The McCook tribune., 1898-02-04
END OF THE DEBATE.
THE TELLER RESOLUTION Dis
CUSSED IN THE SENATE.
Senator Stewart Leads on In Favor of the
Jones of Arlansas-The First Speech
in Opposition Given by Mr.. Burrows of
Michigan.
Close of the silver Debate

WASHINGTON, Jan. 29.-In accord
ance with agreement ehe senate con-
vened at 10 O'Clock yesterday.
chaplain being absent, the vice presi-
dent opened the session without the
usual invocation
BY unanimous consent the routine
business was waived and Mr.. Stewart
(Nev) opened the last days --scus-
sion on the Teller resolution. In sup
porting the resolution Mr.. Stewart
maintained that money, whether 1t be
silver or gold or paper, was creature
Of law, the creation Of money being
inherent in all independent nations.
He said that this statement had been
upheld by the highest of TRIBUNALS and
cited historical instances of such crea-
tion of money.
After q legal discussion Of the money
question, Mr.. Stewar. says, referring
to the speech of President Mckinley
in New York last night, that he re-
gretted to see that the president had
not studied this question more deeply
and that he was utterly misgui.ed.
He quoted The following sentence from
the presidents speech Nothing
SSCi IClnpL hOliiihS, S'NA
will tempt us-to scale down the sa-
cred debt of the nation through a
legal technicality. Whatever may be
the language of the contract, the
United States will discharge all of its
obligations in the currency recognized
as the best throughout the civilized
world at the time of payment"
Referring to Secretary Gage, Mr..
Stewart said he believed the secretary
to be an honest mana man who
would not rob bank. but he said it
was difficult for Mr.. Gage to look at
this question, except from the stand
point of banker. He thought it
unfortunate that the president had
placed the treasury department in
charge of bankers, but he was glad
the president had thrown off the cloak
and made the issue directly with the
people.
Mr. Jones (Ark.) began his speech
in support of the resolution by crltl-
cising the position taken by Mr.. Alli-
son Qa). He thought the resolution
would squarely align those who held
the various financial beliefs. He said
the advocates of the resolution pro-
posed to pay the full pound of flesh
due, but absolutely not a bit more.
The first speech of the day in op-
position to the Teller resolution was
delivered by Mr.. Burrows (Mich.).
He said that the republican party was
pledged to secure if possible interna-
tional bimetaI-lsm and the president
would do evrything in his power to
hot nj MQanfiDnp tho
existing gold standard would be main
tanned. Until the international agree
ment was secured the purpose OF the
administration was to continue the
kind of bimetallism we have now,
whereby 00,000,000 silver dollars were
maintained at parity with gold. Any
proposition which looks to the aban
donment of this position, which was
likely to create a disparity between
the coins of the country, was IN vio-
lation of the public faith and in dero-
CATION of the rights of the public cred
itor. In conclusion Mr.. Burrows said
that the passage of this resolution
fortunately could accomplish nothing.
1t might tend to alarm the business
interests of the country and retart:
to some extent the advance Of
prosperity, but bv the statements of
the president of the United States last
night the country was assured mat
the government obligations would be
discharged in the best money in the
world.
Mr.. Wolcott followed In support of
the Teller resolution. He thought any
senator, whatever his financial views,
could vote for the Teller resolution, as
it involves nothing except ;he carry
ing into effect of the governments
plain obligations. He thought Juggling
into the debate the rights of pension
ers was entirely irrelevant. He could
imagine. however, what sort of treat
ment the pensioners would receive
from the Indianapolis convention or
from the New York Clearing House
association. He thought that the de-
and abuse heaped upon
those who supported the resolution