Daily capital journal. (Salem, Or.) 1896-1899, 1896-01-10

notes ~ this effect, ~ nm authoi
b izcd ~ redeem these mites either 4
+ gold or silver coin. II ~ not conyenlcn
90 redeem tie whole amount Nv gold
, and therefore I shall either redeem
half In gold and half in silver or oil
In silver, or all IN gold. as It suits my
convenience, and ~ am authorized
10 do under the law then q doT
would have been put at once 20 any
considerable demand for the redemp.
tlon Of the legal tender notes. That
is what I think about It.
Mr.. Hill-1t is not n question q, to
what policy the senator from Oregon
thinks ought TO have been pursued.
That to which I desire TO call at
tentiOn is q question Of fact--what
has been done by all the secretaries Of
the treasury since 1879; and upon that
disagree with the distinguished
senator from Missouri Mr. COckreil !
do not recall any criticism Of that
policy upon the part Of the senator
FROM Oregon [Mr. MITCHELL during
his career in the senate with reference
to the Republican secretaries Of the
treasury who pursued that course.
Mr.. Cockrcll VIII the senator from
Oregon allow me
Mr.. Mitchell of Oregon, Certainly.
Mr., Cockrcll.-In October. 1893. in
response toa telegram sent by me 10
Secretary Carlisle, he stated that the
first Treasury notes OF 1890 were re-
deemed in gold in 1891 by Secretary
Foster.
Mr., HILL assumed that the scna.
tor was not talking about treasury |
notes. We were talking about what
mr. called United States notes the
yreenbacks,
Mr.. Mitchell of Oregon was talk
Ing about both. They are both alike
so far as the power Of redemption is
Mr. HILL assumed that the sena-
vas talking about United States notes.
Now ] will ask the senator from Mis-
oui whether it Is not true, so far as (
he United States notes are concerned, {
hose which are commonly called ,
,reenbacks, that since 1879 they have {
'lways been redeemed in gold by all
ecretaries of the treasury, when gold {
las been demanded9
Mr.. Cockrell.--They were never
PRESENTED and there was no demand I
or gold, and the senator cannot show
y the records that such was the case, d
The senator from Ohio [Mr. Shermanl {
lncc that time proposed TO redeem,
etiro, and cancel every one of tho
reenback notes with silver dollars,
The amendment is here on record in '
'hich he proposed to substitute silver "
ollars for every one of the greenbacks. "
Mr., Mitchell of Oregon.-I am very
much obliged for this contribution.
Mr. Cockrell.-ln addition, wish
say that In January, lS05, Mr., Sec.
'tary Carlisle stated to the commit.
'e on Appropriations OF the House Of S,
that II In the Begin Al
ing the Secretaries of the Treasury q
ad exercised the discretion of paying TT''
silver and gold conjointly it would
ave operated well and would have :
zen great benefit, but that accord
y To all the prophecies il would be
now to to reverse the policy.
Mr. HILL should like TO ask either
le Senator from Missouri or the Sen.
or from Oregon whether Secretary
OSter did not redeem any of the
hlted States notes ngold. Willthe
nator from Missouri state as a fact
at Secretary Foster did not redeem !
y of the United States notes and re. I
em them in gold? \
Mr. Cockrell,-I do not know. Pos,
bly, he may have done so.
Mr. HILL understood the Senator
say that IL had not been done.
Mr. Cockrell.-It was not done upon
mand' and repeat il. No Secre- -
ry OF the Treasury, until October 1
d. everyielded the option to the q,
ider OF the note and paid gold re, an
rdlesS of consequences. WI
Mr., Hill.-If the Senator will allow FOL