The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-02-14
Financial BILL DEBATE.
ALkasoN AND JONES OF NEVADA
MAKE SPEECHES IN SENATE.
Arguing From Different standpoints,
Each Holds the Attention of the
Upper Chamker-Tbe Ten-Minute
Rule Now in Effect in the senate.

Rule Now in Eject In the senate
WASHINGTON. FEB l9.--The financial
debate in the senate reached It's Climax
today Two great speeches. one 10 favor
Of the pending senate substitute Measure
and the other in opposition 10 II. were de-
Iyered and both were listened 70 Dy sen
ators with close attention. The hrst was
delivered By Allison Of Iowa. the ranking
member Of the finance committee. ne ha1
been an attentive listener 70 the speeches.
delivered on the other side OF the cham
Der, ara in the course Of his arguments ne
presented HIS answers to the points raised
against the pending senate bill. Jones OF
E,yada declared that the bill was vicious
and unwarranted, comforting too great
power upon national banks and fastening
The country 70 a gold standard. Tomorrow
the senate will begin the consideration OF
tbs bill and amendments. under The ton
minute rule.
Senator Allison Speaks.
.Tynder the bill" said Allison, 'the
greenbarks cannot be retired ] want 10
say that the retirement OF the green,
banks or any part Of our money should
never be attempted without the most
careful scrutiny and the wisest consider
alton OF this legislation providing for it
In response TO another question by Mr..
Lindsay, Allison said the greenbaeks, UNI
practically would be a gold certificate,
and he added: ut IS so now"
Governments Faith Pledged.
Allison said the bin did not provide for
the exchange of silver notes for gold, be-
cause the committee did not deem II nee
essary. The faith Of the government had
been pledged to maintain them at par
ity. and that pledge had not been broken.
We would never dsgrace and degrade
t.v oil
discount.
TitIman Asks Questions.
rs the silver dollar a dollar, or is y 2
promise to pay gold doilarF asked iip-
I'll Il n dollar, replied Allison
"Ths senator and ! agree about that But
how will a silver dollar be kept ~ par
with gold unless you redeem = " gold
How do YOU know the sun VIII shine to-
"One OF the reasons IL because Il Hhone
Yesterday. We will keep silver at par be-
cause we have 80 kept II for twenty.two
years But in addition, we will strengthen
the situation. France and Germany keep
a treat mass OF silver I'm circulation, bug y
is not redeomable in gold. The United
Statse is the only country that redeems
fractional silver"
Provision for Small Bills.
Tho provisions for the issue Of silver GER
tincates of $40 and under. he s,id, had been
placed In the bill owing 10 the popular de-
..ca tar .,,,all htils
x,,an ~ Nehyasxa internosed TO say his
ahs.rt,,,r ~ the hill, was that the whole
power to issue money would be turned over
10 tho national banks.
Refunding Features.
ainson raau .naa u,'s .,.' a,' ~ ~
uonar 81 W. , a. -. ~, .af,,,o,
.n'uA'''u' ~, ,, =, 80. -
,,h 49,. y. 49,. a. t.,,,,s Az q,
pitious time 70 Ieueem we poi.us us'e i ~
i'os' i"' anu ip' nv .uIi".ns -.
proceed sranuay, ~ vsuer 'n'. '.tO'
mlght bs no lr't'l III ~ ~ en" i'o"ls -. -
we could save sA1,WVVN te' a,,,'H ~, ~ ~,
fohaihs we eoha- noN' ". -" -.
charged WIN HaVotihs ha''onh "aH '''',
when We eomp"usa tnenn 70 uepos,' : pei
cent bohds hht"si " VI ~ Ns'a'
Al the conclusion OF AiiS"hs speesn
Jones or Nevada coh'ihu"n the penate IA
speech strongly antas"h's''c 10 'ue pro"
visions or the pehoins Duh
Senator Jones of Nevada.
,-rhis measure" said he rs the climax
NJ enorts that have been made since 1863
10 aboItsh the use OF silver II Is certain
that there viii be additional legislation
presented at some subsequent date TO re-
tire the Ssts.@o.Mo or greenhacks. The
gold standard advocates know that II
would not do TO ATTEMPT TO carry through
all OF their rlart at once That would be
a shock Co the American people There
will ne nlso an effort ~ the near future TO
retire the treasury notes.
..rbts ,Stu AFFORD the national banks an
,,nsrtunity 10 Regulate the volume Of
money save onf,. on gold and silver coin
thus an aggregation Of private banking
cornoYatipps viii exercise the sovereign
tunc.,"n ., '''' a., 49, ,''',,