St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-03-14
ABLE SPEECH BY COCKRELL.
HE DENOUNCES THE PRESIDENTS
PROPOSITION TO RETIRE THE
ISSUE OF GREENBACkS.
THE HOUSE UNsEATs ROBBINS
Gives Republicans Chance to Air
Their Views on Southern Eiec-
tiOn Methods.

WASHINGTON, March 13.-The eX-
element of the Cuban debate gave way
in the senate today to Mr.. Cockrell's
elaborate speech occupying four hours,
On the financial question. There was a
spirited reference to Cuba early in the
day, when it developed during an ex-
planation by Mr.. Lodge that the COM
mittee on foreign relations had received
from Secretary Olney a statement by
Senor Dupuy de Lone, the Spanish
minister, giving the Spanish view OF
the case. This brought out very ami
mated suggestions from Mr. Hoar and
Mr.. Wolcott that the senate be put
into possession of this important tes-
timony.
Mr.. CockrelPs speech was an elabor-
ate presentation of the financial ques-
ton from the silver standpoint, so
much so that Mr.. Hoar, in the course
of an inquiry, stated that it was the
ablest speech he had ever listened to-
Mr.. Cockrell occasionally left his ar
guments for very sharp personal crit
icisms on Secretary Carlisle.
By coincidence Sir Julian Paunce-
fote was in the gallery when MI Cock
rell closed his speech with the state
ment that if we were to be subserv-
lent to the English money interests, we
should haul down old glory, raise the
gold standard and cry aloud: Long
live the Queen of Great Britain and
the Empress of India''
After Mr. Lodge had made his cor
rection of Mr.. Shermans statements.
MI. .Cockrell was recognized for a speech
in support of the silver amendments to
the tariff bill, which measure had been
in allegiance since the refusal Of the
senate to adopt Mr. MorrilPs motion to
consider it,
COCKRELL'S SILVER VIEWS.
Mr.. Cockrell called attention to the
balances in the treasury, inc!Gling
over $123 900 gold coin and bullion,
over $24,OOO000 standard silver dollars,
$lfI0OO,000 of silver bullion Coinage
vaiue), on which the profit or seignior-
age had been $4,000, 900; $14 0O0, 900 sub
sidiary silver coin; $106 900, 900 of green
backs and $30,O00,000 of treasury notes
of 1890. Our bonds, the senator nain-
tained can be paid as well in silver
in gold, and he called attention 70
the fact that Secretary Carlisle
and Secretary Herbert had voted
Whlle In the house of representative
for the Stanley Matthews resolution.
declaring bonds payable in eitlte" coin
The senator referred also to Senator
Sherman as that distinguished gold
monometallist bimetallist," AMI read
from Mr.. Sherman's utterances in 1873
when he was secretary of the tIeas-
ury, that the government reserved the
legal right to redeem government OBJ
legations in silver. If this po:;cv had
been carried out, there would have
been no raids on the treasury. EX.
elusive gold payments Wa; vol;1n-
tary assumption on the rart of the
secretary of the treasury. Thee had
been no gold raids prior to 1891. be-
cause the silver dollar, up to that time.
was the watch dog of the treasury
And it was a more potent watch
dog than any of the Rothschilds or
the Belmonts," added Mr.. Cockrell.
The proposition Of the president 10 is
sue fifty-year bonds to retire notes
he said,
WAS UNDEMOCRATIC
1t was the worst financial propositio,,7
that had ever emanated from an exec
utive officer, and, if adopted. it would
cost the people 1851 900, 900. Secretary
Carlisle had recently, in a speech. pro-
claimed himself for gold There was
no further effort to disguise the issue
'S'iiiu oOuio IIOHey, Wnlch meant
absolute gold monometalIism.
At o'clock the regular order was
laid aside in order to permit Mr. Cock
rell to proceed. The galleries hal
wearied waiting for the Cuban de-
bate, and the crowd gradually thinncd
out.
Mr.. Cockrell spoke of the timiditv IF
gold as money, and referred to the
agitation caused by President CIe1 e.
lands Venezuelan message with a
string tied to it, That message MADE
the whole country tremble like jelly.
ana the press of New York declared
that one hundred million dollars nal
peen lost in consequence. The sen
ator declared that the Democratic
party could not be divided by the sill
yer question. 1t was the pillar of
cloud by day and the pillar of fire bv
night, the great constitutional beacon
OF the Democratic party, the one or
which all its victories had been won.
and those who opposed it would slough
OH from the party, but would not 1,
vide It, Mr.. Cockrell was particularly
severe on what he termed the "d,msv',
preteXts and stuff which Secretarv
carlisle offered in his speeches in sun
port of the gold standard.
1t was 4:30 o'clock when Mr.. Cock
rell closed, and it was apparent that
II was too late to go on with the Cu
pan question, and the senate went
into executive session. At 6 O'clock
the senate adjourned until Monday.