The times., 1897-05-06
Circulation Statement.
WASHINGTON, THURSDAY. MAY s
A Glorious Achievement.

A Glorious Achievement.
TheinfamousS ry-Cleveland- p aunce-
fote -Olney arbitration treaty is dead and
buried
The action of the Senate represents a
glorious victory for the people of the United
states over the most insidious foreign at
tack upon their interests, rights, honor and
independence ever attempted AS origi-
nally prepared and presented 10 the Senate
it was designed to destroy the Monroe doc
trine, to revive the Clayton Bulwer treaty
and to render it impossible for this country
ever to build and exclusively control the
Nicaragua Canal. By changes and amend
ments most of these dangers We're
eliminated; but all the time. and up
to the moment when the treaty
finally was rejected, it contained and
carried with 1t one of the most internal
designs that satanic shrewdness could con-
ceive. This il was that made the measure
of such vital importance to the British
financial interests in England and the
United States that they have moved heaven
and earth tooompass its adoption.
The concealed purpose referred to was
nothing else than that of binding the
United states to the single gold standard
and establishing our liability 10 pay the
ternational agreement.
The danger was recognized by leaders
of the Observation-Disclosures
ing class in London, New York and
Washington that in 1900 the people
might elect Congress and an Executive
pledged TO bimetalli SIN. That ExecU-
tive might instruct his Secretary Of the
Treasury to pay the obligations of the
Government according to the face of the
contract, in awful money. Among other
things. the arbitration treaty was in
tended to provide against exactly this
contingency If it could be fastened upon
the nation the British bondholders would
be then in a position to say: I'VE win
not take lawful money, we demand gold!"
If the bimetaIlic administration should
reply: I'VE are entitled to settle with
you according to the wording of the IN
strument." they could rejoin: mo, you
are estopped from taking advantage of
the text We have the continuous prac-
tice OF your Treasury Department and
repeated official declarations of your
highest executive officers pledging your
Government to pay all national obligations
in gold coin" Under an easy construc-
ton which could have been given to
the treaty this Immediately would have
become a question of arbitration, with
what results need not be here recited.
Both theleading advocates and opponents
of the C!evela nd-olney scheme to legalize
the gold basis of the national debt have
known of this hidden meaning almost from
the start The confidential friends of the
measure were advised of it to increase
the ardor and devotion of their service.
Its enemies discovered it partly by analysis
and partly other wise-the details do not
involved in the conspiracy has occasioned
anxious days and nights to many who
have feared all the time that the power
of gold and influence might possibly tri-
umph, and that this curse might ulti-
mately be placed upon the people.
The rejection of the British arbitration
treaty is the first real victory won by
the masses over the British and American
syndicatcd money power. All honor to the
brave odd Senator who all lastwinter stood
up against the rage and coercion of Cleve-
land and Olney; against the influence and
pressure OF their henchmenin the chamber;
against the powerful lobby of the bond
holders and gold lenders, and against an
avalanche of petitions inspired by them.
To Senator John T. Morgan of Alabama, in
chef, the American people owe lasting
debt OF gratitude for comprising the de-
feat OF this miserable conspiracy