The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1896-03-15
The MISSOURI SENATOR DISCUSSES
The SILVER ISSUE.
SCORES ADMINISTRATION.
" n -Four Hours speech We Eiaborately
Sets Forth the silver Question From
the white MatallIst Standpoint
Election of Senators by
Popular Vote Favorably
Reported.

WASHINGTON, March 14.-The ex-
citement of the Cuban debate gave
way in the senate yesterday to Mr..
Cockreils speech, occupying four
hours on the financial question. Mr..
Coclxrells speech was an elaborate
presentation Of the financial question
from the silver standpoint, so much SO
that Mr.. Hoar, in the course of an in
quiry, stated that IL was the ablest
silver speech he had ever listened to.
Mr.. Coclxrell occasionally left his ar
guments for very sharp personal criti-
cisms on Secretary Carlisle. BY CO.
incidence, also, Sir Julian Pauncefote
was in the gallery when Mr.. Cockrell
closed his speech with the statement
that IL we were TO be subservient 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"
Mr.. Cockrell called attention TO the
balances in the treasury, including
over Sl23, 900, 600 gold coin and bull
lion, over So4, 600, 600 standard silver
dollars Sl77, OO0,0OO of silver bullion
coinage value) on which the profit of
seigniorage had been $50, 600, 900; S14,-
600, 900 subsidiary silver coin; $780,
100000 of greenbacls and $40, 900, 600
OF treasury notes OF 1890.
Our bonds, the Senator maintained,
can be paid as well in silver as in
gold, and he called attention 60 the
fact that Secretary Carlisle and Sec
retary Herbert had voted while in the
House of Representatives for the
Stanley Matthews resolution declar-
lug bonds payable in either coin. The
Senator referred also to Senator Sher-
man as that distinguished gold mon
ometallist bimetallist" and read from
Mr.. Sherman's utterances in 1878,
when he was Secretary of the Treas
ury, that the government reserves the
legal right TO redeem government OBJ
legations in silver II this policy had
been carried out there would have
been no raids on the treasury. Ex-
elusive gold payments was o voluntary
assumption on the part of the Secre-
tary of the Treasury. There had been
no gold raids prior TO 1891 because the
silver dollar, up to that time, was the
watch dog of the treasury"
"And it was n more potent watch
dog than any of the Rothschilds or
the BelmOnts," added Mr. Cockrell
The proposition of the President to
he said, was IN Democratic II was
the worst financial proposition that
had ever emanated from an executive
officer, and il adopted it would cost
the people S2,G3l 900, 0OO Secretary
Carlisle had recently in IA speech pro
claimed himself for gold There was
no further effort to disguise the issue
behind "sound money" which meant
absolute gold monometalism.
The Senator declared that the Dem
ocrauc party could not be divided by
the silver question. IL was the pillar
OF cloud by day and the pillar OF fire
by night the great constitutional
beacon of the Democratic party, the
one ON which all it's victories had been
won, and those who opposed II would
slough off from the party, but would
not divide It,
Mr.. Cockrell was particularly severe
on what he termed the "fimsy pre-
texts" and stuff which Secretary
Carlisle offered in his speeches in sup
port of the gold standard. The Sena-
tor compared Mr.. Carlisle's recent
views with those expressed before he
was dined and wiued by the Roths-
childs and Belmonts and the bond
brokers OF Wall street ana Lombard
street
Referring to an international none
tary conference Mr.. Cockrell said IL
was degrading and humilisting prop
osition. Every self-respecting nation
has established its own financial sys-
tenn and this country was the only one
which trailed behind Great Britain
and European countries and besought
them TO come to our relief and estab-
lish a financial system for us We
threw our Monroe doctrine in the face
of England, and yet we bent the knee
TO the English gold standard and TO
ask their aid in an international con
ference