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THE WEEKLY TELEGRAPH: • MONDAY. SEPTEMBER IS. 1803.
ON THE CURE
OF THE PANIC
jiioifv**** c earless Sermon
Delivered Yesterday by the
ReV. Thomas Dixon.
plain WORDS OF A PREACHER.
yigsrous Denunciation of tho Money
power and tlio Metropolitan Press
— U # Advocates tlie Moit
Radical Reform.
Sew York, Sept. 17.—The discussion.
f ..The Panic-Its Causes and Cure,”
continued by the Rev. Thomas
puon, Jr., in his Bermon in Asaoclatiou
till this morning. The specific subject
<■ today’s discourse wua "Tik Cute «.••'
fjtics.” He denounced most vigorously
oj,,. demonetization of half he money
or the world, and gave as remedies and
turPi for financial panics the Increase
L the currency, the radical reform of
cur banking system, moro Christianity
1„ business, less faith in tho great capi-
talistic newspaper scares, the establish*
ment of postal savings banks and the
cassation of special ciasa legislation
me texts Were from the eighteenth
chanter of Jeremiah and tho twelfth and
-.1. ,# TC.nVT.l.
[ I.I.W — —•
Than hut taken usury arid increase, and
fiats bast greedily gained of thynslghbors by
sztertier. end hut forgotten ms. solth the
lord bod.
As the partridge titteth on eggs and hatch
ed! them not, so he that getteth riches and not
try right shall leave them in the midst of his
dsyi and at hla end shall be a fool.
They shall cut their stlvar into the streets,
sad their gold shall be removed: their silver
tad tbelr gold aholl not be able to deliver them
la the day of the wrath of the Lord.
CONSPIRACY AGAINST THE MASSES.
We hare seen in onr present study of
the financial panic that the immediato
cause was an insano popular fear—in
short, s stampede of selfishness. Bntwe
uw upon further study that the primal
ante of tho panic was to bo found ho
ped the dust and oonfusion of tho stain
jede; we found the evidences unmistak-
ibis that it was produced by a concerted
sovement on the part of the great
unoy hucksters of the world; in fact,
fat it was in reality a conspiracy
ipinst the masses of the peoplo by the
put plutocrats of onr age. Somo of
tit noblest men of our time have been
hoi of groat wealth—all honor to their
uses. They have administered their
fortunes os a sacred trust from God for
tit benefit of their fellow men. While
ill's time, il bos not been tho rule—it
has r-thor been the exception. The
nonsy power has grown until a few
sica possess two-thirds tho wealth of
tbs nation.
When a few men practically
the whole commonwealth, thero
to be a "commonwealth,” and society is
•gain simply divided into two classes—
outers and slaves.
Have ws today a democracy?
Is it not in fact a plutocracy?
In form we have a government by tho
people.
Gut as a matter of fact have not onr
representatives for ths last generation
simply carried out tho edicts and tbo
policies of oar money kings?
It is a serious question, and tho Amer
ican people are brought rudely faco to
face with it today.
If this paste is to bo enred and (ta re
currence prevented, the power of the plu
tocracy most be in somo way limited.
Bishop Potter of New York, at tho re
cent centennial celebration of the first
inauguration of George Washington, de
clared that in view of tho'increasing
lower of the plutocrat it was doubtful
whether the repnblio would over cele
brate mother centennial. In explaining
his remarks he afterward said:
Wh» I speak of this as the cm of the slnto-
enta, nobody can mlaandcntand me. Every-
My has racofnlsed the rlaa of tho money
lever. Its growth not merely stifle* the inde.
lutdsno* of the people, bet the blind believers
la this omnipotent power of money aeeert that
In libers! um condones every olfenee. The
yuslt dace nos apeak out aa it should. Theee
plutocrats are the one mice of religion, as they
ere of the elate.
Just beforu the bishop's address Gen.
«ral L. 8. Bryce, in Tho North Ameri
can Review, said:
. ®e*ra living in the shadow of an nnbrl-
eitd plutocracy, earned, created and cemented
la no alight decree by legielatlve, oldermanlc
ecu coogreesional action; a plutocracy that la
hr more wealthy than any artetocraey that
{** ,,,r crossed ths horizon of Aha world’s
tlalory and one that baa been produced In a
•tartar eoaeecutiva period; thenameeof whose
..'“tareareembiaaoned notes the page#of
italr cation’s glory, bat of itapecalatione; who
represent no straggle for their country's liber-
J-te, hot for Its hoodie; no contest* for Magna
but railroad charters, aad whose oo-
J“W» grip n extending over every branch of
induetry; a plutocracy which controls tho pries
the bread that we eat, the price of theanger
>Ut sweetens oar eup, the price of the oli tost
tells ns on onr way, tbs price of tbs very cof-
“ ‘a which we an finally bnrisd.
