The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-02-17
IN THE SENATE.


Republican Senators Condemn tho Cone
tract With the RothsohiIsf-.
Washington City. Feb. i6.--in the senate
Alaen of Nebsasiz. presented a resolution.
which was agreed 20. calling ON the sec.
retary of the treasury for q Inst or na-
tfonai banks which had been deposatories
of public fzsfas ssarsu& tne last ten YEARS.
interest. terms OF the contract, etc.
Hills resolution which announces the
policy OF the government ON banetaiiisTn
and on the payment OF gold obligations In
the bes. money available. then came up.
Sherman offered a substitute declaring
that the policy OF the government shotist
be toward maintaining a parity betwetn
the two metals. 50 that every dollar cosas-
ed would be equal to every other dollar.
Should there be any disturbance In TIA
parity. then bonds shall be paad ln sta4a-
dard gold coin.
wclcott moved TO lay the resolution and
substitute on the table.
HUI declared himself an earnest bifnef-
aiIist. and hoped 10 see the restoration of
silver succeed. He was rejoice9 TO read
the Associated Press dispatch just recely-
ed from Berlin. announcing aSht action
had been taken looking toward the re-
habiiltataon of silver This declaration
Of the policy OF the government should
receive ths support of every senator .
said he. ''unfess there sits about this
circle n gold monomehlliist or q SILVER
rnnnometallis4. II Is a wise resolution for
the present emergency Iiiii said that
II the declaration first announced Is tho
trlle policy Of the government. our efforts
should be turned TO the accomplishment
OF btmetalEsm. 'I need not renlsna botaA
political parties that this is what they
profess" "ft n OF supreme rnonsen5." said
TIsil, that we should declare 10 sho
country ani 20 the world that II - not
necessary to maintain the snzia gold
Standard or the single standard OF silver
iIill said that on general financial qu.s-
tions congress- was farther apart now
than Il was six months ago. The pro-
vision for gold honsis on one hard was
met by the proposition for uniisaIted sil-
yer coinage on tho other hand. Wha. had
become of the proposition so refieem tfss
greenbaeks and other financial pIaaia7
'.But IN this condition of inaetioa.'' pro-
cecssed Hnl. Congress can at least take
this one step That Will agssfre the world
that although we may have our hands
tel on these various measures. our bonsis
may be taken with fhe fgii assurance
that they would be paid by the best
ruofsey I'm use''
Isil said there was prospect of "a furffa-
er issue OF bonds ''I.ct nz. then. keep
down this interest. What could either
party gain by fnactiou on thfs subJects
by bringing on n panic the coming szirl-
rner ard bringing congress back 80 Warh-
ington City arain for further iegislation."
rIiIi closed with an eloquent peroratson
81 a =
least We can say said he. s'that fias
congress is not colnmtsttnd 10 gold; that
We aiH proceed steadily toward tala rsaii-
zatisn of hlnaataltIsrn. sIHt that We viii
maintain our national horer and credit
nv yayiny our debts IN the best money I'm
USE"
woIcost who followed. declared that
Mr. Tflll was merely threshinx old straw.
Th. present time was ho declared. fnap-
rrupraate for such rcaointsosl, coming cu
the heels of tho n1nnxfrous attack which
the president bad made on the currency
ard credit Of fhs Unitssf States I'm hts
bargain 90 sell our bonds abroad on wucss
terms az hss had made with the European
ha n5<ers Tersa action he pronounced ths
rrss,st aaasfrauz assault tpnn tfe coun-
.ryss figstntIai system which hal ever
been sna5e, '.and the worst feature as
sha whoss vsretehe1 business" he ssld
-z4ffs growing earfs.stTssS. is that the
attack ia made by a man wibcs because
oS has roAitsom. sfhouId haze stood ths
<orerrS,st iu our defeTze. Our nest has
t<-en lefcsFef by the man who shousd
have stood foremost for our credit .
Yeleott criticised tbs reoent contract
made for the saie OF the bends In Europe.
lie dsa not believe that the bankers
through whcgn the sAai had been mate
wossiss ever be called upon 20 advance
more thaa 10 pc- cent. 90 the amount oc
the bon9s sold. on accoaai os the advance