The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-31

slightest possibility of the finance commit
tee agreeing on any measure to report to
the Senate"
The announcement, the first that had
openly been made as to the situation in
the finance committee, was received with
marked attention and evident surprise. Mr..
Vest proceeded to say tnat the talk about
lack of revenue, as suggested by Mr.. Gull
iom was waste OF W words as s he had talked 1ei
day before yesterday and had been as
sured that the revenues for the meeting OF
expenses were ample
Mr.. Cullom-so the Secretary of the Treas
ury is ready to assure Us he has all the
revenue he wants?
Mr.. yest-Yes; it is increasing from day
to day to such an extent that there prom
ises to be large surplus
Mr.. Cullom-Do you state this, or is it
Mr.. Vest-I make the statement on direct
information from the Secretary of the
Resuming his speech Mr. Vest said he
was against the gold standard. 1t was
made accessory to the perpetuation of this
gold system?'' asked the Senator. 1T is
not pleasant" he continued TO differ with
silent for many months IN order not to
add to the discord which exists in great
ing of the ways. l will go no further
Mr.. Vest closed with the emphatic declara-
ton that party fealty could never lead him
tn the aeo country' m a # the St. Louis Chamber Of
Commerce wanted some one TO help toward
that end they would have 70 find some one
else than him.
Mr. Wocott said this was just such an
other plan as that adopted more than
year and half ago gn 70 toree the 46at repeal fi
the banks began their campaign with tele-
grams to Senators, followed by instructions
to all the business men who had loans from
them that unless the silver law
pealed the loans would not be renewed:
Now, as then, lying reports OF prosperity
to follow congressional action were being
circulated, with view to influence the Sen
ate and force the gold standard more thor
oughly on the people. II the Eastern banks,
to control the legislation of the country they
must precede the effort by the adoption of
more honorable ways than those that now
mark their programme of coercion.
MIR. SHERMAN SPEAKS.
When Senator Sherman arose to give his
views on the financial situation-the first
he has expressed in the Senate for some
time-there was buzz OF expectation and
interest. Mr.. Sherman stepped forward and
seemed to address himself particularly to
the Democratic side. emphasizing his re-
marks with frequent gestures. We have
reached the point said ne, where we were
being told that no relief whatever would be
given to the country unless We conceded
the free coinage of silver. He believed such
an absolute concession would be a greater
disaster to the country than any other
course that could be adopted. And yet the
Senate was being brought face to face with
the alternative OF taking free silver or moth
ing. If there was to be choice between
the two coin standards, then the Senator
believed in taking the one which was rec
ognized the world over as the best. But
he did not believe such a choice was imper-
ative. He still believed that both metals
said Mr.. Sherman, that the finance COM
mittee is utterly helpless. We are equally
divided. We can reach no agreement. We
are not able to report unless the concession
is made to free silver The people had
plenty money. They had now Sl,6o0 200
in small savings in the savings banks Give
the plain people-the laboring people-a
chance to meet this so-called emergency
and they would supply the deficiency in two
days. He begged the Senate to unlock the
doors of the finance committee and en-
deavor to agree measure of relief.
Mr.. Stewart declared that no real emer-
gency existed and that all the trouble that
had arisen due to administration dis
elimination in favor of gold against silver.
Mr.. Fill said that the first duty of the Sem
ate was to ascertain what was wanted by
the administration. With that purpose in
view and in order that Ce1gress could stand
tration could deal fairly with Congress and
Congress with it, he introduced a resolution
directing the Secretary of the Treasury to
desirable that legislation should be had
authorizing the issuing Of bonds, treasury
notes other securities to realize moneys
for the purpose of paying current deficien-
cies in the revenues and if so the nature and
substantial duties of such legislation.
Mr.. Hill desired that the resolution be con-
sidered Immediately but MIR. Allen objected
and the resolution went over till tomorrow.
This ended the financial discussion for the
time and the Senate began consideration of
routine business.
The credentials of Mr.. Wolcott for the
term beginning March 4, next, were pre-
sented.
The Senate then. at o'clock. went into
executive session for consideration of the
Jacanese treaty. The executive session
lasted until o'clock and the Senate then
adjourned.
Sir Rivers Wilson's Views.
WASHINGTON, Jan. 30.-Sir Rivers Will
before the Senate committee on
Pacific railroads and made an argument as
the representative of the English bondhold-
ers and stockholders of the Central Pa
cifc Railroad in favor of the readjustment
tho i,,Jo Of