Syracuse Courier, The (Newspaper) - August 9, 1893, Syracuse, New York THE SYRACUSE COURIER YOL XXXVII NO 4 SYRACUSE N Y WEDNESDAY AUGUST 9 1893 CENTS f THE easy and have tempted other and more nations to add It to their stock the opportunity we have has not been neglected is shown by the and of the to fulfill its in money bvall civilized countries It was small politics he said that had suggested tlie resolution Tho Semite dare not as tho Senator Maine knew and as the on she flad at of this remarks Mr PUBLIC at gold which have recently drawn from our treasury and exported to the financial strength of Mansion August 7 Message is dispose of such a question in haste Senators on both sides were from last the question oi the of Mr to a scat in Chaplain Says of India's Of THE i Sent to Congress by Tlie excess of exports of gold over Imports for the year June 30 to more than Lending of lie With in ns to the proper to bo applied He trusted that all Iram tie Staire of but sard tlm he not Afk for its Change o w sident Cleveland Where It nil Between the 1st dav of July 1500 and the day of July the gold coin and bunion in our treasury decreased YORK Commenting upon the message the World tomorrow will It is u SHERMAN'S would the question in the of this country Sir My proposition is a oai The Senate shea at until SPEECH IN PARLIAMENT wr while during the same pis tho silver eoln in tlie more than plain honest terse nnd patriotic The president places the responsibility for thb Man After Whom the Great the hands of the President If is any one thing iu Aug The House was called to order promptly at noon Declares That a More Fla i unu C vv and sold to replenish uur gold only to be again exhausted It IB apparent tbe operation of the all parties have upon tlie law His statements of fact are undeniable His conclusions nre undoubted and not uncertain tones t is the appealing cry for immediate Kev Dr Haddaway The which was a rather lengthy one was then read and and Never Been Perpetrated V Of The Obnoxious purchase In force leads In the direction of the entire substitution of silver gold in the government treasury end that this must be followed hy the to oyen and candid minds The president does well to one phase of the trouble which the new chaplain of the Senate opened the proceedings of Finance said would dav sifter took a recess until P M After the recess Mr Springer of Illinois chairman of in the House of Commons day that tbe government intended to attention it This as io wait upon the President an autumn cf Oliver Act effect of a God in whose keeping that the President would Mri added that no ad- -this stage gold and currency upon tbe wage hearts of let I in writing a message to would be until i jv TAKIFF IS TOUCHED established to maintain the two metals on a parity with each other Given over to the nab of a currency greatly to the standard of the commercial world we could Cleveland does not pat -this or too strongly in saying that whatever else people ft to expect from Congress they may demand that legislation rest ou thy honored s the President of the United members of the Sen nte and of House of for the on to iip great it be up far from tlie of cheap Instantly Mir cue of the President's secretaries made his how seat document to the clerk 5 desk where k was read bv of tbe Home Bule were aad supply was voted The lit dent of the board of f- claim a place among nations of bV the of three years in extraordinary session as we beau to lata cabinet i Everybody Anxious to t What The President's Words performance of Its obligation's so far as anch an obligation has been Imposed upon It provide for the use of the people the best nnd safest money HB many of claim experience be- removed from tlic statutes boots as soon us their representatives can deal with it Thn only affirmative action is the recommendation in upon our and Thine ser guides of the people Thy holy inspiration that this time the foundations are of question In the atop and jump by tho from ia in the cf ill case of In the history of Congress such manifested iu a State docaoibtit as was shown by the members of the House to the As the clerk began a hush fell over the tbe of thd inj order that tho m system might bv In speaking to his JUr Iin blamed tha government for Congress Were Great to occupy a larger place in our currency and currency of the message other legislative action may put beyond and dismay panic have hold of tlie public mind may to dp Senator from nearly every member followed the words of ths message intense obstructing of the tion L Manifested by Senators and A i Is obvious that the States will hot ne In a position to gain a hearing iu of an or mistake the intention and ability of Ute its iary in money to devise arid execute such measures that fright shall be expelled aud trade commerce return to very of act comes on of the not on Not a single Tote on our side iwas given Were it not that local papers hafi already Issued extras containing the full text of the message the situation have been painful in its changing of tie Indian system before an opinion bu mutter of urgent