The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-03-14
COCKRELL ON SILVER
His Support of the Amendment tc
the Tariff Bill.
HE'S SEVERE ON CLEVELAND
The Cuban Debate Gives WAY for
the MIssourian to Express
Views on the Question
of Bimetallism.

error In saying yesterday that he
Lodge) had seen Secretary Olney and
secured from him private papers and
information as tc Cuba. The papers
came to the committee on foreign rela-
tions from the state department, and
included full statement from the
Spanish minister. Dupuy de LONE
This and other papers were of such a
confidential character they could not
be quoted or made public
Sherman assented to Lodges state
ment, saying he recalled that the pa
pers came from the state department
at the request of the committee and the
statement of the Spanish minister had
been read aloud to the committee by
Frye.
This brought Hoar to his feet with a
surprised inquiry as to whether the
senate should not have the benefit of
this statement of the Spanish case.
1T would be proper to lay 1t before
the senate in executive session" re-
sponded Sherman. Hoar suggested such
a session.
Wolcott added in decisive tones: 1.-The
explanations just given place the SEN
ate in a most unusual dilemma. The
senators are asked" said Wolcott. "to
vote on a question of fact on testimony
reposing in the breasts of members of
the committee on foreign relations; on
testimony that cannot be disclosed TO
the public or to us except in executive
session, and we cannot have possession
OF this testimony 1 would be glad to
ask whether we are to yield our judg-
ment and our conscience to the COM
mittee on foreign relations?"
Hawley of Connecticut rose to state
briefly that he hoped some declaration
on Cuba could be offered on which all
would agree. He added that at the
proper time he would insist on a fur
ther conference on this particular dec
| laration.
Cockrell was recognized for a speech
in support of the silver amendment to
the tariff bill, which measure has been
In allegiance since the refusal of the
senate to adopt Morrills motion to con-
slider 1t. Cockrell called attention to
the balances in the treasury, including
more than $123, 100000 gold coin and
bullion, more than $4,000, 900 standard
silver dollars, s177, 100000 of silver bull
lion Coinage value), on which the
profit or seigniorage had been S53, ,O00.-
900; S14,0OO,OO0 subsidiary silver coin;
s1O6OO0,00 of greenbacks, and $50 900, 900
OF treasury notes of 1890 Our bonds.
the senator maintained. can be paid as
well in silver as in gold, and he called
attention to the fact that Secretary
Carlisle and Secretary Herbert had |
voted, while in the house of represent
atives, for the Stanley Matthews res |
olution declaring bonds payable in |
either coin. The senator referred also |
to Senator Sherman as that distin-
guished gold monometallist bimetal- |
list" and read from Sherman's utter
ances in 1878, when he was secretary
Of the treasury, that the government
reserved the legal right to redeem gov
ernment obligations in silver. II this
policy had been carried out there would
have been no raids on the treasury.
Exclusive gold payments was a volun-
tary assumption on the part of the
secretary of the treasury. There had
been no gold raids prior to 1891. be-
cause the silver dollar, up to that time.
was the watch dog Of the treasury"
"And it was more potent watch dog
than any of the Rothschilds or the
Belmonts," added CockreIl
The proposition of the president TO
issue 50-year bonds to retire notes. he
said, was undemocratic. II was the
worst financial proposition that had
ever emanated from an executive Off
Ger. and II adopted IL would cost the
people s2.631, 200, 900. Secretary Carlisle
had recently, in a speech, proclaimed
himself for gold. There was no further
effort to disguise the issue behind
sound money" which meant absolute
gold monometallism.
At O'Clock the regular order was
laid aside in order to permit Cockrell
to proceed. Cockrell spoke of the tim
Idity of gold as a money and referred
TO the agitation caused by President
Cleveland's Venezuelan message with
4 string tied to it. That message made
the whole country tremble like Jelly. I
and the press OF New York declared
that 500. 100000 had been lost in conse-
luence.
The senator declared that the demo- :
,ratic party could not be divided by the
silver question. 1t was the pillar Of
loud by day and the pillar of fire by
night, the great constitutional beacon
'f the democratic party, the one on {
which all its victories had been won
md those who opposed IL would slough :
IN from the party. but would not di- ,
tide Il. Cockrell was particularly Sc :
Iere on what he termed the "nimsy {
,reteXts" and stuff" which Secretary !
Carlisle offered in his speeches in sup
'ort OF the gold standard. The senator
Mr. Carlisle's recent views ,
yi.h those expressed before he was
lined and wined by the Rothschilds
md BelmoIts and the bond brokers
II Wall street and Lombard street" c
Referring 10 an International none G
ary conference. Cockrel said il was !
degrading and humiliaring PROPOSE :
ion. Every self-respecting nation had ,
established It's own financial system, I