New-York tribune., 1898-01-29

could Mr. Jones thought, on principle DO any
thing but vote against the resolution On the con-
.rary he could not understand how any Senator
holding different financial views could do any
thing bu; support st. The advocates OF the reso-
luton proposed to pay the fun pound OF hesh due
but absolutely not bit more. In discussing 'he
work OF the Monetary Commission. with special
reference to Its recommendations concerning pahh-
Ing Mr Jones said that II was the evident pur-
pose of those behind the proposed bank legislation
10 fas;en the gold standard on the country. he
then read communication In nnanc!al news
paper TO the effect that there would not ne much
serious opposition 10 the proposed legislation from
the "recalcitrant silver Senators" Mr.. Jones gave
notice that the recacitrant silver Senators would
have TO he reckoned with pretty seriously before
any such legislation that proposed got through
the Senate.
Mr.. Jones said he made the broad statement mat
no Democrat silver Republican or Populst had
ever declared in favor Of paying Government OBJ
legations in a deprecated currency. He then
quoted Senator Aldrlch OF Rhode Island. to the
effect that. In view OF statements on the Demo
cratic side OF the chamber. this was the most I'M
portant question that had come before Congress IN
years He declared that this was a suggestion that
he and his colleague. were in favor OF using de-
preciated money.
Way" interrupted Mr.. Aldrch. tho Senator's
own colleague tNir Berry said II free coinage
should not produce a rise In the price OF silver he
would he in faNor OF paying our oolisauohs III '"a'
metal"
But he did say that free coinage would not
produce such rise" said Mr. Jones.
on that is a mere refinement OF language. re-
piled Mr.. Aldrich.
MY colleague" said Mr. Jones. is able to take
care OF himself and 10 define his meaning.
We'll / snail take up that matter when speak.
said Mr.. Aldrich.
Mr. Jones said that the newspapers unfrtendly 10
the cause were saying that bmetallsm was dead.
Il believe" he declared that the peoples convic-
ZION OIL this question is more firmly fixed than ever
before They determined 10 restore silver TO Its
sta,i. before ,s73 and shall DO all we can TO &C
oomplish that result. We shall march In SOLID
nhalanx with shields locked. down TO the day OF
doom in our efforts for the restoration OF silver
and the Republican cries that the issue OF silver Is
dead will fail deaf ears"
At the close Of Mr.. Joness speech Mr.. Pettisrew
Introduced the following resolution:
That II is contrary to the interest. policy ana
tradition OF the people Of the United States TO ac
quire any territory so situated as 10 require a
navy to protect H.
The resolution went
OPPOSED BY SENATOR BURROWS.
The first speech OF the day in opposition 70 the
Teller resolution was delivered by Mr.. Burrows
Rep Mich). He said that much had been SAID
about the position OF the Republican Administra-
ton on binetallism. That. he thought. could not
be 4 subject of doubt. The Republican party was
metallism and the President would do everything
in his power TO carry out that pledge In the mean
time the existing gold standard would be main
tained. Until the international agreement was Sc
cured the purpose OF the Administration was 70
continue the kind OF bimetallism We have now.
whereby 800 10000 silver dollars were maintained at
a parity with gold. Any proposition which looks
20 the abandonment Of this position, which was
likely to create disparity between the coins Of the
country in violation Of the public faith and IN
derogation of the rights Of the public creditor In
conclusion. Mr. Burrows said that the passage OF
this resolution fortunately would accomplish moth
Ing. 1t might tend TO alarm the business interests
of the country and retard 10 some extent the ad-
vance Of prosperity. but by the statements OF the
President OF the United States last night the coun-
try was assured that the Governments obligations
would be discharged in the best money OF the
world
Mr. White Dem. Cal.) spoke IN support OF the
resolution. The real question before the Senate
was, Of course the passage of this resolution. but
by the statements Of opponents Of the resolution
the whole financial question was involved In the
discussion He referred ironically TO the New
York banquet last night, at which the President
spoke. He spoke Of the men who had gathered at
The feast TO consider means of improving the con-
diton Of the poor workingman and the farmer. IL
had been referred % Beshazzars feast. Mr..
White read in sarcastic tones the press reports OF
the enthusiasm al reference to the gold standard.
and the cold chill which overspread the ban
queers the mention Of International blmetallisrn
1t was well established he declared. that the pub
lie utterances OF Secretary Gage on the gold stand
ard gave the real attitude OF the Administration
There was in reality difference between the
President and the Secretary Of the Treasury. and
the latter had given out a statement not long ago
that their views were in substantial accord III
closing Mr. White said that behind this resolution
was the great issue between bimetasm and the
gold standard. which from this time on would be
kept clearly In view. SO that attempts TO deceive
the people would fail
MR. FAIRBANKS ARGUMENT.
M Fairbanks Gsep. Ind followed against the
resolution. He said the purpose Of the resolution
was not frankly expressed on It's face. and 1t was
only in the course OF debate that 1t developed that
the essential purpose was TO give expression Of
the United States Senate favorable to the free and
unlimited coinage OF silver at the ratio OF ie to J.
from iron secretary Gage as to The methods of paying
bonds In this Mr.; Gage said That god when , de,
gold Is seldom called for and few peyimens on are
nae3 s9' o n fee ged s1e M az SAID that
ne dd not question the lofty purposes inspiring
the 10 the pon wSere all Else Ws dependent on tbs
one question OF silver. !, was an advocacy so
isns r" fatuus even though it plunged the country
into the norass OF Government disnSnGr On cu,,
China and the need of a strong foreign policy Mr.
Fairbanks declared haI ne m e"Isd ne ne C%0radS
wrapped in the flames OF war II his one aim of free
silver accomplished, Tor the nrst gun Nfed |
would bring the country 10 deprecated silver |
bass.
WHY Mr. wOLCOTT VOTES FOR IT
Nj woicott Top., COLI the first speaker |
under the fifteen minute rule. which went into |
effcc; at O'Clock He thought that any Senator, |
whatever his financial views, could for the |
Teller resolution as it involved nothing except the
CARRYING into effect Of the Governments plain OBJ |
legations. He thought the Juggling into the debate
of the rights Of the pensioners was entirely r- |
relevant. There was no doubt that the pensioners |
would be paid in good money. He ima Sncd, how |
ever what sort OF treatment the pensioners would |
receive from the indianapolis Convention or from |
the NewYork Clearing House Association. lie |
thought that denunciatlon and abuse hcGpcd on |
those who support The resolution were unwarranted,