El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-02-12
Stamped BY Senator WoIco;t
As "Bimeta|Iism BY
BIackmaiI.''
THE FINANCIAL BILL
Enables the Colorado Man
To Open Up Fire On the
Attitude Of the Demo-
cratic Idol.

| WASHINGTON-Feb 12.-Mr. VOL
| colt, of Colorado, addressed the senate
today on the financial bill. In view OF
the fact that he stands for international
( bi-metallism and has contended that it
will intimately come about if matters
are properly shaped, much interest has
been felt in what he would have to say
on the subject. After describing the
effect of the new legislation upon
silver, he said:
"The provision requiring the pay
ment of the principal and interest of
the new bonds in gold, represents, 1
| think, a mistaken view as to our IA
tional credit. Principles of bimetalism
are adhered to by great mass of the
voters of this country, provided ii
could be secured without impsiring
the national credit. In this country,
bimetallism has received its greatest
injury and suffered its severest blow
at the hands of the Bryan democracy.
In close alliance with the populist
party, which still demands an ir-
redeemable and Inflated paper cur
rency. cIamoring for free silver at I6
to 1, by the United States alone to the
exclusion of any other settlement of
the question, openly advocating
deprecated money ,ridiculing all ideas
OF an international agree
ment. associating their demands
with snsrling protest against
every policy which seeks the enforce
ment of law and order and the mainten-
ance of the honor OF our country and
the ful6llment of its obligations to
mankind, it is not surprising that they
have so clouded the minds of men that
many of them see no difference be-
tween the free silver of Bryan and
bimetallism, and are inclined to seek
an end of the whole matter and hesi-
tate to deal with the subj set in any
form.
'But we can be honest and win. Our
st. Louis declaration of faith and Of
principles elected Mckinley once and
it will triumph antly re-elect him, and
l must be pardoued for urging that it
Is bad politics as well as bad morals for
US to change the line of battle in the
face OF q once defeated enemy"
Later on in his speech, the senator
again attacked Bryan, and quoted
from one OF his speeches in which
Bryan warned European nations that
IT they cnnspired to make gold dearer
because they wanted to increase their
dollar. the United States would punish
them by paying them In the metal
they made cheap. Commenting upon
the utterance. Wolcott az ID:
There is q gentleman whom a great
party is to choose as its standard
bearer-a gentleman who open
ly announces that if he were
president OF the United States.
with the protection of the ma
tion's honor, he would announce to the
government of Europe that the United
States Intended opening it's mints to
silver, that in his opinion parity would
be maintained, but would threaten
5hem, ii they did not join Us, and if
The experiment failed, we would pay
our obligations to them in deprecated
money. This is q new doctrine. Mr..
of bimetallism by
,lackmsil.
GOVERNMENT OWNERSHIP.
WASHINGTON, Feb. 12.-The house
on commerce, it Is reported,
'ill vote tomorrow in favor of the
overnment ownership, construction
nd operation OF the proposed cable
rom San Francisco to the Philippines,
nstead OF permitting any private COM
any to lay it. Mr.. Corliss, republican
tho INTRODUCED the measure, said the
majority OF the committee was sup
orting him.
The cable will connect this country
'ith Hawaii, Guam and Michway, ss
ell as the Philippines and is estim-
ted to cost 10000. 600 including the