The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-29

| MT. faifDAnks tlnu.) followed dHt-nse
the resolution. In the course OF his re-
marks he read a telegram received by him
from Secretary Gage as TO the methods IN
paying bouds. In this message Mi Gage
states that gold when demanded, Is not
refused. but MS a matter OF fast goll Is
seldom called for and few payments are
made in gold. Commenting in Mr.. Toll
cr's speech on Cuba, China ami the need
OF strong foreign policy. Mr.. Fairbanks
declared he feared the Colorado senator
would be willing to see his country
| wrapped In the flames OF war II his one
aim Of free silver was accomplished, for,
said the Indiana senator the first gun
fired would brihg us to a deprsciitsd silver
basis.
Mr.. Wolcott OF Colorado WIS the fret
speaker under the fifteen minute rule.
which went into effect at clock lie
thought any senator. whatever his fnan-
cihl views. could vote for the Teller 1850
luton, as 1t involved nothing except the
carrying into effect of the governments
plain obligations. He referred with scath-
ing sarcasm TO the sale OF bonds by me
Cleveland administration in 1891, lenouic-
ing IT as one of the darkest pages in
American financial history. He declared
that the men of the West mlgat be Gu
trusted with the National honor
We have" said he, never betrayed our
government aud never viii. We intend TO
pay all cur obligations in good money and
do nothing else. The resolution ought to
be passed without change, because it means
just what it says and its declarations are
! In no sense q violation Of the national
honor, either direct or .ndiNct,"
| Mr.. Morgan (Ala.) Supported the rcso-
luton in a carefully prepared speech, bas-
Ing his support on the sta5istlcs and De-
ductions indicating the impossibility Ct
striking silver from among the money
metals"
lie felt that amid the confusion existing
1t was clear that the people demanded TIE
restoration of silver TO coinage ard he
Thought such restoration would be es the
deliverance of mankind from war. pestil
ence and famine.
Mr.. Foraker tohlo) thought the state
ment In the resolution that such coinage
as was contemplated by ii WIS not IN de- |
rogaton of the tights OF creditors ana !
could only be maintained by the unlimited |
coinage of silver
The effect of the terms .woull Dot bring !
about bimetallism without forcing the gov |
eminent to q silver basis
MT Chiffon Crexas) in a legal argument
held that the pretension of the bondholders
AZ
that they were entitled TO be paid in better
money than the pensionse. the mechanic
and the lahorer, was not warranted bv
facts or by law
M Allison spoke of the circumstances
attending the passage OF the Stanley Mat
news resolution In 1873 70 him il had
not meant at that time declaration in In.
Vor OIL the free and unlimited coinaae OF
silver, other coinage matters were PEND
ing AT that time, and when one of these
eaiae up the senator from Colorado voted
10 sif1ke out the provision for the free
eeillse of silver and voted for limited
coinage agreement tf
MI allison declared tina. when he vas |
heihs glDbeteu on the crossroads of public
opinion for alleged Inconsistency he wanted
II known that the Colorado senator md the
puio senator VINO introduced the resolution
oi iS'H senator Matthews, had voted to l
strike out a free coinage PROVISION ME a
ciear purpose OF the pending resolution s
WIS 10 commit the country to the free and
coinage of silver NJ III 10 l. when I
!. was almost automatic. the senator de- j
eiareu that such course. with the concur
renee of other nations, would lead rs lney- a
itahly 10 the silver standard lending ia a
SILVER monometollism. II Is us certain ms
me sun AT noonday that gold viii 10 bati-
sheo' and yet senator's were asked to sane
lion this INDUSTRIOUS proposition -monstrous
In the change il proposed
Mr. Allison reviewed his oxplessions far
IN international agreement as the oaIy
means OF rehahilitnting silver, and said the
failure OF the Wolcott commission did moi A
lring despair to these who saw in this
method ultimate relief for silver. n
MT Teller explained that his vote in 1875
VAS given because 1t was not practicable
II that time 10 secure Il majority aud get
What was wanted
MT Allen tNeb) insisted that he sree
coinage of silver would restore the parity |
between gold and silver. N
Mr.. Bacon tGa.) took issue with The
tatemenis and conclusions OF the senator Il
rom Chic tForaker) and the seretor from W
owa tAllisonl. discussing the present ron-
itions as contrasted with those Of 1878
vhen the resolution vas originally raised
ie held that the resolution applies dis
lnotly TO the silver $500. 200 .000l already
oined and TO that whic! shall be coined
- |
TX years had violated the statutes and the
tanley Matthews resolution. He main
aimed. therefore. that the pending resolu-
lon was most important as n declaration OF
he legislative branch as to the duty OF the
yocutivc branch OF the government.
MIR. Thurston tNeb.) said the legal obli-
atipns OF the government were set forth
J Its contracts and there is no need now
, restate the terms OF those contracts 20
e concluded with an appeal TO the silver
en to hermit the business men of the as
,untry for little while to attend to their So
FAIRS In order that they might ascertain IN
here they stand. rs
Mr.. Tlllman u.s. C) thought this dis =,
ission was simply the maneuverlng OF fol
le great political parties for position In
ic great contest that was to be fought
1900 The people. no said would win i
that contest. az they won In every fight
icy ever had made for freedom. He made
q attack on former Comptroller Erkels
Z his action regarding tho Chestnut Street
auonal bank OF Philadelphia and do
AIRED the fact ihas six o: tbs last ten ye
OF the currency had graduated J
ON the trpQRiry n ha rravt....t. ~.