Huntsville gazette., 1893-08-26

are all the others on the same subject to the
committee on finance. Mr PETER also offered
substitute for the bill to increase the national
bank circulation
Mr. Stewart rep, New offered resolution
which was agreed to, calling on the secretary
OF the treasury for a statement as to the silver
bullion perchased in July, 1893, with the prices,
and as to the silver bullion offered for sale in
the same month with the prices asked.
The finance committee hill Geported last
friday flscontinuing the purchase of silver
bullieus was then taken up SO as to afford Mr.
Morrill, tH, Vtl an opportunity of address
ing the sanate on the bill. He first however,
asked az obtained indefinite leave of ab-
sence rekArking that he was in the senate
chamber % day against the advice of his ply
sician. Hs then proceeded to read from slips
his speech bearing the motto: Sound Money
Cheats Neeody.p
At the eiose OF Mr. Morrill's speech which
occupied little over an hour, Mr. Voorhees,
presented the letter addressed to him hy the
secretarN Of the treasury showing the probable
cost of silver at a standard ratio and had it
read by tlle clerk, saying that he deemed it
his duty p lay 1t before the senate and coun-
try.
The bilttoaid the Midwinter national expo
sition san Francisco was taken up and
pas sed.
HOUSE.
After tes reading OF the journal Mr. Powers
Gep.. W took the ficor in support OF the re-
peal OF tie purchasing clause of the Sherman
act Hefeferred to the Chicago platform and
TO the Interpretation placed upon il by various
democrats The gentleman from Pennsyl-
vania. Nf Sihley. had referred the to Saviour
OF manksud as the first democrat and had taken
the utterdnces OF the Saviour as his platform.
The geetleman from Massachusetts,, Mr.
Everett. had taken Grover Cleveland as his
platform and had gone around his district sing
ing at th4stop Of his voice, "Oh, Isn't He a
Dandys"fs
Mr.. Pdrers went on to argue that the psir.
chasing clause OF the Sherman bill was vicic IS
In princi-sie and dangerous in application. n
free courage were adopted the gold bugs col d
corner the market just as easily as they cor d
to-day II did not do merely to say.that ge
republican party was responsible for it. he
only solution of the problem was to at olce
suspend he coinage of silver. which the wo Id
had discarded. until we could bring the VIC Id
to its senses. Then the nations of the wo Id
would come to recognize that there was not
enough rold in the world to act as errrer Cyl
and they would come to bimetalhc basis
Mr.. HDoker (dem., Miss opposed the m
conditional repeal of the purchasing clai Sc.
The president spoke about restoring conf
dence. Where was confidence lacking? TWAS
not in f4e great masses OF the people; it was
locked iia money. If labor was distressed it
was attributable to the action of the banks.
The renal Of the Sherman law would not re-
store trade commerce, nor would il relieve
the wasse earners. The present depression was
not attr rsbutable so much to the Sherman act
as the sieI&inley act He would admit that the
free coinage of silver would not give absolute
relief hst he contended that it would give re
lief to Fery great extent.
was set apart for general debate of the Wilson
bill, instead of debate under the five minute
rule.
Mr.. Cooper (dem., Indl spoke in opposition
to the free coinage of silver He would rather
favor policy which would give the country
safe, recognized stable currency than enter
upon experiments at this time. III congress
repealed the purchasing clause it would not
strike down nor kill silver. In his opinion it
would lift up silver and make it the equal of
gold. 1t would strike down the silver industry
but not the silver money. He then argued in
support Of the proposition to repeal the tax on
state hanis.
Mr.. Alexander dem, Ala.) advocated free
silver coinage and spoke for a larger currency.
If some relief were not given to the country
there might be trouble. But he did not think
the repeal Of the Sherman act nor the aboli
tion Of tai upon state banks would give this
relief.
Mr. Sherry (dem., Conn., opposed free coin,
age and advocated the Wilson bill. He called
attention to the fact that when the ratio Of IS
to was adopted the fight was upon the ques
tion whether the ratio should be 159s to [ or 10
to /. Now the silver men did not seem to care
whether the ratio should be l6 or 20.
" Mr.. Cox dem, Tenn) argued against the
pending bill and recounted the hardships to
which the people of his district had been sub
jected since the war Never by his voice nor
his vote would another feather weight be
placed upon their backs He was speaking, he
said, in behalf Of the poor eolored men Of his
county. The gentlemen on the other side
might claim control OF the negroes but at last
the negroes had got to this side.
Mr.. Chickering rep, n. W asked if that was
the reason the gentleman spoke for them.
Mr.. Cox replied that he had come to the con
clusion that the negroes constituted the best
part Of the republican party.
Mr. Settle (dem. N. C) said that in his can
vass he had opposed the free coinage Of silver.
The hnrthest that he would 60 was the coinage
of the American product. He believed that
ever laboring class of his state is not
for free coinage, but simply for the in
crease Of the circulation Of the country; but he
was not in favor of an increase of currency
that did not increase with sound and good
money. [Applause He was in favor of BIZ
metallism, he was not in favor of striking down
silver; but he stood unalterably opposed to the
free coinage of silver in the absence OF an in
terndional agreement. He would record his
vote against the amendments of the gentlemen
from Missouri (Dir. Blandl and would vote for
the Wilson bill [Applause.l
EVENING SESSION.
Inthe evening session Mr.. Lauren (dem., S.
c. addressed the house in opposition to the
Wilson bill and in favor of the free coinage of
silver.
The republican party, he said, had been
swept out Of power, but the breeze which had
SWEET it out of power would be nothing to the
cycbne which would sweep the country if the
democrats were unfaithful to the pledges Of
the platform upon which they had been
eleded.
M; Mcdonald tdem.. Ill.) said that he was
in ffvor of the free coinage Of gold and silver
in any ratio that might be acceptable. But
the government should have the privilege Of
paying every dollar it owed in coin. That was
thepnly method of restoring the parity of the
twometals.
Nr. Bartlett (dem., n Y) said that with the
message of the president he was in thorough
accrd He represented farming constitu-
encf toiling constituency. laboring con-
a banking constituency. and all de-
maided that the purchasing clause be unqual
ifie.ly repealed Without international agree
met there could be but one standard and he
was in favor Of that standard and to-day that
staidard was gold.