The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-10-24
SENATE pRoCEEpINGs.

MIR. Jones Gives Another Installment of
His Specch-Mr. Teller Takes the Floor.
WASHINGTON, D. c., Oct. 23.-The sem
ate entered upon the thirteenth week
Of the present session at 10 o'clock this
morning. No adjournment having oc-
Cured since a week ago to-day, the leg
islation of Tuesday, October II, still
continued.
Mr.. Stewart (Rep., New Gave notice
OF an amendment which he intended to
offer to the repeal bill, proposing con-
ference to be held at Washington within
nine months between delegates OF the
United States, Mexico, Central and
South America, Haiti and San Domingo,
for the adoption of common silver
coin to be legal tender in all commercial
transactions between the citizens nf the
countries represented in the conference,
The house joint resolution for tho
printing OF 1000 copies OF the hearing.
before the committee on ways and
means Of the house was agreed to with
an amendment making the number
1000, to be divided equally between the
senate aud the house.
The consideration OF the bill to repeal
the purchasing clauses OF the silver act
of 1880 was then resumed, and Mr..
Jones (Rep., Nev.,) entered upon the
fourth installment OF his argument in
opposition to the bill.
MIR. Jones made an elaboration OF the
argument he WIS advancing when the
senate took recess Saturday evening
that the standard OF country could be
neither gold. silver, nor material
thing, but that whatever the standard
might be it was quantitative, and the
value of each unit depended upon the
number OF units, and that there could
be but a single standard in a country,
and that one OF quantity.
Mr.. Jones continuing, said: Last
summer the British government, deslr-
ing to show its sympathy with the OBJ
iect OF the administration in this coun-
trv. issued an order with the view OF
iaciliting the descent OF silver. The
order was taken by the New York
papers to be the announcement oil the
| doom OF silver" During this time
where was the United States govern
ment, Of all nations, the most inter.
ested?
The position OF the chief magistrate
OF this country on the question was well
illustrated by the line from Em merson:
II am the doubter and doubt" But in
the words Of the supplemental line the
genius OF the republic admonished the
President as well rs Great Britain. The
people Of the United States did not pro-
nose to be left out OF the consideration
as to what should be the material OF
their money. The United States was
not a dependency OF Great Britain and
the President was not q governor gen.
eral.
For the first time in our national his
tory we find ourselves putting into exc
cution through officers elected by the
people OF the United States, plans
which, ii not formulated, are heartily
approved at the horse guards and in
Downing street.
Atl:O5 Mr.. Jones remarked that he
desired to yield the floor to Mr.. Teller
of Colorado, expressing his desire to
resume his speech at another time.
Before answering a question which
was asked him as to whether he thought
the government Of the United States
could with the coinage OF silver main
tain the parity between gold and silver
dollars, Mr.. Teller desired to lay down
one general proposition which seemed
to him to be necessary to the conclu'
sion he had reached. While money was
not merchandise or a commodity in the
sense that the term Commodity" was
used. its value was determined by the
law Of supply and demand.
Mr.. Teller then answered the ques'
ton by saying that the government ol
the United States could maintain the
parity Of the two metals because he did
not believe more silver would come to