The silver state. [volume] (Unionville, Nev.) 1870-1903, 1893-08-23

vote would be given Tor the uncondl-
tional repeal of the law before sub
stitute had been agreed upon. He
was in favor or eradicating this con-
fessed evil from the body OF our laws
with no other condition than his
right and free agency to support and
secure in connection with its repeal
or afterwards by independent meas
ures, sound financial system.
As regards the embracing of the
coinage of silver on an equality with
gold, which had been the declaration
of the Chicago Democratic platform,
Mr.. Vorhees defended the president
from the charge of insincerity in con-
nection with the silver plank OF the
party. He said the president had
never recalled, retracted or explained
single word of his letter of accept
ance, which was just as binding now
as when first given to the world. He
was willing to stake his faith in the
truth and honor of Grover Cleveland
and his we'll known fidelity to pledges
when once made.
He paid high tribute to Secretary
Carlisle and said God help the Demo-
cratic party If we were 20 turn our
backs on such men as the president
and his secretary.
He spoke of the ratio as a matter of
detail which congress wonld estab-
lish on fair basis, and said the peo-
pie would not tolerate single gold
standard. He then addressed him
self to the announcement OF the sell
fshness and greed of the money
power, which had done SO much to
aggravate the financial situation, and
spoke in favor of the present pension
system as helpful in the distribution
of money.
He urged the treasury Of the gov
ernment to provide a new circulating
medium in place of that furnished at
present by the national banks. He
favored, in addition to the money is
sued by the government, currency,
properly guarded, to be issued by the
state banks. He urged the necessity
OF financial legislation.
First-That which would furnish a
sufficient volume of currency on
specie basis guaranteed by the public
honor.
Second - To deprive individuals,
corporations or syndicates OF the
power to cause f1uctuation in the
amount of different currencies in cir
culation.
Third-To maintain on parity
gold, silver and paper money.
Fourth-To settle the status of sill
yer money by authorizing it to form
a portion OF the specie basis required
by the constitution for chartered
banks.
Fifth-To overthrow the dangerous
Capitalization of the money power
now existing at the two money CEN
ters in the hands of few individuals
by giving the people of the state the
right OF home rule on the subject of
money, thus securing them home
circulation.
To these five propositions he added
a carefully adjusted and graded in
come tax as the most equitable and
upright measure for providing gov
ernment revenue.
HOUSE PROCEEDINGS.
The speaker laid before the house
committee the following communica-
tion from the secretary of the treas
ury in response to resolution of the
house asking for information relative
to the purchase and coinage of silver
under the Sherman act:
From August 13, 1890, to August
l6, 1898, the department purchased
161 ,521 900 fine ounces of silver, cost
ing $3.50, 1869 45O. The highest price
paid was 81 2014 an ounce on August
20, 1890, and the lowest was SO cents
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