The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1893-09-02

0nt attitude on the silver question He hed
heard him declare in 1901 that no (Bynum) had
always been In favor Of the free coinage Of sill.
| ver had voted for FREQ coinage from the time
| the question had been before congress- ana
| would do SO every time the question came up
He CPence) ventured to tell MIN that the
question had now come up Mr.. Bynum
replied to Mr.. Pence's structures upon his
seeming Inconsistency, confessed his sins ana
| asked for forgiveness. Mr.. johnson rep, Ind)
and Avery rep Mch.) spoke in favor OF repeal
| Nj. swanson (oern Va, said ;ao people that he
had the honor to represent had instructed him to
| vote for the free and unqualified coinage OF sill
yer. Mr.. Maddox dem, Ga,) opposed the Wilson
bill and declared that the free silver democrats
did not know how to surrender; they
knew how to ret-~ Mr.. Grady dem,
N. C) spoke in fswr OF free coinage.
Mr.. Milliken (rep., Me-, declared that the
purchasing clause should bo repealed, but he
did not wish to be understood ~ believing
that 1t was tho cause Of the present trouble.
Mr.. KEN (pop, Neb) was in favor Of free coin.
age. Mr. Murray tcolored, s. C.) said he rep
resented o constituency OF 27s, 900 and he repre-.
sonted race Of 8,oOo0 700; he did not believe
that the great troubles existing were attribut-
able to the Sherman law, but to the contraction
Of the circulating mediumsan in his opinion IL
could be relieved only by the enlarge ment OF
the volume Of money His race believed that
there was not enough money In the world to act
as currency. 1t was in favor OF making up the
deficiency with silver, and to that extent he
was In favor OF free coinage and bimetalism.
IN THE SENATE
On the 2lst Mr. Morrill, (rep, vt) said no
had not yet abandoned all hope Of bimetallsm,
and therefore he should gladly vote for the re.
peal Of so much OF the act Of 1900 as required
tho purchase of silver After its repeal tho
country would not be dependent upon gold
alone for currency, and there would be much
, more Of silver than Of gold and moro Of paper
currency than ever before, and as the silver dol
, lar would not be demonetized whenever more
| otlu In ptrAh md Ntt1 ton1 tutf fh.Nttt
crowding gold to premium 1t would
be done by universal CONSENT but
the treasury should be relieved from
, its embarrassment of furnishing gold to pay for
silver bullion. To maintain silver within tho
r existing standard on parity with gold, while
increasing the public debt by the daily purchase
OF over five tons Of silver bullion, the treasury
5 notes for the payment Of which we're practical
' ly redeemed in gold, was too heavy task, and
the admnstrat ton had acted wisely in appeal.
9 ing to congress. AS to the declaration of tho
5 silver mine owners that they would not consent
:. to the repeal Of the act Of 1890 without q
satisfactory substitute indicated by them
4 | - free coinage was the very measure
most :cared by the country, as it would bring
l. | with it the single silver standard No govern.
O ment can be sustained which does not fulfill its
pledges in good faith. The public debt. ma
tional and state, and all other contracts, by ouI
n recorded pledges, arc payable in legal tender
n on parity with gold Whatever policy will
relieve the public distress would be his policy
q Whatever favors the public credit would have
d his favor Whatever measures support public
y honor would have his support
I On the 2od Mr.. Voorhees, dem, Ind.) advo
Gated the bill reputed by him disseminating the
q purchase Of silver bullion. He favored uncon
e ditional repeal and assailed the present ma
% tionnl banking system, concluding by sub
mitting five points basis for the es
% tablishment OF sound financial system
n First A sunlcent volume Of currency
a. at oil times, state and national
It on practically specie basis - guar
anteed also by public honor with which
ia to transact the growing and expanding. .busines!
ia developments OF the country. Second, thu
Z. absolute denial and destruction Of all power il
n the hands Of individuals, corporations or syndi
Gates to cause fluctuations in amount of thu
n different currencies in circulation, thus rem
o. dering pancs and business distress i'm
N possible for the future. Third, every dol
lar in circulation. whether gold or sill
L., yer, state bank paper or United State!
IL with every other dollar. Four the settlement
,r of the vexed question Of silver money at ono,
,r and forever, by authorizing II to form its por
n. ton of the specie basis required by the consti
tuition for every chartered bank in the union
q. by recognizing it when defining the powers o
IN the states to make legal tender money, thu
q. making the use OF silver, coined int,
ID money, as imperative as will be usefu
20 to the great body OF the people. Five
the total and complete overthrow of tn
w now existing q q few money centers and in tn
st hands OF q few individuals by giving to the pee
I'd pie OF the states the right of home rule on tn
H. subject OF money and thereby securing to ther
,e a reliable, Notwithstanding home circulation
n. To these five propositions Mr.. Voorhees, adde
se but one more: A carefully adjusted and grade
income taxa most equitable and uprigh
o. measure in providing government revenue an
n. demanded by old-fashioned eternal justice.
,y Mr. Dubois rep, Idaho) opposed the bill
ts No national party had declared at any CONVEX
tion in favor of Donometalism, and, in hi
be judgment, none ever would He insisted mos
ee earnestly that no repre- sentative Of the peopl
ad had moral right by his vote his ow
judgment to put the country on gold standard
l., 1t would be o betrayal Of the people
Mr.. Palmer dem. Ill) supported the bill
m He said 1t could not fairly be asserted that tn
at president did not favor the OF both gold an
silver as the standard money OF the country
NJ. The present ratio should be adhered to, til
Sherman law repealed and the use OF silve
be coin encouraged by judicious laws and the
on the influence OF events upon tho relative value
he of the metals might be calmly watched, wit
the hope that by the use of effective means tn
he country might at distant day reach tn
ot point where both gold and silver could b
%. coined and used without discrimination be
90 tween them.
'ic Mr.. Stewart (rep, Nev.) antagonized some c
an the positions taken in Mr.. Voorhees, speecl
I'D He compared the position Of the Indiana sen,
IA. tor to that OF a Missouri judge who, in u deci
ion on fugitive slave case before the war, wa
or said to have 'given the law to the north an
al the negro to the south"
On the 23d Mr. Hoar (rep, Mass.) argue
to against the amendment to the national ban
gh circulation act repeating the 10 per cent tax O
state bank circulation. He said he was oppose
II. to restoring to state banks the power
to issuing, circulating and furnishing currenc.
re- Tho people OF the country were entitle
Ito to have currency, every dollar Of whc
IN. should be equal to every other, and whic
should be unchanging in value so far as tn
DIS rency should be national 1t was the functo
1t Of the national government to see that 1t wa
IL. provided 1t never had been and never woul
go be provided by the states
On The Gath Mr. PETER (pop., Kan delvere
OF . lengthy speech on the silver question. II
We said that the trouble In our finances had nj
ta- been caused by any want Of confidence on II
I'D part of the people, but 1t had been caused b
lid practiced treason on the part Of class whicl
ot he hoped, would be relieved from the respons
70. bility OF stealing from the people He did nj
think that fsar as to changes in the tart
r. had much to do with the hnanc
he panic. In reply to question by M
ot Hawley rep, Conn.) he said he di
es. not believe there one case In thousand
bi. manufacturing establishments closing whel
lal the cause was the fear OF tampering with II
or tariff; the failures OF such establishments d
ed not come from any prospective tarin polio
,g- but from want Of orders The people had NJ
IN. money to buy goods and orders were slac
on ened. The democratic party, however, dare
tod raj al frpa Vhe