The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-01-31
VEST BREAKS AWAY
he raF" Company With III, President on
the Bond OursiIon.

ho ra'' company With tho Prssideu on
the Bond Question,
WASHINGTON. Jan. 30..-A very ani.
mated consideration OF the financial
question took placsin the senate a, soon
as the session opened to-day. Mr.. Cul.
lon presented dispatch from all tho
leading bank, OF Chicago. urging tina.
the 'Pfcsidont's recommendations DO
carried out at the earliest day possible.
Mr.. Vest followed with a similar dis.
patch from the st. Louis cham5dr OF
commerce. This was the text tor ono
oil the most stirring scenes that the sen.
ate has heard in many days.
Mr.. Vest said that the chamber of
commerce OF St Louis did no. represent
the feeling Of the people OF Missouri or
OF tho country on tho financial ques.
ton. Ho did not believe tho people
favored retirement OF S500,000,0O0 OF
greenbacks. and thereby the issue OF
notes and tho substitution OF no cur.
rency at all. lIo did not believe they
favored gold obligations running fifty
years with interest aggrsgating So, OOO,-
900 at the end OF that time. 1t was a
selfish suggestion tina. posterity should
be eftto pay this bad debt. The obli-
cations Of this senate were "a binding
toward posterity as toward the present
generation. It was as much the duty Of
the senate to project the future as to
adopt the suggestion Of the President
to look after the present and let the fu.
ture look after itself.
1.-THE President has declared war on
silver" proceeded Mr.. Vest "He
would make us accessories to this effort
to fix the gold standard upon u.s. Tho
senator asked II any mau really be-.
lieved the supposed emergency could
not be met by treasury payments in
silver. And yet the impression was
being conveyed to the public that the
country was on the brink OF ruin. II
the President had the power he would
force US to the single gold standard.
but" said Mr.. Vest, inpressively, and
raising his right hand in emphasis, $50
far as am concerned, will never vote
to Issue bonds to secure gold aud place
us-on single gold standard"
MIR. Cullom rose at this point with n
question az to what the finance com.
mittee, OF which Mr.. Vest is a member,
intended doing toward securing some
definite policy.
Mr.. Vest paused for moment before
replying, then said: at might be more
proper to let the chairman OF the com.
mittes answer that question; but in his
absence will say that do not believe
there is the slightest possibility OF the
finance committee agreeing on any
measure to report to the senate"
The announcement-the frat that had
openly been made as to the situation in
the finance committee-yas received
with evident surprise.
Mr.. Vest proceeded to say that the
talk about lack OF revenue, as suggested
by Mr.. Culloln, was a waste OF words.
He had talked with the secretary OF the
treasury only day before yesterday and
had been assured that the revenues for
meeting expenses were ample.
Mr.. Cullom-So the secretary OF the
treasury is ready to assure us he has all
the revenue ho wants?
Mr.. Vest-Yes, it is increasing from
day to day. to such an extent that there
phouAaOo w W u iutSc pluSs
Mr.. Cullom-Do you state this, or is
it the statement Of the secretary OF the
treasury?
Mr.. Vest-I mako the statement on
direct information from the secretary OF
the treasury.
Reauming his speech, Mr.. Vest said
he was against the gold standard. 1t
was badge OF oppression. Sand am
to BIO made accessory to the perpetua.
ton OF this gold system?" asked the
senator. ut is not pleasant" he con-
tinued, "to differ with the head of my
party. l have remained silent for many
months in order not to add to the dis
cord within our great party. But we
have now reashed the parting OF the
ways. | will go no further"
Mr.. Vest closed with the emphatic
declaration that party fealty could never
lead him to aid in fastening the gold
standard on tho country. II tho st.
Louis chamber OF commerce wanted
someone to help toward that end they
would have to find someone else than
him.
Mr.. Wolcott said the Presidents pro-
posal was just such another plan as that
adopted more than year and half
ago to force the repeal Of the silver pur-
chase act. AT that time the banks be-
gan their campaign with kilograms to
senators. followed by instructions to all
tho business men who had loans from
them that unless the silver law was re-
pealed the loans would not be renewed
Now, "a then, lying reports OF prosperity
tofollow congressional action were being
circulated with view to influence the
senate and force tho gold standard
more thoroughly on the people. He
said that the attack upon the Sherman
act was preceded by the collapse OF the
cordago trust and the questionable
transactions in Reading stocks. What
the country wants, he went on, ia
more personal character, less dishon-
esty, moro honorable methods among
the financiers. Thore is no senator
who stands for silver who has not be-
hind him loyal. firm, true constitu-
ency. They arc ready to act. II tho
eastern banks, with their dishonest
business methods, seek to control the
legislation Of the country, they must
precedo the efforts by the adoption OF
more honorable ways than those that
now mark their programme OF .correc.
ton.
I n q ~