ISO 



HESS. (THI BOXD QUETTION.) 



nerienea durinir the war. when he keM 

 kindness of those who can-d nn.l 

 xtndnci, when be bent and swayed UMtr 



v responsibiliti. <ar. he illus- 



trated ihr situation in tin* -inking manner. 

 llr sn.d : ' If nil y.-ur pn|*Tty ma* in gold. and 

 jrou had put it in thr hand* <>f |tl<>n<ltti 1<> < arry 

 arrant Niagara on n rope. would you slwk. the 

 I- h..utini: Hi him. " Stand straight- 

 tr! Walk faster! \V r! Lean north or 



von would hold your breath and 



an well.' 



eadraintoraJ ion Utnring to keep the gold 

 in the Treasury to save the honor of tin- 1 nit.-d 

 State*. Ad it i* unpaUioiio to catch at unc..n- 

 eidered trifle* to impede |ht consummation of 

 the undertaking. Or partisan iKililirs 



that hinder* tut Perish the thought ! The n -p- 

 rasenUtives of the people must be patriots be- 

 fore they are partisans. Will any mem I NT dis- 

 pute the proposition that in the situation which 

 .. ration, with a BfffttJl looming. 



bnire and hideous, in th.- twilight future, we 

 ought to tee nothing but the best interests of 

 th.- , ,.untr> t 

 "The member f this House who in the su- 



preme exigency suffers his vision to be obscured. 

 hi* judgment to be warped, and his conclusions 

 to be vitiated by prejudice, passion, or partisan- 

 ship discredits himself in the eyes of his country 

 and will be held to strict accountability by his 

 ents. There is but one word that can 

 the inspiring and controlling influence 

 of 'this hour, and that word is * patriotism." 

 There is hot one word that can denote the ac- 

 tion which that overruling inspiration com- 

 mands, and that word i- " duty." He who is in- 

 sensible to the one or disobedient to the other 

 is not a safe custodian of his country's interests, 

 and was misdirected when he was sent to this 



body, 



indulge the hope that no member of this 

 House entertains views of public duty which 

 constrain him in determining hi- action upon 

 this measure to ask who initial. -d it. but only is 

 it wise legislation f not which -id.- of this cham- 

 ber is advocating or opposing it. but only is it 

 calculated to meet the need of the hour and 

 mitigate the afflictions we are suffering by re- 

 storing the confidence of our people in the money 

 of the count ryt 



44 1 am profoundly moved by the conviction 

 that this i* the time and this the occasion (if I 

 mar be pardoned for using an illustration a sec- 

 ond time in this presence) for us to emulat. the 

 senti mssed by I'hilin of 



n the Crusades, when he said to Blob- 

 Mi of England v strife b. 

 the lions of Kngland and the lilies of France 

 b*- which shall carry them fart h ranks 

 of the infidels.' So I pray you. let the only strife 

 between the parties represented in tl. 

 to day. in the presence of this impending 

 be which shall carry the banner of honorable, 

 patriotic, and effective relief farthest into the 

 ranks of the opposition," 



Mr Maine, made this argument in 



introducing a submit r.tc f,, r th- Springer bill : 



"In order to ascertain what remedy we ought 

 to apply to the present condition of 'things our 

 first duty is to ascertain what is the condition of 



things. The United States OoTernmenl 



sued at different times $346,000,000 



D as legal-tender notes, and > 

 more which arc known as Treasury n 



1890, mnking in all $496,000.000 of pap- r ,.l ii-rii- 

 nun. 'iit which tin- (ioxenmient 

 mav be called upon t pa\ under our i 

 system of lin-n 



iintry like the t'nited States t! 

 sum not worth talking about from any point of 

 f the ability of the (mvernmeiit to pay 

 and to pay promptly. Therefore there must 

 have IH-.-H -omethini; done which created any 

 di.-tru-t that now exists. 



"What wa-d.'tie? The first thint: thai 

 done the main thing that was done which 

 caused the present condition of affair-. \\;i- the 

 passage of financial 



Bulled in a deficit of 1107,000,000 up totho 

 pre-.-nt date, and which seem to indicate in their 

 operation a further deficiency, whether perma- 

 nent or temporary. This caused a peculiar con- 

 dition of things in the I'niled Slates Trea-ury. 

 The United Stat.-- Treasury keeps practically 

 two account-: l-'ir-t. the accounl of tin- United 

 States as a banker, which has issued its notes 

 and announced its readii 'deem those 



notes whenever the holders or possessors may 

 demand the same. For a period of sixteen year's 

 the United State- ha- l.cen a hanker, witliont 

 question as to its ability to pay. Within the last 

 year doubts have been thrown about that ability. 

 Hut there is another department of the United 

 States Treasury, which is the department of the 

 United States as a In; li-hrm nt. That 



business establishment has been runninga-t.rn 

 $107,000,000 up to this time, with more deficits 

 in prospect. 



" Unfortunately for the Government th< 

 operations, those two departments of tl 

 eminent have been mingled together in such 

 fashion that the misfortune- of the bu-ii; 

 department have been devolved in the popular 

 mind on the banking department. The United 

 States has redeemed, as it has agreed to r 

 thus far every note which has beei. 

 But unfortunately the exigencies of its |. 

 department have compelled it t.. put out ]n?.- 

 000.000, more or less, in order to meet the ne- 

 s of that business department. 

 \v, the business department, in-tead of 

 borrowing money on its own hook, has taken the 

 money of the banking department and r> ; 

 1 the result is what i- known in popular 

 phrase as the "endless chain." whereby the 

 United State- has been made the furnisher of 

 gold to the re-t of tin- world, a condition of 

 things never contemplated by our -\-:em of 

 . a condition ( ,f things which 

 6 oeeiirrcd : but it has occurred, and the 

 tit of the I'nited States ha- appealed not 

 ii party a- \ ho are in a 



great 'majority in this /louse, but to the p-ntle- 

 ipon the other side for assi-tanee. 



"I could have wished that there had 



i< -rat ion for the views of gentlemen 

 on the other side, and that we had not been ap- 

 pealed to to forget the tyranny of preconceived 

 opinions when those preconceived opinion- 

 -ed to be our own merely and not t h 

 conceived opinions of others. However, v. 



