The times., 1898-01-28
suage does not authorIze and by tight.

guage does not authorize and by fight
ing sham battle"
MIR. Jones. of Arkansas, denied that
any Senator had made statement
tnar u- .~@"ored ,,.eying the bonds in de-
preciateu money.
Mr. Aldrich i,,,.......l,ated that Nv. M. S EarrS
Ia" made such a statement. This Mr..
| Berry oenied.
The Senator from Massachusetts
tMr. Hoarl," said Mr.. Berry, asked
me whether, if i were wrong in think
ing that free coinage of silver would
not result In deprecated currency,
would still be in favor of paying the
bonds in that currency, and said. not
withstanding that fact, that the bond
holders having agreed by express con-
tract in the bond to accept silver, we
had an unqueStioned right, in morals
and in law, to pay in that money, al
though ii might be deprecated. That
is what 1 said, and i repeat it today"
MIR. Lindsay, Of kentucky, said that
it was never IA violation of public or
private faith TO keep contract ac-
cording to its letter and spirit. Then
Mr.. Lindsay asked Mr.. Caffery wheth-
er il gold should depreciate and silver
should appreciate. the Government
YER as the better kind of the two. Mr..
Caffery's answer was that the Govern
ment was morally bound TO pay in the
better metal; if. therefore. gold depre-
ciated, public faith would require the
payment to be in silver.
AT another point in Mr.. Lindsay's
speech, Mr. Aldrich said with some ex-
citement in manner that the resolution
was in the interest of Mr.. Bryan, and
that it was under Mr.. Bryan's leader
ship that the Senator from Kentucky
sought TO sustain the resolution.
And he ought to be proud of it, Mr..
Stewart exclaimed amidst general
laughter.
THE Senator from Rhode Island"
Mr.. Lindsay retorted, had better look
after his own leadership instead of
troubling himself about mine
Il am not expecting" said Mr.. AL
drich, that the Senator from Ken
lucky Will vote under my leadership.
Discipline on his side of the chamber
is too strong for the Senator from Ken
tucky ever TO swerve from loyalty
to the Democratic party. / wish the
party loyalty We're as strong on this
side of the chamber
This last shot at the silver Republic
ans stirred up Mr.. Wolcott, of Colorado,
who exclaimed, Il wish, too. that the
members of the Republican party on
this side of the chamber would stand
by the principles and tenets of the
party and not go off at the behest of
an indianapolis convention, which
wants to force the single gold standard
on the country This retort brought
forth applause both from the Demo-
cratic side and in the gallery.
In concluding his speech. Mr.. Lindsay
said that he would vote in accordance
with the statement he had made at the
outset, and that if the conditions should
change so that the payment in silver
would produce hardship on the public
character, the question would then be
presented as TO what policy the Govern
ment should pursue under the changed
conditions
Mr. Caffery. of Louisiana, another
gold Democrat. followed MIR. Lindsay.
but took directly opposite grounds. The
sting of the resolution. he said, was in
its tail. The very gist of the whole
matter was III the concluding clause.
which looked TO the free coinage of
silver He spoke. of the battle between
the two standards. and gave il as his
opinion that the object of the resolu-
tion was 10 back up and give strength
and courage to the next President.
whom the friends of silver hoped TO
elect
Mr.. Smith, Democrat of New Jersey.
thought that such a wide range had
been given 10 the debate that the sub
ject matter had been largely lost sight
Of He did not know for what purpose
the resolution had been introduced. and
he had supposed until a few moments
before that il had been brought to the
attention of the Senate by the Senator
from Rhode Island. Mr.. Aldrich, for po-
litical purposes.
Was the Senator under the impress
sion.'' asked Mr.. Aldrich with some
surprise, that / introduced the resolu-
tion?"
Il acquit you of it entirely now" Mr..
Smith replied, because you say you
had nothing TO do with it, ! will eX-
plain why / thought SO. This resolu-
ton is simply reaffirming what is al |
ready on the statute books"
Mr.. Aldrick replied that the Stanley
Matthews resolution never had the |
force of Law.
And this" said Mr. Smith. lis prac. |
ically reaffirming il, so that it is no |
lew legislation
None whatever" said Mr.. Teller.
Il intend to vote for the resolution" |
Mr.. Smith. In doing so / |
10 not give up my views or opinions |
Is regards the question OF gold and |
silver / have my decided personal |
Jews as to the ability OF the govern |
nent to maintain the free and unlim-
ted coinage Cf silver at 16 to l. While |
am not in favor of the free and un-
limited coinage of silver. j have had /
erious doubt rs to our ability to main
ain the parity which We all desire to
ave maintained between gold and sill
-er at that ratio. The debating of |
his question with the effect of alien
ting a number of Senators on the
ther side and Of bringing Senators on
his side together would suggest that
t was a plan for an apology and ex-
use for Republican Senators to go be-
ore the people and argue that there
an be no currency legislation. That
pology viii not answer"
In reply to a. question by Mr.. A1drich
s to whether he understood the reso-
ition to mean the restoration of silver
oinage, Mr.. Smith replied that he un.
erstood that to be legal question
Then" asked Mr.. Aldrich. endeav-
ring to draw Mr.. Smith from his reti-
ence. ''the Senator from New Jersey
oeS not agree with Mr. Berry that
he resolution is a declaration in favor
f the free coinage of silver
Il did not hear what the Senator
rom Arkansas said. and, therefore.
annot answer your question:" was the
vasive reply.
Mr. Cockrell made one of his charac-
.ristic speeches in which he presented
le standpoint of the advocate of free
liver in clear and convincing man.
er He quoted with great effect a
leech of Senator Allisons in the Sen
Le a few years ago to the effect that |
the nations were TO demonetiZe gold
nd remonetiZe silver there would be
vast depreciation in gold, and that
was legislation which gave the two
etals their money value Mr.. AlIi-