Omaha Daily Bee Newspaper, August 9, 1893, Page 1

I'ABLI! HED J1 s imports for the year ending June 30, 1503, amounted to more than £57.500,000. Between OMAIA, WEDNI Mr. Burrouzns presented the case of Mr. | important matter on the 83 of August, s Belknap and contended that the certificate | proposed by Mr. Lodee, and which he amounts of wold which have retently been | rall called up the case of Richardson and “ interest of -y that aid not drawn from our treasury and cxported to | Belknap, both claiming to have a “prima | command, president said) increase the financial strength of foreign | facie” title to a seat in the house from the | swift legislation. the sonate | nations. The excess of exports of gold over | Fifth Michizan district were to take A ¥oto on this the 18t day of July, 1500, and the 15th day of July, 183, the gold eoin and bullion in our Purchases of Silver by the Government Must | treasuty decreased more than 12,000,000, Be Stopped Inctanter, while during the same period the silver coin and buliion in the treasury increased mor than 147,000,000, U ss government bonds s to be constantly issued and sold to replen SUCH 1S THE DEMAND OF THE PRESIDENT | h O o B ot that the Oongress Urged to Unconditionally Wipe | Out the Sherman Law, again exhausted, it is apparent that the operation of the silver purchase law now in force leads in the direction of the entire substitution of silver for gola in the govern nt treasury, and that this must be fo lowed by the payment of all government obligations in_depreciated silver. At this stage gold and _silyer wust part company and the government must fail in the es- ACTION OUGHT TO BE TAKEN AT ONCE | tablished policy to maintain the two metals on a parity with each other. Given over to the exclusive use of a curroncy srreatly de- preciated according to the standard of the N O} 101 vorle e could no longe: Businoss of the Whole Oountry Urgently | commercial world, we could ho longer claim Calls for mieli a place among the nations of the fiest clus: nor could our government claim the pe formance of its oblization, so far as such obligations had been imposed upon 1t to provide for the use of the people the best IT'S A STANDING MENACE TO INDUSTRY | and safest money. Wo Can't Foree Silver on the Worl If, as many of its friends claim, silver More Than Anything Else the Law is Re- | OUEht to occuns il sponsible for Hard Times, orld through ment, obvious thut the United States will not be in a position to gain a hearing n favor of such an arranzement so long s we OUR MONEY MUST BE GOOD EVERYWHERE | aro willing to contimue our atteipt to ac- In Order Muke it So We Cannot Use | inferior Silver Unicss an International Agree- ment is Entered Into—Tarlll o the Background, Wasnmvaron, Aug. 8.—~The message delivered to congr follows: complish the result single-handed. The knowledge in business circles among our people that the vovernment cannot make its flat equivalent to intrinsic value, nor keep money on A parity with superior money by 1ts own_independent efforts, has resulted in such a lack of coufidence at home in the stability of currency values that capi- tal refuses its aid to new enterprises, while millions are actually witharawn from tho chanuels of trade and commerce to become idle and unvroductive in the hands of timid prosident’s | owners. Forcign investors, equully alert, toduy is as | Mot only decline to purchase American secur- To e CONGRESS OF THE UNITED STATES The existen of an alurming ordinary business situation, constrained me to call together in extra session the people’s represen gress to the end that, throu patriotic exereise of the averted, involving tives id extra ities, but make haste tosacritice those which they already have It does not meet the situation to say that - | the apprehension in regard to the future of the | our finances is groundicss. and that there is nd prosperity of all our people, has | 10 Feason for luck of confidence in the pur- poses or the power of the government prom- ises. The very existence of this apprehen- m con- | sion and lack of contidence, howeve d, the wise and | is & m chou \ monent 1o legislative with which they solely are charged, the present evils may be mitigated dangers threatening the future duty | be disregarded. Dossibly, if iking nd were the maintenance specific known quantity of silver at a parity and the®| with gold, our ability to do so might be esti- muy be » | mated and gaueed: and perhaps, i view of our unparalleled growth andresources,might Our unfortunate financial phight is not the | D6 favorably passed upon; but when our result of untoward events nor conditions re lated to our natural resources, nor is it tr able to any of the afflictions w quently check national crowth perity. With plenteous abundant promise of remunc tion and manufacture, with crops, tion to safe investment, and satisfactory assurance to loan, and those engaged in business prise, suddenly finaneial distrust huve sprang up on every side. cd ustitutions have worc available to meet the ssitors. Surviving tions and mdividuals aro conteat to k hand mouney they are usually logitimato busi- ness are surprised to find that securitics and nd Numerous | experiments opposed 1o the policy and prac- suspended not immedi demand corpora ich fre pros- | har s roblewm is with ative produc- unusual in with onter wvowed endeavor is to maintain such parity in regard to an amount of silver increasing at the rate of 50,000,000 yearly, with no fixed te ati uch whose solution is free from doubt. Labor Saifers tho Most. The people of the United States are en- titled to some stable currency and to money recognized as such n every exchange and m tof tho world. Their govern- fear | ment has no right to injure them by financial p i they offer for loans, though heretofore sati factory, are no lougeraccepted. Values sup- | the present. v the evils of unsound posed to be fixed are fast becomin jectural; and losses and failure vaded every branch of busines: Hurd Timoes Due to the Sherman Law, I believe these things chargeable to congressio 14th day of July, 150, involved, and which may are al 1 con- have in principally Lvel This legisla- | tice of other civiliz s, nor s it justd- ficd in permitting ted and un- reasonable reliance on our national strength | and ability to jeopardize the soundness of the people’s money. ‘This matter rises above 1 | the planc of party volitics. It vitally con- anxious to | €erns very business nd calling, and enters every household