New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-05
BELMONT TO THE RESCUE
A TIREsoME LETTER ON COINAGE BILLS
INSPIRED BY CROKER.
THE EFFORT TO EXTRIcATE MURPHY FROM THE
pprn,cAMENr IN WHICH HIS VOTE FOR THE
TELLER RESOLUTION PLACED HIM NOT
APPRECIATED 1T ALBANY-BEL-
MoNT.s ASPIRATIONS.

MONTS ASPIRATIONS
r,y TELEGRAPH TO THE TRrDusEl
! Albany Feb. 4.-There was reHia' hA''. 60
A., co. ay ~ IN. perception by prominent Demo-
! uo'. -. c,o,or Mummy has harmed their party
! =, $50, c,o,e IN an incalculable extent by Vo'i.s
| Gov the Teller resolution. Perry Belmont az VIZ
instigation Of Richard Croker, it Is saiu, Ron
| latter Yesterday addressed TO Assenipi' ' -,
ne,lv the Democratic leader In the Asse"o.'
| inc mica in mitigation Of Senator "u'p"'
| offence" ,rr.d N Of
| A. pa,r,ont has frequently been referred 10 VI
| IT,. :, Democratic newspapers as a cahoua'o i0
| tho nomination FOR Governor. WheH IL wa"
| ahou, to-day that he had written such iet'o.
| that mentioned above. the remark ""'
| heard bid for the Governorship -, oil
Az for Mr. Donnelly. he did not Seen -.
| ro,o,,,, % Mr. Belmont for having written 'iie
| tor The subject OF Senator Murphy 49,
| favor OF the free coinage OF silver Is o'o
| doesn't care to have agtated. Such he'". ,.,
! lead to a loss OF Democratic votes ht '"' '
! tons .r ,ou my no at
| Senator Cantor said to-day: i shan pay .V
| 80, -. Mr Re,n,ont's letter. because thi'h 10
| aro,.s unconsciousy tho excitement mere
o,ar senator Murphy's vote. The hepupi'oa''
or, would like 10 work up excltefhen' a"OD o
| on this tonic OF the free coinage OF siNei' 49,
| sbau not aid them in the enterprise M ~
| resolution directed against Senator "uip
| hou not discuss the silver question pu' sL'
| ~ location asking him to resign the Lesis
,a,,r. has no authority over Senator Murphy a"u'
| therefore. 1t is absurd 10 pass reso'u''0' "'
| him tc :es!<n. -, ~. Donnelv
| perbans when Senator Cantor ana hif Do'.
| hear that Richard Croker inspired 'he &C. a,,
| 49, con, 70 Albany by Mr.. Belmont they may
"as nat lev q, r. Mr. Belmont is SAID 20
49,. consulted prominent Democrats In Wash'ns
| -, rbo were alarmed over the DISASTROUS e"..' -
u,-nhv.s vote on the fortunes OF the parry III No"
York. ,.,.h-,ert
Mr. Belmont's letter caused sreai aston
| among the Gold Democrats OF Albany Ihey re-
'i'orn a,s.,rc,1v his oppos,ton TO Bryan's cleo
to-, {, 1906 and his support of Bourke COCHRAN III
bis .t,,tude CT hostility the Democratic ucAe' "
| that wear Mr. Belmont was one OF the ihoS' pio,''
nent supporters OF Palmer ana BucKhei anu "'
| nresded at a meeting in Madison square ""iuo''
wbon Mr. Cochran advised his fellow-DeHociaS
70 vote for Mckinley and not thro" away nc"
,.o,ss an Palmer and Buckner. That he shouid no"
wr,.e an apologetic letter defending Senator NUT
nhys action In voting for the Teller resou'o" was
therefore amazing. Apparently no Is WHINE ~ 49,
Senator Murphy get back 10 the Seha'e' eve"
though Murphy stands pledged 10 Vo'e ioi ''o
free coinage Of silver hoping 10 OBTAIN the De,no
cratic nomination FOR Governor 'ioue" VIZ ~
ator's assistance.
Mr. Belmont's letter is a laborous document dry
as dust, containing the argument that ihashuch as
certain Republican leaders twenty years ago Voeu
In favor OF the free coinage OF silver when IL was
worth double It's present Niiuc' SeHa'"1 N'"'P'''
action In voting TO debase the coinage now Is ex-
cusable Mr. Belmont gives an account at great
length beginning with the year 1870 OF the various
bills passed by Congress relating 10 the coinage OF
silver He conveniently forgets 10 mention the fact
that for many years the Republican party has
steadily been the uphoder Of sound currency and
the Democratic party has just steadily attempted
to debase II. He dwels upon the efforts of Mr.
Cleveland and OF Mr.. Manning 10 stop the coinage
OF cheap silver dollars. but does not state that
10 qtnTg md
sentatives resisted this policy; lie lakes pains TO
say that Mr. Mckinley, voted for the Bland bill
OF 1877, when the silver dollar bullion worth
twice as much as it Is now. and refrans from tell
Enormous production OF silver bullion and its conse
iSN to secure TO the Nation sound money Mr.
Belmont ends his letter in the following words:
II is Il mystery how and why the Republicans at
President Mckinley did in 1873. 1t may be argued
eoas but M I9Kfs 70 vSd iys
for and also to oX ,T the gold standard H9w
Credit ny OF our than dd KIN P4 hs
the two, It has come OF the device OF parity"
law Of 1899 which the Democratic National Con.
vention OF 1872 truly described as a "cowardly
party platforms in that way The Rep pub
preceded the Democrats by two weeks On the
alike. The Democratic utterances regarding bi.
metallism. similar and equal treatment Of both
dollar at all times in the markets and In the pay
ment Of debts" were substantially copied from the
Democratic platform OF 1892 and inherited in the
law Of 1893 repeating the Sherman statute II is
difficult TO what the Insertion means II II be
not pledge by Congress that every creditor OF the
Naton-not merely bondholders. but every salary
Garner. the President and the Chief Justice and
the smallest tide waitershould be entitled 10 say
I'm which of five six kinds OF dollars ne pre-
fers to be paid If not, then parity IS a mock
cry: but II parity is TO be maintained as now
and as II must be under the law then II matters
not TO the Treasury in which sort of dollars the
bonds are paid. and IT is utterly absurd to try TO