Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-03-26
FOR FREE COINAGE.
Senator Cocren, of Missouri As.
sails Carhsle's Record.
Also the Financial Policy of the Admins.
tr7tion-Comparison of the Treas
my secretary's Past and
Present.

WASHINGTON, March II. = Senator
.ockrei, of Missouri, spoke yesterday
IN the senate in favor of the freedom.
age substitute of the tariff bill.
The senator had the proceedings of
the senate practically to himself. He
spoke for four hours and fifteen min.
uses- The speech had been expected
.or some days, but scarcely anybody
ceheveo That 1t would occupy SO much
time in delivery.
ne made an elaborate argument in
favor of the free coinage of silver at
the ratio OF J6 to 1. He had espeech
written out, and read it with great
care and force. His desk was covered
with books and pamphlets and reports
ana newspaper extracts, all of which
ae read or referred to from time to
time The senator had a splendid audi
ence In the gallaries. the crowd hav-
ing expected continuation of the Gu
oan debate. The senator's speech was
to great extent history of financial
legislation in the United States. He
began at the beginn ing and devoted a
good deal of time to the Crime of ia
He criticised in unmeasured terms
the policy of the administration and
raked Secretary Carlisle fore and aft.
As historical review of the coinage
question from the standpoint of the
extreme silver men, the speech VII be
useful, and it is understood that no
time will be lost in sending it to Mis-
souri, in time to educate the masses be-
fore the converting of the Sedalia con-
vention,
. 1enator Cockrell devoted a great
deal of attention to a review of the
legislative career of Carlisle, Herbert
and Wilson of Mr.. Cleveland's cabinet,
and brought out in bold relief the fire.
quent votes of these gentlemen as
members of the house or senate in
favor of the free coinage of silver.
Secretary of Agriculture Morton was
an interested listener during the last
hour of the speech.
Mr.. Cockreu called attention to the
balance in the treasury, including over
S123, 600, 900 gold coin and bullion, over
S2i,0J0,0O0 standard silver dollars,
S197, 100000 of silver bullion coinage
value), on which the profit of seignior-
age had been $50, 900, 900; S14, 900, DOG
subsidiary silver coin, S1O6, 900, 900 of
greenbacks and $50, 900, 900 of treasury
notes of 1890.
Our bonds, the senator maintained,
can be paid as well in silver as in gold,
and he called attention to the fact that
Secretary Carlisle and Secretary Her
bert had voted while in the house of
representatives for the Stanley Mat
thews resolution declaring bonds paya-
bic In either coin.
The senator referred also to Senator
Sherman as that distinguished gold
monometallist bimetallist," and read
from Mr.. Sherman S utterances In 1878,
when he was secretary of the treasury,
that the government reserved the legal
right to redeem government obliga-
tons in silver. If this policy had been
carried out there would have been no
raids on the treasury. Exclusive gold
payments was a 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
watchdog of the treasury"
And it was a more potent watchdog
than any of the Roth schilds or the Bel
uonts," added Mr.. CockrelL
The proposition of the president to
issue 5O-year bonds to retire notes, he
said, was undemocratic. 1t was the
worst financial proposition that had
ever emanated from an executive OIL
Ger, and if adopted it would cost the
people sa,631 100000. Secretary Car
Isle had recently in speech pro-
claimed himself for gold There was
no further effort to disguise the issue
behind sound money!" which meant
absolute gold monometallism.
At two o'clock the regular order was
laid aside in order to permit Mr.. Cock
reu to proceed The galleries had
wearied waiting for the Cuban debate
and the crowd gradually thinned out.
Mr. Cockrell spoke of the timidity OF
gold as money, and referred to the
agitation caused by President Cleve
lands Venezuelan message with q
string tied to it. That message made
the whole country tremble like jelly,
and the press of New York declared
that SIOO, OOO, 600 had been lost in con
sequence
The senator declared that the demo
cratic party could not be divided By
the silver question 1t was the pillar OF
cloud by day and the pillar of fire by
night, the great constitutional beacon
OF tue democratic party, the one il
which all the victories had been won
and those who opposed it would slough
eff from the party, but would not di
vide il.
Mr.. Cockrell was particularly sever,
ON what ne termed the '.fimsy pre-
texts and stuff which Secretary
Carlisle offered in his speeches in sup
port of the gold standard
The senator compared Mr. Carlisle
recent views with those expressed 'be
fore he was dined and wined by tn,
Rothschilds and Bellnonts and tn.
bond brokers of Wall street and Lom
bard street.
Referring to an international none
tary conference, Mr.. CockreQ said j
was degrading and hnmiliatini
proposition. Every self-respecting ma
lion has established its own fnancia
system, and this country was the onl!
one which trailed behind Great Britain
and European countries and besough
them to come to our relief and estah
Ish a financial system for us w
threw our Monroe doctrine in the fac
of England, and yet we bent the kne'
20 accept the English gold standar'