The record-union., 1895-01-31
parting of the ways. I will go no

parting of the ways. I will go no
further"
Vest closed with the emphatic declara-
ton that party fealty could never lead
him to aid in fastening the gold standard
on the country. If the st. Louis Cham
ber OF Commerce wanted some one to
help toward that end they would have to
find some one else than he.
Wolcott said this was just such another
plan as that adopted more than year
and half ago to force the repeal of the
silver purchasing Act At that time the
banks began their campaigns with tele-
grams 10 Senators. followed by instruc-
tions to all the business men who had
loans from them that unless the silver
law was repealed the loans would not be
renewed. Now, as reports of prosperity
to follow Congressional action were being
circulated with view TO influence the
Senate and force the gold standard more
thoroughly upon the people, if the East
ern banks with their dishonest methods
seek to control the legislation of the coun-
try, they must precede the effort by the
adoption Of more honorable ways than
those that now mark their programme OF
coercion.
When Senator Sherman rose to give his
views on the financial situation-the first
be has expressed in the Senate for some
tlme-there was buzz of expectation and
iASSA S'oN' iOilOlilluLl StSppcu 1OI " dIu duu
seemed to address himself particularly to
the Democratic side, emphasizing his re-
marks with frequent gestures. "N have
reached the point" said he, "where we
are being told that no relief can be given
to the country until we have conceded
the free coinage OF silver"
tie believed such an absolute conces-
sion would be greater disaster to the
country than any other course that could
| be adopted. And yet the Senate was be-
ing brought face to face with the alUerna-
tive OF taking free silver or nothing. If
there was to be choice between the two
coin standards, then the Senator believed
in taking the one which was recognized
the world over as the best. He did not
believe such a choice was imperative. He
still believed both metals could be used.
but l am bound to say, said Sher-
man, that the Finance Committee is ut
terry helpless. We are equally divided.
| We can reach no agreement. We are not
able to report unless the concession is
| made to free silver"
The people had plenty of money. They
had now 81, 100000, 900 in small savings in
the savings banks. Give the plain peo-
pie, the laboring people, a chance to meet
this so-called urgency, and they would
! supply the deficiency in two days. He
| begged the Senate to unlock the doors OF
the Finance Committee and endeavor to
agree upon a measure of relief.
| Stewart declared that no real emergenc cy
was existing, and that all the trouble
! that had arisen was due to the Admins
| tration discriminating in favor of gold
| against silver.
| Hill said the first duty of the Senate
was to ascertain what was wanted by the
Administration. With that purpose in
view, and in order that Congress could
| stand fairly before the country, and the
! Administration could deal fairly with
! Congress and Congress with it, he intro
| duced a resolution directing the Secretary
| OF the Treasury to inform the Senate
! whether it is necessary or desirable that
| legislation should be had authorizing the
! issue Of bonds, treasury notes or other
| securities TO raise money for the purpose
of paying current deficiencies in the rev.
enue and. il SO, the nature and substan-
tlal details of such legislation.
Hill desired the resolution to be con-
! sidered Immediately, but Allen (Pop.) OF
Nebraska objected, and the resolution
| went over until tomorrow.
This ended the discussion for the time.
and the Senate began the consideration OF
routine business, and at = o'clock went
into executive session. lasting until 4
o'clock, when the Senate adjourned.