The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-02-19
DONE UP IN GOOD STYLE
SilVar'S Opponents In the Senate Com
pletSly Knocked Out
NOT A LEG TO STAND ON
Jones and His Associates Turned
Down the GoIdbugs at Every
Turn Yesterday In the
Senate.

WASHINGTON, Feb. lS.-Stewarts reso-
luton, declaring the government had no
legal authority to buy gold coin in prefer
euce TO silver. was called up in the senate
to-day and Stewart made a speech in sup
port of his position. Gray then took the
floor and expressed surprise that Lodge
and Wolcott had so far gone out of their
way as to indulge in violent attack on
the executive. The president, he said,
had performed plain duty, the evasion
of which would have been dereliction of
duty. Gray read from the presidents
message urging patriotic and bipartisan
action to meet the emergency. Having
presented the situation 10 both branches
of congress, in appeals almost pathetic in
earnestness, the president was left alone
to struggle with tho condition and TO
meet il.
"Has tho senator lost sight of tho fact,
asked Wolcott. "that the secretary of th. @
treasury has reported to us he had used
S105, 900, 900 or more gold for current ex-
penses?"
This did not divert Mr.. Gray from his
line of argument as to the gold withdraw
ais for export and for boarding at homo.
Fright here / want to ask" said PETER,
'is there any law which compels the sec
retary of the treasury to pay demand
notes in gold instead of silver?"
IL have not said there was any such
law" replied Gray. II know OF no such
law; but the obligation TO maintain the
parity between the metals makes II abso-
lutely incumbent TO treat these metals
equally"
Hill arose ct this point to say that the
questions of Wolcott should not go unan-
swercd. Tho secretary of the treasury
had not reported to the senate, Hill said,
that he had used SlO5 100000 of the gold
for current expenses.
Teller wanted to read the secretary's
report, but Gray would not yield.
And this drain OF gold continued" re-
sumed Gray, "until the sub-treasury at
New York reported that they could not
hold out another day. Then came the
great question. Was the country to go to
a silver basis between sundown and sun
up, or was il to secure the gold absolutely
necessary to maintain the parity and eN-
change ability between the two metals ?
What would you have said If the presl-
dent had not met that emergency and
performed his duty? Would we have
heard adimadversions as those of Satur-
day for not rescuing the country from tho
grave crisis then presented? Action was
| imperative. 1t was to be dono in "a hours.
WHAT time was there to advertise for bids
for gold?"
Gray forcibly urged the gravity of the
condition which compelled speedy action
and made an appeal to those who had the
gold.
Wolcott here came forward with an
other question:
Does the senator know of any one
| other than Russell Sage who has boarded
gold ?" he asked.
II do not" said Gray, "but ] do not
know Russell Sage or any of his kind. and
| IL would be no pleasure If did"
Gray then urged the support of the Hill
resolution for paying in tho best money m
use. Replying to n question by Stewart
| Gray declared that if we accepted the con
tentions of the Nevada senator, the United
States would write on its bonds: "Thesc
bonds are payable in silver, If silver is at
discount"
| Hoar asked if it was decent that the
contract had been made so as to bring
| into the question the good faith of the
| government?
Gray vigorously resented the word "de
cent" as part of this line OF attack OF
the president.
Hoar modified the query so as to ask
him whether IT was reasonable" that THU
course shoulG be taken.
Gray declared that the real attack OF
the credit of the country was not from the
president, but from the senators vino pro-
claimed their criticisms TO the world.
1--WE have been dumb in this grav,
emergency" said Gray. 1--WE have lcf
the president to fight this battle alone 70
the credit ard honor of the United St1tc
I H. 49,.
forget that the American congress dc
serted the president in the hour OF trial.
Sherman secured recognition, afte
brief attention TO routine business, aut
took up the thread Of the financial debate
"The real question: said he, us, shal
this government pay its obligations il
gold or silver? wish to point out,' sal,
Sherman, "that in every act. every loan
every sale of bonds since 1869 this gov
ernment has demanded gold and now ar
we to refuse to pay these obligations il
the same coin we received for them?
this question is fairly presented and uu
derstood by the people, no honest maj
will say We should pay in other coin thar
that which we received"
Sherman read the law of 1861 solemnl
pledging the faith Of the government I
pay in coin. What coin, he asked. wa
existing at that time and what coin wa
meant by the law makers? IL was gold
which at that time was the only staudar
coin. Silver was not then n staudar
coin. Gold was the only possible coin
in contemplation a that time. Sherma
took up the ~ per cent. bonds ISSUED b
Secretary Morrill, and read the lanGuac
that the proceeds from them we're to 10
paid in gold" The same provisions wer
made as TO bonds issued by him Shel
man while secretary of the treasury. L,
say that such bonds, for which gold Wa
received, should not be paid IN gold, wa
not honest. And let me say 10 the sens
tors said Sherman earnestly. ';hes
bonds will never be worth loss than thel
value " hen they were sold. We receive
gold for them; We will pay gold for then
Tue people of the United states wall r,
sent any disposition on the part OF th
! United States TO pay our obligations