The Portland daily press., 1898-01-29

Closing Debate.
markable statement which meant simply
that nothing but gold was good enough
| for the bondholders. Mr.. Mckinley, said
Mr.. Stewart, refers to the option Of 1.-The
government to pay its obligations In
either gold or silver as mere technicall-
ty, and he did this too, in the face of his
own voted in favor of the resolution we
! are considering. Now the President says
this option of the goyernment-worth
thousands of Inillions--is mere techni-
cality
"What language for President to
use, exclaimed Mr.. Stewart. 'sWe can-
not use this money in the treasury unless
it is recognized by other rations OF the
world as the best mo ney. The syndicates
of Europe are to name the kind of money,
regardless 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 p bank-but he said. it was difficult
for Mr.. Gage to look OF this question ex-
cept from the standpoint of q banker. He
thought it unfortunate that the President
had placed the treasury department. in
charge of bankers, but he was glad the
President had thrown off the cloak ana
made the issue directly with the people.
Mr.. Cannon followed In support of the
resolution. He believed that the only way
| in which the parity of silver and gold as
money could be maintained was to accord
equal privilege to both metals with the
mints. He held that the only other way
in which to maintain the parity was to
pile up interest bearing obligations upon
the people He firmly denied that the adj
vocates of free coinage were in favor of
,xyxh hr1t q nra \, rdro6 aar,f
''We do not believe, however," said Mr..
Cannon, Sin the defiled dollar of Grover
Cleveland which is worshipped by tho
present administration.
He criticized the President for attend
ing banquets Of millionaires in New York
there perusing his menu bound In gold
and then declaring IN favor OF paying
government obligations in gold in viola-.
ton OF the nation 8 right to dictate what
money they should be paid in.
Mr.. Cannon said that il there WAS NO
other reason for his support of the resolu-
ton, he would vote for it to serve notice
| upon every creditor of the United STATES.
that he should live up to the contract he
had entered into with the government.
Mr. Jones of Arkansas began his speech
in support of the resolution by criticising
the position taken by Allison of Iowa.
He thought the resolution squarely
maligned those who held the various
financial beliefs. No absolute believer in
the gold standard could Mr.. Jones
vote against the resolution. On the con-
trary he could not understand how any
Senator holding different financial views
could do anything but support it. He
said the advocates of the resolution pro-
pose to pay the full pound of flesh due,
but absolutely not q bit more,
In the course of his remarks Mr.. Jones
said, in discussing the work of the none
tary commission with special reference to
its recommendations concerning banking,
that it was the evident purpose OF those
behind the proposed bank legislation to
faeten the gold standard upon the
country. He then read q communication
in a financial newspaper to the effect that
there would not be much serious opposi-
tion to the proposed legislation from the
"recalcitrant silver senator's
Mr. Jones gave notice that the "recalci-
trants silver senator's would have to be-
reckoned with pretty seriously before any
such legislation as that proposed got
through the Senate.
Mr. Jones said he made the broad state
ment that no Democrat, silver Republican
or Populist had ever declared in favor of
paying government obligations in de-
preciated currency. He then quoted SEN
ator Aldrich of Rhode Island to the effect
that In view of statements on the Demo-
CFdb1C S4s1S VI uA0 Cll1lu USI UutkU UulS WSSS
the most important question that had
come before Congress in years. He
claimed that this was a suggestion that
he and his colleagues were in favor of
using deprecated money.
"Why," interrupted Mr. AIdrich, ''the
Senator's own colleague (Mr Berry, said
in the price of silver he would be in favor
of paying our obligations in that metal"
"But he did not say that free coinage
would not produce such rise,'' said Mr..
Jones.
HOh, that is s mere refinement of
language, y replied Mr.. Aldrich.
''My colleague" said Mr.. Jones. sis
able to take care of himself and to define
his meaning"
"Well, l shall take up that matter when
I speak, said Mr. Aldrich.
Mr.. Jones continuing said that the
newspapers unfrienuly to the cause were
saying that bimetallism was dead. II
believe said the Arkansas Senator,
"that the peoples convictions upon this
question are more firmly fixed than ever
before. They are determined to restore
silver to it's status Eefore 1878, and we
shall do all we can to accomplish that re-
suit We shall march in solid phalanx
with shields locked, down to the day of
doom in our efforts for the restoration of
silver ana Une bepuDIlcan cries bhab 6ne
issue of silver is dead will fall upon deaf
ears"
At the conclusion OF Mr.. Jones's speech
Mr.. Pettigrew introduced the following
resolution: "That it is contrary to the
interest, policy and tradition of the
people Of the United States to acquire
any territory so situated as to require a
navy to protect it,
Tho resolution went over
The first speech of the day in opposition
to the Teller resolution was delivered by
Mr.. Burrows of Michigan. He said that