r ESTABLISHED JUNE 19 , 1871 , OMAHA , WEDNESDAY MOUSING , AUGUST 9 , 1893. SINGLE COPY ElVE CENTS Purcliasoa of Silver by the Government Must Bo Stopped Inttanlor. SUCH IS THE DEMAND OF THE PRESIDENT Oongresa Urged to Unconditionally Wipe Out tbo Sherman Law. ACTION OUGHT TO BE TAKEN AT ONCH Business of the Whole Oountry Urgently ' Calls for iftcliof , IT'S ' A STANDING MENACE TO INDUSTRY Moro Than Anything Else the Law is Re sponsible for Hard Times. OUR MONEY MUST BE GOOD EVERYWHERE In Onlur I < > Mulco It NoVo Cannot UHO hllvcr IfiiioNH an Intrriiutloiml Agree ment l > Kiitrri-tl Into Ttti-irr In the Iliiukc WASHINGTON , Aug. 8. The president's message delivered to congress today is as follows : To Titr. CONOUKSS OF THE UNITED STATKS : The existence of an alarming and extra ordinary business situation , involving the welfare and prospcrityof all our people , has constrained mo to call together in extra session the people's representatives m con gress to the end that , through the wise and patriotic exercise of the legislative duty with which they solely are charged , the present evils may bo mitigated and the * dangers threatening the future may bo averted. Our unforttmato financial plight Is not the result of untoward events nor conditions re lated to our natural resources , nor is it trace able to any of the afflictions which fre quently check national growth and pros perity. \ \ ith plenteous crops , with abundant promise of remunerative produc tion and manufacture , with unusual in vitation to safe Investment , and with satisfactory assurance to business nnter- prise , suddenly financial distrust and fear hiivo sprung up on every side. Numerous moneyed institutions have suspended be cause abundant assets were not immedi ately available to meet the demands of frightened depositors. Surviving corpora tions and individuals are content to keep in hand money they are usually anxious to loan , and those engaged In legitimate busi ness are surprised to find that securities they offer for loans , though heretofore satis factory , are no longer accepted. Values sup posed to bo fixed are fast becoming conjectural jectural- and losses and failure have in vaded every branch of business. Kuril Timor , Duo tn th Slu'rmun Law. I believe these things are principally chargeable to congressional legislation , touching the purchase and colmigo of silver by the general government. Tills legisla tion is fcmbodied in a statute passed on the Mth day of July , IS'JO , which was the cul mination of much agitation on the subject involved , and which m-iy bo considered a truce , after a long struggle , between the advocates of free silver coinage and those in tending to bo moro conservative. Un doubtedly the monthly purchases by the government of1,500,000 ounces of silver , forced under that statute , were regarded by those interested in silver production as a certain guaranty of its Increase in price. The result , however , has been entirely dif ferent , tor immediately following thu spasmodic and slight rise the price of silver began to fall after the passage of the act and has since reached the lowest point over known. This disappointing result has led to renewed and persistent effort in the direction of free silver coinage. Meanwhile , not only are the evil effects of the operation of the present lav constantly accumulating , but the result to which Itt execution must Inevitably lead is becoming palpable to all who give the least heed tc financial subjects. Thin law provides that in payment for the -lr , > 00,000 ounces of silver bullion which thu secretary of the trcas ury Is commanded to purchase monthl.v there Hhall bo Issueil treasury notes redeemable - able on demand in gold or silver coin , at the discretion of the secretary of the treasury and that said notes may be reissued. It is , however , declared In the am to bo the established policy of the United States tc maintain thu two metals upon a parity with each other upon thu present legal ratio , 01 such ratio as may bo provided by law. llul : lr utiir i > l ° tlio l.iiw. This declaration so controls thu action o the secretary of thu ti wsury as to proven his exercising the discretion nominally vested In him , if by such action thu parity between gold and silver may bo disllirbcd Manifestly the refusal by the secretary ti pay thuso troabury notes in gold , If de manded. would necessarily result In thci discredit and depreciation as obligation payable only la silver , and would destroy thu parity between thu two metals bj establishing iiseriiniiiatlon in favor of gold Up to thu ir > th day of July , 18113 , thusi notes had been Issued In the uaymeiit of sil ver bullion purchased to thu amount of mor than $117,000,000. , Wlnlo till but a ver ; small quanllly of tills bullion remains uu coli.ed and without usefulness in the treat ur.v. many of the notes given in Its purchas have been paid in gold , 'ibis is illustrate' ' by the statement that between thu 1st da ; of May , 18UJ , and the 15th day of July , ItMi nolcs of this kind Issued in payment fur sil ver bullion amounted to a llttlu moro thai K > 1,000,000 , and that during the same porloi about § 111,000,000 , were paid by the trcasur ; in gold for tlio redemption of such notes The policy necessarily adopted of payini these notes In gold has not spared the goh reserve of $100,000,000 , long ago sol aside b the government for the redemption of olhc notes , for this fund has already been sul jeutuii to the payment oJ-new obligation amounting t6 about Jlftu'ooo.OOO on uccoun of silver purchases , and has , as a const quenco , for the first time since Its creatlo been encroached upou , Ic Canned tliu Drain of ( jolil , We have thus made the depletion of ou gold easy , and have tempted other and mot appreciative nations to add it to their stocl That the opportunity wo offered has nc teen ucglcclod has beou showu by the lurg amounts of cold which have recently been drawn from our treasury and exported to Increase the financial strength of foreign nations. The excess of exports of gold over Its imports for the year ending Juno 80. 18Uj ; , amounted to moro than $ 7,500,000. Hetwecu the Mt day of July. WM , and tlie Ifith day of July , isuil , the pold coin anil bullion In our treasury decreased moro than ? 