in the lund. There is” one important aspect of the subject which especially should never be overlooked, A times like finance threaten us, the speculator may an- ticipate a harvest gathered from the misfo tunes of others: the capitalist may protect himself by ho: or may even find a profit in the fluctuation of values; but the wage carner, the first to be injured by de- preciated currency anda the last to r slation 47the benefit of its” correction, is practically touching the purchase and cointge of » by the general government. tion is embodicd in a statute passed on the which v | defenseless. He relies for work upon the ventures of confident and contented capital. This failing him, his condition is without alleyiation, for ho can neither prey on the was the cul- | misfortunes of others nov hoard his lnbor. wination of wuch agitation on the subject | One of the greatest statesmen our country be considercd o | has kuown, speaking more than fifty truce, after a loug struggle, botweon the [ #K0, whew a derangement of the cur advocates of free silver coinago and those in- tending to be more cobservative. doubtedly the wonthly pu chases Un had caused commercial distress, snid ““The very man of all others wko has the - | deepest interest in a sound currency, and by the | who suffers by mischiovous legislation in government of 4,500,000 ounces of silver, | MoRCtary matters, is the man “who earus forced under that statute, w those interested in silver regarded by production as a thoy were utte certam guaranty of its increase in ‘I'he result, however, has been ferent. for ammediately and has since reached the low known. This disappomnting result has led following spasmodic and slight rise the price of silver began 1w fall after the pas pric eutirely dif- o of our duty at this time must e his duily bread by his daily toil.” S words a pertiuent now as the d and,ought to impres mind us that failure in the dis the njure those of our countrymen who labor, and who, because of their number and condition, are entitled to the most watchful age of the act | care of their government. point to renewed and persistent effort direction of free silver coinage, Meanwhile, not only are the evil effects of evel B Immedinte Repent Demandod. e | Tt 1s of the utmost importance that such relief as congress can afford in the existing situation bo afforded at once. The maxiu, who gives quickly, the operation of the present lawwconstantly applicable. Tt may be true that th accumulating, but the r exccution must inevitably palpable to all who give the least heed to financial subjects. This law provides that m payment for tho 000 ounces of bullion which the seerctary is commanded to purchase re shall be issued treasury sult ily of the tre monthly notes redecm- to which its | embarrassments from which the business of lead s becoming | the country is suffering arise as much from ovils apprehended as from those actually ex- istinz. Weo may hope, too, that calm ¢oun- scls will prevail, aud that neither capitalist nor the wage earner will to unrcasoning panic and s property or their interests under the influen of exnggerated foars. Neverthel overy day's delay in removing one of the plain ani able on demand in gold or silver coin, at the | princi wuses of the present discretion of the secretary of the treasury, | thirgs es the mischief alre and that said notes may be r however, declared in th issued U to established volicy of the United Si maintain the two metuls upon a parity with | lation condemned by the 1 of ch other upon the present log: such ratio as may be provided by liw. Bad Feature of the Law. This declaration so controls the action of the secretary of the tiusw his exercising the discre as to prevent ion nominally vestod in him, if by such action the parit between gold and silver may be disturbed, | work of tariff reform, which the true in- Manifestly the refusal by pay these treasury notes manded, would necessarily Qiscredit and depreciation the parity between the two the sccretal in gold, result ‘to | terests of the country clearly demand,, it de. | Whicha larze majority of the people, as in their Ivis, | and increases the responsibility of the g tho crament for its existence. Whateve the people have o right teexpect from tes 1o | opess, they may certainly demand that le; gl ratio, or | years' disustrous exy shall be moved from the statute books #s Soon as their represeatatives can legitimatoly deal with it. Tarilt Reform of ndary Importanee, It Wwas my purpose to summon congress in speclal session carly in the coming Septem- ber that we might enter promptly upon the shown by their suffrages, desire and expect, and to the accomphishment of which every as obligations | effort of the present administration is payable only in silver, and would destroy | pledeed, But while tariff reform has lost establishing Yscrimination in favor of gold Uptothe 15th day of July, 1503, notes had been issued in the these ment of sil motals by | Dothing of its immediate and permanent im- portance, and must in the near future engiage the attention of congress, it has secmed to me that the financial coudition of the country should at once and befor ver bullion purchased to the amount of more | other subjects be considered by your hounor- than $147,000,00. While all small quantity of this bullion coined and without usefulness in the ury, wany of the notes given in its purchase | bullion, and other lemslative action that is illustrated | may put beyond all doubt or mistake the by the statement that botween the 1st day | intention and the ability of the government huve been paid in gold, ‘This and the i5th day of July, notes of this kind issued in pay vor bullion amounted to a little more 94,000,000, and that during the same period about $49,000,000 were paid by the t but a romuing went for very un sil thun sury in gold for the redemption of such notes. The policy necessarily adopted theso notes in gold has not spared the gold resorve of §100,000,000 long ago set aside by the government for the red, notes, for this fund bas already now jected to the payment beeu eucroached upon. It Caused the Draln of Gold, sub able body. 1earnostly recommend the prompt 1 of the provisions of the aet passed July 18 treas- | 1500, authoriziug the purchuse of silver to fulfill its pecuniary oblizations in money universally = recoguized by all civilizes countries GROVEK CLEVELAND, IXECUTIVE MaNsION, August 7, 1593, CONGRESSWEN HEARD IT, Domocrats Applaud the Messige and Ke of paying abligans Smile Over TarY Ko WASHINGTON, Aug. 8.