Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1893-08-27
III Congress-.

In the Sen1to yesterday, Voorhees,,
OF lndiara, spoke at length in favor
OF his bill to repsal the purchase
clause OF the Sherman net. He said:
III the true greatness Of the coun-
try was studied, it would DO seen that
financial panics and alarms could
have no foundation here. There was
another exceedingly paweriul test OF
the governments credit; money was
simply medium for the exchange OF
values; money was u creature, and
Congress it's creator. God, and it's
alleged intrinsic value, went for
naught rs n circulating melium, un-
less the coin bore the stamp OF the
government; the same official STAMP
on sisrer or paper ut once enuobled
them with the same quality with gold
III thoir purchasing power, no matter
how debase or yalIeless the material
may havo become ns commodities by
sinister or Unwise legislation. There
were nine different currencies used in
tho transaction Of business in this
country which were uniform in the
purchasing and debt paying power as
to make ihem interchangeable. Never
but once had these currencies been
discredited by the government and
that may never happen again. 1t
was the duty Of tho government TO
furnish n sound, reliable, constitu-
tional money for the people. We are
now confronted by n law with out a
precedent or parallel in the American
history-a law which had resulted in
financial panic, alarm and distress,
and for whose repeal Congress had
been convened. lie characterized it
as compromise born in an evil hour
tho worst and darkest that ever bef.Il
the cause OF DiuIetallism or the honor
and exiBtonce OF silver money. He
characterized it as u Republican meas
ure TO induce producers OF silver TO
surrender their rights for free coinage.
lis creators now stood ready to loave
their Victims OF misplaced confidence
empty handed, without the privilege
OF coming their silver or selling it rs II
commodity to the government. Silver
degraded 70 commodity could no
longer hold it's place with gold rs n
part OF the specie busis OF this country,
and was now reeling und staggering
under the blow, until it's enemies pre-
dicted with JOY its speedy destruction.
lilo congratulated the Democracy that
not single Democratic vote hud boon
cast IN favor OF tho act. AS bimot-
allist no voted against the passage OF
the Sherman act and for tho same
reason he would now yoto for it's 70
peal"
Ho defended tho President from the
charge OF insincerity in connection
with tho silver plank OF tho Chicago
platform, pnid high tribute to So
retary Carlisle aud urged as ;hs :. /,
cossity OF financial legislation the fol-
lowing;
First-Thnt which would furnish
q sufficient volume Of currency on G
practically specie basis guaranteed
by tho public honor.
Second-ro deprive indlvi duals
corporations or eyndIcntes OF tn,
powor TO cause fluctualion in the
amount OF different cGrroncics in cir
culution.
| rhird-To maintain ON O parity
gold, silvor and paper money.
| Fourtb---To settle tho status OF oil
yer money by authorizing IL to form
portion of tho spocio busis required
by tho constitution for chartered
banks.
Fifth--To overthrow the dangorou,
centrnlization Of tho money power
now existing ut tho two money con
tros in the hands OF few Individual
by giving tho people Of the State tn,
right OF hono rule on tho subject d
money, thus securing them homo cir
oulation.
TO these fivo propositions he nddet
n carefully adjusted nnd graded in.
como tax rs tho most equitable and
upright measure for providing gov
ernment revenue.