The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-02-01
THE SAME OLD STORY,
senators Have an Animated Debate on
the Currency Question

Senators Have Animate Debate on
the Currency Question.
WASHINGTON, Jan. 30.-A very ami
mated consideration of the financial ques-
ton took place in the senate as soon as
the session opened. Cullom presented a
dispatch from all the leading banks of
Chicago, urging that the presidents rec
concentrations be carried out at the earli-
est day possible.
Vest followed with a similar dlspatch
from the St. LOUIS chamber of commerce.
Vest said the chamber of commerce of ST.
Louis did not represent the feeling of the
people OF Missouri or of the country on
the financial question. He did not be-
lieve the people favored the retirement of
$500 100000 greenbacks and treasury notes
and the substitution of no currency at all.
he did not believe they favored gold obli-
| cations running so wears with interest no.
gregating S750,000,00 at the end of that
time 1t was selfish suggestion that
| posterty should be left TO pay this bad
debt. The obligations of this senate we're
as binding toward posterity as toward the
present generation. 1t was as much the
duty of the senate TO protect the future as
to adopt the suggestion of the president
TO look after the present and let the future
look out for itself.
Vest was by this time putting such
energy and dramatic force in his wor Is
| that he was given eager attention from
| the senators and from the crowded gall
leries.
The president has declared war on
| silver proceeded Vest. ale would mako
us accessories to tins effort to fix the gold
standard upon u.s. The senator asked
if any man really believed the supposed
immergency could not be met by treasury
payments in silver? And yet the impress
sion was being conveyed TO the public
that the country was on the brink of ruin.
IL the president had power he would force
us to the single gold standard.
But" said Vest impressively, $50 far
as l am concerned, / will never vote to
issue bonds to secure gold and place us
on "a silver standard"
Cul. ON rose at this point with a oues-
ton for the finance committee of which
Vest is a member. He asked if the COM
mittee intended to try to arrange some
definite policy.
Vest paused for a moment before reply- |
ing and then said: ut might be moro
proper to let the chairman of the finance |
committee answer that question, but in |
his absence / will say that do not be- |
lieve there is any possibility of the finance |
committee agreeing on sny measure to |
report to the senate" Vest said the talk
about the lack of revenue as suggested by
Cu'lom was a waste of words. He had
talked with the secretary of the treasury
only the day before and had been assured
the revenues we're ample.
Cullom-So the secretary of the treasury
is ready TO assure US he has all the rev.
enue he wants?
Vest-Yes, it is increasing from day to
day to such an extent that there promises
to be a large surplus.
Cullom-Do you state this, or is il the
statement of the secretary of the treas
ury?
Nest-l make the statement on direct |
from the secretary.
Resuming, Vest said he was against the
gold standard. 1t was bondage of on
preston. And am l to be made an ac-
cessory to the perpetuation of this cold
SYST ems" asked the senator. at il NOT
pleasant" he continued. ITO differ with
the head of my party. / have remained
silent for many months in order not to
add TO this discord within our great
party. But we have reached the parting
Of the ways. / will go no further"
Vest closed with the emphatic decIara-
lion that party fealty could never lead
/ 1
IN the country. II the ST. Louis chamber
'f commerce wanted some one to helm
oward that end they would have to find |
'ome one else.
Wolcott said this was just such another
'lan as that adopted more than a wear ,
md a half ago TO force the repeal of the
liver purchasing act. At that time the
ranks began their campaign with teie-
rams TO the senators. followed by in
tructions to all business men who had
oans from them that unless the silver
aw was repealed the loans would no, be
enewed. Now, as then, lying reports of I
prosperity to follow congressional action
7ere being circulated with a view 10 in
Luenc the same TO fasten the gold stand 4
rd more thoroughly upon the people. II |
be eastern banks, with their dshones.
seek TO control the legislation Of
he country they must precede their Ell :
orts BY the adoption of more honorable !
avs than those that now mark their Z
rogramme.
When sherman rose TO give hrs views
n the financial situation their Vas "a
uzz OF expectation and interest. Air.