The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-01-29
TELLER RESOLUTION ON TOP.
SENATE PASSES II BY A VOTE eNs
AZ TO 81.

voted to Debate on the Gold and
silver Issue-The Defeat of the Nell
SON Amendment First DiscIoses
The Relative strength of the Two
Factions.
washington. Jan. 2s.-In accordance
with the agreement the Senate convened
at 10 O'Clock to-day.
The chaplain being absent the Vice
President opened the session without the
usual invocation.
BY unanimous consent the routine bush
ness was waived and Mr. Stewart of Me-
vada opened the last days discussion Of
the Teller resolution. In supporting the
resolution Mr.. Stewart maintained that
money. whether it be silver or gold or pa
per, was a creature OF law. the creation
of money being inherent in all indepen-
dent nations. He said his statement had
been upheld by the highest of tribunals.
and cited historical instances of such
creation of money.
After a legal discussion OF the money
question, Mr.. Stewart said, referring to-
the speech OF President Mckinley in New
York last summer, that he regretted to
see that the President had not studied
this question more deeply and he was ut
terly misguided. He quoted the following
sentence from the Presidents speech:
Nothing should ever tempt us-nothing
ever viii tempt us-to scale down the
sacred debt of the nation through legal
technicaIty. Whatever may be the Lam
guage OF the contract the United States
will discharge all of it's obligations in the
currency recognized as the best through
out the civilized world at the time of pay
ment."
Mr. Stewart thought this was a remark
able statement, which meant simply that
nothing but gold was good enough for the
bondholder. Mr. Mckinley. said Mr.. Stew
art, refers TO the option OF the govern
ment TO pay It's obligations in either gold
or silver as a mere technicality, and he
did this, too ia the face of his own vote
In favor of the resolution we are consid-
erlng. Now, the President calls this cp-
tlon OF the government-worth thousands
of millions--a mere tec1nicality.
What language for a President to use.'
exclaimed Mr.. Stewart. I'VE cannot use
this money i'm the treasury unless It Is
recognized by other nations of the world
as the best money The despots OF the
gold syndicates In Europe are 10 name
the kind OF money regardless OF what the
law Of the United States may be-"
Then, referring to Secretary Gage, Mr..
Stewart said he believed the Secretary to
be an honest man. man who would not
rob a bank; but, he said IL was difficult
for Mr. Gage to look at this question ex-
cept from the standpoint of a banker. He
thought IL unfortunate that the President
had placed the treasury department in
charge OF bankers. but he was thankful
the President had thrown off the cloak
and made the issue directly with the peo-
| pie
Mr. Cannon of Utah followed In sup
port OF the resolutions. Tie believed that
the only way in which the parity Of sill
yer and gold as money could be maintains
ed was 10 accord equal privileges to both
metals at the mints. He held that the
only other way to maintain the parity was
| to pile up the nterest-bearing obligations
| upon the people. He firmly denied that
| the advocates OF free coinage were In
| favor Of anything but 100-cent dollar
| He did not believe, however, in the deihed
dollar OF Grover Cleveland, which Is wor-
| shipped by the present administration He
criticized the President for attending ban
| quets OF millionaires In New York and
then declaring in favor of the payment of
the government bonds in gold instead of
| asserting the nations right of declaring
| what money they should be paid in Mr.
| Cannon said, II for no other reason. he
would vote Tor the resolution to serve no.
| tice that he would live up to the CON
| tract entered into with them by the United
! States
Mr.. Jones OF Arkansas began his speech
IN favor of the bill by crticising the state
ment OF Mr.. Allison of Iowa. He Thought
the issue would squarely align those who
! had various financial beliefs. He said that
| the advocates of the resolution proposed
| 20 pay the full pound of flesh due but a b.
solutely not bit more. He read COM
municatlon in financial newspaper to the
effect that there would not be much seri-
Gus opposition to the legislation proposed
| by the money commission from the re-
| calcitrant silver senator's.
/ Mr.. Jones gave notice that the recaIci-
| trant silver senator's would have 10 be
! reckoned with very seriously before such
| legislation as that got through the Sem
ate. Mr.. Jones said he made the broad
statement that no Democrat, silver Re-
| publican or Populist had declared In IA
vor Of paying government obligations in
deprecated money.
why" interrupted Mr.. Aldrch '1he
senator's own colleague (Mr. Berry, said
that II free coinage should not produce
| a rise of silver, he would not be In favor
Of paying our obligations In that metal Z"
But did he not say that free coinage
would produce such resuIt?' asked Mr..
Jones.
"oh, that is mere refinement OF Ian
/ guage," replied Mr. Aldrich.
my colleague" said Mr.. Jones. 'fs
able to take care Of himself and to de-
fine his meaning"
| "Well, l shall take up that matter when
| / speak," said Mr.. Aldrich
Mr. Jones' continuing said the news
papers who were unfriendly to silver
were saying that bimetallsm was dead
II believe" said the Arkansas senator,
"thatthe positive conviction on this ques-
ton Is more firmly fixed than ever. 1t is
destined to restore silver to its basis be-
fore 1905, and we shall then accomplish
that result.
1--WE shall march In solid phalanx, with
| shields locked down to the day of doom
in our efforts for the restoration and the
| Republican cries of dead issue win fall on
| deaf ears"
At the conclusion Of Mr.. Jones' speech
| Mr.. Pettigrew introduced the following
| resolution:
THAT Ii Is contrary TO the interest pol
lev and tradition of the United States 20
acquire any territory so situated as to re-
auire a navy to protect IT,
The resolution went over.
The speech Of the day in opposition to