The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-28

sour party is 90 stroug that the seps q,
s s.m kentucky Is now found fiuhfinv rv,e
MT. Bryan's leadership. q ~n1s
AnS senator from Rhode Island had het
ser iock after his own leaders, rrnI,c,
chr,,. tauusay, and not trouble himself
...,a 40 not expect retorted MI. Aldrich
vote under my leadership. nisc,,i,na ~ ~
snat SIDE OF the chamber is too s,ronu ~,
nm even TO sever himself from tho Se,,,
ocraNc party | wish that marty Iov,ia,
Der. . s'"e oi the cnam
- Mr. Wolcott rep, Coio.) was on his fee,
~ an instant The senator from Rhode Is.
tha, saiu ne tartly, Expresses the wish
.,Ss parry oiscipline were stronger on this
ae Vi the chamber / wish So too, And
wish that senators on this side ~ tbe
enamber would not go OFF from the tenets
,h u principles of the republican party at
Tue penest OF an indianapolis convention.
as some of them have DONE
ME-. Lindsay concluded his speech by say.
ing that be voted in accordance with his
statements He maintained that the cues.
.iuu presented was one simply OF law and
NOT or morals. He held that II conditions
should so change as to work hardships "a
.he government creditors, that was d nils.
fortune, not n violation OF the public
faith. pup''e
Mr. Gallery GLa.) delivered an extended
speech In opposition to the resolution ar
TINS resolution means what Is attributed
TO 1t, said he, ut clearly violates publ,
inorailty. II have proper construction OF
what public morality Isl
The men behind this resolution do
clared Mr.. Caffery, "are not playing-not
eXpending all this wind for nothing be-
iieve they hope to bring about free coin
age through executive action knowing that
y Is impossible by congressional ac-
ton.
Mr.. Smith On. j. followed Mr. Gallery.
He said the adoption of the resolution was
either misunderstood or the debate had
taken such 4 wide range as to submerge
the question. He saw no necessity for the
resolution He bad, indeed, supposed that
Mr.. Aldrich was responsible for the reso-
tuition for purposes of his own
Mr. Aldrich dfsclaimed all RESPONSE
bility. and was promptly acquitted
Continuing, Mr. Smith announced his In
tention Of voting for the resolution on the
ground that 1t was not a new declaration.
In doing this he would not. however, sur
render his individual views on the free
coinage of silver. On this latter subject
he had his views, which were that It
would be difficult for this country alone to
maintain free coinage at the present ra-
ito.
Then" said Mr.. Aldrich, "the resolu-
ton does not mean the restoration of free
coinage?"
mot as legal proposition. l am as.
sured,' Mr.. Smith replied. He expressed
the opinion that the free coinage silver ad-
yocates We're honest citizens and that the
government would be safe in their hands If
placed there by the vote of the country.
Mr. Cockrc.l sl,pgortM the resolution. He
discussed the question at some length.
taking UP and defining various financial
enactments since 1870 to show that the
United States bonds were properly declared
to be payable in silver He did rot think
there could be any question that the
bonds of the United States should be paid
in standard silver at the option of The gov
eminent. That would be an honest, an
equitable payment which gould satisfy the
conscience Of all the people and every moral
law. The Teller resolution means that to
restore the act of 1S37--a free coinage act
would be in derogation of the rights of the
public creditors. He thought that rs gold
and standard silver dollars We're Standard
money and not redeemable. tnsre would
be as much sense in talking of maintain
ing the parity of gold with siiveg as of
of silver with gold.
No nation of the world has ever yet
yielded the option Of paving its obliga-
llonS III ils stdnudia sur 49,
Cocl.rell. The opponents Of the resolution
were working In the Interests o. the bank
ers of the world,
ooh. that we had in the White House an
Andrew Jackson cried Mr.. Cockrell, that
he might say TO these bankers; BY the
eternal you shall take the standard silver
dollar in payment for the obligations you
hold That would settle this question
very quickly
Mr.. Cocllrell. in he course of his re-
marks, produced a $50 gold piece and in
quired whether any republican desired 10
give him for it forty standard silver dol
lars. This proposition brought on an in
teresting colloquy between tlr. Cockreil on
the one side and Messrs. Aldrch. Foraker
and Fairbanks ON the other, concerning
the value OF silver coins in Mexico. Mr.
Cockrell said that coins legal tender
quality left it the moment it left The ter
ritorial limits of the government wlich
coined it.
Mr. Foraker asked if 1t were not true that
with one OF our silver dollars two Mexican
dollars could be purchased Ii Mexico.
Mr.. Coclrell replied that that might be
tue but it was because the standard sil-
YER dollar was equal to gold dollar, our
silver dollar was not. he ,aid. legal ten
der in Mexico, the standard silver doiiar
being eychangeable in Mexico for 40 Mex
lean dollars because those through whose
na0GS III passed. Weic stDit ~ roS ~ az '.'N
United States. He maintained that the
value of gold and silver money was gwen
to 1t by law and asserted that i gold We're
by the commercial narions OF
the world it would Instantly depreciate;
He held that the United States was great
and powerful enough to coin sllvei freely
and independently and vet maintain us
value. He quoted speech of Senator
Allison in which the latter had said that
The value in gold and silver was conferred
by legislation and Mr.. Cockrell said that
was the essence of the whole question.
The senate at the conclusion Of Nj.
speech, adjourned at c.5O o. m.
until 10 a. M. tomorrow
HAWAIPs PRESIDENT.
uone. In see the Annexation Treaty
Ratified by Our Congress-.