1UUOO,00 : , ) , while during the same period the silver coin and bullion in the treasury Increased more than J147,000,00fl. Unless government bonds are to bo constantly issued and sold to replen ish our exhausted gold , only to bo 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 gnlu In thu govern ment treasury , and that this must bo fol lowed by the payment of nil government obligations in depreciated silver. At this stage gold and silver must part company and the government must fall in the es tablished policy to maintain the two metals on a parity with each other. Given over to the exclusive use of a currency creatly de preciated according to the standard of the commercial world , wo could no longer claim a place among the nations of the first class , nor could our government claim the per formance of its obligation , so far as such obligations had been Imposed upon it , to provide for the use of the people the best and safest money. \Vo Can't Force Silver on tlio World. If , as many of Its friends claim , silver ought to occupy a larger place in our cur rency and the currency of the world through general International co-operation and agree ment , It is obvious that the United States will not be In a position 10 train a hearing in favor of such an arrangement so long as wo are willing to continue our attempt to ac complish the result slmrlo-handed. The Icnowledu'O In business circles among our people that the I'ovornmont cannot nialto Its flat equivalent to intrinsic value , nor keep inferior money on a parity wltti superior money by its own Independent efforts , has resulted In such a lack of confidence at homo in the stability of currency values that capi tal refuses Its aid to now enterprises , while millions are actually withdrawn from the channels of trade and commerce to become Idle and unproductive in the hands of timid owners. Foreign investors , equally alert , not only decline to purchase American secur ities , but make haste to sacrifice those which they already nave. It does not meet the situation to say that the apprehension in regard to the future of our finances Is groundless , and that there is no reason for lack of conlidenco in tlio pur poses or the power of the governmenrprom- iscs. The very existence of this apprehen sion and lack of confidence , however caused , is a menace which ought not for a moncut to bo disregarded. Possibly , If the undertaking wo have In hand were tbo maintenance of a specific known quantity of silver at a p irity with gold , our ability to do so might bo esti mated and cauged ; and perhaps , in view of our unparalleled growth andrcsourccs.might bo favorably passed upon ; but when our avowed endeavor is to maintain such parity in regard to an amount ot silver increasing at the rate of $50,000,030 yearly , with no fixed termination to sucli Increase , it can hardly be said that a problem is presented whose solution is free from doubt. I.ulKir Stillcrj the .MnHt. The people of the United States are en titled to some stable currency and to money recognized as such in every exchange nnd in every market of the world. Their govern ment has no right to injure them by financial experiments opposed to the policy and pr.ic- tico of other civilized states , uor is It JusU- llcd in permitting an exaggerated and un reasonable reliance on our national strength and ability to jeopardize the soundness ot the people's money. This matter rises above the plane of party politics. It vitally con cerns every business and calling , and enters every household in the land. There is ono important aspect of the subject -which especially should never be overlooked. . At times like the present , \vjicn the evils of unsound finance threaten us , the speculator may an ticipate a harvest gathered from the misfor tunes of others ; the capitalist may protect himself by hoarding , or may even find a profit in the fluctuation of values ; but the wage earner , the first to bo injured by de preciated currency and the last to receive " 1)10 ) benefit of its correction , is practically defenseless. He relies for work upon the ventures of confident and contented capital. This failing him , his condition is without alleviation , for ho can neither prey on the misfortunes of others nor hoard his labor. Ono of the greatest statesmen our country las known , speaking moro than fifty years igo , when a derangement of the currency Kid caused commercial distress , saiil : "Tho very man of all others who has the deepest interest In a sound currency , and who suffers by mischievous legislation in monetary matters , is the man who earns his daily bread by his daily toil. " Those words are ; as pertinent now as the day they were uttered and.ought to impres sively remind us that failure in the dis charge of our duty at this time must es pecially injure those of our countrymen who labor , and who , because of their number and condition , are entitled to the most watchful euro of their government. Immedlttto Itujuml i > ciimn < lo < l. It is of the utmost importance that such relief as congress can afford In the existing situation bo afforded at once. The maxim. Ho gives twice who gives quickly , " Is directly applicable. It may bo true that tlie embarrassments from which the business ol the country Is suffering arise as much fron : evils apprehended as from those actually ox istiuWo may hope , too , that calm coun sels will prevail , and that neither the capitalist nor the wage earner will give wa.v to unreasoning panic and sacrifice thuii property or their interests under the influence of exaggerated fears. Nevertheless , over\ day's delay In removmir ono of the plain ami principal causes of the present tatc ol thli.'gs enlarges the mischief already demand and increases the responsibility of the gov eminent for Its existence. Whatever olsi the people have a riirht to expect from con grcsH , tUoy may certainly demand that legls lallon condemned by the ordeal of three years' disastrous experience shall Uo re moved from the statute booics as soon ai their representatives can legitimately doa with it. TarllV Itnform ill SuiMiiuliiry Importance. It was my purpose to summon congress It special session early in the coming Soptoni her that wo might enter promptly upon tin work of tariff reform , which the true in tun-sts of the country clearly demand which a largo majority of thu people , a shown by their sullragcs , desire and expect audio thu accomplishment of whichever : effort of the present administration i pledged. Hut while tariff reform has los nothing of Its immediate and permanent im portaucu , and must in the near futun engage the attention of congress , It ha seemed to mo that thu financial condition o thu country should at unco and before al other subjects bo considered by your honor able body. 1 earnestly recommend the prompt ivpaa of the provisions of the act passed July 14 IS'.H ' ) , authorising the purchase of sllve bullion , and other legislative action thai may put beyond all doubt or mistake tin intention and thu ability of thu woverninen to fulfill its pecuniary obllvrations In iiione , universally recognized 'by all clvilUc < countries. GKUVKU L'i.i'.vri..v.si > , ICxr.euTivi : MANSION , August 7 , lh'J3. : N m.uu : > IT. Doiiiorritt * Applaud the .Mcstitgn anil Ki MM Ho Over T.irill' Itoforiii , WASIIIXUTOX , Aug. 8. After the read