New-York tribune., 1898-01-28
THE nFRATE IN DETAIL
SPEECHES FOR AND AGAINST THE TELLER REso'
LUTON.

THE DEBATE IN Dfl ALL
s7DEcHEs FOR AND AGAINST THE TELLER REso-
LUTON.
vssh,ngton Jan 27-After the transaction OF
some minor business the Teller resolution was laid
before the Senate and # was asreed that the
vo,e should be taken tomorrow al q o'clock the
Senate 10 meet al 10 o'clock and the last -FOUR
hours Of debate 10 be under the hi'een-1iiiu'e
rue. , ,
-, last evening He made legal argument In
s.nnor- Of me pending resolution. holding that
,hf law never contemplated giving TO the govern
roents creditor the option 70 the KIND OF money
he was 10 receive Mr.. Daniel then enumerated
the great men who supported the resolution III
,S-s beginning with the distinguished author
s,o,lav Matthews. and concluding with the pres
.,, President Of the United States. He thought
therefore that attacks on the honoran!e mouVes
- the supporters Of the resolution now were III
timed and unvarranted
A,,.r reviewing and analyzing at length the
enanc,sl legislation Of the last quarter of cen
,r-v Mr. Daniel said that Congress ought 10
,sen The pledges Of both the Republican ara
Democratic parties 20 discharge Government obn-
ea,lons IN the legal tender Of the country. Thus
elone he thought could the United States oul4o UP
an ,ndependent system Of finance and escape from
the clutches Of Wall Street and Downing street
MR. LODGE EXPLAINS HIS AMENDMENT
n, Lodge rRep.. Mass) followed Mr.. Daniel He
ss5 he did not expect TO add much 10 the sum OF
Information and misnformaton on the SUBJECT
hof.-o The Senate but he desired 10 express MS
orf-i,rs and his reasons for oTering one OF me
amendments which had been presented on "Hic"
ee would expect the Senate 10 vote. That amehu-
mont was originally offered 20 the Stanley Mat
-hev-s resolutions by Senator Edmunds OF VT
mont lie held that il was point wei mace 'hs"
and believed II 20 be more distinctly apphc&O'e
,,w Nations" declared Mr. Lodge. no more
,.an individuals. can afford to conhne their hon
ee+v 0ithir the limits Of the law. Statutory NORA
i,r is not best either for States or for men. re
sad hat the parity OF gold and silver money couId
only be maintained by having every FORM o. cur
rency INTERCHANGEABLE. He had always been an
International brnetallist and was one now lie
had done everything IN his power 70 promote an
International agreement. he believed that Woul1
do much 10 simplify the question he was co"-
grained 10 believe however after hearing the elo-
ou-nt statement Of the Senator from Coiorado 'NE
Wolcotu. that the attempt 10 secure an h'eIiA
onaJ bimefaLi, agreement had failed. telnpOrarlly
az least He held therefore. that the country was
confronted with two propositions, one Of which II
would have 70 accept Either tho existing gold
standard must be maintained the country must
authorize free-siver coinage The latter alternative
meant the disappearance Of gold from clrcula''oi
and the placing Of the country on silver basis.
!, had come now 10 contest between the Two
standards MI Lodge declared tnat any chahse
In the monetary standard would fall with dire re-
suits on the masses OF the people. SPECTATORS
and noneyed men could soar above the storm. while
the nls,n neople would feel the brunt OF IFS fury.
He heo that + impaired the credit Of the country
10 pay oblgati ms In the cheapest money Nheh
the Government gave choice as 70 the hli'o ol
money It's obligations should be paid IN by using
the Term coin" II was proper that TO the creator
the choice ought 70 be left. The adopuoh OF the
Of ions
would be & policy fraught with great danger 10 the
suntry and 10 the psople
Mr.. LINDSAY FOR THE RESOLUTION.
NJ Lindsay Dem. KY followed in set speech
IN support Of the resolution He declared h-ihseil
N favor 0. having all money OF the Ohl'eo 9'a'9S
whether coin or paper kept equa. TO the pesl
msney Of The world and he thought ~ uhior'u-
nate that the advocates Of sound money s"oUiD
have accented the issue rendered them by the r"so
ution NOT only with the consciousness mat 'hey
were wrong hut .ls with a certainty 'hd' 'He'
would he defeated Congress has the rlsht 10 c0iH
bo,h god and silver and IN doing so violates no
contract"
NJ Lindsay held that consideration Of the reso-
lrior vas 3 waste o. time There was no
uo.e res SOL FOR lis adoption at this time than tor
re resfirmatlon OF the Declaration or lhoepe"-
tsnce Th- Declars ion OF Independence hau ioS'
hone OF force and effect In the iast hu'''ie"
years OF the fOIce ana cHe't VI mo
resolution had been los. in the last twenty years
he SAID however. ne wanted 10 protest against the
statement that had beer made 10 the effect iha' all
those sho voted for This resolution would iNdofse
ihe views Of all VINO supported IT, He hello mai IL
was not Rad faith on the part Of the Government 10
pay obligations in any money authorized by la"-
Ar. Aldrch (Rep.. K. ID asked whether the coun-
Try could begin free coinage and go 10 shVer
basis without derogation Of the rights Of either the
OF he r,ri va 9
IT might be unw!se." replied Mr.. Lindsay. out
the question presented is Of policy. not Of GOOD
faith The law passed in constitutional way ana
20 main tanned always determines the question OF
good or bad falth."
Would It be in good faith" persisted Mr.. Adrich'
TO pay The Governments Obligations In depreci-
sled currency
Mr. Lindsay thought the question had been
answered. he held that the opponents OF the reso-
luiion had made false Issue In endeavoring 10
make this resolution an impor ant matter.
Mr Aldrich desired 10 predicate question on the
statement that free coinage Of silver meant a de-
meciAted currency but challenged by MI
gerry and MIR. Teller Mr.. Aldrich held that MI
Berry mad admitted that the resolution meant
enforced. the free coinage OF silver, and mat II
AuVer should not appreciate in consequence OF us