The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-08-26
TIED GREAT silver DEBATE.
It Will Be Closed in the House
Today.
SPRINGER FAYORS REPEAL
An UnpEeasantness Occurs Between
Burrows and Bland.
Jerry Simpson Attempts 10 Obtain IMAM
imous Consent for the Consideration
of Resolution OF Investigation,
But is Ruled Out of Order.

WASHINGTON, Aug. 25.--The first I'M
pleasantness over the silver debate in the
House occurred this morning, when Mr..
Burrows f Michigan asked for an extern
sion of his time TO forty minutes. Mr..
Bland Of Missouri objected to this, but
after some debate the speaker acceded to
the request.
The speaker appointed a committee to
represent the House at the proceedings Of
the one hundredth anniversary of laying
the corner stone of The Capitol.
The second day of the minute de-
bate on the silver bill then began, and
Messrs- Pendleton of Texas and Bowers
OF California spoke in favor of free coin
age.
Messrs. Dockery of Missouri and Moon
of Michigan spoke for bimetallism and
Cobb of Alabama opposed unconditional
repeal.
Mr.. Burrows of Michigan advocated
repeal and opposed free coinage. He laid
the blame for the present financial dis
tress at the door of the Democratic party,
saying the financial distrust was the re-
suit of the fears Of manufacturers regard
ing tariff legislation. He contrasCed the
condition OF the country as shown in
President Harrison S last message and in
IColQCub O1cN6lauQ 1uCocdEC W b&C
extra session.
Mr.. Marsh of Illinois opposed the Will
son bill and favored flee coinage.
MIR. Compton of Maryland spoke for
unconditional repeal.
Mr.. Money of Mississippi was against
repeal.
MIR. Durborrow of Illinois favored re-
peal. He was followed By Mr.. Springer.
MIR. Springer began with a review of
financial conditions, and set firth the
duties which lay on Congress to apply
remedy. He declared the three leading
controlling causes Of the present condI
lions, the tariff legislation since the war,
the demonstration of silver in 1873 and
silver purchases under the authority of
the Sherman act. Treasury rulings in
regard to silver certificates Issued for
silver bullion purchased made this re-
deemable in gold, as this was the only
way in which the government could
make good its pledge to maintain the
parity OF gold and silver. In fact the
silver bullion held as collateral for the
redemption of silver certificates added
nothing to their face value. That value
depended on the pledge of the maintain
ance Of the parity OF gold and the fact
that the certificates were full legal tender.
The demonstration of silver in 1873
did not destroy silver as much as the
Sherman act. In sixteen years from its
passage silver deprecated "a 40 per cent
In three years since the passage OF the
Sherman act, it had fallen % per cent.
The speaker continued, stating that the
president had called Congress in extra
session for the sole purpose of repeating
the purchasing clause of the Sherman
act. Would Congress refuse to comply
with this universal demand till an agree
ment had been made to do something on
some other matter? 1t was just as reason
able to demand that the tariff bill oe iu-
IL -. L. r. /. II - IL
Sherman act, as the reconciliation OF
silver.
The reconciliation of silver in this
country at a ratio of 16 To l would either
bring the nation down to gold standard
or advance the price Of silver bullion to
the coinage value of the silver dollar. If
the former, it would result in a finan-
cial crisis. compared with which the
present depression would be as zephyr
to a cyclone. Hundreds of millions of
foreign capital invested in this country
would be withdrawn, our credit destroyed
and we sink to the condition of Mexico,
India, China; we would be thrown out
of harmony with the great commercial
powers which buy nearly eight hundred
million dollars worth OF our products.
There is no ground for the declaration
that unless free coinage is incorporated
in this measure. silver will be deserted
alike by Congress and the President. The
Presidents record is not to Justify the
belief that he Will prove false 30 his
pledges. The speaker believed the Presi-
dent and Senate alike would join in keep
ing the pledges to the people to adopt such
measure as will Justify the expectations
or the American people.
Mr.. Sickles of New York spoke for IN
conditional repeal,
The rules of the House were reported by
Mr.. Catchings, and without being read
they were ordered printed.
Mr.. Taylor of Indiana spoke for bimet-
allism.
Mr.. Breckenridge of Arkansas referred
to the existing stringency and alarm In
the country. He would vote for q repeal
of the purchasing clause OF the Sherman
act.
Mr.. McRae believed the parity of gold
and silver could be maintained by judi
cious legislation and attributed the present
depression TO the evils OF the Mckinley
tariff law.
Mr.. Deliver advocated the Wilson bill.
Under present circumstances he would
not dare vote for any experiment such as
was proposed in the Bland amendments,
but he did not believe the Sherman act
was the cause Of the trouble now around
US. He assigned that trouble to distrust
in industrial minis; that under Demo-
cratic rule an industrial revolution was at
hand. While he had little confidence in
the remedy proposed, he was not willing
TO deprive the business community of
such consolation as might come to it from
an application of the faith cure. lap
plause.
Mr.. Sipe favored q repeal, and Mr..
Richardson of Tennessee, advocated free
coinage at any ratio.
Mr.. Simpson of Kansas, asked unani-
nous consent for consideration of a reso-
lution authorizing the speaker to ap-
point a committee OF five members to in
vestigate the allegation that certain banks
We're not paying their checks and to en-
ouire into the conduct Of Secretary Car
Isle ana Comptroller Eckels in the prem
ises. The speaker ruled the resolution
not in order and the House took recess
until O'Clock. Debate on the silver
: question viii close in the House to-
morrow.
At the evening session Mr.. Hermann,
Republican. Of Oregon, spoke against the
Wilson bill and in favor of free coinage
Messrs. Silver and Branch of North Caro-
lima followed in the same line. Mr.. By
mum. Democrat, of Indiana, then took
the floor and replied to Mr.. Pence s
speech of yesterday. Mr.. Bynun said
Pence had turned his hack upon the
Democratic party, not for the sake of
getting s'pie,'' but for the purpose of
eating crow. He quoted from a speech
made By Pence. going back. as he
charged, upon Democratic principles.
Mr. Pence retorted that when he made
those remarke be was as sober as a judge.
Mr.. Bynnm rose to question Of per-
sonal privilege. and said that yesterday
he jocnlarly made remark which might
have been construed as meaning that he
had been entertained in q manner that un-