The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-03-19
FOR THE CAUSE Of SILVER.
SENATOR COCKRELL DELIVERED
AN ABLE ADDRESS UPHOLD
ING THE PALE METAL.
Representative ROBBINS RELOCATED
To Private Life-A Republican Seated
to Represent the Fourth Alabama
District in the House-The
Cuban Question.

Washington, March 13.-There was a
ment in the senate over the Cuban de-
bate gave way to Mr.. COckrells elabo-
rate speech, occupying four hours, on
the financial question. There was a
spirited reference to Cuba early in the
day, when it developed during an eX-
PLANTATION by Mr.. Lodge that the commit
tee ON foreign relations had received
from Secretary Olney a statement by
Senior Dupuy de LONE, the Spanish min
lister, giving the Spanish view of the
case. This brought out very animated
suggestions from Mr.. Hoar and Mr..
Wolcott that the senate be put into pos
session of this important testimony.
Mr. Cockrell's speech was an elabo-
rate presentation of the financial ques-
ton from a silver standpoint, so much
so that Mr.. Hoar, in the course of a
| conversation, stated that it was the
ablest silver speech he had ever listened
to.
Mr.. Cockrell occasionally left his ar
gument for very sharp personal criti-
cisms of Secretary Carlisle.
BY coincidence, Sir Julian Paunce-
fote was in the gallery when Mr.. Cock
rell closed his speech with the statement
that if we were subservient to the Eng
fish money in this country we should
haul down Old Glory, raise the gold
standard and cry aloud Long live the
queen of Great Britain and the empress
of India"
SENATE PROCEEDINGS.
Washington, March 13-The excite
brief furry over Cuba as soon as the
journal had been read in the senate to-
day.
Mr.. Lodge of Massachusetts stated
that Mr.. Sherman had made an inadver-
tent error in saying yesterday that he
UOdge) had seen Secretary Olney and
and information as to Cuba. These
papers came to the committee on foreign
relations from the state department and
included a full statement from the Span
ish minister Dupuy de LONE. This and
other papers were of such confidential
character that they could not be quoted
or made public.
Mr.. Sherman assented to Mr.. Lodges
statement, saying he recalled that the
Mt the request of the committee and
the, statement of the Spanish minister
had been read aloud to the committee
by Senator Frye. This brought Mr..
Hoar to his feet with Il surprised in
quiry as to whether the senate should
not have the benefit of this statement
of the Spanish case.
1T would be proper to lay it before
the senate in executive session." respond
ed Mr.. Sherman.
Mr.. HOar suggested such a session
and Mr.. WolcOtt added in decisive tones
that the explanations just given placed
the senate i'll most unusual dilemma.
Senators are asked" said Mr.. VOL
colt. to vote on question of fact on
testimony reposing in the breasts of the
members of the committee on foreign
relations, on testimony that can not be
disclosed to the public or to us, except
IN executive session, and these resou-
tons are to go to another chamber
which has no executive session and can
not have possession of this testimony.
l would be glad to ask whether we are
to. yield our judgment and our con-
science to the committee on foreign re-
lations?'
Mr.. Hawley Rep) of Connecticut, rose
to state briefly that he hoped some decla-
ration on Cuba could be offered on which
all would agree. He added that at the
proper time he would insist on a further
ton.
Mr.. COckrell was then recognized for
speech in support of the silver amend
ment to the tariff bill, which measure
had been in allegiance since the refusal
of the senate to adopt Mr.. Morrilfs
motion to consider it,
MIR. Cockrell called attention to the
balance in the treasury, including over
Sl23, 00000O gold coin and bullion, over
81 100000 standard silver dollars,
S117.OOO0O0 of silver bullion Coinage
value) on which the profit of seigniorage
had been $53,000,000: S14,0OO. 900 subsi-
diary silver coin. $10600O,OOO of green
backs and $30,000,000 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 Secre-
tary Carlisle and Secretary Herbert had
voted while in the house of representa-
tives for the Stanley-Matthews resolu-
ton declaring bonds payable in either
coin.
The senator referred also to Senator
Sherman as the distinguished gold
bimetallist' and read
from MIR. Sherman's utterances in 1878
when he was secretary of the treasury,
that the government reserved the legal
right TO redeem government obligations
In silver Ii the policy had been carried
out there would have been no raids on the
treasury. Executive gold payments were
4 voluntary assumption on the part of
the secretary, of the treasury. There had
been no gold raids prior to 1891 because
the silver dollar up to that time was the
watch dog of the treasury"
And it was more potent watch dog
than either the Rothchids' or the Bel |
monts,' added Mr.. Cockrell. The prop
osition OF the president to issue 80 year
bonds to retire notes, he said, was ,un-
1t was the worst financial |
that had ever emanated from
an executive Office and if adopted it |
would cost the people S2,631 900.
Secretary Carlisle had recently, in a |
speech, proclaimed himself for gold. |
There was no further effort to disguise. |
the issue being 'sound money" which |
meant absolute gold monometallism.
At 2 o'clock the regular order was laid |
aside in order to permit Mr.. Cockrell to |
proceed The galleries had wearied |
waiting for tha Cubon dobo+o and +Lo |