Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1896-03-14
SILVERY STRAINS
Oisplacs for a Day the Senatorial
Martial Music.
PRA1sEs OF WHITE METAL SUNG

PRAI6ES OF WHITE METAL SUNG
Coetrsii Gives the Statesmen Four Ho.r.
Of Arsumess Against the Gold stssdsrd
and Seems 10 Have "Aimoss Psrsaadsa''
Hosr-Brsef bet Lively Comn,ent ON CO.
bon lsfesnstios-Psoposed Law % In
denaify Alsen siob-victinaA
Y WARRINGTON. Mnrch lL-Ths excite.
ment Of the Cuban debate gave way In
tho senate to Cockreli's speech, occupying
four hours, on the financial question.
Cockrclrs speech was m elaborate Pre-.
scntation Of the financial question from
tho silver standpoint so much SO that
Hoar In tho course Of an inquiry stated
that IL was the ablest speech he had ever
listened to. Cockrcll occasionally loft his
argument for very sharp personal crit.
icisms ON Secretary Carlisle. By . coinci.
denec, also, Sir Julian Pauncefotc was In
the gallery when Cockrcll closed his
speech with tho statement that II We wers
20 be subservicnt to the English money
interests we should haul down Old
Glory. raisc the gold standard, and cry
aloud Long 1.-Two the queen Of Great Brit
ain and the empress Of India"
Bonds Payable In White Doiiara
Cockreil called attention TO the balances
In tho treasury. including over ei23 oOO. 90
gold coin and bullion, over ga. 100000
standard silver dollars. &l77, ,Ooy 000 silver
bullion (coinaRe valuc) on which tho
profit or scignioragc had been esq, 0D0, 900,
sis,ooo.0o0 subsidiary silver coin, sio5, 600.
90 OF greonbacks and sJo, ,OOO. 900 Of treas
ury notes of lsyl. Our bonds, the senator
maintained. can be paid NJ well In silver
as In gold and he called attention to tho
fact that Secretary Carlisle and Secretary
Herbert had voted while in the house OF
representatives for tho Stanley Matthews
rcsolution declaring bonds payable In
either coin. The senator referred also to
sherman as "that distinguished gold
monometallist-bim -bimotallist' and read
from Sherman's uttcrnnces In 1873 when
he was secretary Of the treasury that the
government reserved the legal right to rc-
deem government obligations In silver.
silver tie Treasury Watchdog.
II this policy had been carried out there
would have been no raids on the treasury,
he said. Exclusive gold payment was q
voluntary assumption on the part Of the
secretary of the treasury. There had been
no gold raids Iprior to 1891, because the
silver dollar up to that time was the
watchdog Of the treasury" "And It
was n more potent Watchdog than any Of
tho Rothschilds or the Bslmonts," added
Cockrcll. The proposition Of the prcsi-
dent TO issue fifty-ycar bonds,
to rctiro nossA .hs. said, was
un.Democratic. IL was the worst fnan.
cial proposition that had ever emanatcd
from AN executive officer, and II adopted
10 would cost tho people q, ,63l. .UOO, 900.
Secretary Carlisle had recently In speech
proclaimed himself for gold. There was
no further effort to disguise the issue be-
hind sound money" which meant abso-
lutc, old mono-mctallisn.
Take. . Slap as Cleveland.
Cockrcll spoke Of the timidity Of gold
ns n money, and referred to the agitation
caused by President Clcve.nnd's "vene-
zuclan message, with n string tied to It."
That message made tho whole country
trcmblc like jolly. and tho press Of New
York declared that eioO,0CU. OOc had been
lost In consequence. Tho senator declared
that the Dcmocratic party could not be
divided by the silver question. II was
the pillar of cloud by day and the pillar
of fire mt night, the great constitutional
beacon Of the Democratic party, the one
ON which all its victories had been won,
and those who opposed 1t would slough
OF from the party, but would not divide
IL.
Cariisie's Argument All 'sstuM.-
Cockrcli was particularly severe on what
he termed the 'flimsy'' prctcxts and
'stur'' which Secretary Carlisle offered In
his speeches In support Of the gold stan