The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-14
THE SILVER BOND BILL.
Senator Morgan Excoriates Sher-
mans Financial Policies.
he COMPARES HIM WITH NAPOLEON
Representative Morse of Massachusetts
Introduces Resolutions Demanding
Protection for Armeniaus.

Washington. January Ex-senator Nor
gan's speech. on tho silver bond bill. was
| the event In tho senate today although n
sharp personal colloquy between Mr.. Hill.
Mr.. Prtchard and Mr.. Butler cnlivened
| the early hours.
Mr.. Morgan frequently addressed him
self personally to MIR. Sherman, who
sat across the aisle and for two hours
arralgned the Ohio senator for the series
of financial acts with which he was iden-
titled. At times Mr. Morgan was bitterly
personal He referred to Mr.. Sherman
| as tho Napoleon Of finance who was
near his Waterloo. and who would be
consigned to st. Helena" In the main.
| however, the speech was scholarly pre-
scntation of the silver question.
| Mr.. Hills colloauy with the North Car
Gilman brought out considerable discus
| sion OF the New York senator's present
consistency. and was amusing to the
crowded galleries for the sharp sallies
and witty rejcinders during the triangular
| debate.
| Washington. January 1s.-The vice pres
| dent today laid before the senate n letter
from the secretary OF the treasury In
reply to resolution OF inquiry presented
| by Mr.. PETER az to whether $780, 900 In
| geld had at any time been SGT apart from
other funds. The secretary states that
this had been done, there being no provi-
| IL.
Mr.. Mccall Dem, Fla) submitted a
number Of petitions In regard to Cuba,
| and asked that they he printed
Objection was made by Mr.. Plat Rep,,
Orc).
Mr., Mitchell Rep., Ore) had proposed
| a bill allowing settlers on forfeited rail-
read grants TO hold them by fencing and
improving and making actual residence
| unnecessary.
Mr.. Pritchard (Rep.. N. CO made an
address defending himself against the
charge of Inconsistency on the tariff
question made by Mr.. uill On. " last
week. and attacking Mr. HIPS record for
consistency, saying he had been repudi-
ated by the democratic party.
| Mr.. Hill In reply expressed surprise at
| having brought forth so elaborate n state
ment and said he believed that he was
| as active a member OF the democratic
party-what there was of it-as any one
He said 1t was true that he voted against
| the Wilson bill He believed in tariff
reform. but not in that way. The demo
Gratis were all travelling toward the demo-
| cratic heaven, but In different ways: the
other side WAS travelling In tile other d.
| rection
Nr Butler Pop N. c. also took excop-
| ton to Mr.. Hills statement concerning
the politics of the South and asserted that
! the cause of defections from the demo-
cratic party in the South was the be-
| trayal of the party on the financial ques-
ton" aud the opposition to an income
| tax. I'm which oDposition the New York
senator took an active part.
| Mr.. Hin was again on his feet at the
| close of Mr., Buffers remarks and replied
| ga rcastically.
Mr. Allen pop, Neb) sought TO question
Mr. Hi. whereupon the latter created n
laugh by remarking still another Rich
mond In the field"
Mr. lion prOCpadpl TO that the
democratic senators were divided on the
| tariff and income tax. Seventeen demo-
Gratis sitting on the democratic side ought
to be sitting on the other side.
| Mr.. Hi joculaily remarked that the Me-
| braska senator scattered words worse
than an old shot gun" He pointed out
that If these gentlemen Gallon and Butler)
wanted an income tax, they ought to Tro-
coed TO have one; let them introduce a bill.
| Mr. nm closed with n glowing tribute to
the grand old democratic party"
| At o'clock the personal controversy
| closed and Mr. Morgan took the floor on
the silver bond bill.
He referred to the intrigues before Ma
tional conventions and the wind shaken
platforms" of these bodies. In his iudg
ment the emergency tariff and bond bills
were constructed merely as a part of the
platform to he laid before a National con-
vention next summer and not with pur-
pose to enact them as laws
Mr.. Morgan criticized the financial
course of Mr.. Sherman while the latter
sat across the aisle giving close atten-
ton to his remarks. He referred to Mr.
Sherman as the Napoleon of Finance"
but this Napoleon was rapidly nearing his
Waterloo and his exile at st. Helena.
MIR Morgan related In detail the finan-
cial burdens which the legislation urged
by the Ohio senator had imposed on the
people They were evils which brought
a. s1a.,fa
people 1t had worked more miseries than
those pictured In the Apocalypse. HIS
(Mr Shermsns) garment was one OF many
colors in keeping with the varagated
lines of the party to which he belonged.
At the present time the Ohio senator and
the president were together In their
views. both equally oblivious to the con-
stitutional requirements and should be
on equal terms. 1t was the Ohio senator
who enacted the evil OF selling bonds 20
syndicatcs
Proceeding Mr. Morgan said: The sem
stor from Ohio is the author of five new
measures OF finance that have gwen
the people and the government more
trouble in handling the little remnant
Of t3iG, 900 00o of ereenbacks than II did
to nay $1,000 100000 expenditures for the
support Of the government and more than
SO, 900 900. 900 OF principal and In the Ma
tional debt that we have raised In the
last thirty years. These measures are
tho characterization Of silver in 1873 the
sequestration of the gold reserve IN the
treasury In 1875 the power given the Sec
rotary Of the treasury In 1890 TO preserve
tho parity between the metals: the power
to sell bonds at private sale and the
power to enable private persons by con-
tract TO dispense with the legal tender
laws in their transacticns
Mr. Morgan spoke of the admission or
the rich Jcws-Baron Rothschilds and
Lord Reaconstlc,d--to the nobility of Eng
land II vas the tendency the world over
toward feudalism. That system existed
today as much as in years gone by, con-
centratng all power and wealth in the
hands of the few gold barons. The sen
ator urged declaration OF congress In
line with a resolution once offered By
Stanley Matthews that the bonds should
bs paid In the money with which they |
were bought. He suggested also that a
10 per cent rebate on customs to coun- |
tries coming gold and silver on equal |
terms would make New York instead OF |
London tho clearing house OF the world. |
Mr.. Morgan spoke for two hours ana |
then. at o'clock, the senate adjourned |