The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-08-15

author lied, and this, in my opinion, would
afford very considerable measure OF
relief to the country under existing cir-
cumstances. / therefore recommend the
passage of the bill"
Mitchell Rep.) of Oregon gave notice
of an amendment to be offered to the
joint resolution TO maintain the parity
of gold anG silver. The amendment after
long preamble, declares that 1t is the
sense of Congress that no change should
be made in the tariff laws during the
fifty-third Congress.
Vest Oem.) of Missouri introduced bill
for the coinage of the silver bullion in the
treasury. saying that it was sent him from
New Y"rk and met his partial approval.
1t provides, after setting aside in coin and
bullion as reserve such amount of silver
bullion purchased under the act of
July IS. 1890. as shall equal at coin-
age value the aggregate sum of the treas
ury notes authorized by that act, that
all of the remainder of such bullion shall
be deemed availa BILE for the issue of silver
cert ficates, and such remainder of surplus
bullion shall be coined into standard silver
dollars, and such dollars shall be used for
the redemption OF silver certificates as now
required by law; provided that this shall
not be deemed to alter or amend any pro-
vision OF the act of July, 1890.
The second section provides that ma
tioIal banking associations shall be en-
titled to receive circulating notes of the
value. at par, of the United States bonds
on deposit, not, however, to exceed the
amount of cal ital stock actually paid in.
Stewart sent to the clerks desk to have
read an article from the New York Re-
corder headed "Give Us Free Silver"
After a portion of tie article had been
read objection to its further reading was
made by Hoar and Hawley, and the article
was ordered printed as document, Stew
art remarking that the Recorder was the
first great paper in the city Of New York
that had said word against the annIhlla-
ton and destruction of half the money in
the country. and the fact showed either
that the sentiment Of New York on the
subject of silver was changing or the Re
corder was a very brave paper.
Hoar gave notice that he, tomorrow.
would call up his resolution as to the Mon
tana Senatorial case, and would, alter
Wednesday, press it to conclusion.
Vest then addressed the Senate on his
resolution in favor of bimeta llism. and
tie free coinage of gold and silver. He
likened the Sherman act to a 'houseless
and homeless dog" without kennel in
which to hide its dishonored mead, but de-
clared he would not vote for its repeal
without guarantee Of silver as money
metal.
Vest continued: Cleveland had ac-
cepted nomination on platform which
pledged the Democratic party TO bimetal-
lism. and SO he did not undertake to say
now that the President was opposed to BIZ
metallism, or would not give executive
sanction to a measure to coin silver at a
commercial ratio with gold; but he did un-
dertake to say that the Presidents mes
sage as not significant for what il failed
to say. He undertook to say. with the
greatest respect for the President and
without the slightest doubt of his honesty
of purpose, that when he failed to say
one word in respect TO bmptallism, he
certainly meant that consideration Of the
question Of the free coinage Of silver at
any ratio was so impracticable that it did
not need executive notice. AS to the as
sertion that silver should be demonetiZed
because it 1uctuated in value. while the
value of gold was staple. he read an extract
from what he called "a remarka BILE
pamphlet" written by Monteith.
| Douglass, business man of London.
before the closing of the Indian minis.
pleaded with the people of Great Britain
in favor of bimetallism as the only sure
| foundation for financial existence, and de-
caring that silver really fiurtuated much
I
ducti0n of silver that brought Gown its
value. 1t was leg ;slation, legislation in
Germany and in the United States.
How could il be expected that silver would
| retain its value when those two great ma
tons took away the monetary use OF sill
yer? With the resources and population
of the United States 1t was only necessary
for the United States to fix policy and
stand by it. The trouble to-day was caused
by the open aud sedulous incubation of the
idea that tine country was about to 20 to
gold standard. and that the silver money
| of the country would be worthless. Vest
| spoke of the unfortunate condition of the
! miners Of the West and said he kne " what
| these people endured. Leaving the COM
| forts OF civiliza ton, and going out. rifle IN
one hand and pick in the other. blazing the
pathway of civilization in the canyons
| Of the Rocky Mountains. they built
up the silver mining industry on
the faith pledged to them bv
the people Of the United States in its con-
stitution and laws that the product OF
those mines would he considered rs a
money metal, and we are now asked.
through the financial four hundred" OF
New York and the commercial classes.oi
England, to betray those people and to
say to them, Find something else to DO
we want gold, gold. gold!'
mo, Mr.. President" Vest went on, 81
will not do It,"
In conclusion. Vest rereled the idea OF
there being any necessity for an interna-
tional agreement on the subject Of silver.
At the close of Vests speech Hoar OBJ
tanned the floor and the Senate adjourned.
pATTEP SON IMpAIED