—After the reading of the journal the house took u recess till uption of other | 12:45 p. m. peuding tho receipt of the presi- been oblig dent's message, the joint committee of the tions | two houses having unavoidably been deluyed amounting to about §150.000.000 on account of silver purchases, and hus, as a couse- quence, for the first tme since its creation | o hear from him. in the business of notifying the chief ngis trate that congress was organized and ready When the house reconvencd the president’s messuge was read. Ihe reading was listened to with intense interest and iu dead silence. ‘There were & number We have thus made the depletion of our | of broad swiles on the republican side at the gold easy, und huve tempted other and more | President's ullusion to tariff reform us a approciative nations to add it to the That the opportuuity we offered has nov stock, | Secondary issue at this time. At tnecon clusion of the reading the message was loudly applauded by the democrats. been ueglected has beon shown by the lurge When order had been restored Mr, O'Fer- which Mr. Belknap had was one of the best | thought that two-thirds of the republican ever vresented to the house, senators would favor, 10 o'clock would be a Mr., Weadock presented the claims of Mr. | better hour to meet then 11 o'clock. He was Richardson, stating that the action of the | willing to modify his resojution accordingly. supreme court of Michigan was clearly with- | He did not propose to haye a vote taken upon out Jurisdiction it now, but he thought he would move its Messrs, Springer, Brown of Indiana, Heard | reference to the committec on finance. He and O'Ferrall also maintamed the lezality | knew that the chairman of that commitice of Richardson’s claims, and Mr. Dalzell | (Mr. Voorhees) had been always sound on ked 1t the money question, and that soundness was Oates suggested that the whole | supposed to have been tecently strengthened, question be referred to the committee on | if that were possible. He could get his com- elections when appointed. mittee together tomortow and could_ report Unsented the Republiean, of Course, tomorrow a Joint rasolution repealing the 3 purchase clause of tha Shovman act, and Mr. Dingloy movel the matter bo reforrel | tho senate could fiot to — work upon to a special committee of five members, with | iy on Thursday = and set itself instructions to report within ten days. Mr. | soriously to the business of the country, The Dingley's wotion was lost S, 188; nays, | prosident, he added, had made a porfunctory 14, The following democrats voted with | gliusion to the tariff, but there w not a the republicans in_the afirmative: Bower, | gonator present who @id not know that the Cobb, Cummings, Hall of Minnesota, Harris, | democratic party would 1o more dare to at- Harter, Hayes, Martin of Indiana, Oates | y tho tariff quostion thau a sane man and Tracy, The populists voted with the | would dare to graspa wire rged with democrats, electricity. Congress was in session for the Tien came the vote on the republican | golo purpose of considering tho financial resolution declaring Belknap entitled to his | question. Senators on the republican side scat on a prima facie case, and 1t was de- | ganted immediate action, They wanted the s, ¢ ' senator from Indiana (Mr. Voorhees) to ro- all’s resolution for the immediate | pore o billin accordance with the patriotic swearing in of Richardson, was agreed to | suggestions of the prosident. so the senate without division. and Richardson came for- | could get to work on Thursday mornin ward and qualitied. Such a measure could only be passed in ono On motion of Mr. Catchings, @ resolution | \way—and that was by bho senate sitting doy was adopted authorizing the speaker to ap- | und aight and Sunday voint the committes on rules, accounts, en- . rolled bills and mileage, with the member- (il s s LU ship to which they were entitled in the | Mr. Gorman of Marylund resented Mr. ifty-second congress, referring the rules of | Hale's remarks as being made to gain parti- that congress to the committee on rules. san advantage. It was “small politics,” he Mr. Reilly announced the death of his col- | said, that had suggested the resolution, The league, William Mutchler, and as « mark of | senate dare not (as the senator from Maine respect to the memory of the dec (d, the | knew and as the country knew) dispose of house adjourned il Thursday. such a question in_haste. Senators on both At the cluse of the day's proceedings in | sides were divided ) opinion as to the the house, Mr. Biand sent to the clerk's | proper remedy to be upplied. He trusted desk and had read a call for a caucus in the | that all senators would arise above mere hall of the house at 12 o'cloc morrow of | partisanship and would settle the question “all members in favor of the free coinage of | in the interest of the fountry, and ho hoped silvel nothing would be dode on the republican b T Dl side of the chamber to excite party feeling RUSHL OF BILLS IN THE SENAT on the democratic side. He trusted from v this time on it would be thoroughly under- HIl Introduces the First Measure and | gri04 that senators were to serve their Stewart Follows with Free Coinago Idens. | country; that there was an awful condition WasHINGTON, Aug. 8, 'he proceedings in | of things existin, and that they would the s e today wero of great public inter- | come to the consideration of the (uestion cst. In the first place the president's mes- | deliberately and calmly with a view of the re was read and listencd to with marked L’;“[‘“(“"‘? trf A LA i ) attention on both sides of the chamber. The x message was “referred to the committee on H i e e Mr. Hule—My proposition is a serious finance and its fmmediato printing was | ,.,gition, It is mado with the view of ordered. Then the floodgates of legislation strengthening the hands of tho president. were thrown open and a current of bills on | If there is any one thing ,in the president's financial and other subjects was admitted. Mr. Hill of New York was the first senator to got in a bill for the repeal of the purch BRI 38 I e N e LR CITE 4 [ REy e ing clause of the Sherman act. Mr. Stewart | vautage, deter this sido of the chamber from of Nevada followed with two other bills (and | standing up to the president's suzwestions. a specch) on the smmne subject. In tho ~Voorhees, chairman of the finance SpebolihelaBalareal R imimsl T agulnst thom jittee, said