The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-01-10
bpke when there was a hope of an honor

bpke when there was hope of an honor
able performance of duty"
Mr.. Outhwaite had pushed forward
ana again uttered his question, "Who
put the paddock on your lips?"
Mr.. Sibley hesitated for a moment and
then said: "Let me tell the gentleman
that am not talking today to men who
Delleve IN going to hell in a hand cart in
stead OF to heaven supported by truth.
Let me tell him also that l am not ad-
dressing men who believe more in bob
tan Hush than contrite heart"
| A shout OF applause and laughter greet
/ ed this statement. Mr.. Sibley proceeded
to relate the experiences of Dionysus
when he was again interrupted by Mr..
Outhwaite.
WAS it Dianysis who put the pad
! locks on your lips?"
MT. Si6ley made no reply, and proceed
ed to address himself to the details of
| the pending bill Mr.. Sibley was fire.
quently interrupted by questions and
when he demurred from answering be-
cause he had been given notice, he said,
that his time would not be extended, al
though mot man spoke in favor of the
gold trust of the world who was not
| given unlimited time"
be permitted to finish, but Mr.. Outhwaite
objected.
I'VE saw our distinguished executive
after the election of 1892" Mr.. Sibley
continued, "Hie himself away to recrea-
tion. Where on earth did he go? To the
classic shores of Hog Island. The Bible
says that when they are set at liberty
each man will go to his own place. Where
did he go? To Buzzards Bay and ever
since the, old ship of state has been
humping her nose into Hog Island and
floundering in the waters of the Buz-
yards Bay, with prosperity a cable length
away. There was panic being preci-
pitated by the vultures of the banks"
Mr.. Sibley shouted, ''besides which the
late panic was Il gentle zephyr to Il
shrieking cyclone. He had figures which
he prepared last June and which, at the
solicitation of friends he had refrained
| from using, showing that banks and
| trust companies could not pay SOC on the
dollar. The administration had so car
ried out the Democratic declaration that
the parity of all kinds of money should
be maintained, that all other kinds but
gold had become mere promissory notes
for payment in gold.
| Speaking of his Democratic principles,
Mr.. Sibley said that if he got into what
he supposed was a mahogany wagon and
| found it was veeneered bass wood, being
driven over n rocky road by an ineXper-
fenced driver he would jump out and
would not care much where he landed.
| He drew a picturesque sketch of Demo
Gratis around banquet halls tonight wor-
Shipping at the shrine of Andrew Jackson
and talking theories as different from his
as the throes of shade is from the fruit
of the tree of life, and if Jackson's spirit
were to appear it would kick over the
table and Danish those apostles in dis
gust.
Mr.. Cox Dem., Tenn followed with
| n careful argument in favor of the bill
\ He pointed out many evils of the present
system and explained at length his view
of the result of the Carlisle plan II put
into operation.
Mr.. Stone (Rep., PENN quoted the re-
marks of Secretary Carlisle to the ju-
ldiciary committee that he would pay
government expenses from any money
| in the treasury and said he supported
the secretary in that course and eX-
plained that as no money paid in the
treasury was classified the secretary
could not know whether he was paying
out the proceeds of bond sales or not.
He did not think the pending bill would
relieve the treasury situation nor did
| he, in fact, believe the retirement Of
greenbacksi and treasury notes would
check the demand for gold. If gold was
offered for commerce, gold would be
secured; if not from the treasury, then
from private holders. There was no rea-
son why there should be a scarcitey of
gold. There was $540,000,000 in gold
in this country held by banks and pri-
vate holders. The difficulty now was
that the Democratic party was too cow
ardly to meet the present and growing
deficiency by authorizing the issue of q
low rate bond to tide over the present
emergency.
Mr. johnson Dem., Ohio followed
Mr. Stone with caustic speech in op-
position to the measure. At the outset
he said be thought he. owed an apology
to the house for speaking against bill
which was dead as this was. When Mr..
Johnson explained that while he believed
the bill was designed to take the govern
ment out of the banking business and as
serted that no bill could be devised for
sound currency issues which would not
place them under government supervis-
ion and in effect that would make them
altogether redeemable by the govern
ment. 1t was the office of the government
to furnish money. This bill proposes to
confer on bonds without limit right
that could only be conferred on mo-
nopoly. 1t would give them n monopoly
or it would be failure. He attempted
to demonstrate that the bill would confer
the same monopoly on the banks that the
Bank of England and Bank of France
had. This was true because the green
backs and treasury notes on which cir
culation could be taken out were limit
ed in number. There were but $475, ,0O0,
600 of these notes. When they were de-
posted for circulation the monopoly would
be complete. Mr.. Johnson sketched
scheme by which dishonest man, entire
ly within the terms of this bill, could