New-York tribune., 1896-02-01

policy upon international exchanges. and that
when this country fixed the ratio and entered upon upon
force itself into recognition in other nations E..
favor Of the free-conage substitute but he had not
finished his speech when the hour OF o cioSk S al.
rived. and then. under the agreement. the sen"'e
took recess til 7:3o p. m.
THE NIGHT SESSION.
When the Senate resumed It's session at 30 the
attendance was small. but gradually the number
sweed until half an hour afterward there were
twenty-five Senators present The galleries were
well filled
Mr. Pasco ODem.. Fla) resumed his speech where
ne had left off the close Of the afternoon session
and continued 1t 10 the end. which was reached at
sos
Mr. Palmer (Dem nl) gave notice of an amend
ment declaring IT TO be the policy OF the United
States 10 maintain the parity between the god ana
silver dollars and 70 maintain the equal power Oh
both gold and silver in the markets ana ID 'he pay
Of debts II directs the Secretary OF the Treas
ury to exercise the discretion vested in him so as IN
his judgment better advance and promote the pol
icy thus declared
Mr.. Cafery (Der,, Ia) addressed the senate IN
opposition to the free coinage substitute lie ad-
mitted that there remote danger OF the SILVER
movement succeeding: but he thought that 1t was
fraugh; with more evils than the imagination could
portray lie hoped that the discussion going on IN
Congress. the hustings. in the press. In the lee
ture-room. and in periodicals. would dispel the IL
fusion which had captured the judgment OF a large
portion OF the people lie would adhere TO the pres
ent standard the standard Of the civilized world
with silver as subsidiary coin and with its present
legal-tender quality. - WI,
Mr. Caffery was nerrogated by Senators Daniel
(Dcm., Va and Harris (Dem.. Tenn as to point
made by him that at the time Of the demonetizau,oh
than the gold dollar tie denied their assertion that
silver had been DESTROYED by that act, ana sai1
IN the United States since then than had been
coined in all the preceding period from 1872 he
declared that country in Europe had ever
denonetzed gold but in that assert on he was con.
tradcted by Mr.. Mitchell Rep., Cre( VINO sald
that Germany had demonetized gold. ana ny MT
Teller (Kep.. Col) who said that Holland had also
done
Mr. White Deln CaD supported the free coin
ne said. proposed to retire tho greenhacks ana 70
the financial affairs Of the Government TO the
fairs of the country were placed in the keeping Oi
National banks of any private banking system
free government would cease and dennerate ma MAJ
feasance would rule imperiousy and lndsputabIE.
He asserted that the utter futility OF maintaining
gold basis in this country would give rise TO as
aster and would bring about the further concen-
tration of gold and all the direful consequences
OF inadequate currency. He could not under-
stand how any folloyers of jefferson or Jackson
ministration insisted. He thought that majority
of Senators opposed to Issuing bonds at all
gold. obtained either as the result OF taxatoh or
the issue Of bonds was not needed But II there
was 10 be gold standald. and if silver was TO oe
He should have authority 10 issue gold bonds. and
should retire all creenbacks and sherman notes ana
the crisis would then he reached He declared that
il was not the aim Of silver advocates to force
silver the Government creditors but they ne,
jieved that the debtor had also some rights And
the time must come, he declared. when the Govern
mcnt will take control of the matter and Will refuse
10 subject itself to tho public and private demands
At the close Of Mr Whites speech the Senate
at 10 p. m took recess until II a. m tomorrow