The record-union., 1898-01-29


of anything but 100-cent dollar.
We do not believe, however" said
Cannon, ''in the deified dollar of Grover
Cleveland, which is worshipped by the
present Administration"
He criticised the President for attend
ing banquets of millionaires in New
York. there perusing his menu bound
in gold, and then declaring in favor of
paying Government obligations in gold
in violation of the nations right to die
tate what money they should be paid in.
Cannon said that If there were no
other reason for his support of the reso-
luton he would vote for it to serve no.
tice upon every creditor of the United
States that he should live up to the con-
tract he had entered into with the Gov
ernment.
Jones of Arkansas began his speech
in support Of the resolution by criticising
the position taken by Allison of Iowa
He thought the resolution would square
ly align those who held the various
financial beliefs. He said the advocates
OF the resolution proposed to pay the
full pound Of flesh due, but absolutely
not bit more. He read a communica
ton in a financial newspaper to the ef-
feet that there would not be serious
opposition to the legislation proposed
by the Monetary Commission by the
recalcitrant silver Senator's
Jones gave notice that the 'recalci-
trant silver Senators" would have to be
reckoned with pretty seriously before
any such legislation as that proposed got
through the Senate.
Jones said he made the broad state
ment that no Democrat, Silver Repub-
lican or Populist had ever declared in
favor Of paying Government obligations
in deprecated currency
Why" interrupted Aldrich, 'the
Senator's own colleague Berry said if
free coinage should not produce a rise
in the price of silver, he would be in
favor of paying our obligations in that
metal
But he did not say that free coins
age would not produce such rise" said
Jones.
''Oh, that is a mere refinement of Ian
guage." replied Aldrich.
My colleague" said Jones, SIS able
to take care of himself, and to define
his meaning"
Well l shall take up that matter
When speak, said sAldrich.
Jones, continuing, said that the news
papers unfriendly to the cause were
saying that bimetallism was dead. Il
believe" said the Arkansas Senator,
that the peoples conviction upon this
question is more firmly fixed than ever
before. They are determined to re-
store silver to it's status before 1903,
and we shall do all to accomplish that
result. We shall march in solid pha-
lanx with shields locked down to the
day of doom in our efforts for the re-
storation Of silver, and the Republican
cries that the issue of silver is dead
will fall upon deaf ears
At the conclusion of Jones speech,
Pettigrew introduced the following res
olution:
THAT it is contrary to the interest,
policy and tradition of the people of the
United States to acquire any territory
SO situated as to require a navy to pro-
tect it,"
The resolution went over.
The first speech of the day in oppo-
sition to the Teller resolution was de-
livered by Burrows of Michigan. He
said that the Republican party was
pledged to secure, if possible, interna-
tional bimetallism, and the President
would do everything in his power to
carry out that pledge. Meantime the
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
500, 100000 silver dollars We're main
tanned at a 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 violation
of the public faith and in derogation of
the rights of the public creditor.
In conclusion, Burrows said that the
passage of this resolution would fortu-
nately accomplish nothing. 1t might
tend to alarm the business interests OF
the country, and retard to some extent
the advance of prosperity, but by the
statements of the President of the
United States last night, the country
was assured that the Governments OBJ
legations would be discharged in the
best money of the world.
White of California spoke in support
of the resolution, and analyzed at some
length the position of the Republican
party upon finance He spoke of the
lack of definiteness Of the Presidents
message upon the larger question. The
message referred to Secretary Cages
plan. and invited inspection. There
was no opposition expressed to that
plan. and doubtless, said White, if the
President did not approve the Gage
1.ay
The Senator then referred ironically
to the New York banquet last night, at
which the President spoke. He spoke
of the men who had gathered at the
feast to consider means Of improving
the conditions of the poor worklngman
and the farmer. 1t had been referred
to as q BelshazZar's feast.
White read in sarcastic tones the
nress report of enthusiasm at references
70 the gold standard, and the cold
chip which overspread the banquet
ers at the mention Of international BIZ
metallisn,.
II was we'll established, declared The
Senator. that the public utterances OF
Secretary Gage on the gold standard
gave the real attitude Of the Admins
tration. There was in reality no dis-
ference between the President and the
Secretary of the Treasury, and the lat
ter had given out to the Associated
Press rot long ago that their views
were in substantial accord.
In closing, White declared that be-
hind this resolution was the great is
sue between bimetallism and the gold
standard, which, from this time on,
would be kept clearly in view, SO that
attempts to deceive the people would
fail