WASHINGTON Aug The dent's message lias anxiously V been awaited so Jong appeared today as was expected It was the sole topic iu tlie National both 1 Congress a remarkably large f In the House ami Senate intense in- manifested in the P anil was anxious to learn the h context of the great To the of the United au nud ordinary situation involving tbe of nil uur to result single-handed The Government Plai Not CD Tho Knowledge lii business circles among Its flat equivalent to Intrinsic value nor keep on u parity with superior its dent efforts has resulted in such a of confidence at home In- the stability of currency values Hint capital refuses its aid to new enterprises while millions -are actually with-drawn from the channels of trade and to become Idle anil unproductive In tbn hands of timid owners Foreign only d eel in u to purchase securities but make baste to already have It does not meet the situation to say that apprehension in regard to the future of our finances is and that here Is no reason for of confidence in tbe purposes or power of the government In is that be explicitly given to tlm administration to reinforce the lily of authority is needed and should be given KEK Aug Sun fXo of- as as it is in than tins It m summon session jii promptly n of tlie people desire and of of pledged We lie Democracy on channels The journal of yesterday was read by the new Secretary of the Senate Mr The credentials of George 0 Perkins tinder the the Governor of California in place of the lute Senator were presented and read and the oath of office was administered to the new Senator The Bonate then took a recess p m The recess having expired Mr Harris of the committee to wait upon the President reported that the committee had performed had informed the President would communicate immediately Thereupon one of the President's secretaries appeared nnd delivered the which wris immediately read to the Senate by Mr its act I never believed in it and do idsa of mo hasie to Idie on is the thaiE I iQ years of ii Mr Vest of Missouri said that a par tisan discussion at this time was to be deplored but the Senator from Ohio had made nn extraordinary statement which In justice to all Democratic Senators ought to be now considered The Senator had stated that the Sherman act had been enacted in order to prevent the passage of a free silver Mr To prevent n greater evil Mr Is that a correct the clerk read the signature a general wave of- applause swept over the hall When order had been restored Of caned up the case of Richardson and both claiming to have a prima Utle to a seat in the Honse from the Fifth district Mr Burrows presented the case of Mr contended that the certificates which Mr Lad was one of the best ever presented to the House Mr Weadock presented the claims of Mr Richardson that the action of- the Supreme Court without Sprincer Brown Heard nnd also maintained She legality of Richardson's claims and Dalzell attacked it Gates took a middle course He of India Had Reaped a artificially raising of the iTie effect tit action Had lower the pro tauto value else The government mulcted the of by which it had would not be By 9 this had by 35 npr thj value of the silver held of India A more flagrant qf plunder has nover beon w al civilized Tho been a convulsed financial to Peru the repeal by American Congress of the wonld become inevitable it would partly due to the error that had been committed in India A further fall iff tlie price of silver must follow the ro aill In very existence of this -i lu tho end that a wise t and patriotic exercise of legislative duty which ate solely not evils may I suited and dangers V threatening the fit mar lie Is a menace which ought not for a moment to be disregarded Possibly If the undertaking we have In hand were maintenance of a specific known of silver at tbe honorably tho validity of the There sign of Mr Cleveland does not push tariff reform out of sight or to postpone it to the indefinite future If there been listened the Senate wrth and as flife was Senator WTS seated and appeared to bo on a House provided for the monthly purchase of worth of silver which wo now buv ounces To defeat the measure and also to prevent tho passage decide Two members came rue game each properly certified The matter should not be disposed of in haste Members of the Louse afford to do nnd in order that in conclusion to whether before action in India had with the Our not the I of of conditions related to our natural resources nor Is It to any afflictions which list Kraal growth and with Invitation to safe and wit unsatisfactory to enterprises suddenly y distrust and fair have sprung up on every Side Numerous moneyed Institutions have Ja suspended because nasets were our ability to do so might be estimated and ganged and perhaps In view of onr unparalleled growth upon But our no fixed termination to Increase it can a problem is presented solution Is ftw from The people of the United States are entitled to a sound and stable currency nnd to no silver question demanding even earlier attention lie would have willed Congress together iu