Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1896-06-06

| leading up to the bond law of 1873. which
| was intended TO overcome the jnstabllit.
and panic following the war. He denie
| the assertion made during the debat
| that the bonds under the law of 1879 Wer
for The sole purpose of redeemin@ green
backs and then cancellin@ them. afte
which the bond power ceased. on tn
contrary he said. it was to be a con
tinuous power to give stability t,
values No part of the people could bs
benefited by tiuctuating. unstable. de
pfeciated. monometallic currency. No ex
pertinent should be made in repealine the
Very law which brought stability As tt
the seiSniorase from silver. he showed
that seignorage could not arise until af
Ter tie silver was coined; that the pres
ent mint capacity was restricted to forty
or fifty millions a year and that on thai
amolnt the seisniorage would he limited
to twelve or fifteen millions 50. he said
the senators We're playing hob With The
great question of the governments pape1
money. They were running the hazard
Of going back in 81 days To paper basis
not convertible into coin. In a sharp
collGquy with Senator Butler. Senator Al
ilson declared his opposition to fiat money
and to the indirect method by which the
pending bill sought to take a step toward
lree silver coinage without waiting ftr
legislative action.
Il believe that the United States can
not open It's mints to the free coinae,.
of silver without becoming a monometaI-
nc nation: that 1t can not take this step
without agreement with other nations, =
said Senator Allison, ''and | will con-
t!nu@ to vote against the free coinage Of
silNe4' al l6 to by this country alone.
Chandler and Butier
senator Chandler deprecated the spirit
ahd manner of the author Of the bill
i;ut1e), who had made threats and had
taIke OF revolution and hoodshetI.
Senator Butler arose to discIatm such
uttcfAnces
Senator Chandler insisted that the sen
ators language had conveyed indirect
threats and had tended to revolution and
boot shed. Senator Chandler held up q
newspaper which he said was the ''Cau-
casian, published by Butler in North
Carolina. and which contained extreme
and violent attacks on Senators Hin and
sherman and others with whom Butler
was IN daily Intercourse AS 10 the bond
issues Senator Chandler declared that
the president and secretary Of The treas
lifN were men OF sterling personal inte2-
ItN, StandmS as representatives, of the
credit of the government. No one charees
lsapproprati or enbezzlement OF
the funds which had been raised by the
sale of bonds
Il am thankful that +,,.o.-rb;,,,, os t1,.,
senators an his sil;a af r,a ~ ~ :
ii 3anatn1. CbandI 'll''1,l'Ga'
this bill. And | ask the senators who
in the election OF President
tleNe land and who are of the party of
John G. Carlisle, to join with Us at least
III on" patriotic vote to protect our honor
and credit
>, ,,,+1;ol :" io7e 70 cilaI!elSe
! :, 'h@t allho4&h an
.,,r.sI = , e' 81 to;lldSe' ne hsa
,,S[,a.,, dn,1 ~ , l>'1lieN 'hu SOUND
- 11'Si % become qeleSa(e
~ l'S,''oiiai tollN eh,loff- he declared
''tsS' 9, l''e fsl'ol =, -, was iaise
''o' S1isi pointed out tht1t the
l4ls'''7 Doii' Plii If'.' no connection
- - 'ils nee c5iiiaSs OF silver
1leiie" di9o the F1&at oI Senator
: ii,til5'iei 10 SpestA lof sAe republican
'sE' III rbn laTofng a5a,; ton'lnuanfe Of bond
~ Tt'' were hot III laNof OF increasing
me pHhllc nen5 IA time OF peace.
senator eiieE referred contemp1lous-
J 20 Iilose Scli-sf'll llSlled HnaFtsees VITO
ttrit11 ihee thst lheN We're the only ones
TO protect me honor and credit
- 'llt toull1|E. the senator declared!
.@'t"t ma ne SiiNei question: whose feath ANA
!. = % q ii'7 "eSif Z, '7''iI.e'', was a most
.laraf IL, convention f,,. ,,:I,-,,, r,,,.' ~. ~.
1,,n,.r.,tic ,4,tv vas ,.a;,, - ;,s*7.,.it'
~, ~. i,anna, ..frea si1,,,,. ,.,i,,.,
'n 1j@ banner lfee SILVER eohlase.
W fat the fep"ol1Gah party VIII do a
st. Louis | do not know" said Senator
Teller, but believe know enough
D ih@ eh'lilleflS Oh lhe west and CT
he plain people OF the country to say
hat the party that inscribes on its ban
lei the gold standard is doomed to
lefeat
Senator Burrows opposed the bill on
he ground that it was virtual repeal
of the resumption act.
Before would vote for a bin carry
ng such dishonor.' exclaimed Senator
Burrows, Il had rather thousand times
hat the country should have gone down
n the awful storm Of q var. ! will never
'aise my hand to remove the last propo
iition to sustain the credit of my coun-
~. tApplause)
Senator Palmer urged that the bill
sought to achieve free silver At the cost
5f the credit OF the country.
it was $50 clock When the voting
began The presiding officer, Senator
faulkner directed the reading OF the
n the day allowing BOND issues in an