The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-26
SILVER WILL NOT DOWN.
19E SENATE SPENDS ALE DAY TN
LITELY DEBATE.

out Deciarntion Ter OBSERVATION-DISCLOSURES
Lodge OGer. n substitute FOR tho Resolution
ARLINGTON, Jan. 25.-After two hours spent
a., On. Senate to-day in the consideration and
asssare of tho Pension Appropriation bill, tho
concurrent resolution was taken up declaring
,hot United States bonds are payable in
s,snsard silver dollars. Although at nrst
,rore appeared to be no desire on
sI,hor side Of the chamber TO debate
-, a discussion was started by Senator Allison
=, iowa and it was carried on with great spirit
an both sides for over three hours, Senators
ntarich and Hoar standing by Senator Allison
IN opposition to tho resol, n. and Senators
psrry OF Arkansas, Teller OF Colorado and
Rnwlins of Utah sustaining and advo-
eating It. When IL was long past tho
usuol hour OF adjournment Senator Hale OF
Maine suggested that enough had been devel-
oned in the debate TO set Senators thinking over
NIGHT and intimatcd that the admissions Of the
promoters of the resolution as 10 its purpose
md effect were particularly pleasing to those
who opposed 1t. His commentaries upon tho
debate started the discussion anew. so that It
was O o'clock before the Senate adjourned,
Immediately after tho reading Of the journal
the Senate went into executive session for the
purposo Of confirming the nomination of Gov.
Gricgs of New Jersey to be Attorney-G General.
The open session was resumed at q quarter
past 10, and o bill was passed appropriating
SIG, 600 to indemnity the State of Pennsylvania
for money expended In 1854 for militia called
into the military service under tho Presidents
proclamation Of June, 1868.
would ask to have It taken up tomorrow. The
s sas 100 more than the House provided. The
Increase is in one tenth pay, Of the army.
and mhg then eent the cohoarrent resolution deSSiarins
United States bonds payable in standard silver
dollars at the option Of the Government was
Mr.. Allison of Iowa said that he expected to
Why il WAS brought before the senate now, or
why the Senator from Missouri INF. Vest, and
sh Toto " upon Il. He e' know Of no impending OK.
igcncy. nothing that threw q shade on the situa.
tion, requiring tho Senate to deal with such q
1t was. tho revival of q resolution that had
passed the Senate this day ewenfy years SES;
~ related, But the pending resolution applied
to no bond that . could DIM mature Sr 5 before rel 1904 Can,,do-
when he voted for the Stanley Matthews reso-
luton, that 1t was in yiolatiop on OF public faith or
then nearly 5o0,0 o 900 standard silver dollars
had been en-. coined Inc d,,n Why y them sIIy was w It Necessary 70 Is rs.
stored Had 1t not been restoredl
NO" Mr.. Teller Responded.
1T .:Thf ms %hs' d Sf. i Ta %ssG replied q lied A' .hSs s siixsr
coinage is not restored I'd We are not now coin,
that our silver dollar Is not an honest dollar to
pay these debts. and that the law does not allow
dent says. and what the Secretary Of the Treas.
ury s~sys,and what the gold press of the country
Mr.. AIlison-I have never heard that the Pres
ton that was obsolete. Junctus o1ie!f. and that
the reso be q tiSa a. sT Is7s smH %his ' nss STsaiHss does as M nos
have the force Of law. although it may have
MI. Tiii@an Is. cl-Do you acknowledge that
these bonds are payable in silysri .,,. al .,,,.
bonds are payable in coin Of standard value,
Mr.. Tillman-Then you acknowledge that they
Nj. AIiison-I have just quoted the law.
Mr.. TIillman-I want you to say it in kind
Mfr. Allison-If the Senator wishes to, put
words in my mouth 1 object. President Cleye-
. sisted 'a on Changing the law. Why should he
have wished, the law to be changedi
Republican at heart. fLanshtsrI
Mr.. stewart.We want the practice changed;
Treasury precisely the discretion that he has
dGwi IL ao one n %as say or t the o aS snai We s%ef hsNs p snss
tically no silver dollars IN the Treasury, except
those that are specifically pledged to redeem
Mr.. ToiierNDo I understand the Senator from
dollars 50 Without VIZ o"ti breach ses of Of fa III pAia Al
Mr.. Allison1There is no doubt that these
Treasury. That option must be exercised in the
a ashi : silver dollars to be maintained at parity
with gold. So long as that is done there can be
NJ Mn. TeiIer"Wher Is the breach of faith in
paying In silver dollars If they are at a parity
Mr.. Ailison-I am not saying that It is q breach
Of oG,d faits; n | a% trying y 70 tS ainal Eysso, thS Pe %bieb
SSiSnt th@t P to restore Silver VI t eoina sssoi is NOT a Viol
istioa Of faith; II 1t has s7s no other signihG i1,,fe
In II hacauaa we have accumulated what that
resolution expected to DO Accomplished:
d Mr.; T ;ai,s AZ the anDr time II that .bs resolution ssn . sy wSs
Iowa. was there any law for the coinage of sill
Mr.. A~ilison-There was not. The question
pair the credit Of the United States or do some
fain no 20 pr eSnHss sisrnidosHcse unless Il Il is to MIN.
imize the credit Of the United States. II it had
but for the oS REASONS sso1 S %hieS ! l have stated ( can:
support ofthe resolution and ives asked by Mr.;
sas KID qS Seliass sS %Sle IL s iras SsiiiSR bore e ESIS
bullion. the Government, would still be entitled
TO a pHs shs p saS aeu ff?' NJ II s' berry replied. "by
law and equity and by the practice OF every
Mr.. ,Hoar-And tho Senator thinks We ought
Mr.. Berry-we ought to do II.
Mr.. Aldrich Of Rhode Island.It in the course
81 human events IL happens that q slvSr ooilaI
dollar, I understand your position to be that 1t
is not only the right but the duty of the Govern
ment to pay its debt In silver.
Mr.. Berry-Provided that that Is tho contract.
MI. Aldrich-Takipg advantage of the circum-
Stances
Mr.. Bcrry-Exactly.
Mr.. Aldrich-This Is q question affecting the
credit of the country now and hereafter. II the
gentlemen on that side Of the chamber believe
as the Senator, from Arkansas does, would It
not be fairer to have the matter clearly defined,
30 that 1t can be understood by the peoplef
Mr. Berry, am as MUCH in favor OF main.
tanning the honor of the United States as the
Senator from Rhode Islana.
In the course of further remarks. Mr.. Berry
said: While the President tries hard to hold
on to a few Senators on the other side who favor
blmetallism, like my friend Chandler. he has
not tho nerve to kick out the Secretary OF the
Treasury" [Laughter.l
Mr.. Teller spoke OF a "disposition on the other
sue to dodge the issue" The resolution, he