The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-27

the purpose of the silver men to 20 into
the campaign of 1900 and declare it to be
right and honest 70 pay obligations in 40
cent dollars and to stigmatize as "grabbers'
and robbers those who differed from them
Colorado senator when he rose To begin his
speech. Mr. Hoar said. expressed a desire
TO resent something. In fact he was always
reSenting something.
HOAR RIDTCULES TELLER.
Mr.. Teller rose to call Mr.. Hoar's atten-
done so Mr.. Hoar ridiculed him by likening
him to the small boy who was asked what
the cost of eleven pounds of beef would be
at Z cents a pounds and replied: You can't
get no beef at no such price"
In the course of his remarks Mr.. Hoar
referred incidentally to the present indus
trial situation in New England and its re-
lation to the Dingley tariff law. He was
glad, and. the people of New England were
glad, of the industriaI prosperity of South
Carolina, Alabama and Georgia, but he did
hold that the people of New England
did not want to be brought into competition
with communities where long hours are the
rule in industrial establishments and where
child labor was employed in he factories.
He said these practices We're not known in
New England, whore limited hours for
workmen and no child labor We're provided
for by law. Competition on basis OF
equality of laws would be welcomed by
New England aour policy" said Mr.: Hoar.
lis not bounded by state lines. We are
New England men, but wa are, above all,
Americans" Mr.. Hoar shortly afterWard
concluded.
Mr. Platt, of Connecticut, was the next
speaker. He declared that it was the pur-
pose of the advocates of the RESOLUTION to,
override the solemn declaration of Congress
that the parity Of gold and silver coins
should be maintained. 1.-THE senator from
Nevada (Stewart) talks about trouble and
misery among the people,, said Mr.. Platt,
but when the government has. ACCORDING
to the advocates of the pending resolution,
been given two measures of value-meaS-
ures that mean two things-the misery and
the trouble we now have will be as nothing
compared with what they will be then
Such a condition would be worse than pesti-
lence and famine combined" Mr.. Plat
said that if ha could believe that this coun-
try could coin silver freely without destroy
ing the debt paying power OF silver ne
would be glad to enter upon that policy.
He could not, however, entertain the posi-
bility of such policy.
DEFINITION OF BIMETALLISM.
In tho course OF brief colloquy between
Mr.. Plat on one side and Mr.. Allen and
Mr.. Tillman, Mr.. Plat stated this country
now had bimetallism. To this Mr.. Chand-
Ter took exceptions, saying that any defini-
ton of bimetalism which omitted the free
coinage of both metals at a ratio fixed by
law was not only incorrect, but obsolete.
Mr. Platt challenged Mr.. Chandler TO pro-
ese ded any fSee eogage IN tie definition Of BIZ
metalliSm. Mr.. Platt maintained that II
might not, in the estimation of the silver
advocates, make much difference whether
the millionaire were paid a debt owed him
or not but he wanted to call attention TO
the fact that every pensioner was the great
bcndholder, the great creditor of the coun-
try Every pension is bond, and the an
nuaI interest on that bond is the amount
annually paid on it. Whatever is meted out
to the bcndholder will also be meted out
TO the soldier. Mr.. Plat closed with an
appeal for the maintenance OF a SOUND
financial system.
Mr. Daniel followed Mr.. Plat in support
of the resolution. He said that we were
confronted on all sides with the clamorouS
statements of the gold men that agitation
of the financial question was unsettllnS
business and destroying the credit of our
people Yet he said, the gold men were
holding conventions, the financial question
was being investigated by congressional
committees and the President of the United
States in his message to this Congress had
advanced propositions in support OF faSten-
ing upon the country the single gold stand
ard. Mr.. Daniel thought the adoption OF the
pending resolution would tend to prevent
raids on the treasury, and he quoted
statement made by Secretary Sherman be-
fore congressional committee in 1873 10
that effect, but he maintained 1T did not
mean that any government creditor would
be paid in clipped coin or in a deprecated
currency.
After an extended discussion of the silver
question, as it relates to the pending resolu-
tion Mr.. Daniel asked Mr.. Hoar whether
he thought that $685.. 100000 of silver certif-
icates ought. as an essential to the Nations
honor, he redeemed in gold.
Mr.. Hoar replied that if such redemption
were necessary to maintain the parity OF
gold and silver coin he would answer yes,
hut no such subtle comprehensive question
could pe answered briefly.
Mr. Daniel concluded at O'Clock. On mo-
ton of Mr.. Aldrich, the Senate then went
into executive session and ten minutes later
adjourned.