The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1898-02-25
|REE coinage.
,,,,Ep BY HON. s1EPHEAB. ELklAs
A ''' rRt UNITED STATES SENATE.
! ,.r,t, Having Under Consideration
I, TELLER Resolution to Authorize the
,un,pt Of Bonds In Silver.

sR. ELK1Ns said
r. PRESIDENT II admit at
e that under acts OF Congress
ed twenty years ago the
yerpment had the opsion at
time to pay its bonds, prin-
!, and interest, in standard
rer dollars containing 4l24
ms Of silver, and would have
/ ,Il right now, we're the eondi,
Is the same as then and had
10 been no subsequent legisla-
on the subject. But since
massage of those acts there
been other legislation affect
the contract of the Govern
r. with its bondholders, which
h full force.
The act of Congress of July IA,
b declared it to be the estab-
he'd policy ofthe United States
maintain gold and silver at a
,i,v and the act of November
lsas, declared with emphasis
declaration. AS long as this
3Ooe, it does not matter to the
pdbolder, nor any other credi-
Of the Government, whether
vmept is made in silver or
a. Very few, if any, holders
Government bonds demand
ID in payment Of interest. The
crest on the public debt is paid
draft on the United States
sasury, and this draft is paid
len presented in the ordinary
rrency ofthe Unitod States. In
dition to this, since the passage
the resolution twenty years
a great change has taken
be, one that has affected the
lire commercial world-silver
sdeclined untilit is now worth
" "A cents on the dollar. The
Ternment of the United States
build not pay its creditors in
preciated money, even if the
should permit, by taking adj
mage of a technicality. A
rsOn who is willing to loan
,ney to the Government is
titled to be paid in the best
Dney the Government has.
Ifthere had been added to the
solution under consideration
ewords Provided always that
ID and silver are of equal
lue," then there could be no
lection to the resolution. Then
ain the resolution assumes that
d and silver are now the same
relative value as in 1890 and
fore which is not true.
The purpose of this resolution,
Vever, as I believe, is not to
sert any right of the United
ates touching its contract with
Oondoolders. 1t is simply in
ptuced for political purposes
dto create division in party
ies-the first skirmish for posi-
= in the approaching Con.
essionai elections. Unfortun-
ely its tendency is to cause
s'rust, and shake confidence in
credit of the Government,
aough this may not have been
slntentlon of the Senator who
induced the resolution. The
solution can do no good. 1t
mot accomplish anything, even
fpasses. 1t would! not have
etorce of law,
The Republican party is will.
go stand by the Republican
AaOrn adopted at st. Louis
claflng for sound money, inter-
uOnal bimetallism, mainten-
&c Of the existing gold stand
and Of the public credit, pro-
s sae to property and the up
lolng of law and order. Ifthe
saocratic party wishes to try
:. issues of the campaign of
again in 1900, the Republi.
party, confding in the intel
,'uce and patriotism of the
s Sple, stands ready and will
s ' the contest.
suppose war should be declar-
@-norrow against the United
a'es' The Government has
u0ney with which to carry on
y, y It's receipts and expendl.
-AGA Ara :.