The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-01-29
m favor OF paying Government obliga.
ions in depreciated currencY

chat Dimetalllsm was dead II believe"
SAID the Arkansas Senator, "thmt the
peoples conviction upon this question
IS more firmly fixed than ever before.
ihey are determined to restore silver
10 ITS status before 1873 and we shall
10 all we can Ito accomplish that re-
suit"
ahe i1rst speech of the day in opposi-
,ion 10 the Teller resolution was de-
Lvered by Mr.. Burrows (Michigan.)
lie sa'id THE Republican party was
piedSei to secure if possible information
al pfnstaliism, and the President would
90 everything in his power to carry
out that pledge. Meantime the exist
ing gold standard would be mainta
MT White California; supported the
resolution. He spoke of the lack of
ueilnMeness of the Presidents message
on on the larger questions of finance The
senator then referred ironically ITO the
New 1ork banquet last night, at which
me president spoke He spoke OF the
irSh who had gathered AT the feast to
Sonsder means of improving tho con-
uition OF the poor worliingInan and the
farmer 1t had been referred to as
BeishaZzar's Feast
M:. Fairbanks. of Indiana, followed
against the resolution He said the
nutnose of the resolution was not
frankly expressed on its face. and IL
was only in the course OF The debate
.hat II developed that the essential
r"ifIoSe was to give an expression of
me United States Senate favorable to
lhc Tree and unlimited coinage OF sill
Ner at the ratio of 16 10 l.
Mr. Nolcott, Of Colorado, was the
nrSt speaker under the fifteen minute
rule which went into effect al .
CLOCK He thought that any Senator,
MhateNer h:S financial views. could
vote Tor the Teller resolution, as II in
volved nothing except the carrying
mo effect OF the Governments plain
onllgations. He referred with sca,h-
ing sarcasm to the sale of the bonds
nN the Cleveland administration in
1871, denouncng it as one of the dark
est pages in American financial his
tory.
MIR. Morgan, of Alabama, suSported
the resolution in n carefully prepared
speech, basing his support upon statis-
cs ,lcs and deductions. indicating "the
lmPossibility of striking silver> from
among the money metals"
Nir. foraker OF Ohio, thought the
statement in the resolution that such
coinage as contemplated by it was not
III derogation OF the rights of creditors
could only mean the free and unlim-
lted coinage of silver He was, there
fore, opposed to the resolution.
Mr. Chilton, of Texas. in n legal
argument advoca ted the restoration Of
the standard silver dollar to coinage
ana their use in the payment of the
governments obligations
Mr.. Nelson. of Minnesota, stated
that his objection to the resolution was
mat 1t ignored the duty of the Gov
ernment 10 maintain the paritv be-
tween the metals, as imposed upon it
by law
MI. Allison spoke of the circum-
stances attending the passage Of the
ntaniey Matthews resolution in 1878
TO him it had not meant at that time
n declaration in favor Of the free and
unlimited coinage of silver. The clear
purpose Of the pending resolution was
10 commit the country to the free und
unlimited coinage of silver nj III to /
When 1t was almost automatic the
senator declared, that such n course
Without concurrence of other nations,
VIII lead us inevitably to the silver
standard alone and to silver mono
metallism
Mr. Gray, of Delaware, urged that
inc resolution could accomplish moth
lhS, ana was the hollow expression so
iar as affecting the character of money
IN which our bonds were to be mot
lie regarded the resolution itself as
expressive of truism and. while super
IL,
Mr.. Allen, Of Nebraska. Insisted that
the free coinage of silver would re-
store the parity between gold and sill
Yer.
MIR. Bacon, of Georgia. held that the
resolution applies distinctly 10 the sill
Ner-tve hundred Enthusiastically
coined and To that which shall be
coined in the future. He maintained
mat the pending resolution was most
In or ha
latNe branch as to the duty of the
executive branch of the Government
Nir Thurston, of Nebraska. said that
the legal obligation of the Govern
fhent was set forth in its contracts s
ana there is no need now to restatc
the terms of those contracts. He
denied the right of any Government
to pass upon its creditors any but
the best dollars Of the world
MI Tillman, of South Carolina.
thought this question was simply the
1nanoeuVrinE of the great political par
ties for position in the great contest
that was to be fought in 1900 The
people. he said. would win in that con-
.Sst as they had won in every fight
they had ever made for freedom
Mr.. Butler. of North Carolina, ad-
Vccated the resolution. saying that in
stead of destroying the parity of the
metals, as had been assorted, II was
ihtcndal to sustain that parity by
Keeping both metals. like both arms,
IN equal use. 1t was alleged, he said.
that the national honor was at
stake, but was not honor due 10 the
taxpayer rs well as the bonhholdnr?
Mr.. Ald:ich said that IT had not
needed the declaration of MIR. Vest 10
disclose that this issue was the OMEN
ing of the campaign OF 1898. 1t was
the opening of a contest between those
who favored a cheaper money and
those who believed the United states
was bound at every hazard to main
tain the parity of every dollar ever