In of the journal thu huuso took a recess tl l'Jli : ! p. m. pending the receipt of the prosi dent's message , the joint committee of th two houses having 'iinvoldably been delaye in the business of notifying the chief magi : train that , congress was organised and read to hear from him. When the house reconvene the president's message was read. Th rending waslUtened to with intense iutoiv : and in dead silence. There were a numbi ! of tiroad smiles on the republican sldu at tti president's allusion to tariff reform us secondary issue at this tlmo , Al tno cot elusion of the reading the message ) we loudly applauded by thu democrats. When order had been restored Mr. O'Foi rail called up the case of Hlchanlsbn and Helknap. both claiming to have a "prima fade" title to a seat In the house from thu Fifth Michigan district. Mr. Uurrougns presented the case of Mr. Itclknap and contended that the certificate which Mr. Helknan had was .0110 of the best over presented to the house. Mr. Weadock presented the claims of Mr. Hlchardson , slating that the action of the supreme court of Michigan was clearly with out jurisdiction. Messrs. Springer , Drown of Indiana. Heard and O'Forroil also maintained the locality of Richardson's claims , and Mr. Dalzcll attacked it. Mr. Dates suggested that the whole question bo referred to the committee on elections when appointed. Utmmtod tlio Ilcpiihllcnu , of Coiirnr. Mr. Oliiffloy move ! the matter bo rcfcrro. ! to a special committee of live members , with Instructions to report within ten days. Mr. Ltingley's motion was lost yeas , litS ; nays , HU/ The following democrats voted with the republicans In the afllrmatlvo : Howcr , Cobb , Cttmmlugs , Hall of Minnesota. Harris , Harter , Hayes , Martin of Indiana , Gates and Tracy. The populists voted with the democrats. Then came the vote on the republican resolution declaring Uclknap entitled to his scat on a prima facie case , and it was de feated yeas , 114 ; nays , HIS. O'l-'errall's resolution for the Immediate swearing in of Ulchai-ilson , was agreed to without division , and Hlchardson cauio for- I ward ami quallttcd. On motion of Mr. Catchlngs , fv resolution was adopted authorizing the speaker to ap point thu commutes on rules , accounts , en rolled bills and mileage , with the member ship to which they were entitled in the Fifty-second congress , referring the rules of that congress to the committee on rules. Mr. Ketlty announced the death of his col league , William Mutchler , and as u mark of respect to the memory of the deceased , the house adjourned till Thursday. At the close of the day's proceedings In the house , Mr. Dlaiid sent to the clerk's desk and had read a call for a caucus In the ballot , the house at 13 o'clock tomorrow of "all members in f.tvor of the free coinage of silver. " KU.SIl OP llll.l.S IN ' 1'IIK SIJX.VTI3. Illll Introduces the I-'lr.ot Moiisuro unit MiMinrt 1'olliMVK u Hh I'rro Colnio : Iilu-in. WASHINGTON' , Aue. 8. The proceedings lu the senate today were of great public Inter est. In the first place the president's mcs sago was read and listened to with marked attention on both sides of the chamber. The message was "referred to the committee on finance and its immediate printing was ordered. Then the floodgates of legislation were thrown-open and a current of bills on financial and other subjects was admitted. Mr. Hill of New York was the first senator to got lu a bill for the repeal of the purchas ing clause of the Sherman act. Mr. Stewart of Nevada followed with two other bills ( and a speech ) on the same subject. In the speech ho declared himself against the re peal of the Sherman act and said such re peal would destroy silver coinage forever. A resolution was offered by Mr. edge of Massachusetts directing the committee on finance to report a bill for the repeal of the purchasuclause of tho'Sherman act and pro viding for a vote on the passage of such bill by the 2id of .August , if not sooner reached. This resolution was supplemented by another , offered by Mr. Halo of Maine , fix ing the hour of meeting of the senate from and after Thursday next at 11 a. in. These resolutions precipitated a discus sion , in which several of the leading senators on both sides of the chamber participated. They went over without action , and will be laid before the senate tomorrow. In the course of the discussion Mr. Sherman dc- clnred himself in favor of a full and fair de bate , without limitation or eloture , and Mr , Teller said that the debate would not come to an end in thirty days , or even in sixty days. After the morning routine , the senate took a recess till It ! : ( . " > p. in. to await the arrival of the president's message. On reconvening the message was read. Seldom in thu history of the senate has a message been listened to with such close attention. Every senator seemed on a nerv ous strain not to lese a word. Itcfi-rrc-d anil Ordered I'rlntoil. As soon as it was ended , Mr. Voorhccs of Indiana moved that It hu printed and re ferred to thn committee on finance. "Hotter let it Ho on the table , " said Mr. Stewart of Nevada ; "wo may want to make some remarks about it. " "If any senator manes that request , " Mr. Voorhccs replied , "of course I will not insist on the motion. " Mr. Voorhccs I suppose that any senator can address the seriate on the subject of the message just as well after it is referred as if it was on the table. The usual course is to order a mcssago to be printed and re ferred to a committee. Mr. Stnwart Very well ; let it go. The message was thereupon referred to the committee on finance with orders that it ue piinted immediately. Mr. Uulph of Oregon gave notice that he would , after the morning business , address the senate on the subject of Jluaucc. A largo number of petitions for and against the repeal of the Sherman act were presented and referred , ' [ 'hen it was an nounced that the introduction of bills was in order. I-'lrtt Illoiid for David U. The first bill of the session was introduced by Mr. Hill of Now York , its title being "To Itopoal Certain Sections of the Act of July 14 , Ib'JO. " It was referred without reading to the committee on finance. The next two bills were Introduced by Mr. Stewart of Nevada. Their titles were : "To Hestoro the Higlit of Coinage , " and "To Supply the Deficiency in the Currency. ' The latter bill was read in full. It directs the secretary of the treasury to Issue sllve'r cerlitlcales equal in amount to the silver bullion In the treasury purchased under the act of July 14 , IS'JO , iu excess of the amount necessary , at Its coining value ; to redeem the treasury notes Issued under that act and to use the same to provide for any deficiency In the revenues of the government , the sur plus of such curlillcatcs to be used in the ; purchase of 4 per cent