Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-02-03
From the Kansas City Star,
Senators Put on Record.

Washington, Jan. 29.-In the sem
ate yesterday afternoon Mr.. Far
banks spoke against the Teller reso-
luton for the payment OF bonds in
either silver or gold. lie SAID that
the purpose of the resolution was not
frankly expressed on its face, and 1t
was only in The course OF the debate
that it developed that the essential
purpose was to give an expression of
the United States senate favorable to
the free and unlimited coinage Of sill
YER at the ratio of 16 to /. He read
a telegram received by him from Sec
rotary Gage as to The methods in
paying bonds. In this Mr.. Gage
stated that gold, when demanded, was
not refused, hut as a matter of fact
gold was seldom called for, and few
payments were made in gold.
Referring 10 Senator Teller's Rd-
vocscy of free silver, Mr., Fairbanks
said that while he did not question
the lofty purposes inspiring the Colo.
RADIO senator, yet they had carried
him to the point where all else was
dependent on this one question of
silver 1t was On advocacy 80 ardent
that the senator seemed ready to fol
low his ignis fatuous although it
should plunge the country into the
morsss of government dishonor. He
feared the Colorado senator would be
willing to see his country wrapped in
the flames of war if his one aim Of
free silveFwas accomplished, for said
the Indiana senator, tbe first gun fir
ed would bring the United States to
a deprecated silver basis.
woLcoTT ATTACKS HoND SALES.
Mr.. Wolcott was the first speaker
under the tifteen-minute rule. He
thought that any senator, whatever
his financial views, could vote for the
Teller resolution, as 1t involved moth
ing except the carrying into effect of
the governments plain obligations
He thought that the denunciatlon
and abuse heaped upon those who
supported the resolution were I'M
warranted, for ne did not think the
man was yet born who would betray
his government by Offering to pay its
obligations in spurious money. He
referred with scathing sarcat m to the
sale Of bonds by the Cleveland adj
ministration in 1894, denounciDg it as
one of the darkest pages in American
financial history. He declared that
the men Of the west might be en-
trusted with the national honor
"We have" he said, "never betrayed
our government and never will. We
intend to pay ell our obligations in
good money and in nothing else He
felt that the resolution ought to be
passed without change, because it
meant just what it SAID, and its
declarations were in no sense a vio-
lation of the national honor, either
direct or implied.
Mr.. Morgan supported the resolu.
ton in carefully prepared speech.
FORAKER FINDS DOUBTFUL POINTS
Mr.. Foraker thought the resolu-
tlon's meaning ought to be made
clear, 1t being evident there was a
great diversity Of opinion on that
point. He did not think the resolu-
tion was any more than declaratory
OF the law and that was as far as the
declaration went. He thought the
statement in the resolution that such
coinage IS contemplated by it was
not in derogation of the rights Of
creditors could only mean the free
and unlimited coinage of silver. He
was, therefore, opposed to the resolu-
,tion. He declared himself in favor
of international bimetsllism, or as an
alternative to maintain the present
financial status. The enforcement of
the terms of the resolution would not
bring about bimetsllism, but would
force the government to silver basis.
Mr.. Chiffon advocated the restors-
ton of standard silver dollars to coin
age and their use in the payment of
the governments obligations.
Mr.. Nelson stated that his objection
to the resolution was that it ignored
the duty of the government to main
tain the parity between the metals as
imposed upon 1t by law. He caused
suppressed laughter in comparing
o.lne.