The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-28
SILVER FIGHT IN SENATE.
THE DISCUSSION or THB TELLER
REsoI UTION CONTINUED.
~uo Gold ncmocrsts. Lindsay or Kentueky
ana smith or New Jersey, Announce Their
,n,e,,,on 10 Vote for h-Cnncry OF bou-
,.,.,, o,po.rs IT In - vigorous Speech.

,.,.,, o,po.ra 1t In n vigorous Speech.
v,su,xcroN. Jan. 27.-Tho debate in tho
sono,o today on the Teller resolution was
noortc1 nv many noteworthy incidents. After
4, wos Settled that the time for taking tho vote
.horld h, postponcd till O o'clock tomorrow.
Tho session to begin Mt 10. Senator Daniel of
VIRGINIA resumed the floor and continued the
.rrvncnt which he had begun yesterday In
nupuort OF the resolution.
twas a carefully prepared speech. and was
rohc,rscd with much orntorical effect. Its de-
ivory occupied two hours. Ho quoted from n
s,eerh by Mr.. Mckinley Mt n meeting OF Rcpub-
licon clubs in Toledo on Sept. IL. 1890. critics.
iry President cleveland and charging him with
"disbonuring one OF tho precious metals, dis
crcdi,inr silver and enhancing the price Of
gold .,
,hot hc favored international bimetallism,
olwovs had favored ii. and had done what little
h, could do to promote 1t. He regretted that
,ho o,trmnt Mt mn international agreement had
failed and he hoped that in the future IL might
.uccccd. Relieving as he did that that was tho
only possible form of bimetallism. the choice lay
now between the maintenance OF tho existing
,ola standard, to which tho Republican party
had plcdgcd itself in 1896, and the free and un-
limited coinage OF silver at 10 to- 1. He argued
TINT in law and in morals the Senate ought not
70 pass the resolution. He believed that, while
an option was given in the bonds by the use Of
the word coin instead OF gold the choice
rbould remain with the creditor.
Mr.. Lindsay of Kentucky, gold Democrat,
thought it unfortunate that those who advo-
Gated sound money had accepted the issue ten
dered them by the resolution and had made
their first fight upon 1t, with not only tho GER
ta,ntv of their defeat, but with the conscious
ness OF being wrong in their Interpretation. He
argued that the question presented in the reso-
lution was one of law. not of policy. He thought
that it would have been better to postpone the
resolution indefinitely. as there was no more
reason for its readoption than there was
for the readoption of the Declaration Of
Indenendence The concurrent resolution
of 1878 had lost none Of its vitality
or force by the lapse OF twenty years.
So long as parity was maintained between gold.
silver, and notes, it made no difference in which
money the bonds were paid; SO that the Senate
was dealing with n mere abstract legal PROPOSE
tion. The Treasury Department would be. after
its passage. as free to pay in gold as 1t was to;
day. iii" said Mr.. Lindsay: the vote had
norted II, it would have passed ont of sight and
attracted no attention from bondholders or cred.
It Important BY attributing to 1t an effect which
It's language does not authorize, and by lighting
sham battle
Aldrich said. with some excitement in manner,
that the resolution was in the interest OF MT.
leadership that the Senator from Kentucky was
to-day sustaining the resolution:
And he ought to be proud OF IL MT; stewart
.'The Senator from, Rhode Island" Mr.: Lind.
say replied, had better look after his own
II am not expecting" said Mr.. Aldrich., that
the Senator from Kentucky will vote under my
l bsr /, ,ad stra Rise ip p the 81 se mate STR, from ai K has tneini
ever to swerve from loyalty TO the Democratic
party. / wish hat party loyalty were as strong
This last shot at the silver Republicans stirred
up Mr.. Wolcott Of Colorado. who exclaimed,
party on this side OF the chamber would stand
by the principles and the tenets of the party
and not go off at the behest OF an Indianapolis
Convention, which wants to fasten the single
gold standard on the country Applause on
that he should vote in accordance with the
statement no had made at the outset. and that
Mcondition,ss should asuaSos change SsrS. 50 that an payment tSn ensl IN
creditors. the question would be then presented
as to what policy the Government should pursue
Another Of the gold Democrats followed Mr..
Lindsay. but took a Numerically opposite posi-
was Mr.. Caffery Of Louisiana The. sting of the
resolution. he said, was In Its tail. The very
gist of the whole matter was In the conciuding
yer. He spoke OF the battle between the two
standards, and gave 1t as his opinion that the
object of the resolution was to back up and give
strength and courage to the next President.
whom the friends of silver hoped to elect.
Mr.. Smith (Dem., n. ~ expressed his purpose
to vote for the resolution on the ground only
that 1t was but a reassertion OF what had been
on the statute book for the last twenty years,
and had done no harm. He. expressed his con-
yiction that the purpose and object Of Republic
can Senators in getting up tho debate was that
they might have an excuse to give for not pass
ing any currency legislation.
Mr.. Aldrich-Did / understand the Senator to
say that he was or was not in favor of the free
and unlimited coinage of silverl
Mr.. Smith, am opposed to the free and un.
limited coinage of silver at 10 to 1.
Mr.. Aldrich-Then of course the Senator
does not understand the resolution to mean the
restoration Of silver COINAGE. .
Mr.. Smith, understand that 1t Is q legal
question.
Mr.. Aldrich-Then the Senator does not agree
with the Senator from Arkansas tMr. Berry,
that the resolution Is a declaration in favor of
the free coinage Of silveri
Mr.. Smith, did not hear what he said and
cannot answer your question.
MIR. Cockrell Dem. MOI made O speech In
support of the resolution. He quoted with great
effect a speech Of Senator Allison in the Senate
q few years ago, to tho effect that IL the nations
were to demonctize gold and remonetiZe silver
there would be a vast depreciation in gold, and
that 1t was legislation which gave the two metals
their money value.
Mr.. Cockrell concluded at $50 o'clock. Thon
Mr.. Stewart of Nevada took the floor. and the
Senate adjourned till tomorrow morning at 10.