The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-15
BOND BILL DEFEATED.
Concluded from First pageo

most 1 per cent higher than the last bond
issue and now gave Congress the option
bonds at per cent. The only alternative
offered Congress was to go back on
ment and authorize gold instead of coin
bonds. Neither the honor, credit nor in
tegrity of the government was involved.
This was an attempt to force a revolution
in our financial policy. If gold bonds were
issued at the demand of Lombard street
never would another coin bond be issued
by this government. Then, what was to be-
come of the millions of coin bonds sold
to our own people? Their value would
preciate them and he would never vote
for, it.. Republican applause)
Mr.. Daniels, in three-minute speech,
argued In support of the resolution.
MIR. Coombs also favored the resolution
re re o m not KNOW Wnether Inc secretary OF
bargain, but he did knew that the neces-
sity which drove him to obtain gold i'm
peratfve. Had gold not been arranged for
the treasury would have been stripped of
its last gold dollar before next Saturday
night. Under such. extraordinary condi-
tons an extraordinary contract had been
made.
MMILLIN's REASONS.
Mr.. Bryan was then recognized to control
an hours time in opposition to the resolu-
ton He yielded fifteen minutes to Mr.
McAIillin, who gave his reasons why he
preferred, at this time, to forego the oppor-
tunity to the people 100000 a year in
discriminate against those of our own peo-
pie who. in the dark hour of their coul-
try's distress, took the governments bonds
and kept the governments obligations as
them. will continue to Keep their countrys
credit good, and ''all the powers of earth
or hell cannot prevent it, App.ause)
Mr.. Livingstone created amusing di-
version by sending to the Clerks desk and
having read, amid roars of laughter, some
extracts from Hood IS poems
''The golden ass or golden bull
Was English John, With his pockets full
Then at war by land and water,
While beef, and mutton and other meat
And farmers reaped golden harvests of
At the Lord knows what per quarter"
And concluding with the well-known lines
of the moral, beginning:
''Gold, gold, gold gold;
Bright and yellow, hard and cold;
Heavy to get and light to hold;-
Hoarded, bartered, bought and sold"
Mr.. Simpson opposed the resolution in a
short speech.
After some further remarks by Messrs
Hulick, Wheeler and Northway against the
bill Mr.. Bland, the silver advocate, took the
tioor, and in ringing sentences appealed to
the House not to surrender to the gold
kings If this resolution passed Mr.. Bland
declared that the government would forfeit
it's right to coin silver.
Mr.. Springer insisted that the only uues-
ton at issue was whether Congress would
save to the taxpayers $16,0000 900.
Mr.. Turner, member of the ways and
means committee. in time yielded by Mr..
Reed, made a strong speech in favor of the
was the duty of the government under its
pighted faith, at whatever cost, to main
tain the parity of all its currency.
HATCH QUOTES KNOTT.
Mr. Hatch, in a five-minute speech.
aroused the opponents of the resolution to
great enthusiasm. He had but little Time
he said, TO explain why he was to be a pail
bearer at this financial funeral. In a word
it was because the passage of this resolution
would make every debtor in the United
States pay his debt in gold. He read, amid
much demonstration, a letter addressed by
Ex-Governor Proctor Knott, of Kentucky
to Senator Blackburn, of Kentucky, in
which Mr. Knott characterized the pending
proposition as the last insolent demand OF
the goidites. They do not seem to want
to leave us a hereafter. Whenever the gov
ernment agrees to pay gold, silver is doomed
for all eternity. AS old Judge Forbes said
to Johnny Moore: Goodbye world; howdy
helln" daughter and appaluse)
The Speaker then called on the afTirma-
tive side to occupy some of its time. No
one arose, and for an instant it looked as
hausted. Bur MIR. Cooper took the floor and
in fervid tones. denounced those who We're
trying to Scuttle the snip of state
Mr. Payne said it seemed that nothing
had been left out of the bond contract that
was possible to put into it to Cypress the
" A. Stone, of Pennsylvania. said he
could not see why Republicans should not
vote for the resolution, although they were
not TO blame for the bad mana cement that
had brought about the difficulty. TO refuse
to make the bonds payable in gold would
be to spite the country. The President had
twice appealed to the patriotism of the Re
publican party, and that appeal had never
been made in vain. They had responded
twice, and should do so again
Mr.. Hepburn said the gentleman from
Pennsylvania proposed to go back on the
whole policy of his party that had always
pledged itself TO maintain gold and silver
at parity. The Secretary of the Treasury
was reported TO have said 10 the committee
on ways and means that If the gold proviso
put into this issue of bonds ii must go
into every future issue. do you propose
to do that? he asked. and there were cries
Of NO. no. After reading the plank of
the last national Democratic platform for
hlmetaliism, he said: mir. Speaker, can
imagine that your heart has been
warned many times by that ringing sem
tence. whereat there WAS great applause
and laughter. After reading the plank OF
the Republican platform for bimetallism.