The herald., 1898-01-27

Worlu-ln gold, or Its equivalent IN Boiu,
whether that be silver or paper"
Mr.. Lodge inquired whether Mr.. Teller
was in favor of that amendment.
well, I shall vote against it," replied
the Colorado senator.
Lodge insisted on knowing whether
Teller did or did not think the amend
ment proper principle for congresses to
lay down.
Teller still held that the government
and the governments creditors ought
to abide contracts made.
II desired to know" said Lodge, what
the senator from Colorado thought of
my amendment because l copied 1t word
for word from a speech made by the
senator, in which he declared that every
| dollar this government owes will he
4 paid in the money that is the highest
money of the world, whether that be
gold or its equivalent in gold, whether it
be silver or paper"
Lodge thought that if the senator from
Colorado CTeller) believed that his state
ment was accurate when he made it, he
ought not now to object to supporting it
with his voice and vote.
| Teller replied that he had never advo-
Gated the payment of government obi-
cations in deprecated currency, and did
not now.
Hoar followed in a speech in which he
maintained the position he took yester-
day, that the question under discussion
was not one of law, but one of honor and
integrity. He said that the advocates
of the pending resolution maintained
that by a crime the price of silver had
been reduced until the silver in a dollar
was worth only A cents; yet the same
senators who made the charge of that
'crime" advocated the payment of the
governments obligation in this depreoi-
ated money-money that had been de-
preciated, as they claimed, by crime.
Hoar said that it had been made evi-
dent by the statement of the senator
from Arkansas Derry to whom he re-
ferred as an honest, stalwart old con-
federate, who was willing to walk up 10
! the cannon's mouth of the pending
question, that it was the purpose of the
silver men to go into the campaign of
| 1900 and declare it to be right and honest
| to pay obligations in 40-cent dollars and
to stigmatize as "grabbers" and rob
| bers" those who differed with them on
| the honesty of such a policy.
| The Colorado senator, when he rose to
begin his speech, Hoar said, expressed a
desire to resent something. In fact he
was always resenting something
| Teller rose to call Hoar's attention to
another statement, and when he had
done so, Hoar ridiculed him by likening
him to the small boy who was asked
what the cost of eleven pounds of beef
would be at cents pound and replied:
| ~ OF oh, ,,,;oa
In the course of his remarks Hoar re-
ferred incidentally to the present indus
trial situation in New England and its
relation to the DINGHY tariff law. He was
glad and the people of New England
were glad of the industrial prosperity
of South Carolina, Alabama and Geor-
gia. but he did hold that the people of
New England did not want to be brought
into competition with communities
where long hours are the rule in the in
dustrial establishments and where child
labor was employed in the factories.
He said that these practices We're not
known in New England, where limited
hours for workmen and no child labor
We're provided for by the law. Compet-
tion upon a basis of equality of laws
would be welcomed by New England.
"Our policy" said Hoar, sis not bound
ed by state lines. We are New England
men, but we are, above all. Americans"
Hoar shortly afterwards concluded.
He was followed by Platt of Connecticut
in an address in opposition to the pend
ing resolution.
Platt declared that it was the purpose
of the advocateT of the resolution to
override the solemn declaration of con-
gress that the parity of gold and silver
coins should be maintained. THE sena-
tor from Nevada (SteWarO talks about
the trouble and misery among the peo-
ple," said Platt, but when this govern
ment has, according to the advocates of
the pending resolution, been given two
measures of value-measureS that mean
two things-the misery and trouble will
be as nothing compared with what they
will be then. Such condition would be
worse than pestilence and famine COM
bined."
Platt said that if he could believe that
this country could coin silver freely
without destroying the debt paying
power of silver, he would be glad to en-
ter upon that policy. He could not how
ever, entertain the possibility of such
policy.
In the course of a colloquy between
| Platt on the one side and Allen and Till
| man on the other Platt stated that this
country had now bimetallism To his
Chandler took exception, saying that
any definition of bmetallism which
omitted the free coinage of both metals
at ratio fixed by law was not only in
correct but obsolete.
Platt challenged Chandler to produce
any recognized authority which in
cluded free coinage in the definition of
bimetallism.
Platt closed with an appeal for the
maintenance of a sound financial sys-
| TEN.
| Daniel, Democrat, of Virginia followed
Platt in support of the resolution. He
| said we We're confronted on ali sides
with the clamorous statements of the
| gold men and the agitation of the finan-
| cial question was unsettling business
and destroying the credit of our people.
Yet, he said, the gold men were holding
conventions, the financial question was
being investigated by congressional
committees and the president of the
United States in his message to this
congress had advanced propositions in
support of fastening upon the country
! the single gold standard.
| Daniel thought the adoption of the
pending resolution would tend to pre-
! II hn tt.nn Il h..