The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-08-17
FIFTY-THIRD CONGRESS.
COLoRADo,s PoPULIsT SENATOR SPREAD
HIMSELF ON SILVER.
he Declared That the Sherman Law Was
Not the Cause Of the Present Financial
Depression-Gos vennor Upheld the
Presidents Financial Views,
SENATE.

"noANOANNS aug 1o' Ahc Ieoo-
luton offered Tuesday by Senator
Lodge Republican, of Massachusetts,
directing the committee on Finance to
report at once bill to repeal the pur-
chasing clauses of the Sherman act
and that the vote be taken on such re-
peal Tuesday the 22d inst, was laid
before the senate at2 o'clock and Sen
ator Lodge made an argument in adj
vocacy of it.
Sdnator Wolcott (Populist) of Colo
RADIO replied to Senator Lodge. He
agreed with Senator Lodge that this
was not party question. In order,
however, that the repeal of the exist
ing law should bring relief it would be
necessary to show that it had inflicted
injury. He had yet to hear single
intelligent man state on his conscience
that he believed the Sherman
act had wrought the injury under
which the country was now suffering.
The only tangible statement that he
(Wolcott) could get as to the injury
wrought by the Sherman act was that
there was lack of confidence in Eu-
rope. but he did not find that state
ment borne out by the facts. The
present existing financial panic had
come partly because of European
losses in South America and Australia,
partly because Russia and Austria
were buying gold and partly because
the United States had purchased more
goods abroad than she had sold
abroad. All the causes were utterly
independent of and irrespective of sill
yer and the Sherman act.
At the close of Senator Wolcott's
speech Senator Lodges resolution
was laid aside without action, and
Senator Hoar addressed the senate on
Senator Vests resolution as to hi met
allism. Senator Hoar severely crti-
cised the members who thrust their
own judgment into debate on the fl
nancial question against that of men
of their own party who are the recog-
nized leaders on such subjects. He
| oOtIICu OL1O Wlul 10 ullO hlul1Cco vi UuO
country had been for good while the
speaking of the relations of parties in
the present crisis the senator said:
I'VE may differ in opinion as to che
responsibility but hope we may find
substantial agreement as to the
cure. If l can find an opportunity to
help save the ship
xuLotIa,
or a Republican is in command.
Whatever errors Cleveland or those
who follow him have committed in the
past, whatever purposes they have for
the future, am willing to act with
them in the present if by 30 doing l
can help restore my country to the
safety and prosperity she enjoyed up
to March 4, $685." Senator Hoar then
proceeded to argue that it was impos-
sible for the United States to main
tain a standard of value in separation
or isolation from the rest of the civil
lied world.
After the close of Senator Hoar's
speech, after unimportant discussion
and an executive session, the senate
adjourned.
HOUSE.
WASHINGTON, Aug. 15.-Mr. Blanch-
ard. in speaking of free silver, review
ed the silver legislation of the country
and quoted from both Democratic and
Republican platforms and expressed
the opinion that if the Republican
platform meant anything no 20 Re-
publicans would vote for the Wilson
bill. If the friends of silver yielded to
the demands of the gold people they
yielded that which nothing but revo-
luton could regain. The United States
had reached the point in wealth, pros
perity and industry that could afford
to lead and not follow. Applause.
The country had declared political lib.
erty in 1776. Could it not now pro-
claim financial liberty? He who
would be free himself must strike the
blow. Applause.
Mr.. Grosvenor Republican, of Ohio,
said it was to be regretted that the
president in his message had not been
so void of partisanship as he asked the
two houses to be. 1t was unfortunate
that the executive of the country
looked forward to condition which
portends violent opposition to his
views, and had seen fit to first appeal
anu plOCioAht
to the people that the present peril of
the country grew out of legislation of
the Republican party. Referring to
the 10Th chapter of Leviticus he called
attention to the selection of the scape-
goat and said the Democratic party
could not select the Mckinley act as
a scapegoat, so it had devoted the
lamb to lord and sent the silver bill
into the wilderness. Naughter). The
difficulty in which the country now
found itself was attributable to the
fact that people feared the tinkering
with the protective tariff by the Dem
ocratic party.
Mr.. Hall spoke in favor of greater
volume of currency and of free coinage
of silver.
Mr.. Snodgrass could not vote for the
Wilson bill. 1t attacked but one sent
ence of the Sherman act and did not
carry out the intention of the Chicago
platform.
The house then adjourned.
HOW 1T WAS RECEIVED.
WASHINGTON, Aug. l5.-News of the
Behring sea decision was not received