The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-17

and the desire expressed Dy II 10 upnofd
ton it is the Rothschilds and the President
credit He asserted. that the resolution
and the speech of Mr.. Hill were in the same
credit silver, and then launched out into
a defense of the silver advocates, declaring
they did not advocate this course because
they were unpatriotic or because OF selfish
purposes. but because they would reneve
the suffering in the country and they did
ment until the double standard should be re-
established. There could be no prosperous
referred to the proceedings in the German
Reichstag of yesterday concerning silver as
an indication that there was to be change
ward it, he concluded 'but If any act
could serve TO paralyze the progress III Inat
aR1f asids." alekef Of 'Ae rrss'asn' W''A 'As i''
LODGE DENoUNCEs THE BARGAIN"
Mr.. Lodge said the substantial and i'm
portant part O; the resolutions was the last
half of them, declaring the right of the
holder to receive his pay in the best money.
He would push all the other declarations
of the resolutions aside as imma-
terial and let this stand. He dio
not regard it as necessary to define
the questions as to which was a bimetallist
or TO pronounce for the parity of all kinds
of money as the latter declaration was al
ready to be found embodied In our stajutes
He believed that the holder OF government
bond should be able to ask for payment in
the best money and in gold II that were tne
best, and he believed that to be the position
of the Republican party. He agreed with
Mr.. Wocott that the President had assaliea .Ls
the credit of the country, but asserteu ina, "a,
he had made the attack by his assault on
our coin bonds. For that reason, because or
this attack he thought Congress sncuIu ne
clare itself Withut eqhivocautun @ antract T he said
that the profits allowed European BANKERS
We're enormous giganuSeii Siiacsast and ever made
bv an administration in dealing with A1ner1-
can securities. But this fact Mr.. Loage
added only ehoed II make good its prom
ises 1t was not a question OF plme,aiilsIff M
or hai eredt ere Hf had been impaired
and attacked by those who shouio n, nave Cue ue-
Tended it. and it therefore behooved Con.
q vote would be reached. not only on TINS
resolution, but on the entire nnanciai ques-
tion, believing the nt country aa nao RECON.
age body or body opposed 70 f1 dhar repofion poTH
Mr. Stewart opposed the d lii M n,nding tbe
as surrender OF silver anu as oiiuihS 'ne
gold fetters on the people coon
Mr. Hill was again, on his & feet as ss,. soon Sal
as Mr.. Stewart closed: AZ lease said .ni1 nIr
HILL 1.-THE true purpose or tnese ProIessSu
friends of silver has been laid bare. II
was that they intended to pay our govern
ment obligations in silver coin, no matter
how degraded, how deprecated thaI metai
might be. II was i9T 3pat .ne tbe resoIution was
presented. 1t was brought forward to have
Senators disclose their policy as ana 10 pre-. be
sent a different policy. The ning OF tiie
Senator from Colorado that am pmetai-
list on a gold basis, answer that ne is
NAV on words. said Mr.. Hill. Such men
were not for birnetallism at an they were
for silver and silver only.
HILL, DEFENDS CLEVELAND.
Mr.. Hill then turned to the attacks being
| UailD to express approval of the contract
| with foreign bankers. But the President
had not been free to act as he desired.
| He had been bound hand and foot by the
| present law. This Democratic Congress had
| refused to help him.
Mr. Gray-Do you mean to say this SEN
| ate is at present Democratic
| NO" said Mr.. Hill. 1--WE no longer have
| the majority, but while we had it It. we put
| off action and procrastinated until power
| passed out of our hands,
| Returning to the course Of the President, A.
| denounced the Presluent in unmeasured
terms for running our. credit, and yet IN
| the same breath this Senator declared tnat
| our bonds were bringing more than at any
| time in years. 1t was not necessary 70
| defend Mr.. Cleveland's course. 1t was SUI
| ficient that the President and his Secretary
Of the Treasury had stated that They they had had
| secured the best terms possible Inc sen
| ator from Colorado cannot arraign this ad-
tha Rnthschilds." said Mr. HilL II am nc
| defender of the Rothschilds; but in this
| sums of money!. Will you get it from the
| miners of Colorado?'' :.
| Mr.. Wolcott quickly respondeedc; N9,
said he, mot from the miners of Colorado,
| as tney have been ruined by the legislation
| of the Senator from New York But theys
| were plenty of Americans ready to take the
| bonds had they the chance.
| Mr. Hill declared that the only way to
| secure such vast sums as 62,o00.O0o was in
| going to the money kings of the world Re
| nublican administrations had appealed 70
| the Rothschilds so that it was useless &c
raise party cry against the adminlstra
| tion's course in going TO foreign bankers.
| At this point Mr.. Hill took a slip of paper
from his table. Il have here an announce
ment that I hail with joy,n sal said he: III
| ing that the Reichstag has directed the re,
| newal of efforts to secure an international
| monetary conference" Mr.. Hill read the
disnatch IN detail and added: Il rejoice
| at this news, as much as the Senator from
Colorado, perhaps more so. sincerely be
| ieye that an international agreement Is
| POSSIBLE for bimetallism. This resolution
| announcing the policy of this country fol
bnetallism will be the answer or the Cnltee
States to the action of Germany. Mr.. Hii
| hoped that the response might go to Beriir
today and that the world might know the
the credit and honor of the United states
| was to be at all times maintained.
TELLER REPLIES TO HILL.
| At Q O'Clock, the morning hour having ex
| nired. the agricultural appropriation bill
| was taken up. But the financial sentimen
was too strong to give way to agriculture
| and Mr.. Teller returned to the Hill resolu
| ton He said it was the most remarkabl
paper he had ever seen. He would try no
| to go outside of parliamentary language il
| speaking of it. This interest OF the Senate
| from New York for silver by offering "a res
| olution for gold showed his regard for bi
| metaIlism. Mr. Teller declared that for tn
| last ninety days prearranged effort ha
| been made to put the country on goi
| basis SO that ii could not get away iron
| it The Senator from New York had takel
| part in that effort. He declared that thi
| effort had been in the direction OF puttin
| gold to a premium. There had virtual
| been conspiracy to this purpose, and, wit
this accomplished, the plan would be to re
| oure payment alone In that money In
deed, as a matter of fact, gold was eve
now at premium, for it had appreciate e
when everything else had deprecated. Q
course the silver dollar would depreciat
with this discrimination against it He de
nounced as cant the assertion OF interes
in maintaining the parity and paying "th
best dollar s"The best dollar which the
want isl he asserted, 1.-The dollar which
will take the most sweat and blood to get.
Referring to Mr.. Hilfs professions o
| bimetallisrr Mr.. Teller said Mr.. Hill wcul
be welcomed to the ranks when he shoul
show himself 10 be honestly in favor @