The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1893-09-02
IN SENATE And HOUSE
Vance Goes 10 the Bottom Of the History
Of Dsmonetillti0l.
VOORHEES, UP TO TRICKS
The House 10 Still Considering Its
Rules and Amending Them In
Some Not Very Import
ant Particulars.

WARRINGTON, Sept. The senate took
up the house bill TO repeal the silver pur-
chasing clause of the sherman act with
Voorhees, bill as q substitute. Vance OF
North Carolina, one of the minority mem.
bers Of the finance committee, spoke in
opposition to tho bill and In favor OF free
coinage. A large part Of his speech was
devoted to showing the Inconsistencies OF
its friends. He quoted from both national
platforms and commented In an ironical
strain on the way the pledges were being
fulfilled. He said they seemed to think
the only way TO maintain parity between
gold aud silver was to first strike silver
its death blow. Unconditional repeal
would bc it's death blow, for 1t was well
known Cleveland would veto any silver
coinage bill. Tho effect on the condition
of mankind, following the destruction OF
half Of the currency Of the world. aRgre.
eating s. 800, ,O0o,0O. would be impossible
to accurately describe.
He gave tho history Of the demonetiza-
ton OF silver aud declared that every gov
crnment which demonetjEsd the white
metal did SO when II was at premium.
When coinage stopped in India the effort
to have it stopped in the United States
began, aided by influence of the moneyed
power of all the world and our govern.
ment. II coinage stopped here silvor would
cease to live Throughout the commercial
nations of the earth. The fall in price
would be greater than that following the
stoppage of coinage in India. Repeal
without substitute meant tue end of sill
yer money for this generation unless q
revolution of the people should restore IL
as after the fraudulent demonetization of
1873 Let 10 man doubt the proposed re-
peal was tho result of conspiracy among
the money holders of the world. He de.
clared that the SheEman law did not drive
out gold, else why did gold return with 1t
still in forcer The democratic platform,
he said, denounced the Sherman act as q
cowardly makeshift. yet this bill for its re-
peal, striking silver harder blow, was
more cowardly and more of makeshift.
He closed with declaration for the FREQ
coinage of silver.
During vance's remarks, Cockrell of
Missouri interjected statement of the
production and coinage Of gold and silver
from 1873 to 1899, which showed produc-
tion Of gold amounting to s2,210. .96l DOS,
| while the coinage amounted to g, 7s7, ,7ii,.
679. or silver the production was 50 AGO..
80. .5s3, and the coinage Sa22.s)s,S5l.
At the conclusion Of vauce's speech
Voorhees, sprung . surprise by asking for
vote on the substitute reported BY the
finance committee to the house repeal
bill. He said no further debate was pro.
posed at this time. although notices had
been given Of speeches next week. He
desired every senator who In good faith
wished to occupy the time of the senate to
have an opportunity, but he could not
take tho responsibility of boing party to
mere delay, and when vacancy in the
talk had been reached he wanted IL ailed
by vote. Discussion followed as to the
parliamentary procedure to be observed
in consideration of the subject, and voor.
hees asked that tho finance commtttee
bill be substituted for the house bill
| Cockrell Of Missouri objected until there
was an opportunity for full discussion
He preferred the house bill, which says
that repeal shall not impair the legal ten.
der quality of standard silver dollars here
tofore coined, to the senate substitute.
Allison of Iowa said the repeal clause in
no sense affected or impaired the value oI
the silver dollars coined, but by inserting
the house provision 1t would leave ques.
of the Sherman law stands which required
the secretary of tho treasury to coin
the bullion into dollars. Tho discussion
continued aud at 3:25 was interrupted b,
motion for an executive session, aftel
which the senate adjourned.
In the morning hour Teller submitted q
resolution, similar 10 tho one recent,
adopted Ms to the month Of July, for
statement regarding silver purchases il
August. THIS was agreed to. White gave
notice that on the 18th he would present
resolutions touching the death Of the lat,
senator Stanford.