The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-02-17
NO LOVE TAPS THESE
Teller and WOlCOtt Talk Right Ont in
Meeting.
HILL IN A SORRY PLIGHT
While Pretending to Be a Friend OF
Silver He Pleads for Gold Bonds
Red Hot Debate on silver
In the Senate.

sensationalism and denunciation of the
president for the recent bond sale, de-
, clared that he was informed by the presi-
dent of a New York bank that the bond
, syndicate could never be compelled 10
: pay more than 10 per cent. of its invest
. ment. The bonds it had purchased at
, IOi.5O we're already being taken at 112 IN
New York, and there was a great demand
, for bonds at that figure. The PRESIDENT
message to congress contained the lying
statement that he desired to maintain a
parity OF our currency, when he had al
ready negotiated contracts which dis
credited silver.
Hills resolution, which announces the
policy of the government on bimetallism
and on payment of gold obligation in the
best money available then came up.
Sherman offered a substitute, declaring
that the policy OF the government should
be toward maintaining the parity be-
tween the two metals, so that every dollar
coined would be equal to every other dol
lar. Should there be any disturbance in
parity, then the bonds could be paid in
standard gold coin. Wolcott moved to lay
the resolutions and the substitute on the
table.
Hill declared himself an earnest biz
metallist and hoped to see the restoration
of silver succeed. "This declaration of
the policy of the government should re-
ceive the support of every SENATOR" said
| he, unless there sits about this circle
| gold monometallists or silver monometal-
lists. 1t is a wise resolution for the pres
| ent emergency"
1T is of supreme moment" said Hill,
| that we should declare to the country
and to the world that it is necessary TO
maintain the single gold standard or the
single standard of silver" Mr.. Hill said
that on general financial questions con-
gress was further apart now than it was
six months ago. THE provision for gold
bonds on one hand was met by the propo-
sition for unlimited silver coinage on the
other hand. What had become of the
proposition to redeem the or eenbacks and
other financial plans?
"But in this condition of inaction," pro-
ceeded Mr. Hill, congress can at least
take this one step that will assure the
world that, although we may have our
hands tied on these various measures, our
bonds may be taken with the full assur-
ance that they will be paid by the best
money in USE" Mr.. Hill said there was a
prospect of further issue of bonds. "Let
us then keep down interest. What could
either party gain by inaction on this sub
ject, by bringing on a panic the coming
summer and bringing congress back to
Washington again for further legisla- |
ton ?"
Hill closed with an eloquent peroration |
in favor of maintaining the national |
honor. AT least We can saw" said he. |
that this congress is not committed to |
gold; we will proceed steadily toward the |
realization of bimetallisIn; that We will |
maintain our national honor and credit
by paying our debts in the best money in
USE"
Wolcott, who followed, declared that
Hill was merely threshing old straw. The
present time was, he declared, inappro-
pirate for such a resolution coming on the
very heels of the monstrous attack which
the president has made upon currency
and credit of the United States in this
bargain to sell our bonds abroad on such
terms as he has made with Europeau
bankers. This action he pronounced the
most disastrous assault upon the coun- :
try's financial system which had ever ,
been made, land the worst feature of the
whole wretched business" he said, with
growing earnestness, "ls that the attack
is made by a man who, because of his DO. ,
sition, should have stood foremost i'm our ,
defense. Our nest has been befouled by {
a man who should have stood foremost ;
for our credit. ,
If" he said, speaking directly to tho q
resolution and the desire expressed by IL :
TO uphold our national credit, there were /
ever any men who were not entitled to h
it is the Rothschilds and !
he president, because they have sought 4
o blacken our credit" !
lie asserted the resolution and speech (,
IF Hill were in the same direction as ali q
'ther efforts made to dIscrelit silver. and
hen launched out into "a defense of the h
iilver advocates, declaring they did not d
advocate this course because they wore a
lnpatrioilc or because of selfish purpose. II
'ut because they would relieve the suffer-
ne in the country, and they dill not be-
leve this was possible of Accomplishment 1
Until the government standard should be
established. There could he no pros-
erous times with wheat at 81 cents n n
ushel. Ae referred to the proceedings in in
he German reichstag of yesterday con- IA
erning silver as an indication that there Al
as 10 be change in the interest of b.
liver. N
I'VE are working toward it, he con- Ia
luded, but 1t any act could serve 10 m
aralyze progress in that direction II is M
nc dIsgraceiul and dishonorable dicker III
the president with the Rothschilds."
Lodge said the substantial and imDo-,
nj part of the resolution was the last :,
alt. declaring the right of the holder to
'ceive his pay in the best money. He be-
eyed the holder of government bond an
lonld be able TO ask for payment in the cir
est money, and in gold if that were best. ~
eyerting TO the contract, he said the Ia
-ofits allowed European bankers were NJ
enormous, gigantic" and characterized :,
e contract as the blacklist ever made by "a,
e administration in dealing with Ameri- So
m securities.
Stewart opposed Hills resolution as 70
rrender of silver and as binding gold y
tiers on the people. n
Hill was again on his feet as soon as a
ewart closed. AT least this debate has Or
cared the atmosphere said Hill. THE IA,
ne purpose Of these professed friends of Ia
yer have been laid bare. IL was that in,