The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-01-28
MORALS INVOLVED IN MONEY.
SENATE AGAIN DEBATES THE TEL
LER RESOLUTION.

NnG MhNN beENue E4AEneE 10
Maintain the Gold standard or
Adopt Free Coinage of SiIver-Mr.
Lindsay Holds That Useless Waste
of Time Is Involved in the Com
alteration of the ResoIutiOn-VOte
to be Taken To-day.
Washington, Jan. 27.-After transacting
some minor business, the Teller resolution
was laid before the Senate and, after ccn-
siderable discussion. 1t was agreed that
the vote should be taken tomorrow at s
and the last four hours of debate to be
under the flfteen-minute rule.
After this agreement had been reached,
Mr.. Daniel resumed his speech begun last
evening. He made a legal argument In
support of the pending resolution, holding
that the law never contemplated giving to
the governments creditor the option as
to the kind of money he was to be paid
in The creditor naturally desired the dol
lar which was most valuable to him. but
if he did not know what he would re-
ceive, he would do his utmost to maintain
the parity of all dollars. He enumerated
the great men who supported the resolu-
ton in 1878, beginning with the distinguish
ed author, Stanley Matthews, and con-
cluding with the present President of the
United States.
He thought therefore, that attacks upon
the honorable motives of the supporters
of the resolution now were ill-timed and
unwarranted. He closed with a tribute
to the Democratic party.
Mr. Lodge followed Mr.. Daniel He sail
he had always been an international BIZ
metallist, and was one now He had done
everything in his power to promote an in
ternational agreement, as he believed that
would do much to simplify the question.
He was constrained to believe, however
after hearing the eloquent statement OF
the senator from Colorado (Mr. WolcotD
that the attempt to secure an international
bimetallic agreement had failed, tempo
rarly, al least He held, therefore, that
the country was confronted with two
propositions one of which 1t would have
to accept. Either the existing gold stand
ard must be maintained Or the country
must authorize free silver coinage. The
latter alternative means, said he, the dis
appearance Of gold from circulation and
the placing of the country upon a silver
basis. 1t has come now TO a contest be-
tween the two standards.
Mr.. Lodge declared that any change in
the monetary standard would fall with
dire results upon the masses of the peo-
pie. The addition of the resolution and
the enforcement of its provisions he
thought. would be a policy fraught with
great danger to the country and to the
people.
Mr.. Lindsay of Kentucky followed I'm a
set speech In support of the resolution. He
declared himself in favor of having all
money of the United States, whether coin
or paper, kept equal to the best money Of
the world, and he thought lit unfortunate
that the advocates of sound money should
have accepted the issue rendered by the
resolution, not only with the consciousness
that they were wrong, but also with a Ger
tainty that they would be defeated Con-
gress has the right to coin both gold and
silver. and in doing so violates no con-
tract"
Mr. Lindsay held that consideration OF
the resolution was a useless waste of time
He thought there was no more reason for
its adoption at this time than for the re-
affirmation of the declaration OF inde-
pendence. The declaration of independ-
ence had lost none of its force and effect
during the past hundred years and he
thought none of the force and effect of
this resolution had been lost during the
past twenty years. He said, however, he
wanted to protest against the statement
that had been made to the effect that all
those who would vote for this resolution
would, by their votes indorse the views
of all who supported it, Mr.. Lindsay held
that 1t was not bad faith on the part OF
the government 10 pay obligations in any
money authorized by law.
Mr.. Aldrich asked whether the country
could commence free coinage and go to a
silver basis without derogation of the
rights of either the public or the private
creditor.
1T might be unwise," replied Mr. Lind
say, but the question presented is one
of policy, not Of good faith. The law pass
ed in a constitutional way. and so main
talned always determines the question OF
good or bad faith"
would It be in good faith" persisted
Mr.. Aldrich, Ito pay the governments
obligations In deprecated currencyY'
Mr.. Lindsay thought the question had
been answered. He held that the oppon-
ents OF the resolution had made a false
issue in endeavoring to make this reso-
luton an important matter.
In colloquy between Mr.. Lindsay ard
Mr. Caffery, the latter declared: "The
government is morally bound to pay its
obligations in the best money. If gold
should depreciate, and silver should cx-
coed Il in value, it would be violation of
public faith to pay our obligations in sold"
In reply to Mr.. Lndsay's statement tnat
the opponents of the resolution had forced
the fight, Mr.. Aldrich said: THE senator
from Kentucky is under a misapprenen-
sion We did not bring this resolution be-
fore the Senate. II was brought here by
Mr. Vest, one OF your distinguished
friends, after it had been introduced by
the senator from Colorado (Teller). Three
years ago It was introduced in the House
by w. j. Bryan the great leader Of the
Democratic party, and the discipline OF
your party is 50 strong and so excellent
that even the senator from Kentucky Is
now found lighting under Mr.. Bryans
leadership"
'"The senator from Rhode Island had
better look after his own leadership" re-
plied Mr.. Lindsay "and not trouble him
self about mine"
''I do not expect" restorted Mr.. Aldrlch,
~that the senator from Kentucky will ever
vote under my leadership. Discipline on
| that side of the chamber Is too strong
| for him ever 20 sever himself from the
democratic party l wish that party
| LOYALTY were as strong on this side Of the
| chamber. | wish so. too, and l wish the
senators on this side of the chamber
would not go off from the tenets and prin-
ciples of the Republican party at the be-
| hest Of the Indianapolis convention, as
| some of them have done"