bonds at their market price , nut exceeding 1" per cent premium. Mr. Stewart said that ho deslrnd to call the. attention of the finance committee to the lallcr bill. Us purpose was to trlvt immediate relief. His bill provided , he said , for Hie Issuius of flOJ.OOO.OOO of treasury notes to pay for Donds to be deposited by banks us security for iho notes , The notes could bo afterward retired with bonds , That would give about $150,000,000 of in- creasei In currency and would give immediate relief. The senate should not delay as the country was in such slalo of panic. It would bo unpatriotic for any man to get up n discussion now. Hut the sliver men did not believe that they could allow the Sherman act to bo repealed , because they bellovce ; thai would bo the cud of silver coinage for ever They e'ould not agree to that am : they could not bo expected to agree to it Hut they did not want to be put In tin position of contending against what was absolutely necessary at the present time Ho was in favor of any temporary measun thai would give relief , and in the meantime the discussion of the whole financial ques lion i-ould go on. At the close of Mr. Stewart's remarks hii bills wore referred to the committee 01 finatico IliiloUrtriMl. ) Mr. Hale of Malun offered a rcsolutioi fixing Die hour of daily mealing of the sen ale after tomorrow at 11 o'clock. H said that the president had very apt ) ; and iu uo uucerlalu terms givoi [ 1 business to the senate and to tin , , I house to atlcua to , and had quotci the maxim : "Ho gives twice who give y quickly. " His uujo-'t tn offering the rcsolu tion was to atrcngthcn the president's hand o by Increasing thu length of the working da , it and thus decreasing tno number of day ir that must clapso for the adoption of th 10 legislation which the president rccom 10a mended. Thorn was no senator on eithc sldo who did not desire , so soon as his dut , could be performed , to avoid the heat o this ( U mib'ht bo pestilential ) city and t ulu him homo. Tticro was no great busiucs interest of the coun < ry s that itld not command. ( as the president said ) swift legislation. 1C the senate were to take a \\4to on this ImiKirtant matter on the M of August , as proposed by Mr. Ifdelifo , and which ho thought that two-thirds of the republican senators would favor. 10 o'clock would bo a bettor hour to meet thnn U o'clock. Ho was willing to modify his resolution accordingly. Ho did not propose to have a vo o taken upon It now , hut ho thought ho would move its reference to thu committee on finance. Ho know thttt thu chairman ot that committee ( Mr. Voorhecs ) had been always sound on the money question , nnd that soundness was supposed to have becmteiMitly strengthened , if that were iwsslblo. Ho could get his com- mlttco together tomorrow and could report tomorrow a joint resolution repealing the purchase clause of Hut Sherman act , and the senate could yet to work upon It on Thursday and set Itself seriously to the business Of the country. The president , ho added , hud made a perfunctory allusion to thu tariff , but there was not a senator present who did not know that the democratic party would no moro dare'to tit- tack the tariff question than a sane man would dare to grasp a wire charged with electricity. Congress \vas In session for the solo purpose of considering the financial question. Senators on the republican side minted Immediate action. They wanted the senator from Indiana , ( Mr. Voorhoes ) to re port a bill in accordance with the patriotic suggestions of tlio president , so thu senate could get to work on Thursday morning. Such a measure could only bo passed in ono way and that was by the senate sitting day and night and Sundays. ( ionium Drprccuten Haute. Mr. Gorman of Maryland resented Mr. Halo's remarks as being mSflu to gain parti san advan'.ago. It was "small politics. " ho said , that had suggested the resolution. The senate dare not ( as the senator from Maine unow'iind as the country know ) dispose of such a question In.haste. . . Senators on both sides were divided b ) opinion as to the proper remedy to bo applied. Ho trusted that all senators wouil arise above inert ) partisanship and would settle the question in tlio interest of the i'ountry , ami hu hoped nothing would bo done on the republican side of the chamber to" excite party feeling on the democratic sldo. He trusted from this time on It would uo thoroughly under stood that senators were to servo their country ; that there was an awful condition of things existing ; and that they would come to the consideration of the question deliberately and calmly with a view of the perfecting of some legislation- that would give relief. Intruded to Support tlio I're-Udpnt. Mr. Hale My proposition Is a serious proposition. It Is made with the view of strengthening thu hands of the president. If there is any ono thing tin the president's message that ho brings out in no uncertain tones , It is the appealing cry for immediate action. Tlio senator from Maryland will not , by charging us with "seeking party ad vantage , deter this sldo of the chamber from standing up to the president's suggestions. Mr. Voorhees , chairman of the finance committee , said that "the committee would bo convened day after day. Several Hepublicans Why not tomorrow ? ScnUiui'iits or Senator Voorhuon. Mr. Voorhfes I shall issue thu call tomor row for the committee.to moot Thursday to take up thu great question , as it must betaken taken up far away from the speeches of cheap domasrogucs , such as we have been listening to. The idea of dealing with the questions in the hop-skip-and-jtimp style suggested by the- senator from Maine is amazing in thu senate of thu United States particularly in'tho case of a senator who is now forward to- undo what ho has helped to do. , The senator from .Maine for gets that every curse of the Sherman law comes home to roost in that sldu of the chamber , not on this.