The Meeker herald., 1898-02-05
A VOTE OF Al TO S2.
TELLER RESOLUTION PASSED.
The Senate By stroag Majority Expressed
Its Views o. the Carrsaey 0asstson-
An Westefa Asa votsd for 8tavsr-AF.
Wolcott's Speech.

Its Views o. the Carrsaey 0asstion-
An Westsr. Asa votsd for siivsr-Mr
wolcott's speech.
Washington, Jan. 29.-After q debate
animated at all times. and occasionally
acrimonious, which occupied the great.
| er part Of the week, the Senate last
evening, by a decisive vote of At to 30,
passed the Teller concurrent resolution.
/ The resolution is practical reafirma-
ton of that Of Stanley Matthews in
1878. and is as follows:
That all the bonds of the United
States issued or authorized to be is
sued, under the said acts of Congress
hereinbefOre recited, are payable prin-
cipal and interest. at the option of the
government of the United States, in
silver dollars Of the coinage Of the
United States containing 412h grains
Of standard silver and that to restore
to its coinage such silver coins as a
legal tender in payment of said bonds,
principal and interest, Is not in viola
ton Of the public faith nor in deroga-
ton Of the rights of the public cred
itor.
All efforts to amend the resolution
were voted by majorities ranging from
hve to twenty-nine, Mr.. Lodges gold
standard substitute being defeated by
the latter majority. The vote on the
Lodge amendment was, ayes "a, nays
| SO.
The events Of the day leading up to
the dnal vote were full of interest and
Importance. II was'a field day for the
orators of the Senate, no less than
twenty-five senators embracing the op-
ffyy IN tha ppyhf
under discussion. The public interest
in the debate was attested by the at
tendance in the galleries. which were
crowded throughout the day. and that
it was important was evidenced by the
statement Of several of the speakers
that the discussion was but the prelim-
mary alignment Of the great political
parties for the contest of 1900.
From 10 o'clock this morning until
Z this evening the contest was contin-
ued. When the voting began 1t was
evident that party lines were being
broken on both sides of the chamber
but 1t was on the substitute offered by
Mr.. Lodge of Massachusetts that the
most decided break occurred. On the
Republican side, Mr.. Allison of Iowa
and Mr.. Burrows of Michigan did not
answer to their names on that roll call,
and many Of the Republicans voted d.
rectly against it. Upon the final pas
sage Of the resolution. some Repub-
licans who supported Mckinley and
the st. Louis platform. in 1895, like
Carter of Montana, Chandler of New
Hampshire. Clark Of Wyoming, Pritch-
ard Of North Carolina, Shoup Of Idaho,
Warren of Wyoming and Wolcott of
Colorado. voted for the resolution.
y-v- T..
luton, said:
THE discussion upon this question.
It seems to me, has gone far afleld of
the resolution. AS 1t was introduced,
1t is in words and phraseology identi-
cally the Matthews resolution, which
met, twenty years ago, the overwhelm-
ing approval Of this body under condi-
donB which have not since materially
changed.
1.-The binding force Of that resolution
70 recognized to-day by almost every
senator on this side of the chamber.
This resolution has nothing on earth
to do with the question of the unlim-
tied coinage of silver. 1t lays down a
legal principle. defining the phraseol-
ogy OF our bonded Indebtedness. Be-
yond that It does not go.
ANY senator who believes in silver
monometallism, or in bimetallism, or
in gold monometallism can vote for
this resolution with clear conscience,
because 1t embOties the exact state
ment of the terms Of the obligation of
the government.
"There has not been any question as
to the character of the money which
has been paid, either upon the princi-
pal of the small amount of bonds
which have become due, or upon the
interest due from time to time upon
our bonds. nor are the many other
questions which have been imported
into this discussion involved in the
slightest degree respecting 1t.
1--WE have had a most extraordinary
spectacle developed here. Senators
have risen in their places and, invok-
ing the pensioners of the government
against this declaration Of a legal
right. have declared that the pension
ers of the government are the true
bondholders and that because the ef-
feet Of the passage Of a bimetallic
measure might be to raise the price of
agricultural products, therefore those
who enjoy the pension of the govern
ment for service upon the field of bat
tie should join hands with the gold
monometallists and make our bonds
SpeClucnuS puSuoie III Soiu. cHu
easily picture the consideration which
the pensfoner would receive at the
hands of the Indianapolis convention,
and the warm and sympathetic treat
ment that would be extended to him
by the great clearing house associa-
tions.
I'm 1870 the standard of money in
this country was 41211a grains Of silver.
No man doubts that. In 1870 when we
voted to issue the bonds there was a
provision in the act that the bonds
should be made payable In coin Of
standard value. The coin of. standard
value was 412h grains Of silver. 1t
was exchangeable for 23.22 grains Of
gold, because the mints were open to
both, but the standard was the silver
dollar. In 1873 the free coinage of sill
yer was destroyed by law.