOH
TALKS ABOUT SILVER, AND THEN
Mr. TELLER RESUMES

H.
ings opened to-day. there were just ten Democratic
Senator's dncluding Mr.. Voorhees,. OF Indiana) in
their seats, while the Republican side o. the
chamber there were sixteen in their seats-includ-
ing Mr.. Hale, of Maine.
In presenting some petitions in favor OF the Tree
coinage of silver. Mr.. PETER pop kan) said ne
noticed that there was general Impression in the
newspaper press of the country that when a
Senator or Representative introduced bill by re-
Quest he was personally responsible for It's con-
tents His attention had been called to That TACT
recently by criticisms of himself which he found
in the newspapers because he introduced last week.
at the request of the author a bill proposing 'he
establishment of a university in the District OF
Columbia He did not think such criticisms fair
Mr. Doph O8ep. Ore) in presenting reHloh-
STRANGE against the execution or the Chinese En-
cIusion act from the oregon Conference OF the
Methodist Episcopal Church. said that that peti-
ton illustrated what he had said the other day. mat
much of the criticism OF the Geary act came from
persons entirely unfamiliar with 1t. He pointed out
wherein the conference was mistaken as 10 the re-
ouirements of the law: and, referring TO the Dill
recently introduced in the House TO extehu 'ie
requirements OF the Geary act for one year. sau
that he would have objection to that Dill II 'he
chinese Government requested the extension or
II the Chinese Six Companies promised 10 au'i'e
the Chinese laborers to register
In connection with the same subject MI Hoar
(7ep Mass) introduced a bill prepared by the
China: but he said that he did not hmsen concur
in the provisions of the bill. 1t was referred 10 the
Committee Foreign Relations. ~
Mr.. Sherman (Rep.. Ohio. from the |oi''"''
on the Celebration of the Hundredth Anniversary
of Laying the Cornerstone OF the Capi'oi WeN'
Monday, reported a resolution that the senate
take part in the ceremonies. Ihe report was
agreed to. ., =.
Mr.. Stewart Qaep. New offered resolution lot
the appointment of a committee OF hVe SENATORS
70 inquire whether any Senator is or has been a
stakeholder or directly indirectly interested In
any National bank He was led to offer II, ne said'
h.couse the Wall Street and Lombard Street or
cams had been claiming that Senators from the Sill
YER States should not vote on questions III winch
they were personally interested. At the same time
he disclamed having any personal interest IN Sill
yer mining: nor had he had, he said for the last
fifteen years His wife had some years ago. IN
vested money in an abandoned SILVER mine
I'm Mexico: but that mine, after having mad the
water pumped out year ago, was again cioseu
on account of the low price of silver ana would
never be opened again if the repeal Dill became d
law.
Mr. Hill Qem ~ " opposed the resolution as
something unprecedented and unheard Of, and
which would not serve any good purpose. lie al
mitted that II had its excuse in the suggestions
made that Senator'S from the silver states were
actuated in their course by reason OF their own
financial or industrial interest. What precedent,
he asked would be established by the adoption of
the resolution When the Senate came to con-
slider the tariff question was II to have an hVesu-
eating committee to inquire what Senators were
interested in manufactures or In importing
When the Senate came to legislate on commercial
matters was it to inquire what Senators were
pecunary interested in the great question OF COM
merce? Senators had right 10 be interested, both
directly and indirectly. IN matters OF fnahce' ana
their votes could not be affected thereby. lie
could not resist the conclusion that the Offering
of the resolution was, TO some extent, renecuoh
on the Senate. He had sustained the other day
the Senator from Nevada in Offering a resolution
calling for information as TO the finance OF the
country. He had thought that that resolution
ought not TO be referred 10 the Finance COMMITTEE
But this resolution was entirely dinerent. III
should be either voted down or referred 10 the
Finance Committee.
Mr. Stewart was about to reply to Mr.. Hii' Dut
Mr. Hawley (2ep, Comm interviewed with an Cd
lection to the resolution which thereupon, under
the rules went over till tomorrow. Mr.. Stewart
informing Mr.. Hawley that he would then debate
Il The Senate then. at D. m, proceeded TO the
consideration Of the bill TO repeal the purchasing
clause of the Sherman act. Mr.. Teller. who had
the floor to finish his speech. begun on saturday,
offered to yield it to Mr.. Push Dem Aa)
Mr. Pugh thereupon addressed the Senate in OPP
position to the bill He had read and re-read he
said, the message of the President converting Con-
gress, and found ii to be an explicit declaration
in favor of the maintenance of the gold standard
in the OF the United states until
10 bimetalism by international agreement and that
that would afford the only remedy that could
mitigate present danger. threatening the future
1t was the first time that Congress had been con-
vened In extraordinary session for the sole pur-
rose of repeating any law And that law was one
which no Senator stated believed 10 be the cause
of the existing financial arrangement What, Mr..
Pueh asked did the President think the cause
OF these unprecedented and disastrous conditions?
The President thought that these things were prin-
cpally chargeabe to Congressional legislation touch
ing the purchase and coinage mot the purchase
alone OF silver by the general Government; and
specified the Sherman law and the disappointing
result which had followed it, That. Mr. Pugh held
TO be an unmistakabe charge by the President that
me failure of the Sherman law increase the price
of silver the origin Of :he evil The message
presented. he said. the square issue. whether the
United States should come to the gold standard of
Europe should cling 10 the use Of the consti-
tutonal union OF gold and silver as standard OF
values
Referring to the National banks. Mr. Pugh ac-
cused them of arrsying themselves in open hos
tty to silver and silver certificates and OF doing
everything In their power to discredit BOTH in
utter disregard of the law and of the declared
public policy of the United States. Whenever laws
had been passed by Congress to promote the cir
cuaton of silver and OF silver certificates, the Ma
tionai banks of the East, and especially those of
New-York City. Immediately called a meeting, sat
in judgment the legislation OF Congress- pub
licy condemned IT, and declared their purpose not
10 obey the law but to nullify It, Their claim of
supervision the financial legislation of Con-
gress and the execution Of the law by the execu-
tive department of the Government had been recog-
nized and tolerated until 1t had grown into es-
tablished practice. and to-day no other authority
was consulted In the formulation OF remedial legs-
lation. an evidence of such usurpation OF power
and audacious assertion of it by the National
banks Mr.. Pugh read a NewYork dispatch OF Sep
TENDER to 1.-The Washington Post" stating the
disapproval by President Simmons, OF the Fourth
National Bank; President Williams. of the Chem
ical National and President Tappen. OF the Gaatin
National OF the proposed removal OF the 10 per
cent tax on State bank circulation.
In ME- PIrh said II