The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-09-14
SHOJP'S SILVER EFFORT.
A Strong Argument Against the
Repeal OF the Law.
II is THE ONLY BULWARK.
A Plea for independence in Our
Monetary Affairs. 8
Tie Passage OF Free Coinage Bill, He
Thinks, Would at Once Restore
Confidence and Enlarge Our
Trade.

WASHINGTON, Sept. BIN the Senate
today Mills of Texas gave notice that he
would address the Senate on Tuesday.
Stewards resolution for a committee to
ascertain WI any Senators are inter-
ested in lonal banks came up, and
Stewart dressed tne Senate in advocacy
of it. 4 .er a few moments, he diverged
into e neral discu ssion of the silver
question.
Allen of Nebraska spoke on the resolu-
ton, saying there were hundreds of
thousands, if not millions, OF people in
the country who believe much of the leg
islation of this Congress was Influenced
by the personal interests of senators and
representatives. The Democrats con-
fessed, he said, their platform was fraud
and false pretense, and that party thus
secured the votes of the people. The
Democratic senator's, he said, must aban-
don their party and join the ranks OF the
Populists, who were going to triumph in
1895.
At u o. clock the repeal bill was taken
up and VOORHEES, asked that one week
from today the general debate close, with
the understanding that amendments
could then be discussed IN
der the five minute rule, I'M
til Saturday at O'Clock, when the vote
should be taken. Voorhees, said he did
this in the utmost good faith and respect
for every senator and the Senate Itself.
If there was a majority in the Senate
against the repeal bill, the fact should be
known. Ii it was in favor of amending
1t, that should be known; but as lair
dealing men, let the senators come to
some understanding when a vote might
be expected and end their labors.
Dubois (Republican) of Idaho, while
approaching the courtesy with which the
senator from Indiana was conducting the
debate, said the matter was too serious
for undue haste, and the silver senators
proposed to have fair discussion. He,
therefore, objected to the request of Voor-
hees.
VOORHEES, said nothing was further
from his purpose than to interfere with
legislation and wholesome debate. He
(Voorhees) was q better friend of silver
today than any man who resorted to OBJ
structiye methods to keep this miserable
law on the statue book. He could not
allow anybody TO say he was in haste to
destroy silver as money. He expected
when the Sherman act was repealed TO
engage in bringing about a proper sys-
TEN of coinage as he had in the past. As
there was objection TO his request to fix a
time to take vote it would be renewed, |
perhaps, hereafter.
Shoup (Republicanl Of Idaho, then
addressed the Senate in opposition to the
bill.
Shoup began his address with liberal
quotation from the presidents message
and announced his failure to agree with
the president as to the cause leading up
to the present financial condition of the
country. He made a review OF the con-
of al thew existed fVa1TR
months ago, and showed by facts and
figures cited that we were then prosper
Gus. He said at that time both parties
declared for a double standard, and
Cleveland, as well as Harrison, had ac-
cepted the nomination for president
with the full knowledge of this
pledge. When he became the standard
bearer of his party, he became the de-
fender and champion of the principles
enunciated by the party. Whether he is
seeking to violate one of the most solemn
and serious declarations contained in the
platform, his party associates and the
country must decide. Shoup did not pre-
tend to know when Cleveland became
convinced it was necessary that the coun
try should come to a monometallic basis. |
but he did know that Willard and others |
appeared in Washington and began to
lobby for the repeal of the Sherman law
immediately after election, and IL was a |
incoming administration were invoked to |
influence that legislation. The speaker |
did not believe the Sherman law had any
thing to do with the financial crisis. 1t |
injured no one except The residents of the |
silver producing states. Indeed, he con- |
sidered 1t had been of much bene- |
lit to the nation at large. Refer |
ring to the criticisms made by Senator |
Cullom, that if the silver advocates |
were so much dissatisfied with the Sher |
man act they should join in its repeal, |
he said they recognized that its disap- !
pearance at this time probably means q
permanent retirement OF silver as one of /
the money metals. The Sherman law was |
the only bulwark between bimetallism |
and recommendation in this country. He |
did not accept the idea that silver coinage
would degrade the financial standing of |
this country, and made plea for indie |
peudence IN monetary affairs as in others |
of our concerns. He believed the passage |
OF free coinage bill would Immediately |
restore confidence and enlarge our trade. |
The repeal would result in removing this |
country from the head of the column as an |
a l producer OF precious metals. in the |
contraction of the currency and in the |
weakening of the country by destroying |
one of its great industries. He drew q |
strong picture of the distress that would |
be occasioned in the silver producing |
states. He asked: ssMust the prayerfui |
appeal Of these people for justice pass un-
noticed?'' He declared he did not believe /
md could not believe majority of the |
Senate would favor the repeal until after /
silver should be amply protected. The |
Sherman law had been accepted as COM
promise. It was all the friends of silver |
could obtain when the law was enacteu.
but as it is the only strand we have con
Meeting silver with gold, he would op-
pose, with all the vigor at his command. |
its repeal until better substitute was
given.
Dolph, (Republican) of Oregon, fol-
lowed Shoup and did not doubt that with
free coinage at 16 to 1, or 20 to 1 or any
other ratio, the concurrent circulation OF |
gold and silver could be secured. Could |
the United States ignore the action of the
great commercial countries of the world |
In regard to silver?
On motion of Voorhees, the Senate /
went into executive session and shortly |
thereafter adjourned.
THE FAULKNER AMENDMENT