TUig is fervid rhetoric, but it has moro
truth than poetry in it.
national banks denounced.
Periodical season* of general foroclo-
•hro, bankruptcy and' ruin nro incvitablo
in roch a condition of society.
Who shall deliver aa from tho body of
this death?
How shall we lift tho shadow of panic
from onr fair nation?
There ate some things tho dark back-
Srouud of the present distress brings oat
' •dnruing distinctness: .
rirst—Wemnst have leas bank and
ttoru nation.
national banks bore been mip-
isised to be institutions of a national
character. It was snppos.sl that they
"jrted for the benefit of tho community
:,t largo. Jt was also supposed that sa
,ue y carried a charter from tho national
internment and were nominally under
supervision that they were bone ‘
»alUw abiding.
liris panic baa r. vealeil the fact th
«is about time for fbeso hanks to Mat
fore tho world nnd give a reason f
ttair existence.
Senator PeiTer recently introduced in
■he senate a inoet reasonable resolatior
‘ 1 inquiry (US to tbeir method! of con
'.’•” :n 6 bneiitere tmder Ihdr nstionn
1 iters.
This resolution simply asked the comp
■toiler of the currency to n iort to tbi
S'tate whether .. I.arik- (sum Mfl
Cvoducted in viola'. 10U of l.,’\ , VvLcti! '
they were refusing to pay their deposit
ors in lawful money, and what rates of
interest they were charging on loans and
discounts.
The bowl of rage and vituperation
which greeted this resolution should be
a revelation to tho common people of
America. 11 was denounced by the banks
and their hand organa of news as an in
famy 1 And the senior senator from New
York was damned to tho lowest hell for
presuming to conntenonco each a simplo
inquiry for one moment.
This simply declared more eloquently
than words coaid directly express it that
the banks were violating their charters
with.suprome impudenco and had be
come financial anarchists, themselves
traitors to their sworn charters and their
nation's law. With colossal cheek they
blackguard the public man who dares to
question their patriotism!
If the nation would be safo, wo need
lees bank nnd more nation.
Have not onr banka confessed that
they have become simply usurers?
Now that the war is over and tbo pub-
llo debt being rapidly extinguished are
they not aa at present conducted an un
mitigated curse? Can any man serionsly
give one moral or just reason for their
existence? The government pays them
8 per cent on their capital stock in bonds
oud iuuiua back the price of tho bonds in
bills, which they in turn loan at still
farther interest. Do wo need such na
tional pawnshops In this advanced ago?
time to call the police.
Is Bimply usury so high a public serv
ice? A western paper gives ns a bril
liant example of the usurer's art nnd
trade.
Ho was hard up and wanted money so
badly that ho finally concluded to de
posit a handsome diamond ring in the
pawnshop.
“Can I borrow $100 hero on a diamond
worth $280?" ho said to the proprietor.
“Lemme see the stone,” demanded the
money lender.
It was handed over and examined.
“Well?" inquired the applicant.
“I gnesa you can have it.”
“Thanks. What are your rates?”
“Ten per cent a month in advance—
that is, I take out the interest and give
you tho balance.”
“I don’t care how you do it. All I wont
is the money.”
“You eay you want $100?”
"Yes."
“How long?”
"I don’t know, bnt a long while, I
should think.”
“For a year?’
"No, not that long; say about 10
months,” nnd tho applicant hummed "I
want a situation” in a lowiey as the
money lender was making his calcula
tion on a sheet of wrapping paper.
“That’s all right," finally said the
money lender. “You can get tho ring
when yon call with the monoy.”
“Bnt where's my hundred?” naked tho
astonishod applicant
“Tho Interest has absorbed it," re
sponded the money lender, with a placid
smile.' “Ten months, yon know, at 10
per cent in advance. Didn't yon eay
yon wanted a hundred for 10 months? I
think yon did. There's your ticket.
Thanks. Cali again, please. We are al
ways glad to assist the needy.”
The applicant was dozed far almost
seven minutes; then he walked ont and
hunted np a policeman.
If onr national banks havo simply be
come national pawnshops, it'stima to
call the police. In this crisis, in their
methods and their determination to look
oat for themselves and let their patrons
do the tame, have they not fixed here
their real status?
Second—The government shonld at
once establish a complete system of pos
tal savings banka. Thodcpoelts of the
earing* banks of New York alono are
about $000,000,000 in.round numbers.
This is almost an Incalculablo sum of
money and it really the determining lac-
tor in a threatened stampede of the pub
lic.
