Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-08-31

SENATOR STEWART SHOWN UP
Foiiy so Bay silver ~ Score IN Tre>s-
ass tsaiss--Adsec~f~d Suspension
of furxhA>s Clause.

% the ball repeating the purchase clause
a the Shsrman act Other petitions 0n
the same subject sere presented
Mr.. vance. . member ~ the fnance
sommitfss. gave notice that he would
address the sanAts nsxt Friday on the
repeal bill
Mr. Pngh offered resolution. which
was referred 20 the committee ca privi
lcges and elections. - pay 5000 u Lee
Mantle, IN fun compensation Tor hrs
time aud expenses N prosecuting his
claim IL sat in the senate from the
state Of MontarA
Mr. Stew art offered resolution which
Was on his motion referred % the finance
committee. directing the secretary OF tho
treasury % inform the senate bow the
revenues since the commencement of the
present hscal year compare with The 60
innate.
SENATOR Shermsn's speech
At1ss5 p m. the bill 10 repeal the
sherman act vas LAID before the senate
and Mr. Sherman proe'cded 10 address
thr senate
tie sald that IL the repeal u the pur-
chasiog clauses of the act of July. lss0.
we're the Only reason fpr the extraOrsli
nary session. ~ would seen 10 him ia
sufficient IL vas. however. justified by
The existing financial strsngency. On
One thing co0gress aud the people
agreed. and that vas that both gold and
SILVER should De continued in Use as
money. AIonometallism pure and sim
pie had never gained foothold IN the
Lrifed states II senators wanted
cheap money and an advance in prices
fiee coinage u silver was the way TO do
It: but they should not call u bi metal
lisnl.
: senator sherman then proceeded 10
discuss the history OF the act that bears
his name. HE was not IN favor II the
.ree coinage n silver. and regarded il As
but another rame for the monometai-
lism II silver, and vas only in favor of
he purchase % silver for the purposes
of coming. The conferrees OF the two
houses agreed upon their differences.
and in that agreement secured the re-
pal of the Bland Allison act. Senator
Sherman reminded senators that when
they criticised the Law that was mis-
named after him. they should remember
that this law nov ON the statute books
vas far better than either the house bull
or that passed by the senate. The
prsident had set forth the decline in the
value Of silver. but had failed 10 give
causes Il that decline. Had he taken a
broader view % that decline he could
have explained u all
Cause or the stringency.
IL Vas due. senator sherman said. 10
the fact that Ne were called upon % pay
oar debts debts payable in gold Eng
land WIS the great creditor country and
Ne should neither be- ashamed u nor
hate her: ue are her children and par
take much q the characteristics OF the
parent stock EEgland's losses Ia the
Argentine Republic bad 90 be made
gossi ani she returned our securities
and demanded the gold needed to save
ner own institutions from going down.
For the first time also IN a number OF
years the balance % trade was against
- aud Ne had % make the difference
good-
After discussing other matters contri-
tutiny 90 TIE present condition. senator
sherman declared that an erroneous
impression had been created when IL
was claimed that the Sherman law was
the cause q all the trouble. and this. he
said. With al due Difference To MIR. Cleve-
land. Sul. the fact was that congress
must deal with a situation and not a
measure tie believed in giving the
devil h.@ due and y a. ready 30 stand by
tie isw. not a. measure in which he
taok any special pride. for he
Naa compelled to weld IN order
20 Prevent dies strous legislation.
But sifhout this Law what
xauid the country have done an
l@ll and i+cs had IL been called upon
tarn O. meet tho difficulties nov stag
ser,nx uas RE was not a new convert
D. the repeal ~ the law. and a year ago
hs had introduced bali to suspend the
Operations - the laN. II vas wordesl
afnost exactly lake that - senator Voor-
heea Why DID not the democratic
senarors then - tho dangers they now
see and come - The help q the repub-
lirans ehen they rought b suspend tho
law Nj democratic VOTE was had
then and democratic aust answer Why.
branded It fie.
Mr. sherman aaid that certainly De
did not desire 81 say lnythisg uore on
the matter. teing eutirciT satisfied that
What the senator from indisrs had saifi
va. due t. hrs expherant eioqueuce.
ifaoghser.i tie infensic,i nv - pro
dacr the public record ard make the
az - l-1i plain and clear. snd to show
thst he Whole prcceeding ses free from
rerr,sufsen. and vas honorable 90 con.
rress And hereafter b. added IN an.
QTY ani ex-ited tones when shy man
make ats mpufaticn uiIi simply say
that 3 = 4 fsisehot,i. add bfaod it 81
IA k.sar
any tiii fseeg from immoral o. wrong "a
rnense fbsa fhs act q 1913. and - say
ttsf it Frs ga-eei snrreptitously - 4
fsisehot6 sasi a .is ~ y rlpsuever uttered
M -tefwsn devoted sone time - an
expe@ugf = tba fslsehe,rd q letfer
written ~ eofue enc eho asowe3 him
seif a. an anarchist sna Who praf~~scd
O. fertssl a @tafeusrnt supptr<e.i "a have
f.en riuie lo him by ~ Frnss ~ev1 a
e. be having brlf Al rinrrsa< - pa1a the
ise n ifi& lie teclaf~d that Mr. Seyd
was - extreme % meta.iiaf as anvrne
eifhin the soaui { his veicr. AID that
fhn ssaferaent - The otacure saarch 4
ua- ~ nssle cot q Whole 10th
Nr Shermnn boliiy sscvef hss ron.
necsien vita tire ierle,at.cr q IS71. and
saisl airalnx tannnnz.y - Mr. Stevar.
- Nevada -hef BE- toaif net plead the
Ralv 50 fhe aaafrf fr1m Nrvasis
vnr-e.efsfinsf 81 81 Ara 4 state - ktste
lrfeH.eart. actvs iutipslrrns peerir
inta-e<i,sl fu tae ciinlng ~ siiter snti
es4 au1At 81 hsse kaavn az taat tln,s
arrtesr the -.tfsf ,iollaf ~ fhs aa.bly
80 .ssA snd zaae
.-.,ssts,r ~trvarr shown ~
p. .-,..t.ef frsrs : srs-a a,ssIie - NJ