The Forrest City times., 1893-08-25

views Of some of the agrieulturist and labor ing classes of q neighborhood in Illinois or the subject of finances. It was referred as are all the others on the same subject, to the committee on finance. Mir. Peffer also offered a substitute for the bill toinerease the national hank circulation.
 NIT. Stewart rep. Nev.) offered resolution, which was agreed to. calling on the secretary of the treasury for statement as 10 the silver bullion purchased in July, 1893. with the prices. and as to the silver bullion offered for sale in the same month. with the prices asked.
 The finance committee bill reported last Friday, disseminating the purchase of silver bullion. was then taken up so as 10 afford Mir. Merrill trep.. Nt) an opportunity of address ing the senate on the bill. He first. however, asked and obtained indefinite leave of ab- sence, remarking that he was in the senate chamber to-day against the advice of his phy sican. He then proceeded to read from slips his speech bearing the motto: sound Money Cheats Nobody"
 At the close of MT Morrills speech, which occupied little over an hour, MT Voorhees, presented the letter addressed to him ty the secretary Of the treasury showing the probable cost of silver at a standard ratio and had 1t read by the clerk. saying that he deemed it his duty to lay t before the senate and eona- try.
 The bill to aid the Midwiqker national expo sition at San Francisco was taken up and passed.
 HOUSE
 After the realine of the journal MT Powers (rep., Vt.1 tco6 the floor in support of the re- peal of the pureha sing clause of the sherman act. ne referred to the Chicago platform and to the interpretation placed upon t by various democrats. The gentleman from Peansyl- vania, Mir. Sihley. had referred the to Saviour of mankind as the first democrat end had taken the uttcrances of the Saviour as his platform. 'h.a F1.att1 from TfuSG 1r Is IF Everett. had taken Grover Cleveland as his platform and had gone around his district sing ing at the top Of his voice, "Oh, Isn't He Dandy"
 Mir. Powers went on to argue that the pur- chasing clause Of the sherman bi! was vicious in principle md dangerous in application. If free coinage were adopted the gold bugs could corner the market just as easily they could to-day It did not do merely to say that the republican party responsible for it. The only solution Of the problem was to at once suspend the coinage of silver. which the world had discarded, until we could bring the world to its senses. Then the nations of the world would come to recognize that there was not enough gold in the world to act as currency, and they would come to a bimetallic basis.
 MT. Hooker tdem.. Mss.) opposed the un- conditional repeal of the purchasing clause. The president spoke about restoring conh- dence. Where was confidence lacking? Itwas not in the great masses of the people: it was in the money centers of the country that they locked up money. If labor was distressed it was attributable to the action of the banks. The repeal of the sherman law would not re- store trade or commerce, nor would it relieve the wage earners. The present depression was not attributable so much to the sherman act as the Mckinley act lie would admit that the free coinage of silver would not give absolute relief. but he contended that it would give re- lief 10 very great extent.
 Then on motion of Mr. Bland, Saturday next was set apart for general debate of the Wilson bill, instead of debate under the i've minute rule.
 MT Cooper (dem. Ind) spoke in opposition to the free coinage of silver He would rather favor policy which would give the country safe recognized stable currency than enter upon experiments at this time. If congress repealed the purchasing clause it would not strike down nor kill silver In his opinion II would lift up silver and make it the equal O. gold. II would strike down the silver industry but not the silver money. He then argued in support of the proposition 10 repeal the tax oD state banks.
 Mr. Alexander (dem.. Alal advocated free silver coinage and spoke for larger currency. If some relief were not given to the country there might be trouble. But he did not think the repeal Of the sherman a.t nor the abOu- ton of tax upon state banks would give this relief.
 MT. Sherry odem. Conn., opposed free com. age and advocated the Wilson bill. He called attention 10 the fact that when the ratio of Is to was adopted the fight was upon the ques tion whether the ratio should be l5's 10 or lt to I. Now the silver men did not seem 10 care whether the ratio should be l6 or 70. MT. Cox (dem.. Tenn.) argued against the pending bill. and recoun:ed the hardships to which the people of his district had been sub jected since the war. Never by his voice nor his vote would another feather weight he | placed upon their backs. He was speaking, he said. in behalf of the poor eolored men of his country. The gentlemen on the other side might claim control of the negroes but at last the negroes had got to this side. Mir. Chiekering trep N. Y. j asked if that was the reason the gentleman spoke for them. MT. Cox replied that he had come to the con clus.on that the negroes constituted the best part of the republican party.
 Mir Settle Cde,n.. N. e. said that in his can yass he had opposed the free coinage of silver. The furthest that he would go the coinage of the American product. He believed that every latoring class of his state is not for free coinage. but simply for the in- crease of the circulation of the country; but he was not in favor of an increase of currency that did not increase with sound and good money. Applause. He was in favor of bi- metallism, he was not in favor of striking down silver; but he stood unalterably opposed to the l free coinage of silver in the absence of an in iernational agreement He would record his vote against the amendments of the gentlemen from Missouri tMr. Bland and would vote for the Wilson bill Applause.
 EVENING SESSION. Tn the evening session Mir Lauren (dem $. C. addressed the house in opposition to the Wilson bill and in favor of the free eolnage of silver
 The republican party. he said had been