Daily independent. [volume] (Elko, Nev.) 188?-1915, 1893-08-26

's-~N--e~sSN ASSsSs> AOOaVutN IOkuDo
to follow in the footsteps Of any i'd
ministration that sought to place
the Democratic party ia false posi-
tion and lead it into the very camp OF
the enemy. The President must rSly
upon Republican votes to carry out
"ny such suicidal policy. He did not
believe, however, that any such
course would DO taken by the Presi-
don't by his own volition, or oven
under the-inanirAtion of bis iudisoreet
advisers. until clearer evidences ~
furnished than now exists. He dep
rocatsd haSty action in the formation
OF . definite financial plan, and pre-
dicted the failure of an attempt to
impose gold standard on India.
Meanwhile tho prompt repeal Of the
Sherman law has been demanded as
measure Of temporary relief. "Let
us legislate upon the financial ques-
tion," said Hill, and then return, to
our1homes until next December" Re-
Stunning tho consideration of perma.
nent system, his distinguished col
league and himself would cheerfully
vote for the repeal Of the bill, Gun
swed by power and interrupted by
Federal patronage" He predicted
the passage OF the bill by the Senate
and that tho republic would weather
the present storm.
At the close Of Hills speech Stew.
art OF Nevada took the floor and ad.
dressed the Senate.
HOUSE.
In the House Springer, Of Illinois
made q long speech in favor Of uncon;
ditional repeal in which he charged
tho present condition OF the country
to the tariff legislation since the war
the characterization Of silver in 1873
and the silver purchases under tn,
Sherman Act. He said that the de
monetizRtion OF silver in 1873 did no
destroy silver as much as tho Sher
man net. In sixteen years from il
passage silver deprecated "a 40 Pc
cent; in three years since the passag,
Of the Sherman act il has fallen .
per cent.
The speaker, continui ng, statet
that the President called Congress in
extra session for the sole purpose o
repeating the purch ssing clause Of the
Sherman act. Would Congress re-,
fuse to comply with this universal
demand till an agreement had beer
made to do something else on SOM,
other matter3 It was just as reason
able to demand that tariff bill b.
included in the bill for the repeal O.
tho Sherman act az the remonetiza
tion Of silver.
The demonstration of silver in THU
country at q ratio of 16 to l woulc
either bring the Nation down to ,
silver standard or advance the pric,
| OF silver bullion to the coinage valu,
of silver dollar. II the former, /
would result in financial crisis com
pared with which the present depres
sion would be az zephyr to q cy
clone. The hundreds of millions O
foreign capital invested in this coun
try would be withdrawn, our credi
destroyed, aud we would sink to tn,
condition of Mexico, India and Chin
and be thrown out Of harmony will
the great commercial powers, which
now buy nearly S8N,n00,Oo0 worth O
our products. There is no grount
for the declaration that unless fire.,
coinage be Incorporated ia this meas
ure, silver would DO deserted alike b,
Congress and the President. Tn,
Presidents record is not such az b
justify the belief that he will prov
false to hie pledges. The speaker be
loved the PresidenC and Senate Rlik
would JOIN in keeping the pledges t,
the people in such q measure for tn,
use of silver rs will justify tho expec.
, tations of the American people.
The rules OF the House we're re
ported by Cntchings, and without be
ing read, were ordered printed.