The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-14
CLIMAX IN THE DEBATE.
Allison and Jones (Nevada) Made Speeches
on The Currency Bill.
IOWA MAN SPOKE FOR ADMINISTRATION
The Nevada Senator Said the Bill Is
vicious and unwarra nted-Op-
posed the Gold Standard.

max today TWO great speeches. one ~
favor Of the pending senate substitute
measure and the other In opposition TO IT,
were delivered. and both were listened "
by senator's with close attention. Inc
frst was devilered by Mr. Allison Qowa),
the ranking ISember of the finance com
mttee. He hsd been an attentive listen
er to the speeches delivered on the otner
side OF the chamber. and in the course oil
his argument he presented his answers
to the points raised against the pendias
senate bill Mr. Jones (Nev) declared
that the bill was vicious and unwarrant
ed. comforting too great power upon Ma
tional banks and fastening the country
to a gold currency. He discussed the
question from a historical and philosopn-
ical view point. Tomorrow the senate
Will begin the consideration of the bill
and amendment under the ten minute
rule.
MIR. Allison (Iowa), the ranking repub-
lican member Of the finance committee
was understood TO represent the aCitude
of the republicans ana he was accdrdeu
unusual attention. Mr.. Allison referred
to the senate substitute for the house
bill and SAID the senate committee haa
regarded 1t wiser 10 deal with the pending
question in accordance with the provisions
| OF the senate measure than with the
house bill. MIR. Allison said he had never
I supposed there was any DOUBT in tne mnd
OF anybody that this country was on
| gold stan,e d.
Mr.. Teiler inquired If in 1873 the gold
dollar was made the standard of value.
! Mr. Allison replied that the dollar was
| A. ~. tho
| Mr.. Teller-Theu / will ask the senator
! i we were on silver standard from
/ 1882 to 1882
I'VE were not" enphatically replied Mr..
| Allison. The standard of value was not
! proclaimed in the act of 1872. That act
I provided that the two metals silver aud
| gold, should hold relative value OF -
| ounces OF silver to one ounce or gold
! We therefore had a double standard Of
value" He said that since the enactment
OF the law of 1873 there had not passed
current a single dollar Of any kind of
United States money that was not on alb.
solute parity with the gold dollar.
Tho present bill makes the greenbacks
absolutely redeemable in gold coin. In no
sense does the bill provide for the elimina-
nation of greenbacks from our currency. I
want TO reterate,' said Mr. Allison, that
there Is not 81 provision in the first sec
IT. lipH VI lue aIUdlt Dlll tuht mas uVJ DeSn
- practice oil the government since
1879"
49,. Lindsay CKy.) inquired whether in
case there should hp deficit, the gold
obtained from the sale Of bonds under the
hin could be used to pay current expenses
of the government
Under tho provisions of the senate bill
to which an directing my rsmarks re-
p'iel Mr.. Allison. "tless bonds Tor OBJ
In frN.r 4 4.
reserve falls below S50,0000O0, And want
to express my firm conviction and belief
that il viii never be necessary under the
: bill 10 sell bonds f3r that purpose"
But" persisted Mr.. Lindsay, will not
the ultimate result be the retirement OF
the greenbacks?"
Under this bill" replied Mr.. Allison.
tho greentacks can not be retired"
Is the silver dollar a doEar or is IT
Mr.. Tllnan
It is dollar" replied Mr.. Allison
The senator ard agree about that"
Put how will silver dollar be kent
at par with gold unless you VII nc locu
1t in gold?"
"How do we know the sun VIII shin.
t5mo9rcw?" replied Mr. Allison. "One o
tae reasons is that it shonc YESTERDAY. We
WIN keep silver at par because we hay,
% tn up II ,or twenty years
,,ssatp s,n ioI tue issue OF siVer GER
s VI CIV ana ueder ne sall. haC
pSeH pl1. ca IA the nlil owing to the pop
u'ar uehahd TOT small bills.
, suppose next summer a democrati,
pres'dsnt were e.ecied," interrupted Mr.
Il.man' Il know you think that mpos
sieis, but miracles have happened sup
pose democratic president should tak
1t t-to his head 10 Discriminate agains
gold, how could silver dollars be man
tainei at a parity If they are not red en-
able in goli?"
You mast catch your hare beeora "a,
can car him RENTED Nv AIiso,
This scheme OF finance the1 oct, mo,
: the continued sunrrn,ncv NJ ~ - aFV
power?" '"' 20 - .
y moi at an, r.c,i,I Ne Ans. e..
n am sne,kior ~ su,,sr cer,ts.'
the nr,b,hii,,, ~ i. '1'"vN'Ss p no.
ocr,ti. -. u '"e ''e-NoH OF aeh
Q NJ ~ ~
ib,s ,ht,i lN'D'' Iute'p9iel TO say tina
=, ~ oOys',syn 10 lhe OH was that IN
u poNe' 20 issue moAey would b
J 49, over 70 tAs Natl'na. TANKS.
~. All!soh replied that under the b
S uoliar OF our currency must IA
. "Uu,a remain ia circulation The tai
/ 'oSiu uoS WaS the dog
WI Alsoh' turning 10 the refundin
tea'ures OF me Dill. said It was a propit0u
y Nlhle 10 redeem Inc bonds due IN 1901