The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-01-28
Mr.. DANIEL CONCLUDES
HE SUPPORTS RESOLUTION IN A
LEGAL ARGUMENT.
MR.. MKINlEY IS POlNTEDLY QUOTED
The Great Men Who in 1878 Supported the
ResoIution-.Mr. Lodge Speaks to His
Resolution and is Opposed Spiritedly
by Senator CockrelI.

row at six p. IN. the Senate will vote
upon the Teller resolution and the pend
ing amendment thereto. When the
Senate to-day took mp the resolution
the agreement made last week that the
final vote upon it should be taken be-
fore adjournment to-day was changed
in order that all Senators might have
an opportunity to speak. To-morrow's
session will begin at 10 o'clock a. an,
and after p. IN. the speeches will be
confined to fifteen mintes each. To-
days session continued for more than
six hours, the resolution being under
discussion throughout practically the en-
tire session.
After the agreement to vote tomorrow
had been reached. Mr.. Daniel resumed
his speech begun last evening. He
made legal argument in support of the
pending resolution. holding that the law
never contemplated giving to the gov
ernment's creditor the option as to the
kind of money he was to be paid. The
creditor would naturally pick that dol
lar which the most valuable to him.
but he did not know which he would
receive he would do his utmost to main
tain the parity of all dollars.
Ever since the passage of the resolu-
ton "a score of years ago it had stood
as law, unchallenged and unassailed.
Mr. Daniel then enumerated the
great men who supported the resolu-
tion in 1878 beginning with the distin-
guished author. Stanley Matthews. and
concluding with the present President
of the United States.
He thought, therefore, that attacks
upon the honorable motives of the sup
porters of the resolution now were i'll
timed and unwarranted. He quoted
from a speech delivered by Mr.. Mckin-
ley at Toledo in 1890. in which he sharp
IL criticised President Cleveland for dis
honoring one Of the precious metals,
discretfiting silver and enhancing the
prince of gold WAS Mr.. Mckinley
paming off namby pamby nonsense
upon the country. as the Senator from
Connecticut Platt) would have us be-
lieyeg' asked Mr.. Daniel.
Mr. Daniel read a letter written by
former Senator, now Secretary of State.
John Sherman, in which he denounced
as a repudiationist and extortioner one
who demands money in liquidation of al,
obligation more valuable than he gave
Il s
ton as declaring it to be "a foul in
Justice upon the country to pay the
government bond-holders who secured
the bulk of the bonds for about sixty
cents on the dollar in better money than
they paid for Them.
After reviewing an analyZing at
length, the financial legislation of the
past quarter of "A century, Mr.. Daniel
said that Congress ought to keep the
pledges of both the Republican and
Democratic parties to discharge govern
raent obligations in the legal tender
of the country. Thus. alone, he
thought. could the United States build
mp an independent system of finance
and escape from the clutches of Wall
street and Downing street.
II would not repudiate a single dollar
of the governments Indebtedness. in the
money of the country provided by law;
but / stand here TO support the consti-
tuition of the United States and the
statutes enacted by many Of the ablest
and most honorable men of the count
ry."
In conclusion Mr.. Daniel paid an elo-
gnent tribute to the Democratic party.
Mr.. Lodge followed Mr.. Daniel. He
said he did not expect to add much to
the sum of information and misinforma'
ton on the subject before the Senate
but he desired to express his opinion
and his reasons for offering one of tht
amendments which he had presented
and upon which he would ask the Sen
ate to vote. That amendment was orr
ginally offered to the Stanley Matthews
resolution by Senator Edmunds, of Yer
mont. He held that it was point wei
made then, and believed it to be ever
more distinctly applicable now.
He held that the country was con
fronted with two propositions, one OF
which it would have to accept. Either
the existing gold standard must be main
tanned or the country must authorize
free silver coinage. The latter alterna
tive means, said he. the Disappearance
of gold from circulation and the placing
of the country upon silver basis.
The adoption of the resolution and the
enforcement of its provisions would bf
a policy fraught with great danger Il
the country and to the people.
Mr.. Lindsay. CKentucky), followed il
a set speech in support of the resolu
ton. He declared himself in favor OF
having all money of the United States
whether coin or paper, kept equal to the
hest money of the world.
In a colloquy between Mr. Lindsay
and Mr.. Gallery, the latter declared
'"The government is morally bound t.
nay its obligations in the best money
If gold should depreciate and silver
should exceed it in value, it would be ;
violation of public faith to pay our OBJ
legations in gold"
Mr.. Gallery, louisiana delivered al
extended speech in opposition to tn
resolution. If this resolution mean
what has been attributed to it. said he
it is clearly a violation of public NOR
atty, if / have any proper conception 0
what public morality is.
Mr.. Cockrell supported the resolution
He discussed the question at som