The San Francisco call., 1896-01-16

party to pay the public debt and to keep
the resources of the country from being
incumbered by taxation.
"Shall we now," he exclaimed, "turn
around, retrace our steps, establish, for
tify and keep q moneyed aristocracy in
this country and stop the vain effort to
maintain free institutions and transmit
them unimpaired to our children?'
Mills stated that the Government had
always made its bonds redeemable after a
certain time, or at its pleasure. "But
now," he continued, 1--WE hear our Presi-
dent and our Secretary of the Treasury
asking not only for bonds, but bonds to
be sold for gold-for long time bonds"
"Fifty-year bonds" Cockrel CD of
Missouri prompted.
''Fifty-year bonds," Mills repeated.
"That means $4,000 years. 1t means a
debt never to be paid. The party" he ex-
claimed passionately, that dares to go
before the country in the coming cam
paign and that has the honesty to write in
its platform that it is in favor of maintain
ing public debt as pedestal on which to
build National banking system will be
swept out of existence with a storm Of in
dignation."
Mills closed his speech at P. NJ, and
then the bond bill, with the silver substi-
tute reported from the Finance Commit
tee, was taken up and PETER (Pop.) ad-
dressed the Senate. PETER yielded the
floor temporarily to Pugh Cd of Alabama,
who offered a joint resolution declaring,
after many whereases, that all the bonds
Of the United States issued under the act
of March Is, 1869, July IA, 1870, and Janu-
ary IA, 1875, were payable, principal and
interest, at the pleasure of the Govern
nent IN standard silver dollars. He said
that the joint resolution was an exact copy
of the Stanley Matthews resolution, which
passed both houses in 1873 by two-thirds
vote, and that he would ask vote on it
tomorrow without debate.
For a public officer. PETER declared. to
assume authority to bond the people of
the whole country without specific act
of legislative authority was a great public
crime. 1t was not his business nor his
purpose to intimate that there was any
improper motive on the part of the Presi-
dent or the Secretary of the Treasury, or
that they did not believe that they were at
least justified by the language of such
statutory provisions as they could find, to
do what they had done. Nevertheless he
belieyed-and he thought he would make
it appear-that there had been no need of
haste and they had been simply bowling
the head little lower to the power which
was cursing the people of the country and
the people of the world. He cast some
ridicple upon the argument as to the
maintenance of the parity between gold
and silver and said:
when the Populists come into power
we will arrange that parity satisfactorily,
at least to some people"
THAT will be" Hoar (R.) of Massachu-
setts remarked, latter the millennium
"The millennium is approaching now,"
said Peffer, confidently, $50 that We will
not have long to wait.
II am afraid" Hoar remarked, "that
the coming in power of the Populists will
be after the times spoken of IN the Revela-
ton, when the millennium is over and
when Satan will hold forth
I'VE are the revelators," Peffer ex-
claimed, and then he went On with his
speech. After he had spoken two hours
and quarter Peffer said he would prefer
10 go on with his speech tomorrow. On
the motion OF Walcott (R.) of Colorado it
was agreed that when the Senate adjourn
tomorrow it adjourn till Monday next.
Pugh Cd of Alabama stated that on
account of the absence of several Senators
he would not call Up his resolution (the
Stanley Matthews measure) until Monday
next. After a short executive session the
Senate at 4 :25 P. NJ. adjourned until to-
morrow.