The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-01-12

out for us-a course of wrong and treach-
cry to friends-and hope to stand well
before the nations Of the world"
stewart Then Talks Free silver.
Pettigrew was cut OFF by the expira-
ton of the morning hour. The currency
bill was then taken up and Stewart adj
dressed the senate. opening with an at
tack on the Republican party for bring
ing in a measure $50 utterly contradic-
tory of the st. Louis platform" He then
entered upon a general discussion of the
financial condition of the world, and at
tackled the advocates Of the gold stand
ard for denying that either the supply
or demand for gold has any effect in esti-
mating the quantity of any particular
commodity which given amount OF gold
will buy. Referring to the reply of Sec
rotary Gage to the senate he said:
"The secretary of the treasury is not
so absolutely ignorant of money science
as his contention that the value of gold
never changes would seem to Indicate.
In his reply to the resolution of the two
houses of congress respecting his trans
actions with certain New York banks, he
gives as reason for dcpositing the
money OF the government in national
banks that II is necessary to do so to
avoid contracting characterization, and that
to keep II In the treasury would disturb
the business of the country. 1t seems
a httle strange that the secretary can
understand that locking up money in the
treasury vaults disturbs business and
at the same time thinks 1t is necessary
to use only the commodity gold upon
which to stamp money. although every
foreign financial trouble takes gold out
of the country and deposits 1T in foreign
vaults. In his lecture on gold the sec
9,.t~ In Ina.
while. in administering the treasury. he
regards the volume of money in circu-
lation as of paramount Importance, and
deposits the surplus of the treasury In
banks to keep 1t in use and prevent con-
traction.
at is passing strange that business
men shape their transactions over the
probable supply OF money, but when they
discuss the money question they follow
the 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 circua-
ton Is IL not singular that people can
not see the absurdity OF the intrinsic
value theory, while In every kind of BUSH
ness. industrial as we'll as speculative,
they act on the cumulative 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 Har-
risons and maintain that all they want
is intrinsic values in the money In cir
culation, no matter whether the volume
is large or SMALL
In this connection Stewart said: 1.-THE
passage of this bill. whatever may have
been the intention of its authors, will
bring this question squarely before the
American people. If the bill should be-
come law there will be no lodging the
issue. 1t must be met, and that issue
will be between a government, by colos-
sal and imperial concentration of capital
welding the sovereign power of the Unit
ed 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"
AIdrich Wants Prompt Action.
Aldrich. in charge of the financial bill,
asked to have some arrangement made
regarding that measure. Jones of Arkan-
sas replied that no Democrat was ready
to speak on the bill. but he assured AID
rich there was no disposition to delay 1t
unduly.
Aldrich said the bill had been before
the senate for three weeks-an ample
time in which to prepare for it's discus
that the bill be disposed Of as soon as
possible.
Teller asked IL there were to be no
speeches in support of the measure. To
this Aidrich said he was unable to reply.
Republicans, he thought, were prepared
to vote upon 1t.
Teller regarded 1t as remarkable that a
measure of such Importance should go to
vote without discussion from all sides.
At the request of Aldrich the financial
measure was postponed until o'clock
Monday next.
The senate then agreed that when 1t
adjourn today it be until Monday.
Census Bill Dismissed.
Consideration of the census measure
comforting additional authority upon the
director of the census was then begun,
Hoar withdrawing an amendment he had
offered. Pettigrew offered an amendment
directing the director Of the census to
collect statistics in regard to the distri-
button of OF wealth. in regard to the ex-
tent to which machinery had displayed
manual labor and in regard to private and
corporation indebtedness. The amendment
was defeated.
Allen of Nebraska proposed an amend
tistics relating to trusts, and that, too,
was defeated by a vive voce vote.
Allen demanded the yeas and nays, and
wanted to know of Carter if he proposed
to deny this information to the people.
Carter replied that the amendment was
simply a proposition that $3-a-day enum-
orator or q $500 clerk should determine
what institutions In an official document
are criminal.
He held that these institutions were en-
titled to their day in court. "If these
institutions are trusts" he said. IF they
are violations of law, they are entitled to
be heard before the laws or the country
shall be applied to them
Allen declared that the effort to pre-
vent the gathering of information re-
garding trusts was scheme to side
track him.