Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-02-16

after the defeat of the resolution in the
House. when he must know there is no
possibility of passing any legislation in the
line indicated by Mr.. HilPs resolution. He
declared, in view of this fact, that Mr. Hill
merely threshing old straw. He also
described Mr.. Hilfs declarations of bimetal-
lism, and said that with two or three eE-
ceptions the democratic Senator's who had
taken The Secretary of the Treasury at his
word, that the movement of the repeal OF
the Sherman law had been intended in the
interest of bimetdllism, those who had
voted for repeal We're the enemies and not
the friends of silver. The present time was,
he declared, unprOpitieus for such resolu-
ton. coming. as it does. on the very heels
of the mOnstrous attacks which the Presi-
dent has made uporf the currency and
credit of the country in his bargain to sell
our bonds abroad on such terms as he had
made with the European bankers.
This action he pronounced the most dis
astrous assault upon the country's fnan-
cial system which bad ever been made.
land the worst feature Of the whole
Wretched business" he said. with growing
earnestness, lis that the attack is made
by the man who. because of his position,
should have stood the foremost in our de-
Tense. Our nest has been befouled by the
-man who should have stood for our credit
The Bond Contract Criticised.
Mr. wocott criticised the recent con-
tract made for the sale of bonds in Europe,
been secured in this country and among our
own people. He asserted that the pay
ment to the Rothschilds was to be made
on an excessive basis, and followed this up
with the declaration that the policy had
apparently been adopted for the purpose
of discrediting our finances. and he de-
clared that the unfairnesS of the tranSac-
ton had already been exposed. He did
not believe that the bankers through
whom the negotiations had been made
would ever be called upon to advance more
than 10 per cent of the amount OF the
be nds sold on account of the advance in
their price.
Men Not Entitled to Consideration.
He had been assured that in New York
alone SLIP IL had been rendered for $780,
O00OG0 worth of those bonds, and said he
had the authority of one of the leading
bankers in New York for the statement
that within sixty days the whole issue
would be worth si2O. If" he said, speak
ing directly to the resolution and the de-
sire expressed by 1t to uphold our national
credit. there were ever any men who were
rot entitled to consideration Ii is the
Rothschilds and the President, because
they have sought to blacSen our credit"
He asserted that the resolution and the
speech of Mr. Hill were in the same direc-
ton as all other efforts made to discredit
silver. and then launched into a defense of
the silver advocates. declaring they did not
advocate this course because they We're I'M
patriotic. or because of selfish purposes,
but because they would relieve the suffer-
ing In the country, and they did not be-
lieve this was possible OF accomplishment
until the double standard should be re-
established. There could be prosperous
times with wheat at 30 cents bushel.
He referred to the proceedings in the
German reichstag of yesterday concern
ing silver an indication that there was
to he change in the interest of silver.
I'VE are working toward it," he concluded.
hut oct cnitI1 m
progress in that direction ii is the disgrace
full and dishonorable dcker of the Presi-
dent with the Rothschilds.
Vic. Lodges Criticism.
Mr.. Lodge Mass) said the substantial
and important part of the resolutions was
the last half of them. declaring the right of
the bondholder to receive his pay in the
best money. He would push all the other
declarations of the resolution aside as i'm
material and let this stand He did not re-
gard IL as necessary to define the question |
as to who was the bimetallist, or to pro- |
ncunce for the parity of all kinds of money, !
as the latter declaration was already to be |
found embodied in our statutes. The point |
was in neither of these directions, but IN |
the sustenance of the credit of the country. |
He believed that the holder of a govern |
ment bond should be able to ask for pay |
ment in the best money. and in gold II |
that were the best, and he believed that |
to be the position OF the republican party. |
He agreed with Mr.. Wolcott that the Presi- |
dent has-assailed the credit of the country. |
but asserted that he had made the attacks |
by his assault upon our coin bonds. For |
that reason because of this attack. he |
thought tnat Congress should declare itself |
without equivocatiOn or reservation.
REWRITING to the contract, he asserted |
that the profits allowed the European bank |
ers were enormous, gigantic" He char |
acteriZet the act as the blacklist ever made |
by an administration in dealing with Amer |
lean securities but this fact. ne added, only |
renders IL more important that the country |
should make good its promises. Ii was not |
a question of bimetallism or recommendation. |
but OF t.le good name of the country. That |
credit bad been impaired and attacked by /
those who should have defended it, and it, |
therefore, behoOyed Congress to come to |
the rescEe.
Mr. tiill replied to Mr.. Wolcott in anoth-
or plea FOR his resolution. In closing he I
declared himself an earnest bimetallist and !
hoped to see the restoration of silver sue
coed.
He vas rejOiced to read an Associated |
Press dispatch. just received from Berlin,
announcing that action had been taken |
looking toward the rehabilitation of silver.
Nr. TeIler's DenunciatiOn.
In a speech in the nate this afternoon |
Mr.. Teller Coli arra,gned the President |
in severe terms on account of the recent |
bond transaction.