The times., 1898-02-01

that this Government should pay Its
outstanding bonds in no other money
than that which has been the stand
ard value since 1884,
Mr. Dingley thought that such an
act by the legislative branch Of the
Government as was proposed by the
resolution under consideration was the
most fiagrant violation of the punho
faith. He concluded by asking those
bound by the Republican party's plat
form to vote against the passage of the
Teller resolution. lRepublican ap-
plause-)
Mr. Wheeler of Alabama followed,
declaring that the resolution had been
most ably debated in the Senate last
week. and that as a result OF the able
arguments in its behalf it had passed
the mate by a majority of fifteen,
and that many of those voting for the
measure were men whose eyes had
been opened recently to the demands of
the people. He earnestly advocated the
passage of the resolution, and asked the
members to vote for it Mr.. Wheeler
Welded the rest of his time to Mr..
Dockery of Missouri, and two or three
others. to make one-minute speeches
for the purpose of extending their re-
marks in the Record and filing their
protests against the defeat of the Tel
ler resolution.
The next to address the House was
Mr. Bland. of Missouri.
Mr.. BANDS Hot Shot.
Mr.. Bland declared that the Re
publicans were violating their platform
by opposing this resolution.
Your President " said he. ''announc-
ed at a banquet recently that the pub
lie debt must he paid in gold. Your
Secretary of the Treasury. in his state
ment before the Committee On l,ank-
ing and Currency. made the same
assertion, and when you gentlemen,
have the proposition of bimetailism be-
fore YOU You DO not stand for Jour
platform. but balk.
-NoW what is this resolution? 1t is
simply a declaration that the bonds of
the country shall be paid in both gold
and silver This is the law on the
statute books today. and ii WAS the Law
when this resolution originally passed
the Senate so one denies the fact
that the silver dollar is not q fun legal
tender and yet you viii declare by
your votes today that every silver dol
lar alresrdy coined is not fiji to pay the
public debt. and that the coinage which
shall be made under the Sherman act
shall not be paid to the bond holder.
Notwithstanding the law, YOU declare
that ali the creditors of the Govern
ment except tn ebundholders must re
ceive this silver money: but the bond
holder is excepted, eleVating him as a
higher class in the community. not
withstanding it may be against the in
terest Of TIE taxpayers.
Now where are you to get the gold
with which TO pay these bonds? There
Is not one dollar OF taxes in this coun-
Try payable in gold. and the only way
TO get gold is to sell more bonds and
IL ii is only possible TO pay one bond
by making another. when Will we ever
get ont of debt? This is where You
are leading us to-.
We have $450, zoo 000 of standard sill
Yer today recognized as money until
recently by the executive branch of
our Government. Are you ready TO
strike this money down by voting
against this resolution? Mr.. Speaker.
/ remember in the Fifty-Ihird Con-
gress. when this same question prac-
tically was up for consideration, when
the Administratio of Nj. Cleveland
had asked Congress To pass a bill au-
JhoriZing the negotiation OF a loan to
be raid in gold, some OF the diStin-
guished gentlemen now opposing this
resolution went on record that we
should not insert the word gold into
ment could have been paid S16. 000. 000
but now they are willing to declare
that all the bonds-of the country must
be paid in gold" prolonged applause
by Democrats1
Mr.. Swanson. of Virginia said the
resolution provided that the bonds of
the Government shall be paid in either !
gold or silver. He referred to the fact |
that the Governments indebtedness |
was paid in currency until after the |
war. when the Republicans brought /
about the payment of bonds in gold. 1
He declared the present fight was one /
between the bondholders and the tax
payers. That ii seemed strange that
3 henever a large issue of bonds is 4
made that the bondhelder comes to 4
congress and demands that they shall 4
1e paid in gold. He said that if the /
ponds are TO be made payable in gold I
hey should have gold written on their |
ace. If that had been written there
when during the war bonds were is
sued. the country would ON honor be /
pound to pay them in gold but that
vas not done. He added that there
s not a silver dollar today in the
'ountry that is not on a par with the
sold dollar. He closed by saving that
i want to serve notice on the bond
holders that we propose to. and we
viii. pay these bonds in gold or silver
1t our option
Mr.. Payne. of New York, made a
ypical Wall street speech. Distressing
rom the brokers Interests only long
nough TO tWit the Democrats with the
act that Grover Cleveland placed S16.-
10000 unnecessarily in the hands of
he bondholders. and uniustly de-
ouneed thu Democratic party as be-
ng responsible for this action of AIR.
leveland
ar. Clayton. of Alabama, said the |
otes in the House and Senate on ques-
IONS affecting silver show that the
eople have reVolted against the an
agonism to the free and unlimited
pinage of silver at a ratio of 1s to l.
le declared that the action of the Re
ublicans was decided upon by their
'asters the other night in New York
hen a dinner was served that cost SIS
plate
One hundred dollars. corrected a
lember
one hundred dollars? Ny God,
fifteen dollars is enough. Any man
ho eats SIS worth at one meal eats a
ale OF cotton; if he eats S1oo he eats
'ur mules. exclaimed Mr.. CLAYTON. !
nntinuing, he remarked: !
The law of evolution is applicable (
poiitlcaI parties The Republicans 4 I
one time were the friends of silver. {
IL now they have retrograded To be I
e bowling advocates of the gold !
andard. and want to say to YOU thai +
nave al last found the missing link +
'hticaii&. at least 1t is a Repub- +
an who now believes iR The free coin !
e of silver = :
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