The Portland daily press., 1900-02-09
Charges Republicans With Breaking
Faith.
Mr.. Cockrell Also .Ad-
dresses Senate.
Sees Movement Toward Perpetu-
alton Nation Debt.

Washing top, February s.-Almcst i'm
mediately after the Senate convened to-
day, discussion of the financial measure
concluded bis speech. charging the Re-
publican party with breaking faith with
toe people regarding bimetaIlism and syr-
temti cally disorediting the work Of the
International bi.metaIIio commission.
Mr.. Cockreli of Missouri also spoke on
the financial bill. making a technical
analysis of til Ia House and SenAte meas
urea. He charged that the Senate substi-
tuts contained the initial movement TO-
ward tbs perpe.uat,on Of the nntionsI
debt.
Mr.. Allen. o. Nebraska, resumed his
speech on the financial bill wbi1h he e.
gan yesterday. Recurring to his discus
son OF the position of the Repuelieap
party on bi-iuetallisDl, he ssid that not
wtthstRndtnR the prom lses made ~ that
party and the fact that IL had majority
IN both branches of Congress, IL had not
done by Legislation or other wise ore I'd ing
70 restore silver to its former position rs
standard money. In the closing hours OF
the century great political party bad
bses guilty by false prstapsss and gloss
de declared that while the bimatallic
commission sent abroad had acted In
good faith. he had no doubt that it's
efforts ware ~ scientifically disorsditsd By
the administration at bone. -
Mir. Cookrell of Missouri addressed the
senate on the pending bill. de discussed
first the bill passed by the Hosuss and
then the Senate snbslttUts presented by
the finance committee. lettering to the
proportion in the House hill TO fix the
standard in gold be declared:
"Such unqualified, unplusning repUdi-
alton of executive Obligations has not
been proposed IN Ehe history Of the
country"
II was In plain violation OF the consti.
tution which provide. that each state
shall make gold and silver coin ~ legal
tender, not gold or silver coin, de obsl-
lenged any BODY 60 say how the bill would
benetlt the great producing Glasses, al
though. he said, it was easy Go realize
that 10 was sure 10 would be largely bens-
hciai to the boi3ers OF accumulated
wealth. In discussing the Senate suhsti-
tuts Mr.. Conkrel; asserted that the legal
tender quality OF che standard oliver del
lar was taken away sosolutsIy as to
treasury notes and the green backs It's
legal teDdsr quality Was puliifisd ALSO
lutsly. Smiling ana addressing Senators
Aidrion and Ailison, MT. ooskcel az
claimed
You can't sbake your heade ct that "
Mr.. Cookrsl!, discussing the methods
provided in the suhtisute for maiu tanning
the gold reserve and the parity OF various
moneys issued by the United States asked
II 1t was possible that Republican ex-
eoutive would permit gold standard sec
rotary of treasury to go into the market
and buy gold with United States notes at
such price as he might deem In the cir
oamstances propelf That, he declared,
WAS an auction sale Of United States
notes. He then criticized sharply the
power vested IN the secretary Of the tress-
uIy Ia issue bonds Of the Unised States
in order Co maintain the gold reserve or
the parity nf the several kinds of money.
He maintained that the bill contained tbs
initial movement for the perpet uAtion OF
the national debt For chs next thirty
years the Unitsd States would be tisd
down by debt Of more than q billion of
dollars with no option of extinguishing
that debt and no possibility eFen at tbs
end Of the thirty yeAts period OF paying
the debt
In conclusion Mr.. Coekrsli declared
there was no Justification or sxtenuation
for such proceeding and that 1t simply
placsd the financial affairs Of the country
In the hands OF the banks.
The Senate at 4. 10 p. NJ, went into ex-
ecative session ano at 20 adjourned.