St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-10
STEWART OBJECTS TO BONDS
THAT CONGRESS DOES NOT
AUTHORIZE.
THIS ISSUE A CRUEL MOCKERY
ONLY TANTALIZING THE
PEOPLE.
Resolution Affirming Foreign En-
croacbment I'm the Americas to
Be an UnfrfendIy Act.

WASHINGTON, Jan. 9.-The debate
on the senate free coinage substitute
for the house bond bill was again
postponed today owing to the inter
vention Of Mr.. Stewart, the Nevada
Populist, who insisted on making a.
speech in favor of the Ell1ins resolu-
ton as amended by the Butler amend
ment to prohibit the further sale of
bonds except by the express consent
of congress. The free coinage substi-
tute was called up at the end of Mr.
Stewards speech and now has the
right of way, so that the vote upon it
can be postponed no longer.
Mr.. Frye introduced a bill to re-
| convene the delegates to the interna-
tional marine conference of 1885,
In presenting some petitions from
Norfolk, Va, in favor of liberal ap-
preparations for seacoast defenses, Mr.
Daniel, Of Virginia, called attention to
the alarm which manifestly existed
in the minds of the people along the
seacoast in view of the rumors of war.
He thought their apprehensions Of
bombardment were exaggerated, but
expressed the belief that our seacoast
! dQeQudIGiY IOftlleQ
to meet any emergency.
A resolution offered by Mr.. Chan
dler Rep., N. H), was adopted in
structing the committee on immigra-
ton to inquire whether any legisla-
ton was necessary to prevent the in
PRODUCTION into the United States of
aliens imprisoned by foreign countries
in their American colonies
Mr. Baker Rep., Mass). offered the
following resolution, enunciating an
expansion of the Monroe doctrine.
Resolved, That the United States will re-
! gard 1t as an unfriendly act for any foreign
| power, without our consent by war, treaty
purchase or otherwise to extend its territor-
a "a mhllts IN the western hemisphere, ON
either OF the American continents or to or
over any of the islands adjacent thereto
winch this country deems necessary for its
preservation And the United States re-
serves the right to be the sole Judge of the
necessity Tor the maintenance Of their ma
founded on the law of self preservation, which
| from necessity adheres in and belongs to
e eieno GiVl I nation as sovereign and in
anenaDle right, and this principle is attested
| by Washington's farewell address and Presi
qent Monroes ever memorable message of
| Dec 2. 1928" ~
THE RIGHT TIME
Mr.. Baker made brief speech in adj
he said that while the countries of Eu
rope We're arranging their policies and
doctrine 1T was right and proper that
| we should declare to the world the pol
icy which we advanced and proposed
to maintain for the future peace and
preservation inviolate of the Western
hemisphere.
Mr.. Call Oem., Flag, took occasion,
before the resolution was referred TO
the foreign relations committee to call
| ATTENTION to the war which the CubanS
were so CALAMITY and successfully wag-
ing for Independence and expressed the
hope that the committee on foreign re-
latlonS would report a resolution for
| the recognition of the Cuban belliger-
| entS.
When the morning business had been
! disposed of, there was clash as to the
order of procedure. Mr.. Stewart Pop.
! New, insisted on addressing the SEN
ate on the Elkins resolution prohibit
ing the sale Of bonds except after ad-
vertisement to the highest bidder. Mr.
jones Dem., Ark, in charge of the
free coinage Substitute of the house bond
bill, wanted to proceed with the consid-
GRAFTON of that bill, in accordance with
| the notice previously given, but as Mr.
| Stewart insisted Mr.. Jones was COM
| PEELED to yield. Mr. Stewart in his re-
marks advocated the passage of the Ell
Ter, of North Carolina, prohibiting the
sale of any bonds in the future except
| with the express consent of congress.
He characterized the proposed popular
loan of the administration as "cruel
mockery." No loan would be popular
unless it was offered after the fashion
of the French loans. He affirmed that
it was not the intention of the president
to allow the people to get the bonds.
They were to go, as others had gone,
to the syndicate.
AN EMPTY OFFER.
The President said Mr.. Stewart, was
merely tantalizing the public with his
counterfeit offer of bonds. The bonds
were to go to the gold gamblers of the
syndicate. 1t was known that the en-
tire issue of bonds, he said, had been
underwritten by the syndicate that had
cornered the gold in New York. Mr..
Stewart denounced the attempt to
pass an emergency tariff bilP' which
could not become a law, and if it could
would only result in unsettling business
conditions. The plain purpose was to
keep up tariff agitation to distract at
tention from the financial distress of
the people. Not until we had free
coinage of silver, said he, would we
have financial independence from the
Rothschilds and the gold gamblers.
maintained in the United States we
would be in bondage to Great Britain.
Our golI obligations to Great Britain
averaged about $500 100000 annually.
Last year our exports exceeded our i'm
ports by 500, 100000; this year the bal
ance of trade would be against
US and perhaps $500, 1000, 00O would
have to be paid in gold to
settle our obligations That gold
could be obtained only by con-
stantly increasing our interest-bearing
debt and decreasing the power of the
people to pay. In conclusion he de-
clared that he was not in favor of
eulogizlng those who took us by the
throat in time of distress; that he was
in favor of cutting loose from all
European entanglements and of an
nouncng our financial as well as politi-
cal independence. War was preferable
to financial slavery. Party considera-
lions should be thrown to the winds.
| The principles of the Democratic party
| had gone by the board. 1t has become
the tool of one man, and that man was
the tool of Wall street. The Repub-
lican party, that started out with the
sublimest creed in the history of the
world, the equality of man, had also
gone into the Wall street camp. He
was opposed to any party that was
! opposed to the country. Mr.. Stewart
| concluded at $3.50.
Mr.. Jones Oem., Ark.) then called up
the senate free coinage substitute for
the house bond bill, but owing to the
lateness of the hour ne did not open
the debate and at $40 D. M. the senate
went into executive session and soon
| thQrpa f+lr a