The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-19
Remarkable Statement by Gray
While Defending the Presidents
Contract with Foreigners.
SENATOR SHERMAN'S SPEECH
HE CRITICIsES THE ACTION OF MIR.
CLEVELAND AS IMPROvIDENT.
What Treasury Omcials Say Regard
of Gorman's Certificate Rider.
Special to the Indianapolis Journal.


ings of the Senate to-day were interesting.
and at the close bordered on the sensa-
tional. This evening about o'clock the
silverites, who had been alert for an open
ing, succeeded in having all other measures
sidetracked for the Jones silver bill. The
silverites have a majority of three, and
seem to be determined TO make the most
of their opportunity.
Opinion is still divided as to the fate of
the German rider on the sundry civil
appropriation bill providing for the issue
by the Secretary of the Treasury at his
discretion of emergency certificates. 1t
does not appear that the proposition will
encounter fatal opposition in the Senate.
Perhaps too much stress is being laid on
the statement of Messrs. Platt and Chand-
Ter made last Saturday that no "rider'' on
an appropriation bill involving new legis-
lation should pass without due discussion,
the implied threat being that any appro-
priation bill carrying such a rider would
be talked to death. Messrs German and
Allison, the two members of the subcom-
mittec most interested in this particular
rider for it ernbodies what both gentle
men conceive TO be the only solution of the
dfflculty) are experienced legislators, and
the fact that they have insisted on keep
even after Messrs. Platt and Chandler re-
peated their threat, may be regarded as
sufficient indication of their belief that it
will pass. 1t is premature to attempt
prediction as to the fate of the measure
on the House side. The chances, however,
are against its adoption. Messrs Sayres and
Dockery, the two members of the appro-
priations committee who will probably act
as. conferees, are both Southerners, free
silver and ant-bond men, The emergency
certificate proposition will not impress
them very favoraby. While they will
hardly insist on the withdrawal of the
rider in conference, they will not sup
port it very enthusiastically on the floor
There will not be much Democratic support
to the measure in the House. The admin
istration men will not take much interest
in it, and the Southern contingent will see
in the per cent. rate of interest enough
of a bugaboo to make them oppose It, The
body of the Republicans will probably sup
port it, for it is in effect the second clause
of the substitute which Mr.. Reed proposed
for the second Springer bill. 1t would ap-
pear then thas the odds are against its
adoption in the House, and it is probable
that Mr.. German will risk the defeat of the
whole bill by insisting that his rider,
shall remain in the bill at any cost.
The 'improvident' contract, as Mr. Sher-
man characterized Mr.. Cleveland's compact
with the foreign money lenders, continued
to be discussed in the Senate to-day. The
Ohio Senator made an admirable statement
of the way in which Mr.. Cleveland and
his Secretary have been overreached His
words were totally free from the partisan
passion that distinguished the speeches of
ca -
fled Senator Teller permitted himself to be
betrayed. Mr.. Gray sought by questions to
weaken the effect of Mr.. Sherman's sledge-
hammer blows. but after receiving prompt
answers to several queries was compelled
to retire ANONYMOUSLY from the fray with
the feeble apology, II confess that I ,1n-
derstand nothing at all of these matters"
The Presidents defense will be made short
ly by one of Mr.. Hills MephistopheIean
efforts. Attack and defense of the contract
which went into effect to-day may be looked
for continually for the rest of the session.
Senator Gray's statement that had II NOT
been for the bond contract the United
states might have gone to silver basis in
twenty-four hours created something of
stir in the Senate to-day. When asked
about the matter after his speech he said
was substantially stated in a telegram from
the subtreasurer in New York When the
attention of the treasury officials was called
to the Senator's statement they reported
that it was substantially correct. on
Wednesday evening of Jan. 30 Mr.. Jordan.
of the New York suptreasury, in a tele-
phone message to the department, said that
he could hold out until the following Sat-
urday, but that the next day might decide
the situation. 1t was further said at the
department, in defense of tb.. bond contract
that the net gold coin III the subtreasuries
and assay offices on Feb. 2, less gold certiff-
Gates to order outstanding, was $35 SO BIG
and that the gold bullion amounted to s43-
93SS65, making the total coin and bullion
,3S1. The gold was distributed as fol-
lows: Washington, $2.1SS, ,s62; Baltimore
Jos; New York, So, ,7o0.334; Philadelphia,
81, ,13S, 700; Boston, s. 509, $50; Cincinnati. 81
300. 735; Chicago, 81 664, It's; St Louis. s1576-
475; New Orleans,g s1,09i,S72; San Francisco
ss,94s.62 623. In the Phiiadelphia mint there
si1S,01O in coin and 81, 49, S2S in bullion: !:
in Carson City, S657 in coin and $717. .5s4 in
bullion, and in New Orleans. $751;, ,s55 i'm coin
and s652. 239 in bullion. In the New York
assay office there was $12,0S0 in coin and
$1S,301. 40 in bullion. The balance of the
coin and bullion was distributed among the
other subtreasuries and assay Offices
The first indications of general withdraw
ais of gold for the purpose of hoar1ing in
this country, the treasury officials say. were
noticed Jan. IL last Withdrawals in
creased rapidly until ON the 18th of that
month they amounted to s7,156046. On Jan.
2S the first message of the President on the
urgency of the situation was presented TO
Congress, and on that day over $4,000, 900
was withdrawn On the day following the