- Not a single vote on our side was given for that miserable act. I never believed iu it and do not now , out the idea of thu senator from Maine appealing to me to make haste and undo the infamy and fraud which ho himself voted to fasten on this country is about the most refreshing that I have witnessed in thirty years of public life. I Laughter and handclaps on the iloor and in tlio galleries , the galleries being reproved for their share m the demonstra tion by the presiding officer , Mr. Hlackburn of Kentucky. ) In the course of further colloquy Mr. Voorhees said the matter should be approached preached in a becoming spirit , not lu the of - . . This " spirit joukoyis-.n. "jockey move ment" of the senator from Maine ho hoped would mc"et no imitutloli hereafter. Srnutor Sliurir.uu i-Jxpl.tiitK. Mr. Sherman said that the aet which was now sought to be reverse , ! had been caused by the imminent danger1of the two houses agreeing to a bill for the frou coinage uf sil ver. Mr. Sherman went into some details which have been frequently published , and said that his friends on tlio other side of the chamber were responsible for the Sherman act. He added , however , that every provi sion of it was wise , conservative and Just except the purchasing clause , for thu repeal of which ho would no.v vote with the great est of pleasure. "I wish to see the broadest discussion and will vote for no measure of extreme urgency to press a decision of the question. " Mr. Vest of Missouri said that a partisan discussion at this tlmo was to no deplored , but the senator from Ohio had made an ex traordinary statement , which. In justice to all democratic senators , ou ht to bo now considered. The senator had stated that thu Sherman act had been enacted in order to prevent the passage of a free silver bill. Mr. Sherman -To prevent a erc.Uer evil. Mr. Vest Is that a correct statement ( Air. Sherman The house provide. ! for the monthly purchase of $ l.r)00.0' ) ( ) worth of sil ver , which would now buy (5,500,000 ( ounces. To defeat that measure and also to prevent the passage of a free coinage bill as passed by tlie senate , this compromise was agreed upon. \Vinihl ( Mrrl-ioti Ilavn Sigurd U ? Mr. Vest That extraordinary statement Implies that President Harrison would have signed a free coinage bill ; for nothing is better known than that it wait Impossible for such a bill to pass Over the president's voto. voto.To To this Mr , Sherman retorted that ho trustu.l the time would never come when congress would cither compel or induce the president to suvo U from the consequences of its o-vii action. ' . Mr. Teller of Colorado closed the discus sion. Ho said the clamor for the rupcul of the Sherman aet did udt como from the pro ductive agencies , but from the money con- tors. There would-be tnio } enough , Mr. Tel ler added , for the discussion of the subject. Tlio discussion would not bo closed on the 'JM of August. It would extend beyond that , > not on account of delay on the part of those > opposed to the repeal of the Sherman act , but uccauso u qucsttou' of so much Impor tance could nut bo handled and disposed of properly in thirty days her In sixty days. i The discussion how closed , .Sir. Halo's I resolution and Mr. IJg 's resolution both lying on the table until 'tomorrow.when they will bo again 1-ud , biifoiu the senate. After a set speech en thu financial qucs tlon by Mr , Dolph , the senate adjourued. UOWTIIKY Midi IT. Colorado IVoplu .Sen I.Utln Consolation in Ilin Mciiiiuga Oilier Comment. DKNVKH , Aug. 8. After showmgat consld , orablo length tluit the repeal of the purchas in ? clause of the Sherman law would not havoatiy effect to prevent the depletion of the gold reserves of the treasury , because green backs could bo used for that purpose a : easily and as effectively as thu treasury notes of Ib'JO ' , the Denver Republican closes its leader on the message as follows : "Taken as a whole , the president's message sago will prove a greater sot-baclc to tin advocates of the'single gold standard thai to the upholders of bimetallism. It rccom mends thu unconditional repeal of the pur chasing clause of the Sherman law , but 1 docs not contain a single valid argu niutjt to prove that the cxistln , financial stringency could bo re Moved In any way by cutting off the enl , means now available for an Increase In the o | already too limited circulation of the coun try , U uiakoa uo reference to thy Incalcula We injury that would bo done to the countr y by paralyzing Us sliver mining industry , which Is capable under favorable conditions of adding from S O.OOO.IXKI to $100,000,000 an nually to the permanent wealth of the world. It expresses no regret for the misery and loss which would lie entailed upon moro than " 3 per cent of thu people uf the nation by the evils of a shrinking inotioy supply , fulling prices , unprofitable ) farms nnd plan tations , and Idle mills and factories. It will bo hailed with delight In Ixjmbard street and Hegcnt street and by the holders of fixed di'bts wherever American securities are held , but it will sound llko a death kticll to all debtors all over the land. " Doesn't Suit thn No\v . Speaking editorially of the president's mes sage , the Hocky Mountain News will tomor row morning say : "Tho Hue is drawn. On ono sldo Is Uroviu' Clove-land and ail the power of his administration to force the country , at whatever e'ost , to the gold stan dard. On the other are the people with all their vast interests , struggling to restore the bimetallic standard and thus save them selves and their country from titter business ruin. Mr. Cleveland maintains that our present unfortunate ) financial plight Is princi pally chargeable to the Sherman act. His argument uiwn this proposition leads to the conclusion that It Is the interpretation which the treasurer places upon the clauses of the net defining his duties ami limiting his discretion that pro- ducesithat very unfortunate financial plight. As it Is , the secretary , lu violation of the plain letter of the law , with the president's approval , has made two irnvermnunt obliga tions payable In gold alone , and has thereby established a clear discrimination iu favor of gold. " In conclusion the editorial says : "In the face of his facts , deliberately dismembered , his leiglc based upon hulf-told tales , his con cealed hostility to silver as money , except used in a menial service , his open sollcltudo for foreign bondholders that they shall bo paid gold , and nothliig hut gold , for the bonds they purchased at half their face , and which , under the law , are payable In greonbacltH , and by a resolution of congress. In either gold or silver , what ho says will have no weight with intelligent and un biased men and will meet the approval of those only whose interests Ho in the impov erishment of the masses of the country for the enrichment of the classes , foreign and American , who own the money and are , therefore , advantaged by the lessening values of all the other assets of the world. " 1'riidniit I'olltlcH Only , SAN FHVNCISCO. AUT. S. The Evening Post , independent democrat in politics , says editorially : "The words in which Mr. Clove- laud has transmitted his message to congress " gress are those of a prudent "politician , whoso intollectualitv is under the strict re pression of a myriad of conflicting interests , ills document Is , therefore , a serious disap pointment. Mr. Cleveland is no longer a statesman ; he has become a diplomat. " iNiUANAi'ot.is AUIT. 8. The Sentinel ( dem ocratic ) says : "All1. Cleveland cuts a wa.v from all side Issues and possible problems of the future iu order to deal with the great problem of today. It is