Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-08-25
PANIC WOULD BE OFF
Had Congress Voted Promptly and
RepssIsd Purchase Clause
Mr.. PlcnER's PROPOSITION
II wii-on fsii Pa--es ne woald Vote
Upoa Eimsfi1sz Coinage "a Amsri-
csa silver ON = Ratio.

WssHISGrox. Aug. 2i.-Today Vas
the hfst set apart Tor the DISCUSSION of
the silver hkil under the hse- minute
rule. and fhs house met AZ 10 O'Clock
Although Il xsre expected there would
- fsom the start . number of short
pifhy speeches. bat there gefe lees than
lIfty nemhers present when the speaker ;
easel feiI aad but for handful u spec
taters IN the gallery.
Mf. Wangh sss the hrst speaker. lie
said he x0uld vote for the repeal % tho
sherman bili. although he did not be-
hese Il sas The cause u the pressnt de-
preston. Il had simply outlIyed il
usefulness. 4nd ia repeal would be the
shortest road 20 true bi metallism.
MF. Somsrs said il was his purpose 20
sots against all resolutions proposed
and for the anconditional repeal q the
Sherman Law. not because he Vas an
snsmy u silver. bat because be believed
it Nas necessary % restore confidence.
Nr. Johnaon did not believe anyone IN
The house could toll what the dollar Of
the daddies. - widely discussed. looked
likc. since the - callesi denonetiza-
fi.,a n silver. the silver money of the
country had besn Increased a thousand
fold and lis stability maintained on an
Equality With gold II that was what
demonetizati "a did for the money Of the
people he was willing to vote Tor more
Packers Proposition
Mr. Picker asked unan imous consent
hat on Monday newt when the bili xas
aiken up for action he he permitted a.
sffer an amendment II the substitute u
Mr.. bland i defeated providing for the
iree coinage 4 the American product az
The ratio indicated in the substitute. but
Mr. WILSON ia charge ~ the bill objected
lie then asked consent % Introduce on
Monday an amendment. provided thatn
al The substitutes and ali amendments
be voted dOWn. and II the Wilson bill DO
passed the house shall proceed 10 vote
on house bill No. , providing Tor the free
coinage q silver limited tothe American
product al a ratio % l6 70 up too 10 1.
Mr. Cleveland. be looked upon a. the
greatest eoavert 10 the ranks of the gold
men. a convert backed up and sup
ported by thr -leafling missionary socie-
h. The ggad men. be said. were greater
calamity howlers than ever came from
Kansas. The bankers % the east were
crying out against the dishonesty of the
farmers q the west and sbuth when the
,act was that tho bankers Of the east
we're the dishonest men and were yiolat-
Ing the Law az the present time. In
conclusion Mr. Pickler. whose time had
been extsndod three different times. ar
gued IN favor % such legislation a.
would keep up the volume of the cur
rency upon which tho prosperity % The
country dspcnded.
Advocated Double standard.
Mr.. Lucas spoke in favor OF the double
standard. and the proper use Of silver as
money.
Mr.. Hartman said the republican plat
form declared IN favor II the coinage of
both gold and silver. and he had a right
b. AK the republicans q the house to
support that plank that affects the in
seTcsts n the silver state
Mr. Hurtholit said the people % his
pate we're = Unit 10 favor 20 tho free
and unlimited coinage % silver az the
present OF some other ratio This vas
bot true. and vas reflection upon the
t0und intelligence of the people u Mis-
,onri. They asked for tho repeal u tho
shcrman Iaw. and the extension II the
circulation Il national banks 20 the par
ralue q the bonds they have deposited
}, secure such circulation
Mr. H0ak Vas opposed TO any meas.
nre that would result In the establish
alent n a mono metallic basis ia this
s-untry. either gold or silver. The
qlson bin. be thought. was IN accord
jnce with these views. aud he would
lafe for i aaconditionaily
! Nr Heard said that although no man
betcsici the purchasing clause of the
Ehefman ART more than be. still be
hhoud vote against ~ rcpesl because
h. believed something should BE- given
lha people thar sould recognizes the
frsnciple for which they were contend
Ing
what Caa-ei Disaster.
Mr. Carruth said that he had asked
tankera merchants. mechanics labor.
lra. rieh neu ani poor men what vas
- eauae n the present widespread dis
hsser. anil from every class bad come the
hue~eF that il vas due % the purchas
inu cauas "a the Sherman act he
rtood here realty % east his vote without
restriction. limitation or condition. Tor
huf f"Ff'at - tar Faf'"a@toA '~er' "
the Sherman act.
NJ Dinriey contensiesl that The pre-
fnt hneiness oppression 0as not directly
bttrbuiable y The sst - i.0. II vent
tprthrr hack tl.an that ind Uas more
ine - the legislation q is7s.
Ne Wil-on acknowledged the difa-
guilty q keeping gold and silver AZ
parity. huf he wa= IN favor ef The gov
Frnment 10 maintaining the double
STANDARD tie would cast his vote tor
Eny anea<nre that Nouid keep gold and
fiiscr on parity iiut there was po
lcrpottnaitY xlven tie republicans 20
Iltfef ar amendment Hut II tins priv
iieEe weH denie.i him there wss but one
~,ure~ eft - hlm and that wss 10 vote
Ter repeal
Fsntc woaIf Vow ~ on
Mr. Van vcorhi- said thar conxrs--
had neen IN SESSION. fur naarir A mouth.
and the Bassnfsrs had asseasnplishesl hat
one tsinz they had prov ai,,sf far the
,nerrfeat Z their ewu mieaee n con
s,rrss, hal rassesi two Ere<s avo a hill
repeating she purchasinx ciausa the
.,.ari.. souls - q to-day
Nr kItssei ~as In iayor = frpe s~,in
.atss fhie ~ sshl 80 not a saht be-
freea psistieal parties Il wasa Amt
hrfsaea ihe money CLASSES and the
lshnfiar clssere.
Ms 1ahnesn rrcpoeed ~ votn frr the
wfM,a hiii beeause he war oppoee,l -
~. rnfehaee q eifrer fie believed
tAat me ubit ard only one unit cead
a. "a -fssne.i - sey une
81 ffsufefsl heiissst that uten the
vetr sas faken the naiority a tbe 3eFa.
......... - -. f.,.s..sl r.sfsn,~ - f~ne