Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1898-01-28
WASHINGTON TOPICS
Spirited Debate in Senate on Ieller's
Resolution Touching Payment Of
Government Obligations.
SUPPORTED BY WOLCOTT
Senator Burrows Led Opposition to Resolu-
Senator Burrows Led Opposition to Resolu-
ton Senator Stewart Found Fault
with the President Rather Tame
Session of House.
In the Senate.

Washington, Jan. Ex-senator Stew
art, OF Nevada, opened the last day'.
discussion on the Teller resolution il
the senate. Mr.. Stewart maintained
that money, whether it be silver. colo
or paper, was Il creature of law. the
creation of money being inherent in all
independent nations. Hesaid this state.
ment had been upheld by the highest OF
tribunals, and he also recited historical
instances of such creation of money.
Senator Jones (Ark) said the advo-
Gates OF the resolution purposed to pay
the full pound of flesh due, but abso-
lntely not one bit more.
Republican Party Pledged.
senator Burrows, of Michigan, said
the Republican party was pledged to Sc
cure, If possible, international bimetal-
lism, and the president would do every
thing in his power to carry out that
pledge. Meantime the existing cold
standard must be maintained The
passage of the resolution might alarm
the business interests of the country
ana retard the advance of prosperity.
but, by the statements of the president
last night. the country was assured that
AL OF the governments obligations
would be discharged in the best money
OF the world
Senator White, of California. spoke
IN support of the resolution.
The President Criticised.
Mr Stewart said. referring to speech
OF President Mckinley made in New
York last night. that he regretted to
see the president so utterly misguided.
nc quoted the following sentence from
the presidents speech: Nothing should
ever tempt us-nothing ever will tempt
lls-to scale down the sacred debt of
the nation through legal tcchnicality.
Whatever may be the language of the
contract, the United States will dis
charge all it's obligations in the curren-
cy that is recognized as the best
the civilized world at the
time of payment. Mr. Stewart thought
thls a remarkable statement. which |
meant that simply nothing but gold
was good enough for the bondholder
Mckinley" said Mr.. Stewart. s.calls |
the option OF the government to pay its |
obligations in either gold or silver, an |
option worth thousands of millions. a |
mere technicality.
He thought it unfortunate that the I
president had placed the treasury de-
oartment in charge of the bankers, but
nc was glad the president had thrown
off the cloak and made an issue directly
With the people.
Senator Cannon, OF Utah, followed in
upport of the resolution. He criticised
he president for attending the banquets
If millionaires in New York and declar-
ng in favor OF paying the government
Obligations in gold in violation of the
latlons right to dictate what money
hey should be paid in.
Senator WOlcott supports 1t.
Senator Wolcott declared that any
enator, whatever his financial views,
ould vote for the Teller resolution. as
involved nothing except carrying into
fleet the governments plan of obliga-
ion. He thought that the denunciation )
nd abuse hcaped upon those who sup S
orted the resolution was unwarranted.