Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-02-14
GREAT SPEECHES
IN THE SENATE.
Continued from Page I.
AMUSING coLLoouY.

AMUSING COLLOQUY.
Mr. Allison became involved in an
amusing colloquy with Mr.. TilIman. of
South Carolina.
Inc South Carolina Senator INQUIRED
IL MT. Allison had not supported Pres
ident Cleveland'S efforts to secure the
repeal Of the Sherman law of 1893.
Mr. Allison said he had assisted Mr..
cleveland to that extent, but he had
Iaken occasion also to criticise the
Democratic party for its attitude ON
the money question since.
wei, 1 merely interposed my re-
MARKS" said Mr.. Tillman. ''in order to
get the Senator to absolve the Demo-
cratic party from all responsibility for
Grover Cleveland. He never was a
Democrat"
Il will ahsolve the Democratic party
from responsibility for Mr.. Cleveland
replied Mr.. Allen, suavely. .and at Tho
same time ] will absolvc Mr.. Cleveland
from responsibility for the Democra tic
party I know that he does not care
10 accept such responsibility"
daughter.)
THE GOLD RESERVE.
Mr.. Lindsay, of Kentucky, inquired
whether. in case there should be n
deficit. the gold obtained from the sale
OF bonds under the bill could be used
10 pay current expenses of the govern
ment.
Under the provisions of the Senate
substitute. TO which am directing nv
remarks" replied MIR. Allison, these
ponds for obtaining gold can only be
SoId when the reserve falls below $40. :
ooo'oO0; and l want here and now to
express my firm conviction and belief
mat 1t Will. in the circumstances and
under the provisions of this measure
a,.xy A.x .,.z1I
that purpose"
FATE OF GREENBACKs.
But. under the provisions of this
Dill" persisted Mr. Lindsay. twill NOT
the ultimate result be the retirement of
the greenhacks?"
Under this BILL" replied Mr.. Allison
the greenbacks cannot be retired"
He said that if S34600 900 of green
Dacks were to be retired, an equal
amount of some other currency ought
TO be provided to take their place. so
that timid people would not be fright
ened by the ghost of currency contrac-
ton.
Mr.. Allison said that the bill did not
provide for the exchange of silver notes
Tor gold, because the committee did
not deem it necessary. The faith of
the government had been pledged to
maintain them at parity and that
pledge had not been broken 1t was
one thing to maintain them at parity
and another to make them exchangea-
Bile. They had not been degraded as
the Senator from South Carolina affirm
ed. We would never disgrace and de-
grade ourselves by allowing them to go
to discount.
ANOTHER TILT.
''How will n silver dollar" asked Mr..
Tllln1ln 'DR Epnf a ,,,itl IL,
unless you will redeem it in gold?"
Because" replied Mr.. Allison. eve
have so kept it for twenty-five years.
But. in addition. we will strengthen the
situation. The United States is the only
country that redeems fractional silver
suppose, next summer. a Democrat
ic President were elected?" interrupted
Mr. Tillman. Il know you think that
impossible, but miracles have happen
ed Suppose n Democratic President
should take it into his head to discrim-
mate against gold. how could silver dol
lars be maintained at parity, If they
are not redeemable in gold?"
You must catch your hare before
you can eat him." replied Mr.. Allison
amid laughter.
This scheme of finance then rests
uron the continued supremacy of the
party in power?"
Not at ALL" replied Mr.. Allison. II
ttiIi VI SilNct not OIL
the probability of the election of n
Democratic President"
Discussing the refunding provisions.
Mr.. Allison said the funding should NOT
be postponed until there is an unfa-
forable money market, and that s22,-
100000 per annum could be saved by
funding the bonds now.
ENMITY TO SILVER.
Mr.. Jones (Nevada) strongly antag-
onized the provisions of the pending
bill.
This measure" said he. lis the cli
max Of efforts that have been made
since 1869 to abolish the use OF silver.
1t Is certain that there Will be addition
al legislation presented at some sub
sequent date to retire the s346. 900. 900
of greenbacks. The gold standard adj
vocates know that it would not do to
attempt to carry. through all OF their