The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-04
1 NEW SILVER SCHEME.
Moran Proposes a Revival Of The
Law Of 1897.

found to be this morning in its chronic,
Do-ouorum condition; but after roll-calI
the attendance of forty-three senator's,
the exact quorum, was ascertained, and
the routine morning business was pro-
ceeded with.
After the routine morning business, an
amendment to the silver purchase repeal
bill was offered by Mr.. Morgan 1t re-
wives the coinage act of 1887 and provides
for the remission of 20 per cent. of the i'm
port duties on goods imported from coun-
tries that admit standard silver dollars of
the present weight and fineness as legal
tender for all debts, public and private.
The silver purchase repeal bill was
taken up at II 80 O'Clock, and Mr. Dolph
continued his speech of yesterday even
ing. He sent to the clerks desk and had
read extracts from President Cleveland's
messages during his former administra-
ton giving his views on the subject of sill
yer. He said that those extracts iusti-
fed the statement that the success of the
Democratic party, with such candidate,
was the verdict of the American people in
favor of the. discOntinuance of the pur-
chase of silver and the coinage of silver
dollars. In the extracts which he had
read that course had been urged by Pres
ident Cleveland in unmistakable language
and the reasons for it presented
NO OTHER SILVER LEGISLATION.
Mr. Teller asked him what he thought
the chances were, judging from the mes
sage he had read, of other legislation
friendly to silver during the present ad-
ministration Did he think there was
any hope for such legislation, unless it
was attached to the repeal bill?
If | cast my vote for the repeal of the
silver purchase act, as | expect to do"
MIR Dolph replied, Il will not do it with
the expectation that during the present
administration there will be any other
legislation concerning silver. | don't
know single utterance of
President Cleveland from the
time of his first letter to Mr. Warner of
Ohio, before his first inauguration, up to
the present time that would lead any one
to suppose he had changed his position in
relation to silver coinage or that he did
not stand to-day in favor of the repeal of
the Sherman law and opposed to the fur
ther purchase of silver bullion and to the
further coinage of the silver dollar. l
don't expect that he will recommend to
congress any legislation looking to the
use of silver by the United States without
the cooperation of other countries.
don't expect that congress could pass any
act for the use of silver by this country
alone that would be in favor of what he
considers practical use of silver. The
free coinage of silver is only practicable
with an international agreement by
which the minis of all the commercial
countries of the world shall be opened to
the free coinage of silver at an agreed
ratio"
MUST SETTLE OUR OWN POLICY.
In colloquial discussion as to whether
the administration would take any steps
to bring about an international arrange
ment that would secure bi-metallism
throughout the world, Mr.. Palmer of
llinoiss said: 81 am not authorized to
speak for the President; but l have no
doubt that the President regards
own policy before we invite other nat ions
to conference. / have no doubt that the
President understands that while we con-
tlnue the purchase of silver, we are dis
aiding ourselves and putting ourselves to
a disadvantage in any attempt to adjust
blmetallism with foreign countries. l am
quite certain that the President believes,
but am not authorized to make the state
ment that so long as we continue the pur-
chase of silver and undertake to support
silver coinage, we would appeal in vain to
foreign governments to enter into any
agreement to establish international
bimetallism."
Mr.. Dolph wound up by declaring, as he
had said in the opening, that the opera
ton of the Sherman law was not RESPONSE
bic for the business disasters and finan-
cial disturbances. But there was a large
number of people in the United States
who believed that it was, and therefore
the safer course was to repeal it.
Mr. Power of Montana addressed the
Senate in opposition to the repeal bill as
sorting that no argument had been made
hot / 80
peal of the Sherman law.
PALMER ARGUES FOR REPEAL.
Mr.. Palmer argued in favor of the re-
peal bill. In the course of his speech a
discussion arose as to whether all the
outstanding treasury notes were payable
IN gold, Mr.. Palmer contending that they
We're, and Mr.. Stewart contending that |
II this were so it was by authority, not
OF the law, but of treasury rulings.
Mr. Teller stated that he had taken
sufficient interest in the question to go |
TO the treasury to make inquiries |
on the subject, and had been in |
silver certificates had been paid in gold |
Inc discussion ran into the question |
whether the fall in silver was synchro- |
nous with and the cause of the fall in the |
price of wheat and cotton, Messrs, Stew |
AIRY and Butler contending that the two |
eii1'!sS We're closely related, and MIR. Gray |
Taxing the opposite ground.
WOULD DRIVE OUT GOLD.
Mr. Palmer went on to argue that the |
He9 coinage of silver would drive out |
kolu' So that instead of the country hav- |
ing the two metals it would bave but one. |
: IhalIy he came back to the point where |
re mad started-the impotency of the |
senate. IT. he said, 1.-THE Senate has |
no power to govern itself, no power to |
register its own decisions when it has |
reached conclusion, then it is an abor- |
lIDu' and the time will come |
Wuen the country will insist that |
Iue senate shall in theuinterest of law, |
auu IN the exercise of its great power, |
oeclare some way or other, that it will |
govern itself, and that when the judg |
Hent OF the majority is matured, that |
majority shall be permitted to register its
Ge De5IIlnlnatlon. 1t is not now. | |
I Iou propose anything. / came |
Iere with great view of the |
G1ghlty and authority of the Senate. |
na9 heard of its courtesies, of its large |
S ens to public confidence, and | must |
say mat while the Senate deserves all |
t nav can be said of it, still there is one |
ling mat it cannot dot has not the |
Po|er TO make law, unless by the will !
NHu consent Of the minority"
SENTIMENT OF THE SENATE.
>, Mr.. DuBois-I agree with almost all
VA, ,ne remarks Of the distinguished sena-