The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-01-29

Washington. Jan. 2S--After a debate
animated at all times, and occasionally
acrimonious, which occupied the greater
part of the week, the senate this even
ing, by decisive vote of AZ to 80, passed
the Teller concurrent resolution. The
resolution is practical reaffirmation OF
that of Stanley Matthews, in 1878, and
is as follows: THAT all the bonds of
the United States issued. or authorized
40 be issued, under the said acts of con-
gress. hereinbefore recited; are payable,
| principal and interest at the option of
| the government of the United States in
silver dollars, with coinage of the Unit
ed States containing 4121a grains of
standard silver and that to restore to
its coinage such silver coins as a legal
tender in payment of said bonds prin-
cipal and interest, is not in violation of
| the public faith nor i'm derogation of the
rights of the public creditor"
All efforts to amend the resolution
| were voted down by majorities ranging
from five to 30, Mr.. Lodges gold stand
ard substitute being defeated by the lat
ter majority. The vote on the Lodge
amendment was: Ayes. "a nays. So.
The events of the day leading up to
the final vote We're full of interest and
Importance. 1t was a field day for the
orators of the senate. no less than rs
senators embracing the opportunity to
speak on the subject under discussion
The public interest in the debate was at
tested by the attendance in the galleries,
which We're crowded throughout the
day. and that it was important was
shown by the statements of several of
the speakers that the discussion was
but the preliminary alignment of the
great political parties for the contest of
1900
From 10 O'Clock this morning until 7
O'Clock this evening the contest was con-
tinued. When the voting began it was
evident that party lines were being
broken on both sides of the chamber.
but it was on the substitute offered by
Mr. Lodge of Massachusetts, that the
most decided break occurred. On the
republican side. Mr.. Allison of Iowa
and Mr.. Burrows of Michigan did not
answer to their names on that roll call,
and many republicans voted directly
against it, Upon the final passage Of
the resolution some republicans who
supported Mckinley and the st. Louis
platform of 1896. like Carter of Mon
tana, Chandler of New Hampshire Clark
of Wyoming, Pritchard of North Caro-
lima, Shoup of Idaho, Warren of Wyo-
ming and Wolcott of Colorado. voted for
the resolution because, as Mr.. Wolcott
announced, they did not believe the reso-
luton committed those who supported
it to the free and unlimited coinage of
silver.
Routine Business Waived.
BY unanimous consent the routine
business was waived. Mr. Stewart
opened the last days discussion of the
Teller resolution. In supporting the reso-
luton, Mr. Stewart maintained that
money, whether it be silver or gold or
PAPER, was a creature of law, the crea-
tion of money being inherent in all in
dependent nations. He said that this
statement had been upheld by the high
est tribunals and recited historical in
stances of such creation of money.
After legal discussion of the money
question. Mr.. Stewart said, referring to
the speech of President Mckinley in
New York last night. that he regretted
to see the president had not studied the
question more deeply and that he was
utterly misguided. He quoted the SEN
tence from the presidents speech:
Nothing should ever tempt us-nothing
ever will tempt us-to scale down the
sacred debt of the nation through a le-
gal tecnnicality. Whatever may be the
language of the contract. the United
States will discharge all of its obliga-
tions in the currency recognized as the |
best throughout the civilized world at
the time of payment"
Mr.. Stewart thought this was re- |
markable statement. which meant sim |
ply that nothing but gold was good |
enough for the bond holders. Mr.. Nc |
hinley. said Mr.. Stewart, refers to the |
option of the government To pay its |
obligations in either gold or silver as /
a mere technieality and he did this too.
IN the face of his own vote in favor of /
the resolution We are considering. |
Now. the president calls this option of |
the government. worth thousands of |
mere technicality
What language for a president 10
use, exclaimed Mr.. Stewart. We
cannot use this money in the treasury
unless 1T is recognized by other nations
of the world as the hest money. The
respots and gold ssndicates of Europe
are to name TIE kind of money. regard
less of what the law of the United
states may be-
Has Thrown of the Cloak
Referring To Secretary Gage. Mr. |
Stewart said ne believed the secretary |
To be an honest man. a man who would
net rob bank. but. he said. it was
1iftlcult for Mr.. Gage To look at this
question except from the standpoint of
2 banker Hethought il unfortunate
rat the president had placed the treas
Try dc cpariment in charge Of bankers.
put he was glad the president had