The Caucasian. (Clinton, N.C.) 188?-1913, 1896-06-18

VIII IN. u.~s~ D.r. - krii a. Is.s~r.
Esp~st O. Defeat an. M~..sr. rh.r. rs
f.r- the md .f rs-s.,'. ssssies.
We present the following as an H.
lnstraiion OF how the soldeas papers
of New hork report certain congres-
sionAl proceedings. and bow the gold
bug hirelings talk about measure. IN
the interest of tue people. az i, from
the New York Herald.
by Telegraph 10 tho HrrAiA.l
HKhALD BuEE.U.
,cESrR lSTu AsD g.. SIS. y. W
N.>uIsoToS, June : issS.
There Is no longer Any doub, what
party controls the l Eiied states sen
ate. The fopulists have = majority
of seven.
some OF their men call thrns-iye.
Republicans. and some call themselves
Democrats, but their support to-day OF
senator Butler's bill 10 remove the
/ last prop which sustAins III. credit Of
the 1 nited States shows them 10 b~
Populisis of the most extreme type.
Well might senator llill exclAim, ns
the Senate ad journ-d after the passage
| of the Anti Bond bill tod save the
country"
Senator Buffers bill 10 prohibit the
issue of interest bearing bond.. and
thus make IL impossible Tor the ~-cr~-
tsry of the Treasury to obtain gold 20
redeem the obligations of the govern
| ment, was passed by vote of - TO -.
OF the men who voted for thi. popu-
lstic measure only i've ayow them
selves Populists. Ten of the Others
call themselves Republicans, snd
seventeen call themselves Democrats.
4 ha ..f la~s l..-f
nine Democrats and sixteen R-pubii-
cans. This is the vote in deisil:-
| NEAs-Messrs. A Pen, Bacon. Bate,
Berry, Brown, Butler, Cannon, Chiffon,
Daniel, Dubois, George. flAnsbrough,
Harris, Jones, of Arkansas: Jones, oI
Nevada; Mills, Mitchell, of oregon:
Morgan, Pasco, P-fier. Pettigrew,
Pritcbard, Pugh, Stewart. Teller. TIL
man, Turpie, Vest, waithall. Warren,
White, wolcott-3s.
NAYs-Messrs. Aldrich, Allison.
Brice, burrows, CAfrery, Chandler.
Cullom, Davis, Faulkner, Gaiiinger.
Hale, Hawiey, Hin, Lindsay, Lodge.
Mcbride. Mitchell, of Wisconsin /;
Nelson, Palmer, Platt, Quay, smith.
Villas, wetmore, Wiison-25.
TO BE QUICKLY KILLED.
Although there is no possibility of
the passage Of the bill in the House
and its approval by the President,
there is considerable anxiety lest it,
passage in the senate will cause alarm
in business circles and bring about a
, disastrous run upon the gold reserve.
Representative Dingley, chairman
of the Committee on Ways and Means.
told me tonight that as soon as IN,
bill reaches the Uous. tomorrow II
will be referred TO his committee
u which will report il back adversely nj
!. once, and IL IL hoped TO have the House
kill the measure before the end of to-
morrow's session.
Senator Hill, who led the fight in the
Senate against the Butler bill, said Z,
me this evening
"Business men need not be- disturbed
3 as to the consequences Of the measure
y because, practically, IL will have ns
! effect whatever. Its passage IL Of ns
y special consequence beyond the dan
o gerous spirit Of popuiism aud com
i munism which IL disclo.es, which d
= generally to be regretted.
n IF its enactment into law was im
- minent il would be the eliminating
atrocity of the session. The authorit,
y TO issue bonds 10 procure coin will
e which TO redeem our paper currency
X whenever presented, is a necessary an'
essential power, To refuse IL mean
A reputation. IL means national dis
>. honor. IL means the commitment Of I
= national crime. IL means bad faith
Under no circumstances could Tia
70 virtual repeal Of the Resumption ac
, os 1873 be justified, because its continu
J. ance upon the statute book was essen
% tial to the redemption OF our papel
n money, TO which the country wa
N pledged by the act OF lsG9.
4 WHAT THE ISSUE n.
r "The issue which the ill-adyise
,r friends of the prohibitory bond bill In
10 vite il not merely the question of god
or silver money, but the Issue Of har
10 money versus paper money: betwee
"a a redeemable and a. irred~emable "a
currency and q clamor for more none
y, and cheap money.
ID Il am not without hope and conft
a ence in the future. While IL is din
is cult TO predict the outcome Of the Chi
a cago Convention, am inclined TO bs
~ lieye that conservative counsels wi
.n prevail. III, in addition 10 other q,
treme demands, the South and We
ue shall compel the Convention 10 declaS
an in opposition TO all bonds for the prs
r. seryaiion OF the public credit, and !
ly favor Of the mainte nance Of a paps
q. currency without any adequate mear
i'll OF redemption being provided, the
he might as well 20 further and recon
l. mend q populistic income tar, the nj
= sorption OF official ownership Of raj
iio roads by the government aud ever
m other measure Of paternaiism M
re socialism which the Populists fayo
ITS and prepare TO encounter great %
as tional defeat, equal 10 that Of 1850.
ow RULE Or KUIx.
lr. "The spirit of rule or ruin 10 beir
re manifested. IL IL IsGi over agai
ed The first mistake which the admin
is trafion made was in 1894, when
re virtually yielded 10 the popuiistic d
=; mand for an income tax TO be incorp
rated in a Democratic tariff bill. Tn
car was a serious, IL not q fatal, blunds
iai The Democratic party has not recoye
en- ed from that blow. These dangcro
INT demands should have beeu resisted ai
rer defeated then, and there would be IL
of difficulty now.
.ed "There IL no law against polite
HE party committing suicide, but j tr1
- before July wiser counsels than o
now apparent will prevail. TO-DAY
u.s. business was bad business indeed.
was impolitic, unwise and alms
lot criminal IL was the result Of pop
ion ,listic-free-silver-Re -Republican-and-Ds Ds
fe, ocratic combine, and il has tempora
he ly triumphed. bns the great busins
in world, knowing the impotency Of
~ action, will move on just the same
be AGesA Motto