that the committee would i Intended to Support the President., The senator from Maryland will BY S e d sueh e | be convened day after day Lot i ,1:\.:{';;,;“‘:{‘,\,:1 andiainipholitre Several Republicans—Why not tomorrow? A resolution was offered by Mr. Lodge of iments of Senator Vool Massachusetts directing the committee on | My Voorhees—I shull issue the call tomor- finance to report a bill for the repeal of the | yow for the committee to mect Thursday to purchase clause of the Sherman act and pro- | o up the great question, as it must bo viding for a vote on the passage of such bill | tuicen up far away from the spoeches of by the 22d of August, if not sooncr reached. | cheap demugogues, sucli @s we have been This rosolution was supplemented by | ligtening to. — Tho ides of dealing with another, offercd by Mr. Hale of Maine, fix- | the questions in the hop-skip-and-jump ing the hour of meeting of the senate from | giyle suegostod by the. senagor from Maine and after Thursday nextat 11 a. m. it SRR T thet T aftod _These rcsolutions precipituted o articularly in the case of a senator sion, in which several of the leadin who is now forward te undo what he has on both sides of the chamber - | helped to do. ‘Ihe senator from Maino for- They went over without action, and will be | gots' that every curse of the Sherman law. laid” before the senate tomorrow. In the | comes home to roost om that side of the course of the discussion Mr. Sherman de- o ROb SR RN B 8 e D Evobet on clared hivself in favor of a full and fair de- B AIRYEL v RH Or th b I6rab] 5 0L T bate, without limitation or_cloture, und M ¥ believed iu it and do not now, but the Teller said that the debate would not come | jden of the senttor from Maine appealing to to an end in thirty days, or even in sixty | me to make haste and undo the infamy and days. A > fraud which ne himself voted to fasten on After the morning routine, the senate | ihis country is about the most refreshing took a1 Gl 1245 p. m. to await the | hat 1 have witnessed in thirty years of arrival of the president’s message. public iife. |Langhterand handclaps on the _On reconvening the message was read. | floor and 1 the gallerics, the galleries being Seldom in the history of the senate has a raved for their share m the demonstra. message been listened to with such close | tion by the presiding ofticer, Mr. Blackburn atteation, Every senator sgemed on a nerv- | of Kentucky. | ous strain not to loso word. In the course of further colloquy Mr. Referred and Ordere nted. \'mrrliw‘; said Ilhl' mntter should be :|.|\— 5001 vas endet TooFhooe(o! worched in a becoming spirit, not in the T 0on e d i) ‘“lt' lidiriavoorhocsof Spirit of jockeyiwm, . This -jockey move 1 d e printed and re o G St ferred to the committee on finance. IDOLVEOTE 101518 tous LM inGRIISIHODE N etter letat i on tho. tabie s said Mr, | Would meet no imitutioh hereafter. Stewart of Nevada “'we may want to mi Senmtor Shermun Explans, some remarks about it. Mr. SSherman said that the act which was I any semutor w now sought to be reverssd had been cau: Voorhe by the imminent dangor of the two housc oa the motion. agrecing to a bill for the free coinaze of sil Mr. Voorhees. Ly senator | yor, M man went into some details can address the senate ou the subject of the | Ghion have been frequently published, and MEessige Just as after it s referred as id t nds on the other side of the ifit was on the table. ‘The usual course is | chamber were respousible for the Sherman toorder s message to be printed and re- | yer. He added, however, that overy provi ferred to a committee, sion of it was wise, consorvative and just ~Very well except the purcnasing clause, for the repeal size was the of which ne would no.y vote with the great- t b e on finance with orders that | est of pleasure, I wish to see the broades it pe printed immediately A discussion and will yote for no measure of Mr. Dolph of Oregon gave notice that he | oxtreme urgency to- press a decision of the sfter the morning business, address | (uestion.” 3 the senate on the subjeet of finance. Mr. Vest of Missourl said thav a partisan A Targe number of petitions for and | giseussion at this time was to be deploved, against the repeal of thoSherman act were | pyy cuator from Otiio had made an ex- presented and referved. ‘hen it wis an- | yraordinary statement, which, in justice to nounced that the introduction of bills was all demoe! it 1o be now inorder. considered. The senator had stated that First Dlood for:David 1, the Sherman act had heon enaeted - order The first bill of the session was introduced | to prevent the passugo of i free silver bill. by Mr, Hill of New York, its titie being *To | Mr. Sherman o prevent agreater evil Repeal Certain Sections of the Actof July M. Vest—Is that a correct statement ? 14, 15007 It was referred without reading | Mr, Sherman—The house providea for the to the committee on finance monthly purchase of $4,500,000 worth of sil- The next two bills were introduc . | ver, which would now buy 6,500,000 ounces rvof Nevada, Their titles w To | Mo defeat that me: ud also to prevent store the Right of Coinage,” and *To | the passag 2 bill s possod Supply the Deficiency in the Currency.” | by the senate, this cowpromise was agreed Intter bill was read in full. It dir upon ecrotary of the treasury to issue silver Would (arrison Have Sigoed It certi qual in - amount to the silver Mr. Vest—That extraordifary stateme bullion in the treasury purchased under the | implies that President Harrison would ha act of July 14, 1800, in excess of the amount | signed u free coinage bill; for nothing is neees ry, at its coining value; to redecm | better known thun that it was impossible the treasury notes issued under that act and | for such a bill to pass over the president's to use the same to provide for any deficiency | veto, in the revenues of the government, the sur- To this Mr. Sherman rotorted that he plus of such cortificates to be used in the | trusted the time would never come when purchase of 4 at bonds at their market | congress would either compel or nduce the price, not exceeding 12 per cent premium president to save it from the consequences Mr. Stewart said that he desiced to call | of its o'vn action, the attention of the finance committce t | My, Teller of Colorado closed the discus- the latter bill. Its purpose was to eive | sion. He said the clamor for the repesl of immediate vehef. His bill provided, he said, | the Sherman act did not come