St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-12
the tariff reform legislation of last sum-
mer. 1t was insisted on as the
Price of LegiSIatiOn

the tariff reform legislation OF last sum-
mer. 1t was insisted on as the
Price of LegiylatiOn
and as condition why senators would
support it.
Mr.. Hill reminded the senate that he
said the income tax provision had been
placed in the bill to suit certain sena-
tors, certain members of congress, not
to carry out single Democratic doct-
rine. 1t had never been declared to be
a Democratic doctrine by any national
convention of the party.
Mr.. Hill then referred to the remarks
of Mr.. CockrelL when he alluded to the
TACT that candidates of the last New
York Democratic state convention were
defeated. He (Hil) would point the
senator to the fact that the same disap-
proval of the income tax (as that con-
tanned in the Democratic platform) was
also i'll the Republican state platform
So far as the state of New York was
concerned, there was and is but little
difference of opinion on the subject.
The senator from Missouri had forgot
ten TO mention that i'll his state the
Democratic convention favored the in
come tax.
He did not think any Democrat found
very much consolation i'll referring TO
the result of the election in Missouri,
New York or any other state.
''We must wait until the clouds roll
by" he said, land L suppose in some
future time the prospects of the party
will revive"
Mr.. Hill said the election was con-
demnation of the income taX.condemna-
ton OF the WilSon-Gorman- Brice-Smith
bill, or whatever 1t was, a condemna-
ton of our legislation last summer, and
he thought the less said about it at this
particular time the better. Further on
Mr.. Hill referred TO the statement from
President Cleveland, 'iu his famous
Wilson letter. in which he told the
country how he deprecated the income
tax, and he (HiID did not think it prob>
able that the president would dIsap-
prove of its repeal if congress should
see lit to repeal it.
Dubois Talks silver.
When Mr. Hill concluded, Mr.. Dubois
(Rep., ldaho) began speech on the in
come tax, but which drifted into silver.
and was taken to state the position OF
the silver men in the senate on the cur
rency question As to the income tax,
wiped out. Speaking more particularly
OF the currency problem he said: Tax
ing the statements of both sides to the
controversy the conclusion would seem
TO be that, income tax or no income tax,
there is to be no permanent prosperity
and no relief from the distress which
the country is in, so long as the present
laws remain unchanged. The silver
senators, SO-ealled, insisted all
through the debate over the
repeal of the Sherman act,
that unless other financial legislation
took the place of the Sherman &C dire
distress would come to the country.
The distinguished senator from Indiana
(AIr. YOurheeS) said during that debate
that financial legislation would not stop
with the repeal, but that repeal would
be supplemented by legislation i'll be-
half OF silver. Other distinguished ad-
vOcates of repeal stated the same thing.
Well, Mr.. President, we have been
waiting fifteen months for this proposed
legislation, but nothing has been offered.
The longer we wait the worse off the
country gets. it does not take much of
a tinancier or an adept in figures to ar
rive at the conclusion that You cannot
redeem 81. I43, 150 $50 with $l00, 600, 600.
Or course | DO not admit, in fact, in
SiSt that the government Is under no ob-
legation to redeem this volume of paper
money with gold, but the administration
has insisted, and still insists, that no
matter what sort of note it is or what is
written OIL it. it must be paid in gold ii
the owner of it demands gold. There
have been two bond issues of $50, 900, 0U0
each.
Gold Has Been Withdrawn
from the banks to buy these bonds. AS
soon as the gold reached the treasury ii
commenced to dWlndle away, being eX-
changed for these various paper notes
which were presented for payment.
This process can and will 20 on Just so
long as the government Issues bonds
and redeems it paper with gold. The
only result is TO burden the people with
an increasing interest. bearing debt.
ANY scheme which proposes to enlarge
the currency without broadening the
basis Of money OF ultimate redemption
will certainly add 10 our complications.
That has been the chief fault with
all bills on the reformation of
our currency system which have been
formulated up 70 this time during this
session of congress. l sincerely believe
that fOur-fifths of the members Of this
body conscientiOusly believe that there
will be no permanent prosperity i'll this
country until tue basis of our currency
is broadeaed. l beliYe they would be
glad TO witness the return TO the free
and unlimited coinage of silver as we'll
as gold. A great many senators on this
f1or-l think a maJOrity-are fully con-
WINGED that there can be no substantial
relief without the unlimited coinage of
silver, and it is my impression that