These savings banks in tbo determined
efforts they made to save themselves in
forcing this time notice of withdrawals
did moro to precipitate onr commercial
ruin than any other one power outside
the primal money conspirators. Tho
pnbllc should no longer be exposed to
mch danger from this source. Let the
government establish a completo sys
tem of postal sayings banks with the
government pledged to redeem all de
posits, and prirato saying* banks will be
a thing of the past, and these vast toms
of money will always remain in circula
tion in every threatened crisis.
MOKX RELIGION NEEDED.
Third—We need more religion inhosi-
ne*«. The whole truth is, as a nation
we are dying for tho lock of a great re
vival of vital Ohristianlty. Our *ouls
are rolling with materialism. We forget
tho brotherhood of man and the father
hood of God. We have been busy
looking ont for No. 1. That seem* to
he the first thing we think of when
trouble threatens. Some time ago I re
marked in the presence of my little
daughter that the banks were breaking
and things Is New York were badly
smashed np. Bho was all attention in a
moment, and rushing np to mo nsked if
her doll's trunk was smashed, and if so
was her doll hart The millennium
would be near if as a nation wo* could
attain even the child's care for her doll
and rags In our care for onr brother.
Let onr established powers make note
of tho fact there are tho evidences of a
budding new lifo in tho ranks of onr
crunk "reform” journals that lifts them
into tho skies in comparison with the
cold blooded selfishness of their more
successful opponents. Ont of pare lore
for tbeir cause they have been known
recently to send their subscription lists
to a better conducted rival sheet and
gals t hat sample copies bo forwarded, at
the same time urging them to subscribe
to their rival. Many of these editors
are working for nothing for tbeir ecu-
VictiOM.
Heine once stood before the cathedral at
Amiens revsrently enjoying its beauty.
8aid a friend, “How duet U happen that
we do not erect such edifices in ourduy'r'
Heine replied, “The men of that day had
convictions, whilo we moderns only have
opinion* and *. metUng more tlmuoi in-
ii.., ia required to build a cathedral.”
The boar has coma for the church to
ri-'ln bsr glory aisd power if she it to
c-ik with authority to tho now fp r.rru-
tiou of men. Thu men who bar*
Fiction* are tbo men
world’s temples.
TH* NEW TO:.K PE
Poorib—We neoi os
at tbeir real value the
great nowspapers in ta
tors behind the scenes. The editors of
these great sheets, alas! are tho puppets
of tho money power back of them.
Thero is no independent press in Amer
ica saTo the county press. Hhylocl: owns
the metropolitan press of the world body
and soul. They uro run on policy, not
principle. Tho editor of a great daily in '
New York Is a silver man—the 6heet he
edits is a rabid monometaliist organ. Re
publicans are hired to write Democratic
editorials. Democrats are editing Repub
lican papers. It is simply a question of
money and tho money power. Tho
editor has no convictions. Ho is a ma
chine for recording the opinions and pur
poses and schemes of tho conscienceless,
godless plutocracy from which he most
get his living.
Onr great dailies havo become for this
reason tho most colossal liars and per-
verters of nowa the world has over seen.
Whenever these sheets set np a great
howl on tho money question, the masses
of the people shonld take their opinions
and advice as they would arsenic—under
the direction of a competent teacher who
knowB their motive ns the physician
knows tho properties of poisons. Tho
trouble with ns is that thousands of onr
peoplo yet hold the delusion that these
sheets represent honest, patriotio and in
dependent convictions. There may bo
exceptions: but, as n rule, no greater
mistako conld bo made. Less Wall
street newspaper scare and nows manip
ulation and more common sense and in
dependent thinking!
MORE CURRENCY NEEDED.
Fifth—Wo need more money.
A money famine is an inexcusable
crime on the part of any government.
Why doesagovemment cumber thocarth
hut to protect its peoplo from such mon
strosity? A premium on currency is an
advertisement that the government litis
literally mode an assignment to Shylock.
History shows beyond a doubt that sinco
silver was demonetized in 1878 nnd one-
half the world’s money practically with
drawn from its legitimate uses ns full
tender money, the nations thus affected
bare Buffered continuously Industrial
distress, bordering at times upon revolu
tion and civil war. Wo need and must
have all onr gold and silver as money
nnd much more besidos.
Let onr government at onco take pos
session of every gold nnd silver mlno in
the nation and eliminate this question
from sectional politics and lift it to tho
plane of international settlement. If
gold and silver have intrinsic value as
money, as ia claimed, prirato individuals
have no more business owning and con
trolling the mines than they have own
ing the government plates from which
onr bank notes are printed.
