Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1895-02-23
IA LIVELY SENATE SESSION
Republicans Make Vicious Attack
on Cleveland.
Wolcott of Colorado and Lodge OF Mas
sachusetts Make bitter Comment
on the Bond Deal - iIili
Defends Cleveland.

Washington. Feb. 16.-N'r. Stewart,
pop, Nevada, introduced n bill TO re-
store bimetallism. IT was read the
first time, it's second reading going over
one day.
The concurrent resolution heretofore
offered by Mr.. Hill. dem. New York,
declaring IT 10 be the sense of congress
that the policy Of the government re-
iuires that its efforts be steadily dr.
rected to the establishment of a sys-
silver may be maintained at a parity,
was laid before the enate.
Mr.. Sherman, rep, Ohio, offered a
substitute declaring il TO be the estab-
lished policy of the United States 10
maintain gold and silver coin at a
parity according to their coinage ratio;
and that, II at n time, silver coin
could not be at a parity with gold coin
the bonds OF the United States now or
hereafter issued which are, by their
terms payable in coin, shall be paid in
gold coin.
The discussion was begun by Mr..
Hill. who advocated his own resolu-
ton, and said that he wanted congress
to say to the world that the policy Of
the United States was not TO maintain
the single silver standard, nor the sim
gle gold standard, but the double stand
ard, and that If there should be any
disparity between the two metals the
Obligations Of the government would be
paid in the best coin in use. Mr.. Hill
spoke for more than half an hour and
very earnestly. He was followed by
Wolcott, rep, Colorado, who said that
Mr.. Hill had been '%threshing old
straw The house, he said, had dis
posed y~estecday-So far as this session
was concerned-of the success of the
issue of Endorsement of gold bonds.
TIL presidents wanton attack on the
.redit Of the United States" MIR. VOL
,ott declared ~passionately. has been
the most disastrous occurrence of This
generation. Our nest was befouled by
the man who should have stood for our
credit instead Of against" Mr..
Wolcott said: The president en-
tered into n secret negotiation with
the Rothschilds OF Europe, whereby he
should give them long bonds at excess
sive rates. 10 the discredit of our coun-
try and its finances. The 4 per cent
bonds. which had just been sold 10 the
syndicate were now ceiling he said.
in New York at ll2i2 and would be
selling within sixty days at 800. He
believed that the suffering and pow
erty which prevail all over the world
would never cease until silver as well
az gold was made the standard of
value If, Mr.. Wolcott said in con-
%clusion. there is anything that will
arouse the American people To the be-
lief that we can alone undertake the
management Of our WI finances with
out the help Of foreign bankers, ii has
been that disgraceful and dishouorable
decker with the Rothschilds.'
Mr.. Lodge. rep. Massachusetts. adj
vOcated Mr.. Hilrs resolution, the point
OF which, he said. was that every obli-
CATION Of the United States where coin
is named in bond, is payable in the best
money-in gold or silver, as demanded.
As 10 the recent arrangement with the
syndicate, he denounced it as the
blacklist contract ever made by the gov
Of tn United States"
Mr.. Hill replied TO MIR. Wolcott and
defended the president from the
charges made by the senator from Col
orado. Mr.. Cleveland had his faults,
Mr.. Hill said. but there was nothing to
justify the statement that he had paid
a higher rate of interest in his bond
contract than he was compelled to
pay.
. At 2 o'clock the agricultural bill was
laid before the senate. but Mr.. Teller,
speaking ostensibly on the bill, pro-
ceeded to make a financial speech.