extra session a month in the lie as pledged along with every ber of his is the tariff to Mr Cleveland his administration the Democratic in both of and the Democracy nt hinic not to lose a down to aae of tbe fe Republican side oral oa of at either end table Most of the oilier Senators their own choirs no iUre in ail parts of free coinage as passed by the Senate this compromise measure was agreed Mr That Harrison free coinage bin whereas nothing is better known than it was impossible for such a to pass over the President's veto To this Air Sherman retorted he trusted the time would never come have an opportunity to do he that the whole question be referred to the committee on elections when -In line of suggestion Mr moved that tlie re a special committee of five members to be appointed by the speaker with to report within ten Mr motion was eyas in the The loss to iSio of jEor the swcrnmeirt must ba on lut iiJ world Sir to a but hf Immediately available to meet the demands of depositors Surviving corporations anil Individuals are ft content to in money they f are usually anxious to loan and those iu legitimate business are surprised I to find the they offer Isz r loans though heretofore satisfactory are uo longer accepted Values supposed to be are fast coming conjectural and loss and failure 1 have involved every branch of I these things are principally chargeable to Congressional legislation touching the purchase coinage of silver by the general government -This legislation Is in a statute passed on the day of July which was the culmination of much agitation on V tbe subject involved and which mny I considered a truce after n struggle between the advocates of free silver and In tend ins to be more f Silver men Were Mistaken the monthly pit rebuses bv the 1 government ounces of silver 11 that statute were every market of the world Their government has no right fo Injure them financial experiments opposed to the nnd practice of other civilized States nor is It Justified in permitting nn exaggerated and unreasonable reliance 011 our national strength and ability to jeopardize soundness of tho people's money Tlian Putty Politics This matter rises above the of party politics It vitally concerns every aud calling and enters every household In the land Is one aspect of the subject which especially should never be overlooked At times liko tbe present when the evils of unsound finance threaten us the speculator mnv anticipate n harvest f roar the misfortune of others tbo capitalist may protect himself by hoarding or may even find profit In the of values but the the first to be injured by a depreciated currency and the last to receive the benefit of Its correction is practically defenceless He for work upon the ventures of confident anil contented capital This failing him his condition is without alleviation for he can neither prey on tbe misfortunes of others nor hoard his today nnd so a majority of the people as shown by their suffrages desire and It is such a reform of the tariff as is described in the platform upon which Mr Cleveland and the Democratic congress were elected It is not trade or necessarily even nn approach to free trade It is a tariff for revenue only the only constitutional according to n men till principle of the party a tariff from which every of protection shall have been eliminated TJia Tribune say Honor to tke The his part well He ito as soon as of act passed 14 tho sliver and other action pni -ail doubt of to fulfill its in As soon as at was of Indiana that the be io on Batter Jet at lie on tibe said Mr Stewart of we want to soino it If any Mr Voorhis replied I will insist on morion Is the of -in Mrr rha lint answer President's was to im mediately and to the for nnd the aiAl the Ait 2 P XT Senator ii i vore Sn tlie on repeal of silver net on Hire The first hill introduced in the would citing compel or induce tho to save it from the consequences of its own action Mr Does tho Senator think that this measure should be disposal of without references to and being considered by the Committee on Mr No sir I do nor I that tho time will come and it is probably not far distant when the Senate like every other body of over SO iba to ito soaue expedient hy a majority vote of putting au to debate But I do not want that principle added to this case I wish to see the if there ever was a time when fair discussion should be allowed it is now But I thick we can appeal to those who resist the proposed measures as Senators as patriotic as patriotic Democrats not to extend their arguments ami speeches to an undue length I would not however hurry or hasten any man in the expression of his opinion I The following Democrats voted with the in the Bower Cobb Hall Harris Hayes Martin Gates aud Tracey The Populists voted with vote on the Republican resolution declaring Belknap entitled to his seit on a facie ease and it was 114 193 Mr resolution for tlie immediate in of Mr was to without division and Mr Richardson came forward ami On motion of Mr against the of his Mr Hooker the membership of the Committee on Rules increased a resolution