The times., 1898-06-04
| WAR BONDS AGREED TO
Continued from First Page,


the single standard gold policy: but he
disappointed the friends of the double
standard by subsequently Withdrawing
his amendment He said he withdrew it
70 facilitate the passage of the bill.
Mr. Morgan made an argument in favor
of free coinage. saying that there was
not a senator in the chamber who would
be willing. if we should be successful IN
the present war, to allow the Philippine
Islands, the Carolines. Cuba or Porto
Rico 10 pass into the possession of any
other country
Those in charge of the bill then gave
up further action and the Senate ad-
jourhed TO meet at IL O'Clock today.
During the debate on the bond propo-
sition. the late international bimetallic
commission came up for discussion, and
lively tilt between Senator'S Alien and
Senator wolcott followed.
The BimetaIIic Commission.
Mr.. Allen said: Mr. President. / am
one of the four eccentric characters re-
ferred to by the senator from New
Hampshire (Air Chandler who voted
against the bill. which was enacted a
year or two ago, sending certain COM
missioners abroad to negotiate interna-
tionaI bimetalIism. / did not vote against
that bin because / was opposed to inter-
national bimetailiSm; l voted against IL
| because l was satisfied that the mission
of the commissioners or ENJOYS, which
ever they may be called. would be abso-
lutely fruitless. as the mission was fruit
less
THAT bill carried 100000 to pay the
expenses of the commissioners. Ii Was
like burning up $780, 900 of the money Of
the people of the United States. After
seven or eight months of absence in Eng
land France. and elsewhere in Europe
our commissioners came back TO us, and
the honorable junior senator from Color
| ado (AIr. WolcotO, the chairman of the
commission told US last January that the
/ mission was a failure. He not only told
Us that it was failure. but he told us
why it was a failure; that the money in
| terests of the United States and the See
| retary Of the Treasury. the chief iinan
| cial officer of the Government OF the
! Unlted States. were using their influence
| in money circles in Europe TO defeat the
/ object Of the commission.
Mr.. President, / believe international
| bimetallism is a snare and delusion. /
! do not believe ii is capable of accomp! sh-
ment. do rot believe the time will ever
come in the life of any man in this cham
/ Der when international bimetalIism VIII
| be an accomplished fact
| England owns fifteen hundred millions
| of the world s indebtedness on q SOld pa
| sis She is not going to relinquish that
| power over the property of the world and
I have a reorganization of the financial
system. II is impossible to conceive that
/ she will do so.
so Mr.. President international bimet-
| alllsm is simply another name for the
| single gold standard There are those
who are honest enough TO say that they
| want the gold standard without any quail
| ifcations: there are others who are a lit
| tie more cowardiy and who speak in IA
| vor of international bimetaliism because
| they can hide their true opinions behind
| that theory.
| Il am glad that did vote against the
/ bill Great ting that commission. It was use
| less when we voted for it. / do not be
| lieYe there was a man in this chamber
| who did not in his secret heart know that
the mission OF those commissioners would
| be a failure
| Now, Mr. President. the senator from
| New Hampshire complains because. as ht
| says, we are in favor OF maintaining th'
| parity between gold and silver What 1!
parity in its application to the gold ans
silver question? Nothing more nor less
than a law of equality between a gold dol
lar and d silver dollar in their debt-payinl
and purchasing power.
A. to Parity