The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-01-11
GOV. YATES HARANGUE.
THE COLORADO SENATE DECLINES TO
PRINT THE DOCUMENT.


His ESeersnoy Calls Pubiio Mes and Can't.
tsIists WHO Oppose Hiu, go Corrupt SD
Venni Crew "-iIis Project for Declaring
Foreteu Coins a Legal Tender In Colorado
The General Assembly VIII Probnsiy
Adjourn without Doing Anything st All
DENVER, Jan. 1o-The extra session OF the
ninth General Assembly Of Colorado organized
Mt noon to-day with the tame officers as at
tho regular session. Joint session was
promptly called, and the Governor occupied
two hours in reading his message outlining his
reasons for some OF the propositions made in
his call Following the reading the Senate, By
vote of2l to II. declined to print the message
and placed the matter in the hands OF nine
members to report at 80 o'clock to- m orrow
The complexion Of this committee Indicates
that the report will declare for an immediate
adjournment without further action. and this
report will probably bo adopted.
The Governor began his message By saying:
Amid storm Of invectives and abuse. such
ne no previous Governor OF the State ever en-
countered and which insisted that the present
Executive should violate his oath OF Office and
surrender his conscience and duty into the
hands OF a money ed aristocracy. the proclama-
tlon under which you are assem- bled has been
issued"
The message considers but few OF the prop
ositions named in the call. Regarding the re-
peal OF the trust deed and attachment laws
tho Governor says: Tho bankers OF this State
tho corrupt politicians and venal newspapers.
who. pretending to he opposed to these
induitous laws. have really been in
their favor. by every means in their
power have prevented their repeal It
is the very same corrupt and venal crew
Who admitting that many OF the recommended.
tons OF the proclamation arc wise and needed
b. the state. advise that this General Assem-
bly, shall adjourn without legislation, thus
leaving tho people Of the State at the mercy OF
the most heartless and conscionceless money
power on the earth or elsewhere"
An argument follows against tho law per-
hitting tho issue OF state and municipal bonds
in which GOV. Waite declares that the m en- who
have been prominent in tho bonding leCisla-
VIII anu az NV mn4 SS% conn., legislation
place: with benedict Arnold and Judas Is
Instead OF bonds he urges the issue Of GER
tincates Of indebtedness. lie ASKS for legisIa-
ton to prevent trusts and combines from
to amend the eeetiOn and oT qesistrst e laws
and to provide for better system OF state
silver question follows, leading up to his de-
fence OF his legal tender plan, which Is to ale
low coins ofany country carrying 37l a grains
OF silver to pass current for dollar In this
state; On this subject he says:
Ihe Tree coinage OF gold and silver was de-
signed and expected to be continuous, and
Congress had no right to dem onetize either
gold or silver or to close its mints to the free
coinage OF either metal Upon a proper case
made In the United States court we are bound
10 presume that the court would 40 decide.
Another clause absolutely prohibits state
from coining money This clause has pre-
vented mo from recommend Inc anything like
flneness. The right OF state to declare foreign
coin legal tender Is unquestioued."
On the policy OF such course the Governor
submits many arguments.
such n policy would in my judgment for
:! business purposes except ban sing put the
Mexican dol lar at so cents and give us plenty
~ money. Ninety cents on tho dollar for Mex
lean coins means about SLY for silver bullion |
per ounce. Practically our silver mines are |
closed. At 40 cents per ounce for silver bull |
lion there 10 no profit In mining. and in most |
cases, absolute loss.
And yet tho bankers and money lenders OF |
this State are moving heaven and earth al ost |
TO prevent In Colorado the precise effect which |
must inevitably follow tho free coinage OF !
silver. How earnestly they pray to Cleveland |
and the maCnates OF Wall street. the only god |
Of silver!
They are like the Pharisee who prayed loud
u the corner OF the streets to be heard Of men.
hat solemn reycrential tones. Yes. the |
;oice Is the voice OF Jacob. but the hands are |
he hands of ESau.
- We stand upon the brink OF an Industrial
slavery, an era OF falling prices which has re- |
luced in Colorado the value OF commodities |
ma real estate to, in many cases, less than |
'ne-third the value one year ago"