St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-31
AGAINST A GOLD STANDARD.
He Says No Bond Bill Will Be
Approved by Finance
Committee.
REILLY FUNDING
Given Right OF Way in the
House--Opposition
Strong.

WASHINGTON. Jan. 30.-The session
of the senate today was unusually
eventful in giving expression OF the
intense feeling which has been aroused
by the financial question and to the ap-
parent hopelessne5s of relieving the
situation. Mr.. Sherman, of Ohio. spoke
for the first time since the new phases
of the financial situation were present
ed.
Mr.. Vest lent personal interest to
the debate by declaring that the presl-
dent was seeking to make congress ac-
cessory to the welding Of the simple
gold standard on the people. The SEN
ator asserted with dramatic emphasis
that he had thus far held his peace, but
that there must now be separating Of
the ways between him and the preSj-
dent. The senate spent the rest Of the
day in executive session Oh the Japan
csc treaty, which was ratified.
MIR. Vest made dispatch from the St.
Louis chamber Of commerce the text
for one of the most stirring scenes that
the senate has heard in many days. Mr..
Vest said that the chamber or commerce
of st. Louis did not represent the feel
ing of the people of Missouri or of the
country Oil the finance question. He
did not believe the people favored a
retirement of 5000, 600 OF greenbacks
and treasury notes and the substitution
of no currency at all. He did not be-
lieye they favored gold obligations run
ming fifty years with interest aggregat-
ing SO, 000, 600 at the end of that time
1t was selfish suggestion that p0sterity
should be left to pay this bad debt. The
Obligations OF this senate were as
binding toward posterity as toward
the present generation. 1t was
as much the duty OF the senate to
protect the future as to adopt the sug-
gestion of the president to look after
the present, and let the future look
after itself. Mr.. V est was by this time
putting such energy and dramatic force
in his words that he was given eager at
tention from the senators and from the
crowded galleries. The president has
Declared War on SiIver,''
proceeded Mr.. Vest. ''He would make
us accessories to this effort to fix the
gold standard upon u.s."
The senator asked If any man really
believed the supposed emergency could
not be met by treasury payments in sill.
yer. And yet the impression was being
conveyed to the public that the country
was on the brink Of ruin. Ii the presi-
dent had the power he would force US
to the single gold standard.
But" said Mr.. Vest impressively
and raising his right baud i'll emphasis
80 far as | am concerned, l will never
vote to Issue bonds to secure gold and
place us on single gold standard"
Mr.. Culiom rose at this point with a
question as to what the finance commit
tee, of which MIR. Vest is member, in
tended doing towards securing some
definite policy. Mr.. Vest paused for a
moment before replying, then said: 1T
might be more proper to leE the chair
man OF the committee answer that queS-
ton. But, in his absence. L will say
that do not believe that there is the
slightest possibility OF the finance COM
mittee agreeing upon any measure to
report TO the senate.
The announcement, the first that had
openly been made as to the situation in
the finance committee, was received
with marked attention ami evident sur
prise. Mr.. Vest proceeded TO say that
the talk about lack of revenue. as sug-
gested by Mr.. Cullom. was waste of
words. He had talked with the seere-
tary of the treasury only the day before
yesterday and had been assured that the
revenues for the meeting of expenses
were ample.
standard. 1t was a badge of oppression.
And am 10 be made accessory to the
perpetuation of this gold system?"
asked the senator. lit is not pleasant"
he continued, Ito differ with the head
of my party. l have remained silent
for many months in order not to add to
the discord within our great party. But