The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-07-10

preference for the single gold standard.
The secretary OF the treasury would so In
terpret IL until the parity betweenthe met
ais and established gold would he given
would be redeemed In gold. Teller con-
troverted this assertion. Jones OF Arkan-
sas read an extract from an article In yes
terday's New York Erening Post, a paper
opposed, he said, to silver legislation in
all its forms, To the effect that the confer
embraced i'm either house bill or senate
bill and tending 10 make II n better meas
ure than either. II also stated that the
purpose OF the silver men had been foiled.
Cockrell continued: THAT is precisely
what have said. That article Is from
est and IL is warning to the senator
from Nevada tJones) that he has aban-
doned the cause of the equalization Of
silver with gold. Under this conference
report the secretary of the treasury can
drive the country 10 part with every dol
lar of gold and can lock up in the vaults
of the treasury every silver dollar. That
Is the most dangerous power given the
secretary OF the treasury since the foun-
dntion OF our government"
Plat: "Does the senator mean 10 say
he would not give the secretary Of the
treasury discretion as 10 which coin he
would pay in?"
Cockreil: II certainly would give him
that discretion. ] would say, 'redeemable
in coin.'"
Plat: "That is all that there is to say"
Cockrell: THAT is true; but there is
with il n declaration which is fatal
thing, and that is that the gold standard
still exists and must he maintained"
Taking up the third section of the con-
ference bill, Cockrell entered most
earnest and solemn protest against il as
meaning the practical cessation Of silver
coinage after July, 1881:
Jones of Nevada said that is all We
want"
Cockrell: "In other words the senator
from Nevada is willing to abandon the
double standard TO make silver a
mere commodity, To stop its
coinage and to tell the people of the coun-
try he has done something for them i'm
conference bill is a total abandonment of
all pretensions to double standard"
Mitchell, in the course of some ques-
tions involving Cockrell's consistency, re-
marked that while he was in favor Of the
free and unlimited coinage of silver he
would support the conference bill because
il was all that the friends of silver could
get.
Cockrell-"I believe il the senate will
reject this report, the house will in the
end agree to the senate bill. We have
made no determined effort 10 support the
show no disposition to stand by what we
have solemnly done. and we give truth
fulness to the assertion of the monomet.
allists of the East that the bill was only
project to furnish "A market for silver bull
lion.
Daniel addressed the senate in opposi-
ton to the bill. The silver question, he
said. was great deal bigger than the
president of the United States, whether
the presidents name was Benjamin Har-
rison or Grover Cleveland. Daniel ar
gued that under the conference bill S70.-
100000 worth of silver bullion would be
piled up in the treasury every year for all
the years that the silver stream would he
flowing, and not a dollar of il could he
| coined To pay the bonded obligations of
the United States, which were payable in
coin. such enormous discrimination
| against silver as that never existed in the
legislative report when silver was COM
pletely demonetized. He admitted that il
would be better that the conference bill
should become law than that the bill on
the subject should become law. But IL
was n mere makeshift. Sooner or later,
Daniel said, congress and the executive
had got To come into collision on
the silver question. Why not
let the collision come now ?
III the friends of silver stood up to the
| fight they could win il and il they ran
away they would lose il. III they believed
| in free coinage of silver, as he did, they
| should stand by the senate bill and let the
president of the United States take care
of himself.
Morgan took the floor but saw he could
not finish his remarks to-day aud an in
| formal understanding was lad that the
vote would be taken tomorrow and the
L So. 81.