Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-01-04
FINANCE Bill NOW UP
Financial Bill Fixing the Gold
Standard Taken Up in Senate
This Afternoon.
Senator Aldrich Presents the Bill.
and Makes an Elaborate Speech
Thereon.
Denies That Interests of Silver Will
Be Hurt by the Proposed
Law.

| Washington, Jan. Ain the senate
today Beveridge, of Indiana, presented
the following resolution:
That the Philippine islands are ter
rtory belonging to the United States
and that it is the intention of the
| United States to retain them as such
and to establish and maintain such
governmental control throughout the
archipelago as the situation may de-
mand. Beveridge will speak upon ii
next Tuesday.
The committee on foreign relations
reported a form of government for
Hawaii.
a message was received from the
president transmitting the testimony
taken by the commission appointed to
1 investigate the conduct of the war by
the war department.
Aliens resolution asking for informa-
ton as to the treasury's relations with
the National City Bank and Hanover
National Bank was modified and
passed
/ Quarles, Of Virginia. introduced a
house resolution THAT we hereby ex-
] tend to our two sister republics in
South Africa. the Transvaal and Or.
ange Free State, our deepest sympathy
4 in the noble. brave and patriotic strug-
| gle they are making to preserve their
4 governments from destruction by the
i hands of a monarchy.
4 Pettigrew called UP the bill for set
Element of accounts of the national
treasury with the public land of states
under the law granting > per cent of the
prodceeds of sales of public lands to the
states, and extending II TO cover Indian
4 and military reservation lands Petit
4 grew said it involved the payment of
about s12,000,000 by The government
4 Berry declared the measure would in
volve a wasting of public money and
be unfair to states with no reservations.
His motion to make it inapplicable to
81 reservations was carried.
Pettigrew presented asfesolution ask
ling the. .secretarysof the navy for the re-
port of Dewey of April -, 1898, in which
ne said he could take Manila at any
time. 1t went over
Aldrich in charge of the senate hnan-
cial BILL then called up that measure
} and addressed the senate in eXpiana-
tion of It's provisions.
The first section contained a clear
4 and definite declaration that the gold
dollar is. and shall continue TO be the
J standard unit of value; a new and
more emphatic pledge on the part OF
the United States that all forms of
money we may issue or coin shall be at
all times maintained al an equality of
value with the gold coin adopted as
the standard. and a specific provision
. that the United States notes and treas
ury notes shall, upon presentation al
Il the treasury, be redeemed in standard
gold coin.
These declarations embody in new
and more positive terms the law and
practice in this respect as Interpreted
and carried out in the administration
Of the treasury department since the
resumption of specie payments.
.In consideration of this section ! do
not overlook the fact that before this
discussion is over we are sur. TO be
) confronted with the charge by the sem
ators on the other side of the cham
Der that by our re-afIlrmation of this
!, gold standard we have delibera tely
abandoned the position OF the republi-
lean party and country heretofore tax
J an in favor of International bimet-
aliism. The charge is not in accord
ance with the facts.
l The bill now before the senate con
: tains no disavowal of the position
/ heretofore taken upon the question oi
. international bimetallism and places n,
obstacles in the way of its accomplish
: lment in the future. If ii is possible I,
secure permanencc of the relative valu,
] Iof gold To silver coins With free coin
4 Iage of both metals at fixed ratio, thi.
lpermanence can only be secured b.
[ concurrence of all leading commercial
4 nations.
2 Aldrich said the democrats. Will,
2 .nasquerading as friends of bimetallisn
: have for the past four years been en-
i gagged in crusade in behalf Of the sin
y gle standard of silver, in a serious at
. Tempt to place the money and bushes
4 of the country on silver basis.
NO sane man ean be found, outsid
the ranks of the small band of bold
able and aggressive leaders, who a
resent dominate the policy of the dem
oclatic party. who believes for an in
slant that the opening of our mints L
G the free coinage Of silver at the ratio o
$ l6 to will raise the value of silver bull
ion from the current commercial pric
10 its mint price, measured with rela
ton to gold.
v Democratic advocates of free coin
. age are not in any sense bimetallists
but silver monometallists, of the mos
pronounced type.
g The committee does not suggest an
: changes in the status OF the silver dol
lar or silver certificate. We do not pro
pose to take away from silver any O
the monetary privileges or preroga
tives it now enjoys. In fact. we believ
the legislation suggested will great
strengthen its position in our monetar
= system
AIdricfl proceeded to explain the SUD
n seauent sections providing for the coin
: age Of silver dollars. issue of silver Gel
It tifcates to the same amount in treasu
\ ry notes; issue By the secretary Of tn
A treasury of gold certificates for gold de
n posted; prohibiting against the issu
II lSf treasury notes of less denominatio
= than $40. or. silver certificates of highe
s. denomination than $40; authorizing tn
n seSretary of the treasury to CONVEX
certain outstanding bonds into 2 ne