The times. [volume] (Richmond, Va.) 1890-1903, 1894-03-14
STEWART AT THE OLD STAND.
Be DenouncsS PlutOcFacy and HORlS Ca.
lamlty Generally.
LINDSAY ADVOCATES TIE BLAsD BILL.
Mr.. DoIph Speaks in Opposition TO it and
Scores the Populis,s, " hile the Lat
ter Object without Avail

senator from louisiana (Blanchard)
might be assigned. Among the places
thus vacated was the chairmanship OF
the Committee on Improvements Of the
Missippi river. After some routine morn
ing business the committee vacancies
were filled up, on motion Of Mr. German,
as follows:
Bate chairman OF Committee on mill
tary Affairs; Berry, added TO Committee
on Commerce; Blanchard, chairman OF |
the Committee 'on Improvement OF the !
Mississippi river; Epidemic Diseases; In |
dian Affairs; Railroads; Public Buildings
and Grounds; Camden, chairman of Com
mittee to Audit and Control Contingent
Expenses OF the Senate; organization
and conduct Of expenditures Of the Exc
cutive Departments; Jones. Of Arkansas,
Committee to Audit and Control COntin-
gent Expenses Of the Senate; McLaurin,
chairman OF the Committee TO investigate
the Geological Survey, civil service and
retrenchment; claims Indian depreda-
tiOns; improvement Of Mississippi river
Pasco added % military affairs PETER
added 10 peusions Smith, added 20 infer
state commerce. Martin, chairman OF
Committee on Railroads; Caitery. added
TO Pacific railroads. Berry drew the prize
f0r which a number of senator's were
striving, by getting a place on the Com
mittee on Commerce, which controls the
river and harbor bill.
These assignments were agreed upon
I'm caucus of Democratic senators this
morning. Among the Withdrawals to
make the programme effectual were PEI
fer, from the Committee on Improve
ment OF the Mississippi river Martin,
from the select Committee 10 Invesu-
gate the Geological Survey, and Caffery
from the Committee on Pensions. me
assignments also cover vacancies created
by Mr.. Walthalls resignation.
Stew srt on Plutocracy.
The Bland seigniorage bill was taken
| up at 1890 and Mr.. Stewart (Rep, New
addressed the Senate in advocacy Of II.
| IL would. he said. give the Treasury
| 81. 100000 Of new money. and would to
| that extent ease the times a little. and
make better times. It would not make
| oood times because good times would
| never come while the policy or the
| Treasury remained what IL was. IL woulo
save the Treasury from bankruptcy ana
would prevent the necessity Of borrowing
| money in time OF peace TO pay the
| ordinary expenses Of the Government
| In other words. it would utilize the Dul-
| lion in the TTt tasury-S5 0oO,O0 or II that
| was captured property captured by
| legislation from the Pacific States ana
| Territories. IL had been taken from tne
| miners. and he did not ask that 1t be
| given back 10 them. There was nothing
| in the bill that required amendment. He
| believed that any amendment would be
| fatal to it, because If II went back 10
the House IL would probably fail there.
Mr.. Stewards speech was reminder
| OF the numerous ones which he made III
the extra session on the bill to repeal
the Sherman bill Much Of it was de-
nunciatory of plutocracy and Of the
English bondholders who wanted ne
said. ITO enslave the people Of the United
States as they had enslaved the rest OF
mankind"
The London Economist. he spoke OF as
the organ of plutocracy of England
whose object was to destroy the homes
Of Democracy and TO decorate the homes
- aristocracy." Another Of its objects
was TO reduce the masses TO starvation
and want"
Then ne spoke Of "the crime Of 1873,
| and declared that the plutocracy cannot
hear the groans and lamentations OF the
| starving masses.
| Mr.. Stewart closed his speech In these
words: 1--WE have the ballot, nomlnally'
but not really.
The power of Harrison and Of Cleve-
land came not from the people, but
|
which rules us. il was the money-loan-
ing combination of the world-with head
| quarters in London, and with ramifca-
| tions in every commercial centre in the
world-that put Harrison in his place
and nut Cleveland in his place. That
| mower has controlled our Treasury for
| twenty-five years. That power has con-
| trolied our legislation. That power mas
controlled our press. And that power now
| La,tra M
in its generosity. But the uay Vi IecAoH-
| ing is at hand"
Sir Lind ny Favors the BIZ.
Mr.. Lindsay Oem., Ky), argued IN
support of the bill. lie said that II ne
believed many OF the unfortunate re-
Suits which had been predicted 10y some
senator's would follow the passage of the
bin. ne would be slow TO give it his sup
port: but his brief experience In the
| Senate had taught him TO make allow
ance for the unutterabie evils predicted
in the discussion Of every measure.
II he believed that the enactment OF
the pending bill into law would reduce
the country to the single silver standard
or that il would stand in the way OF an
international conference on the suDJec
of silver coinage, he would be SLOW u
Give il his support But il occurred e
4
carry into effect that portion OF tn
sherman act OF 1890. which Congress hae
deliberately declined TO repeal when j
| was repeaiing the silVer-pu' chaslut
clauses OF that act. The bill vent nc
, | further than 10 provide that the coin
ace provisions in the act or 1890 shall o'
executed within the next five years.
Mr.. Lindsay declared that as long a.
the unreapealed part OF the Sherman
act rematned on the statute books the
s,,yer dollar. coined under the act OF
,s7s WAS the ultimate money or th'
cnun,rv and would redeem a.y % iga'
| lions OF the Government or or pr.Ya.s
citizcns. unless. where there was an ex
! .ress contract 70 the contrary. In ths
urther course OK ais agumelt he va.
asked by Mr.. WO.cctt whether ie meanl
, 10 say that the law contemplated tha'
} for every dollar of Treasury notes ol
| outstanding there should be coined sill
YER dollars 20 meet Il; but the law dlc
| nor compel the coinage Of two millions
| month beyond certain date. IN
answer was: THAT Is my position
THAT Is my position. We nave ohi
standing 100000 OF these Treasur
E notes. and we have only coined Sb,evV
! OF silver dollars under the act OF lss
Z In was the duty OF the Secretary OF IN
r treasury 10 continue the coinage OF siye
. h,,i,,on until IL was all coined. and IN
i neoessary amount Of silver dollars shouI
:, hovs been set apart and the gain
seigniorase turned into tho Treasury.
be used by the Government for lis O."
Mr. Lindsey said that there vas seln
80 =. under this bill, no sudden cnans
: no immediate reversal Of the ~ lfsasSs s'isSs
(, no,,cv' There was going TO be 10 suuus Ss
!. exhaustion OF the currency Noi '''o' ,r,,
=, | '~f' A.tf ar fWO millions per nloh'