Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-08-31
THE SILVER DEBATE.

THE SILVER DEBATE.
The General Drift Of Argument On ths
silver Qaestlon In Conereas Gathered
from tho Daily speechmaking On tho
Subject
WASHINGTON. Aug. 2l.-AmOng the ngmer~
ous petitions presented III the senate this
morning was one remarkable specimen Is 70
orthegraphy, writing and ideas which was pre-
scented by Mr.. PETER (pop Kan.). Il gives the
views Of some Of the agrfculturdst and labor
ing classes Of neighborhood in Illinois on
the subject OF finances. Il was referred, -
are all tho others on the same subject. 70 the
committee on finance Mr.. Pener Also offered
. substitute for the bill to increase the national
bank circulation.
The finance committee bin reported last
Friday. discontinuing tho purchase Of silver
bullion. was then taken up 30 as to AFFORD Mr..
ing the senate on the bill He first. however,
asked and obtained indefinite leave OF alb
sence. remarxing that he was in the senate
chamber to-day against the advice OF his ply
stefan He then proceeded to read from slips
his speech bearing the motto: Sound Money
Cheats Nobody"
HOUSE
(rep., va took the floor in support OF the re-
peal Of the purchasing clause OF the Sherman
act. He referred to the Chicago platform and
to the Interpretation placed upon 1t by various
democrats. The gentleman from Pennsyl-
vania. Mr.. Sibley, had referred the to Saviour
Of mankind as the first democrat and had taken
the utterances Of the Saviour rs his platform.
The gentleman from Massachusetts,, Mr..
Everett. had taken Grover Cleveland as his
platform and had gone around his district sing
ing at the top of his voice. ''oh, Isn't he
Dandy?"
Mr.. Powers went on TO argue that the pur-
chasing clanse1Ot the Sherman bill was vicious
In principle aud dangerous In application.
Mr.. Cooper dem, Ind.) spoke in opposition
to tho free coinage Of silver. He would rather
favor policy which would give the country q
safe, recognized stable currency than enter
upon experiments at this time. II congress
repealedsjtA purchasing clause 1t would not
would lift up silver and make 1t the equal Of
gold. Irwould strike down the silver industry
but not the silver money. He then argued In
support of the proposition to repeal the tax on
state banks.
WASHINGTON. Aug 22.-Mr. Alien pop.
Neb) gave notice of an amendment which he
would offer to the bill reported by Mr.. Vo0r-
hees, disseminating the purchase Of silver bull
lion. A
Mr.. voorhees, dem, Ind.), chairman Of the
finance committee, then Mt 1925 p. m. took the
floor and addressed the senate in advocacy Of
the bill reported by him disseminating the pur-
chase of silver bullion.
In the course Of his remarks Senator voor-
hees said that while the calm unbiased pub
lie opinion OF great majority of the
American people. irrespective Of parties,
had justified the action OF the president in
converting the extra session, the causes for the
xvfd
stood. and by certain classes purposely mis-
represented Therefore, he deemed fitting a
few words In explanation spoken In no spirit
Of strife or controversy. For five months had
gone up the voice OF the prophet OF financial
evil; from the great money centers had
emanated cruel edicts contracting currency
and resulting in panic. No one believed there
was want Of confidence in the government
credit or in the stability Of its currency. Not
withstanding the empty treasury left by the
last administration and the record of q billion
dollar congress, the credit OF the government
was to-day better than that OF any country ON
the face Of the globe, and even cowardly capital
lists seized upon our bonds with swift greed.
There were many reasons why our credit
should be stronger now than ever before. 1t
rested upon the absolute unity OF purpose OF
the American people that 1t should be upheld.
No one but o political mailman could deem o
political contest ever again possible on lines
of sectional animosity. The public credit of
every European government was increasingly
threatened by shadows of coming war; fnan-
cial resources there were constantly weaken
ing by vast standing armies and permanent
navies but throughout the wide earth there
were none to modest us or make us afraid OF
war or rumors OF war.
Mr.. voorhees, said that he spoke in no parti-
san vein, but yet it was with great satisfaction
vote on his side of the chamber was cast for
the act which bore the name Of the senator
from Ohio to such peculiar eminence.
Mr.. Palmer dem nl.) argued in support OF
the bill. He expressed the opinion that the
great majority OF the American people would
not only approve but would rapturously ap-
plaud legislation that would establish and
maintain the bimetallism Of the Chicago con-
vention He believed. however. that in the
present state of the market 1t would be beyond
the power Of any finite mind to FIX the ratio OF
silver to gold, because the market value OF
silver was in . state Of chronic ductuation.
The present ratio should be adhered to, the
Sherman law repealed. and the use of silver
coin encouraged by judicious laws.
Mr.. Stewart rep. New was the first senator
to take the door, and he set out to antagonize
some Of the positions taken in Mr.. Voorhees,
speech. He compared the position OF the In
diana senator to that OF Missouri jury which,
In q decision in q fugitive slave case before the
war, was said to have given the Law to the
north and the negro to the south.
HOUSE
The silver debate was resumed and Mr..
Brickner tdem., Wis., addressed the house in
favor OF the repeal Of the purchasing claus e.
Mr.. Lane dem. Ill spoke IN support OF free
coinage. contending that q silver dollar was
the equal Of the gold dollar. A silver dollar
was worth one hundred cents in any bank. or
in any store in this country. He was praying
for free coinage and might God forget him IL
he forgot his duty. [Applause.]
Mr.. Bynum dem, INDY In advocating the
Wilson BILL said that unquestionably the vast
majority OF people believed that the Sherman
law was responsible for the evils of the pres
losing more than 100000 a year. Gold was
being exported in large sums. He highly eulo-
gized the action of Secretary Carlisle for his
refusal to issue bonds. The time had come
when snbterfuges should be driven from these
halls and confidence restored Il was said that
silver had appreciably fallen in value during
the past twenty years because during that time
it had been under fire. There might be some
truth in. that assertion. The United States
could not open its mint to free coinage at any
ratioi WftAthe mints OF all the other civilized
nations closed against it
SENATE.
WASHINGTON. Aug. 23-Mr. Pascoe dem.
Fla) gave notice of his substitute to Mr.yest's
minority bill for silver coinage at the rate OF %
toll.
Mr. Hoar (rep., Msss} made an argument
against Mr.. Buffers amendment to the ma
tional bank circulation act, repeating tas 10
per cent. tax on state bank circulation. He
said he was opposed to allowing the state
banks issuing and furnishing currency. The
people were entitled to have, a currency, every
dollar OF which should be equal to every other,
and which should be unchanging in value SO far
IS the wit OF man could bring that to pass The
CHI Md no t1,o F,,,,