The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-01-26
GOVERNMENT MUST PAY GOLD.
TELLER RESOLUTION AGAIN THE
TOPIC IN THE SENATE,


ton and Maintains That the Pres
ent situation Is Different From the
one Existing when That ResOIu-
ton Was PaSsed-Secretary Must
Take Into Consideration Existing
Condition when Paying OF bonds
and Maintain the Governments
Honor.
Washington Jan. @.-The Senate on mo-
ton of Mr.. Hoar of Massachusetts,, went
into executive session to-day as soon as it
convened.
AT 12:15 o'clock. the doors were opened,
and the Senate proceeded to general BUSH
ness.
Mr.. Quay secured the passage of a bill
to indemnify the state of Pennsylvania
for money expended in 1854 for militia call
ed into the military service by the Cover
nor. The amount involved is $4,000.
Mr.. Quay also reported the army appro-
priation bill.
Mr.. Butler of North Carolina offered an
amendment TO The postoftice appropria-
tion bill providing for an extension of
the experiment of rural free delivery to
every state and territory of the union,
and to as many sections of those states
and territories as possible. Mr., Butler
SAID the amendment uau Deen Drawn aItef
fun consultation with the Postmaster
General.
Mr., 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 IS month, was ruled out
of order and the bill was then passed.
The Teller resolution was laid before the
Senate.
Mr.. Allison reviewed the history of the
Stanley Matthews resolution, maintaining
that its passage at that time was not
in opposition to public interest or in dero.
CATION of the public creditors. He held
that now the situation was quite differ
emit rtef
Mir, Allison insisted that the pending
resolution gave the Secretary of the
Treasury no more power under the law
than he now has. The secretary may
now pay government obligations in coin
He held that there was no disposition on
the part. of the administration to evade
the law, and declared that the Republi-
can party had maintained that 1t ought to
be the purpose of the government to
maintain the gold and silver money of the
country at a parity.
Mr.. Tillman asked Mr.. Allison whether
he would say in terms the bonds obliga-
lions of the government wer payable IN
silver.
that the bonds were payable in coirf but
that was not satisfactory to Mr.. Tilman
who insisted upon an answer, yes or no.
Mr.. Allison declined to have words put
into his mouth
In response to a question of Mr. Teller
Mr.. Allison said ne thought il would be
proper for the Secretary Of the Treasury
to pay the obligations of the government
in either silver or gold.
But, declared MIR. Allison, 1.-THE Secre-
tary or the Treasury, if he is an honest
man. in reaching his decision as to action
upon that point, must take into considera-
ton existing condition, one of which is
that this government is pledged to main
tam the gold and silver currency of this
country at parity.
Mr.. Allison thought that If it were the
purpose of the advocates of the pending
resolution to force depreciation of one
Oh the great moneys of the country they
ought To avow that purpose. He main
tanned that If the objects of the silver al
Vocates were carried into effect it would
be impossible to maintain the parity of
gold and silver coin
IF We are assured" said he "that the
resolution would strengthen the credit Of
the country | would certainly vote for n
and otherwise give it my hearty support. -
Mir. Ferry Dem, of Arkansas in an ex
tended speech, declared that the pendlno
resolution was precisely the same as thai
Tor which the senator from Iowa (Mr AZ
ilson) voted twenty years ago If il was
not violation of public faith then. he
maintained that it could not be such now
One Of the reasons why Mr. Berry was de-
SIRIUS OF the passage of the resolutlc n
vas that 1t would disprove the CHARGE
brought in 1896 that the Democratic naifv
was composed of repudia tionists and die
honor able men.
Mr.. Aldrich-Do you desire TO take from
the Secretary of the Treasury his discre-
ton. 10 pay government obligations in
either gold or silver?
Mr. Berry-The trouble is the Secretary
OF the Treasury has turned over the gov
ernment option to the bondholders
Mr.. Aldrch-Would the passage of This
resolution by the Senate and House Of
REPRESENTATIVES operate as instructions to
the Secretary of the Treasury?
Ihey would" replied Mr.. Berry; "bu,
I'm satisfied, in view of recent actions
and words of the Secretary of The Urea e.
ury, that he would not obey the instruc-
TONS ~
Mr.. Hale of Maine said that when the
present law was put on the statute bohI,s
SILVER was about twice as valuable as il
IS now, and Mr.. Aldrich interjected to in
oulre whether, in view of the fall In the
price of silver. the senator from Arkansas
(Mr Berry believed the government ougbt
70 take advantage of its creditors ana
pay them In the cheaper metal.
Mr.. Berry replied that he was as much
IN favor OF maintaining the honor of the
country as the Senator from Rhode Island
but he held that the bondholders ought
to be willing to live up to their contract
and accept coin in payment.
Mr.. Lodge of Massachusetts said that n
was well understood that the bond MIR
chasers were to be paid in gold, as thew
paid gold for the bonds, and he quoted
from speech of Mr.. Teller showing that
he CTeller) had the same idea.
Mr.. Berry denied that there swas any
such understanding, and he would DEFY
anybody to establish as a fact that there
was such. s4lia
In the course of his remarks Mr. Berry
said that the country had before II the
spectacle of a Secretary Of the Treasury
who wanted to redeem silver dollars IN
Coughs and colds need not