The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-02-21

denounced the contract made by the sec.
rotary OF the treasury and when he ex-
pressed the opinion that had a Republi-
can secretary of the treasury made the
contract this Democratic house would
nave impeached him, the Republican side
gave MN round after round of applause.
MI. Grosvenor Rep., Ohio, a member
Oh the ways and means committee, OPP
posed the resolution. Addressing him
sen 10 the charge that those who were
opposing this resolution were aiding to
destroy the honor, credit and integrity of
! the government, be pointed out that,
without consultation with congress, the
secretary of the treasury had privately
entered into contract with the Roths-
cnllds IN Europe and the Morgans here
to purchase gold with the coin bonds of
the government at rate of interest al
most per cent higher than the last bond
issue and now gave congress the option
or substituting for these coin bonds gold
bonds at 5 per cent. The only alterna-
tive offered congress was to go back on a
long-established precedent of the govern
ment and authorize gold instead of coin
bonds. Neither the honor, credit nor in
tegrlty of the government was involved.
ms was an attempt to force q reyolu-
ton, in our financial policy. If gold
bonds were issued at the demand of Lom-
bard street, never would another coin
bond be issued by this government.
What was to become of the millions of
coin bonds sold to ur own people. Their
value would depreciate. This was res
olution to depreciate them and he would
never vote for it. Republican applause.)
| Mr. Daniels rep, n. ~ in three
minute speech argued in support of the
resolution
Mr.. Coombs Dem., n. " favored the
resolution. Had gold not been arranged
for, the treasury would have been stripped
OF its last gold dollar before next Satur-
day night. Under such conditions an
extraordinary contract had been made.
MIR. Bryan was then recognized to
control an hours time in opposing the
resolution. He yielded 10 minutes to
Mr.. Mcmillan Dem., TENN, who gave
his reasons why he preferred at this
time to forego the opportunity to save the
people 100000 year in interest charges.
10 do so would be to discriminate against
those. of our own people, who i'll the
dark hour of their cOuntry's distress, took
the governments bonds and kept the gov
ernment's obligations as gold. These peO-
pie, or others like them, will continue
to keep their country's credit good, and
all the powers of earth or hell cannot
prevent it. (Applause)
| MI. lINlnSSlOu NDtlll.' VAL NiSdtNu
an amusing diversion by sending to the
clerks desk and having read amid roars
of laughter some extracts from Hoods
poems:
The golden ass or golden bull
Was English John, with his pockets full,
Then at war by land and water,
While beef and mutton and other meat
! Were almost as dear as money to eat
| And farmers reaped golden harvests of
wheat
At the the Lord knows what per
quarter"
And concluding with the well known
lines of the morals beginning:
Gold, gold, gold, gold"
Bright and yellow, hard and cold;
Heavy to get and light to hold.
Hoarded, bartered, bought and sold"
MIR. Simpson opposed the resolution
| in Il short speech.
! After some further remarks by Messrs.