The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-06-04


brought stability. As TO the seignioragc
from silver, Mr.. Allison showed that
seigniorage could not arise until after the
silver was coined. The mint capacity
was restricted to $4,000. 900 a year, anC
that on that amount the seignOragt
would belimited to So 000,0O0 or $4,000,
600, so that, he said senators were play
ing here with the great question Of the
governments paper money. They were
running the hazard of going back in
thirty days to paper basis not CONVEX
tible into coin.
In sharp colloquy with Mr.. Butler
Mr.. Allison declared his opposition 10
fiat money, and to the indirection by
which the pending bill sought to fake a
step towards free coinage without wait
ing for Legislative action.
II believe that the United States cal
not open up its mints to the free com
age of silver without becoming a mono
metallic nation; that it can not take this
step without agreements with other ma
tions. and | will continue to vote against
the free coinage Of silver at ii to l. by
this country alone"
Mr.. Chandler deprecated the spirit and
manner of the authority of the senator
Butler who had made threats and had
talked Of revolution and bloOdShcd.
Mr. Butler rose to disclaim such utter
ances.
Mr. Chandler insisted that the sena-
tors language had conveyed indirect
threats and had tended to revolution and
bloodshed.
Mr. Chandler held up "A newspaper,
which he said was published by Mr.. But
Ter in North Carolina. which contained
extreme and violent attacks on Senator's
Hill and Sherman and others with whom
Mr.. Butler was in daily intercourse.
Mr.. Chandler declared that the prcsi-
dent and secretary of the treasury were
men Of sterling integrity, standing as the
representatives of the credit of the gov
eminent. No one charges misappropr-
alton or embezzlcment of the funds raised
by the sale of the bonds
81 am thankful that two-thirds of the
senators on this side of the chamber"
said Mr.. Chandler. twill vote against
this bill, and | ask senators who partici-
pated in the election of President Clevc-
land and who are of the party Of John
G. Carlisle to join with us in at least one
patriotic vote to protect our honor and
credit"
Mr.. Teller pointed out that the pend
ing bill had no connection with the free
coinage of silver. He denied also the
right Of Mr.. Chandler to speak for the
Republican party in favorng a continu-
ance. of bond issuing. The American
people, he believed. were not in favor of
Increasing the public debt in the time of
peace.
Mr.. Teller referred contemptuously to
those Ecclesiastical rharisces" who de-
claimed that they were the only ones
willing to protect the honor and credit
of the country. The senator declared
that the silver question: whose death and
burial had been predicted. was most
lively corpse. State after state had de-
clared in convention for silver. The
great Democratic party was ready to in
scribe on its banner. Gree Silver Coin
age"
There were states in the west which
had furnished senators and representa-
tives to swell the majority in both |
branches of congress.
"What the Republican party will do
ut St Louis. ] do not know" said Mr.. |
Teller. "but | believe | know enough of |
the sentiment of the west and of the plain
people Of the country to say that the
party will inscribe on its banner. "The
gold standard is doomed to defeat
Mr.. Burrows of Michigan opposed the
bill on the ground that it was n virtual
repeal of the resumption act, which act
the paper money of the govern
ment The enactment Of this bill would
bring about n raid on the treasury with
greenbncks, in anticipation of n suspcn-
sion of specie payment If the exercise
of the bond power had not been resorted
to by the present administration the
loo. Of the treasury would have been
closed.
Before would vote for bill carrying
such dishonor.' exclaimed Mr.. Burrows,
~ had rather thousand times that the
had gone down in the awful
storm of war. will never raise my hand
to remove the last prop that sustainss the
credit of my country" (ApplauseD
Mr.. Palmer of Illinois urged that the
bill sought to accomplish free silver at
the cost of the credit of the country.
1t was 6:3O o'clock when the voting
began and ut that hour the senate gal
leres had been almost deserted by the
crowd. which waited vainly through the
afternoon.
The presiding officer. Mr. Faulkner,
directed the reading of the amendment
If Mr.. Aldrich. introduced early in the
lay, allowing bond issues in an emer-
;ency to sustain public credit.
Mr.. Allen moved to table the amend
nent. 1t was n test of the two oppos-
ng elements. The amendment was
abled, yeas 80, nays %. the individual
vote DelnR luentlcal Wltn lnul on Ine
inal passage.
Mr.. Aldrich offered another amend
nent providing that nothing in the act
shall he construed to impair the obliga-
ions of the United States to redeem in
,oin outstanding United States legal
ender notes and treasury notes, nor to
'estrict the authority of the secretary
If the treasury to secure coin for their
Mr.. Mills of Texas moved to table the
which motion prevailed.
'eas 81, nays %, the vote being the same
is before, except that Mr.. Pritchard did
lot vote.
An amendment by Mr.. Hill that United
States notes when once redeemed shall
lot be reissued was tabled on motion of
Mr. Mills, 43 to -.
The negative vote was cast by Sena-
ors Lodge, Plat, Quay. Wetmore. Re
,nblicans; and Brice, Gallery, Faulkner,
Hill, Mitchell of Wisconsin, Palmer,
smith and Villas, Democrats.
An amendment by Mr.. Quay of Penn
ylvania for the redemption and cancel
alton of treasury notes and for the issue
herefor of notes payable in gold, was
aid on the table without division.
Mr. Hill moved to postpone the further
of the bill until December
text; defeated, "a to 30.
This cleared the way for the final vote.