the Speaker to appoint the Committee on Rules Accounts Enrolled Bills and Mileage with the membership to which they were entitled in tho Congress and referring tho rules of that Congress to the Committee on quite prepared io defend in gorei said was indicated to by tlie of Referring to the proposals of the ted States at the international tary conference nt Brussels Sir William said that the United States had proposed the conference should the question of some measure for increasing the use of eilver in the currencies of nm tions As a matter of fact England almost the only power to support such a resolution a S fur ns would not affect internal British Tho Indian had been reserved Iu conclusion Sir William denied the populace ifl India were suffering much as they were alleged to be Arthur James Balfour i lender said this was not a ical question Tho had heen driven to commit a financial they appeared to think they t certain guaranty of Its increase in The result however has been entirely for iin mediately a ami slight rise the price of of the greatest statesmen our country ago when n derangement of the currency had caused commercial distress many lie docs not propose a sweeping repeal of the act but 10 save its valuable provisions session was wf Senator Hill provides for the repeal of sections 1 3 and 4 of the act and declares that this repeal is not to he that the time will come after we considered the matter with moderation and patience when we will come to some common that will soon as introduction of bills was in order Mr Hill of York introduced a to repeal certain sections of lie Sherman act and was referred to submit to criticism of their CODT duct The speech just made by the chan cellor of the exchequer wits virtually snuer nt the present financial situation f began to fall after the passage of the act and has since the lowest point X known This result has led tn renewed anil persistent effort In tbo direction of free silver man of all others who lias the deepest Interest In a sound currency nnd wlv suffers most by legislation in money Is the man who cams his daily bread by his daily many he sees that positive action will be needed to put an end the fear that may trample on old obligations Ho does not suggest any as an of bat tiie policy of the Government be the of soli and silver ns the standard of the public mind which will the manufacturing establishments from the fear they now of a change in tbe laws and which Finance Committee That was followed bv two bills introduced by Mr Stewart of one to restore the of one which he also made by Sir John and Leonard the Parsee Meanwhile not only arc the evil effects of- the operations uf the present law Stantly but the result to which its must Inevitably lend Is becoming palpable to all who give the least herd to This law that in payment for the ounces of silver bullion day they were uttered and outfit to impressively remind us that a failure in the discharge of our duty at this time must especially Injure those of our countrymen and who because of their number and condition arc entitled to the most watchful care of that a compromise urges that such relief as Congress can afford in existing situation be afforded it and declares that every delay in removing one of plain and principal causes of tlic present state of the already done and increases tl e responsibility of the Government for to the accomplishment of which the Government shall be ant safely directed A resolution was introduced bv that the American policy from tradition anil interest favors bimetallism and the freo anil the people of the who have their humble hoardings in savings bunks from the apprehensions now io withdraw their and board it With these remarks I leave the matter to the Senate I will vote for no measure of extreme urgency to meet the existing troubles to supply a deficiency in the currency The latter directs the Secretory of the Treasury to issue silver for the silver bullion now in the Treasury in excess of the to redeem outstanding the natives of India all ready the of the tbat they soon through sufi fc the wrong done them Sir William moved the clot sure of- the The Trot without a ditmon treasury notes redeemable on demand in sold or silver coin at the discretion of the Secretary of the Treasury and that said notes mny be reissued It Is however clared in the net to be the established policy of- the United to maintain the two metals on a parity with cacb other upon the present ratio or such is of tbe utmost Importance that such relief as Congress can in the existing situation be at once The maxim He gives twice who gives is directly applicable It may be true that Uic evils apprehended ns from those President deserves high honor for this so free from every suggestion of trimming and compromise at n time tho air is full of bartering schemes so earnest and stronp in its appeal to the good sense of men of all to stop tlic dread of that it is tho policy of the United States to maintain the parity of the two metals so that the nnd tlie every it nil times and it is the duty of Confess to speedily enact