to be hoped that congress will follow his example. " N w York I'reiH Continents. Nnw YOHK , Awr. 8. The following are ex tracts from editorials relative to the presi dent's message which will appear in the issues of Wednesday morning : The World : "Ills a characteristic docu ment ; plainly spoken , honest , terse and patriotic. His statements of facts are unde niable. His conclusions are irresistible to all open and candid minds. The president's meaning in thu last sentence is doubtless that power should bo explicitly given to thu ad ministration to reinforce the supply of gold when necessary. Such authority is needed and should bo given. " The Sun : "No part of President Clove- Janel's message , Important as it is In every "part , is more significant or politically re assuring than that referring to the tariff. Wo congratulate the democracy on the fact that the president rccogni/cs squarely and honestly the validity of the pledge. There is no sign of repudiation. " Under the caption of "Honor to the Presi dent" the Tribune will say : "Tho presi dent deserves high honor for the message , so free is it of every su ge ti'in of trimming and compromise , and so earnest and so strong iu us appeal to the good sense 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. " The Times : "There is nothing in it that can offend any section , any class , or oven any faction ; there is uo harsh criticism of conflicting theories. It is a most moving appeal to the sense , the patriotism and the fairness of all. It isn niussigu that every American must respect and in which all may feel not only satisfaction , but pride. " The Staats Zeituug : "Iu tnis not what we neeiK The American people must now have ie'arned by experience what is right in the silver question , and It is to bo hoped they will not attempt to oppose this object lesson to their constituents. " Comments til KntIi < li NcwspupiTH. LONDON , Aug. S. The Post , commenting on President Cleveland's message , says : "America cannot well stop at the mere repeal of the Sherman act. " The Post throws 6ut no suggestion , but says some action is cer tainly necessary. The Daily Telegraph says : "Yesterday's proceedings iu the United States congress and in the House * of Commons ought to be read side by sldo. President Cleveland's striking picture ot the evil wrought by free silver lu the United States constitutes an ef- fe-ctlvo answer to Mr. Chaplin's economic fal lacies. " The Times commends the messigo and says it would be dlnicult to convict , Mr. Cleveland of exaggeration in the face : of tlio daily returns of American prices and exchanges. No perma nent improvement can bo looked for until cumrrcss abandons the task ol attempting tn maintain an artificial ratic between silver and gold. President Cfove- land is iqamfcstly doinir everything possible to tonniimto the evil , but thu silver Interest is certain to make a lough light. tiiltlsllo-t ChlrHuo , CHICAGO , Aug. 8. The Inter Oco.iti ( rep. ; says : "Tho message Is a clear and forcible presentation of the subject. " The Times ( dem. ) says : "While tin president makes a woll-ureml plea , pruc tically for monometallism , ho seems to forgei entirely the democratic party , which pledgee Itself to maintain bimetallism. It cannoi maintain bimetallism and repeal the Slier man act without a substitute , but the prcsi dent asks no milHtltmo. The lcgUlatl7 ( body , If true to its parly , must USK insteai of the Sherman law what ? Thai question must duviso the legislation. " The Hocord ( hid. ) says : "Tho recom moiidalion of President Cleveland will mee wi'ih very general approval. The quostloi submitted to etongress is not of a puiitica character and should not bo viewed fron an angle of partisanship. " V Sound unil CINCINNATI , Aug. 8. The Kmiulrcr : " 1 Is a forcible s'uto paper. Vlo'lding nothini of his demand for Uriff reform , ho believe that Its consideration should await tlie dls position of the more pressing need. " The Commercial-Gazette : "The utter aucos on the silver question are ) not dlsap pointing to those who expected sound am businesslike views. " All Don't Think Alllir. MEMPHIS , Aug. 8. The Appeal-Avalanch ( democrat ) criticises President Cleveland' message because It suggests no subslitut for tlm demonetizing of silver. DLTIIOIT , Aug. 8. The Detroit Tree Pros ( dem. ; and the Tribune ( rep. ) hearlll. oiidorso President Cleveland's message un urge conere'ss lo adopt his suggestions. SAN FiiANCisco , Aug. 8. The Chronic ! says the promises on which Mr. Clovelan bases his arguments for monomotalllsin ar wrong and his conclusions are nccessurll false. The Examiner ( dom. ) says the me : sage is important becau.se of its source , hu it throws no new light on thu problem thn has brought congress together. ST Lwia , Aug. 8 , The He-public ( dom. ) says : "Tho message was received wit good feeling in congress and will bo s received by the country. Thu president hn lionoklly described the condition as H u ] -t , - - - pears to him and ce " . i will honestly scolc a remedy. " \ , , . The Olobc-Domoi . ( repwill ) say : "President Clovclar cssago has hardly satisfied the country. ' ' % as restricted to the question of slh'hllo the public looKcd for a broader tl vnt of the mone tary issue.1' Iweifisvit.i.r : . Aug. S.- T the capt'.on "A Great Document , ' . Watterson will- say In tomorrow * urler-.lournal : "Llko everything ciuat. from the pen of the president , i message bears the Impress of a strong and earnest mind. No ono can gainsay the array of facts nor answer the argument of this me-ssage. The purchase clause of the Sherman act must go ; it must go line-on- dltlonally ; it must go promptly. Those senators who umlertiiko to Imp-'do its going. will dig their own graves. " Ci.wni.ANP , Aug. S. Thn Leader will say : "Tim message is a clear statement of the e'aso against silver purchase ; as nearly nonpartisan - partisan as It could bo ; e-oucillatory in spirit ami well calculated to unite the sound inonoy men of both parties. " iNPiANAroi.is , Aug. 8. The Journal , repub lican , says : "The mass of republicans will agree with the president , and those who rep resent the party lu congress will vote in favor of repeal. " VAIIIOUS OPINIONS. Wliit : ColiKro'Blurn uml Senator * Think of I'ri'gldi-nt'n . the ' Mcusngr. AVASIHNOTON , Aug. 8. The mcssago of the president was received by congress with a degree of attention and earnestness that has seldom been accorded to that state paper. A notable ! fact was the general ab sence of adverse criticism from a party point of view , and , among those who have reserved their judgment , the democrats were quite as numerous as the republicans , for Instance , -Mr. Voorhees , chairman ot the finance com mittee , declined positively and refused to be Interviewed on the message , anil Mr. Hill