The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-01

despot Of history, the grand khan OF Tar
tary. the great mogul. never had more
submissive subjects than the King Of tho
nor was ever tyrant more pitiiess-
or speech Is tolerated there; no party, no
creed. no business can thrive which dsrcs
TO doubt tho realm OF that monarch-the
silver king.
The business man finds II prudent to say
nothing and as for tho politician who dares
to flout his independence. woe betide him.
Where" he exclaimed, lis that sturdy
senator, the brave, unbcnctng Carey?
Where is Dolph. the strong able and IN
defatigable7 Look on the bloody Moloch
OF silver to learn their fate"
Mr.. Villas traced tho past legislation In
the Interest OF silver TO the theory OF pro-
lection. which he characterized MS vicious
and wicket.
The senator then proceeded to review
not only of silver legislation. but Of silver
production and silver coinage In tho
United States. showing that the produce
ton was small before the civil war. 81
mctallism In. ho said, u high sounding,
splendid word. II only. oimetallism; but.
alas what Ia 1t and where IL 1t? Like
dreams that wanc before tho half shut
eye. W gay castles in the clouds that pass,
forever fitting In the summer sky. It was
dancing before the vision, always seeming
to be gained. but never realized. the gilt
tering bauble has fitted on afar before tho
fabulous pursuit on which the public has
so long been conducted, not ALWAYS to
disappear save in the pleasing speech OF
silver advocates. while the realities OF
gain could I've matched by tho other and
mastering purpose.
He declared that from the beginning
practical bimetallsm had never been pro-
posed to congress He declared that SEN
ators Teller and Wolcott. as champions OF
silver, had based their contentious upon IA
protective foundation.
Referring to the claims OF the debtor
class, saying that ut best they asked to
have something taken by law from one
class for another class. he claimed that
n free coinage law would be especially
hard upon pensoners-an unspeakable and
unparalleled outrage. Indeed. such piece
OF LEGISLATION would be to sum up O gem
uine shame.
Mr. Villas pcroraton was a vivid word
picture of democracy, menaccd on the
one hand by Federalism, retuvcnated by
the republican party. and on the other
hand by that portentious cloud of party
never known In the days of democratic
Justice. charged with wild. fantastic theor-
les of social disorder and wilder schemes
of remedy, threatening, should 1t SOW
npace. no one can foretcll what violence
of social tempest.
Of Jefferson and Jackson, tho senator con-
cIuded: This party will continue on its
great career, yielding ncitnNr oh ono side
nor the other to reactonary forces Of old
absolutism or the lurtd hres OF ANARCHY
a. Mr.. Villas proceeded there were &C.
casional sharp exchanges between MN ana
other senators. Mr.. Mitchell intcrtecteI n
question as TO the bond transaction or INST
yeor Mr. Villas Justified the course then
under the eNigcncies of the time. while Mr.,
NItcier depominated the course of the
hond purchasers IN buying on tho theory
~ silver payments and yet demanding
and expecting gold payments as "hunco
game" So.
brought Mr.. Tillman OF south caroi'h" 10
his feet. en-.
market on the day OF that bond sale?"
asked MIR. Tillman.
81 decline TO chase down thht wii-o
the wisp." responded Mr.. Was. u nave
already answered thai ana refer wv
senator to tho record
"Rut would It not be well TO have the
facts right here?'' pursued Mr.. Tiliman.
mo" answered Mr.. Villas Having
answered that question l do not care TO
be diverted from my present argument
bv pursuing those incidental inquiries.
"Then you decline to answer it?' ask
cd Mr.. Tillman. as he sat down.
When Mr.. Villas closed shortly before
3 o'clock there was a short cclouuy be-
tween Mossrs Harris, Jones and Hill, re-
suting IN an agreement to vote on the
bond bill Mt 2 p. m. Saturday. Mr.. liill
reserving the right of motion to Indefinite
" postpone, lay on the table, or take up
another bill before that hour. lncidenta.
to this were propositions Tor recesa
from 4 until 1880 O'Clock today. another
I'm fitfn min n
rule of debate, except In the case OF MT.
Morrill,, and vote Mt o'clock.
With this agreement reached the de-
bate proceeded.
Mr.. Bate DEEM. TENN addressing tho
senate in the interest OF the silver
amendment said he was unable to sup
port either of the financial measures sent
to the senate from the house, as ono
emergency tariff bill increases the taxes
when II " not necessary to the support
of the government and the gold bond bill
imposes a heavy burden, both present and
future. Trade and business desired rest
from tariff agitation for at least two
years. with an existing surplus OF *i'O.-
0O0 100 In the treasury there was no 1nsu-
f,cation for another tariff agitation. Mr.
Bate quoted the assurance of the presi-
dent and secretary OF the treasury mat
the present financial embarrassHieh's
were not due to deficient revenue.
Mir. Bate commented on what he termed
the fiction of a gold reserve. IL had
created a danger signal until private cor
porations now placed gold payments IN
their bonds. The senator referred to
recent loan by Norfolk. Va, corporation
of 81. 00o.0 600 per cent forty year BONDS
payable In gold.
In conclusion Mr.. Bate commended inc
pending silver amendment as clearing
away all clouds OF doubt ana restoring
silver to its sovereign rights.
Mr.. Pasco (Dem., Fla.) follower MT
Bate In support of the silver amendment.
He said the great body OF the American
people are bimetallists and referred 10
the platform oil all parties to show that
PARTY professions were for such metals.
Mr.. Pasco resented the charge that sill
yer legislation Is In the interest OF silver
mine owners. The people of Florida had
no such pecuniary interests. The profit
TO mine owners IL merely Incidental. he
said, and expressed the belief that bi-
metalllsm would bring In It's train busi-
ness activity and commercial prosperity.
At 4 o'clock Mr.. Pasco yielded Tor me
recess, which had been agreed to until
1880 this evening.
When the senate reconvened at 7;3c
| there were only eleven members present,
| but the number soon swelled 70 twenty