Daily capital journal. (Salem, Or.) 1896-1899, 1898-06-06
PLEA FOR SILVER.
Amendment Demanding That 1t Be
Given Fair Treatment.

In the United States senate, Chan
dler, Of New Hampshire, Silver Re
ubIican, in discussing the revenue
bill said, that sthe majority of the
finance committee would Insist upon
It's proposition TO coin the silver
seigniorage, ard that the Republican
minority would press its bond propo-
sitiou. thought IL proper to offer some
remarks upon an amendment he had
offered to the pending bill. The
amendment follows:
"And 1t is hereby declared TO be
the policy of the United States not To
commit tue country more thoroughly
to the gold standard, but that che
efforts OF the government in all its
branches shall be steadily directed to
secure and maintain the use Of silver
as well as gold as standard money,
witt the free coiuage of both under a
system Of bimetallism which will in
sure the parity in value Of the two
metals, furnish a sufficient vOnmn OF
metallic money and give immunity
to the world of trade from tile violent
fluctuations in exchiCRe,
Referring to the general feature OF
the bill. Sen tor Chandler declared
that the opponents OF the existing
war should not he allowed to make ii
unpopular by the iuhietion upon the
people OF onerous and ill-adyised tax
alton. He urged that 1t was better
to await the developments OF the wal
before making extensive provisions
for it. A few moths hence. lie
thought 1t would be far easier than II
now is to determine what amount Oi
taxation should be leyied.
Senator Chandler announced his op-
POSITION to the issue of legal tender
notes. In his opinion however, the
proposed coinage of the silver seig
niorage was an entirely different
thing. He saw advantages that
would accrue to the country from the
con version OF the seigniorage into
money, and not the least danger. He
was not favorably impressed with
lO-year per cent bonds, as the cheap
est way of raising needed funds for
the prosecution of the war.
Senator Chandler then began a dis.
cusslon of the financial situation In
which he opposed the gold standard
and advocated bimetallism
In the course of discussion of the
adm inistration IS effort to secure bi-
metalism, Senator Chandler criticised |
Secretary Gage sharply for the posi-
tion he had assumed iE attempting |
irrevocably to commit the admins
tration to the gold standard and crit.
icised his hostility to silver and in
ternational bimetallsm.
Speaking OF the action on the Tel
Ter resolution, which reafiirmed the
Stanley Matthews silver resolution,
he said that Secretary Gage mad sup
porters In the Republican party, He
said that at the head of those who
voted for the Matthews resolution in
the house was William Mckinley,
now president, aud in the senate.
William B. Allison, of Iowa. He
thought it remarkable that what was
true and honest 20 years ago was true
but dishonest now.
Senator Chandler said the Republl-
can party did not hesitate to reorgan-
ize the supreme court IL order to |
assert the right Of the United States
to issue irredeemable paper money.
He reviewed the various decisions OF
the supreme court on this subject and |
said that the national honor was not
In danger by free coinage OF silver If
It was not endangered by the tissue of
papers.
A concurrent resolution directing
the commission appointed TO codify
the criminal laws OF the United |
States to prepare and submit to con-
gress code OF civil procedure for the
district OF Alaska, which had been
amended by the house OF
w9s concurred In.
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