The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1895-02-15

est charges, amounting to over Sl6, ,UOO,UUU.
The contract was already made by which
the gold is being put into the treasury
and placed on vessels for shipment to this
country. 1t cannot be set aside, ii was
made under ample provision OF law. The
question presented here is whether we
viii substitute for a 4-per-cent. coin
thirty-year bond 3-per-cent. gold bond.
Hopkins (Rep,l OF illinois said the reso-
luton was whether the Government at
this late day should by the extraordinary
methods OF President Cleveland and his
Secretary of the Treasury change its
established currency under thlrty-nVe
years OF Republicans rule, and make its
bonds payable in gold. why did not
the President" ho asked, "call the atten-
ton Of these foreign capitalists to the fact
that this country had a settled policy?
Applause. Ii the statement MIR. Wilson
made had been true that coin was really
as good as gold and meant the same
thing, why had not the President told the
capitalists so? | oppose this resolution
because it will, in my judgment, destroy
the credit Of the United States. In the
future it will be necessary to put the
word gold in every bond. The bond
holder Is directly Interested in driving
this country 10 silver basis, and sending
gold to q premium. The RothschildS by
this means could double the value Of
their holdings. Secretary FOlger extend
ed the vast sum OF 500, ,OUO,UUO OF t per
cent. bonds at per cent. in the open sun
light before the American people. Repub-
lican applause. Even the loans OF this
administration have before been made in
the open market with the American peo-
pie in the light OF day; they have been
made for ten years at less tnan per cent.
Now, there had been made a contract
with foreign syndicate, by which the
Government receives $50, 500, 900 less than
similar bonds were selling Tor IN the open
market Oh the very day the President
sent his contract to Congress, with the
bribe of $4,000, 700 to get It's consent. y
secret loan was negotiated for higher
rates than any civilized country was pay
ing on its debt, higher even than bank
rupt Egypt, little Norway or any country.
The President" said the speaker.
"penned this message not for patriotic
purposes, but for politics, and that alone.
He wanted to throw the responsibility on
Congress of making this loan, negotiated
by his former law partner. l say, for one,
and | hope 1 speak for the entire Repub-
Iican side, that | cannot be made partlcepS
crimins 10 this attempt OF the President
to prostitute the financial standing or this
great country"
Powers (Rep.) of Vermont sent TO the
Clerks desk an amendment, providing
that nothing in the resolution should be
construed as changing the aYoWed policy
of the Government to pay all its out
standing bonds in gold.
Hopkins then yielded to Cannon (Rep.D
OF Illinois, who scotched with biting sar-
casm the attempts being made TO pass
legislation for the relief of the treasury,
saying that the Presidents last message
was responsible for the Springer bill s
second birth. He denounced the contract
made by The Secretary OF the Treasury, and
when he expressed the opinion that had a
Republican Secretary OF the Treasury
made that contract this Democratic House
would have impeached hiu, the Repub-
ican side gave him round after round OF
applause.
Bryan was then recognized to control
an hours time, in opposition TO the reso-
luton. He yielded fifteen minutes TO
McMiilin lDem.J of Tennessee, who gave
his reasons why he preferred at this time
to fogegO the opportunity to save the peo-
pie $4,000 year in interest charges. To
do SO would be TO discriminate against
those of our own people. who, in the
dark hour OF their country distress,
took the Governments bonds and kept
the Governments obligations as good as
gold. Those people, or others like them,
will continue TO keep their country's
credit good and ali the powers of the
earth cannot prevent it.
Livingston tDem.) of Georgia created
an amusing diversion by sending TO the
Clerks desk and having read, amid roarS
of laughter, some extracts from Hood S
poems:
The golden ass, or golden bull,
Was In glish jUhn with his pockets full,
Then at war by land and water;
While beet and mutton and other meat
W ere almost as Gear as money to eat,
And farmers reaped golden harVests OF wheat
Al the LORD knows what per quarter
And concluding with the wen-known
lines OF tho moral. DGUlnQlnO.
"Gold, gold, god,
Bright and yellow, hard and cold;
Heavy to get AID light 10 hold,
boarded and bartered, bought and sold.'
Simpson opposed the resolution in a
short speech.
Bland, the silver advocate, took the
floor, and in ringing sentences appealed
To the House not to surrender to the gold
kings. Ii this resolution passed Bland
declared that the Government would
forfeit It's right to coin silver.
Hatch (Dem.) of Missouri in a five
minute speech aroused the currency on
ponents OF the resolution to great en-
thusiasm. lie had but little time, he said.
TO explain why he was to be pail bearer
at this financial funeral In d word, il
was because the passage of the resolution
would make every debtor in the United
States pay his debt in gold. lie read.
amid much demonstration, letter ad-
dressed by Ex-Governor Proctor Knott of
kentucky 10 Senator Black burn dem J.
in which Mr.. Knott characterized the
pending proposition as the last insulting
demand OF the goldites.
Bryan made haIi-hOur speech apains I
the resolution, the passage OF which he
began by saying would withdraw S65, 900. =
OG0 from circulation. The President of
the United States," he said. lis human
being"
.spb no ,, sj,Ourad Iv,r,-o D.. Z
Massachusetts.
The President is therefore liable 10
err" added Bryan, not needing the inter-
ruptlon. "He has erred. The Democratic
party owes him nothing. democratic
applause. II owes him only the graft
tude 1t would owe the guardian who has
! squandered a rich estate de seeks to
inoculate his party with Republican
virus, that his party may die of blood
poisoning. democratic applause But
he has yet one attribute of sovereipnty-
he chasteneth whom he loveth ~ Laugh
/ ter
Reed arose. Instantly the hum of
/ voices ceased and hush fell on the
/ House. Mr.. Speaker, he began, "that
doctrine of the union Of the South and the
! West has been preached by prophets
! whose inspiration lasted longer than that
/ OF the gentleman from Nebraska tNIr.
! Bryan). Laughter.l But it has been a
/ failure. II always Will be failure. We
! not only send our property West. but we
send our children there, and no man who
crosses from East to West can fail TO be
struck by the fact that there is, after all.
an unity OF sentiment between the tw o
sections of the country that no language
| VIII ever blot out OF history. The South
ern and Northern Democrats may not be
able TO live together. am glad they are
not able TO live together. But | say Ia
! you that the Republicans of the East and
of the West and of the North and South
| have thus far found some method of Iiv-