The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-01-27


The amendment declared that tile OBJ
legations OF the United States should
pe paid "in the money that is the
highest money OF the world, in gold,
or It's equivalent in gold, whether
mat he silver or paper"
Mr. Lodge inquired whether Mr.. Tel
Ter was in favor of that amendment
We'll. l shall vote against it,, re-
piled the Colorado Senator
desired to know" said Mr. Lodge
what the Senator from Colorado
lhouSht Of my amendment, because l
copied 1t word for word from a speech
made by the Senator, in which he de-
clared that every dollar this Govern
ment owes will be paid in the money
that is the highest money OF the world
IN gold, or its equivalent in gold
Whether that be silver or paper"
Mr. Teller replied that he had never
advocated the payment of the Govern
ments obligations in deprecia ted
currency and did not now.
MT. Hoar, of Massachusetts, follow
eu in Il speech in which he maintained
the position he took yesterday, that
the question under discussion was not
Oh law, but one Of honor and integrity
lie said that the advocates OF the
pending resolution maintained that by
crime the price oil silver had been
reduced until the silver in a dollar was
senators who made the charge of that
crime advocated the payment of the
Governments obligations in this deprc-
Grated money-in0ncy that had been
appreciated as they claimed, by crime
AIR. Daniel. of Virginia, followed Mr..
fIalt IN support of the resolution He
said that we were confronted upon all
SIDES with the camorouS statements
cl the gold men that agitation of the
financial question was unsettIing busi-
ness and destroying the credit of orr.
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 III his
message to this Congress had I'd
vanced propositions in support Of fas-
tening upon the country the single gold
standard
Mr.. Daniel maintaincd that it was
not in violation of public faith. rs had
been suggested by the Senator from
'Alassachusotts (Mr. HcuD. 10 pay the
bon Is of the United States in silver.
at The option OF th. Government. lie
wanted. he said to call attention to
the fact that the bulk Of the outstand-
ing bonds had been secured from the
United States at reduced price and,
he maintained that amy payment of
those bonds in the coin of this coun-
- MUM amply repay the holders.
After an extended discussion of the
silver question, as it relates; TO the pend
Ing resolution, Mr.. Daniel asked Mr..
Hoar of Massachusetts. whether he
thought the $3S7,000,000 of silver certi-
iicutes ought, as an essential to the ma
tons honor be redeemed in gold
Mir. Hoar replied that il such redemp-
ton were necessary to maintain the
parity Of gold ana silver coin he would
ansyer Yes, but no such subtle comprc-
henSire question could be answered
briefly
Mr.. Daniel maintained that if the cx
pertinent of free coinage of silver were
tried, he was assured that the parity
OF the mctals-silver and gold-would
be restored. His contention was. he
said, sustained by philosOphic deduc-
tons from the history Of finance. All
DINER experiments had utterly failed
10 bring about expected effects and he
urged that The doctrine 10 which The
Democrlic party adhered. so far as they
had ever been applied. had restored The
patient TO health-that is had restored
the parity Of the metals.
Il maintain here and now" said Mr..
Daniel 'thlt every silver dollar that
would he operated on by this resolu-
tion would be the peer of every gold
dollar" These Senators, he thought,
who held otherwise We're MISS q. ting The
facts.
In response 10 an inquiry of Mr.. Al
drAch as 10 the intent Of the pending
resolution Mr. Daniel said that he had
Tor twenty yeas been ;hc advocate Of
the free and unlimited coinage If sill
vcr. ITO sum ii up distinctly" said Mr..
Daniel. "ihc government of the United
states has 435000.oO0 of the standard