The herald., 1898-01-29
what the law of the United states may

to be an honest mana man who WOul
not rob bank-but, he said, 1t was diff
cult for Mr.. Gage to look at this ques
ton except from the standpoint of
banker. He thought it unfortunate tina
the President had placed the Treasur
Department in charge of bankers, bu
he was glad the President had throw
off the cloak and made the issue directl
with the people.
CANNON'S SHOT
Mr.. Cannon of Utah followed in sup
port of the resolution. He believed tha
the only way in which the parity of sill
yer and gold, as money, could be main
tanned was to accord equal privileges t
both metals at the mints. He held tha
the only other way to maintain parit,
was to pile up interest bearing obliga
tions upon the people. He firmly deniet
that the advocates of free coinage wer
in favor of anything but 100-cent dol
lar.
I'VE do not believe, however" saiC
Mr. Cannon. sin the deified gold dollar
of Grover Cleveland, which is worshipet
by the present administration"
He criticised the President for at
tending banquets of millionaires in New
gold, and then declaring in favor of pay
ing government obligations in gold, in
violation of the nations right to dictate
what money they should be paid in.
Mr.. Cannon said that if there were nc
other reason for his support of the reso-
luton, he would vote for it to serve
notice upon every creditor of the United
States that he should live up to the con-
l.. l. i i
government.
JONES STANDS FIRM
Mr.. Jones of Arkansas began his
speech in support of the resolution by
criticising the position taken by Mr.. AL
lison of Iowa. He thought the resolution
would squarely align those who held the
various financial beliefs He said the
advocates of the resolution proposed to
pay the full pound of flesh due, but alb
solutely not bit more. He read a COM
muncation in a financial newspaper to
the effect that there would not be n
serious opposition to the legislation pro-
posed by the Monetary Commission, by
the "recalcitrant Silver Senator'S"
Mr.. Jones gave notice that the "recal-
citrant Silver Senators" would have TO
be reckoned with pretty seriously before
any such legislation as that proposed
got through the Senate
Mr.. Jones said that he made the broad
statement that no Democrat, Silver Re
publican or Populist had ever declared
in favor of paying government obliga-
tions in a deprecated currency.
Why" interrupted Mr.. Aldrch. "the
Senator's own colleague (Mr. Berry,
said if free coinage should not produce
a rise in the price of silver, he would be
in favor of paying our obligations in that
metal"
But he did not say that free coinage
would not produce such rise" said Mr..
Jones.
"Oh, that is mere refinement of Ian
guage," replied Mr.. Aldrich.
My colleague said Mr. Jones. "is
able to take care of himself and to de-
fine his meaning"
We'll, l shall take up that matter
when ! speak" said Mr.. Aldrich.
Mr.. Jones, continuing, said that the
newspapers unfriendly to the cause o.
silver We're saying that bmetallism was
dead.
Il believe" said the Arkansas Senator
"that the peoples conviction upon this
question is more firmly fixed than ever
before. They are determined to restore
silver to its status before 1903, and we
shall do all to accomplish that result.
We shall march in solid phalanx, with
shields locked, down to the day of doom. |
in our efforts for the restoration of sil-
Yer and the Republican cries that thu
issue of silver is dead will fall upon deaf
ears"
Al 10 e In,
Mr.. Pettigrew introduced the following |
resolution:
THAT it is contrary to the interest.
policy and tradition of the people of the
United States to acquire any territory
so situated as to require a navy to pro-
tect it,
The resolution went over.
THE PRESIDENTS ASSURANCES
The first speech Of the day in opposi-
tion to the Teller resolution was deliv-
cred by Mr. Burrows of Michigan. He
said that the Republican party was
pledged to secure, if possible, interna-
tional bimetalism, and the President
would do everything in his power to
carry out that pledge. Meantime the
existing gold standard would be main
tained. Until the international agree
ment was secured the purpose of the ad-
ministration was to continue the kind
of bimetallism we have now, whereby
500, 600 900 silver dollars were maintained
at parity with gold. Any proposition
which looks to the abandonment of this
position, which was likely to create
disparity between the coins of the coun-
try, was in violation of the public faith
and in derogation of the rights of the
public creditor. In conclusion, Mr. Bur
rows said that the passage of this reso-
luton would, fortunately, accomplish
nothing. 1t might tend to alarm the
business interests of the country and
retard to some extent the advance of
prosperity, but by the statements of the
President of the UrNed States last night
the country was assured that the gov
ernment's obligations would be dis
charged in the best money of the world.
WHITE SCORES
Mr.. White of California spoke in sup
port of the resolution, and analyZed at
some length the position of the Repub-
lican party upon finance. He spoke of
the lack of definiteness of the Presi-
dents message on the larger
questions. The message referred
to Secretary Cages plan and
invited inspection There was no
opposition expressed to that plan, and
doubtless, said Mr.. White, if the Presi-
dent did not approve of the Gage plan
4 II