The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-10-25

sentence. the declaratory provision OF the
bill as reported covers the point amply
and satisfactorily
Mr.. voorhees-''wnl the senator from
Missouri allow me a moment"
Mr.. Voorhees-'1 think I misunderstood
the senator from Alabama, as my mind
was engrossed with other points / may
say that j had intention OF answering
unkindly or discourteously anything the
senator from Alabama has said. see now
more clearly than l DID then the meaning
of the senator from Alabama.
The provision as it came from the house
land the faith and credit of the United
States are hereby pledged TO maintain the
parity OF the standard gold and silver coins
ratio or such other ratio as may be estab-
go TO show how much better is the de-
claratory provision In the substitute re
ported by the committee than that, Il Is
only necessary TO point out the fact that
the declaratory provision declares the pol
icy OF the government, 10 continue the
use of both gold and silver as standard
money, and coin both gold and silver into
money Of equal intrinsic and exchangeable
my object in changing the language of
the bill IL came from the house was to
have a pledge for the future use and COIN
age of both metals, according to the LAM
guage OF the Chicago platform, which
had before me at the time.
1.-THE clause from which the senator from
Alabama says the finance committee
backed down has no promise at all of
coming a silver dollar in the future. The
provision OF the house was simply that
the faith and credit of the United States
are hereby pledged 20 maintain the parity
of the standard gold and silver coins OF
the United States
Mr. Morgan-"How can that be done
without, coming silver dollars o,,s.ooo
now"
MIR. Morgan-"How can it be done with
Mr.. Voorhees-'aThey are in existence
now. ] repeat. There Is no promise Of
future coinage at all: There Is no provi-
house, but there is in the substitute pro-
posed by the committee. The bill as it
came from the house said:
. But this repeaI shall not impair or in
any manner affect the legal tender quail
ity OF standard silver dollars heretofore
coined
''The senator admits that language ought
to be stricken out. The same spirit was
In what followed
a. And the faith and credit of the United
States are hereby pledged TO maintain the
parity of the standard gold and silver
coins OF the United States
'That is, those now In existence
at the present legal ratio, or such other
ratio as may be established by law
I'VE struck that out, and declared for
the continued use Of both gold and silver,
and for the continued coinage OF both
metals at ratio which would make them
equal in purchasing power and for the
bushes interests Of the country. The de-
claratory provision which have explained
stricken out, and more faT-reaching. 1t
has large grasp upon the matter, which
the other lacks
II am very glad the senator from Ala
bama raised the question; did not catch
IL clearly at first / am glad, though, that
II has been raised, and now II will be seen
that the provision reported by the senate
committee embraces the future. and is
declaratory of purpose to continue to
coin and use gold and silver, while that
which was stricken out was simply a
decartion to maintain gold and silver
coins now in existence at a parity, without
one word being said about future coinage.