The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-23

least 800, 100000 more bonds. This ad-
ditlonal Indebtedness, increasing the
burdens OF American labor would be
hailed with the keenest delight and
swept with avidity into unpatriotic
vaults by the very parties who most
loudly declaimed against thegovernment
credit There we're many reasons why
our credit should be stronger now than
ever before. 1t rested on the absolute
unity OF purpose OF the American peo'
pie that it should be upheld, No one
but q political mRdman could deem q
political contest in this country ever
again possible on lines Of sectional
animosity,
The interstate commerce OF the
United States alone exceeded the entire
foreign commerce and carrying trade of
Great Britain, Germany, France, Aus
tria, Holland, Russia and Belgium put
together. Development Of internal
wealth on the farm and in the factory
dwarted into iRsigniacaRce the achieve
ments OF any other age, race, or nation.
Legislation had checked our ioreign
trade, and We had not to-day q com.
merclal friend In the world, For every
law that we enacted denying to foreign
productions place in our markets and
declining commercial friendships, We
might be certain Of an injurious blow
in return.
Mr.. Voorhees, contrasted the demon.
citation OF silver with the policy OF
France in issuing assignats after tho
Franco Prussian war with full legal
tender qualities which enabled her
TO maintain the strongest financial
credit in Europe. He said he had re.
terred to these things to illustrate the
power and the duty OF the govern.
ment in furnishing sound, reliable and
constitutional money for the people.
At this point he said he was confronted
by law without precedent or parallel
In American history; q law which for
months past had been the theme OF all
tongues and pens and in whose name
financial panic, alarm and distress had
been invoked, and for whose repeal
this Congress had been convened,
Mr.. Voorhees, briefly stated tho birth
OF the law, which resulted from COM
promise, and said that in an evil hour,
tho worst and darkest that ever betell
the cause OF bi.metallism, or the honor
and existence OF silver money, this
pernicious compromise was accepted
and fastened ON the country
MR.. sHERMAN's POSITION.
The senator from Ohio, (Mr sher.
many, it was true, now claimed credit
Tor his repeated assertions Of late that
there had never been an hour since the
compromise was affected that he had
not stood ready to violate 1t by voting
forits repeal.
In other words having induced the
producers OF silver to surrender their
rights to it's free coinage, in exchange
for the right to sell four and one half
million ounces per month of bullion,
the senator from Ohio and his followers
on that side OF the chamber had been
willing and anxious ever since to break
the compact, repeal the consideration
on which the compact was made and
leave their victims OF misplaced conf
dence empty-handed without either the
privilege OF coming their silver or sell
ing it as mercantile commodity to the
government.
SILVER MUST REMAIN A MONEY METAL.
In reducing silver to a morchantable
commodity on level with the products
of the field and farm, and issuing treas.
ury certificates on it according to Its
market value, there could DO but one
effect on the dignity and stability Of
that great money metal. II rGeled and
staggered under tho blow until now its
enemies predicted with JOY its speedy
and total destruction.
Mr.. Voorhees, said that he spoke in
no partisan vein, but yet 1t was with
great satisfaction that he quoted not
single vote in his chamber as cast for
the act which bore the name OF the
senator from Ohio.
As q firm believer in bi.motallism and
alsupporter OF the coinage Of both gold
and silver without discrimination
against either metal, Mr.. Voorhees, said
he voted against the passage OF the
Sherman act, and for the same reason
he would vote for Its repeal. The out
cry in certain quarters at this time that
they who would vote for the repeal oil
this act are enemies OF silvor as money
and in favor OF its demoneIization, was
not only false as far rs he was concerned,
but in the light Of what had happened
in the past, it was absurd. Beginning
with the first speech he had made In
the senate, and down TO the present
hour, he could recall no vote or words
on the subject Of tho coinage and cir
culation OF silver which no would now
change or blot from the record II he
could. And now in this the darkest
day ever known for silver, he aVowed
his unshaken faith that It would remain
forever one OF the worlds great and po'
tentlal factors Of finance, commerce.,
traffic and daily business transactions.
1t would neither be demonotizsd MOI
driven away from tho habitations ol the
| home OF tho laborlng classes. II hat
come down from immemorlal ages and
would continue to exist as one OF the
precious metals, upholuing the credit
| Of nations aud bringing blessings to tht
| sons and daughters oil toll when The
scenes through which we were now
passing had grown dim In the light ant
progress OF distant centuries.
SHERMAN LAW DESTROYS CONFIDENCE.
Hc should vote to repeal tho sher
man law as hc would remove dead fly
from box Of sweet oIntmSnt, Ns he
would abate nuisance and wip6 ouI
nm obstruction to rational, wholesunt
legislation. 1t tainted aud vitiatOd the
ontire financial system and destroyct
confidence in all business transaction
In every hour II remained d part OF the
law. The question Is asked whether I
yoto should bo given for It's uncon
di,lonal repeal, or whether before q