The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-08-27
YHE GREAT DEBATE CLOSED
[continued from page IL

speech in support of the measure. 'tBy
universal consent, he said, ''the So
called Sherman act failed to justify the
expectations OF those who framed it. 1t
had been expected to raise the price OF
silver bullion throughout the world.
That expectation had proved a false one.
1t had been expected that an expansion OF
the currency and renewed prosperity
would follow the enactment of the law.
That expectation has been equally faisi-
fed. Instead Of producing an expansion
of the currency it produced a contraction
of it.
mo one could doubt that the Sherman
law was largely responsible for the panic
that surely overspread the country 1t
has been argued from the first speech to
the last made against it that the pending
bill would, while stopping the purchase
| of silver, throw the country upon gold
basis. The bill proposed here would not
not demonetiZe single silver dollar today
circulating in any part OF the country.
The bill had come, not to destroy. but to
save. Applause. 1t has come, not to
strike down silver, but to place 1t at once
and forever on an impregnable basis With
gold in the circulation of the country"
[Applause.]
Mr.. Martin inquired whether the pas
! sage Of the bill would necessitate a sale Of
DOuuS III OIuSI W SSCuIS SO1Q!
Mr.. Wilson said he would merely re-
peat his remark ''that the passage OF this
bill would at once and forever restore sill
yer TO a parity with gold ana there would
be no necessity for the government to is
sue bonds for any purpose. Applause. J
It carried with it not only promise of q
maintenance of q parity between gold and
silver, but carried the partly Jap
plause.
Mr.. Mcmillan incurred whether the
gentleman proposed to follow this bill up
with proposition for free coinage
Mr.. Wilson rejoined that he was salts
fed that 'sit was the earnest desire of the
Democratic administration not only to
support existing silver circulation In this
country, but to increase the issue Of silver
currency to the utmost extent. 1t was
safe to do SO, and TO keep silver on par
ity with gold" [Applause.l The speaker
accrue from this bill was to restore to the
people their own money" A recess was
then taken until s this evening.
@sAt the evening session Mr.. Tracey OF
New York, sided with the president on
the silver question and Mr.. Stone of
Kentucky favored the equal use of gold
and silver. Mr.. Boutelle. Republican of
Maine, said he was willing TO lend his
humble aid to the Democratic president,
had been a partisan one and he would
show from twenty years record that the
Democratic party had been on the wrong
side.
Mr.. Fallows, Democrat of New York,
speaking of the city of New York, said
she demanded sound money currency and
she cared nothing whether that currency
was gold or paper, provided every dollar
was equal in every other dollar.
t. e
addressed the House. His speech has
been awaited with considerable interest,
because it had been known that strong
efforts had been made to induce him to
support the administration policy, but
Mr.. Fithian grievously disappointed
those who hoped he would support the
repeating bill, and reiterated his loyalty
to the silver cause. Shy the last national
PLATFORM said he, ''the Democratic
party is pledged to the coinage of both
gold and silver into money. This plat
form was the last declaration of the party
in national convention upon this great
important question. He who is good
Democrat must honestly and faithfully
keep the pledge He is not good DEM
ocrat who repudiates it.
"Bimetallism is therein SO explicitly
and plainly declared for that no tortured
construction can cloud its meaning. This
Is the PLATFORM upon winch the Oemoc-
racy won before the people last Novem-
Der; this is the platform upon which
Grover Cleveland accepted the Democratic
nomination for president; this is the
platform and these are the princi-
pies upon which the national
Democracy fought the battle. expect to
keep the faith. AS Democrat l will not
be blindly led into casting my vote in the
direction of placing this country upon a
single gold standard.
''Undef the Democratic platform we
should SO adjust the ratio between the
metals as to maintain parity and coin
both freely, without discriminating
against either metal or charge for mintage.
When the pledge is fulfilled no free coin
age Democrat will refuse to vote for the
repeal of the Sherman law. l shall vote
for each and every amendment fixing the
ratio between the two metals beginning
with is to 1 and ending with 20 to 1. II all
shall be defeated, shall vote to restore
the Bland act, and If that should be voted
down I will feel it my duty to cast my
vote against unconditional repeal. The
platform of the Democratic party must
be fulfilled in whole and not in part.n
Applause
Mr.. Hudson (Democrat) of Kansas
spoke against repeal and Mr.. Hendricks
(Democrat) of New York on a sound cur
rency. at HOB the House adjourned
until Monday, August 2Sth, at noon,
when the first vote will be taken. z