New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-19

into IL and ascertain whether the committee of the
Stock Exchange still recognize the contract II they
labors Let ne hear from you at your earliest con-
venience Pleese preserve the letter (meanins the
letter thai rejected the CONTRACT. .
That was signed by c. T. Sherman. the brother
OF John Sherman.
MR. HORR'S DEFENCE OF CONGRESS.
Mr.. Horr-Before proceeding with the history OF
this bill | desire say word and tina, Is this;
The attempt of Mr.. Harvey to smrch the Congress
Of the United States and make the people OF TINS
country believe that the people who &C, as members
Of Congress In this country n rule are corrupt
and have been subject to purchase ana sale can %
chara cterized only Infamous. tApplausel ~
nation the face OF the earth ever hau pure %.
Of legislators than have been in ,ns SonsreSs
out with the proposition that In order 10 pvHe ~
cease Ss nsy y must ib S' TTyS are thieves and
drels they had better stop before they Desih' ~
piauseo admit mat Judge She p mav Connected
with his brother John Sherman. and you KNOW ]"
Mr HarveyMDd they impeach Judge sherman?
Mr.. Horr-Judge sherman resigned TSe
public opinion Of this country would not Perm ,br
man 10 hold public position who wouid 90 win nth" the
question whether Mr.. Knox openly ana sqH3hre r
this bill to 6 ye nT > pece the " his
tory Of which h Is here given sw the doar
read that yesterday-'and assuming the value Of
gold to be fifteen and onehaf times that Of sives silver
being about the mean ratio for u the about Sst S three PEI
cent its value being 81 OS i2-lco, and intrinscay
% s%sr son II. va Res thus being
and laws .Ssr unt from
ether in Intrinsic value Ths present gold dO hj
Sf n: . Sss dollar a a0 pscs u wss S
Mr. Sherman was chairman, Of the Finance Com
miiee This bill went Immediately 100 90 his commit COMMIT
tee He said, Only In August of 1893 as fOnOws:
Mr President The Finance commttee r cars srly
s sssu th was O sent 10 US MSff in Apr 1870
cember. 1870. the Committee on Finance; aiter q
sa nd sent y o Of the
desired to read or look over H. reported a. essr
sherman Wiam q reg ca atpal;ed w to hs
Senate Senate Deeember IS 1870 after lying com;
mittee-room eight months. The nature OF me oiii
rom the coinage by the bill framed in the Treas
ury Department Ne one proposed 10 reissue SS cont II,
The a on had e sf 6 S
iation Of not mere than million then. II that mucn.
i rnss W Of sv eaif he secied them
but the silver dollar at that time was worth more
on the gold standard. AS said the bill oy was
printed over ana over again ana hna'iy fepO''e'
The bill came to a vote on January TO- ISL. IN
the Senate. 1t passed by yea ana nay vo Oh
us that he did so, not because it strucl; out the
silver dollar. but because compelled ne Govern Govern,
the people who owned the E1d aoa sver dea SH
had thus been reported and %i'aoT IN any bos
upon II by the House On March - IoH' 49,, no,h 10
been already special session called or ano,h me
Congress MIR. Kelley again introduced THIS PHI,
n shs Committee on Coinage when such committee
should be appointed. Nothing fur sh,nn was o0ne
about it during that entire exit" session
ANOTHER CHARGE OF CORRUPTION
Nr Haryey-Among the many charges OF corrup-
ton made al this period uS0 there was one of Sig
,acanc. when We consider that silver was de-
r,one,,zed by a single sentence being omitted from
the report of the conference committee ana enron
ment of the Mint bill and indicates the power IN
this instance corrupt clerk con;d have ngT,se
iSa. was charged with having demanded s.o( per
month from the bankers and brokers OF .nwS
capital and 5000 when the act passed me salary
grab bill was introduced in the HOUSE DEC. novr a
W.,c ana s7s II Included two years back salary
and aroused exclamation OF indisna.on forssd
out the land. The people rose en- masse anu lof.su
Sonsress 10 repeal this BILL little dreaming at the
time tina, another bin had passed al 'ar The
people could understand salary GRAB. bu, iney
could not understand scientific spoauSn OF the
unit Was in sod and free and unlimited coinage OF
both metals was provided iol ny ,ns' Soar and
, tSsae dollar fractional silver coins only were
10 be regulated by the co az S 10 free and
unlimited coinage Of silver. except as 10 'ne ""'e
dc Tss sindard silver dollar was frauduleny omit
ted after the bill had passed botn houseS' 'Ap
plause)
THE HISTORY Or Inf. ihii'
Mr.. Horr-I wish to say right here that the at
tempt 10 prove that any such bill ever went from
the House and Senate is false. Does any man IN
his senses believe that they ever undertook TO give
free coinage OF silver 10 standard dollar OF Ss'
grains? / will proceed with the exact history OF
this bill as II occurred. Soon after the meeuhe Vi
Congress In January, 1872 January 81. the Dill was
reported by Mr. Kelley. chairman OF the committee
on Coinage. with the recommendation that II pass
The bill read and discussed al iengtn MI, he
said: The Senate took up the bill and acted upon
II during the last Congress. and sent " 10 me
Coinage Weights and Measures. and received as
careful attention as have ever known com COM
mittee TO bestow upon any measure we proceeded
with great s e S S Inc and word ne by word
alteration from the Committee on Coinage Of this
DS 'n at me earliest day Of this
Each member procured a copy OF the bili and .here
Now. then. the next day. January 1872, the bill
after further discussion was again reconmitted
the Coinage Committee by Samuel Hooper, mem
Dor Of Congress from and recon- NJ
iWa. it was again reported BY, Mr.. Hooper, with
scS r. mn an Should be disposed Of April
s. 1871 the bin came up IN the House for considera-
msae Mn Speech upon Of ten columns and
explained the PROVISIONS OF eacn section OF the o
the existing laws defining the silver coins and their
weights Tespectlyey except IN rea' sr 10 rne
silver dollar, wbcn IL reduced IN weight itoH fl112
coin in harmony with the silver coins Of less de-
nomination to secure its concurrent circulation
with them"
Now. there be no doub. they could not have
put that in had their attention not been called TO
the fact that the old silver dollar had been dropped
That committee renstated, not the old dollar. but
the one he has been reading about Of 3si grains.
and made II subsidiary coin like all silver coins
Of the United States 1t Is simply preposterous for
a man to claim for a moment that the committee
or any committee would give free coinage TO silver
dollar Of 3s4 grains. II never done; they
even dreamed OF doing IT, and who would
have proposed It would have stutihed himself be-
fore the American Congress Three hundred and
eighty-four grains made 1t just twice the amount Of
the subsidiary silver half-dolar which was then
being circulated. Congress had already provided
that silver for making subsidiary coins should be
purchased by the Treasurer and paid for by the
Government coined and issued to the people The