The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-02-15


rsrgsev sxzsssEed sfsa. fsre surd vas rot
Md sxnss. Isas, wk6esapou Wlssor rits4
b.rs 6ecxssxry Efn<sssSss report. ssAssEg
that On ssptesnber I. 1&e TIE eaiy ssz1a-
es,se cash sn the rreaesry sss <fss snaouSt
OF me trust fund sarss1 over 70 that &C.
eouE Ia sae grsseltrg july.
Tazs es<de1 sAe fencing between TIE o.
,poxttcn IsAs@xs and wtsson confsnoe1 has
e-xgsnsrss where Il Rad been broken or
By Dsnxaey's f1.errEprsou. Secrssz~y Car
ssxse, Is boxrewsng this god. hsd only
61n~ Whist Snerxaa ha9 dene. He had
god s per eesl tksrty-yesr bonss ~ the
ras. OF So IL. with xsse rixas 10 Substitute
NJ par per cent gold bosr1sA X the gov
eminent continued 20 maintain tn tra1i-
4sezxl polscy zhe per csas- oonds sossd
be ssrtuAlsy payable IN gold. because ms
government WAS kssgad - maintain al It's
currency On s parity. ~ the bonds VIII
lie pad IN sasd. II was The sease ct tina
ways and means eomnnstses fhnx ebers
pssgat no. to be airy hesitation 80 maxi
ing sfaese bosds payable sxs gold and say-
ing to TIA government the interest
charges snounaIEg 10 over s1ks6a.sa Tne
osntracs - .Ixeady made By wA4Gk the
eeIa - being pu Into the treasury and
psaced on vessels Tor sh1pns<He 20 sass
country. It can not b set aside. 1. was
saade anse~ ausyEe provision OF law. The
question presented here - whesner we
vii, substitute for q 4 per cent. coin
sntrsy-yesr bond. o Per cent gold bond
Wilson asserted thai for twenty-five years
Che gold standard had beer the pvaesteal
money basis In this cosssry; that gentle
uaen confuse the standard OF payment
Gsria the currency es payment Two ex-
peffsnessts had failed I'd give ressef and
row tbs treasury bad been obliged 20 re-
sort. az II had under Secretary Sherman.
90 q speo4za contract.
Arsisi}ln, DEM, asxlxeH II n wosssd NOT be
roasglsse 20 rat1 the gold reserve in the
future ~ II mas IN Ta@ pas. Wilson re-
pied tfssf y has undoubtedly been pos
esble since tsse first day % the rexamp-
tton OF specie payments. b1; said II would
n0f be done 81 we conA maintain puhitc
confidence ~o that our currency would be
as good a. grid
Hopkins sid ne resolution was wheesi-
er the government Mt this late day sa,oub9.
BY tsa@ extraordinary ulefhcgls Of Press-
dent clereland and his secretary Of the
traasazy easange fts established currency
assiaF thirty-fiVe years Of I&egsIbilcaa rsie,
ard make .t@ honde ra ysshae la guld. Why
DID aot the rraalstsTs. Re asked, call the
attensasn Of t1ssse forsagu capitalists To
the fact that THIS country had q ewstlssl
TsotscyT fApglaase1 IL the statement
sssiaoH made had been trao. that coin was
rally 40 COOS "a gold and snaant she
aafac thiag. why had not The prexd@rs
told the capitalists 500 II ofesoae this
resolution. be Continued. because IL w.l!.
81 my Judgment dagtroy the credit Of ths,
irsted States. Ia the future Il x'osiA be
sseceksaFy "a put the word gold into every
bond. The boTstsnoA4er was directly tn
taFestsi IA driving this country 30 a all
YER basis and sending gold 20 a premium
Tbs Rstlssssailds BIZ this means eou,d
o9aass the value OF their holdings. Sec
Tetsary Foiger tad extended the vase sum
o. $50 %. $40 per cent. boz,ds at Z per
cent. Ia the a5sen snuaight before the
ASsef.can pscssle. lsepahlsean Applause
issei the loans Of this administration had
i'fEoTe beau made in the open market,
with sase American people. Ia the light of
day: ahsy had bern mate for ten years
al ieas than per cent. Now there had
neeH made contract with a. fssrslxn
ss'nasease by wai6a tine government re-
celRei ssssstso less than similar fsyasla
were selling for IN the open narkat on the
very day tbs president had zeat his can
tract 10 e1ngrsss. with tbs bride Of SIS.
Ue.Oso 70 get lis consent A secret haan
ssssss negotiated for haher rates than any
Civilized country was payansy on SIS debt
hlgher even than bankrupt Exyza. irtse
Norway er any other eoun.ry. .s1'ha
prssasFas1." said ;sie speaker, ''peuaea ta,s
message. not from patriotic purposes. h,,t
for pofues and thai alone. lie wanted
70 throw the responsibility on congress-
Of making this iosn negotiated by hla
foFnssr law ia.xtner. II say for .ss,z,," he
aasertssf. "and hope I speak for the
s;stAre Republican side ard the great MASS
OF the Democratic parry. t5aat Garnet h,
f'sssis partaeSrs ersgiinis To this atseuft
Sf the president To prassasute t1p. n.a =.
cad standing ct this great country.
Cox. DEM. ya.-fsow does h hanns,
that by this contrac; thla syndicate viii
nave an option en future bond issues by
the gaeeramaate
Hopkins Nobody but the syndicate and
the president can answer thar. Cloud
anpsAaAsl
tv"syS Rep. sent to the clerks desk
an siss@naissens providing that nothing IN
the resolution should be construed as
changing the aSowed policy OF the gov.
eFnusent 10 pay all its outstanding bonds
in gold.
Hopkins them yielded 81 Cannon. Ill.
lie sksietled with biting sarcasm lac at
tenpis made 10 PASS legislation ,er the
relief 81 tho treasury. saying that tbe
presidents iaSt message was .esssxasihl,
fer the Springer bills sagnms Asrth Ia
9en"anee1 the eoatsact made By the sec.
sSiafy Of the treasury. ard when he sx
pressed fse oIssas9a shat bad Rsnah-
lean secretary OF the treasury made .n,a
contract the nemocratle house ,yapld
have lEssaseacEea him. the Republican slls
gave him round after rouaa OF applause
ireayenar. member OF ths WAYS ara
'aesss COMMITTEES. opposed tho resolQ.
Hon. Addressing himself TO tAs charge
that those who were opposing tha PESO
Hutton S~Fe attsas q destroy the hs,s,a-.
credit and integrity 81 gha government
he pointed aut that without s~sasulta-
ten With congress The secretary of IN.
treasury had privately entered into A
ccatroc. VITA the EethschIids ara thu
Aargans 60 purchase goid With the cola
banda Of the government az rata ns
ifssexess allnost I rer cent hlaher THAI
tho iast hSs1d issue. and new gave cor
gTess the optloa az substituting Ter ;hsSa
eosa bcads goid hSnts st 3 per eane
Tae only alternative offered conrress
was CO 80 back oa hong established
precsden. Of the governments ana author.
tse gold instead q esiE haaaa.
Sslthssr she hoaor. crvSsst or .n,r~xr.tv
OF tAe government AS Involved Tsat=
was an stzesaFs Ia fosV>e a vevo',ssis,.. in