New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-02
TEDCEEDINGS IL TIE SENATE
4nE HOUSE ErrrNL BILL FAIRLY UNDER WAY
Mr. VANCES SPEECH

1IU HOUSE EFPTNL BILL FAIRLY UNDER WAY
Mr. VANCE's SPEECH
v,ebinc,on Sent THE House bill 10 repeal
the purchasing clauses Of the sherman act got
fairly under way to-day in the senate IL was
taken w carly Ia IT," morning hour In order 10 give
an opportunity to Mr.. Vance. OF North Carolina 10
make a speech against 1t. MIR Nanc" ~ on" OF
tho Democratic minority members OF the Finance
Committee and for an hour and forty minutes
h. kept his batteries OF Wit. humor ana sarcasm
playing upon the measure and upon the members
Of his own party who support and advocate II.
when ne cot through his entertaining speech an
effort was made to simplify 'he further parlih-
m.ntarv line OF proceeding in the consideration or
IN. bill b. having the committees SUBSTITUTE
adopted pro forma. 80 that all amendments 10 DE-
offered might be amendments in the hrst "rsfee
instead OF the second degree. when would 'ehu 10
smooth and simplify matters
That proposition did not however. suit the ideas
or ulans OF MIR Cockre Dem. MOI who OBJ
,ected 10 It. and IT Required unanimous con-
.or, I, failed Of course, TO be adopted
From, that point on 10 the point OF going into
executive session confused rambling colioduy
vas carried on between Mr.. Cockrell ana some
penubIican Senators involving the question Of ad-
beson TO- or reputation OF. the Chicago Demo
cratic platform. The discussion was not ended
,,ben adjournment took place until tomorrow.
Mr. Vance began his speech with the statement
that the great law OF supply and demand operated
I'm regard To money Just IL did to everything
else. when money was abundant. prices were nigh;
when II was scarce the prices OF all products were
low Therefore, he that increased the abundance or
money benefited production and enhanced prices
and wages and he that contracted on diminished
the amount Of this money deprecated everything
that is for sale. including wages. though by rca-
son Of combinations and defensive measures In
many parts Of the world wages are aCected less
than products The effect upon IN" condition or
mankind which would follow the destruction OF
onc-half OF the currency of the world amounting
I'm the aggregate to $50 Go.OW-it " J be I'M
POSSIBLE accurately to describe
The discussion of this question. Mr. Nanc" said.
was narrowe, by the fact that all parties pro-
fess bimot asm and have declared for the use
of both gold and silver in their platforms The
conditions attached to these professions OF BIZ
metallism are, Mr.. Vance said, 80 various that
Il could hardly be conceived that all were acting IN
good faith With all the grave pledges Of their
party platform, State and National, staring them
In the face. Senators clamored all the lercef
and all the louder that the only to save silver
WAS repeal the law on the statute books
which gives IT life. In the presence Of position
defiant of logic and Of fact, ii was hard to speak
plainly without appearing to Violate those courte-
sizes which wer. demanded by feelings of personal
respect and regard for each other.
MIR. Vance said ne believed in the promises sol