The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-31

Woulu nave pe0n the consequences "a
the country from the great depressing
facts have mentioned? Still, to give
the devil his due, the law of 1890 may
have many faults, but stand by 1t yet,
and will defend it, pot as o measure
OF good public policy, not aS Q
measure in which take any pride
(because l was yielding to dire
necessity,) but because without II we
would have met difficulties in 1891 and
1892 which would have staggered US
much more than the passing breeze Of
the hour, ! am not blind in regard to
the operations of the law OF 1890. Long
before our Democratic friends ever
thought OF providing any measure oi
relief l proposed relief in bill which
introduced in almost the same words
as the bill OF the senator from Indiana
(Mr. Voorhees). But did our friends
on the other aide see the danger then
and help us to suspend the operation ol
the law Of 1890? They cannot answer
that question.
The President in the midst Of the
panic appeals to us to repeal this law
and he will not make this appeal to me
in vain. 1 have no sympathy with him
politically but believe that in this
matter he ia right and it is my duty to
respond to his call l will cooperate in
any measure that will tend to maintain
the harmonious use OF silver and gold
as standards OF value.
sEYD DEFENDED.
AT this point Of his speech, Mr.. sher-
man deviated from the direct path oil
his argument to reply to and clear away
all the charges and aspersions made by
senators and others in connection with
what is called the act demonetizing sill
yer In 1873; and he confessed to some
annoyance ut the statement made the
other day by Mr.. Voorhees, that the
action OF those who had managed that
legislation had been atealthy and
treacherous.
Mr.. Voorhees, declared that nothing
could be farther from his purpose and
intention than to say an unkind or dis
respectful word about the senator from
Ohio. That senator was not in his
mind at all when he uttered those
words. But as they were disagreeable
or offensive to him, he expressed his re.
gret at having uttered them and de-
clared himself incapable Of inhicting
afront on any gentlemen in the senate
or elsewhere.
Mr.. Sherman said that certainly he
did not desire to say anything more on
the matter, being entirely satisfied. He
reviewed, however the legislation oi
1873 and denounced the manner in
which Ernst Seyd, the English econo-
mist, had been denounced in connec.
ton with the matter. Seyd played NO
part in that legislation. The statement
was infamously false that seyd or any
one else paid 100000 to congress to
secure the demonetization of silver. II
was infamous that the charge should
be so fraudulently made that public
men had been bribed into passing the
bill of 1878. Hereafter" said Mr..
Sherman, "when any man makes such
a statement about this legislation ]
shall simply say that it is q falsehood
and brand II so. "
"Itis strange" said Mr. Sherman,
"that on the vote on this bill the dis.
tinguished senator from Nevada (Mr.
stewartl voted for it, and l, ita devil
fish," voted against it"
This last remark was in reply to an
epithet applied to Mr.. Sherman during
the debate in the house last week.
Senator Stewart retorted in due time
he would explain how he came to vote
for the bill.
"There was nothing surreptitious
about 1t" said Mr.. Sherman, with much
warmth, "and no fact can be proven
more clearly The statement so often
made to Che contrary is false and liej
care not by whom made"
1t was sometimes said that General
Grant knew nothing Of this demonetiza-
tion, continued Mr.. Sherman. What
OF it7 General Grant was not q
fnancier, but his secretary OF the treas
ury wrote report urging the passage
Of such bill. In the face OF such q
report how could members of Congress
plead ignorance2 He would rather
stand here and say he voted knowingly
and understRndingly than shirk re.
sponsibllity by pleading the baby act.
STEWARDS RECORD READ.
He quoted from speeches made by
Mr.. Stewart in the senate in 1878 and
1874 in these words:
"I want the standard gold, and no
paper money that 1t is not redeemable
in gold. BY this process we shall come
to q specie basis. and when the laborer
shall receive his dollar 1t will have the
same purchasing power Of q dollar
Gold is the universal standard Of the
world. Everybody knows that"
The reading OF these quotations show.
ing such q remarkable change Of opin.
ion on the part Of Mr.. Stewart pro.
yoked general laughter at the expense
Of that senator, who looked somewhat
bewilderOd, but only stroked his long
beard. Subsequently, he promised q
reply. Mr.. Sherman followed up his
advantage over the Nevada senator by
exhibiting o. newspaper published In
that state, one whole side OF which was
occupied with notices OF assessments on
silver mining stock, "all payable In
United statos gold coin"
Then he came back to the main sub.
iect Of his speech and said; do moi
think that the Btoppage OF silver coin
ago was tho ond Of silver. We have
proven that tho mere purchase OF silver
by tho United States on a declining
market Is an improvldent use Of the
public money and ought to DO aban'
doned or at least suspended, until q
timo may como whom by an interna
tlonal agreement or by some provision
OF law We may guard against the posi-
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