Weekly expositor. (Brockway Centre, Mich.) 1882-1894, 1893-09-01
CONGRESSIONAL NEWS.

sESArE-seyenteenth day-"I am n pl-
metallist' said senator David b. Hill in
opening his speech which was listened 10 by
large and Interested audience on the moor
Smd IN he tSo cd9n arTaigned ta9
street In particular for preclpltating the
country Into the present crisis by attacking
its credit and con SANITY proclaimtng disas-
ter until the panic wave, they had started,
threatened 10 engulf Is creators. lie said
he was for the repeal OF the sherman law
long before the present administration
came into power and that no would vote for
the bill for repeal "unaWed by power aud
interrupted by federal patronage APP
plause greeted Nr. Hill conclusion and IL
was some time before the ice-President
could restore decOrum. The House Joint
resolution for the opening or the Cherokee
municatiOn from the director OF tho u. $
mint giving figures which showed that sec
rotary of the Treasury Carlisle had mislead
the public in his communication regarding
the cost OF making change in the metallic
ratios r. Vest s letter showed that IN
stead or the government being forced to BUY
a large amount OF extra silver the surplus
bullion In the treasury would supply the
deficiency between the ratios of IL 10 and
20 TO | and leave n ba ance of 33OOU,0O
ounces. or Slj,261.9o3 HOUSE,-Mr. Burrows
OF ichlgan, took the t'oor after n number
lie said that, although the sherman act
had disappointed its friends in It's
workings, IL vas not responsible for
the deplorable condition OF affairs
throughout the country, but it was the attj-
tude OF administration toward the indus
trial system OF the country and the fee ing
of uncertainty had only been augmented by
the assurance of the President that tariff
reform was only held In allegiance. +.
burrows announced that he would vote for
the repeal Several other Representative
delivered themselves OF their surplus
knowledge on the financial question. Ar.
Springer SAID he was in favor OF uncondi-
tional repeal
1SENATE.-FigNteenth day-No session.
HOUsE--The closing day OF tie financial de-
bate was an interesting one, ana the MOOR
and ga Ileries were filled with members AMI
spectators. Ar clark, q en- a. was the
trst speaker, and lie merely rehashed
previous arguments favoring the repeal OF
the purchase clause OF the sherman act.
EN-Speaker Thomas b. Reed rep. Me- was
next allotted the cor. Mr.. Reed received
the most thorough attention OF the
ises like the present there are
series OF upward starts and falls OF almost
proporlionate length which can re charact-
cried rs coincidence and "distrust. he
latter is the prevailing feeling OF the
country and while the rherman law Of $50
may be acknowledged as In part responsible
the attitude OF The Democratic party toH ard
the tariff system OF the country is respon-
sible for the stOppagc Of the thousands Of
mills NeNertneles' me ShSfnhh law ana
the accumulation OF silver In the treasury
were the earliest indications Of the APP
pro tching disaster. after Tearing down
hard on the | CmOcratic cOngrc - for their
evidenced lack OF "A feeling OF the RESPONSE
biltty OF their action both on tarln and
finance, y r. Reed passed TO the question OF
repeal. He would favor repeal, although
he did not believe IL would bring an imme-
date return OF prosperity. But ne would
vote for repeal because OF the feeling that
the sherman law was responsible for the
boarding OF currency by the people through
out the country. and by repeal only could
we hope TO control the worlds capital
which was the only way TO secure an up
ward turn in the country's business. IN
closing Mr.. Reed said tGat the Republican
party had ever been the party OF sound
finance. and now when the country
was In danger they would come 10 the relief
OF the Democrats, not in res Onse TO the APP
peal of the executive but because of their
patriotism. and when the day came, as IL
soon would come, that the Republican . rtY
would le I the land back To the paths OF
proSperit, ana fame. H. would take back
with it It's glory, undimmed by adversely;
it, honor unsullied ~ defeat. As r. eed
concluded loud and long continued applause
burst out from the republican side OF the
chamber and fium { g galleries, ana even
the Democrats an unwonted spectacle
contributed their share of applause. Mr.;
In half hour speech against the repeal and
In favor of free coinage lie scored Secre-
tory of the Treasury Carlisle for his stand.
MIR BourEe Cochran Dem, \. w denied
that the Democrat e platform declared Tor
free silver, the mem ers from Colorado and
Nevada 10 the contrary, Notwithstanding
lie contended that gold and silver had
never circulated side by side at any ratio;
IL was impossible In view OF the constant
fluctuations or the two metals Tor them TO
do so Ar Cochran said the debasement OF
the coin proposed would have the result OF
reducing debts TO the amount OF - per
cent. The gentleman from Nebraska MIR.
Bryan assumed that the loss would fall on
the banks But the fact was that in the
very nature of things the banks and cor
porations are the debtors Of the country
and the workinCmen are the creditors. r.
Cochran denied that gold had appreciated
In value. The trouble In this country VAS
not In the lack OF mon but In the lack of
redun, ncy Of money. These periods of
depression were due TO an extension either
OF the currency or of credit beyond the
capacity of business TO support. T.
Bland 5 proposition to give 57la4 grains OF
silver for GOllz would be called robbery IL
Il related TO wheat or corn. Gentlemen
country members as though their interests
were hostile To the interests OF the cities.
The Interests of the city, can never be
existence of great municipal wealth is based
upon the productive powers of the laborers
of the LAM who toll in the fields ana who
dig in the bitches. There has never yet
come time In this countrys history when
any attempt to make u sectional feeling has
resulted in the profit OF anybody l prize
the citizenship OF this country not because
IL embraces New York alone. b because it.
embraces Nebraska and Missouri and every
section and each OF the territories which j.
comprised within this country. Mr.. BLAND.
NO, criticised Mr. Cockrans arguments as
the dogr!atic utterances made In face OF his.
tory. What, with corner In the gold OF
the wosid, could the farmer and laborer do
but be forced TO pay the price Of
gold men for their gold He would
be willing to repeal the Sherman
law IL he could put in its place provision
for free coinage at ratio OF IL TO /. lie
saw no reason whatever for changing the
existing ratio of Ii TO |. The production OF
gold ana silver for the last hundred years
had been at the ratio OF about 1j1s to l. and
that was the ratiI of the silver coinage OF
the dinerent nations OF the world. A though
the Sherman act was not entirely to his like
ing. IL had placed in circulation about
siO.0000O0 in greenbacks. lie said that ex-
traordinary pressure as being brought to
bear upon southern and we~tern Repre-
sentatiVes by New ork bankers, and banks
In those sections were being purposely
weakened 10 influence the Representatives.
To maintain gold standard meant to de-
monetize silver and to lower TIE prices of
labor. He had No, advocated the sherman
law. He had voted against IL, but 10 was
now the lass bulwark OF silver IL was now
proposed TO demonetiEc ,ilver. To strl q
down silver would mean n political revolu-
tion that would str.ke down both great
political parties For one, he was willing TO
Join the people, even though Democ acy
would have TO 10 to the wall. 'r. McMillin,
dem. Tenn said he would stand To main