Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-09-30
NOT FOR FREE TRADE
"a Philadslphia Manufactures
are Opposed to IL
PETITION TO The SENATE
Ih<y Ask fr Afns.sisa OF An~ri-
can slbes Bsllssn Or csia~<~.
SILVER ktspszi Boi Dsbat-<l

Wa3aAE@ttt@s E<N+ - - ~ @E4@ -
today Mr. Cameron presented a pstliioa
s.gnsd b. many citizens u PkilaisIphia
aslklng senators 10 vote 80 as a. preserve
ths proteeuss ehar4etsF q the tarid
and In faxsr u silver. The petition rep
Fosents ll3 manufacturers with . capital
q s55.ooo0uo. employing 10000 men.
with a yearly prodact u sl5O.ooo.oo0
The psntioa fasors the ADMISSION %
american silver bsIllon 10 coinage upon
fhs pap naenf by the owner of The ssig
noraqe. observing three f0uFths u the
difference between tho London price q
bollion snd 10 value When coined IL
usa prlntsd A. document
The silver purchase repeal ball was
thea takso up al III - and Mr.. Harris. .
member - The finance committee made
an Argument against the ball
In tAe course Of his discussion Mr.
Harria referred % a statement Of MIR.
Sherman when he xas secretary q the
treasury a. 20 What would DO the effect
a The bilnd bill.
sherman, Corrccted Him
The seuafor." Mr. Sherman inter
ruptod. has referred 70 a statement
lns.is - me that the biand ball would.
ia ~ judgment. tend % make silver the
sole standard I have no doubt of IL al
al But the remark which the senator
has just quoted must apply 20 what was
calia,i the Bland Alllson act. which Was
eauf.iy different The Bland bali did
pfosidn for tbs free coinage u silver.
do not see hoN any one can disier with
~ la thiaklog that the free coinage ~
silver would make silver the cheaper
nletail the only standard But the re
mark could not be applied 10 the Bland
Allison act and never 50 applied IL.
Ca the contrary ! VAS very glad To es-
cape from the free coinage Of silver by
the Hand. Aliison act
Mr. Harris argued against the repeal
bail add said that II the sherman act
Was repealed that would he the last re-
eoguition u silver a. money.
Mr.. Morgan addressed the senate in
opposition 90 the BAL in the course Of
which he alluded 10 Allison's state
ment regarding International monetary
agrcemenL
Nr. Allison Explained.
Mr.. Allison explained that the only
object q an international monetary
agreement wss % tx fhe ratio bstwee
gold and silver and also 10 establish free
mintage.
n-Tnay raeans." Mr. Morgan queried.
-aintage free Co the whole people,"
1t means Mr. Allison replied. that
. man holding silver bullion caa 20 ths
mints ~ France. Germany. Great
Rrltain or the United states and have Il
coined into the denominations Of the
country where 10 j. coinesl--
That idle dream OF inter national
unity in regard 20 the matter" said Mr..
Morgan. can be realized only in tho
fervsd imagination q every enthusiastic
statesman
At this point Mr. Voorhees, interposcd
With a suggestion for an executive
session Mr.. Norgan Will conclude Mon
day.
SIR. Chandler poftsred again the ESQ
luton offered by him last week calling
on the secretary % the treasury for in
formation a. q the Fairchili investiga-
tion e the New York Gust a. house. IL
vent over until tomorrow.
Nr Dolph also oneresi q resolution
ealing on the secretary % the interior
fur information a. % pensions paid %
persons residing aboroad. and Il went
over tili tomorrow. The senate at $50
after a short executive session adjourned
unfI tonnrrox az III a N.