The herald., 1895-12-21

the honor OF his country and 10 upheld By
Republican congress. IL stocks have
gone down, have no doubt that they are
Stocks that deserve to go down. 1 do not
think we should be intimidated by these
foreign capitalists who are pounding the
stock board.''
Hethen read from cable TO New York
paper an account of a meeting of English
capitalists who were described as being
about ready to throw their American secu-
rites on the market.
'Alas," he said, 'shas II come to this?
Here 10 a president who has done more for
English interests than any other president
who ever sat in the White house, and yet
today, because he stands firm for Ameri-
can honor, he has fallen so low in the st.
nation of Engishmen that there are now
none to do him reverence
"Was Rothschild at the meeting?" in
quired Mr.. Allen.
son. replied Mr.. Chandler contempt u.
ously, this is the same old game. This
cable is the report of a meeting in London
which pretended to be private, but was
also intended to be public. 1t was intend
ed to frighten Wall street and array the
stock brokers and holders on the sids of
peace"
Don't you think it would be wise
move, them" asked Mr.. Allen, ito go
ahead and force England to surrender the
American securities she holds? We would
then be independent Of her financially;
"Oh, yes" replied Mr.. Chandler, 81 am
willing to accomplish our financial inde-
pendence of England and afterwards our
industrial independence. But one thing
at time. This meeting in London was
part OF a conspiracy to alarm our people
in the belief that American stockholders
would check those insane enough to de.
fend our national honor. Therefore, at
this meeting, not |, who was rash enough
l. H. :.
versy would have to be s9ttled in twenty
years, but the president, that idol of aris-
tocrats and capitalists of Great Britain, is
described as insane"
Just as Mr.. Chandler concluded, Mr..
Tillman of South Carolina made his en-
trance into the senatorial arena for the
first time. He appeared anxious to cross
tleman, although at first reluctant, finally
acquiesced.
The incident caused considerable amuse-
ment. Mr.. Tillman wanted to know
whether, if Mr.. Chandler were convinced
that the passage of this bill would result in
the extinction of the gold reserve and the
establishment OF the silver standard of the
United States, he would vote for it.
"The senator from South Carolina" re.
piled Mr.. Chandler smilingly but evasively,
''like his other Populistic associates, is dis.
.'osed to mix up all questions
IL am not a Populist," shouted Mr.. Till
man.
"Then what are you ?" queried Mr..
Chandler.
"I am Democrat. if there are any
Democrats" replied Mr.. Tillman. II am
a follower of Thomas jefferson, Calhoun
and Lincoln.''
The reference to Lincoln provoked a
laugh, and Mr. Chandler CALCULATED, as he
looked around the senate, II guess we are
all Domocrats than -
"Answer my question: persisted Mr..
Tillman. would you vote for the resolu-
tion?''
81 would Mr.. Tillman added with a
shake of his hand.
"O," replied Mr.. Chandler, ''yes, will
vote for it; will vote for any sacrifice
save the absurdity Of the senator from Ne
braska. Mr.. Allen) to sustain the national
honor
Mr.. rurpie Dem. Ind.) spoke in behalf
Of the foreign relations committees
amendment. He said they were framed to
make. >more potent this proest against
European aggression on the South sAmeri-
can continent.
when we pass this BILL" declared he,
tive make the Venezuela boundary Our
affair. We cross the Rubicon. We desig-
nate a boundary line and say that it is to
be the line."
Mr.. Turpie asserted that our GU ardian-
perative. 1t was an obligation imposed
upon us by unyielding conditions.
MIR. Call democrat, Florida) spoke of
the embarrassments of congress in case
the proposed committee reported in favor
of the British contention. lie urged that
the demand of the hour was for firm and
dignitled action, not for q discussion of
war.
Mr.. Teller (Republican, Colorado) said
lie regretted that the president had not
himself taken action without awaiting the
operations of commission. As the presi-
dent desired a commission he should be
left to name its members. But Mr.. Teller
said he did not regard war as imminent.
He was not frightened by the fall of stocks
in London or the drop of railroad stocks in
this country. This would not affect wheat
or cotton. 1t applied only to railway
speculators. The American people should
not be diverted from maintaining what
they believed to be right by any question
of money.
At all times during the four hours of dis,
cussion the galleries we're besieged with an
eager crowd, whose patriotic impulses
found frequent expressions in applause,
which the presiding officer sought vainly
to suppress. All shades of political sentl-
ment were represented, aud yet in the
the support of the president, vigorous as
sertions of the Monroe doctrine aud, if
need be, any ac,i, IN essential to maintain
the national dignity. There were strong
expressions also against the panic in
American stocks and securities, which, it
was said. the London commercial houses
were seeking to bring about. Throughout
the debate there was an undercunent of
feeling that, while the country would not
shrink from war if it must come, yet the
calamity was not imminent.
Mr.. Chandler moved to lay on the table
the amendemet OF the committee reported
by Mr.. Morgan. This was adopted by a
viva voce vote, and with but few dissent
ing votes. Thus, unexpectedly, the original
house bill remained before the senate
without amendment.
Mr.. Harris, who was in the chair, lost no
time in expediting vote. Without delay
he put the question, although Mr.. Gallery
was about to offer an amendment. There
was a loud response of 'ayes" and no an.
swer to call of "nay."
The presiding officer declared the bill
passed. A moment later, when the full
significance of what had been done swept
through the galleries, there was wave Of
applause which promised to shake the
senate chamber, until Mr. Harris, rapping
with the gavel, sternly warned the specta-
tors against demonstrations.
The passage of the bill was not, how
ever, the only exciting event of the day, for
at 4:3O o'clock the presidents message
urging the gravity of the financial situa-
ton and calling on congress not to adjourn
for the holidays until relief was afforded,
was presented to the senate.
THE MESSAGE