The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1898-01-29
rRBE SILVER TRIUMPHS.
Continued From First Page.

Mr. Bacon of Georgia took issue with
the statements and conclusions OF Mr..
Foraker and Mr.. Allison, discussing the
present conditions as comtrasted WIN
those of 1878 when the resolution was Or
ipinaIIy passed, He held that the resolu-
ton applied distinctly to the silver al
ready coined and to that which should be
cojnedli in the future. The7government of
the mast six years had violated the
statutes and the Stanley Matthews resolu-
tion. He maintained, therefore, that the
pending resolution twas moist important
as declaration of the legislative branch
as to the duty of the executive branch of
the government:
MIR Thurston of Nebraska, said that the
loyal obligation of the government was
set forth in it's contracts and there was
no need now to restate the terms of those
contracts He would follow his party in
it's declaration to maintain the parity OF
salI the dollars. He appealed to the silver
anen to permit the businesfS men OF the
country for little while to attend to
their affairs in order th ut they might
5ascertain Where they stand. Mr.. Tillman
of South Carolina, thought this dis
scussion was simply the nlanoevering OF
@the great political parties for position IN
the great contest to ba fought IN l9OO
The people, he said, would WILD in that con-
test as they had won in every fight they
3Fad ever made for freedom. He denounced
ssss hypocrisy the financial plank of the
aRepub1ioan platform and insisted 1t was
tan effort to fasten the gold standard on
the country. He attacked former Comp
,troller Eckels for his action regarding tho
eChestnut Street National bank OF Phlla-
pdelphia, and declared that tile fact that
six OF the last ten comptrollisrs of the cur
Erency had graduated from the treasury
it'pest house" TO De presiden is OF national
banks or trust companies proved that
those men were owned by the banks or
had been bribed.
Mr.. Hawley of Connecticut said that
the last original Stanley Matthews act
had no force, as it was q mere campaign
threat and did not have about it enough
.GF chemical qualities to make stencil.
The government had procee ded to pay Its
pbligations without referen3e to that resc-
Tuition and he thought the passage of the
spending resolution would have no more
effect. 1t simply looked 20 the payment
of the national debt in ff)rty-three cent
dollars.
MIR. GalIinger of New Hampshire said
he would vote against the resolution be-
oause5there lurked in itaathse danger of free
coinage which he regarded as an irrides-
cent dream and because he wanted the
bonds of the United States paid in the
bestssmoney Of the world.
Mr.. Elkins of West Virginia thought
that as legal proposition the resolution
GOusQ QOU Do successfully oSc6lACds Ou1zAlS
could see no reason for its passage now.
We could raise no money7ton bonds in the
markets of the world il the declarations
of the resolutions were enforced, because
their enforcement would mean the free
coinage OF silver.
his purpose to vote for the resolution. He
gave this vote for the resolution as it
stood and not for any Interior purposes
the resolution might have. The resolution
affirmed principle of existing law.
Mr. Callom of Illinois, announced that
he would vote against the resolution be-
cause it was step toward free silver. He
presented statistics showing an increase
of money circulation in the last eighteen
months of S214, 100000, F-hich he said was
sufficient answer to the statements that
recent conditions had favored the bond
holders and oppressed the people. He said
his tables showed that farmers products,
particularly wheat, had gone up of late
and articles usedaa by farmers had gone
down.
MIR Butler of North Carolina advocated
the resolution, saying that instead OF de-
strayin~ the parity of the metals. it was
intended to sustain that parity.
Mr. Rawlins of Utah said the question
was simply one of paying bonds in &C
cordance with the legal obligation or in
the sO-caIled best morey" of far greater
value than the money with which the
bonds were bought. This best money
while best for the bond-nolders, means a
doubled burden for the people who must
pay the bonds
Mr.. Aldrich, said he had not needed the
declaration of Mr.. Vest to disclose that
this issue was the opening of the cam
paign of 1898. It was the opening of a
contest between those who favored a
cheaper money and those who believed
the United States was bound at every
hazard to maintain the parity of every
dollar ever issued by the government; it
was the opening OF ascontest between sll,
ver recommendation and the friends OF real
bimetallism. At a time when the Repub
lican party was seeking to strengthen tho
currency of the country, this miserable
lneaurse Was brought forward.
I'VE intend to meet this issue square
~" declared Mr.. A drjch. ''We are
responsible to the greatparty we represent
and beyond that to the American people
and we propose SO far as we may, to
maintain the honor and the credit of the
government
ton was an absurdity in that it was a
concurrent resolution" in which the
House would not concur. Hence it would
be inog,erative even as an expression of
sentiment by the Senate. He had heard
said thtt6 the financial eccentricities of
the Sen;Vte no longer interested or alarmed
the Country. Why was it? Because of
such resolutions as this. If the resolution
meant fr4e silver why did it not say SOP
Why skulh behind resolution twenty
years old? The conglomerate vote about
to be given for the resolution would dis
close some strange features. The Senator
from Delaware Gray could hardly feel
proud of has society.
THE society is all right" said Mr..
Gray.
'iBut the principles are not" answered
Mr. Aldriah.