The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-01-31


the Senate today was unusually event
full in giving expression to the intense
feeling which has been aroused BY the
financial question, and to the apparent
Ihopelessness of relieving the situation.
Mr.. Sherman, of Ohio, spoke fop the
first time since the new phases Of the
situation were presented.
Mr.. Vest lent a personal interest to
the debate by declaring that the
president was seeking TO make Con-
Sress an accessory to the Welding Of
the single gold standard on the people.
The senator asserted, with dramatic
emphasis, that he had thus far held
his peace, but that there must now be
a separating of the ways between him
and the president.
The Senate spent the rest of the day
in executive session on the Japanese
treaty, which was ratified
~ very animated consideration of the
financial question took place in the
today.
Mr. Cullom Republican, Of Illinois,
presented dispatch from ali the lead
ing banks of Chicago, urging that the
presidents recommendations be car
iried out at the earliest day possible.
Mr.. Vest CDemocra0 of Missouri. fol-
lowed with a similar dispatch from the
st. Louis chamber OF commerce. This
was the text for one of the most stir
ring scenes that the Senate has heard
in many days.
Represented Nobody.
Mr.. Vest said that the chamber Of
commerce of st. Louis did not repre-
sent the feeling Of the people Of Mis-
souri, or of the country on the financial
question He did not believe the peo-
pie favored a retirement of $500. 900 600
| OF greenbacIs and treasury notes and
the substitution of no currency at all
He did not believe they favored gold
| obligations running fifty years with in
terest aggTegating $75. 900 600 at the end
| Of that time. 1t was a selfish sugges-
| ton that posterity should be left to
| pay this bad debt. The obligations Of
ithis Senate were as binding toward
| pOSterity as toward the present gener-
lation. 1t was as much the duty of the
Senate to protect the future as to adopt
| the suggestion of the president to look
| after the present and let the future
! look out for itself.
| Mr.. Vest was by this. time putting
! such energy and dramatic force in his
words that he was given eager atten-
| ton from the senators and from
crowded galleries.
| THE president has declared war on
silver" proceeded Mr.. Vest. de would
make US accessories to this effort TO
| fix the gold standard upon us"
| 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 be-
| ing conveyed to the public that the
country was on the brink OF ruin II
! the president had the power he would
force US ITO the single gold standard.
| But" said Mr.. Vest impressively,
and raising his right hand in emphasis,
| so far as am concerned [ will never
vote To issue bonds TO secure gold and
place us on a single standard"
| Mr.. CullOm rose at this point with a
question as to what the finance COM
mittee of which Mr.. Vest is a mem
iber, intended doing toward securing
some definite policy.
No Agreement Possible.
7 NJ. Vest paused for moment befor5
replying. and then said:
! 1T might be more proper to let the
chairman of the finance committee an
sWer that question. but in his absence
| I will say that I do not believe there
~ duy yOSSIUIIIly VI tuG IIHdNCG COIu-
mittee agreeing on any measure to re-
port to the Senate"
The announcement-the first that had
lbeen openly made as TO the situation
lin the finance cOmmittee-Was received
with marked attention and evident sur
prise.
Mr. Vest proceeded to say that the
| talk about lack Of revenue as suggested
by Mr.. Cuilom was waste of words.
| He had talked with the secretary OF
the treasury only the day before and
had been assured that the revenues
were ample.
Mr. CuIom-So the secretary Of the
Treasury is ready to assure uS he has
Ian the revenue he wants?
Mr.. Vest-Yes. it is increasing from
day to day to such an extent that there
promises TO be a large surplus.
Mr.. Cullonl-Do you state this, or is
lit a statement of the secretary OF the
Treasury?
Mr.. Vest-I make the statement on
Idirect information from the secretary
of the treasury
Against II Gold Standard.
Resuming his speech Mr.. Vest said
he was against the gold standard. L;
Twas a bondage Of oppression.
And am 1 TO he made accessory IL
the perpetuation of this gold system? ''
asked the senator.
TT is not pleasant" he continued. etc
differ with the head of my party.
lhave remained silent for many months
lin order not to add to the discord
within our great party. But we have
Preached the parting of the ways. viii
lgo no further"
Mr.. Vest closed with the emphatic