Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-08-19
WILL Vt BE NOTES
Seating Dsnunciation Of the
Demonstration Act
WALL STREET WELL DEFENDED


fo441 NJ. ctLIef 4dN t4't4 tAe prupusi-
tion suggested By Nr. johnson Of Ohio.
fros.ding that the holdsrs of united
states boa1s zhl deposit thoss secu-
rites with the zosernmeal. receiving
therefore treasury sotes he denounced
tie disqualification act q is73 ~ trait
orols at. and slong with the names Of
judas lsesriot aad Benedict Arnold
wonid Be placed the names Il those who
we're guilty q the crime Of is73 At ono
f.ne he bsd bssn gold mono. metallist.
kiot hs studied the question and Was 40
lonEer one. because he would rather be
hoDsat th4a mono-metallist- Cheers.
laashtsr and applaass.l 10 was said,
he eontinusd. that the repebli-
cens were going 10 loln e1th
the democrats in repealing the sherman
law What republicans and what dem
ocra1s< The fepoolieans u the east and
TIE democrats of the east. But IN bis
opinion the salvafion u the country
tlepeaded Rf0n the people Who were
hslnv Nesfof the All@ghcnies and south
81 tie Aason and Dixon line. ZAP
Eisnse
Mr. Hainas denoancod the attacks
made uton Wall street. They were
pure doemaflsus: attacks upon the
financial system q the country. Wall
street Wss the savings bank of the ma
fior, II was % Wall street thar the
various sections of the country sent
tAeir loanable surplus. and from there
that surplus was distributed throughout
the country where capital was needed
for the development % Industry.
Nf. k.ngilsh said while he would vote
Tor the repeal q the purchasing clause.
he did not hold that the repeal would
be 4 paBacea for al our evils. He had
read the presidents message between
the hines. and he Wis satisfied that the
president was actually q b. metallist
he thoughs that the pfesidents sagac-
~ vas sufficient 10 know that the mere
repeal of this measure would not relieve
the people: he had confidence in his
Presidents honor that al the proper
time he would redeem every promise Of
the Chicago platform
Hay State for Repeal
Mr. Everett raised his voice In favor
of the repeal u the Sherman Law. Every
thing that be could say had been moro
ably sad before. kiis speech, he said,
bad already been made better than he
could make it. By several gentlemen
notably By the gentlsman from Florida.
Mr.. Cooper. lie wasI delighted that the
southern state Of Florida and the old
Bay state q Massachusetts, came to-
gether on the question because Ii showed
that Boston and st. Augustine were
suffering the same way and the same
method a relief was wanted
Ar simpson spoke IN favor Of free
coinsge. lie severely criticised tho
democrat party Tor It's absolute useless
uess Whoever had heard of the demo
erat party ever repeafing law or max
ing laue ILaugnfer The democrat
party eas not party of progress. Re
publican applause. There was no
democrat party any more; Il was Prcsi-
dent CieSeiand's party. Laughter.l
he also paid hls sarcastic RESPECTS 90
the republican party and charged the
present depression of business 70 repob-
lean legislation.
Before Mr.. simpson had concluded.
the house al o'cicek took recess until
) o'clock.
Favored frec silver.
There were about twenty five mem
hers present whan the house met at
) O'Clock after the recess
Mr. Simpson. resuming his remarks.
denounced the gold standard and pre-
d.cted that such standard would pro-
dace a revolution that would shake the
government - ia very foundation He
vas opposed - compromise on any ratio.
C0mproraiscs we're dangerous. The
naeulbcrs "a tho sguth and west would
nj stoop down % ary aristocracy aud
especially they would not sfoop down TO
= m0nieel srist0cracyi.
Mr.. Morgan advocated the tree coin
age 4 silver.
Nr. Iaiocrt appeslsd g. the represen-
tatiEes q ths peupie 30 lay aside all
party politics add 20 act a. onk Tor the
benefif of the country he appealed 90
them O. give 20 iho people tho Tree coin.
AZ "a silver Tie was reakiy "a stl1.l ~
the free coinage ftntk ~ tbe Chjtago
= itf0rm ~ he was ready - sfahd 81
every plank q the platform upoa which
be ba.i been elected The sherman act
rss a makeshitf. bat u wss quinine
ptll that would do god temporarily. but
souid nos be q any permanent benefit.
Al the conclusion x Mr. Ijlhert's r..
marks The house at lOsi5 ,. n al