The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-01-26
This Brag of the Goldbugs About
Preserving National Honor"
THE OLD MAN STIRRED
Fairbanks Interrupts Him and Is Told
by the Colorado Senator to Sit
Down, as He Has Been Badg-
cred Long Enough.

heated, almost acrimonious. discuss
sion of the financial question. For
nearly two hours the Teller resolution
was under consideration, the principal
speeches being made by Mr.. Allison of
Iowa, Mr.. Berry of Arkansas. and Mr.
Hoar of Massachusetts. The sharpest
eolloauy was at times indulged in be-
! tween the advocates and opponents of
the resolution, the debate often ap-
| preaching bitterness. The feature of
the discussion was q speech by Mr.. Tel
Ter, author of the resolution. his state
ment calling out a suggestion from
| Mr.. Hoar that he (Teller) ought to
have them stricken from the record. In
response to an inquiry by Mr.. Spooner,
Mr.. Vest admitted that he thought the
system of coming referred to in the
resolution meant the free and unlimited
| coinage of silver, that admission ap-
| parently giving satisfaction to the
| opponents of that measure.
/ quay secured the passage of a bill to
| indemnify Pennsylvania for moneys ex
| pended in 1864 for militia called into
military service by the government. The
amount involved is SAC, 900. Mr.. Quay
also reported the army appropriation
bill.
Mr.. Butler of North Carolina offered
an amendment to the postoffice bill,
| providing for the extension of rural free
/ delivery TO every state and territory of
/ the union. and to as many sections of
/ those states as possible. Mr.. Butler said
the amendments had been drawn after
/ full consultation with the postmaster
/ general.
/ MIR. Perkins of California called up the
/ pension appropriation bill. The amend
| ment proposed by Mr.. Allen, providing
| that the lowest pension paid by the gov
| eminent be S8 per month, was ruled out
of order. Mr. Allen then offered an
amendment to the BILL increasing the
j
$14S 600, in accordance with the esti-
mates made by the commissioner of pen
sions, but it was lest without division.
The pension bill was then passed.
The Teller resolution was then laid be-
fore the senate. Mr.. Allison reviewed
the story Of the Stanley Matthews reso-
luton. maintaining that its purpose at
that time was not in opposition to pub
Lie inLETast- -oapi in deroEAsSsM
of the public creditors. He held the sit
uation was different now. He insisted
that the present resolution gave the sec
retary of the treasury no more author
ity than he had now. The secretary
may now pay government obligations in
COIN He held that there was no dspo-
sition on the part of the administration
to eNade the law, and added that the re-
publican party had maintained that it
ought 10 be the purpose of the govern
ment to maintain the gold and silver
money of the country at a parity.
Mr. Tillman asked Mr.. Allison whether
he would say in terms that the bond
obligations of the government We're pay
able in silver.
In reply Mr.. Allison quoted the law
that the bonds were payable in coin, but
that was not satisfactory to Mr.. Till |
man. who insisted upon an answer. yes
or no. Mr.. Allison declined to have
words put into his mouth. In response
to question of Mr.. Teller Mr.. Alli-
son said he thought it would be proper |
for the secretary of the treasury to pay
the obligations of the government in |
either gold or silver. But, declared |
Mr.. Allison, the secretary of the treas |
TRY, II he is an honest man, in reaching |
his decision to action upon that point /
must take into consideration the exist |
ing conditions, one of which is that the |
government is pledged to maintain the |
gold and silver currency of the country |
at a parity
Mr.. Allison thought if it We're the
purpose of the advocates of the pend
ing resolution to force a depreciation of
one of the great moneys of the country
they ought to ayow that purpose He
maintained that If the objects of the
silver advocates We're carried into eff
feet 1t would be impossible 10 maintain
the parity of gold and silver coin.
IF | We're assured said he. that
the resolution would strengthen the
credit of the country ! should certainly
vote for it
Mr.. Berry, DEM. Ark. in an extended |
speech. declared that the pending reso-
luton was precisely the same as that
for which the senator from Iowa. ALI
son, voted 20 years ago. If it was not
violation of public faith then, he
added it could not be so now One of
the reasons why Mr.. Berry was desir-
Gus of the passage of the resolution
was that it would disprove the charge
brought in 1896 that the democratic
and dishonorable men.
Mr.. Aldrich: do YOU desire to take |
from the secretary of the treasury his
discretion to pay government obliga-
tions In either gold or silver,
Mr.. Berry: The trouble is the secre-
tary of the treasury has turned over
the government option to the bond
holders
Mr.. Aldrich: Would the passage of
the resolution by the senate or house |
act as instructions to the secretary of
the treasury
TT would" replied Mr. Berry, but
am satisfied. in view of the recent ac-
tons and words of the secretary of the |
treasury. that he would not obey the
Mr.. Hale of Maine said when the
present law was put on the statute
Dook silver was about twice as yalu-
able as 1t is now. and Mr.. AIdrich in :
ter1ected to inquire whether. in view
of the fall in the price of silver. the
senator from Arkansas. Mr.. Berry. be-
ieved the government ought to take
advantage of its creditor and pay him
n the cheaper money
Mr.. Berry replied that he was as
much in favor of maintaining the
lanor of the country as the senator
rom Rhode Island. but he held that
he bond holders ought to be willing to
i've up to their contract and accept
'oin in payment
Mr.. Lodge of Massachusetts said IL
vas we'll understood that the bond pur-
'hasers were to be paid in gold. as they
lad given gold for the bonds and quot
d from a speech of Mr. Teller show
ng that he tTeiler) had the same
dea.
Mr.. Berry denied that there was such