The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1898-02-05
THE TELLER RESOLUTION.

Just as we were going to press last
week the United States senate adopted
by vote Of 81 against SO the following
resolution introduced by Senator Teller,
Of Colorado:
THAT all the bonds Of the United
states issued or authorized to be issued
under the said acts Of congress here
lnbefore recited are payable, principal
and interest, at the option of the govern
ment of the United States, in silver
dollars Of the coinage Of the United
States containing 412R grains each OF
standard silver; and that to restore to
its coinage such silver coins as a legal
tender in payment OF said bonds, prin-
cipal and interest, is not in violation
OF the public faith nor in derogation
of the rights of the public creditor"
Senator Nelson, of Minnesota, offered
an amendment to the effect that the
government maintain the parity in value
between gold and silver as under exist
ing laws, hut it was rejected by a vote
OF AZ to 81. Seven of the senator's who
supported Mckinley in the last compaign
voted for the Teller resolution; namely,
Carter, Chandler, Clark, Pritchard,
Shoup, Warren and Wolcott, and three
OF them voted for the Nelson amend
ment. This vote indicates beyond per-
adventure that the bimetallists control
the senate as the gold men control the
house.
When the resolution reached the
chamber where Car Reed presiles it
was defeated by sixty majority. the vote
standing, ayes 122, nays 1872 The de-
bate was cut short. Mr.. Bailey, of
Texas, was the principal speaker on
the Democratic side, and in closing adj
dressed the Republicans, saying:
Does one Of you believe that il the
bondholder owed the government under
similar contract that he would not
exercise his option. If it is right that he
should exercise his option rs he. would,
we believe the government las the same
right with their position reversed. Dem
ocratic applause.) We are ready to meet
you on this issue-the issue that the
money which is good enough for the
people who produce the wealth. is s,ood
enough for the idlers who spend it; that
the money which is good enough for The
poor is good enough for the rich; that
toll and the merchant for his wares is
good enough for the boniholder, and,
by the eternal, he shall be compale..
to take it,"
publican organs representing the pluto
cracy condemn the action of the senate
and applaud the action Of the house.
These who voted for the resolution are
called TRAITORS" while those who voted
against it are patriots"
The subsidized sheets call the DEM
ocratic and Republican members who
voted for the resolution pack OF scoun-
drels for favoring the free coinage II
gold and silver. They charge them
with favoring ''depreciated silver dol
lars in which to pay the bondholders
instead of paying them in gold, fer
getting that the, bonds are to be paid
lin COIN" which means either gold or
silver at the option OF tho government.
With free coinage OF gold and silver,
as before, the servile organs OF the
goldocracy forget that there would be
no "depreciated silver dollars" at all.
But none are so blind as those who will
not see. The people OF the United States
will pay their debts "in the bcs, Money
in the world" and that is gold or silver,
according to their pleasure. They will
not have one money for the rich and
another money for the poor. The man
who fought the battles CT the civil war
to preserve the union of the states will
and must haze the same money as the
British Dondholder who did his utmost
to split the country into fragments Il
generation ago. The same organs don't
want international himetali:sm as prom
sed by the st. Louis platform. They
want gold. gold, gold. and nothing else
but gold: and they desire that the gov
er:.-Hent go cut of the banking bust