Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-28
SHERMAN AND MORTON.

the senator from Connecticut CMr. flatO
would have us believer
SHERMAN AND MORTON.
Mr.. Daniel read a letter written by
former senator. now Secretary OF State,
John Sherman in which he denounced as
a repudiationist one who demands money
in liquidation more valuable than he gave
for it.
He also quoted oliver p. Morton as de-
claring il to be a foul injustice upon
the country to pay the government bond
holders, who secured the bulk of the
bonds for about 60 cents on the dollar, in
better money than they paid for them.
After reviewing and Analysing at length
the financial legislation of the past quar-
Ter of century, Mr.. Daniel said that
Congress ought to keep the pledges of
both the Republican and Democratic par
ties to discharge government obligations
in the legal-tender of the country. Thus
alone. he thought, could the United States
build up an independent system of finance
and escape from the clutches of Wall
street and Downing street
Il would not repudate a single dollar
of the governments Indebtedness IN the
money Of the country provided by law;
but | stand here to support the Consu-
tuition Of the United States, and the
and most honorable men of the country"
In conclusion. Mr.. Daniel paid an elo-
quent tribute to the Democratic party.
LODGE ON HIS AMENDMENT.
Mr. Lodge followed Mr.. Daniel He
said ne did not expect to add much to
the sum of information and misinforma-
ton on the subject before the Senate, but
he desired to express his opinions and his
60, NJ the amend
ments which he had presented. and upon
which he would ask the Senate to vote.
That amendment was originally offered
TO the Stanley Matthews resolution by
Senator Edmunds. Of Vermont. He held
that it was a point well made then, and
believed il 10 be even more distinctly ap-
plicable now.
He held that the country was con-
fronted with two propositions-one Of
which il would have TO accept. Either
the existing gold standard must be main
tanned, or the country must authorize
free silver coinage. The latter alterna-
tive means. he said, the disappearance
of gold from circulation, and the placing
of the country upon a silver basis. The
adoption Of the resolution and the en-
forcement Of its provisions would be a
policy fraught with great danger to the
country and to the people.
LINDSAY AND CAFFERY.
Mr.. Lindsay, of Kentucky followed IN
a set speech in support of the resolu-
ton He declared himself in favor of
having all the money of the United
States. whether coin or paper, kept equal
TO the best money of the world.
In a colloquy between Mr.. Lindsay and
Mr.. Caffery, the latter declared: THE
government is morally bound TO pay It's
obligations i'm the best money. If gold
should depreciate and sivev should ex-
coed ii i'm value, IT would be a viola
ton of the public faith to pay our obli-
cations in gold"
Mr.. Caffery Of Louisiana. delivered an
extended speech in opposition to the
resolution. If this resolution means what
has been attributed to it, said he, 1t is
clearly violation of public morality. If
have any proper conception OF what
public morality is.
Mr.. Cockrell supported the resolution.
He discussed the question at some length,
taking up and defining various or the
enactments since 1870, 10 show that the
United States bonds are properly declared
IN he payable in silver. No nation OF the
world has ever yielded the option OF
paying its obligations in its standard
money. said Mr.. Cockrell The opponents
of the resolution were working In the IN
terest of the bankers Of the world.
"Oh that we had i'm the White House
an Andrew Jackson" cried Mr.. Cockreli'
that ne might say to these bankers; by
the Eternal, you shall take the STANDARD
silver dollar in payment for the obliga-
lions you hold That would settle TINS
question very quickly
The Senate, at the conclusion OF MI
! Cockrelrs speech, adjourned at 600 r.
1 M. on motion of Mr.. Vest, Of Missouri
until 10 A. NJ. tomorrow.