When this hat lien accomplished, it
will then bo time to ask ourselves tho
question, What business havo either gold
or silver in the the mechanism of ex
change? Ia their use not in fact a sur
vival nf harhnric man?
They have been useful in their day
certainly, bnt havo wo not found in onr
national hank notes hosed on govern
ment bonds something much better for
the measure of values? Our fathers used
the horse and ox as carriers, but is not
the locomotive better? Onr grandmoth
ers were expert with the hand needle, bnt
none the less do wo hall the advent of
the sewing machine. Wo began naviga
tion with a dr. gout canoe, bnt the Cunard-
cr ia surely an improvement.
A day's labor Is the nnit of real value,
not so many grains of gold. Let us
hasten to find hero tho truo standard for
tho measurement of wealth. If you say
that England finds no noed of much
money—that gold has been her only
standard forycars—let us remember that
England has invested abroad not less
than $10,000,000,000, and that sho never
adopted tho gold basis till shobccamothe
money broker of the world. Let ns also
remember that tho London press report
ed a speech of one of their great men on
July 8,1883, as follows:
Blr Richard W. Fowler. M. P., the London
bonksr and ex-lord mayor, said tho effect of
ths depreciation of silver most ultimately he
tbs complete ruin of the agricultural export
interests of the United States and the deve).
opment of India a* the chief wheat and cotton
exporter of tho world.
A CALL TO TUE PEOPLE.
Sixth—Wo need less class legislation
and more government of tho people, for
tho people nnd by the people. Tho Hon.
John H. Eckels, comptroller of the cur
rency, says in a recent article that the
present panic is to be traced to class
legislation:
lands in some slight degree restrain tho
power and rapacity of oppre«sivo em
ployers. The people had como to despair
of ever getting such laws unless they
could share in tho privilege cf electing
4k" men who make tho laws.
When, therefore, the legislature re
jected the bill recently introduced to
confer that right, there was great indig
nation. The labor leaders ordered a
general strike that the men might give
expression to the national will. Tho or
der was extensively obeyed. At Ver-
viers alone 48 factories were closed, and
in tho province of Hainnt IS mines and
2 factories wore dcoerted, and the men
thus liberated to the number of 18,000
joined in the ranis of the crowd who
were demanding political recognition.
The police and eventually tho militia
were employed against them, but were
resisted fiercely.
In Antwerp the men quitted tho docks,
where they were employed in loading
the vessels, raised barricades in tho
Blrceta and fought desperately with tho
soldiers. They Becurcd firearms after a
few hours, and many of the police nnd
soldiery fell in attempting to disperse
them. Similar scenes were witnessed in
Mons, Liege and other largo towns, bo-
sides the great demonstration in Brussels
itself. The movement grew more threat
ening iruui uay to day until it approached
tho proportions of a revolution. Then
tho legislature yielded. On April 1811
passed a bill extending tho franchise by
a vote of 110 to 12.
A WORD TO TOE 6UYLOCK.
Let Shylock be careful. Money is n
mighty power, but not almighty. Men
have been known to do things sometimes
in which they could soo no money for
the time.
At the close of tho aiego of Rome the
assembly bad voted to surrender Romo
to the French besiegers.
Garibaldi mado np his mind to leave
tho city and put forth this singular or
der of the day;
Whoever chooses to follow me will bo re
ceived among my own men. All 1 oak of them
is a heart (all of loro for onr country. They
will have no pay, no rest. They will get bread
and water when chanco mar supply them.
Whoever Hltea not this may remain behind.
Once out of the gates of Rome every step wilt
be one step nearer to death.
Four thousand infantry and 600 horse
men, two-thirds of wb&t was left of tho
defenders of Rome, accepted these con
ditions. And there are as many heroes
among the common herd today as over.
They will show it if ever the hour calls
them.
ALLISON WAS
FOR A REPEAL.
Ho Showed to Senators the Danger
oi Persistence in Not Repealing
the Sherman Law.
WHAT GREAT BRITAIN WANTS.
A Repent Would Bring About the Inter*
national Agreement-* 1 Tin* House
Agalu IIoi«l OATl>y Shrewd
ness of IJurrows.
NO FEVER AT WAYCROSS.
Strict Quarantine Regulations are lin
ing Enforced.
