The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-02-17

were unpatriotic or because of selfish pur-
poses, but because they would relieve the
suffering in the country and they would
not believe this was possible of accomp-
lishment until the government standard
should be re-established. There could be
no propitious time with wheat at 80
| cents bushei. He referred to the pro-
ceedings OF the German Reichstag of yes
terday concerning silver as an indication
! that there was to be change in the in
| crest of silver.
I'VE are working toward it, " he con-
cluded, ''but if any act could serve 10 par
alyze progress in that direction it is the
disgraceful and dishonorabe dicker of the
| President with the Rothschilds.'
Mr.. Lodge said the substantial and inn
portant part of the resolution was the
last half, declaring the right of the holder
to receive his pay in the best money. He
would push all the other declarations OF
the resolution aside as immaterial and let
it stand. He did not regard it as neces-
sary to define the question as to who was
bimetallist or to pronounce 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
Government bond should be able to issue
for payment in the best money and in
gold ii that were best and he believed that
TO be the question of greedy party. He
agreed with Mr.. Wocott that the Presi-
dent had assailcd the credit of the coun
try but asserted that he had made the at
tack by his assault on our coin bonds.
For that reason, because of his attack, he
thought that Congress should declare it.
self without equivocation or reservation.
Reverting to the contract, he said that
the profits allowed the European bankers
were enormous, gigantic" and charac-
terized the contract the blacklist ever
made by an administration in dealing
with American securities. But this fact,
Lodge added, only renders it more i'm
portant that the country should make
good its promises. 1t was not question
of bimetallism or monometallism, but of
the good name of the country. That
credit had been impeached and attacked
by those who should have defended it,
and it therefore behooved Congress to
come to the rescue. He hoped vote
would be reached, not only on this reso-
luton, but on the entire financial ques-
ton, believing the country had right to
know whether the Senate is free coinage
body or body opposed to that policy.
Mr.. Stewart Populist of Nevada op-
posed the Hill resolution as a surrender of
silver and as binding the gold letters on
the people.
Mr.. Hill was again on his feet as soon
as Mr.. Stewart closed.
SAT least the debate has cleared the at
mosphere,' said Mr.. HILL THE true
purpose of these professed friends of silver
has been laid bare. 1t was that they in
tended to pay our government obligations
in silver coin no matter how degraded,
how deprecated that metal might be. 1t
was for the purpose of securing this dis
closure that the resolution was presented
1t was brought forward to have Senators
disclose their policy and to present diff
ferent policy.
"To the fling of the Senator from Col
oradO that | am bimetaist on gold
basis, l answer he is bimetallist on
silver basis. 1t was a mere play of words,''
said Mr.. Hill "such men were not for
bimetallism at all they were for silver
and silver only"
Mr.. Hill turned to the attacks being
made on the President. 1t was not for
him Hill to express approval of the con-
trait with foreign bankers, but the Presi-
dent had not been free to act as he de-
sired. He had been bound hand and
foot by the present law. The Democratic
Congress had refused to help him.
Mr.. Gray, Democrat, Delaware-Do you
mean to say this Senate is at present Dem
ocratc2
NO." said Mr.. Hill, 1--WE no longer
have the majority, but while we had it
we put off action and procrastinated until
the power passed out OF our hands,
1.-The Senator from Colorado cannot ar
raign this administration because it has
contracted with the Rothschilds; but in
this emergency where will you look for
vast sums of money? Will you get it from
the miners of Colorado?''
Mr.. Wolcott quickly responded: mo,
not from the miners OF Colorado, as thev
have been ruined by the legislation of the
Senator from New York. But there were
plenty of Americans ready to take the
bonds had they had the chance
Hill declared the only way to secure such
a vast sum as $62, 600, 900 was in going to
the money kings of the world. Repub-
lican administrations had appealed to the
Rothschilds, and it was useless to raise a
party cry against the administration
course in going to foreign bankers
At this point Hill took slip of paper
from his table.
Il have here an announcement that l
hear with joy" said he. at is an Asso-
ciated Press cable from Berlin announc.
ing that the Reichstag has directed the
renewal of efforts to secure international
monetary conferences"
Mr.. Hill read the Associated Press ca
BILE in detail, and added:
II rejoice at this news" he proceeded.
''as much as the Senator from Colorado.
and perhaps more so. | sincerely believe
hat an international agreement is posi-
BILE for bimetallism. This resolution an
nouncing the policy of this country for
blmetallism would be the answer of the
United States to the action of GERMANY"
Mr.. Hill hoped the response might go
to Berlin today and the world might
know that the credit OF the United States
was to be at all times maintained.
At 2 o'clock the Agricultural appropria
ton bill was taken I'D but the financial