Show SUIR he ne criticizes stewards stewarts former attitude SIEWART STEWART WILL REPLY ON FRIDAY teller makes a bald on tho national banks sleepy session of the house discussion of the rules aug 30 immediately after the senate met this morning manderson presented a memorial from all the national banks of omaha for the immediate passage of a bill repealing the pure purchasing basing clause of the sh sherman erman act I 1 stewart offered a resolution which was on his own motion referred to the finance committee direction direct in ins the secretary of tho tile treasury to inform t alie li s senate how bow the revenues since sinco the tile commencement men cement of the present fiscal year co compare in pare with the estimates A at t 1235 pm the bill to repeal the sheman sherman act was laid before the tile senate and sherman Sher nian proceeded to address tile senate lie ire said if tile repeal act was the only y reason tor for the extra session it seemed to him insufficient it waa was justified however by the exis existing ting financial stringency congress and the people agreed that both gold and silver oliver would be continued continue d as money if cheap money is wanted free coinage of silver would bo be the way to get it but it must not bo be called bimetallism it would bo be mono metal ai am ofa of silver ilver the president aid said sherman failed to i ve the tile cause of the decline of 8 silver liver ft ft was duer to the tile fact that we h had ito to p pay m our debts debts payable in gon god england had to make her it U v lin i in the argentine republic lle public good to prevent her own institutions institution a from going down so she returned our securities and demanded payment in gold the tile balance of trade was also against us its and we had to mako make the difference good this not the tile sherman law led to ble tho present condition sherman said he lie consented toabe to the passage of the law to prevent freo free coln coinage a ge and to that extent it benefited the country but a year ago he lie introduced a bill 1111 almost in the tile same words as the voorhees heos bill to repeal it not a democrat voted for it they must answer why the trouble was currency famine not fear aa as to the sound soundness neso of the money he ile did not believe repeal would overcome the stagnation but it woud case ease the mo money market from dread of free coinage coin aee fsr I 1 ho warned them that if it the democrats demo crata attempted to alter the existing tariff they would plunge the country into deeper distress As to tile future we e must preserve the parity parity of all our money the he balance 0 of trade might be against ua us next year and it might be necessary to issue securities curi curit ties les to secure gold to maintain the parity the secretary of tile treas treasury ury ought to have authority to mako make th the deficit good all parties heretofore gave tho tie I 1 secretary that auth authority 0 rity tho the wanted to build it up but it could not be done b by the united states alone he ile belie believed v athe the best thine thing to do was to suspend tho the purchase so of silver and devote attention to tile needs of the hour ue lie would give a power of authority to protect protect the credit of the at homo I 1 ome and abroad and after waning waiting to see what effect the indian policy was and the further efforts of the al conference the present clouds of gloom would josap disappear ear tho tile reading of oi quotations quota ilona about abou t gold showing such a remarkable change of 0 opinion pinion ou the tile part of stewart St provoked general laughter at the tile expense of that senator who looked som eo eliat bewildered but only stroked hii his beard subsequently he promised to reply to sherman on friday next sherman followed up his lite advantage over the nevada senator by exhibiting a newspaper published in that state one whole side 0 of I 1 which was occupied with notices of assessments on silver mining stock all payable in united states gold coin sherman conc concluded tided at having occupied two hours and ten minutes portions of his speech lie read from manuscript bat but the greater part of it was delivered extempore extempore and with great rapidity and force Is was listened to throughout with unflagging ging attention and interest when lie concluded the repealing bill on which he lie had spoken was laid aside and the national bank circulation bill bifi taken up to allow teller to finish tho tile speech ala which ell lie had begun voorhees voorhees lees yesterday gave notice however after the morning business tomorrow that mornine he lie would ask the tile senate to take up the r repeal eral bill and would do eo so from day to d day Y teller then proceeded willi with his speech lie ile said it was the prerogative of tile united states to issue its own currency and this was a good time to reform its banking system lie ile would not by his vote put any more power into the I 1 hands anas I 1 of the banks of the country bo he would not enable them any longer to paralyze the business of the country as they were doing today ile hada bad a fair opportunity to wipe them out and he would wipe them out as quickly as lie could ho lie was opposed to the tho present system lie ile desired to withdraw from the banks the privileges they now possessed at at the conclusion of tellers speech the senate went into executive session and when the doors reopened adjourned uninteresting house session aug 30 the house today discussed the proposed code of rules without result the session was dull and uninteresting and but little attention was paid to tile speakers walcott asked unanimous consent to introduce a bill repealing the statutes authorizing the appointment of marshals an and supervisors visors at elections dingley objected breckinridge of kentucky from tile committee on appropriations reported the urgency deficiency fici ency ampro appropriation bill which appropriates atea ates and it passed powers asked consent for the immediate consideration of the resolution calling in on the attorney general for information as to whether any action was taken in anal su surplus u in the treasury sh should be coined and used for or all a 11 le legal al pur purposes Roses he ile did not believe in buying silver from our people at a profit if it was a profit it was wits intrigue if not profit it was fraud he ile believed ft it a fraud sherman denied voorhees statement thattie that the act of 1873 was a 11 healthy voorhees ea eaid said the remark was not meant to apelt apply to sherman as he lie had cleared himself f of participation in III it four years ago sherman continuing said it was strange that on the vote of this bill stewart of nevada voted for it and sherman against st it stewart eaid said in due time ho fie would exi explain lain how he came to vote for the bal sherman caused a laugh by quota quoting ng from one of stewarts speeches epe eche in the tile debate of the bill of 1873 in which he declared gold the universal stan darit of the world and urged the gold dollar as fixing the standard by which workmen knew exactly what his labor waa was worth it was not until the silver dollar became cheaper than gold that it was demanded and then it was to cheat the creditor the P purchase of silver by the united S states tates when al all others had stopped it v alas as improvident use of public money instead of striking down silver be the cases now pending pen dine in which the southern pacific railroad had b begun n action to dispossess settlers on p public evl lands bynum objected hopkine hopkins republican of illinois ad vacated a rule which would prevent fili fill bu butterini bust erini and kilgore democrat of texas ariti criticized r iced the rules of 0 the fifty airet congress and declared they were denounced by the people grosvenor republican of ohio defended reeds rulings during the fifty first congress the discussion was continued by grosvenor holman olman II dingier dingley and outhwaite the rules N were ere then discussed by paragraphs an amendment was offered but defeated increasing the tile me membership m r b p of the committees of ways aea and means and ad ampro appropriations from se seventeen to nineteen a additional dit ional members as to bo be appropriated from the territory west of the missouri river at present A motion was also made to in creaso the membership of the committee on rules from five to eleven the debate on this motion w was A cut short by the tile adjournment of the I 1 house I 1 louse |