Waycross. Sept. 17.—(Special l—In
formation was received here yesterday
morning from Atlanta that it was re-
ported there last night that there; were
(several cases of yellow fever here. T'.e
Telegraph correspondent promptly
wired Atlanta that then- was n>t a
word of truth In the report, ns there
was no yellow fever here and no
grounds on which such a rumor c'Hiifl
be started. The dispatch from Atlanta
was shown Mayor Knight, and he Is of
the opinion that the rumor started
from the fact that there have been one
or two cases of bilious fever here dur
ing the past week. He thought that
some one carried the rumor to Atlanta
from here, but does not have an iden
whd tt was. The hca*~..ulneso
the people of lVaycros* this summer
ha* been better than was over ktr-wn
here. The sanitary condition of the
town Is first-class. Waycross, situated
is it is, on a dry, elevated spot, sur
rounded by the pine* and (borough ly
drained by n large canal, ia in no dan
ger of becoming Infected with yellow
"fever. The deadly microbe could not
live here. There la no possible chtnce
for yellow fever to come here through
the ordinary channel*. The city ha*
a rigid quarantine in force. A11 tram*
from IIrun*wick are thoroughly In
spected by Dr. Ben F.iWHIIam*. the
government quarantine inspector, who
1* assisted by a city quarantine lnupt c-
tor., I’aasengers from Brunswick tire
not allowed to stop sooth of Atlanta,
Ga. Trains from every direction a.e
met by inspectors nnd health ceMltt-
rale* tire demanded of nil passengers
desiring to stop oc be tran*ferred here.
The mayor ta careful to see that the
quarantine regulations are strictly en
forced. Several passengers from n-rth
and west of here have been compelled
to go on by here because they u.d not
have health certificate*. There I* "O
excitement or cause for alarm here.
The people are in sympathy with the
Washington. Sept. 16.—A second effort
on the part of Senator Voorheea today
to reach an agreement a> to the time
for closing the debato on the repeal bill
and proceeding to vote on the bill and
umPtifimMih rtn rwntU than
his previous one, except that there was
a sort of Intimation by Senator Teller
that as no speeches had been made fur
delay none would be and that the ques
tion of closing the debate might lie over
for the present at least.
Mr. Allison made a three houra’ speech
in order to prove that the true way to
rehabilitate allver was to repeal the
sliver purchase law, and thus force
England and the nations of Europe to
come to an international agreement on
the subject.
The remainder of the day was given
to eulogies on the life and character of
the late Rofi'ajnr Stanford of California
After the routine business of the morn
ing at 14:35 the repeal bill was taken
up again.
Mr. Voorheea reminded the semnte
that a few days ago ho had felt tt hia
duty to call attention to the consump
tion of time in the discussion of the
bill and to suggest a time to close
debate and take a vote. The rejection
of that proposition had not been unex
pected to him. He now asked the sen
ate to agree to closq debate on the 25th,
a week from Monday, then to debate
amendments, under rule I, until the
27th, and then to have votes taken on
the amendments and the bill. Ho nci-d
not, he said, amplify on the question.
He did not need to enforce his request
7
government that we shall not have this
silver bullion stored away In tho treas
ury. It must be done. Not a dollar
of the silver bullion can be sold with
out the sanction of congress; nnd ihnt
sanction. I am sure, will never be given.
The piling up of that sliver Is a mantes
to tho price of silver everywhere, and
therefore it should be coined. I under
take to say that we cannot continue
thin purchase of silver without endan
gering seriously the standard which
we have had nlnce 1873. and without
bringing this great nation, and all its
opportunities with all it* wealth, wlih
all Us industries and labor, to a sil
ver standard from u gold standard, was
In the disparity between these values
now in well night. 60 per cent. It in
Just an plain as the noonday nun that
if we go on purchasing silver and put
ting It in the treasury as bullion it is
only a question of s few months, or
n few years at most, when we wl" fall
to redeem our obligations in gold: and
then will be at a silver standard. I
believe that, Just ns much as I believe
b"llovc that. Just aa much as I be
lieve that 1 am a( this moment,
addressing this senate. I have studied
that question for all these years, and
have brought to 'the study my best
industry, and I have never changed my
mind, from 1878 till this moment, that
we cannot of ourselves restore the parity
in value between gold nnd silver at the
■ ratio of 16 to l.”
Mr. Allison digressed from the course
of his argument to reply to question*
from different senator* upon collateral
. . „ Ua ..1st. *
Theallment from which our financial ejrs- Ltrick- u people of Brunswick nnd re-
tem is suffering, he says. 'Mid not commence l—g t |, 3 g there is another outbreak of
m --of Hie Sherman silver net, Jvllmv tcyov there, but do not npp.-C-
sstth tbe pause
nor with the pu.rags of the Blend acL
found its origin long before either vrue enacted,
at a time when ror-gresa first assumed it lobe
tho chief end of legislation to make through
enacted lawe certain Individual* rich. Itvraa
with this rod in view t L at protective tariff laws
were poesed, and for tide puri- -c was brought
loto being the silver bill, which U not only now
returned to plegua ita authors, but it la de.
