The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-01-31

never lead him to aid in fastening the
gold standard on the country. If the
st. Louis chamber of commerce
wanted someone to help toward that
end they would have to find someone
else than he.
Mr.. Wolcott said this was just such
another plan as that adopted more
than year and a half ago to force
the repeal Of the silver purchasing act.
At that time the banks began their
campaigns with kilograms to senators
followed by instructions TO all the Rusl-
ness men who had loans from them
that unless the silver law was repealed
the loans would not be renewed. NOW,
as then, lying reports of prosperity TO
follow congressional action were pelnS
circulated with a view to influence the
Senate and force the gold standard
more thoroughly upon the people. Ii
the eastern banks, with their dishonest
methods, seek to control the legislation
of the country, they must precede the
effort by the adoption of more honor
able ways than those that now mark
their programme of coercion.
Sherman's Sad Admission.
When Senator Sherman rose to give
his views on the financial situation
the first he has expressed in the Sen
ate for some time-there was a buzz OF
expectation and interest. Mr.. Sherman
stepped forward and seemed to address
himself particularly to the Democratic
side, emphasizing his remarks with fire.
quent gestures.
I'VE have reached the point" said me-
where we are being told no relief can
be given 10 the country until we have
conceded the free coinage of silver"
He believed that such an absolute con-
eession would be greater disaster to
be adopted. And yet the Senate was be-
5nS brought face to face with the al
tentative of taking free silver or moth
ang- If there was TO be a choice be-
tween the. two coin standards, then the
senator believed in taking the one which
was recognized the world over as the
best But he did not believe such a
choice was imperative. He still believed
both metals could be used.
But l am bound to say" said Mr..
Sherman, that the finance committee is
utterly helpless. We are equally divided.
We cannot reach no agreement We are
not able to report unless the concession
is made TO free silver
The people had plenty of money. They
had now 81, 500, Co., 900 in small savings in
the savings banks. Give the plain peO-
pie. the laboring people, a chance to meet
supply the deficiency in two days. He
begged the senate to unlock the doors
OF the finance committee and endeaYor
10 agree upon measure of RELIEF.
No Real Emergency Exists.
Mr.. Stewart declared no real emeTgen-
cy existed and that all the trouble that
had arisen was due to the administration
discriminating in favor of gold against
silver.
Mr.. HE said the first duty of the SEN
ate was to ascertain what was wanted
by the administration. With that pur-
pose in view. and i'm order that Congress
could stand ia irly before the country and
the administration could deal fairly with
Congress and Congress with it, he intro
duced a resolution directing the secretary
OF the treasury to inform the Senate
whether it is necessary or desirable that
legislation should be had authorizing the
issue of bonds, treasury notes or other
securities ITO raise moneys for the pur-
pose of paying current deficiencies in the
revenues, and if SO the nature and sub
Stantial details Of such legislation.
Mr.. Hill desired the resolution to be
Considered Immediately, but Mr.. Allen
PopulisD, objected, and the resolution
went over until tomorrow. This ended
the discussion for the time, and the
Senate began the consideration of rou-
tine business.
The credentials of Mr.. Wolcott Gre
publican), of Colorado, for the term,
beginning March 4 next, were pre-
scented. The Senate then, at 2 o'clock,
went into executive session lasting I'M
al o'clock, when it adjourned.