The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-01-01

TT is," replied Cockrell emphatically.
TN 1893. In response to a telegram sent
by me to Secretary Foster. he replied
first treasury notes had been redeemed
by him in gold In 1891"
"I am talking about greenbacks,"
said Hill. Have not all the secretaries
OF the treasury redeemed these notes In
gold since 1897"
"Greenbacks were never presented"
said Cockrell There was no demand
for gold and that can be shown on the
record. The senator from Ohio (Sher-
MANI since that time proposed to re-
deem and retire every one of those
greenbacks with silver dollars. and his
amendment to that effect is here on
record In which he proposed TO substi-
tute for the greenbacks silver notes:
and in addition to that I want to say
that Secretary Carlisle on January 2.
1895. stated before the house committee
on appropriations that II in the begin
ming the secretary OF the treasury had
exercised his discretion Of paying either
In gold or silver. IL would have opera
ted well and would have been of great
benefit"
In answer to Hill Coclxreli said he did
not know whether Secretary Foster
had redeemed greenbacks In gold.
you said II had not been done"
mot on demand" said Cockrell II
repeat that no secretary of the treas
ury until 1891 ever yielded the option to
the holders of the United States notes"
but the United States notes were
redeemed In gold"
mot at the option OF the holder. The
option was never given to the holders
until 1891"
At the conclusion of Mitchelrs re-
marks his resolution was referred to
the finance committee.
Stewart recalled the fact that at
dinner at Delmonico's. New York. on
Nov. II. 1891. Secretary Foster had de-
clared that he would redeem United
States notes in gold and that President
Harrison In his annual report the same
year had said that the policy of the
treasury department had done much to
restore confidence In the country.
Elkins, at the conclusion OF Mitchell's
remarks, asked for the immediate con-
sideration of a resolution declaring II
10 be the sense of the senate that no
bonds of the United States should
be sold at private sale or by private
contract. but that they should be ad-
vertised and sold TO the highest bidder.
"As that resolution would seem to
reflect on the senator from Ohio. who.
when secretary OF the treasury. al
ways disposed OF bonds by private con-
tract. and as he is now absent. think
the resolution should go over" said
Hill.
'I do not understand how the resolu-
tion can reflect on Sherman" said FL
kins.
II cannot make It palmer" replied
Hill.
The resolution went over.
Nelson addressed the senate on the
great financial question. maintaining
that the outward flow OF gold could not
be stopped until the balance OF trade
was in our favor. and that the result
could not be obtained without an ade-
quate increase OF the tariff. He
thought the banks should bear their
share OF the burden OF maintaining
our vast paper currency on a parity
with gold. When he took his seat Ell
k.ns renewed his request for the I'M
mediate consideration of his resolution.
but Hill objected and at 2:25 the senate
adjourned until Friday.
In the House.
Washington. Dec. n.-The last ses-
sion OF the house for the year 1895 was
a purely formal meeting lasting but a
few minutes. Chaplain Couden. In
prayer. asked that party contentious
might be buried and that the nation
might advance with the motto: "One
flag, one country. one God forever"
and concluded: with malice toward
none, with charity for all, let our ma
tion stand an example to all the world
with justice written on her brow"
Mr. Noonan, the only republican
member from Texas, made a correction
in tifo<1ournal to show he had voted
for the two revenue bills last week. AT
1915 the house adjourned until Friday.