The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-12-28


had held to be valid. He charged the
republicans with shifting their position
on the currency question. as they had
yesterday on the tariff question. He
pointed out how the republicans In the
past had demonetized silver and had
passed an act for the resumption of
specie payments. which contemplated
the total retirement of greenbacks.
Now. in the face OF a presidential cleo
ton. they sought TO curry favor with
the silver sentiment and they dared
not retire greenbacks to which they
had once been committed. This bill
would prove inadequate. Turner af-
firmed most positively that In the ex-
treme state OF the market per cent.
coin bonds could not be fioated. In
conclusion he said ne mad once be-
heved the secretary OF the treasury by
exercising his option OF redemption.
could repei the raids on the treasury
but he now believed such a course
would precipitate a crisis. a panic. n
convulsion such as we had never had.
that would shake the public and pri-
vate credit to Its foundations.
Grosvenor OF Pennsyivania said. un-
der ordinary circumstances. he would
not favor either section of the bill.
The democrats were unable to suggest
any relief for the treasury. The pres
ident has proposed a gold bond. but In
the last congress he could not muster
half a democratic vote TO stand by
him. The secretary OF the treasury was
figuring how to meet the appropriation
of the last congress. A bureau officer.
a pestiferous growth. had dared to set
aside a five million appropriation for
the relief OF sugar growers. Debs and
his followers. TO suppress whom the
military was called out, had no more
fiagrantly violated the law than had
the secretary Of agriculture's petty bu-
reau officer In refusing to carry out the
appropriations of congress after he
had been rebuked by congress. But
yet the democrats said there was no
lack of money In the treasury. He
questioned the authority OF the pres
ident to make the bond issue of the
past year and attacked the arrange
ment with the Morgan syndicate. But
he said he was willing to vote for this
bill to save the administration from
bankruptcy and disgrace. because be-
hind that administration stood his
country.
Patterson, democrat. Tennessee, at
tributed the financial disaster that had
overwhelmed this country TO want OF
confidence in the currency system.
which carried $500, ,000. 900 OF silver and
s346. 6.o00.o 900 greenbacks on basis OF
gold reserve of 800. 900. 900. A single
declaration OF congress that II intended
TO sustain inviolate the gold standard
a. 10 N -
else TO restore confidence.
johnson. republican. California. was
the first republican TO oppose the bill
His frst sentence created a mild SEN
sation.- ''As a republican" he began.
'T want 10 give some reasons why my
colleagues should oppose this most in
iqultous bill. believe In the undying
hostility OF the republican party to any
issue OF bonds In time OF peace and do
not propose we shall give the lie to
everything we said before election and
I, for one. can never condone what I
regard as an error. both Of heart and
head. and a crime against the country
the bond transaction of last year"
He proceeded. impetuously; Against
my will and against my Judgment and
protest I voted for the revenue tariff
bill. I believe the verdict OF 1894 was
for the passage OF protection tariff
act: and we should restore the McKin-
ley bill and Bill Mckinley"
After some further remarks by John
son, republican. North Dakota. IN ia
vor OF the bill. and by Wheeler. demo-
crat. Alabama. against II. the house.
at s o'clock. recessed until O'Clock.
Wheeler. who had the floor when the
e. ha "A
OF his argument against a gold stand
ard. and Terry democrat. Arkansas.
and Underwood, democrat, Alabama.
followed with a similar argument will
son. republican. Idaho. gave his reason
for refusing to act with his republican
associates. The strongest and best rea-
SON was that its sponsor was President
Cleveland.
Bowers. republican. California. like
his colleague. Johnson. opposed the
measure. II was based. he said. on the
demand OF the stock gamblers of Wall
street. II was a proposition to issue
bonds. destroy the greenbacks and con-
tract the currency s34s. 100000. The bill
ought TO be entitled. "A bill to retire
republican senator's and representatives,
in congress-" Northway. republican.
Ohio. asked why the democrats who
were now opposing the bond issue had
not repealed the authority to issue
bonds in the last congress.
Henderson. republican. Iowa. offered
five reasons for his support of the bill.
First. the bill did not require q bond
issue: second. that II bonds were is
sued. the rate of interest would be re-
duced; third. the bonds would be dis
tributed among our own people: fourth,
IL did not retire the greenbacks. and.
nth. II prevented the administration
from selling bonds TO meet current de-
ficiencies. Shafroth. republican. Colo
rado. concluded the debate with n brief
speech against the bin At 10 y. m the
house adjourned until Tomorrow.
Gee Hop IL Not Citizen.