from the pro- for the issuing of $100,000.000 of treasury | ductive agencies, but from the money con- notes to pay for ponds to be deposited by | ters. There would-be time cnough, M. Tel- banks us security for the notes, 'The notes | ler added, for the discugsion of tho subject. could be afterward retired with bouds. [ The discussion would ot be closed on the That would give about #150,000,000 of in- | 22d of August. It would extend beyond that, crease in currency and would give immediate | not on account of delay on the part of those relief. The senate sbould not delay us the | opposed to the repeal of the Sherman act, country was in such state of panic. It | but vecause u question of so much hupor: would be unpatriotic for any man to get up a | sance could not be handled and disposed of discussion now. But the silver men did not | properly in thirty days nor in sixty duys believe that they could allow the Sherman he discussion hore closed, Mr. Hale's act to be rey d, because they believed | resolution and Mr. Lodge's resolution both that would be the end of silver coinage for- | lying on the table until tomorrow.when they ever They could not agree to that and | will be again 1nd before the senate they could " not be expected to agreo to it After a sev speech on the financial ques- But they did not want to be put in the | tion by Mr. Dolph, the senate adjourned. position “of contending against what w absolutely necessary at the pr He was iu favor of ‘any tempor that would give relief, and in the meantime | gororado People Seo Little Consolation in the discussion of the whole finaucial ques- tion could go on. the Messuge—Uther Comment, NSy Stewart's romarks his | DENVER, Aug. 8.—After showing at consid- il : to the committes on | erable length that the repeal of the purchas- finauce 3 ing clause of the Sherman law would not Hale Urged Early Sessiony. haveany effect to prayent the depletion of the Mr. Hale of Maine offered a resolution | gold reseryes of the treasury, because gre fixing the hour of daily meeting of the sen- | backs could be used for that purnos ate after toworrow at 11 o'clock. He | o . S i said that the president had very aptly | iy and as effectively as the treasu and in . mo uncertuin terms givoy | MOtes of 190, the Denver Republican closes business to the senate and to the | its leader on the message as follows housc to attena to, and had quoted | *“Tuken as a whole, the president's me the maxim: “He gives twice who gives | sage will prove & grester set-back to the quickly.” His object in offering the resolu- [ advocutes of the single gold standard than tion was to strengihen the president's hauds | to the upholaers of bimetallism. It recom by iucreasing the lengin of the working duy | mends the unconditional repeal of the pur- and thus decreasing the number of days | chusing clause of the Sherman law, butit that wust elapse for the adoption of the | does not contain a single valid argu legislation which the president recom- | meyt to prove that the existing mended. There was no senator on either | finincial stringency coula be re side who did not desire, 50 soon us his duty | leved in any way by cutting off the only could be performed, to' avoid the heat of | means now available for an increase in the this (it might be pestilential) eity and to [ already too limited circulation of the coun hie biw howe, ‘There was no great business | try, It wakes no refercuce 1o the incalcula: HOW THEY LIKE 1T, 9, 1893, ble injury that would be dono to the counte by paralyzing its silver mning {ndustrs, which is capable under favorable conditions of adding from £30,000 000 to £100,000,000 an nually to the pormanent wealth of the world It exprosses no regeat for the misery and loss which would” be cntailed upon more 1 90 per cent of the people of the nation by the ovils of a shrinking money sup falling prices, unprofitable farms and pl tations, and idle mills and factories. 1t will bo hailed with delight in Lombara strect and Regent strect and by the holders of fixed debts wherever American securities are held, but it will sound like a death knell to all debtors all over the land." Doesn't Suit the Nows, Speaking editorially of the prosident's mes- sage, the Rocky Mountain News will tomor- row morning siy: “The live is drawn, On one site is ( * Cleveland and ail the vower of his administration to force the country, at whatever cost, to the gold stan dard. “On the other are the people with all their vast interests, struggiing to restore the bimetallic standard and thus savethem- selves and their country from utter business ruin. Mr. Cleveland maintains that our present unfortunate financial plight is princi- pally chargeable to the Sherman act. His argument upon this proposition leads to the conclusion taat it is the interpresation which tho treasurer places upon the clauses of tho act definng his duties and limiting ~ his discretion that pro- ducesthat very unfortunate financial plight. As it is, the sccretary, in violation of the plain letter of the law, with the president's pproval, has made two eovernment obli ions payable in gold alone, and has the stablished a clear discrimination iu favor of gold.” Tu conclusion the editorial says: “In the face of his facts, deliberately dismembered, his logic based upon haif-told tales, his con- cealed hostility to silver as money, except used in 4 menial service, his open solicitude for foreign bondholdors that they shall be paid gold, and nothing but gold, for the bonds they purchased at half their face, andwhich, under the law, ave payablo in greenbicks, und by n resolution of congress, in either gold or silver, what he says will have no weight with intelligent and un- biased men und will meet the approval of those only whoso interests lic in the impov- crishment of the masses of the country for the cnrichment of the classes, foceign and American, who own the money und are, therefore, advantaged by the lessening values of il the other asscts of the world Prudent Pollties € SAN_ Fraxesco. Auz. 8.—The Evening Post, independent democrat in politics editorially: *The words in which Mr. Cle land has transmitted his message to gress are those of a prudent politicia whose intellectuality is under the st pression of a myriad of conflicting inte Mis document s, therefore, a serious disap: Mr. Cleveland is no longera his become i diplomat.’ INDIANATOLIS, Aug. 8. —The Sentinel (dem- ocratic) says: “Mr. Cleveland cuts away from all side issues and possible problems of the future in order todeal witn the great problem of today. It is to be hoped that congress will follow his example.” New York Press Comments, New Yok, Aug. 8.-~The following are ex- tracts from cditorials relative to the presi- dent’s message which will appear in the issues of Wednesday morning The World: “Itis a characteristic docu- ment: plainly spoken, hon and patriotic. Hig statements of fact unde niable, His couclusions are irresistible to all open and candid minds. The president meaning in the last sentence is doubticss that posser should be explicitly given to the ministration to reinforce the supply of gold when necessary. Such authority is needed and should be given.” TheSun: “No part of President Cleve- nd’s message, important as it is in every part, is more siguificant or politically re- assuring than that referring to the tariff. Wo congratulate the racy ou the fact that the president_recoznizes squarcly and honestly the validity ot the ple Lhere is no sign of repudintion.” Unier the cantion of *Honor to the Presi dent” the Tribunc will say: “The presi dent desoryes hizh lonor for the message, s0 free is it of every suggestio of trimming and compromise, and so carnest aud so strong in its appeal to the good seuse of men of all parties, without distinction of party Men who care for the public welfare will Sustain him wherever he is so clearly in the right Thé Times: * There Is nothing in it that can offend auy section, any class, or_even faction: thera is no harsh criticism of cting theories. 1t is a most movi 4l to the sense, the patristism and 4 qirness of all, 101sa messige that overy American must vesneel and in which all may cl not only satisfaction, but pride.” The Staats Zeitung: 18 1nis not what we necd? The Aimne Hple must now have learned by experience what is right in the silver question, and itis to ba hoped they will not attempt to oppose this object lesson to their constituents Comments of English Newspapers. Loxpox, Aug. 8.—The Post, commenting on ident Cl cland’s message, America cannot well stop ut the mero r of the Sherman act.” The 108t throw: no_suggestion, but says some action tainly necessary Duily phosays: “Yesterday's proceedings in the United States congress and in the House of Commions ought to be d side by side. President Clevelund's striking picture of the evil wrought by froe ¢ in the United States e et fective answer to Mr. Chapli ic fal- lacies,” The Times commends the message and ays it would be dificult to convicy Mr eveland of exaggeration in the face of the duily returns of Americun prices and exchauges. No permu nent improvement can be looked for until congress abandons the task of attempting to muintain an artitenl rati between silver and goid. President Cleve land is manmfestly doing evorything possible to terminate the ovil, hut thé silver interest is certuin to malke a tough fight Satisties Chicago, CuieaGo, Au The Tnter Ocean (rep.) awr and foreible sentation of the subject,” The Times (dem.) says: “While the ident makes o wellurend plea, prac- Iy for monometallisi, he scems to forget sntirely the democratic party, which pledgzed itself to maintain binotallism It cannot maintain bimetallism and repoal the Sher- man act without a_substitute, but the presi- dent asks no substitute. The legislat body, if true to its party. must ask instead of the Sherman law—-what! That question must devise the legislation.” The Record (ind.) says: *‘The recom- mendation of President Cleveland wiil meet wih very general approval. The quest submitted to congress is not of A political character and should notbe viewed from un angle of partisanship.” Sound wnd Business-Lik CINCINSATI, Aug. 8.—The Enquirer: 1t is & forcible stute paper. Yié nothing of his demand for tariff reform, he belieyes that its consideration stould await the dis. position of the more pressing need.” The Commercial-Gazette: The utter- ances on the silver question ave not disap- pointing tothose who expected sound and businesslike views.” All Don't Think Alike, Mewmpiis, Aug. 8.—The Appeal-Avalanche (democrat) criticises President Cleveland’s message because it suggests no substitute for the demonetizing of silver. Dexioir, Aug. 5.—1The Detroit Free Press (dem.) and the Tribuue (rep.) heartily endorse President Cleveland's message and urge congress to adopt his suggestious. Sax Fiaxcisco, Aug. 8 —The Chronicle says the premises’ on which Mr. Cleveland bases his arguments for monometallism are wroug wud - his conclusions are necessarily ulse ‘’'he Examiner (dem.) says the mos sage is nnportant becayse of its source, hut it throws no new light on the problew that has brought congress together. Sr. Lovis, Aug. 8.-—The Republic (dem.), says: “The message was received with good fecling in congress and will be so received by the country. The president has honestly described the condition as iy ap- SINGLE (‘(V)I‘Y Fl\'l{r CENT The Globe-Demos (rep.) will say “President Clevela essage has hardly satistied the country. = as restricted to the quostion of sily hile the public | Bimetalli A " Toote) Tor & troaaer HIR Ll Rl Bimetallists not All Pleased With the Mes- tary issue.” sage of tho President. Lovisvinie, Aug. 8, the cantion “A Great Document,' . Watterson e will* say in tomorrow urier-lournal: | ¢ VhLike everyiRing omiAl fom the | CLAIM THAT HE-HAS ACHIEVED NOTHING pen of the prosident, Y mossage bears the impress of o strong and carnost mind. No one can gainsay the | Nebraska's Delegation In Congress Critte array of facts nor answer tho argament of €150 the Attitade of Mr Cleveland— this message. The purchase clauso of the Sherman act must go; it must go uncon interviews with the Membors ditionaliy: it must wo promptly. T —News for tho Avmy. senators who undertake to impado its going, H will dig their own graves CLevELAND, Aug. 8 —The Leader will say Wasni “Uhe message is a clear statoment of the 518 FOURTER 11 STREET, case against silver purchase; as nearly non Wasiivaron, Aug. S partisan as it could be; 'conciliatory in | o 3 N spiritand well caleulated tounite the soand resident Claveland's message to congross money men of both parties,” today met the expectations of and pleasod INDIANAPOLIS, Aug. 8.—The Journal, repub- | only the demoerats who favor tte uncondi- !‘l |1|.\;“\l\‘i “‘:I“l\_-: u; ‘*; of l';')l‘;l"h: \"h*» ;‘-”.