The times., 1897-12-07

sage is "a void OF ripple as easpoon-
rul or water. His recommends tlons On he
currency question are i'll line with the
indianapolis convention and the doings
OF tie monetary commission, wnlcn has
been sitting in this city. These people
mean tnaJ tie Republicans shall retire the
greenbaCks, and the only Teason tine he
publicaDs are afraid TO come out and say
TINS JueIr intention Is tnat they are
afraid or the leopie and fear tie split
wnicn tney know 1t Will create in their
own Iarty. II ;ney attempt tnis sort OF
thing the wrath OF the people viii descend
upoH them. They may Be ble to DO some
thing III tIe House, bat ! dou bt tnaJ even.
L know, however, Il at they may try their
utmost in the Senate and they WIIl tail.
No sucn measure can get through mere"
senator y althall. 'Ine whole tenor of
the message is a defense. Mr.. Mckinley
has made d lot of excuses for his Admins
tration. and on tile currency question sug-
gcStS sonnet hing that is not only i'm
prdcticahle, but SO lar as the senate is
concerned, unattainab bic. No scheme of
currency refoun winch contempIatcs the
retirement OF the greenback or its trans
formation into gold certificate can pass
this body
.7ena,ot stewart: What do l think of
the messa ge? The treatment of the cur
reDcy question: IS the treatn mi OF tHe N2H
street men. Their Influences are felt
everywhere in Washington, and their views
are expressed in the MESA ge. This Senate
VIII never agree that TINS paper money
shan be boarded in the Treasury ana
changed into gold Crrtuicates. Ii IS tad
enough To have the Treasury refuse 10
exercise its option and redeem them iii
silver, well gold, but TO suggest that
We declare them to De gold certificates
is something Congress viii not permit
Senator Turey: lit is weak message.
is III Favor OF the retiruent OF tie green
back. That is the policy Of the Eastern
money uen who CuntroI tue Republican
party. Mr.. Mckinley has given tie Dem
UcrauS some excellent campaign literature
ana has taken big step IN defining tie
issues OF the next campaign
Senator Allen: In q nutshell I can state
my views. The President wants tue green
backs changed into gold certificates and
then lie wants Us to permit him 10 Put
them in hoe Congress viii never gree
To any such plan, and If tue President
THINKS ii will Just let him try it On
Senator Teller. III is iule To even dis
cuss the currency scheme. II WIN come
10 naught. Il is d wild dream TO think
that Congress would permit the RECON-
rnendationS of the President TO Be car
rie'I out The idea OF boarding the green
backs iu the Treasury ana paying them
out for gold, only thereby making tnet
III name what the treasury holds
tnem To be, is nonsense. No sanction OF
that proposition can be secured from this
Congress-
Senator Chandler The Presidents cur
rency plan VIII never go through. His tie
sire 10 make the greeubacks gold notes
cannot receive the majority OF the votes
of the two houses. II the President rec
ominended that the Treasury exercise its
option OF pa ying the holders of these
mites igDG a silver nf
ing the option OF the holder and paving
them III gold, his recommendation would
he readily agreed 10. There has been a
great deal OF talk about the endless chain
III connection with the currency question.
That endless chain would not exist if the
Treasury exercised its own option in re-
deeming greenbacks."
Senator Gallinger; II have nothing to
say about the currency part of tile mes
sage, except to make the observation that
it viii be impossible to pass anything ON
that subject through this Senate"
Senator Daniel: There is nothing un-
usual or unexpected in the message 1t
contains just about what was anticipated.
The Presidents views on the currency
question have been discounted by previous
publications, and the previous action Of the
Senate on the subject discounts any expec-
tations the President may have
Senator Mills: The President seems to
Iulhh tudb we SHOulU declare our greenbdckS
to be gold notes exclusively, and then
store them away, paying them out only
for gold. His views are entirely at
variance with the accepted doctrines of
the Democratic party, and with those
which quite number of the lnen of his
own party believe to be right. They wifi
never receive legislative sanction, and il
would be useless waste of time for the
Republicans TO make any serious effort in
this Congress to take up the currency
question. The leaders know this, ana |
do not believe you will see that effort
made
Congressman MoMilIin said: 1.-THE Presi-
dent message seems to favor the with
drawal OF the greenbacks Indirectly
without assuming responsibility for recon-
mending the withdrawal directly | do
not believe there is any power i'm this
country, possible of exercise, to destroy
the greenbacss. MIR. Cleveland reconn
mended their retirement to a House that
was two thirds Democratic and it was
refused. Then when a political change
occurred he made the same reeummenda-
tons TO House of Representatives. that
was two-thirds Republican, and again it
was refused.
What is this proposition to retire the
greenbacks by the issuance OF bonds when
stmmered down? 1t is a proposition to
convert S346 900 900 of non-interest bear
ing Indebtedness to 1916 coo 900 of inter
est bearing Indebtedness. 1t is a proposi
ton to change a debt which cfrculates IN