The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1894-12-14
SENATOR VOORHEES,
gives His Views on the TarIn and the
Coinage of Silver.

WASHINGTON lec. ll.--ocnutor NOOr- /
hees. chairman Of the senate finance |
Monday evening, speaking
TO reporter of the United Press, made |
public for the first time since the elec-
iions his views on some OF the current
questions Of the day, notably cloture,
silver and the tariff.
"My POSITION" said Mr.. Voorhees,
with respect to further tariff legisla-
tion must be determined by the ques-
tion OF revenue for the government.
The public credit must be upheld
at all hazards and without resort to
the continued sale Of bonds, and tho
increase Of our national debt | would
be glad, OF course, TO have sugar, coal,
and iron, and indeed all other raw ma
terials free from tariff taxation, II such
n thing were possible, but In the present
condition Of the treasury, who will
dare TO enter upon legislation making
n still greater deficiency in the public
revenues? ! want my name associated
with no deficiencies in the treasury,
thereby requiring government bonds
10 be issued and sold.
~ pointed out as early as April last
that the Wilson bill, as II passed the
house II II became law without amend-
ment would result in just such de-
ficicncy In the revenue of the govern
ment, and Secretary Carlisle's letter
was simply the official confirmation Of
what had said. The bill, as II passed
the senate and became law, provided
beyond all question sufficient amount
Of revenue, and the only reason why a
deficiency exists in the treasury arises
from the fact that many Of its provis-
ions, the income tax among others,
have not yet come into operation.
Their postponement was made neces-
sary by che opponents of the bill"
Mr. Voorhees, took strong grounds
against any further ''tinkering" with
the tariff at this session OF congress.
Touching the sugar question he saidi
$50 far as sugar Is concerned the ques-
tion Is different The secretary of the
treasury finds the moderate duty
placed on sugar TO be absolutely nee
essary TO the revenues OF the govern
ment, and he has found no substitute
on which 10 rely in place OF sugar.
For the present, at least, this source
Of revenue can not be disturbed, II is
a pleasure in this connection, how
ever, 10 know that the price Of sugar
10 the consumer has gone down instead
OF up, under the existing law ever
since its enactment, plainly owing to
the repeal OF the wretched bounty tax
and the extinction OF three-fourths OF
the tax to the trust
"The truth is that a very extensive
and valuable work of tariff reform has
been accomplished by the democratic
party. and the law OF last August, Il
undisturbed for reasonable time, will
prove itself far better than even it,
friends supposed II 10 be when it wal
| enacted.
"'Let us have peace on that subject
at least for n while"
Mr.. Voorhees, did not take up tho
Baltimore plan specifically, but init
mates that he found the true solution
OF the financial problem in the legisla
tion he would like TO see enacted ol
behalf Of silver.
"As to financial questions, have n
change OF views to express" he said
Silver is the money of the eonstitu
tion, and 50 specified in that great in
strument, and should be coined on thu
same terms that gold is coined: With
out discrimination against either met
al, and without charge for mintage.'
"This has been the doctrine of tn
democratic party from the days of JEFF
ferson 10 the Chicago convention o
ls9e, and it Is the doctrine of the labor
ing masses to-day, irrespective of part
throughout the United States.
II voted against the passage Of tn
famous sherman act and labored +
secure its repeal because It was tn
, enemy Of silver coming according t
democratic doctrine and was so ayoYe
: by its distinguished author.
"As to the parity OF the two metal
} when coined, even the small childre
: OF finance know that the purchasin
! power OF dollar is not fixed by tn
: quality or quantity of the materia
/ which composes it, but by the Ia
/ which makes it legal tender in th
payment of debt"
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