Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-01-29

in Which All Phases of the Money
Question Were Gone Over.
Washington, January 2S-After
Iabate. animated at all times and &C.
,asionally acrimonious, which occu.
lied the greater part Of this week,
he Senate this evening" by the decis-
Ne vote of AZ to 80, passed tie Teller
,oncurrent resolution.
Tie resolution is practical reaf-
rrmation of that of Stanley Matth-
ews 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
herein before recited. are payable. prin-
cipal and interest at the option OF tie
government of the United Starcs 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
legal tender in payment of said bonds,
principal and interest, is not in VIOLA
ton of the public faith nor in derCga-
ton of the rights of the public cred
itor"
All efforts to amend the resolution
were voted down by majorities ranging
from five to twenty-nine, Mr.. Lodges
gold standard substitute being defeat
ed by the latter majority. The vote on
he Lodge amendment was ayes "a,
lays So.
The events of the day leading up to
he final vote were full of interests
and Importance. 1t was field day for
the orators of the Senate, no less than
twenty-five Senators embracing the
opportunity to speak upon the subject
under discussion. That the debate was
interesting was attested by the attend
ance in the galleries, which were
rowded throughout the day, and that
was important was evidenced by the
tatements that several of the speak
rs that the discussion was but the
preliminary alignment of the great po-
itical parties for the contest of 1900.
From 10 o'clock this morning until
this evening the contest was contin-
led. When the voting began it was
4vdent that party lines were being
broken on both sides of the chamber,
but it 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 directly against it.
Upon the final passage of the reso-
luton, some Republicans who support
ed Mckinley and the st. Louis plat
form in 1896, like Carter, of Montana;
Chandler, of New Hampshire; Clark,
Of Wyoming; Pritchard, of North Car
DINA; Shoup, of Idaho; Warren, of
Wyoming, and Wolcott, of Colorado,
voted for the resolution because, as
Mr. Wolcott announced, they did not
believe the resolution committed those
who supported it to the free and I'M
limited coinage of free silver
In accordance with agreement, the
Senate convened at 10 a. m. to-day.
BY unanimous consent the routine
business was waived, and Mr.. Stewart
New opened the last days discussion
Jl the Teller resolution. In support
III the resolution Mr.. Stewart main
.alned that money whether 1t DE Sill
ytr or GOLD or paper, was a creature Oh
law. the creation of money being IN
herert in all independent nations. lie
said that this statement had been up
held Inv the highest of tribunals and
cited historical instances of SUCH cred-
ton of money.
After a legal discussion OF the
money question, Mr.. Stewart sald, re-
fauing to the speech of President NC
Nmley in New York last night, that
he regretted to see that the President
had not studied this question more
deeply and that he was utterly mis-
studied He quoted the following SEN
tanCe from the Presidents speech:
Nothing should ever tempt us, moth
ne Will tempt us-to scale down the
sacred debt of the nation through a
legal technicalitv. Whatever may be
The language of the contract the United
States will discharge all of its obllsa-
tlons in the currency recognized as the
best throughout the civilized world at
Jhe time of payment"
MIR. Stewart thought this remarkable
statement meant simply that nothing
bnt gold was good enough for the
hondholder. Mr. Mckinley, said MI
stewart, refers to the option of the
government to pay its obligations III
4ther gold or silver as a mere techni-
ality, and he did this too in the face
)t his own vote in favor of the resolu-
ION we are considering. Now tie
President calls this option of the GOV
eminent worth thousands of millions
mere technicality. What lam
suage for President to use eXclaim-
el Mr.. Stewart I'VE cannot use this
money in the treasury unless ii is rec
osnized by other nations of the world
"s the best money. The despois anu
Aold sYndicates OF Europe are TO name
'he Kind of money. regardless of what
Jhe law Of the United States may be-
referring to Secretary Gage, Mr..
stewart said he believed the secretary
70 pc an honest mana man who
would not rob bank. but he said 1t
was difficult for Mr. Gage to look at
lhls question except from the stand
t'lAt Of banker He thought it I'M
ioItunate that the President had