The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-01-29

clear, ii being evident there was a grea
diversity of opinion on that point. II
did not think the resolution was an
more than declaratory to the law, an
that was as far as the declaration
went. He Thought the statement in tn
resolution that such coinage as wa
contemplated by it was not in deroga
ton Of the rights of creditors could onl
mean the free and unlimited coinage o
silver. He was. therefore, opposed t
the resolution.
Mr.. Foraker declared himself in favo
Of international bimetallism or as al
alternative TO maintain the presen
financial status. The enforcement o
the terms OF the resolution, in Mr.. For
aker's opinion. would not bring abou
bimetallism. but would force the gov
erlment to a silver basis.
Chiffon OF TEXAS.
Mr.. Chiffon of Texas in legal ar
gument, advocated the restoration o.
the standard silver dollars to. coinag,
and their use in the payment of the
governments obligations. He held tina
the pretension of the bondholders thai
they were entitled to be paid in better
money than the pensioned, the me-
chanic and the laborer, was not war
ranted by facts or by law.
NELSON OF MINNESOTA.
Mr.. Nelson of Minnesota stated that
his objection to the resolution was that
it ignored the duty of the government
to maintain the parity between the
metals as imposed upon it by law. MIR.
Allison spoke of the circumstances at
tending the passage of the Stanley
Matthews resolution in 1873. To him,
it had not meant at that time decla-
ration in favor of the free and unlim-
tied coinage of silver. Other coinage
measures were pending at that time.
and when one of these came over from
the house, the senator from Colorado
(Teller), voted to strike out the provi-
sion for the free coinage of silver and
voted for the limited coinage agree
ment.
ALLISON OF IOWA
Mr.. Allison declared that when he
was being gibbeted on this cross road
OF public opinion for alleged inconsist-
ency he wanted it known that the Colo
I ado senator and the Ohio senator who
the resolution of 1873 (Sena-
tor Matthews), had voted 20 strike out
a free coinage provision. The clear
purpose of the pending resolution was
to commit the country to the free and
unlimited coinage of silver at 16 to
|, when it was almost automatic, the
senator declared that such a course,
without concurrence of other nations,
will lead us inevitably to the silver
standard alone and to silver monomet-
allism. 1t is as certain as the sun at
MONDAY, said he, that such a course
Will carry us to the silver standard, and
that our gold will be banished. And
yet, senators were asked to sanction
his nlonstrouS opoSition-monstrouS
n the change it proposed.
Mr.. Allison reviewed his expressions
Tor an international agreement as the
only means of rehabilitating silver, and
said the failures of the Wolcott COM
mission did not bring despair to those
Who saw in this method ultimate relief
or silver.
TELLER'S REASON.
Mr.. Teller rose to explain that his
yote in 1873, referred to by Mr.. Allison,
vas given, not because of opposition to
rec coinage, but because it was not
practicable at that time to secure a
majority and get what was wanted.
Mr.. Gray (Del.) urged that the reso-
ution could accomplish nothing, and
vas hollow expression, so far as af-
Getting the character of money in
which our bonds were to be met.
s in any way involved in the resolu-
ion, so that he would vote on the ques-
ion wholly without reference TO the
liver issue brought into the debate.
Mr. Allen (Neb) insisted that the
rec coinage of silver would restore the
arity between gold and silver. Mr..
Sacon (Ga) took issue with the state
nents and conclusions of the senator
rom Ohio (Fofaker) and the senator
rom Iowa tAllison).s discussing the
resent conditions as contrasted with
hose of 1878 when the resolution was
riginally passed. He held that the
esolution applied distinctly to the sill
600 already coined-and to
hat which shall be coined in the flu
ure.
VIOLATED THE STATUTES.
The government for the past six
ears had violated the statutes, and
he Stanley Matthews resolution. He (
therefore, that the pending
esolution was most important as I
eclaration of the legislative branch as
} the duty of the executive branch of /
ne government.
Mr. Thurston (Neb.) said that the le- .
al obligation of the government was /
IT forth in its contracts, and there is /
o need now to restate the terms of .
nose contracts. He would, he said, so |
II as his vote was concerned, follow
is party in its declaration to maintain
he parity of all the dollars of the gov
He pointed out that since the
epublican party came into power
very dollar paid to labor, whether it
as silver or paper or gold, was as good
5 the best dollar ever coined.
He thought the question involved in
le discussion was no tone of legal
ght, but rather one of government
hics He concluded with an appeal to
lie silver men to permit the business
en- of the country for little while to
tend to their affairs in order that
ley might ascertain where they stand.
ATTACKED ECKELS.
Mr.. Tillman Is. c. thought that this
scussion was a maneuvering by the
eat political parties for position in the
eat contest that was to be fought in
co. The people, he said, would win in
at contest as they had won in every
sht they had ever made for freedom.
e made an attack upon former Comp
oller Eckels for his action regarding
e Chestnut Street National bank of
Philadelphia. and declared that the fact
at six of the last cOmptrollers of the
rrency had graduated from the
easury ''pesthouse" to be presidents
national banks or trust companies,
owed that those men We're owned by
e banks or had been bribed-
Mr.. Hawley Comm said that the ]
iginal Stanley Matthews act had no ;
rec, as it was a mere campaign
reat and did not have about it I
ough of chemical qualities to make
stencil. The American people would {
yer consent to the payment of their l
hts in anything but the best money.
Mr.. Gallinger1(N. h believed in the :
yment of the nations debts in the
st money of fixed national as well as {
value. Any other action {