St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-26

tor and were attentive listeners to his
arguments. The New Yorker's famous
declaration 81 am Democrats" which
has now become prOverbial, was re-
called today by his forcible declaration
on the financial question when. as
usual. he epitomized his silver views in
single sentence. II am bin etalist,n
said he. IL do not believe in single
gold standard or single silver stand
ard, but | do believe in the use of both
gold and silver as the standard money
of the country and in their free coinage
in our midst at proper ratio and with
out discrimination in favor of one or
against the other"
The Senator
established consistency on the silver
question by showing that last Decem-
Der he introduced bill in the senate
for the unconditional repeal of the
Sherman act. and the president had fol-
lowed in his footsteps in demanding the
repeal of the obnoxious meaSure-a law
which Senator Hill declared to have
been the worst enemy OF the free silver
cause in retarding the onward march to
universal free coinage. There was
smile on the face of many senators
when the speaker, by implication,
criticised the president by referring to
the part that the high tariff had played
i'll the present crisis and concluding by
saying: "Our course is onward and we
shall not retreat"
The New Workers. arraignment of the
gold monometallists of the country
particularly Wall street-for the part
they had taken in precipitating the
present crisis by attacking the credit of
the country and inceSsently proclaim
ing disaster, until they had finally
started panic wave that now threat
ened to engulf its creators, was one
of the most forcible and incisive i'm
peachmentS ever heard on the floor of
the senate and furnished much satisfac-
ton to the free coinage men. But the
national banks received their consola-
ton in the later declaration that he
favored the proposition to allow the is
sue of national bank notes increased to
the full value of the United States
bonds OH deposit, as one of the means of
abaIiug
The Present Crisis.
The chief surprise of Senator HilfS
speech was the position he assumed in
minimizing the Importance of the re-
vision of the coinage ratio; and his sug-
gestlon that International bImetallism
might be sought by holding out an in
ducement TO the Latin uaiOn countries
to recoin at profit rather than at loss.
ho
free coinage people than even the most
sanguine had expected from his argu-
ment. There was dead stiffness in
the senate when the speaker referred to
the statements that President Cleye-
land was attempting to lead the coun-
try to monometallism, and made his
comment thereon. concluding with
this defiance to presidential dOmina-
ton: II shall refuse" said he, ito
follow in the footsteps of any admins
tration that seeks to place the Demo-
cratic parry in a false position, that
seeks to lead it away from Democratic
principles and platforms, and into the
very camp of the enemy; the president
must rely upon Republican votes 10
carry out any such suicidal policy.'
The felicitation of the Democratic op-
ponentS of the administration over this
utterance was hardly completed before
! the senator gave the president another
blow in his reference to the part that
| patronage is said to be playing in Sc
| curing the adoption of the administra-
ton policy. But as you we'll know"
said he, II was for the repeal OF this
4