The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-06-03
bois Of Idaho. Teller Of Colorado and
Sims as delegates to the national con-

The sentiment of the great inter-
mountain states Ia for the free coinage
OF silver" declared Cannon In impas-
stoned tones. "and they look 10 the
leadership Of Henry NJ. Teller. rather
than to that Of the distinguished sena-
tor from Ohio" (Sherman). Cannon
added that any man from that section
who drew his inspiration from sherman
and Morrill, would be rejected by his
people.
At this point a report from the house
was received as to the passage Of the
river and harbor bill over the presi-
dents veto. Vest asked that the hill
and veto be taken I'D as soon az the
vote on the bond bill was taken.
Sherman objected unless an agree
nnent on the filled cheese bill was
made. Thereupon Vest gave notice
that he would move to take up the
river and harbor bin and veto to-mor-
row. Before continuing the bond de-
bate, Butler sought to have o'clock
p. m. to-day fixed for the bote on the
bond bill. but Teller objected on the
ground that the present agreement for
o vote before adjournment was ample.
Allison spoke briefly on the bond bill.
He said II was well known that the
bill could not be made a law. 1t was
agreed, he said. that the borrowing Of
money for the government was solely
legislative power. except as the stat
utes conferred that power on the
executive branch. Under the circum-
stances the adoption Of the Brown
resolution would be a repeal OF the
only law allowing the executive to bor-
row money on bonds
Allison reviewed the causes leading
up to the bond law Of 1875. which was
intended to overcome the Instability
and panic following the war. He de-
MED the assertion made during tile de-
bate that the bonds under the law of
1875 were for the sole purpose of re-
deeming greenbacks and then cancel
ling them. after which the bond power
ceased. On the contrary. he said. II was
to be a continuous power, to give sta
bility to values. No part Of the peu.
pie could be benefited by a fluctuatinG,
unstable and deprecated monometal-
lie currency. No experiment should be
made In repeating the very law which
brought stability. AS 20 the seignior-
age from silver. Allison showed that
seigniorage could not arise until after
the silver was coined: that the present
mint capacity was restricted to forty or
fifty millions a year and that, on that
amount, the seigniorage would be limit
ed to twelve or fifteen millions. So, he
said. senator's were playing horse with
the great question of the government's
paper money. They were running the
hazard Of going back to a paper basis
not convertible into coin. In q sharp
colloquy with Butler, Mr.. Allison de-
clared his opposition to nat money and
to the indirection by which the pending
bill sought to take a step towards free
silver coinage without waiting for leg.
islative action.
81 believe that the United States can
not open its mints to the free coinage
Of silver without becoming a monomet.
allie nation: that 1t cannot take thif
step without an agreement with Other
nations" said Allison. "and I will con-
tinue to vote against the free coinage
Of silver at 16 to I by this country
alone"
Chandler deprecated the spirit and
manner Of the author of the bill (But-
ler) who had made threats and had
talked Of revolution and bloodshed
Butler arose to disclaim such utter.
ances. Chandler insisted that the sena.
tors language had conveyed indirect
threats and had tended to revolution
and bloodshed. Chandler held up a
newspaper. which he said was the eau.
casian. published by Butler In North
Carolina, and which contained extreme
and violent attacks on Senators Hill
and Sherman and others with whom
Butler was In daily intercourse. As tc
the bond issues. Chandler declared that
the president and the secretary of the
treasury were men of sterling personal
integrity. No one charges a misappro-
priation or embezzlement Of the funds
which had been raised by the sale oi
bonds.
II am thankful that two-thirds Of the
senators on this side Of the chamber, .
said Chandler. will vote against this
bill. And I ask senators who partici
Cleveland and who are Of the party OF
least one patriotic vote to protect ouI
honor and credit"
Pettigrew rose to challenge O pub.
lished statement that. although an ad.
vocate Of free silver coinage, he had
agreed to support Mckinley and
sound money" In order to become q
delegate to the national convention
Pittigrew declared that the report was
false.
Teller pointed out that the pending
bill had no connection with the free
coinage of silver. He denied also the
right Of Chandler to speak for the re-
publican party In favorine q contin'
uance Of bond issues. The American
people, he believed, were not in favor
Of increasing the public debt In time
Of peace. Teller referred contemptous-
ly to those 'self-satisfied pharisees'
who detained that they were the only
ones willing to protect the honor ant
credit Of the country. The senator de
clared that the silver question. Whose
death and burial has been predicted
was a most lively corpse. State aftel
! state had declared. in convention. fol
silver. The great. democratic party wa.
ready to inscribe on its banner FIRE,
silver coinage" What the republican
party will do at st. Louis. I do no
know" said Teller: but believe
know enough of the sentiment of thu
West and of the plain people of th'
country to say that the party that in
scribes on Its banner the gold stand
ard Is doomed to defeat"
Burrows opposed the bill on tn,
ground that II was a virtual repeal o
the resumption act. Before ] woult
vote for a bill carrying such dishoner.
exclaimed Burrows. II would rather
thousand times that the country shoult
go down in the awful storm OF war.
will never raise my hand to remove tn
last prop that sustains the credit of m.
country" CApplause) Palmer urge
that fha hill saIgbf IN achieve free all