The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-14

WASHINGTON, March 13.-The ex-
element Of the Cuban debate gave
way in the senate today to Mr.. Cock
relrs els borate speech, occupying four
hours, on the financial question. There
was a spirited reference to Cuba early
in the day. when it developed during
an explanation by Mr.. Lodge that the
committee on foreign relations had re-
ceived from Secretary Olney a ftate-
ment by Senor Deputy de Lone, the
Spanish minister, giving the Spanish
view of the case.
This brought out very animated Sug-
gestions from Mr.. Hoar and Mr.. VOL
colt that the senate be put into pos
session of this important testimony.
Mr.. COcl1relIS speech was an elabor-
ate presentation of the financial ques-
tion from the silver standpoint, SO
much so that Mr.. Hoar, in the course
of an inquiry said that it was the
a blest silver speech he had ever lis
tened to. Mr. Cockrell occasionally
left his arguments for very sharp per-
Sonai criticisms on Secretary Carlisle
BY a coincidence, also. Sir Julian
Pauncefote was in the gallery when
Mr.. Cockrell closed his speech with
the statement that If we were to be
subserviene to the English money in
terests 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.
THE PROCEEDINGS.
Mr. Lodge of Massachusetts stated
that MI Sherman had Fnade an in
advertent error in saying yesterday
that he dodge had seen Secretary Oh
ney and secured private papers and
information as TO Cuba. The papers
came to the committee on foreign re-
lations from the state department and
Included a full statement from the
Spanish minister, Dupuy de Lone. This
and other papers were of such con-
fidential character that they could not
be quoted or made public
Mr.. Sherman assented to Mr.. Lodges
statement, saying he recalled that the
papers 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 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" re-
sponded Mr. Sherman.
Mr.. Hoar suggested such session.
Mr.. Wolcott added IL decisive tones
that the explanations just given placed
the senate in a most unusual dilemma.
The senators are asked said VOL
colt TO vote on a question of fact on
testimony ieposing in the breast of the
members of the committee on foreign
relations; on testimony that cannot be
disclosed to the public or to us except
in executive session, and these resolu-
lions are to 90 10 another chamber
which has no executive session and
cannot have possession Of this testi-
mony ! would be glad to ask whether
we are to yield our Judgment and our
conscience to the committee on foreign
relations"
Mr.. Hawley (Conn). rose TO state
briefly that he hoped some declaration
on Cuba would be offered on which all
would agree. He added that at the
proper time he would insist on further
conference on this particular declara-
tioa
Mr.. Cockrel was 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. Morrill's
motion TO consider it.
Mr.. Cockrell called attention to the
balances in the treasury, including
over S123. coo. 600 gold coin and bullion,
over S24. 600 600 standard silver dollars,
SlIf O0G,0 600 If silver bullion coinage
valued. on which the profit or seignior-
age had been S53 900. 900: $4,000 600 sub
sidiary silver coin: $106. 000, 900 of green
backs and $50. GOO. COO of treasury notes
Of 1890 Our bon $, the senator main
tanned. can be paid as well in silver as
in gold. and he called attention to the
fact that Secretary Carlisle and Secre-
tary Herbert had voted, while in the
house Of representatives. for the Stan
icy Matthews resolution declaring
bonds
PAYABLE IN EITHER COIN.
The senator referred also to Senator
Sherman as that distinguished gold
lnonometallist- bimetallist," and read
from Mr. Sherman's utterances in 1878,
when he was secretary of the treasury
that the government reserved the legal
right 10 redeem government obligations
in silver If this policy had been car
Tied out. there would have been no
raids on the treasury. Exclusive gold
payments was 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 a more potent watch
dog than any of the Rothschilds or the
Belmonts,' added Mr.. CockrelI
The proposition of the president to
iss1e fifty years bonds TO retire notes,
he said. was undemocratic 1t was the
worst financial proposition that had
I'd AZ