stroylng the very interest It waa designed to
benefit. Such legislation is responsible for the
spirit of speculation that would create some
thing out of nothing; that organizes trusts for
tho purpose of enriching o few at the expens*
of many end leuks open the general public,
not lees thaa lb* pahiic'a loirrcvU, aa legit
imate plunder. It he* popularized an extrava
gance in pnbllc end private cvvendUnre that
has led the government In tin public matter*
and tbe individual in hie private affaire to live
beyond their mean*. It boa done more to
strangle the life of legitimate trade thaa ell
cite combined, and today the people are seeing
the f ulleffrcte of the evil in the menace to hon
est endrnvor* through tho distrust bred by it.”
Let the people federate in every stato
to dethrone this power.
The country call* to it.
Your hungry families are now calling
you to it.
It ta the call of God.
I believe in a government by tho peo
ple. Tho maser s of mankind havo shown
themselves worthy when put to tho te-1.
The news of every day ta replete with
the beorics of commonplace lifo of the
common people. Tho maasM of the pco-
plo the world over must rise at tho bal
lot and as.-u-r: themselves. They ore su
promo if they but know it.
A recent rv;-;rt from Belgium toils ns
that a morod taivs popular victory than
that gained by tho )--> ;•!; over their
rulers has soldotu bet a achieved. By
sheer numlfn* and the d' :n-nitration of
tho popular will the legislacnre wav
compelled to re
had previously
01-ion wl:
i of th<
of tho
tbo build tbe
right tovot
Hitherto th
ha 1 t: - vi.:
hap vi ue anarchistic money cvt-rp.ra-
-d by a
faithful’.
.-! th.-m i
h it
f four
bend infection in this city, riuslnosa
Is Increasing in Importance an- men
of tray badness and profession are
busily engsgtd at their work. It wit
l,* remembered that an ordinance nna
in-on passed by the city council mak
ing it a penalty for a petaon to circu
late iiny false report against the health
of til ' city. The city will make every
.(Tort possible to discover tho*; whu
circulate such reports, amt the pantth-
moni will be Imposed tp 4bo fullest
tent The work at Camp Haines is be
ing don* rapidly. The tent* will be
pitch' d Mi nday. The supplies will V
procured when nceiled. It ta probable
that Surgeon licddlngs -vlll have con
trol of affairs *t the camp. l.’o*tmu«-
terdtan-ral DM has ordered a olsltt-
foot; no a pa rates made for the pnrpov-
of disinfecting all mails ent ont from
Brans wick. The apsratna to being
made h.-rc today, and will 1» ready for
me by Monday. It ta a box car and ta
arranr- d after (he manner of th-> dis
infecting apsratna at Camp Halnex.
will probably remain here and will tie
In charge of a TnUed States poa'.sl In
spector. It ta learned that several
small places near here have quvnn-
lined against Bntnswirk.
WAS STOLEN IN NEW YORK
Bullion Wax Taken From the Sub-
, '* i • Treasory There-
N*w Y -rk. s- pt. 16.—The H'raid a
The tv t of bullion nftaaing from
pviu i,,hia nitat was comsnitted
r but who committed it tbe odl
ye pave not been abl* to l:arn
The bulk of (he bullion In wtach ttrt
ehortuce was discovered era* transferred
from the vault* of the sub-treasury in
ihl* city in 1547. Th* offlctita of the
tutxrewaurv srere- extremity reticent
srben naked about the toe*
:i with-, 't t
vLkh m (At-
Will S^OO Hp|p You Out?
AT glOHT. OJMV
ties aad repMfyat DmM* toe Price,
zh not Answering the Furpoe* IUlf
v< - i Y . i • t m.*k.« from l-r‘>
- mefn* It. afttr
or JiUHRAL
^oos “jprr
try- DON’T MUM
; v. ill.- A I ON >’• !•■ ,
by a single word. The aubject wan
known, and waa appreciated here and
elsewhere. Nor need he say again as
had said time ninl time before, that
was a lover of the freedom of dc-
bute. Hr hud never stood in its way,
and never intended to. A!! that b«
asked was that senators iutercitted lit
tho discussion might Indicate tome
time when it should bo concluded. There
was no subject that called for ever
lasting discussion, except, perhaps, that
which affected man’s relations to the
world to come; anil even that had bri
be taken by faith than by dispute.
He therefore asked the senate to give
the weight of reason to the question.
