Mexico weekly ledger., 1898-09-29

Republican and cannot be ignored. and
perhaps the court martial with which
he is threatened will elicit the truth,
even If Bailey still continues TO dress
in o way not pleasing to the art critic
Of the Washington Post. And, then,
there's Rooseyeit-Colonel Theodore.
commander of the gallant rough riders
who was rebuked by Algerl Think
Of that-Roosevelt, who is spoken of
favorably for the Republican nomina-
tion for the presidency in 1s04i He
can't be muzzled, and he's dead against
the Alger gang. Perhaps his evidence
will be considered as raising o graver
issue than the fashion of any mans
garments.
As tho great crime charged against
the Democrats In congress by Republic
an demagogues is the fact that we al
most unanimously voted against ''the
war revenue bill, so called, which con-
tanned the provision for issuing $780,
600, 900 in bonds Ipropose by quotations
from leading Democrats to prove that
our action was not only wise, but emil
nently patriotic. In discussing the bond
feature Mr.. Bland said:
Mr. .Biand's Views.
MIR. CHAIRMAN.-The proposition that meets
with the greatest objection on this side OF the
house ia the proposition to issue bonds to the
extent Of $500. 000, 100 at this time, because We
are not emily opposed to increasing our interest
bearing debt unless under extreme. cireum-
stances, but because we do NOT believe that the
time will ever come when In q war with a fifth
rate power like Spain we must appeal to that
extreme measure to support our armies in
their operations.
Iregret, Mr.. Chairman, that 1t has been said
upon the other Size Of the house that we upon
this side Of the house have entered the domain
Of politics because We have brought forward q
proposition to utilize q part OF the assets OF tho
government now lying idle in the public treas
ury In the form OK silver. which. according to
the gentleman's statement, is an exploded idea
and one vetoed by Mr. Cleveland in a former
congress-
We do not expeat, Mr.. Chairman, that great
economic questions can be discussed in time Of
peace or in time Ct war or under any oircum-
stances without creating divisions In this
house, according to the theory of those who
entertain political views which are autago-
nistio. We do not expect our Republican
friends to proceed upon the line Of the views
that we entertain upon public questions and
political economy. They believe differently
from what we do. They are the advocates Ct
q political economy entirely ~antagonistic to
that entertained by this side Of the house. and
we will not accuse them Of being partisans in
o sense that will impugn their patriotism be-
cause they are proceeding upon the line Of po
iitical views entertained by them. We know
that not only In times Of peace, but in times
of war. the Republican party favors an inter
est bearing debt. They are the advocates Of
bond issues.
A Republican Fable.
The Republicans now make the pre-
tense that the war made the issue OF
bonds necessary, all of which was a
fable, to use NO harsher word.
To show that the war necessity was
merely the pretext for doing what they
had always wanted and intended to do
Mr.. Bland said:
The secretary Of the treasury made o report
long before any war was contemplated looking
to further issues Of bonds for the purpose Of
sustaining his political financial views, an i'm
mense bonded debt for the purpose Of forming
q basis for national banks and national bank
issues, In contravention Of our theory that
issues of paper money should be directly from
the treasury and by the government. We did
not expect them to bring forward q bill here
tor the coinage OK t9S,VOo,Uu OF EllTof pulllon
lying idle in the treasury, because they de-
nounce the silver dollar as dishonest. We ex-
pect them to proceed upon the line Of bonding
the people Of this country, no matter whether
in war or in peace, for the purpose Of carry
ing out their peculiar financial views. There
fore they must not suppose that we are ready
now or will be hereafter to surrender our
views upon publ, questions and political econ
omy in order to follow them. II we are to lay
the question Of party politics, we invite
them to come to our proposition but we do
not expect that.
Tho Geld Bond Question.
In the next place, Mr.. Bland took a
whack at that other fable which is for
ever on the lips of the gold monometal-
lists-to wit, that nothing but gold
bonds can be foated in the markets of
the world-as follows:
Now, Mr. Chairman, what Ii this bond Ques-
tion2 These bonds are made payable in coin.
The act Of July IA, 1870, authorized the issue of
coin bonds, and all the bonds issued by Presi-
dent Cleveland were predicated upon that act
It provided that the bonds should be paid In
coin of the weight and fneness Of the coins at
that day, at which time both gold and silver
had free access to the mints of this govern
ment, the silver dollar the unit Of account
Both had free and unlimited coinage at the 1 u
klO VI III " Is &AObo C4o e = vi
upon a bimetallic system. But what does this
bill dor Does it provide that this coin shall
be Of the standard value Of that date? These
bonds will be Of O different character In every
respect.
MI. BANDS clear and unclouded in
tellect could not be deceived by the
phrase ''coin bonds as to what the real
intentions Of the Republicans were
namely, to have bonds which are prac-
tically gold bOnds-for the bondholders
and would be bondholders were deter
mined to have that sort Of bonds, if pos
eible, legally or illegally. OF course v-
cry man of intelligence knows that there
is no law for gold bonds. Only the un-
lawful action Of various administrations
has made coin bonds mean gold bonds.
On this head M. Bland said:
TIE Coin Meant.
Tn coin which is meant will be coin as In.
terpreted now when the mints are closed to
the coinage Of silver, except hat particular
part that is now in the treasury as bullion,
ton, the executive and the treasury depart
ment insist that the silver dollar Is dishonest
money and cannot be paid as coin upon thess
bonds, either principal or interest; knowing
as we do that but a short time ago the Repub-
lican majority in this house sustained that
proposition by voting down q resolution de-
claring that the silver dollar was q proper coin
for the payment Of the public debt, bonds and
interest, you must excuse Us II we insist that
under those conditions we N go with you
In your political theories in issuing q bond
payable in coin that, so long as you have pow
er at least, will be construed to mean nothing
but gold.
After giving them that jolt, continu-
ing, the Grand Old Friend Of the Peo-
pie said:
are closed to the free coinage Of silver. But
we shall insist, II this bill passes-and ] do not
want to be misunderstood in that respectable
100, 900, 900 silver dollars already coined and a
legal tender unier the Law must be considered
"a ttcnin.n And we do NOT give mn the flGht, u