The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-01-12

example OF the Secretary and assert that
the quality of the material used as money
Is the only question OF Importance without
regard to the volume in circulation IL Is
not singular that people cannot see the alb
surdity OF the intrinsic value theory, while
in every kind of business, Industrial as
well as speculative. they act on the quanti-
tatfve theory OF money! In their business
they have in view the supply Of money. but
many Of them in their arguments follow
the teachings of the Clevelands and the
HarrisoEs and maintain that all they want
Is intrinsic value In the money in circula-
ticn. no matter whether the volume is large
or small.
In conclusion. Mr. Stewart said: THE
passage of this bill, whatever may have
been the intention of its authors, will bring
this question squarely before the American
people. If this bill should become law.
there will be no lodging the issue. 1t
must be met. and that issue will be be-
tween a government by colossal and i'm
perial concentration of capital, welding the
sovereign power of the United States, to
create. contract and expand the volume
of money, and an honest measure of value,
consisting of the legal tender money Of
the United States"
Mr.. Aldrich, in charge of the financial
bill. asked to have some arrangement made
regarding that measure.
NO DEMOCRAT READY.
Mr.. Jones. of Arkansas. replied that no
Democrat was ready to speak on the BILL
but he assured Mr.. Aldrich there was no
disposition to delay it unduly.
Mr.. Aldrich said the bill had been before
the Senate for three weeks-an ample time
in which to prepare for it's dicusssion
Therefore he had a right TO insist that
the bill should be disposed of as soon as
possible.
Mr.. Teller asked If there were to be no
speeches in support of the measure. To
this Mr.. Aldrich said he was unable to
reply. Republicans. he thought, were pre-
pared to vote upon IL. Mr.. Teller regarded
IL as remarkable that a measure of such
Importance should go TO vote without
discussion from all sides. At the request
of Mr.. Aldrich, the financial measure was
postponed until o'clock Monday next.
Consideration OF the census measure, con-
ferring additional authority on the director
of the census. was then begun. Mr. Hoar
withdrawing amendment he had offered.
Mr.. Pettigrew offered amendment di-
recting the director of the census to col
lect statistics in regard to the distribution
Of wealth, in regard to the extent TO which
machinery has displaced manual labor and
in regard to private and corporation in
debtedness. The amendment was defeated.
Mr.. Allen proposed an amendment provid-
ing for the collection of statistics relating
TO trusts, and that. too. was defeated by a
viva voce vote.
sharp and amusing colloquy took place
between Mr.. Allen and Mr.. Tillman. The
latter criticised the amendment and Mr..
Allen charged that Mr.. Tillman had gone
over TO the side of the trusts. In en-
phatically denying this. Mr.. Tillman lik-
ened Mr.. Allen TO a dog in Southern
opposum hunt, who followed the trail to a
tree and then reared upon it," The tree
was cut down and no opossum was found.
The hunters went home in disgust, declar-
ing that the dogs had been chasing a
"hant' (specter) That said Mr.. Till
man, lis what my friend from Nebraska
is doing" ILaughter.l
Mr.. Allen replied with some heat. declar-
ing that Mr.. Tillman would find difficulty
in explaining his position to the people of
his State. He said there was a disposition
among senators to say: THE public be
damned" and he had no idea there was
any intention to gather information regard
ing trusts.
The bill was passed without further OBJ
lection.
bill increasing the limit of cost of the
Indianapolis public building to 81, 800 900 was
called up by Mr.. Fairbanks and passed.
The Senate then, at $40 p. m, went into
executive session and soon afterward ad-
journed until Monday.