Let senators reason together. Let (hem
think together, and sortie the matter
on the basis of un agreement. H>‘
shnv’< from nothing in the line of
duty, but he should regret to see the
issue settled on the low level of phys
ical endurance when It might aa well
b" settled on the high level of manly,
intelligent agreement. Ho asked sen
ators who opposed (he bill to give him
their response on that subject and let
the nenate see whether there was not
somo point within the domain
courtesy and agreement that could b*
fixed upon, cither this morning or at
any time.
TELLER SAYS THERE IB NO DELAY
Mr. Teller said (bat there had been
no delay In the debate. There bad
not been a speech made for tbe sole
purpose of delay. But there were many
senators who had not yet spoken but
bad given notice of speeches. There
were others who had speeches prepared,
and, atlll other* who were preparing
speeches. At any rate, the senate had
not reached a point where It was fair
to talk about fixing tho time for dos
ing the debate.
Mr. Voorheea disclaimed any accusa
tions. or even making use of the word
“delay." But he-deelred to have some
Indication of the purpose of senator*
on the other side of the question as
to when debate should be concluded.
If the senator from Colorado, and those
acting under him could not, or did not,
desire to give any such indication, ths
matter was with them.
Mr. Teller said that be would not now
take up the time of the senator from
Iowa, (Allison), but if the senators from
Indiana desired, later on the opinion
of senator* opposed to the bill, they
would give It to him.
ALLISON’S 8PEECIL
Mr.*Alliton then addressed th* Deflate.
Th* first portion of hie speech was de
voted to a review of tbe history of legis
lation on the subject of silver coinage,
In tho course of which he said that
it was not in 1173 that the Oliver dollar
waa demonetised, because by tb* taw
of 1873 the trade dollar (of 420 grains)
was authorized; and that dollar was
on the principle of free coinage,
cause, although the trade dollar was
only a legal tender for 35, tho owner
of silver bullion could take it to the
mint and, have It colm-d. Hut It was
the Uw of 137* which took away *hst
right and thus struck down free coin
age. He agreed with the senator from
Virginia (Daniel) that silver was the
money of the people. He knew that
It had been frequently said that from
1792 to 1373, the coinage of silver dol
lars had only aggregated 3,000,000. Hut
up to 13(3 dimes were a legal tender.
A man might have gathered up dimes,
quarters nnd half dollars and made a
payment of a million dollars up to 1K3.
And of those coins there had been
nearly 330,000,000 in circulation. The
final outcome of all the legislation as
to sUv*" waa the striking down of the
legal tender quality of stiver In 1370.
And now. h* continued, are arc asked
to sustain measure* and to sustain poli
cies that will bring this country, in
my opinion, to ihc single standard of
diver. This taw of 13S0 waa a tempo
rary Uw. It was an experimental taw
also, in one sense. Nobody believed
at the time that It would stand long
upon our statutes. I certainly did not
believe so. I do not believe In tbe
policy of piling up bullion in the treas
ury of the United 8tate* sod holding
it there uncoined. I believe that that
policy Is m moat dangerous policy for
stiver itself, u ta. this minute, a me
nace to tbe price of silver. In my judg
ment it nan something to do sri’h the
depression of that metal What would
be the effect in Eurot>e if ft were
known that wo were going tv sell tbe
silver in the treasury? We have thero
U2.OUA0M ounces, and a proposition to
adl it would carry down the price more
rapidly than it was carried down when
ill-; action of India became known.
WANTS ALL BULLION COINF.D.
"Far mysrif. I am In firw *dt
lug every dollar of silver bullion in the
treasury. It .ought to.be coined. I
don’t mean now—presently. But ho
un-l-rstood K to be tho poii:y of th*
HIS FIRM BELIEF.
"I want to repeat my belief that his
tory discloses Ue fact that when you
make even u small divergence between
the established ratio and the true com
mercial ratio the result Is disastrous.
I undertake to say that it is utterly im
possible for us to deal with this ques
tion of ratio at this time. The ratio of
28 to 1 Would be an increase In ratio,
-because we have known tjie price of sil
ver to change by 20 per cent, in n sin
gle day. Tho moment the action f the *
India council was known silver went
down 20 per cent. In tho next week It
went up 1ft per cent. Hnw. then, can
we make a ratio that will measure the
value of all debts and all credits on
the basis of the bullion value of silver?
Tile eituuiivu tit luuin luui Ciifttincd *!-«
situation here. We are trying now to
keep up the price of a thing that will
go down below the cost of production,
whatever that may be.
"Senator Teller tells me It has blown
over. I have no doubt that it Is. But
what as a matter of foot are we buying
the allver for? We are buying for tho
people who consume, tho world over.
