The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1895-02-21
A LOSS OF MILLIONS
CoIorado's Senators So Term the
Re emit Bond Sale.
SENATOR HILL IN DEFENSE
He nd That on General Financial gu >.
N Tial SIX Months Ago.

Washington, Feb. 16.--In the senate
today Senator Dubois of Idaho present.
ed a telegram from Phoenix, Arizona,
which recited that at a meeting of the
republicans of Arizona, 1t was unani-
mously resolved that the republican
quivocally in favor of the admission of
Arizona to statehood at the present ses-
sion of congress"
Senator Allen of Nebraska presented
a resolution, which was agreed to, call
ing on the secretary of the treasury for
a list of national banks which had been
the depository of public funds for the
last 10 years, the interest. terms of con-
tract, etc.
Senator Hills resolution, which an
nounces the policy of the government
on bimetallism and on the payment of
gold obligations in the best money
available, then came up. Senator Sher-
man offered a substitute, declaring the
policy of the government should be to-
ward maintaining parity between the
two metals so that every dollar coined
should be equal to every other dollar
Should there be any disturbance in the
parity, then bonds should be paid in
standard gold coin.
HILL TO THE FRONT.
ut is of supreme moment" said SEN
ator Hill, that we should declare to the
country and to the world that it is un-
necessary to maintain the single gold
standard or the single standard of sill
ver," He said that on general financial
questions congress was further apart
now than 1t was six months ago. The
provision for gold bonds on one hand
was met by the proposition for unlimit-
ed silver coinage on the other hand.
What had become of the proposition to
redeem the greenbacks, and other finan-
cial plans? But in this condition of
inaction," proceeded Senator Hill. "con-
gress can at least take this one step
that will assure the world, that al
though we may have our hands tied on
these various measures, our bonds may
be taken with the full assurance that
they would be paid by the best money
in use"
Senator Hill said there was a prospect
of the further issue of bonds Let us
then keep down the interest. What
could either party gain by inaction on
this subject by bringing on panic the
coming summer, and bringing congress
back to Washington again for further
legislation?' Senator Hill closed with
an eloquent preroration for maintaining
the national honor.
"At least we can say" said he. "that
this congress is not committed to gold
We will proceed steadily toward the
realization of bimetallsm; that we will
maintain our national honor and credit
by paying our debts in the best money
in use"
WOLCOTT'S ATTACK.
Senator Wolcott. who followed, de-
clared that Senator Hill was merely
threshing old straw. The present
time was, he declared, inappropriate
for such a resolution, coming on the
very heels of the monstrous attach
which the president has made upon tn,
currency and credit of the United State!
in his bargain to sell our bonds abroad
on such terms as he had made with Eu
ropean bankers. This action he pro
nounced the most disastrous assault
upon the country's financial system
which had ever been made, land thu
worst feature of the whole wretchet
business" he said, with growing earn
estness, 'is that the attack is made b!
a man who, because of his position
| should have stood foremost in our de
Tense. Our nest has been befouled b.
the man who should have stood fore
most for our credit" Senator Wolcot
| criticised the recent contract made 70
| the sale of bonds in Europe. He did no
| believe the bankers through whom tn
| negotiations had been made will eve
| be called upon to advance more than l
per cent of the amount of bonds sol'
| on account of advance in their price
He had been assured that in New Yorl
alone 1121s had been rendered for $13,
900 900 worth of bonds, and said he ha'
the authority of one of the leading
bankers in New York for the state
ment that within 60 days the whole issu
would be worth 100 IT, he said
speaking directly to the resolution an
the desire expressed by 1t to uphol
our national credit and the treasury de
partment, there were ever any men VIII
were not entitled to considerat ton, IT
the Rothschilds and the president, be
cause they have sought to blacken GU
credit"
He asserted that the resolution an
the speech of Senator Hill were in tn
same direction as all other efforts mad
to discredit silver, and then launche
out into a defense of the silver advt
Gates, declaring they did not advocai
this course because they were impair
otto or because of selfish purposes, bl
because they would relieve the SUITE
ing in the country and they did not b.
lieve this was possible of accomplish
ment until the government standar
should be re-established. There cou
be no prosperous times with wheat |
80 cents a bushel.
He referred to the proceedings in Il
German reichstag of yesterday col
corning silver as an indication th'
there was to be change in the intere
of silver. I'VE are working toward ii
he concluded, but If any act cou
serve to paralyze progress in that dire
ton, 1t is the disgraceful and dishono
able dicker of the president with Il
Rothschilds."
LODGE IN THE SAME VEIN.
Senator Lodge said the substanti
and important part of the resoluti'
was the last half. declaring the rig
of the holder to receive his pay In [
, best money. He would push all 9th
declarations of the resolution aside
= immaterial and let this stand. He
not regard it as necessary to def