Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1898-02-05
A WARM DISCUSSION ON
TELLER'S RESOLUTION
Senator Stewart Regrets Much
That the President Is Not
Well Posted.
SAYS GAGE IS NOT TO BLAME
Jones Gave Notice That They Mus.
Reckon With Silver Senators
Before Any Bill Be-
comes a Law.

Washington. Jan. 29.-The senate
convened at 10: 40, il being the last
days discussion of the Teller resolu-
ton for the payment of United States
bonds in silver.
Stewart of Nevada, after a legal dis
cussion OF the money question, said,
referring to McKinley's New York
speech last night, that he regretted to
see the president had not studied the
question more deeply and that he was
utterly misguided. He said the presi-
dents utteranccs that the nation
would pay all it's debts in currency
recognized as best throughout the civ
ilized world at time of payment, was
equivalent to saving that nothing but
gold was good enough for a bond
holder. The option of the government
to pay its obligations i'm either gold
or silver was " mere technicality," as
the president claimed. Continuing,
Stewart said: I'VE cannot use the
money i'm the treasury unless it is rec
ogniZed by other nations of the world
as the best money. The despots and
gold sypdicates of Europe are TO
name the kind Of money regardless OF
what the law of the United States may
be-"
IL was unfortunate, he said, hat the
president had n banker for a secretary
Of the treasury, for, though an honest
man, il was difficult for him 10 look
at a question except from the stand
point Of u banker. He was glad the
president had made the issue directly
with the people.
cannon ~ Ifinh fnlInNNnI in Gnnnnrt
Of the resolution. He denied that the
advocates of free coinage were in fa-
vor of anything but hundred cent dol
lars. He criticised the president for
attending banquets Of m"illionaires IN
New York.
Jones, Arkansas, gave notice that
the silver senator's would have to be
Teckoned with pretty seriously be
fore any such legislation as that pro-
posed by the monetary commission
could get through the senate. lie de-
clared that no democrat, silver repub-
lican or populist ever declared in IA
vor Of paying government obligations
in deprecated currency.
Aldrich interrupted by saying Jones
colleague, Berry said If free coinage
should not produce II rise in price OF
silver he favored paying u ohliga-
tons in that metal.
Jones retorted that his colleague
was able TO take care of himself. Con-
tinuing he said the anti-silyer newspa-
pers were crying out that silver was
dead. He believed the peoples con-
viction on the question was more
firmly fixed than ever before.
..tna1,,nAl "a pnGnlIfinn
that it is contrary to the interest,
policy and traditions of the people OF
the United States to acquire any ter
ritory so situated as to require u navy
to protect it,. The resolution went
over.
Burrows of Michigan, spoke in OPP
position to the Teller resolution. He
said the republican party was pledged
to secure, if possible, international BIZ
metalism. The president would do
everything in his power TO carry out
the pledge. In the meantime the eN-
isting gold standard would be main
tanned. Until international bimetal-
lism was secured, the purpose Of the
administration was to continue the BIZ
metallism we now have, whereby $500
$4,000 of silver is maintained at parity
with gold. To abandon this would be
a violation of the public faith and in
dcrogation of the rights of the public
creditor. The passage of the resolu-
ton would accomplish nothing, except
possibly to alarm business and retard
The advance of prosperity. The Pres
idcnt's statements last night were an
assurance that the government obliga-
tons would be paid in the best money
of the world.
Wolcott followed in support of the
resolution. He said he thought any
senator. whatever his financial views,
could vote for the resolution, az it in
lived nothing except the carrying
into effect the governments plain OBJ
legations. Lugging into the debate
the rights of pensioners is entirely ir'
relevant.