‘ tional repeal of silver purchasing act. It ke the parte G coizress will "yote i | Wa® n sora disappointment to all who beliove TAVOR 6f YopoRLY in bimetallism—the useof both gold ana - silver as monoy. It only emphasized the fact RIOUS OPINIONS, that Grover Cleveland is in favorof a gold —_— standard and would make monoy 8o scarce What Congrossmen and Senntors ThInk of | 4o dice values and precipitate. general o Prosident's Message, et Bl o) et WASHINGTON, 8 —The mess oL prosident was received by congress with a o LR T R (U degree of attention aud earncstuess thay | Men in both branchies of congress for the has seldom been accorded to that stato repealof the silver law by constituents who PADCE. A motablo fact was the goneral ab. | Ar¢ in financial distress, in tho blind and sones of adyorse eriticism from a party poiny | AeSPerate hope that such leeislation may do of viow, and, among those who liave resorved | % liutle temporary good, fs swaying even their judgment, the democrats were quite as | 50Me of the most vronounced silver senators mimerons as tho repiblica ns. For fustance, | 44 the outook for repeal is somewhat moro ; ! promising Mr. Voorhees, chairman of _the finance com: | "1 gt corresvondent this evening asked mittee, declined positively and refused to be nator M 'son what ho thought of interviewed on the message, and Mr, Hill of esident Cleveland's message and ho smd : New Yol did tho same “Ttis 1 be commonted upon more for what B psli i i 1t does ot say than what it says. 1 suppose sl oo I8 1 clear | it is good argument in_favor of silver and wold parting company, from his standpoint, terseand clear o statement as could have | but it offers nothing to take the place of our been ninde vast volume of silver currency. He aeclares Senator Cockrall, chuitman of the a ppro- | Pely and boldly for u old standard nitteo, aid: o1 am ot sura | 1 FAVOX Of tho wopeal of tho Shorman pia) st st Lok Hut no! hout some other rocd C I understand fully tho purpose of the | bt hok without soino other recognition of sage and until 1 hove r carefully T | Sy or U RNV Tro tan g0l I e bhasis. T do so would mean such a contrac- L e iy 1L “ | tionof the currency and deprociation of l\‘l:: "*““"‘h‘:i “‘\’\' r‘*”“:ln: y AT values as would pale’our present hard times. a pressions of opinion. e re- | [y \would moan bankrapte! ca marked: “Itisn very fair message.” He | (hoope oA baukrabtey, 1 am afrald, to thought that the tarifl references of the Y 0 i president were caleulated o disturb busi Senator Allen's Opiaton. ness further at a very l time. Senator Allen iToN Buneav or Tue Der, } 4 ald of the message: 1 T don't like it at all. It is not my stylo. The . ‘ s A o | message favors a contraction of tne currency, tor, dones of Nevadn: 1 thinle the | quqf ‘it recommendations wero carric fo utterly 1 -'l“A 'Ill'||l(' :\I‘h LI into effect it would depreciate values and z0 tho situation at all. The Sherman & upon us more distress than we suffer. has nothing to do with tho present con- | Gr'ebitha | favor the ropeal of tho Cherman dition of affuirs. The lines arc drawn for | (ot G \eas a compromise and doos not the battle and I see no reason for the friends | j W WY HCIES § FHIBIOMISG GRG LO08 RO of repeal to think they can carry their | ggorg nothing w its place. He would stop L uE T and Me. | the use of silver as money and_ place us upon Senators Quay wioyy Lo anc A | gold basis. You may say that ] wanta broader use of silver as monoy, and not the 1 us redi el disuse, as res Cleveland would have Rooe I-:\tlfliz ”IE_“‘*"I.j“"l"‘l“;:i;‘(‘}"\'l“l'_"_"'lf it The messugoisa good literary produc- dition is duo to the Sherman law does not | Yorh bub asa panacea for our ills it is a fail- Pherson were well pleascd with the recom- mendations regavding finances make it so. His promise is wrong and his conclusions necessarily fall to the ground.” , Senator Peffe The banker will regard | Ropresentative Mercer suid: “1 am very it as perfection; the farmer aud worlingman | Mmuch disappointed in the president’s mes- will sec in it further reduction of prices of | sage. Forwecks the American people huve the product of their farm and their labor. | been looking forward to this add in the Tt is the first astack of the moncy kin hope that some remedy would bo suggested ther final strugele for sapremacy.” in it for the benefit of “the masses, but they Bourke Cockran of New York, who is ex- | will be disippointed. ‘The principal part of peeted to lead the anti-silver forces on the | the messigo refers to matters of common floor of the house, said: *“Admirable: most | knowledge to oyery school boy fn America, admirable. [Gven the silver men must ad- | to-wit: That trade is depressed, money close, miv that 1t is the most perfect presentation [ banks failing, confilence gone and frighy of the question that could bo made. overywhere, The fow statistics given have » Bland of Missourf, the | beeu standing headlines in the American Moscs of the free coinagze men, said: ‘‘As | press for weeks. The people have no desire nearly as 1 eould make out it was u plea for | o have this unfortunate condition hung like a si gold standard, because England | @ picture before their view any longer. The maintains 1t If Eugland would coin silver | disease as been known soms time; the probably this country would do so. We scem | remedy is sorely needed. = Lo havo lost the spivit of 1776, He closes his message with a bound by Representatives Bynumgana Harter com- | Suggesting a repeal of the purchasing clause mended the message in the highest te of the so-called Sherman law, without giv- us did Mcssrs. Springor and Holman ing any definite reason therefor, and withous cvon the assurance that such legislation will improve other than add to_the present presentative Simpson (populist) of Kan- | condition financially as o a relief from the L 1Uis the weakest message ever [ burdens we now carey. Not a suggestion presented to the country. Weak as dish- | does ho offer. [f he has any solution for the water does not express it.” problem he hins not given it to the public. Ropresentative MeMillin - of Tenncssee | It strikes mo that the president of the heartily upproved the messago, United States is just as much in the durk tepresentative Bell (populist-democrat) of | about this question of financo as any citizen Colorado said: It 1s an unmistakable gold | in the union. and has stated just as little standard paner. Itis in dircet conflict with | as possible in his addvess, and rejoices that the platform and doctrines of the party for | he so easity places the responsibility of soly- the past twenty years. 1t is the eut | ing the problem upon congress.” made by Shorman and the money power. 