The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1893-09-09

not In favor OF the Tree coinage OF silver, ana
regarded it as but another name for the mono
metallsm OF silver. and was only in favor Of
the purchase Of silver for purposes OF coming.
The conferees Of the two houses agreed upon
their differences, and in that agreement
secured the repeal OF the Blsnd-Allison
act Mr.. Sherman reminded senators when
they criticised the law that was named after
him. they should remember that this law now
on the statute books was far better than either
the house bill or that passed by the senate.
The president had, Mr. Sherman said, set
forth the decline in the value OF silver. but
failed to give the causes OF the decline Had
he taken broader view OF the causes
OF that decline he could have explained Il all.
1t was due, Mr.. Sherman said, to the fact that
We were called upon to paw our debts, debts
payable in gold. England was the great cred
itor country. and we should neither be ashamed
OF nor hate her; we are her children and par
take m1ch Of the characteristics OF the parent
stock. England's losses in the Argentine Re
public had TO be made good, and she
returned our securities and demanded the
gold reeded 10 save her own institu-
tions from going down Forthe first time also
In a nuTiber Of years the balance Of trade was
against US, and we had to make the difference
good. Sfter discussing other matters contrib |
uting to the present condition. Mr.. Sherman |
declared that an erroneous impression had
been ere tied when II was claimed that the Sher |
and this. he said. with all due Difference to
Mr.. Clev Gland. Still the fact was that congress
must deal with q situation and not q measure |
He teliered in giving the devil his due, and |
was ready to stand by the law, not as o meas |
ure in Which he took any special pride, for he |
was compelled TO yield In order to prevent |
disastrous legislation. without this law what |
would the country have done In 1891 and 1892 |
had it been called upon them to meet the |
difficulties now staggering us. He was not a |
new convert TO the repeal Of the law, but year |
ago he had introduced bill to suspend the |
operations Of the law. II was worded almost |
exactly like that Of Mr.. Voorhees,. Why did
not the democratic senators then see the dan |
gers they now see. and come 20 the help OF the |
republicans when they sought to suspend the |
law: Not democratic vote was had then. and |
democrats must answer why. 80
This very currency famine was not through |
feai that the money Of the country was not |
good, and the people should not be deceived as |
to the reasons for the repeal Mfr. Sherman |
did not believe the repeal of the law would in |
any considerable degree relieve the country |
from the existing stagnntion. Its repeal |
would ease the money market from the |
dreaded fear OF the free coinage OF |
silver. The law was denounced By
the democratic party as miserable |
nnkeshift. It was o mskeshift. and a good |
one. II tended to prevent the ills growing out Of
u
party was now charged with great responsi-
bility and Mr.. Sherman warned them that II 1
they attempted 10 alter the existing tariff laws
they would plunge the country into deeper dis
tress than now exists.
Taking 1t for granted that the Sherman law
would be repealed. what OF the future. Mr..
Sherman, while not the adviser OF the demo-
cratic party, said he was entitled to give his
opinion as American citizen. First of all
we must preserve intact the parity Of all our |
money. II might be necessary to issue our
securities 10 secure gold to maintain this |
parity. the only way by which We can sum-
marilv secure gold.
AT this point OF his speech Mr.. Sherman de-
Waited from the direct path of his argument
reply TO and clear away the charges and asper-
sions made by senator's and others In connection
with his so-called act demonetizing silver in 1873
and he confessed to some annoyance at
the statemant made the other day by Mr..
Voorhees, that the action OF those who had
managed the legislation had been stealthy and
treacherous.
Mr.. Voorhees, declared that nothing could be
farther from his purpose and intention than to
say an unkind or disrespectful word about the
senator from Ohio That senator was not in
his mind when he uttered those words. But as
they were disarreeable or offensive to him. he
expressed regret at having uttered them. and
de e.lared himself incapable OF inficting an af-
ront unprovoke1 on any gentleman in the SEN
ate or elsewhere.
Mr.. Sherman said that certainly he did not
desire TO say anything on the matter, being
satisfied that what the senator from Indiana
had said was dre TO his exuberant eloquence
tLaughterl He Intended now to produce the
public record OF the matter and make the act
OF 1873 plain and clear and to show iha, the
whole proceeding was free from corruption,
and was honorable to congress. and hereafter he
said. In angry aud excited toner. when any man l
makes that i'm 3utation win simply say that
II Is q falsehoot, and I brand IL so now. There
has never been any bill freer from wrong In
fiuence than thn act of 1879, aud to say that Il
was passed surveptitiously Is fslsehood and
q lie by whomcter uttered .z.. %
Mr.. Sherman devoted some time to an ex-
posure OF the falsehood of n letter written by
someone who svowed himself as an anarchist |
and who professed to repeat statement sup
posed TO have been made to him by Mr.. Ernest
Seiad as TO having brihed congress to pass the |
law OF 1914 He declared thai Mr.. Seiad was
an extreme biuletallist a. any man within the
sound OF his voice, and that the statement OF
the obscure anarchist was lie made out Of
whole cloth.
Mr.. Sherman boldly avowed his connecti6f1
with the legisla ion Of is73. and said (ailudiuy
to Mr.. Stewart, Of Nevaia.) that he would
not plead the baby act. The senator from
Nevada representing. as he did. 5000
te~ested In tbs mining Of silver and gold, l
ought 70 have known ~ that time whether the
dollar OF the Daddy was dead and gone or
not He quoted from . speeeh made By Mr..
Stewart IN the senate in is737g these words.
81 want the standard gold and no paper EopaF-
that's not redesnaole 10 ngQA. s.9n1 1heu ~ +
We MesnaelSefS6 his dollar 10 shall hays
me same pvrsh'ssins power - . dollaeof gold
.ne UNIVERSAL standard Of the world Every-;ti
BODY knows thst.---l