Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-29


mat any senator whatever his financial
views, could vote for the Teller resolu-
uon' as 1t involved nothing except tho
carrying into effect OF the governments
plain obligations.
CLEVELAND BOND SALES.
He referred with scathing sarcasm to
me saie OF bonds by the Cleveland Ad-
"nnlstratlon In 1894. denouncing IL as one
OF the darkest pages In American financial
history.
MT Morgan. OF Alabama. supported the
resolution In carefully prepared speech.
oaslns MS support upon statistics and de-
auctions. indicating "the lmpossbility of
striking silver from among the money
metals"
Mr. Foraker. OF Ohio. thought the state
ment Ia the resolution that such coinage
as was contemplated by It was not in
derogation OF the rights OF creditors
could only mean the free and unlimited
coinage OF silver. He was. therefore. op-
posed TO the resolution.
Mr. Chiffon. of Texas in LEGAL argu-
ment. advocated the restoration of the
standard silver dollar to coinage. and its
use In the payment of the government's 3
obligations.
Mr.. Nelson. OF Minnesota. stated that
his objection TO the resolution was that
II ignored the duty OF the government
TO maintain the parity between the
metals, as imposed upon IL by law
THE MATTHEW'S RESOLUTION.
Mr.. Allison spoke Of the circumstances
attending the passage of the Stanley Mat
thews resolution in 1878. To him 1t
had not meant at that time a declaration
in favor of the free and unlimited coinage
OF silver The clear purpose Of the pend
ING resolution rro N ,t,,ff I. f~xv
10 the free and unlimited coinage of sill
yer at l6 TO l, when It was automatic, the
Senator declared that such course,
without the concurrence of other nations,
would lead us inevitably to the silver
standard alone, and to silver mono-
metallism.
Mr. Gray, Of Delaware, urged that the
resolution could accomplish nothing, and
was hollow expression, so far as 1t af-
fected the character Of the money in
which our bonds were to be met He re-
garded the resolution itself as expressive
of a truism, but while it was superfluous,
he would vote for it.
Mr.. Allen. of Nebraska, insisted that
the free coinage of silver would restore
the parity between gold and silver.
Mr.. Bacon, of Georgia. held that the
resolution applies distinctly to the silver
$500 900. .000-already coined, and 20 that
which shall be coined I'm the future. He
maintained that the pending resolution
was most important, as a declaration OF
the legislative branch on the duty Of the
executive branch of the government.
Mr.. Thurston. of Nebraska, said that
the legal obligation of the government
was set forth in its contracts, and there
IS no need now TO restate the terms Of
those contracts. He denied the right Of
It.
ors any but the best dollars of the world.
PARTY HANDWRITING.
Mr.. Tillman, of South Carolina, thought
this discussion was simply the maneouv-
ring Of the great political parties for posi-
tion i'm the great contest that was to be
fought in 1900. The people. he said, would
win in that contest, as they had won IN
every fight they had ever made for free
dom. He denounced as hypocrisy the
financial plank Of the Republican national
platform. and insisted that it was an ef-
fort to fasten the gold standard on the
country.
Mr. Hawley. Of Connecticut. said the
pending resolution simply looked TO the
payment of the national debt in 4S-cent
dollars.
Mr.. Gallinger, of New Hampshire, be-
lieved in the payment OF the nations
debts in the best of money of fixed ma
tiOnal. as well as international, value.
Any other action upon the part of the
government would be a national disgrace.
Mr.. Elkins, of West Virginia, thought
that as a legal proposition, the resou-
tion could not be successfully assailed,
but he could see no reason for its pas
sage now. He said there were times when
the bondholders could be treated with
l., 81 H4f "a
ther. if war were declared tomorrow, he
would introduce such a resolution as
this 1t would be perfectly evident that
we could raise no money on bonds in
the markets of the world if the declara-
tions of the resolution were enforced,
because their enforcement would mean
the free coinage of silver
MIR. Warren, of Wyoming, announced
his purpose TO vote for the resolution.
The resolution meant no surrender of the
honor, credit, and dignity of the nation.
Mr.. Cullom, of Illinois, announced brief
iv that he would vote against the resolu-
ton, because it was a step toward free
silver.
Mr.. Butler of North Carolina, advo-
Gated the resolution, saying that instead
of destroying the parity of the metals
as had been asserted, it was intended to
sustain that parity by keeping both
metals. like both arms in equal use. 1t
was alleged, he said, that the national
honor was at stake, but was not honor
due the taxpayer as well as the bond
holder?
Mr.. Rawlings. of Utah said the ques-
tion was simply one of paying bonds i'm
accordance with legal obligations, or in
the so-called best money" of far greater
value than the money with which the
bonds were bought.
OPENING OF THE CAMPAIGN.
Mr. Aldrich said it had not needed
the declaration of Mr.. Vest 10 disclose
that this issue was the opening of the
campaign of 1900. 1t was the opening of
a contest between those who favored
cbeaper money and those who believed
The United States was bound at every
hazard TO maintain the parity OF every
dollar ever issued by the government. At
a time when the Republican party was
seeking 10 strengthen the currency OF
the country. this miserable measure was
brought forward. ..,..
1--WE intend TO meet TINS issue squ@ieS'
declared Mr. Aldrich.
AZ Aldricb declared that the resolution
was an absurdity, in that it was "a con-
current resolution" in which the House
ala NOT concur. Hence II would be inope-
rotive even as an expression Oh senu-
ment, even by the Senate. .,.
NJ Aldrich closed just as the CLOCK
marked 6 the hour set for voting, ana the
Vice-President promptly announced that
the voting would proceed
A number of amendments that had Deeh
offered during the debate were iald on the
n bic. The vote on the Louse dineliu- ~,
ment. to pay bonds in gold, was as ioi-