New-York tribune., 1898-01-29
IT'S MEANING FREE COINAGE.


there was great diversity Of opinion on thnt
point He dii not think the resolution was any
thing than declaratory Of the law lie 'housn'
the statement IN the resolution thai such coinage
as contemplated by 1t was not in dcrosauoh OF INC
rights OF creditors could only mean we Zee ltee anu %
unlimited coinage OF silver ne Ts ,entop TO ne
pos, S the Tbn tbpx days after the original
the resolution measure was pes,"tt,u ~ olSgrI
ate which when passed ocpcon That was not in
accordance with the expressed intent or me fesou.
resolution was covert effort to fois free and IN
dependent coinage of sVeT on CT ourhi 70 have
presented a free coinage resolution. ,, ~,
You would no, hays 'oied Tor ssa MT Fnraker r
hut thai would have been ne iNr wg 6raSer 'S dn
carsa ninsclf in favor of International bime allism.
or as an alternative to maintain the presem' i"sn an.
resolution would not bring about bmetallism but
would force the Government TO silver basis basis.
Mr. nd Gh5Sn h m Of hc standard vcr dol
lars coinage and their use IN the payment oi the
Mr Nelson (Rep'. Mimi said that his objection
the Government 70 maintain The parity between n ne
metals as imposed IL BY law lie caused sup
R6sed 10 ,b Mrxean m hpar by DECLARING
former kept IT. at pnIiiy ,iTeb Win Fo'
A MONSTROUS PROPOSITION.
Mr. Allison (Rep. Iowa) spoke of the crcum-
stances attending the passage OF the Stanley Mat
thews resolution in 1878. To him 1t mad not meant
a, that time a declaration In favor OF the free ana
unlimited coinage OF silver. Other coinage meas
ures were pending at that time, and when one OF
these came over from the House The senator rom rom
Colorado (Mr Teller voted to strike out lhe pro
vision for the free coinage of silver ana voted lor
a limited coinage agreement. Mr.. Allison utclartu
that when he was being gbbeed on the crossroads
wanted r9'' IT Known G that the colorado Senator AMI
the Ohio Senator, who Introduced me resolnuon o'
vision. The clear purpose OF the pending reso.u,,
tion was to commit the country to the irfe :i. ana
almost automatic that such course, without con,
surrence Of other nations VIII isad me umted d &c,
silver mcnome,allism And yet Senators were asked
to sanction this monsrous NEUTRALITY-SUSPICIOUS.
MIR Allison reviewed his expressions for an In
habilitating silver. ana said the failure of tho
Weeo'i ala not bT1s d:spff fo to sysy these
In closing he said he could not support resolution
which would surely thrust the country to silver
Mr Teller explain that his vote in ls7s re.
of opposition to free coinage. but because IT was
not practicable at that time to secure a majority
Mr.. Gray Dem. DelJ urged that the resolution
could accomplish nothing ana was hollow ex- |
The resolution Itself as expressive Of truisn. ani
while superhuous he would vote for IT. He would
the question wholly without reference 10
Mr Allen Fop. Neb5 G insisted that the free coin
Of silver would restore the parity between god
Mr.. Bacon Dem. Ga.) took issue with the state
melltS ana conclusions or the senator from ONO
Mr. Foraker and the Senator from Iowa Mr
Alison discussing the present conditions as con
originally passed He held ina, The resolution ap,
piles distinctly TO The siiyernsgoc' 900 e',,a already
future The Government for the last six years had
resolution He maintained therefore that the pend
Ing resolution was most important rs DECLARATION
executive branch of the Government
AN APPEAL FOR THE BUSINESS MEN.
Mr.. Thurs,on Gep.. Neb) said that the legal obi-
cation Of the Government set forth in It's
contracts. and there need TO restate |
the terms OF those contracts. He would. he said |
so far as his vote concerned. follow his party |
in its declaration to maintain the parity of all the |
dollars of the Government. He closed with an ap- |
pc Pa 10 the sVfr men to permit the business men
affairs in order that they might ascertain where |
Mr.. Tillman Dem S. c. thought this discus
sion was simply the maneuvrlng Of the great po- !
a Was 10 PaeS M ior P position M in the great contest that
WIN, WIN IN that contest as they had won in every fight
hypocrisy the financial plank OF the Republican
platform, and insisted it was effort to fasten
its essence he said the qu, stion was whether the
greenbacks should be redeemed and aditonal pow
attack upon ex-conroer Eckels for his ac-
Of ana declared dff' h ho fad b1nf Tax
six Of the last ten Contro lers Of the currency '"s
10 be presdents Of Naton bsSs or t G
panies proved that those men owned by the
s; Mr. H@Tley Rep., Conn) said that the original
mere campaign threat and did not nave about 4
enough OF chemical qualities to make a stencil Tho
without rcferncd to that 10 pay s o0saons 5 ms
thought the passage OF the pending resolution
Ha Of he Saona debt bt'S IN SS SEfed dosls ia he pay
Mr. Gal,IinEer lRep. y Id said he would
the danger Of free coinage. which he regarded as
an iridosoent dream. and because he wanted the
Of the world.
NO REASON FOR IT'S PASSAGE
Mr.. Ekins (Rep. ". Va thought that as a legal
proposition the resolution could not be success
fully assailed. but he could see no reason for its
passage now. He said there were times when the
bondholders could be treated with Indifference but
he asked Mr.. Teller whether II war were declared
tomorrow he. he would Introduce such a resolution as
try could raise no money on bonds in the markets
o. the world II the decaratons OF the resolution
mean the free coinage Of silver ''N''
r To MSrren s6T n. hP Wy0) m his purpeso
the resolution as 1t stood. and not for any uteror
Mr.. Culiom CRep. Iil) announced briefly tha. he
would vote against the resolution because it was
Mr.. Butler pop. y. G.. advocated the resolution
Mr., Rawlins rep. Utah) said the question was
the legal obligation in the so-called best money
OF far greater value than the money with which
the bonds were bought.
THE OPENING OF THE CAMPAIGN
MT. AIorich tftcp, X l) sald that II had not
needed the declaration Of Mr. Vest to disclose that
this issue the opening of the campaign Of
1895. 1t the opening OF contest between
those who favored a cheaper money and those
who believed that the United States was bound at
every hazard to maintain the parity OF every
dollar ever issued By the Government 1t was
the opening OF contest between silver monomet-
sllism and the friends of real biinetalllsm. AT a
time when the Republican party was seeking to
streng the currency OF the country this mlser-
able brought forward.
we intend to meet this issue sQuarey," de-
cared Mr.. Adrich. I'VE responsible to the
great party represent. and beyond that TO the
American people. and propose, so far az we
may. TO maintain the honor and the credit OF the
Mr Aldroh declared that the resolution wns