| Show RESENTS THE CHARGE that his resolution was to consume time WASHBURN PUTS IN HIS OAR mcmillan advocates a gold standard he lie wants an n international intel nation clearing 11 house ouse dolph pessimistic washington oct 2 the senate was called to order thi this at the usual hour but bad to wait for a quorum it then proceeded with the routine morn ins business I 1 sherman herman called attention to the misstatement tat ement in a recent speech of sen senator r white of california in quoting fro from the bankers 31 magazine azazine of august 1873 as to the coinage act of 1873 there was no sach lucli statement in the bankers magazine zilie he ile said the tile whole statement was a manufactured lie from the tile bp ginning to the end 1 it t was worse than forgery forger it was an absolute bs 0 luto fabrication branded yd with the brand of infamy in y lie ile did not blame the senator from oali cali orni ornia a because the alleged article from tile magazine had frequently been quoted by others white of california democrat said jie lie bad taken the extract from a work written by a very prominent republican and had not himself examined the tile bankers 31 magazine it if the extract was not correct he would omit it from the later edition of his speech the silver purchase repeal bill was tile alien taken up dubois republican of idaho rising to make a personal statement called attention to the tile remark of gorman of the resolution introduced introduced by dubois to defer consideration of financial legislation until the vacancies from the states of washington montana and Wf wyoming orning had been filled was offered for t the le purpose of consuming time dubois Dubols denied that tills this was his motive ho ile had introduced trod the resolution in tho the interest of the tile three states referred to and justified the introduction of the resolution by a precedent which occurred some years ago Wash washburn burno republican of minnesota supposed the object of the resolution was to show that the 0 opponents a of repeal etnest taip were not being taken at an unfair ad advantage vantage lie ile would therefore state the facts and allow the senate to read reach its own conclusion of the three states pi in question two were not silver producing states and those two states were represented in the senate by two senators who favored the repeal of the sherin sherman man law response to a question of wolcott republican of chicago washburn Was liburn said he lie referred to the states of washington and wyoming I 1 1 ij I would like alie senator from minnesota 1 said aid dubois to state by whoso a authority uti arity he lie makes that assertion a by authority of the senators themselves replied washburn 1 I imagine magine those senators natora Be will resent that imputation said dubois 1 I state that the senators natora se from washington Wai hington squires and wyo wyoming carey are not for the unconditional emirl repeal e of the tile sherman law the senator from rom I 1 washington lias has offered an amendment in the interest of silver the tile senator from washington squires told me ine washburn declared c that lie would vote for tile unconditional repeal of the tile purchasing clause of the sherman act thia this closed tile incident and kyle populist lift of south dakota addressed tile senate in opp opposition to the repeal bill kyle ridiculed the idea that with free coinage the united states would be flooded with silver on thi th i contrary it was doubtful whether the fu in tuie yield of silver would be large enough to furnish the necessary increase of currency mcmillan of michigan then addressed the senate in favor of repeal international bimetallism being oat out of the question for the present he lie said this dantry oa abound use all the silver silye possible without departing from the gold standard gold should be lie held I 1 d primarily for use in paying foreign balan balances c es end to th this is end a plan of international gold currena currency based on oil the actual deposits ai to of cold go in the sub treasury at new york or k and the national banks of other countries should bo be adopted certificates of deposit to bo be paid through an international clearine clearing house in disenso discussing diec in C money as a basis of credits lie showed allowed that the national banks were in the habit of reducing their reserves far below the safety point and favored a law absolutely prohibiting a national bank from paying or receiving interest on deposits lie ile also favored a convertible bond pl ean a n of bonds for currency in i order to obtain ready money in times of a crisis or panic the house bill to extend the time for completing tho tile work of the eleventh cenius census was passed consideration of the repeal bill was resumed and dolph of oregon took the floor to give his views as to the real cause of the bia business siness and finan financial e ial trouble and which he lie said was the fe fear ar of hostile tariff legislation in the course of his remarks dolph said that if minneapolis the platform had been believed to mean free coinage the re republican publican party part would u id i have been dead art bind buried and lw damned mon e d beyond hope of resurrection any worse than it is now asked teller doi dolph ignored the cation in the general laughter which oll owed an executive session followed and nd the senate adjourned |
