New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-31

of the Sherman Act was under consideration. The
prevailed then prevailed now; and the same
cf pressure which was brough, to bear then
London dispatch in to-days New-YOrk sun"
stating sta the reasons that existed in England for
ne sad that what this country needed was little
more personal character lite more business
methods and less criticism OF people who represented
Tned States M Wooi somnn ns no
Der of II who stands for silver who has not back
tuency. and he would be false to every trust that
he [epresens II he violates that public opinion
dishonest business methods. seek 10 control the
by more decent and more honorable methods
SENATOR sHERMAN's SPEECH
Mr. Sherman REP Ohio) a member OF the FL
nance Committee, next addressed the Senate. II
was manifest. he said, that the contest whether
this country should be standard OF silver or
standard of gold money could not be longer
avoided. That the question which doomed In
the distance. He had hoped that for the present
session at least it would not have to be taken up.
the financial conditions felt that 1t necessary
to extend to the Government some relief under
that they should give no relief whatever. except
with the adoption of measure Cor the free coin.
the system of free coinage CT silver would de-
grade era xa 5hS Nation the financial people of
world yes. among the aboring men OF the
dued r. any he
lay between a gold standard and a silver standard.
for that standard which was the highest and best.
and which was the standard OF al the civilized
standard had been rejected over and over again
But But, Mr. sherman continued Il have always
oeheved. and / sun believe, That both silver and
gold ought 10 be maintained as the circulation Of
this countrymgold a. the highest measure OF value
basis of our commercial and business relations al
possible long as it does not demoneiize gold.
am or that belief now; but am bound TO say that
deal with this vast question. We are quite divided
upon it, We are not allowed TO propose measure
there Is attached to 1t provision for the free
would be rejected and therefore II Is insisted upon.
so as 10 prevent any relief being extended to the
people Of the United states in the present eondi-
ure OF relief might be adopted 70 lf US out OF our
nansai dsues ne n S1d w rner seg
law has been invaded and taken from the Treasury
caused through the action of this Congress
Mr.. Cullom-That is what wanted to find out.
THE PRESIDENT NOT FRhNK
Mr.. Shenandoah it is. sir. The President does
not frankly state this he generally does He
says that 1t is not the question Of want OF revenue.
but the dminution OF gold He says tina; the United
States are presented for payment in gold.
and that the gold is paid out on them II these
United States notes had been left in the Treasury
untouched there would have been dif1culty or
tina; kind. But the Administration. under the ur,
States notes-iust redeemed in eod-and paid them
out for the ordinary expenses of the Government
to supply deficiency in the revenue. There is the
single measure allowing the sale of per cent bonds
that to be the same~the loan Will be eagerly taken.
or, If you dc. no, want TO deal with bankers and
eertidcates Of indebtedness, promising to pay them
ss ss b an of aHd the ne no%
today slSeoooOcD deposited in the savings banks Of
the poor laboring men Of the country. GIVE them
the opportunity and they will supply your deficiency
But until then you bound by every obligation
the demands Of the people OF the United states no,
undsturbed for twelve long years in order now 10
e she aeisnG and p xSf e attention.
Of Congress ousnk to be iwnsssss:y and directly
upon proposition which would at once supply this
need of revenue and meet this deficiency. But under
the present system when United States notes come
into the Treasury they are at at once paid out again
and then they come in again: Let those notes be
kept in the Treasury. where they ought 10 be kept;
Keep them 10 supply the god vacuum. and II VIII
be long before they be come valuable that they
wanted ed is &c eonsdence in Your ability and Willingness
10 maintain the present standard OF value The
charge n t 'S on Finance
consideration OF this question and to take 1t up IL
self and give the necessary relief TO the country.
Mr.. Stewart pop. New maintained that the
whole trouble grew out OF failure TO execute the
laws. There and had been unjust dis
elimination in favor OF gold and against silver The
President had set himself up against the law and
on the country.
HILL GETS AFTER CARLISLE.
Mr.. Hill dem. y. ". taking up the financial
question again, said there seemed to be dispute
to what this Congress required 10 do to meet
the public expectation In the public mind there
impression that some affirmative legislation
desired to meet the present deficiencies In the
revenue OF the Government, and that Congress. un-
mindful OF it's duties refusing 10 give the
rel Of to no siiYy he erper
Il was for the purpose, OF meeting the alleged DE-
Sherman had said that the revenues should be in
creased. and Mr.. Vest had said semo officially that
desired that we should settle the currency question
Mr.. Hi commended that the first duty OF the Senate
10 ascertain what was wanted by the Admins
traton and the Treasury Department: whether 1t
n nvons Change the cnrcy and nanca
system Of the country
President in his message said there not de-
fciency, but surplus. but that 1t was not In god
thought the Presidents message took e rather
cheerful view OF the condition OF the hnanc ,
OF ne iafs Of 70
gested deficiency Of 600. The Senate should
have II definitely determined whether any tenn
porary fiscal legislation desired or somethins
as sa ff be the pu h on the uS ' s
that the Administration might deal fairly with
Congress and Congress fairly with the Admins
Mr. Hill introduced resolution directing the
wbether # was necessary or desirable that legisla
ton should be had to authorize the issue OF bonds
Treasury notes or other securities to , realize
moneys for the purpose OF paying current deiicien-
cics I'm the revenue and II So the nature and sub
stantal details OF such legislation.
Mr. Allen pop. Neb) objected, ana under the
rule the resolution went until tomorrow
Mr. George Dem. Miss.) in charge OF the Bank
ruptcy bill submitted a resolution which was re.
ferred to the Committee on Rules. provdlng that
from and after February the Senate should meet
daily at o'clock. In explanation or tins resolu-
tiop Mr. George called attention to some news
paper paragraphs Indicating Obstructive tactics
on the part of the Republicans Intending to pre-
vent action on the Bankruptcy bill. This gave rise
to a short discussion I'm which Republicans dehled
with more or less irony the accuracy OF the report
In the midst OF this debate Mr. Morgan u,em Dem
Ala) moved executive session. his noton teh a,
ing TO prove the story that the bankruptcy Dill
was 10 be cast aside at the Will OF the senate.
Meanwhile the credentials OF Mr. Wolcott IRE