1t makes the silver forces more determmed It did not scem to fmpross oven the siivd Representative Hainer s1id: “The mes- democrats. 1 believe it will help the silver e adds but litule to the stock of informa. cause.” tion on the finaucial question and affords Mr. Dockery sald: “It easily takes rank | absolutely no susgestion of an aflirmative with the ablest of state papers, His char- | policy. It is negative only in recommending rization of the pernicious features of che | the repeal of the purek of the ack Sherman law will puss unchallenged, buv 1 | of 1890, but proposcs nothing in its stend. rogret that the message fails to reafiirm the | Shall we in future uso with gold as doctrine of the last democratic platform and Mvr. Cleveland’s own letter ot acceptance in hat ter favor of a double standard. The Sherman Theso are the real questions upon which law shoutd be repealed by an act authoriz- | the count s information and fair, ing the froe coinage of both gold and silver reasonible fon. On these the message is upon the lines indicated by the kst natienal | as silentas the grave and its silence must democratic platforn, 1 opposed to a | bedisappointing. It is also significant thag singlo 1 standard.!” the presid ributes the present depress Senator Wolcott took issue with the presi- | 8ion in part only to the operation of the act dent on the subjeet mattor of his message | of 1590, thus, by infercnce at least, admite and snid thithe 0id not beliove the Shel ting the evident fact that the real approhon- faw bad anything to do with the pan: sion on the part of the people rolates not so tho president sets forth, nor did he beli much to the quality of our monoy as it does the prosident would have power enough o the future wiff policy of the country. tho veponl bill through tho sonate. On this polic ) thau on any other do- ends tho prosperiLy of ovory productive ine . 5 ST terest. Had tho prosident assured tho BLANS O UL BECUSLIOANN, country that the present administration Demoorats Wil o Allewed to St tne | Would not disturb “the American policy of L protection to home industries he would have 3 ; done much to allay the widespread appro- Wasnixc The republican send- | hopsion and d which is the occasion tors held a caucus this afternoon in - the of- | for this extra session, fico of Senator Shorman and discussed the ALp\ k113 dlili's B aaiblai: Congressmian hn s1id that the message of th was an ungualiied the gold men from the cast and talked over | declaration fo allisin. Contining finaneial affiivs inan unimpassioned manner. | he said: I do not believe that the nation There was oue thing upon which scuators | will endorae tho universal abudonment of agreed, and that was that the Shovman law | the white metal us o basis of ode national wis nov wlono respoasible for the luck of | curvency and favor tho universal dominion confidenco existing in mnds of the peo- | of gold. The republican platform declarod ple. One senator made 4 speech in which sold and silver under such legislation as he took tho ground that the fear of iuter- | would keep tho two metals on a parity. I ference by the dem s with tho tariT had | am in favor of such laws as shall provide done more than anything clse to sow the y for the use of both metals for our currency sends of distrust throughout the land, u | and insure the paraliclism of thow money sentiment verifiod by others present. No " fixed policy was determined upon. 1t was Bills of Local Tnterast, agreed thit the democrats must ussume the | 1y the floo responsibility for all that was done, but at the same time the republicans would be guidea by patriotic iwpulses and do what they thought proper to help the country in remedying evils that wer believed to exist, Itis believed another caucus will be neld ut uo distant date Mrcor on the Situation, Jerry simpson’s Opiaton. M ner Talks on the Messuge. situation from various points of view. Tho senators from the west mingled freely with of nills introduced while the senate was in session Loday were 10 me ures of importance to 1 g cally peaking, ‘The bills presented by senators from Nebraska and adjoining states were those which were pending when congres adjourncd last March, Senator Carey of Wyoming introduced again a lov of bills for ~ his stute which were in committees or upon MAY BECOME LAW the calendar whon tho senate adjourned last - March, among thom being s bill vroviding Some of the Bills that Have Iieen Intro- | a federal building at Choyenne. ator duce the Senate. Pettigrow reintroduced the bills which he WASHINGTON, Aug. 8.—Senator Vest today | bresented for South Dakota intercsts in the introduced o bill to fix the number of grains | 188t cougress und which weve not acted o s . upon. Among them was his bill to pay of gold aad silver in tho gold and silver | qunages to the sottiors upon the Crow coins of the United States (the silyer dollar | creei and Winuebago Indian reservations to contaiu 454 4-10 grains of purc silver, or | wio were ousted by presidential proclamas I x\) s of :Lilullqrd silver) ‘ tion in 1885, Mr. Vest offered o joint resolution, setting 3 forth that the American people, from tradi News for the Ar tion and 1o t, favor bimetallism; thatit | The following army orders wero issued is the established policy « tho United | today States to maintain the parity bety gold | The extension of leave on account of sicks wud silver. and shat it is the duty of con- | ness granted Captain Markborough C, gross Lo speedily enact such laws as will ef- | Wyeth, assistant surgeon, is still further fect wnd maintain these objocts, extend two months on account of sickness, Other bills were iutroduced in the senate | Leave for two months is granted Captain as follows Haurry L. Haskell, I'welfth infaotry Repealiug all acts and parts of acts dis Leave for two months, to take effect Oge crim inating in taxation against the circula- | tober 1, is grauted Second Lieutenant Al tion of notes of state bauks and state bank- | bert . Niskern, Twentisth infautry. ing associatious. Leave for two months, to take effoct Seps foroviding for au income tax of 40 cents on | tonber 1, 1 granted First Lioutenant Wil each #100 owued by persons or corporations | liam M. Swaine, Twenty-second infantry. in excess of £,00) The oxtension of leave on surgeon's cer fHenator Carey introduced a bill for the ad- | tificate of aisubility eranted First Lieuten wission of New Mexico s a state. aut Jawes k. Runcie, Fust artillery, is st