said the matter should be approached in a becoming spirit not in the spirit of The jockey movement of the senator from he hoped would meet no imitation hereafter Mr Sherman said that in some of per cent bonds He made ft brief statement in explanation of the latter and expressed the hope it would be acted upon without delay Both bills were referred to the Finance Committee Many other billy financial and otherwise were introduced and mS at eadi at Palmer's doubtless unexcelled Annual Council Aug The great of Red illea J as mny be provided by tion so controls the action of tbo Secretary 3 of the Treasury as to prevent his tlie discretion nominally vested in him Hon of the We mny hope too that calm will prevail and that neither the lists nor the will sivc away to unreasonable panic and sacrifice their property or their Interests under of exaggerated on the money question distinction of party men who care for tlic public welfare will him ho is so clearly in Laid on table Mr Halo nf Maine offered a resolution the hour of daily of tin after tomorrow at 1.1 A JI Ho said thai the President hatl of the senator from he cheerfully concurred He believed Jho ought to meet the presented bv the president with moderation deliberation candor and fairness Mr announced the of his colleague and as a mark of respect to the of the demised the House at ra this chy A parade in iby members lire great of E by such nation the parity between every day's In removing one Times will lie did not wish m outer until C Coaler F phi a silver mny be manifestly a refusal by tho Secretary to pay these plain and of the present state of things enlarges the mischief comment on tlic of the to to tn the maxim political debate but he would say now that the act which was now Tnr W of M A of citr It aa U result discredit and nnd Increases of A be reversed had beon by AUK The fully 15.000 as obligations payable only In people have to expect from 1 in tho dancer of the two ic of will hold Tha i tbe parity between the two metals by a they may certainly demand that of it not to the President's to a the free coinage of silver I subject Mr tomorrow morning for the until FrithY t In of gold Up to the day of July from the statute books ns soon Si the of the working day nnd thus the into some details and Ins on tlic of of bullion to the of more than While all but n very 7 email of tills bullion remains Coined and without In the many of the notes in its have been paid la gold This Is by the statement that that the 1st of nnd representatives can legitimately deal with It special session early In the coming September might enter promptly upon the work Of tariff reform which the true Interests of the country demand which so large n majority of the -Is of to will Kopeal the Inw stop bnv ns silver i- the nitti of of the which the President won no on who did desire so as his he to the liont ff thia fit misfit be to lie him homo There nn business interest of responsible for the act Tie added however that every of it was wise conclusive and just the for the repeal of which he would now vote with the pleasure If the senator from and his friends for n Can ran AOB At the dose of the day's proceeding in the House Mr sent to the clerk's desk nnd rend a call for n caucus in tho hall of the house at 13 Arc S The number of fourth class postmasters appointed today was 76 of which 2T were to fill caused by and death Among tbe appointments tho following for New Charles G N Farnham jr Vorth of Inly tbe notes of this r kind In payment for silver and to the by 10 did rnt demand na of the Sherman act free of amounted to a little more than i nnd that the same period about were paid by the treasury in cold 1 lor redemption of such effort of tho present administration Is pledged lint while tariff reform has lost nothing of Its immediate nnd permanent importance nnd must In liio assorting tariff reform must entice the of in fut lire Mr vela nil that the critical Tf Senate wore to take a voto matter on he of A as by senators wonM concur them Thus they would the fears and of the position from the to Palmer's for anything in the clothing line at rock bottom Sillier Killed Tha snan At tha list week has policy adopted of the attention of Congress It must be considered iHi he thought of mind although ho the these notes In cold hns not spared tbe cold reserve of Ions set by thn for the of other notes for this fund has already the country should at once and before all other subjects be considered bv vimr honorable before any other subject LONDON The Post commenting on President would 10 n better to moet 11 lie to far than the peril sj further discussion this lime Mr of Elisha P Wilbur of the Valley today as one of anany J subjected to tbo of new ike America cannot woll fo n taken upon it Mr bo of iho home J if and has ss a for the first time since Its Uie of tho act passed H authorizing tho purchase of silver some action is the Committee on Finance Mr Gorman resented Mr when they will tu tho United Slates District Court appointed John Welsh serges and all manner of S the rf til mistake on Fifth being made Jn
