The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1893-09-01

SILVER OuEetiOu IN congress G8tHGTRG
from the Daily Speechmaklng ON the
Subject
WAsHISGToN. Aug a2.-Mr Allen (pop
Neb.j gave notice OF an amendment which he
would offer to the bill reported by Mr.. Voor-
hees, discontinuing the purchase of silver bull
lion.
Mr.. voorhees, (dem., Ind }, chairman of the
finance committee then at 1925 p. m, took the
floor and addressed the senate in advocacy of
the bill reported by him disseminating the pnr-
chase of silver bullion.
IN the course Of his remarks Senator Voor.
hees said that while the calm unbiased pub
lie opinion of a great majority of the
American people, irrespective of parties,
had justified the action of the president in
convening the extra session, the causes for the
action were widely and dangerously misunder-
stood and by certain classes purposely mis-
represented. Therefore, he deemed fitting a
few words in explanation spoken in no spirit
OF strife or controversy. For i've months had
gone up the voice of the prophet of financial
evil; from the great money centers had
emanated cruel edicts contracting currency
and resulting in panic. No one believed there
was want of confidence in the government
credit or in the stability of its currency. Not
withstanding the empty treasury left by the
last administration and the record of billion
dollar congress, the credit of the government
was tO-udy D0tBer bnan tnaJ OF any country on
the face of the globe. and even cowardly capital
lists seized upon our bonds with swift greed.
There were many reasons why our credit
should be stronger now than ever before. 1t
rested upon the absolute unity of purpose OF
the American people that it should be upheld
No one but political mailman could deem a
political contest ever again possible on lines
of sectional animosity. The public credit of
every European government was INCREASINGLY
threatened by shadows of coming war; fnan-
cial resources there were constantly weaken
ing by vast standing armies and permanent
navies, but throughout the wide earth there
were none to molest US or make us afraid of
war rumors of war
Mr.. Voorhees, said that he spoke in no parti-
san vein, but yet it was with great satisfaction
that he quoted from the Record that not single
vote on his side of the chamber was cast for
the act which bore the name of the senator
from Ohio to such peculiar eminence.
Mr.. Palmer (dem, ILL., argued in support of
the bill He expressed the opinion that the
great majority of the American people would
not only approve but would rapturously ap-
plaud legislation that would establish and
maintain the bimetallism OF the Chicago con-
HOUSE,
The silver debate was resumed and Mr.
Brickner (dem., Wis., addressed the house in
favor of the repeal of the purchasing clause.
Mr.. Lane (dem., ILL., spoke in support of free
coinage, contending that silver dollar was
the equal of the gold dollar. A silver dollar
was worth one hundred cents in any bank, or
in any store in this country. He was praying
for free coinage and might God forget him if
he forgot his duty. [Applause.]
Mr.. Bynum (dem., Ind), in advocating the
Wilson bill, said that unquestionably the vast
majority of people believed that the Sherman
law was responsible for the evils of the pres
ent time. BY this fall the government was
losing more than SO, 900 year. Gold was
boip fa7 in 10 n {rI1u
gized the action of Secretary Carlisle for his
refusal to issue bonds. The time had come
when subterfuges should be driven from these
halls and confidence restored. It was said that
silver had appreciably fallen in value during
the past twenty years because during that time
it had been under fire There might be some
truth in that assertion The United States
could not open it's mint to free coinage at any
ratio, with the miDts of all the other civilized
nations closed against it
SENATE
WASHINGTON, Aug. 23.-Mr. Pascoe (dem
F1a.) gave notice of his substitute to Mr.. Vests
minority bill for silver coinage at the rate of 20
to !.
Mr.. Hoar rep, Mass.) made argument
against Mr.. Buffers amendment to the ma
tional bank circulation act, repeating the 10
per cent. tax on state bank circulation. He
said he was opposed to allowing the state
banks issuing and furnishing currency. The
dollar of which should be equal to every other,
and which should be unchanging in value so far
as the wit OF man could bring that to pass The
currency should be national. It was the func-
tion of the national government to see that it
was provided. 1t never had been and never
would be provided by the states. He desired to
relieve the distress of the people by authoriz-
ing the use of national bank notes, which were
secure and safely guarded, and every dollar of
which would be as good as gold dollar in the
pockets of the people. and in view of the prob
able repeal OF the purcha sing clauses OF the
Sherman act, he also willing to take
measures in concert with other commercial
for restoring silver to its proper and
permanent place in the service of mankind.
HOUSE.
The debate was opened by c. w. Stone, Of
in favor of the repeal, and his
were ably seconded by his colleagues
Ryan, Fitch and Covert, who also
spoke against free-coinage.
Mr.. Hatch CMo.) argued against the Wilson
bill.
Messrs Coffeen CWyo) and Taylor (Tenn.)
both upheld the cause of silver and were rein
forced by Messrs. McGruder (Cal) and Bell
(Tex).
Mr.. Hicks Pa) closed the days debate in
favor of the repeal bill.
SENATE
WASHINGTON, Aug. ga rather amusing
scene took place in the senate chamber to-day
on the question as to whether Mr.. PETER (pop.,
Kas.) cor Mr.. Stewart (rep., Neb.) should have
the privilege of addressing the senate. Each
had given notice of his intention to speak yes
terday, and both had been crowded out by the
discussion on Mr.. PETERS resolution to the
national banks. The Kansas senator claimed
precedence because he had been the first to
give the notice, while the Nevada senator
insisted that that had nothing to do with the
question. and that as he had already been rec
ognized by the chair he was entitled to the
floor.
The vice e-president took that view Of the sit
nation, and recognized Mr.. Stewards right.
AS the latter then offered to yield to Mr.
PETER the vice-presldent treated that offer as
an abandonment of the floor and Immediately
recognized Mr.. PETER who thereupon began a
three-hours' speech on the silver question.
He was followed by Mr. Allen (pop, Neb)
who spoke for over an hour and half in sup
port of his amendment proposing to add to the
voorhees, bill a proviso for the free and un-
limited coinage of silver at the ratio of 16 to l.
HOUSE
This was field day in the house. Mr..
Pence the populist member from Colorado,
spoke and strengthened his position as one of
he rising men Of the house.
A speech by Mr.. Dingley was the feature of
he day, but his poor delivery detracted ma
terially from the able presentation of his sub
ect.
Mr. Kemp pop, Neb) was in favor of re-
coinage and contended that If the president
md secretary of the treasury had performed
heir duty there would have been no encroach-
ng on the reserve.
Then the floor was taken by George Wash
ngton Murray, of South Carolina, the repre-
sentative of the colored race in congress. He
said there were three distinct and somewhat
elements There was q class com
posed of bankers and commercial men, who
controlled the currency. The second class was
composed of the owners of silver mines and