The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-02-20
GOOD NEWS.
The Gold Bugs Beaten.-Party
Lines Broken Up.

House, by vote of 167 to 120, refused |
to authorize the president to issue 65,-
00o,o00 of 3 per cent gold bonds, with |
which to replace the "a per cent COIN |
bonds. for like amount. The fight |
was fierce. impeachment was limited |
at. Both the old parties are split up on
gcogra phical lines. 1t was charged
that the President had negotiated a
contract with the Rothschilds, through
has former latc-partner, by by which the
syndicate, represented by the law
partner, would make twenty-five millions
Of dolldrs.W
If this be so the Office Of president
is worth more than $4,000 year.
"Mr Hopkins rep, of Illinois, said
the question before the house was
whether congress would authorize the
president to change the policy of the
government and issue gold bond.
He deprecated such change and, re-
ferring to the quarter of century in
which the Republican party had been
continuously in power, asserted that IT
had always met its Indebtedness With
out resorting to the policy suggested
by President Cleveland. Referring to
Mr.. Wilson's declaration that govern
ment bonds were presumably payable
in gold he ironically inquired why
this fad had not been impressed upon
the minds Of the syndicate, without
an attempt being made to impress it
upon Congress. Amid applause he as
serted that when Secretary Folger de-
sired to fund $500, 200 of four per
cent bonds into three per cent, the
negotiations were conducted, not
with foreign syndicate. not under
private contract, with the law partner
of the president as party to it, but
in the open sunlight, and with the
American people as witnesses. In his
Judgment the payment OF these bonds
in gold, instead Of saving to the
United States SIC 6,0OO,OO0 in interest
at the end of thirty years, would cost
the people &l00,0oO,000 'as result of
changing the character Of our Obliga-
tions. Such transaction, he assert
ed would make every bondholder
bear in the market, interested in
sending the country to silver basis.
The presidents message sent in
here. he said, was not inspired by pa
triotism, but by an effort to throw upon
Congress the responsibility for giving
profit of $25, 900, 600 to foreign sym
partner (applause). This loan, Mr..
Hopkins asserted. could have been
taken in this country alone, and the
people would have been glad Of the
opportunity to do so, had it been af
forded them. In his support of this
he read from this mornings Washing
ton Post a statement, that whereas
Alexander Brown s. Sons. of Balti-
more had subscribed for 81, 125, 900 of
the bonds, they had been notified that
they could have but 100000 of them.
fCha nraci6opt and Cppratarv Of tho
treasury had made contract that
would be condemned by the country,
and the message was sent to Congress
for the purpose of misleading the peO-
pie by the assertion that saving of
$4,000, coo might be saved
II want to say, for one speaking, /
think for the entire Republican party
and most Of the Democratic, l am not
willing to be particeps criminis to any
such arrangement (applause). The
president should not be permitted to
prostitut the interests of the cOun-
try, disarrange it's financial system,
and bring disgrace upon the people
for the benefit CT a foreign syndicate.
1t is time, think, toindicate that we
can be patriotic without endorsing all
the financial vagaries in this con.
tract. l am about tired of hearing it
said that if you don't support the adj
miniStration in its financial measures
you are not patri )tic. | want Repub'
licans to remember the history OF
their own leaders in these positions
that recollection (applause)."
Mr.. Hatch, dem, Mo-, in his five
minute speech, quoted from letter
by exGov. Proctor Knott, of Ken
lucky, to his senator, as follows:
Il don't know when my democracy
has been more completely outraged
than by the last insolent demand O
the goldites that the governmen
shall issue $500,0O0,000 in gold bond
and retire the treasury note circula
tion with the proceeds.
Great God. How rapidly this long
the dreadful alternative of slavery OF
internecine strife-to determine
whether they will tamely hold ou
their hands and have the ShackleS o
remorSelesS PlutOcracy rivited upOr
their wristS.-or fight.
Nov, mark what | Say,-if the in
exorable law Of cause and effect ha
not been eXpunged from the statut
book of the Almighty. unless halt
called Z. D. O.. you may expect to Sc
the horrors Of the French revolutiO
the modern improvements, and tina
within the next decade"
Reed, of Maine, prospective Reput
lcan candidate for the preside ncy
supported the bill. The Minnesot
delegation divided:-Baldwin an
Hall, Democrats, (both of them appl
cants for presidential Offices vote
with the Rothschilds; while Boer
(Popuiist), Fletcher, Kiefer, McClear
aud Tawney, (Republicans), voted NJ
But the great bulk of the Republican
and Democrats east of Indiana, SUI
ported Cleveland.
The Inevitable is coming. 1t hf
got its trunk packed and its tickt
bought. The Money question is boun
to split up the old parties in 1895 eve
as the Slavery question did in 1S5
Let us rejoice while we see the foo
caught in the tangle Of their own ne