Daily press. [volume] (Newport News, Va.) 1896-current, 1898-01-28
NEWPORT NEWS VA. FRIDAY, JANUARY 2S 1898

Mt Daniel resumed his speech begun
last evening. He made a legal argument
in support of the pending resolution,
holding chat the law never cor tempfatel
giving to the governments creditor the
option as to the kind of mGnyy he was
to be paid. The creditor would natur-
ally pick the dollar which was the snost
Valuable to MIN, but if he did not know
which he would receive he would do his
utmost % maintain tie patty IF ali dol
.arS.
Ever stree the rassage of the L solu-
ton q score Il years ago it had stood
as Jaw. un hiflenge-i and unaSsailSd.
MI DaHicl teen ennumarated the great
men WAC supported th=' resolution in
1873. b ginning with the dlstir,gu shed
author. Stanley Matthews. ana, conclud-
ing with the Pr sent President OF the
United States.
lie thought. tbs refore. that attacks
upon the n Jncnble motives of the sup
porters cf the resolution now We're ill
timd and uEwlrran;ed. He quoted
from a speech delivered by Mr.. Mc&in-
ley at Toledo. in 1850. in which he sharp
iy critic iZe'i Pres dent Cleveland fn. dis
honorins 4rhe of the precious rr,GGals, dis
c!editing silver and enhancing the price
of gold
Was Mr.. Mckinley palming off nam
by nonsense upon the country, as the
.'ShSttoi IipHn connecticut (Mr. IlatO
would. have MS btlieve?' asked Mr.
Daniel. MIR. Daniel rad a letter writ
ten 10y former Senator now Secretary
or state. John sherman. in whieh he
denounced "a q r., pudiat ZIONIST and eX-
tornoner one who Ok mands money IN
liquidation of an obligation more valua-
be than he gave for 1t. He also quoted
oliver p. Morton as declaring it to be- a
toul injustice upon ths country to pay
the government hondboldsrs who secur-
ed the bulk of the bonds for :. bout sixty
cents on the dollar In better moo+y
than they paid FOR them.
Altsr reviewing and Analysing at
length hhe financial legislation OF the
past quarter of q century, MIR Daniel
said that Congress ought to keep the
pledges of both the Republican and
Democratic parties to discharge govern
ment Obligations in tbs legal tender of
the country. THIS. alone. he thought.
could the United States buliI up an in,-
dependent system of finance ana escape
from the clutches or Wall Street and
Downing Street.
I would not repudiate a single dollar
Of the governments Indebtedness, in thu
monvy OF the country provided by law;
out stend here to support the consti-
tuition of the United Sta tes and tn.
statutes enacted, by many of the a.hlest
and most honorable men of the
country"
In conclusion Mr.. DAME. paid an 60
quent tribute 70 the Democratic ga rty.
Mr.. Lo:se followed Mr.. Daniel. He
slid ne I'D net expect to add much to
the sum Ct information and miSnfcTma
ton on the slhtect ~ for= the Senate
but he desired to express his opinions
and his reasons for Offering one of the
amendments which he had presented.
and upon which he wouhis ask the Sem
ate TO vote. That amendment was or
| girally offered to the Stanley Matth.T 5
resolution by Senator IIdmunIs. OF Yer
mont. he held that II was a point we'll
made then ard believed 1T to be tven
more distinctly applicable now.
He held that the country was con-
frona;d with two propositions, one OF
which it would have to accept E'tfle
! the existing gold standard must be
maintaincG. Cs' the country must au-
| thorze free silver coinage. The latter
alternative means. said he, the dsap-
| pea! ance of gold from circulation ana
| basis.
The od ption CT the resolution and the
enforcement of its provisions would be-
a policy fraught with great danger to
| th:: country and to the leop,e.
Mr. Lindsay. of Kentucky. followed in
| a 5 speech in support Of the .aselu-
ton. He de. Jared himself in. favor of
having an money OF the United States,
| Wheth&r coin on Ial'-r. kept equal to the
| best men Of the WOE Ia. In co1luQuy
! between MeSSrs. Lindsay and Cafe. y
| the latter declared: TIE z gNernment is
| morally htr"d to pay its Obligations in
| ths best mon y. If goli should depre-
| ciate and silver should exceed it in val
lie it woul:! be u visitation of public faith
TO pay our obligations in gold"
| Mr.. Caff<cy delivered! an extend Il
| snet Oh In opposition to the resolution.
| II this resolution means wha. has been
| attributed To- it, said he, It is Clearly q
! violation of public morality. If I hav'=
| any prolec conception of what public
| morality is.
Mr.. Cockreil supported the resolution
| He GisousSe. ta- question at some
length. taking up and defining various
| financial enact"nen'tS sin e 1870 to show
| that United stats BOMBS were properly
declared to he Payable in silver
| No nation OF H.: world has ever yield
ed the option of paying its Obligations
! in its standard money. said Mr.. C!gck-
| rel. The opponents OK the r solution
! were working in the intesest OF the
! bankers of the world.
| "Oh! that We had in th.e White House
| Andrew Jackson" cr',lr MIR. Cockrell
tfat he might say to these bankers:
BY the eternal you shall take the
| Standard silver dollar in payment ftl
| the obligations you hold That wculd
| SettL= this uues ton very quickly"
! Ths Senate. at the conclusion of Mr.
Cockrefl's speech. adjourned at ESQ p
| VI. on motion of Mr.. Vest, OF Miss auri
| unit, 10 =. NJ. tomorrow
! BALLOTINCI FOR SENATOR.