Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1898-02-05
A WARM DISCUSSION ON
TEllER'S RESOLUTION
Senator Stewart Regrets Much
That the President Is Not
Well Posted.
SAYS GAGE IS NOT TO BLAME
Jones Gave Notice That They Mus.
Reckon With silver Senators
Before Any Bill BE.
comes q Law.

Washington. Jan. 29.-The senate
convened at 10; 40. il being the last
days discussion OF the Teller resolu-
ton for the payment Of United States
bonds i'm silver.
Stewart of Nevada, after a legal dis
cussion of The money question, said,
referring TO McKiniey's New YORK
speech last night. that he regretted to
see the president had not studied the
question more deeply and that he was
utterly misguided. He said the presl'
dents utterances that the nation
would pay all it's debts in currency
recognized as best throughout the civ
ilized world at time of payment, was
equivalent TO saying that nothing but
gold was good enough for a bond
holder. The option of the government
to pay its obligations in either gold
or silver MAS p mere technicality, as
the president claimed. Continuing,
Stewart said: I'VE cannot use the
money i'm the treasury unless IT Is rec
ognized by other nations OF the world
as the best money. The despots and
gold syndicates of Europe are to
name the kind of money regardless of
what the law of the United States may
be-"
1t was unfortunate, he said, that the
president had a banker for a secretary
Of the treasury, for, though an honest
man, il was difficult for him to look
al a question except from the stand
point Of a banker. He was glad the
president had made the issue directly
with the people.
Cannon of Utah followed in support
of the resolution. He denied that the
advocates OF free coinage were in fa-
o of anything but hundred cent dol
lars. He criticised the president for
attending banquets Of millionaires in
New York.
Jones, Arkansas, gave notice that
the silver senators would have TO he
reckoned with pretty seriously be
fore any such legislation as that pro-
posed by the monetary commission
could get through the senate. He de-
clared that no democrat, silver repub-
lican or populist ever declared in IA
vor Of paying government obligations
in deprecated currency.
Aldrich interrupted by saying Jones
colleague, Berry, said If free coinage
should not produce n rise in price OF
silver he favored paying our obliga-
tons in that metal.
Jones retorted that his colleague
was able 10 take care of himself. Con-
tinuing he said the anti-silver newspa-
pers were crying out that silver was
dead. He believed the peoples on
viction on the question was more
firmly fixed than ever before.
pettigrew introduced a resolution
that it is contrary to the interest,
policy and traditions of the people OF
the United States to acquire any ter
ritory so situated as TO require Il navy
to protect it. The resolution went
over.
Burrows of Michigan, spoke in OPP
position TO the Teller resolution. He
said the republican party was pledged
to secure, if possible, international bi'
metalism. The president would dc
everything in his power 10 carry on,
the pledge. In the meantime the ex'
listing gold standard would be main
tanned. Until international bimetal
lism was secured, the purpose of the
administration was TO continue the hi
metallism we now have, whereby $500,
!, aSav000 of silver is maintained at parity
: with gold. To abandon this would be
a violation of the public faith and in
derogation of the rights of the public
creditor. The passage of the resolu'
ton would accomplish nothing, except
possibly to alarm business and retart
the advance Of prosperity. The Pres
ident's statements last night were al
assurance that the government obliga
tons would be paid in the best money
of the world.
Wolcott followed i'm support of the
resolution. He said he thought any
senator, whatever his financial views
could vote for the resolution, as it in.
yylved nothing except the carrying
into effect the governments plain Oh.
legations. Juggling into the debate
the rights Of pensioners is entirely ir'
relevant.