The silver state. [volume] (Unionville, Nev.) 1870-1903, 1893-08-23
VOORHEES, SPEECH.
Views of the Indiana Wolf in
Sleeps Clothing
ON THE FINANCIAL QUESTION.
The Tall Sycamore Bends to the Admin
istration Brreze-He Claims Friend
ship to Silver to Get Chance to
More EffeetuaIly Strike 1t Down.


WASHINGTON, Aug. 22.-Voorhees
addressed the senate this morning at
length on behalf of his motion repeal
ing the purchasing clause Of the Sher-
man act. He explained the action OF
the president in conyening an extra
session owing to the lost confidence
in the financial world. This loss OF
confidence" he said, twas not in the
credit of the government, which was
better today than that of any other
on the globe" He praised the ad-
ministration for the refusal to crafty
the demand of capitalists for the issue
of three hundred million more bonds.
He summarized the element of the
nations financial strength within its
own borders and regretted That legis-
lation had checked our foreign trade
and had left us today without COM
mercial friend in the world. He had
great faith that the giant evil, which
had crippled the commerce OF the
country, would be removed with other
evils which challenged attention and
action. "If the true greatness of the
country was studied, it would be seen
that financial panics and alarms could
have no foundation here. There was
another exceedingly powerful test of
the governments credit; money was
simply medium for the exchange OF
values; money was a creature and
congress its creator. Gold, and it's
alleged intrinsic value, went for
naught as a circulating medium, un-
less the coin bore the stamp OF the
government, the same official stamp
on silver or paper at once ennobled
them with the same quality with gold
in their purchasing power, no matter
how debase or valueless the material
may have become as commodities by
sinister or unwise legislation. There
were nine different currencies used in
the transaction of business in this
country which were uniform in the
purchasing and debt-paying power as
to make them interchangeable. Never
but once had these currencies been
discredited by the government and
that may never happen again. 1t
was the duty of the government to
furnish sound, reliable, constitu-
tional money for the people. We are
now confronted by law without a
precedent of parallel in the American
history-a law which had resulted in
financial panic, alarm and distress,
and for whose appeal congress had
been convened. He characterized it
as compromise born in an evil hour,
the worst and darkest that ever befell
the cause OF bimetallism or the honor
and existence of silver money. He
characterized it as Republican meas
ure to induce producers of silver to
surrender their rights for free coinage.
Its creators now stood ready to leave
their victims Of misplaced confidence
empty handed, without the privilege
of coming their silver or selling it as
commodity to the government. Silver
degraded to a commodity could no
longer hold its place with gold as a
part OF the specie basis of this country.
under the blow, until its enemies
predicted with joy its speedy destruc-
ton. He congratulated the Demo-
cratic vote had been cast in favor Of
the act. AS bimetallist he voted
against tie passage of the Sherman
act and for the same reason he would
now vote for It's repeal.
He avowed his unshaking faith
that silver would remain forever one
OF the worlds great and potent fac
tors of finance, commerce and traffic
in the daily business transactions.
! 1t would neither be degraded nor