Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1895-01-18

oo'iuo as WILL ss IIo SECURITY deposit nav
long been unnecessary, for the bonds ar
worth more than their face, and I cal
hardly conceive of a condition in the fu
ture when they could not be immediatel.
sold to redeem the notes of any failet
bank. l would, therefore, for the presen
give the banks the right to issue the fac
value of the bond and in emergencies lik
that of 1898 to issue SO per cent more, thi
extra issue to be subject to a heavy tax
which would insure it's retirement as soo1
as the emergency passed and the rate o
interest became normal. l must admit
however, that this is mere theory, for ther'
Is so much cowardice among public mel
at present. l consider this ms one of thos,
periods in which legislators should LEAF
public opinion or even resolutcly defy il
instead of following it. Congress ouyh,
to follow the light of experience II, .. !, nunt
science, and adopt the best plan, . II II
the people were opposed to it, and l.,rn 50
out and persuade the people to indorsn it,
A funny illustration of the general scare is
found in the published figures orie nc gold
available and the statements made abouti il
in congress. They talk about there being
5000, DOC, 900 in the country, but my opinion
is that a universal search warrant would
not discover more than 1896, 600, 600.
Varied Plans.
The country has heard enough of the
Baltimore plan, the Carlisle bill, the
Springer substitute for the Carlisle bill,
the Bland substitute, the Walker substi
tute, the Walker amendments to the
Walker substitute and the Springer
amendments to the Springer substitute
for the Carlisle bill as we'll as the Sperry
substitute for all tho other substitutes and
bills. 1t would fatigue the memory to even
name the minor subdivisions of opinion on
all these measures, and in this chaotic con-
ditlon the house drifted toward a vote, the
Populists being the only really happy fcl-
lows in the business. The first day after
the holiday recess, but onc-fourth of the
members being present, the debate was a
trifie dull, the speakers beng Mcssrs.
Black Of Georgia and McCrcary and Beck
ner of Kentucky for the bill. and Messrs.
Haugen of Wisconsin and Adams of Penn
sylvania against it.
Jerry Simpson injected a little fun by
asking how the people Of tho United States
had lost $40, 600, 600 by the decline in the
price of coal, as Mr.. Adams had stated.
The latter answered according to the al.
vice of the old lawyer to ''abuse the plain
tiH's attorney, and then Lafe Pence II
In with some evidence about the foreign
born miners of Pennsylvania, which stirred
up feeling and made the debate almost in
teresting. On the second day, however,
Mr.. Hendrix Of Brooklyn said in sub
There is too much paper money,
If we are to maintain the gold basis-and
1t we must-we must fund the whole
XhE0 00O nm IF unynry,, ,,on ~ ~, -, lz-l.
and then %uncounted millions of gold now
waiting to see what we Yill do will flow in
Upon us from Europe. Now is the golden
opportunity, when the world has more
money than it can use. I beg of you strike
while the iron is hot, while the great pools
OF capital In France and Germany and
England are waiting simply for the signal
the United States is once more all
right m intends to keep all right, to let
their Pactolian stream come over and flow
through all the veins of our commerce."
A Sensational Speech.
The sensation Of the day, however, was
the speech of Hon. William Peters Hep
burn of Iowa, who spoke but Is minutes,
but every sentence was a snapper. He was
for high tariff, moro silver, a subsidy to
until we do all our W carrying,
and for several other things selected from
the measures advocated by various parties.
this sentence, "ButI am as firm
ly convinced as that 1 am alive that, if
the secretary of the treasury was now to
exercise discretion, paying out gold when
legitimate redemption is demanded and
refusing to pay it out when the sole and
only purpose is to deplete the treasury of
country, when the desire is for ship
ment abroad, the evils chat we suffer from
would cease to exist The gem of his
speech, however, was in the few sentences
with which he cut the balance of trade
theory into giblets. He asserted, and some
think he proved, that the balance of trade
has never been in favor of this country in
the last SO years. His demand for more
money, coming from an Iowa Re.
publican, was highly significant. The 81
lence on that point of Mr.. Dingley, who
followed, was equally significant. 1t was
opening of the rift in that party CORE
spending with the somewhat bigger rift in
the other, and as the debate went on it
seemed to grow.
The next speaker to excite great interest
Bourlie Cochran. The temper of the
house may be judged by the fact that
N11ou liz OCCliiCu III an elOQuCUU DerlOu
that the financial question should not be
political there was a smile if not a snick-
Or. This proposition to make every i'm
question nonpolitical has become
such Il chestnut" And during all the
week here briefly outlined there were never
at Il time 1870 members in the house and
very seldom more than so.
Talk of an Extra Session.
Those who ought to know insist that
will be al extra session of the Fifty
fourth congress, and some go SO far as to
name the date-the second week in April.
On the assurance that there will be a sur
plus the naval committee wants IS, OOO,-
900 for three new battleships, 10 torpedo
boats and several other things, but most
of this money would not be spent till 1896.
Both houses are tolerably liberal at pres
emit, and the appropriation bills are doing
quite as we'll us could be expected. The
silver men swear that Cleveland is merely
trying to scare them with the threat of
an extra session, and that they don't scare
worth a cent. They like the prospect.
They are perfectly confident that any cur
rency bill that can be passed on present
lines will be a failure, and they very nat
urally want the Republicans and gold
bugs to hear the burden of II, There ia a