of New York did tlio same. Mr. Gorman said : "The message Is a clear statement of thu president's views. It is as torso and clear a statement as could have been made. Senator Cockroll , chairman of the appro priation committee , said : "I am not sure that 1 understand fully the purpose of the message and until I have road It carefully I cannot express an opinion. " Senator Allison , one of the leading finan cial lights of this country , was very conserv ative in his expressions of opinion. Ho re marked : "It is a very fair message. " He thought that the tariff references of the president were calculated to disturb busi ness further at a very critical time. Sect No ( iood In It. Senator Jones of Nevada : "I think the mi'ssago is utterly illocical and does not analyze the situation at all. The Sherman law lias nothing to do with the present con dition of affairs. The lines are drawn for the battle and I see uo reason for the friends of repeal to think they can carry their measure through. " Senators Quay , Hawley , Lodge and Mc- Phcrson were well pleased with the recom mendations regarding llnam-es. Senator Teller : "The simple assertion of the president that the present financial con dition is duo to the Sherman law does not make it so. Ills promise is wrong and his conclusions necessarily fall to the ground. " Senator PelTor : "The banker will regard it as perfection ; the farmer and worlrliigman will see in it further reduction of prices of the product of their farm and tlicir labor. It is the first attack of the money kings in their final struggle for supremacy. " Uourko CocKnin of Now York , who is ex pected to lead the anti-silver torces on the floor of the housesaid : "Admirable ; most admirable. ' ISvon the silver men must ad mit that it is the most perfect presentation of the question that could be made. " Heproseritativo Bland of Missoilrl , the Moses of the five coinage men , said : "As nearly as I could make out H was a plea for a single gold standard , because Kugland maintains it. If England would coin silver probably this country would do so , Wo seem to have lost the spirit of 17JU" Representatives Hynumjand Ilnrtcr com- muiuied the message in the highest terms , us elid Messrs. Springer and Hotmail. , lurry Mmprtoii's Oplatou. Rcprcnontatlvo Simpson ( popdlist ) of Kan sas said : "It is the weakest message over presented to the country. Weak as dish water docs not express it. " Uapivsent.itivo Mc.Millin of Tennessee heartily approved the mossago. Representative Hell ( populist-democrat ) of Colorado said : "H is an unmistakable gold standard p.iuor. It is in direct coulllct with the platform and doctrine's of the party for the past twenty years. It is tlio argument made by Sherman and the money power. It makes the silver forces moro determined. It did not seem to Impress oven the silver democrats. 1 believe it will help the silver cause. " Mr. Dockcr.y said : "It easily takes rank with the ablest of state papers. His char- actemation of tlo pernicious features of the Sherman law will pass unchallenged , but 1 regret that the message falls to reaffirm thu doctrine of the last democratic platform and Mr. Cleveland's own lutterot acceptance iu favor of a double standard. The Sherman law should bo repealed by an act authoilz- ing the free coinage of both gold and silver upon the lines indicated by the last national democratic platform. I am opposed to a single gold standard. " Senator Woh-ott took issue with the presi dent on HID subject matter of his message ami said that he elid not holiuvo the Sherman taw had anything to do with the tunic , as the president sets fnrth. nor did he believe the pre'.sident would have power enough to force the repeal bill through the senate. 1'i AN-j or TiniiriitiiiMNs. : ; ! . DeinoL-i-iitg Will Ko Allowed to Kitt thu I'uee. WASHINGTON. Au& . 8. The republican sena tors hold a caucus till : ; afternoon In the of- llco of Senator Sherman and discussed the sltuallou from various points of view , The senators from the west mingled freely with thu gold men from the east and talked over financial affairs In an unimpM > sioucd manner. There was one thing upon which .sunators agreed , and lhat wus tiiat thu Sliurmau law was not aloiin responsible for the lack of confidence existing iu the minds of the pee ple. Ono senator tntido a sp > eih ; In which ho took the ground that ihu fear of Inter ference by the democrats with the tariff had done more than anything idsu to sow thu sends of distrust througli-j.U thu land , a sentiment verified by ot tiers present. No fixed policy was determined upon. It was agreed that the democrats must assume the responsibility for all that was elono , but at the same time the rupuDliCHUs would be gtniled by patriotic impulses and do what they thought was proper lo help the e-ountry in remedying evils that were believed to oxlsl. It-Is believed another caucus will beheld held ut no distant date. MAY inio.Mi : : I..AWH. .Sumo of the HIIU that llavo llcoa Jijtio. iliiccd In the Hcmit * ' * WASIIINUTON , Aug. 8. Senator Vest today Introduced u bill to fix tlie number of grains of gold aad silver in thu gold and silver coins of tliu United States ( the silver dollar to contain 404 4-10 grains of pure silver , or u 6UJ grains of standard Hllvcr ) . Mr. Vest offered a joint resolution , setting forth that thu American people , from tradt lion and interest , favor bimetallism ; that it Is thu established policy ( ' tlio United Status to maintain tlio parity between gold and silver , and Vhut it is thu duty of con gress to speedily enact such laws as will ef fect and maintain those objects. Other bills weru introduced in the senate as follows : Kopealiug all acts and pans of acts dls criminating In tuxalion aguiust the circula tioa of notes of state banks and state bank- 1m ; associations. Providing for an income tax of 40 cents or ouch ? 