Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1895-02-20
THE BOND DEAL.
Senator Wolcott De clares It to Be
a Dishonorable DECKER.
Silver Senators Make Serious Charge
Against the Administration-Lodg
INDUCES In Strong Language
Hill CoDses to the Defense.

/
treasury came in for the principal shar'
/ of the attention in the senate Saturday
The debate was launched upon reso
luton offered some days ago by Sen
ator Hill (dem., N. W, declaring i
to be the policy of the government
to establish a safe system O
bimetallism and to maintain gold ant
silver at a parity; and upon substi
tute for it offered by Senator Sherman
rep, o. making similar declaration
except that it asserts that policy to bt
"the established policy of the United
| States affi 3 lutM
Hill Speaks.
Senator Hill made an earnest and i'm
FASHIONED speech in support of his reso
luton, stating that it was of supreme
Importance, at this hour, that congress
should inform the country and the
world, that the policy of the United
States was not to maintain the single
gold standard or the single silver
standard, but the double standard, and
that (if parity could not always be
maintained) the obligations of the gov.
eminent would be paid in the best
money in use. ..,i
Senator Hill spoke for more than
half an hour, and very earnestly. He
was followed by Senator Wolcott rep,
! COLI who said that Senator Hill had
been ''thrashing old straw" The
| house, he said, had disposed Friday
so far as this session was concerned
of the success of the issue or indorse-
ment of gold bonds.
Wolcott Attacks the President.
| 'The presidents wanton attack on the credit
| of the United States" Senator Wolcott de-
| clared passionately. has been the most disas-
trous occurrence of this generation Our nest
was befouled by the man who should have
stood for our credit" ~
| atAgain, Senator Wolcott said: THE presi-
dent entered into a secret negotiation with
| the RothSchildS. of Europe whereby he
should give them long bonds at excessive
rates, to the discredit of our country and its
finances"
The per cent. bonds, which had just been
sold to the syndicate, were now selling he said,
in New York at 112h and would be selling
within sixty days at 100 He believed that the
suffering and poverty which prevailed all over
the world would never cease until silver as
as we'll as gold made the standard OF
value. ..'If," Senator Wolcott said in conclu-
sion. there is anything that will arouse the
American people to the belief that we can
alone undertake the management Of our f.
| nances without the help of foreign bankers, it
has been that disgraceful and dishonorable
dicker with the Rothschilds."
Senator lodge rep, Mass.) advocated
Senator Hills resolution, the point of
which, he said, was that every obliga-
ton of the United States where coin
was named in the bond is payable in
the best money-in gold or silver-as
demanded. AS to the recent arrange
ment with the syndicate, he denounced
it as 1.-THE blacklist contract ever made
by the government of the United
States"
Hill Defends the President.
Senator Hill replied to Senator VOL
colt and defended the president from
the charges made by the senator from
Colorado Mr.. Cleveland had his faults,
Senator Hill said, but there was moth
ing to justify the statement that he
had paid higher rate of interest in
his bond contract than he was COM
PEELED to pay. ~
At g o'clock the agricultural bill was
laid before the senate, but Senator
Teller, speaking ostensibly on the bill,
proceeded to make financial speech.
Teller Criticises Hill.
Senator Teller declared that for the
last ninety days prearranged effort
had been made to put the country on
gold basis, so that it could not
get away from it. The senator
from New York had taken part in that
effort. He declared that this effort
had been in the direction of putting
gold at premium. There had virA
tually been conspiracy to this pur-
pose, and, with this accomplished, the
plan would be TO require payment
alone in that money. He continued:
1.-The New York senator tells us he is not a
defender of the president Be that as it may,
be is the only senator who has a reso-
luton, since the terms of the late con-
tract were announced, telling the people
that it is an honest transaction and that
it is the best that could have been
done. The senator, from New York
Is noted for his courage, but it takes higher
degrees OF courage than he has shown in any
thing else to stand out in defense of a transact
ton which puts our securities at lower rate
than those of Egypt, and when he says that no
senator can dGcently cr1t1c1Se the transaction
want to say that his ideas and mine differ as
to what decency is"
Administration Arraigned. 81
Continuing, Senator Teller declared that as
@ senator he construed it to be his duty to
protect the reputation and the interest of the
United States, and he declared: 1t is the
first time in the history of the administra-
tion's affairs that the people had ground for
charging absolute dishonesty He, said,
however, that he did not charge that the pres
tdent or the secretary of the treasury had
profited pecuniarily by the transaction. He
could not. however, conceive what had infiu-
enced tBeir course except an undue desire to
acquire authority for gold bonds. Senator Teller
bitterly arraigned the administration in its
dealing with foreign bankers.
Aged Man Sued for Divorce.
URBANA, o., Feb. 1s.-For tifty-four
years James Crabb and his wife Mar
garet have shared life's joys and sor
rows, and the marital relations of the
aged couple may be annu1led at the in
stance of the wife, she having fled
suit for divorce and charged infidenty
and neglect of duty. He is 80 years old |