3136,000,000. Wo arc buying it from
Mexico, from Australia nnd from ev
ery place! where they produce It—
thereby keeping up their price as well
ns our own. We are buying it in tho
face of the fact that England has como
now into tho market aa sn active com
petitor wjth the producers In the sell-
ng of sliver.” After afurther elabora
tion nf this point. Mr. Allison on-
tlnued:
•Therefore, believing as I do, I am
In favor of the repeal of tho purchas
ing clause of the Sherman act. I have
no more Idea that they can maintain
the gold standard In India than I have
that I can fly from this chamber to my
home under present conditions. But
we help them to do it. What are we
doing now in the purchase of riiver will
have the effect (It may be but a straw)
of helping England to oirry out her
present Indian policy. TJ\ey have un
dertaken to sell council rupees at one
shilling four pence. That they cannot
do, or. at least, have not been able to
do. But (f we help them to hold up tho
price of silver bullion they can carry
out their policy as respect* India.
Therefore, if we continue these silver
purchases we uphold the British policy
in India. The Inevitable effect of whet
we ere doing hen; I* either lo uphold
or to destroy or impair the ability ot
England to maintain its policy In Indio.
If we cease to buy silver It will be im
possible. In my opinion, for England to
carry out Its policy, and It will become
•n utter failure. I am as sure of this us
I am that I stand here. In my opinion,
silver will be re-emabltabM by tbo
passage of this bill." After a discussion
of the Brussels conference Mr. Allison
said:
TO FORCE AN AGREEMENT.
If this government will undertake
the policy of an International agree
ment lietween silver and gold. I believe
that that policy will bo ncoompllshrd.
and that within a brief period we will
be able to restore 4h* parity between
the two metals and practically to re
habilitate allver. That I* my belief, nnd
that is the solution of this question. In
the meantime, we have to drift aa beat
we can. aa best we may.”
Mr. Hill—"Would the passage of the
repeal Dill facilitate it. or would It bin-
der It?"
Mr. Allison—“It I* only a matter *nf
Judgment. I may he right or I may be
wrong. My belief Is that If we are lo
have a;i international agreement w«
must make It appear to the nations of
the world that we ourselves do not
mean to take care of allver. That Is
the salient points. There are men In Eu
rope of the highest character, men
who read every speech made on this
floor, and who gather their opinions
from our public documents, who believe
that sooner or later the government cf
the United states will go to free coin
age. and thus relieve them from their
sttuatl m, and relieve us of our goto us
well. If It be known In England and
the other natlona today, tomorrow or
next day, that we do not intend alone
to deal with this silver question they
will deal with It. end In accordance
with u*. So believing, I am In favor
of this blil." .
Mr. Allison spoke without notes an t
commanded the cloaeat attention from
senators of both political parties and
both side* e* the stiver question.
At the conclusion or Ms remarks. In
accords nee with tho order, the senate
proceeded to the delivery of eulogies
upon the late Senator Leland Stanford
of California.
HOUBF. PROCEEDINGS.
The proceeding* In the house today
were a repetition of the proe.-eilmgs .n
the bouse yesterday, and of th* day
before, with the single exception that
(he session was shortsr and lasted hut
forty minute*-
Th* Journal having been approved,
Mr English asked unanimous consent
tor th* consideration of a resolution
redting that the recent train robberies
on Inter-state railroad lines showed that
-the United State* mails were in dan
ger, and directing the committee <-n In
terstate and foreign commerce to in
vestigate these robberies. Mr. Kilgore
objected.
Tbp speaker direct*! tbe ri#rk to mil
the committee* tor report, but Mr. Bur-
roars ero»c and. In fh* oulest tone*
and srith an air of easy confidence that
nobody could poesihly object to hi*
proposition, asknl unanimous consent
that tiie coll be dispensed srith and that
members having reports to make should
present them subject to objections.
Mr. Burrows resumed hi* seat with
well feigned surprise when Mr. Tucker
put hi* veto on this proposition, but
imm-ilaUHy arose and again moved that
the call be dispensed with.
Mr. Tucker called tor th« yres ind
nay*, which were ordered. The \
resulted—yea% 2: nays M7: but bef-re
tt ■ result wsa announced. Mr. Wilson
of Virginia rat- 1 that th« 1 u-.- had
iirM to attend In a body <m Monday
at 2 o'clock the oevvfi mid r-'tini-llng
the celebration of the cent -nntal snnl
vereary of tho laying of finniMr stsoi
of th* sapital, end he e-k- I uruini
mous consent that srben th* hoot* sfi
loomed today tt be to street on M uiil i (
of the capItoL —d o* Siba Use —j
the above vote having hem anqnunsnn
■bowing that share waa no quorum, lb
bouse a’. 12A) aJj.utu -.