New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-15
NETWORK DAILY TRIBUNE, TUESDAY, Is sorEN PAGES

| =, ,h t,,, ,hat no considerable number OF Re-
publicans is opposed TO unconditional repeal tde-
| spite the fact that an OVERWHELMING majority oil
| them are bimetallistsl, ana 'hat IL 'he Democrats
! had been equally well disposeu t"a' measure would
| have passed the House nearly week ago almost
without onnosition II is probable that before the
debate ends several Republican Representatives will
! submit their views the penuihs question, as Mr.
Lacey OF Iowa. did to-day
Several good speeches in favor oil repeal were de-
lvered to-day and listened 10 Dy ABOUT ohe-third OF
the members of the House, the other two-thirds
ho,rg ahoort Tho strongest speech was that of Mr.
| Patterson of Tennessee who until a year ago was
! an ardent advocate of free ana unlimited silver
! coinage He was frequently h'e''u p'eu oy Tree
| coinage Democrats whose questions ne answered
| frankly and promptly. and IN manner which
| commanded their respect. If 1t did not win their
! ascent Mr. Warner of NewYork. also spoke in
favor of reneol with great vigor and earnestness,
| but to a thin House he did not get the moor
| until late in the afternoon Inc suohseSt Speec"
| in favor OF free coinage was mat oi M'' hoi'her,
! of Louisiana. who is man oil nla'h'u "o''S anu
considerable force as a debater. The speech of Mr.
| Bailey of Texas, who has succeeded MT Reagan
| as the cbampion and chief guardian OF the Con-
stituton in the House of Representatives. and who
| smoke on the same side must have been disap-
! pointing one to his admirers
MI. poATyrR SPEAKS FOR SILVER.
| Mr. Roatner OF Louisiana. spoke from
| silver standpoint and charged mat 'he AZ
| TOcates of the Wilson bill-the god men ol
| the Democratic party and oil the hepuoican
nartv-were responsible for the excitement which
| b,d croatod the destruction of public confidence
! and which had caused the runs upon banking IN
stitutons They had sowed the wind ana were
| reaping the whrlwind; and they alone were re-
sponsble for the present financial ana c"ihmeroia'
| scare He further charged that the Dehlocr"''
from New.York and from the Eastern States were
/ ont all
| Chicago nlatform relative to the currency.
Mr. Warner Dem ~ ". speaking for the Demo
cratic members OF New-York. pledged to carry
| out-and they intended to carry out-eVery pledge
made to the people.
AR Roatner was glad to hear this statement.
The bill now presented was intended to repeal
cowardly makeshift and no more. II" declared
| TINT tho Democratic party had pledged Itself 10
| bimetallism leaving nothing for Congress 10 10
| eycept TO fix the ratio. The Republican party was
| pledged TO bimetallism, leaving nothing ior 'oN-
gress 10 do hut TO fix the ratio But IN" fepuo-
ucan party had no responsibility for legislation
The responsibility rested on the Democrats anu
the oues,ion was whether they would carry out
/ their present pledges The gentleman from West
Virginia. Mr. Wilson, had brought IN biII III
which he sought to repeal one sentence oil
cowardly makeshr. 1t was makeshift, because
il put silver the plane Of any other commonly.
lie insisted that the Democratic party should fuhll
its pledges to attempt TO carry o'he'"'''S"' "''
effect
Mr. LAYTON dem. Ohio) spoke, as he said. as
conservative man. He would vote for the bill I'M
der consideration for the repeal OF The purchasing
clause Of the sherman law. He would do TINS now
ever relying upon the good faith OF the Democratic
! Administration and the Democratic Congress thht
i'm the coming regular session some permanent
/ LEGISLATION would be- enacted that would give all
our people some suitable money worth Il dollar all
the world round. Then allow the National banks
to issue notes to the fun value OF the bonds heh
by them And then In order to f1lly restore con-
ndence the Democrats should call down the bun
made by the Republicans that this Congress did
not have any serious intention To- interfere with IA"
| Mckinley Tariff law. That ldw should and must
be revised.
not AFRAID 10 CHANGE HIS MIND.
Mr. Patterson Dem. Tenn advocated the re-
peal Of the purchasing clause and criticised th"
amendments proposed tp the pending measure.
II the Government agreed to the free coinage or
silver at the ratio Of 10 10 !. 1t would At once and
abruptly bring the country sing" silver stan
darI. In order To- maintain silver IN circulation.
France had absolutely stopped the coinage Of
silver and the purchase Of silver bullion. II COM
gress repealed the purchasing clause ~ IN" Sher-
man act every silver dollar now IN circulation
would remain in circulation. But W. had to follow
the example OF France and adhere 10 the single
gold standard or We could not accomplish that OBJ
jet Passing over the ratios of Il and IS To- he
came to the ratio OF ~ 10 l. The silver dollar
coined at that ratio would b" worth exactly 81
cents. Could this country affOrl 10 tax" this step
and coin. freely deliberately and Independently. i
silver dollar worth but II cents II II did So II
would cxpatriate every dollar Of gold from the
land
Mr. Simpson Pop KAN read speech made by
the gentleman from Tcnnesse" during the first ses-
sion OF the LIIi Congress in which that gentle
man advocated the free coinage VI silver and asked
him 10 reconcile those views with thos" b" held
| to-day
Mr. Patterson replied TIA. b. had modified HE
views. he had gone before his people and toll
them that he had modified them. Ii" had been
reelected consistency" said Carlyle. "is the
hobgoblin of litt.@ minds"
Mr.. Bailey dem. Texas followed Mr.. Patterson
in a speech advocating me Bland free coinage sub
stiturc for the Wilson repeal b lie traced the
history Of financial legislation in this country and
Europe since the beginning of the century and as
serted that throughout the Who'll. period there had
been concerted movement to demonctizr the most
abundant metal Up 10 within recent years the
movement had been directed against gold. now sill
yer was the object of their labors. Speaking Of the
effect the country Of tn" passage of ia" Wilson
bill. Mr.. Bailey sad it would lead AT once To- a
scramble for gold by all the nations Of the earth,
reducing the prices of property 10 he exchanged
for that gold To lower figure than ever before
known In the history of the world ana precpitatnS
"A universal panic He was in favor Of paying the
Government bondhOlders In the coin Of ia" country.
! but the law said that they might be paid In il2ie
/ grains of silver. and. by the Eternal God he was
| in favor Of giving them more.
Mir. Pendieton dem. ". NaJ said that upon this
| question all Democrats could differ without sur
rendering their convictions. At one tim" he enter
| tanned different opinions from those which dom
| mated him now. There was lack Of confidence
! on the part OF the American people" He was sat
| isiied that the only way that II parity could be
brought about between gold ana silver was for the
| country come In accord with tie other CONNER
| cial ma tons OF the world. and when that done
! the promise OF the Democratic National platform
would be kept
| Mr. Lacey Hsep., Iowa. spoke I'm favor OF an
amendment which he proposed to offer If he had an
opportunity. providing that the Wilson bill should
not take until the silver circulation should be-
increa sed y7DJVO.0OO The trend OF his remarks.
| IL he. effect nj ihn