The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-08-24
FIFTY THIRD CONGRESS.
sP0UTING AWAY ON FINANCE TO EMP.
TY CHAIRS AND GALLERIES.
McCreary Of Kentucky Gets Himself in the
the Congressional Record, IS Do Catch
ings, Livingston, Richards and
Clark-Treasury Appointments.
HOUSE.

WASHINGTON, Aug. 19.-The silver
debate was resumed Immediately after
the reading of the Journal, and Mr.. Nc
Creary Dem. KY took the floor in adj
vocacy of the purchasing clause of the
Sherman law. The purchasing clause
of the bill should be repealed uncon-
ditionally and let the free coinage
bills stand on their own merits. The
Wilson bill did not demonetize silver
or strike down the double standard.
He, (McCreary) was here as a friend
of silver, and not as an enemy. He
was in favor of international BIZ
metalism. He was in favor
of the repeal of the Sherman act,
because such action would be the best
thing that could be done to help an
international agreement. The only
path to free coinage was through an
International agreement and the only
way to reach that path was to repeal;
he had no sympathy with those who
now desired to change the ratio from
16 to 20 to l. To change the ratio was
to strike down and destroy every
prospect of an international agree
ment. 10 change the ratio would be
to discredit every dollar of silver in
tx United States. The first duty OF
congress was withouG delay to repeal
the purchasing clause of the Sher-
man act; the second to let
free coinage alone for the
present; its third duty was to stand
by the patriotic president in his efforts
to az vance the prosperity of the peo-
pJ and the welfare of the nation.
A-r. Catchings (Dem.) said he would
vote for the repeal OF the purchase
clause of the Sherman act and would
vote against any proposition directly
or indirectly to effect the free coinage
of silver in this country at this time
at any ratio that could be suggested.
He had come to this determination
after careful consideration. If we
threw our mints open to free silver
would not the experience of India be
repeated in this country, and
would not there be repeated here
fall in the value.of the silver dollar.
The United States was the greatest
nation on the face of the globe and
contained the proudest people. Every
man who took a silver dollar today
knew it would be redeemed even II
the government had to issue bonds to
draw gold from other countries. Sill
yer dollars were obligations of the
government just as were greenbacks.
THE reason the world did not take
silver was because the world did not
want it except in limited quantities.
He was in favor of the repeal of the
purchasing clause of the Sherman act
because it would tend to restore con-
and say it would restore con-
fidence and the STOCK o.
money thai had been boarded up. lie
commended that it was absolutely I'M
possible for this country, single
handed and alone, to drag down the
price of gold and enhance the price o.
silver. -.
sentiments expressed by Mr.. Catch
ings that in considering the question
representatives should rise above
marty. He denied that the furchas'
mo clause was responsible for the
present trouble. The gentleman
from Kentucky (Mr. McCreary
had spoken in favor o.
an international monetary con
ference. Why not have an Interstate
monetary conference He would hal
with delight a proposition that tne
Governor and treasurer of every state
6e called together in Washington
there TO discuss what was good for the
Uni ed States: . ~ A.,
Mr., Richards (Ohio) believed The
nresident was right in attri6uting tc
the purchasing clause of the Sherman
Hill the present business depression
a recess was taken until 8 O'Clock.
"A A 3ter recess, to a crowded gallery
bnt very small attendance on thu
floor. Mr.. Curtis rep, Kan.), SPOKE
in support of the Wilson bill, out IN
conservative manner.
Mr.. Broderick rep, Kan spoa'
in favor of bimetalism and prosperity
which terms he regarded as synouv
nous. ~ oddrosse,
Mr.. Clark dem, Mo- addresses
the house in favor OF free coinaEe y
silver. ,,rx,rs
tis stated at the treasury depart