The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-01-18
MILLS nAs A cuRE.


washington, Jan. lo.--A bill hereto
! fore introduced by Senator Allen (pop..
Neb.). and then referred 10 the COM
mittee on foreign relations. TO pre-
vent United states citizens from ne
ceptinR titles or patents OF nobility
from foreign nations was reported
back Wednesday from the commit
tee adversely, and was postponed in
definitely.
The resolution offered Tuesday by
Senator Mills (dem., Tcx.) IN favor OF
the coinage Of silver and for other pur-
poses, was taken up. and Senator Mills
addressed the senate.
The real force behind the controversy
and which had been urging 4 on for years
was. he said. tie national banks. which
claimed that the preroeativo OF coining
and issuing money, which necessarily be-
longed TO the government. really belonged
10 them and that they must exercise the
prerogaflve OF contracting and expanding
the currency. and OF changing the stand
ard OF value, as might suit their personal
interests.
At considerable length and with his usual
display OF fcryor In manner and language
Senator Mills reviewed the history OF the
favor OF abolishing it--quoting from the
platforms OF political parties IN several
states against the national banks and
against bank note circulation which. he
said, cost the people sioo.000.0o0 year.
He expressed his regret at having 10
diner with the president I'm his recon-
mendation 10 cancel and withdraw govern
ment circulation and TO substitute bank
circulation for Il.
Criticising the recommendations OF the
a4.Ia
treasury notes In intercst-bearing bonds,
Senator Mills declared that that teaching
waacontrary 10 that OF all the parties who
had elected prcridents.
Stunning up the views expressed BY Jefr-
erson, Jackson, Van Buren,. Buchanan and
otEer great men OF the past. he declared
that Il had been the democratic policy from
the organization OF the party TO pay the
public debt and 10 keep the resources OF
the country from being encountered by
taxation. Shall we now" he exclaimed,
turn round. retrace our steps. establish,
fortify and keep . moneyed nristocracy In
this country and stop the vain EFFORT to
maintain free Institutions and transmit
them unimpaircd 10 our children?"
Senator Mills stated that the government
had always made It's bonds redeemablo
after a certain time, or 1T its pleasure.
"But now" he continued. 1--WE hear our
president ard cur secretary OF the treasury
asking not only FOR bonds, bonds 20 be sold
for gold. which is 10 be poured into a seivo
and 70 come back again-but for long time
bonds"
''Eifty year bonds" Senator cocl1ren
(dem., MOI prompted
''Flfty year bonds" Senator Mills re-
peated "That means 10000 years. IL
means a debt never 10 be paid. The
party" he exclaimed. passionately, that
dares TO 80 before tho country Ia the COM
Ing campaign and that has the honesty 10
write in It's platform that IL Is IN favor
OF maintaining public deb. as pedestal
on which TO build a national banking sys-
tenn will be swept out OF existence with a
storm OF Indignation.
Senator Mills closed his speech at
two y. m, and then the house bond
bill, with the silver substitute report
cd from the finance committee, was
taken up Senator PETER (pop., Kan.)
addressed the senate.
Senator PETER yielded the floor tenn
porarily TO Senator Pugh, who offered
q joint resolution declaring (after nu-
mcrous whereases) that all the bonds
OF the United States issued under the
act of March 1s. 1860; July IA, 1870,
and January Ia. 1875. and payable, prin-
cipal and interest, at the pleasure of
the government. In standard silver dol.
lars. lie said that the joint resolution
was an exact copy of the Stanley Mat
thews resolution, which passed both
houses in 1875 by two-third; and that
he would ask vote on it Thursday
without debate.
Senator PETER resumed the floor anil
proceeded with the discussion of the
bond bill. Referring To the recent call
fer bonds. Senator PETER declared that
for a public officer to assume authority
TO bond the people of the whole coun-
try without a specific act of legislative
authority was n great public crime. IL
was not his business nor his purpose 70
intimate that there was any improper
motive on the part of the president or
secretary OF the treasury, or that they
did not believe that they were at lenst
justified by the language OF such stat
utory provisions rs they could find, to
do what they had done. Nevertheless,
he believed he thought he would
make IL appear-thnt there had been
no need of haste, and they had simply
been bowling the head little lower
go the power which was cursing the
people of this country and the people
of the world.