The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1896-02-01

there was no justice or fairness in requir-
ing the bonds to be paid in gold. And he
declared two or three times that this was,
on the part of the syndicate, ''bunko
game"
This view was repealed by Villas, who de-
clared that the lesser price received for
those bonds merely represented the "thin
shade of fear which the debates in Con-
gress had given rise to-" and that if there
had been any idea that the bonds would
be paid in silver the Government would
not have received for them one-half of the
amount which it did receive.
Tillman Cd of South Carolina made an
attempt to get into the discussion by ask
ing Villas as to the price of silver in the
open market when those bonds were paid,
but Villas politely though positively de-
clined to be diverted from his argument,
and he went on with his speech, the de-
livery of which occupied two hours and
three-quarters.
AT soon as Villas took his seat notice was
given by Chandler (R.) of New Hamp-
shire that at 4 P. NJ. he would move that
the Senate take recess until 1880 P. NJ.
This notice was followed by colloquy
among Senators as to an agreement for
vote on the bill, the upshot OF which was
that when the Senate broke up at night it
would take a recess until IL A. NJ. to-mor-
row, and after Morrill, (R.) of Vermont
shall have spoken the debate shall go on
under the five-ninute rule until O'Clock,
when the final vote is to be taken. The
agreement was not to exclude the Offering
of amendments or a motion TO postpone
indefinitely.
Pasco CD of Florida then addressed the
Senate in favor of the free coinage substi-
tute. He would vote for the substitute In
the hope that the former ratio OF 10 to l
could be returned to with safety. He had
not finished when the hour of O'Clock ar
rived, and then under agreement the Sen
ate took recess until 1880 P. NJ.
AT the evening session White CD OF
California supported the free-coinage sub
stitute.
The President of the United States, he
said, proposed to retire the greenbacks
and to trust the financial affairs of the
Government to the National banks. But
whenever the financial affairs of the coun-
try were placed in the keeping of National
banks or of any private banking system
free government would cease and delib-
and undisputably.
He asserted that the utter futilitv of
maintaining a gold basis in this country
would give rise to disaster and would
bring about the further concentration of
gold and all the direful consequences of
congested and inadequate currency.
He could not understand how any fol-
lower of Jefferson or of Jackson could
stand the new departure on which the adj
ministration insisted. He thought ma
jority of Senators were opposed to issuing
bonds at all. The general sentiment of
the country was that gold. obtained either
as the result of taxation or the issuance of
bonds, was not needed. But if there was
TO be gold standard, and if silver was to
be further debased, then Mr.. Cleveland
was right.
He should have authority to issue gold
bonds, and should retire all greenbacks
and Sherman notes, and the crisis would
then be reached.
He declared that it was not the aim of
silver advocates to force silver on the
Government creditors, but they believed
the debtor had also some rights. And the
time must come, he declared, when the
Government will take control of the mat
ter and will refuse to subject itself to the
public and private demands of those
whose impudent dictation it now tolerates.
At the close of Whites speech, the
Senate at 10 P. NJ. took recess until IL
A. NJ. tomorrow.