10J owned by persons or corporations in excess of * r ,00) . Henator Carey Introduced a bill for the ad > I uiliilou of Now Mexico us a stato. THEY DO NOT LIKE THE PLAN Bimetallists not AH Pleased With the Mes sage of the President , CLAIM THAT HE-HAS ACHIEVED NOTHING Dolpcntlnn I" ( 'oinjrrin Criti cise tliii Attltmln of .Mr. Cleveland lliturvlowritli the Momliori News for tlia Army. WASIUSOTOX Uruiuu OF TUB HER , ) 51U lAifiiTUR ; TII STHBBF , > WASIIINUTON. AH ? . S. ) President Cleveland's message today mot tlio expectations of and pleased only the democrats who favor ttio uncondi tional repeal of silver purchasing net. It was n sere disappointment to nil who hollovo in blmi'talllsm the use of both gold anrt silver as inonoy. It only emphasized the fact that Hi-over Cleveland Is In favor of n gold standard and would m\lco : ino-ioy so searco as to redueo values and precipitate guucra ) llnatictal ruin. The pressure which Is being brought upon men In both brunches of congress for the repeal of the silver law by constituents who nre in financial distress , In the blind and desperate hope that such legislation may do n llttlo temporary irood , is swaying1 oven some of the most pronounced silver senators and the outlook for repeal Is somewhat moro promising. Tin : lint : correspondent this evening asked Senator Mandorson what hu thought of President Cl'jvc-land's mcssago and ho said : "It is to ho commented upon more for what it docs not s.iy than what it says. I xupposo It Is good argument in favor of silver and gold parting company , from his standpoint , but It otVors nothing to talco thu place of our vast volume of silver currency. Ho dcclaros openly and boldly for a gold standard. I am lu favor of the repeal of the Shornmu act , . but. not without some other recognition of silver for use us money. "Wo are not yet ready to go to n gold basis. To do so would mean such a contrac tion of the currency and depreciation of values as would palo our present hard times. It would mean bankruptcy , 1 urn afraid , to very many. " Srnntor Alton' * Opinion. Senator Allrm said of the message : "I don't lllco it ut. all. It is not my stylo. The message favors a contraction of the currency , and If its reconniiuiidatious were carried into effect it would depreciate values and tiring upon us more distress Hun wo sulT r. Of course 1 favor the repeal of the Sherman silver act ; it was a compromise and does not meet my views , but President Cleveland offers nothing in its place. Ho would stop the use of silver as money anil place us upon a gold basis. Von may say that I wunt u broader use of silver as inonoy , and not the disuse , as President Cleveland would have it Tlio message is a good literary produc tion , but as a panacea for our ills it is a fail ure. " Mirror nn Illii Sit nut ion. Representative .Mercer said : "Iain very much disappointed in the president's mes sage. Kor weeks the American people have been looking forward to this address In the hope that some remedy would bo suggested in it for the benefit of the masses , but they will bo disappointed. The principal part of the mcss.itro refers to niattqrs of common knowledge to ovci-y school boy in America , to-wit : That trade Is depressed , inonoy close , banks failing , conlidenco gone and fright everywhere. The few statistics given have been standing headlines in the American press for weeks. Thu people have no desire to have this unfortunate condition hung llko a picture before their view any longer. The discaso lias been known soinn time ; the remedy Is sorely needed. "Ho closes his message with a bound by suggesting a repeal of the purchasing clause of the so-called Sherman law. without giv ing any deliuito reason therefor , and without even the assurance that such legislation , will improve other than add to the present condition llnaticially as to a relief from the burdens wo now carry. Not a suggestion does ho offer. If ho has any solution for the problem ho has not tri von it to thu public. It strikes mo llu.t thu president of the United States is just as much in the dark about this question of ilmuico as any cllizeij in the union , anil has stated Just as little as possible in his address , and rejoices that ho so easily places the responsibility of solv ing the problem upon congress.1 Hiliuir TnlUri on Uio .Mcsmi e. Representative Hainer s-iid : "Tho mes sage adds but llttlo to the stock of informa tion on the llnaii'-ial question and affords absolutely no simcestion of an alllrmatlvo policy. It is negative only in recommending : the repeal of the purchase clause of the act of IS'.HI ' , but proposes nothing in its stead. Shall wo in future use silver with gold as money with ultimate redemption , a ml if so , on what terms I ' These are the real questions upon which the country desires information nnd fair , reasonable action. On these the message Is as silent as the grave ami Its silence must be disappointing. It Js also signiltuant that tlin president attributes the present depres sion in part only to the operation of the act of 1SUO. thus , by inference at least , admit ting the evident ( act that the real apprehension - sion on the part of the people relates not so much to the qualitv of our money as it docs to thu future tariff policy of the country. On this policy more than on any other depends - ponds the prospnrlty of every proilue-tivo in terest. Had thu president assured thu country that the present administration would not disturb the Amcric'in ' policy ot protection to homo industries hu would have done much to allay the widespread apuro- henslou and distrust which is the occasion for this extra session. " Congressman Mciklojohn s'tld that lha message of tlie president was au unqualified declaration fur monometallism , i.'uiiLlmiliiK he said : "I ilo not bolieivo that tlio nation will endorse the universal abiuJonment of thu white metal as a basis of odr national currency and favor the universal dominion uf gold. Tin ) republican platform declared for gold ami silver under such legislation as would keep the two metals on a parity. I am in favor of such laws as shall pruvldo for the use of both metals for our currency and insure the parallelism of their money value. " IHIU of ( .oral InUiront. In the flood of hills Introduced while the senate was in session today were no meas ures of Importance to llii : : leaders , locally speaking. The bills presented by senators from Nebraska and adjoining slates were those which were pending when congress adjourned last March. Senator Carey of Wyoming Introduced again a lot of bills for his stale which wen < lu euininitlccs or upon the iuondnr ! when iho neualu adjourned last March , amontr thorn being his bill providing a federal building at Cheyenne. Senator Potltgrow roinlroilucod the bills which ha presented for South Dakota Intorosls In the last congress and which were not anted upon. Among them was Ills bill to pay damages to thu Bottlers upon ihn Crow i.'reen and Wliiuobago Indian reservation * who worn ousted by presidential proclama tion in 1835. Now * for the Army. The following urmy orders wuro issued today : The extension of leave on account of tick , ness granted Captain Markborough C. Wyoth. assistant surgeon , is still further extended Iwo months on account of sickness. Leave for two months U granted Caplaia Hurry L. HasUell , Twelfth infanlry Luavo for Iwo months , to take iiffeel Oo. tober 1 , is granlod Second Lltmtonant Al. bert I ) . Mskern , Twontluih infantry. 1/uuvo for two months , to tuko effect Sen * tr.mtwr 1 , is granlod First Lloutonanl Will Ham M. Swaino , Twenty-second infanlry. The extension of leave on xurRoou's cer. tltlcaloof disability granted First Llouien < unl Juinos 12 , Uunclu , First artillery , U tU |