The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-20
PRICE CENTS fAssAy ssSs sssR
he time desired by the opposition an agree

ana square question, answered MI f1a.S;
How can I tell In advance how long will
desire to discuss the bill or what time otn-
ers may require?'
.swin the Senator answer this question:"
said Mr.. Jones. '.Will any amount of talk
for moment change the result ..
I think the friends of the bill had better go
tactics "a NJ
Jones'
Mr.. Aldrich urged that bin Of this .as,,,at I'M,
Ssre oe woud PROBABLY Be
numerous amendments offered, requiring
explanation and discussion 1t SHOULD pe
recognized, also, that whatever the Senate
the coordinate branches of the government.
to consider what the executive branch of
the government would do A majority IN
the Senate desired to vote, As there a, ap-
Jones. ito agree on time for vote; l
win ask the Senate to remain III. In session
the efforts towards agreement on a time
for a vote and inaugurated what appeared
to be contest of endurance.
CUCKOO" Villas SPEAKS.
Mr.. Villas then addressed the Senate. He
spoke of the Presidents several messages
to Congress and his constant appeals. with
words solemn and almost pathetic in their
earnestness to deal with the financial
conditions But there had been absolute
impotency in Congress to meet the perils
of the country. Mr.. Villas then took up the
events leading to the recent bond contract.
He said action was necessary to avert the
calamity of gold suspension. Few have
KNOWN he said 'the imminence of the
action was taken to avert the disaster
de proceeded to show that the Withdrawals
became obvious to the treasury that a sys-
tematic run was being made on its gold
After reviewing the run. on the treasury
.fnrf to hn inn nf fha ont not For
the sale of bonds and the consequent inn
portation of gold from Europe, Mr. Villas
ury and showed how great crisis had been
averted. He said that the greater part OF
ceased was in bullion and unavailable for
redemption purposes, and stated that if the
run had continued the mint would have been
rapidity to meet the demand
IF the drain had not been checked by the
announcement of a contract" he said. 1--WE
should have been thrown to a silver basis
or to the SUSPENSION of specie payment :,
been doubtful whether he would be able to
hold on for another day. Few persons had
been aware of the peril, but there We're
foiowng % teegram to Secretary @ Gresham
from Mr.. Buchanan, the United States
Feb. 4. to show that the English bankers
understood the situation:
'The London and River Bank, the largest
in South America, under orders from Lon
don, to-day refused all classes of American
exchange. Are you acquainted with this
fact?,
Commenting on the telegram he asserted
that the condition of affairs which cropped
out in far off Argentina would have made
itself manifest in all the European fnan-
cial capitals.
BLAME LAID ON SENATORS.
Mr.. Villas then turned his attention to
the remedy available to meet this serious
condition. 1T is your fault he said .that
the treasury condition was so critical that
the delays incident to a popular loan would
have brought on a suspension of specie
payments In three days. The Judgment of
financial authorities would in time approve,
If, indeed, it had not already approved, the
action of the government in bringing
vast supply of gold from abroad
A sharp colloquy occurred between Mr..
nedS Aash and m MT vhas during the latsrs
could have been sold at 10 per cent. above
what they brought
cable as the Seeretary Of the Treasury
stood said Mr.. Villas "and had for days
solicited Ia all the great money centers of the
world for their terms on our bonds he
would not make such a statement"
Mr. Aldrieh said that if he had the re-
had to pay per cent. premium on bonds
ne would go out of business
$685. ht Is a singular SIM & fact" said Mr. Villas,
men are not the ones employed to discharge
the great transactions of the government"
L.
pense, in which he joined. Mr.. Villas pro-
ceeded: so imminent was the danger to
the treasury, that from the black thunder
CLOUD the lightning was almost ready to de-
scend Was the Secretary to delay for a
fraction of a cent? There are times in the
history of nations-in peace. as well as in
quick action. and he whose arm is palsied
or whose foot falters is not worthy of the
Mr.. Villas then took up the personal
charges that had been made against the
formerly law partner of President Cleve-
land, was witness to this bond contract
Mr.: Villas said Mr.. stetson was the legal
adviser of the Morgan banking house, and
as such had passed the contract and
signed it as a witness. The Senator said
1t was lamentable that such ISLANDERS should
be brought into debate dealing with great
names Mr.. Villas also repelled the state
ment of MI Lodge that the bond contract
history. AT most it was matter of unwis-
dom. and in no sense was it black.
oiuuon had been adopted by Congress re-
citing that the coin obligations of the gov
erpment would be redeemed in either silver
or or gold, at the. option of the government
This, Mr.. Squire said, showed that it would
be no breach of honor faith to pay our
Mr.. Villas closed at sis D. m. with a
prlliiant peroration for sustaining national
four hours.
SENATE CHAMBER ALMOST EMPTY.
Mr.. Platt said the pending silver bill was
the most indefensible measure of the kind
ever introduced here. 1t sought to double
the value of silver by delivering it to the
Treasury Department. At O'Clock Mr.
Platt was still speaking and there was no
indication then of adjournment or a.
break in the silver or anti-silver ranks
The galleries were nearly empty The
floor of the Senate was strewn with papers
and presented most disorderly appear
ance Senators lounged about although a
number had gone home, leaving word as
to how they could be hastily summoned
The burden OF keeping their full force
present fell on the silver men, as the on
position would have broken a quorum or Sc
cured an adjournment if the silver majority
was allowed to fall off The opposition
was able to divide its forces. retaining only
those few necessary to carry forward the
opposition of continuous debate
Shortly after 4 o'clock Mr. Aldrich moved
to adjourn, but did not press it to a vote
pending the absence of Mr.. Jones, in charge
of the bill. At $40, Mr.. Aldrich pressed
his motion for adjournment. Mr. Jones
called for the yeas and nays, with apparent
confidence of having the votes to defeat
the adjournment There was hurrying of
Senators from committee rooms and restal-
rant. The motion was defeated-yeas Is.
nays, 32-two more than the necessary
quorum.
In view of that vote said Mr. Frye,