The times. [volume] (Richmond, Va.) 1890-1903, 1898-01-27
MORE CURRENCY DEBATE
SENATOR DANIEL SPEAKS IN AD-
YOCACY OFTELLER's REsOLUTION
Senators Hoar and Teller Have Discuss
on--Congressman Loud Scores the
Postofiice Department and Quigg.

yiding that the government may pay the
principal and interest OF the United states
bonds in silver. BY agreement the amend
ments pending are 10 be voted on before
the adjournment tomorrow.
The debate to-day was devoid of sensa-
tIonal Incidents and acrimonious colo
quies which characterized that of yes
terday; but it was replete with argument
and oratory. The debate was opened by
Mr.. Teller, ne said he would permit no
man to excel him In honor or IN good
faith.
Il would do nothing" he said. that
would bring about such a condition Of af-
fairs as would be disgraceful. whatever
the opinion of the Senator from Massa-
chusetts (Mr Hoar) may be Of my opin-
ions or convictions" Mr.. Teller said he
would be willing to retire from public life
IL by SO doing he could bring about an in
ternatiOnal bimetallic agreement. He
maintained that the existing contract
concerning the money in which the bonds
OF the United States were payable could
not be changed without action of Con-
gress. one of the parties TO the contract
and that the government had n right to
all the advantages the contract afforded
it,
In response to a statement by Mr.. Tel
Ter that S262. 600 900 of bonds were sold for
the purpose Of maintaining the gold
standard, Mr.. Gear. Qowa), said that IL
was well known that more than $500 000.-
eco OF those bonds were sold to meet a de-
felt in the Treasury.
A CONTRADICTION.
This statement was fatty contradcted
by the Colorado Senator. who maintain
ed that there was no necessity for the
sale Of bonds TO meet current expenses
when there was plenty OF silver 10 meet
pressing obligations of the government.
At the conclusion of Mr.. Tellers speech
Mr. Lodge called attention to some state
ment I'm criticism OF an amendment Of
fered by him 0Lcdge) to the pending re-
solution. The amendment declared that
the obligations of the United states
should be paid I'm the money that is the
highest money. IN gold or it's equivalent.
whether that be silver or paper.
"Well / shall vote against it, said the
Colorado Senator.
II desire TO know" said Mr.. Lodge.
what the Senator from Colorado thought
of my amendment, because / copied It
word for word from a speech by the
Colorado Senator i'm which he declared
that the obligations of this government
should be paid dollar for dollar in the
money that is the highest i'm the world.
Mr. Teller replied that he had never
advocated the payment of the govern
ment's obligations in a deprecated cur
rency and did not now.
Mr.. Hoar, of Massachusetts,, in a speech
in which he maintained the position he
took yesterday that the question under
discussion was not one Of law but of
honor and integrity. He said that the
advocates of the pending resolution MAIN
tanned that by a crime the price of silver
had been reduced until the silver in
dollar was worth only "a cents, yet the
same senator's who made the charge or
that crime" advocated the payment OF
the governments obligations i'm this de-
preciated money-money that had been
deprecated as they claimed by crime.
HOAR AND TELLER.
The Colorado Senator when he rose TO
begin his speech. Mr.. Hoar said, expressed
a desire to resent something. In fact he
was always resenting something.
Mr. Teller rose TO call Mr.. Hoar's at
tention to another statement and when
he had done so Mr.. Hoar ridiculed him by
likening him TO a small boy WHO was ASK
ed what the cost Of eleven pounds OF beef
would be at seven cents pound and 70
price"
In the course OF his remarks Mr.. Hoar
referred incidentally TO the present indus-
trial situation in New England and its
relation 10 the Dingley tariff law. Further
along he reverted TO the situation ana
briefly discussed il. lie was satisfied that
the industrial trouble in New England
was not the outcome of the tariff law,
but from different causes. lie was glad
and the people of New England were
clad OF the industrial prosperity OF South
Carolina. Alabama and Georgia, but he
did hold that the people OF New England
did not want to be brought into COMPETE
ton with communities where long hours
are the rule I'm Industrial establishments
and where child labor was employed In
the factories lie said that these prac-
tees were not known in New England
where the limited hours for workmen and
no child labor were provided for by law.
Mr. Hoar was followed by Mr.. Plat,
Comm, in an address in opposition 10
the pending resolution. Mr.. Platt said
that he had been endeavoring since the
opening of the debate 10 ascertain what
the purpose of the advocates of the
pending resolution was in pressing it. but
had been unable to do 50. Unless IT
means something more now" said Mr..
Platt. than II meant twenty years ago,
there is absolutely no reason for its pas
sage IL is old and mouldy. II this reso-
luton means anything it means the free
and unlimited coinage Of silver"
SENATOR DANIEL SPEAKS.
Mr.. Daniel, OF Virginia, foil, wed Mr..
Piatt in support Of the resolution. lie
said that we were confronted upon all
sides with the clamorous statements or
the gbld men that agitation Of the finan-
cial question was unsettling business and
DESTROYING the credit OF our people. Yea,
he said, the gold men were holding con-
yentions. tie financial question was be-
ing investigated by congressional commit
tees and the President Of the United
States in his message TO this Congress
hal advanced propositions in support OF
fastening upon the country the single
gold standard.
NJ. Daniel maintained that a. was not
I'm violation Of public interest as has been
suggested by the Senator from Massa-
churetts UIcar) to pay THE bonds OF the
United states in silver at the option OF
the Government. He wanted, no said 10
call attention To the fact that the bulk or
the outstanding bonds had been secured
from the United States at reduced prices.
AMI he maintained that the payment or
these bonds i'm the coin of the country
wo nd amply repay the holders. lie eX-
pressed the belief that II the conditions