Daily press. [volume] (Newport News, Va.) 1896-current, 1898-01-29
VICTORY FOR SILVER
Teller Resolution Passes the
Senate.
PARTY LINES IGNORED
Bonds of the United States Payable at the
Option of the q government i'll silver
Dollars. Proceeding or
the House.
By Telegraph.)

| By Telegraph)
| WASHI NGTON, Jan. 2S-After a de-
bate. animated at all times, and occas-
,onally acrimonious, which occupied the
greater part of this week, the Senate
this evening by the decisive vote of AZ
to % passed the Teller concurrent res
|otution. The resolution is a practical
lreaffirmation of that OF Stanley Mat
thews in 1878, and is as follows:
THAT all the bonds of the United
| states, issued or authorized to be issued,
under the said acts OF Congress here
npelore recited. are payable, principal
ana interest. at the option of the gov
eminent of the United States in silver
dollars of the coinage of the United
States. containing four hundred and
| twelve and one-half grains each of
| Standard silver; and that to restore to
| its coinage such silver coins as a legal
tender in payment of said bonds, prln-
| cpal and interest. is not in violation of
! the public faith. nor in Cierngation of
the rights Of the public creditor"
| All efforts 10 amend the resolution
| We're voted down by maiorities rang
! ing from five to twenty-nine, Mr.
| Lodges gold standard substitute being
| defeated by the latter majority. The
vote en- the Lodge amendment was,
yeas, "A: nays, SO.
| The events of the day leading up to
the final vote were full of interest and
| Importance. 1t was a field day for the
lcrat1rS If the Senate, no less than TWEEN
| ty-fve Senators embracing The oppor-
tunity to speak on the subject under
discussion That the debate was inter
estinS was attested by the attendance
N the galleries. which We're crowded,
and that it was important was evil
| denced by the statement of several of
,he speakers that the discussion was
but the preliminary alignment of the
| great political parties for the contest of
| 1900.
From 10 o'clock this morning until :
this evening the contest was continued.
When the voting began it was evident
that party lines We're being broken on
| both sides of 1.-THE chamber, but it w4ls
on the substitute offered by Mr.. Lodge.
of Massachusetts,, that the most decided
ibreak occurred On the Republican
side Mr. Allison. of Iowa, and Mr.. Bur
rows, of Michigan, did not answer to
their names on chat roll eal, and many
Of rhe REPUBLICANS voted directly against
i il Upon the final passage of the res
olution. some Republicans who sup
i ported Mckinley and the ST. Louis
platform in 1896. like Carter, of Mon
tant; Chandler. of New Hampshire;
~. ~, :, ~ loi cha I'd Of North
wyoming; and Wolcott, OF Ssoloraoo7
voted for the resolution, because, as
Mr.. Wfolcott announced, they did not
believe the resolution committed those
4 who supported ii to the free and unlim-
!. TIED coinage OF silver.
| When the Senate met at 10 O'Clock, the
chaplain being absent. the Vice Presi-
dent opened the session without the US
Ual invocation
| BY unanimous consent the routine
business was waived, and MIR. Stewart,
of Nevada, opened the last days dis
custom of the resolution. In support
ing it. Mr.. Stewart maintained thai
money. whether it be silver or gold or
paper. was a creature of law, the crea-
ton OF money being inherent in all in
dependent nations. He said that this
statement had been upheld by the
highest tribunals and cited historical
instances Of such creation of money.
After a legal discussion of the money
question. Mr. Stewart said. referring
10 the speech of President Mckinley
in New York last night, that he regret
Ted to that the President had not
studied this question more deeply, and
| that he was utterly misguided
| Mr.. Cannon, of Utah, followed in sup
port OF the resolution. Vie believed
that the only way in which the parity
of silver and gold money could be main
tanned was to accord equal privileges to
both metals at rhe minis. He firmly
denied that the advocates of free coin
Sc We're in favor of anything but a 100
cent dollar.
We do not believe however" said
Mr.. Cannon, ''in the dei1ied dollar of
Grover Cleveland. which is worshipped
/
criticized the President for attending
banuuets OF millionaires in New York.
there perusing his menu bound in gold
and then declaring in favor of paying
government obligations in gold in vio-
iaton of the nations rights TO dictate
what money they should be paid in.
Mr.. Jones (Arkansas). said the ad-
vocates OF the resolution proposed to
pay the ful pound of flesh due,bu alb
sulutely not a bit more. In the course
l. in. ~ &c
cussnG the work of the monetary COM
mission, with special reference to its
recommenaa tons concerning banking,
that it was the evident purpose of those
behind the proposed bank legislation. to
fasten the gold standard on the coun-
try
Mr.. Jones said he made the broad
statement that no Democrats silver Re
publican or Popuist had ever declared
in favor of paying government oplisa-
TORS in a deprecia ted currency.
Mr.. Jones said the newspapers
unfriendly to the cause We're saying
THAT b.metallism was dead. Il believe,
said the Arkansas Senator. that the
peoples convictions upon this question
are more firmly fixed than ever before.
They are determined to restore silver
to its status before 1873 and we shall
do all We can to accomplish the result.
The first speech of the day in opposi-
ton to the Teller resolution was de-
nvered by Mr.. BurroWS, or Mlcn!San.
He said the Republican party was
pledged to secure if possible interna-
.ional binretallism and the President
would do everything in his power to
carry out that pledge. Meantime the
lexistng gold standard would be main
tanned.
Mr. White, of California. supported
the re.oluton. He spoke of the lack of
definiteness of the Presidents mes
sage on the larger questions of finance.
The Senator then referred ironically to
the New York banquet last night, at
which the President spoke. He spoke
Of the men who had gathered at THE
feast to consider means of improving
the condition of the poor workingman
and the farmer. 1t had been referred
to as "BelshaZZar's feast"
Mr.. Fairbanks, of Indiana, followed
lagainst the resolution. He said the pur-
pose OF the resolution was not frankly
eXpressed on its face. and it was only