The Topeka state journal., 1898-01-28
LAST DAY OF DEBATE.
Senate Meets at 10 O'Clock and Takes
Up the Teller Resolution.

Washington, Jan. 28.-In accordance
with agreement the senate convened at
10 a. m. today. BY unanimous consent
the routine business was waived, and
Mr.. Stewart of Nevada opened the last
days discussion of the Teller resolu-
tiOn.
Mr.. Stewart maintained that money,
whether gold or silver, was a creature
of law, the creation of money being in
heritent in all independent nations. He
said that this statement had been up
held by the highest tribunals and cited
history for several instances of such
creation of money.
After a legal discussion of the money
question. Mr. Stewart said, referring to
the speech of President Mckinley in
New York, last night that he regretted
to see the president had not studied this
question more deeply and that he was
utterly misguided. He quoted the fol-
lowing sentence from the president S
speech: Nothing should ever tempt US
nothing ever will tempt us-tO scale
down the sacred debt of the nation
through legal technicality. Whatever
may be the language of the contract
the United States will discharge all of
it's obligations in the currency recog-
nized as the best throughout the civil
lied world at the time of payment
Mr.. Stewart thought this was re-
markab1e statement which meant simp-
1y that nothing but gold was good
enough for the bondholders. Mckinley,
said Stewart, refers to the option of the
government to pay its obligations in
either gold or silver as a mere techni-
cality, and he did this, too, in the face
of his own vote in favor of the resolu-
ton we are considering. Now the pres
ident calls this option of the govern
wentworth thousands of millions-a
mere technicality.
What language for a president to
usei" exclaimed Mr.. Stewart. 1--WE
cannot use this money in the treasury
unless it is recognized by other nations
of the world as the best money. The
~ 7TraCaf n
are to name the kind OF money regard
less of what the law of the United
States may be-.
Referring to Secretary Gage, Mr..
Stewart said he believed the secretary
to be an honest mana man who would
not rob a bank-but, he said, it was
difficult for Mr.. Gage to look at this
question except from the standpoint of
a. banker. He thought it unfortunate
that the president had placed the treas
ury department in charge of bankers,
but he was glad the president had
thrown off the cloak and made the Is
sue directly with the people
Mr.. Cannon CUtah), followed in sup
mort of the resolution. He believed that
the only way in which the party OF sII-
yer and gold as money could be main
tained was to accord equal privileges
to both metals at the mints. He held
that the only other way to maintain the
parity was to put interest bearing OBJ
legations upon the people. He firmly
denied that the advocates of free coin
age were in favor Of anything but a 100
eeii7 I'VE do not believe, however, said
Mr.. Cannon. ''in the defed dollar of
Grover Cleveland which is worshiped
by the present administration He
criticised the president for attending
banuuets of rniIlionaires in New York,
there perusing his menu bound in gold
and then declaring in favor of paying
government obligations in gold in viO-
lation of the nations right to dictate
what money they shall be paid in.