The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-12-31
WHITE RACE BOUND TO RULE.
Hale Tells Hoar to Get His Pet Meas
ure Out of the Way.
Bill, as in the Interest of Spectators
and National Banks-The House Ad-
journs Until Friday.

proceedings could and the bill still live There
has never been so much or so outspoken oppo-
sition TO the measure came out in the debate
this afternoon. Senator Hoar, who has charge
OF 1t, is much alarmed lest it be defeated, how
ever soon the vote be taken. The Republican
majority is fourteen, counting the two senators
from Idaho. Five Republicans are now counted
surely against 1t, namely: Wolcott, Teller,
Stewart, Washburn and Paddock. 1t is doubt
iul II Mr. Shoup will vote for it, though he has
not declared himself. Plumb, Davis and posi-
bly, Manderson would be willing to vote to side
track 1t indefinitely, and some other Western
Republicans are very lukewarm toward it.
With SO many senators opposed at the start,
and with the anxiety of the silver men to get to
consideration of the silver bill, the outlook is
not very attering for the elections bill. II it is
passed 1t will be by the vote OF senators who be-
Ileve that the only excuse for doing so is that
the party is so strongly committed to it that to
leave It they believe would be lying down be-
fore Democratic minority.
Young Senator Woleott's speech today was a
remarkable effort of twenty minutes duration,
Ia which there was not one Idle or unneces> airy
word. Something in the nature of bomb was
looked for on both sides of the house, but such a
terrific explosion was unexpected, and the Ghock
must have reached Senators Hoar and Edmunds,
who took refuge in the eloakroom as soon as the
trend OF Mr.. Wolcotts words became apparent
1t was double-edged sword the senator
welded, for be slashed both sides numerically,
criticlsing his own party, and saying the most
bitter things the Southern members had heard
for many months.
If the speech could be interpreted to mean
anything, il meant that the Republican party
was pursuing the wrong policy in pressing the
elections bill to the detriment OF financial aud
other measures, and 1t plainly served notice
that the silver men were tired OF the debate
that had been going on SO long, and would bring
up legislation that would be Of practical beniit
TO the country.
As the days go by without action the silver
men grow more impatient, until now many of
them are firmly convinced that what they term
the dnplieity of the single standard men cannot
be permitted to go ON any longer. They cannot
see how they can accomplish anything this
session unless they go to bed with their spurs
on, and prod their adversaries in their own
party out into the cold. Speedy use of the
eloftre rule gives them no vantage ground, they
say, as they are unprotected by promises of any
kind hom Sherman, Hoar and their friends
They see nothing for it but to fight, so that any
day this week may witness an attempt to bring
the elections bill to vote, failing in that to
shelyc it and rush through a free coinage
measure
Senator wolcott's reference to the Chinese is
OF peculiar interest to the Pacific coast. He
spoke OF senator Eustis question put to Senator
Doiph with relation to what the people of Ore
gon would do ia case the Chinese voters out
numbered the whites in that state, and charac-
terized MIR. Dolphs answer as very evasive He
could not speak for Oregon, he said but he was
fully prepared to speak the sentiment of the peo-
pie of Colorado, where the Republican majority
in proportion to population was larger than
either the states of Nebraska or Kansas in their
lucid years. If by any chance, he said, the Chi
nese vote should eutnumber the whites, means
fa.a
what those means and methods would be he was
not prepared to state, TO keep the white race in
control of affairs
Ii was such outspoken remarks as these that
surprised the Republicans edited the Demo
Gratis and threw the galleries into great commo-
ton. In the course of his speech he said that
two years hence, when the beneficent results of
the wise tariff law became apparent, he hoped to
see both houses OF congress in the hands OF the
Republicans. He paid a high tribute to the sa-
gacity displayed in the Mckinley bill, and Mr..
Mckinley, who sat within ten feet of the speaker
noting every word, afterward disappeared into
cloakroom with rather pleased expression of
face. At the conclusion of the speech, Senator
Stewart was the first OF many to congratulate
Coorados junior senator, while the galleries
applauded with hand aud tongues.
BY unanimous consent today, Senator Stewart
was enabled 10 talk on silver during the tune
usually occupied by the elections bill He made
sound and logical speech, and like his prede-
cessor on the floor, Mr.. Wolcott, was closely lis
tened to. Whether or not this introduction of
financial matters out OF the usual order was the
entering wedge for more aggressive action on the
part oil the silver men. remains TO be seen.
Stewart declared that the bill of the finance
committee was designed only TO aid spectators
III New York, who held 100000 ounces of
silver bullion, and to give bounty to National
banks by the issue of SOC, 100000 of per cent.
bonds as the basis of their circulation. The
small banks not having more than $4,000 NAV
be rendered insecure by withdrawing ali their
bonds above 81 600 All National banks NAV
issue uuder this bill circulating notes equal to
the par value of the bonds deposited instead of
80 per cent, as now provided This is the sub
stance OF the bill, and these provisions are in
tended only for the benefit OF gamblers in silver
bullion and National bank corporations.
There is no free silver coinage in the bill. IL
is an open premium Tor the gold men, IL gives
all the bounty on national bank circulation.
upon their gracious permission, to the govern
ment for the privilege of issuing two hundred or
more millions OF paper money. All the expert
enee of the world since 1873 has been that its
business is out of all proportion to the quantity
OF gold available as money. Ii has proven the
falsity OF the declaration that representatives of
private credit, as bills of exchange, clearing
house certificates, ETC., would come into rein
forcement of the stock OF gold. The effect is
that even the gold usurers are finding that there
is not enough of that metal to pay the debts, so
called, due them
The gold holders are boarding in anticipation
OF a collapse. They are the wreekers of the
world. They see in universal bankrlIptcv n
means OF enriching themselves They threaten
this government with the declaration that If il
rem0netizes silver they will hoard all the gold
in circulation and ruin the country. They are
the only advocates of contraction. These who
favor free coinage are the :only true conserya
tiveS. The gold pirates are willing to initiate pa-
per, II thereby they can make profit. The bi-
mettalist will prevent imitation, stop contraction
and make the expanding of the circulation Sc
cure.
The national bRus system was but Temporary
make-shiit. No one thought of it as perma-
ncnt means OF supplying the people with
money. The retirement OF the public debt must
retire their circulation. The banks were salts
I'D then with this bribe to their patriotism
They now want another one.
tnder the bill of the finance committee a na.
tonai bank can borrow Tor one day sl0o.a0o prr-
chase the same amount OF the proposes bonds,
deposit them il the treasury and receive back
SltN,olo III pars where nh 10 pay the loan
Iais paper would be put in circulation. the
bank getting the benefit OF the credit il gainei
aud IN addition a steady income OF sz.n0o and
without having invested dollar OF its own
money
There is no attempt TO fix limit 10 the amount
of paper to he issued under the proposed bin.
The silver men propose q sound currency. one
that has been available for thousands OF years.
When the mines are productive. the volume OF