New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-16

n the Senate for years on measure OF similar
import The only Republican who took sides
with the DemoCratic-Popu Populist-SIver1te orposi-
ton was Mr- Chandler. OF New-Hampshi-e
Nessrs- Cafery, OF louisiana and Lindsay. OF
Kentucky. gold standard Democrats. voted with
the Republicans.
The bill goes 70 conference. where the
Senate scheme OF refundfng and the House
Treasury Redemption Bureau provisions VIII
struggle for survival Perhaps no serious dis
appointment would be felt If each were ma
terially modified in conference committee
PROVISIONS OF THE BILL
The bill as passed contains ten sections. and
its provisions are in brief. as follows
The dollar Of - $40 grains OF gold. nine
lenLns me snaI be the standard unit OF value.
and all forms OF United States money shall be
maintained at a parity with II: and Treasury
notes ana Sreenoacks shall be redeemable IN
gold
The Secretary OF the Treasury is 70 set apart
a fund OF $l50.OU0,O00 IN gold for the redsup-
ton Of these notes. and 10 maintain this fund
et a figure not below S100000OOO he is en-
powered 10 sell bonds OF the United States
bearing interest not exceeding 3 per cent.
II shall also be the duty OF the Secretary OF
the Treasury, as fast as standard silver dollars
ury notes and 70 issue silver certificates AGAINST
the silver so coined Under certain provisions
gold certificates shall be issued against the gold
1eld IN the treasury No United States notes or
Treasury notes shall be issued in Denominations
or less tlal SO. and SiSyer certificates IN
nominations OF more than SO
The Secretary OF the Treasury is also author
lzed 70 refund the bonded debt OF the United
States in thirty year bonds bearing per cent
interest the principal and interest OF these bonds
% oe PAD IN gold The per cent bonds shall
be issued az not less than par
Any National bank by depositfnz with N.
United States bonds OF this country shah be
permitted 70 issue circulating notes 10 the face
lowed 10 issue circulating notes in excess ~ ~.
amount or the paid in capital stock OF the bank
By vote before adjournment the Senate re-
fused 70 take up the Quay case. preferrfug %
give its attention next 70 legislation renedytns
conditions in Hawaii
THE PROCEEDINGS IN DETAIL.
When the bill was laid before the Senate to-cav
the pending question was the following amend
nent offered by the Finance COMMITTEES:
That the provisions OF this act are not inteudsa
plishment OF International 6i-netaIIfsrn provtis-J
isj fe sane o secured oy concurrent action Of the
1-ls 13 S9IrlerCla4 nations OF the world and AZ
value between gold and silver
Nr. Hoar briefly reviewed the financial r-,..-,.-
declaring that the double standard OF gold and ST.
yer had not only been accepted by The -eo7rz ~.
had been embodied in the Constitution Itself In r.
aIIlrInlng the double standard Congress onlv rsz>
nrned what the people had held for q csn1urv E,-
When oy the action OF other nations this counrr-
was forced 70 accept a single standard II -.
FORCED 70 accept the most valuable metal We
should get the double standard when the oupo--
runtty came There was therefore 10 prsrsuc. A.
hypocrisy in the pending amendment
Mr. Morgan denounced the pending sr,a,--,s--
as miserable makeshifr, which IS intended 70
cover the lacerat0ns OF z wounded Conscience
He declared that the bill would return rhe counr-r
10 the British system OF finance. attacked the Ma
uonaI banks and demanded The free coinage OF
silver IN order that the National debt might Be
paid Lnder this bill he said. the National banks
"or-d aosoiutely control the coUntry's finances
Nj Platt. OF Connecticut. said he wanted 70 PRO
lest against lne assumption OF the Democratic side
that II represented the American people That
question had been tried and decided against the
Democracy in 1893 He was obliged he said 10
Ar CochreA FOR prociaining the leading doctrine
and the leading representative OF the Democracy
in this years campaign. Whatever nav b. sas5
about imperialism or about the roiIing nassss."
said Mr. Platt, 'ft viii be the same issue ovs-
again IN the campaign of this year-and that ts
whether We shall have a silver standard IN .rha
United States Referring TO M CocEreITs go
Dent that the United States could maintain tha
silver OF the world q parity with gold Mr. Pfar-
said We have heard something about alchemy
in this debate, and al know OF the perform
ances OF the worlds magcians but IL has remained
for the wizard OF Missouri (AIr CockreID To vrava
his magic wand or his magic head and double the
price OF the silver OF the world G-aughrerl
Replying TO Mr. PLATE. Mr. Teller said the silver
people were willing TO make this campaign on IN,
silver question. and II the American Ueorla d.
elared for gold standard he would be ready "a
accept the verdict
Mr- Cockreu replied Nr. Plat maintaining
that legislation alone with the power OF this Gov
eminent behind il was sufficient 10 restore the
commercial and monetary parity or gold and silver
Mr.. Aldrich inquired whether the law known as
the crime OF 80 would have depreciated silver II
the countries OF the Latin Union were receiving
silver their -uiuts and coming IL free
Nr. Cock-eu replied II would not
That settles il. then" said AIr. AIdrich. II
what YOU now admit is trUe. bow do you expect
legislation OF one country 20 appreciars silvsrr
The crtms OF % was not then a crime
1T a crimet' shouted M Cockren "A
crime against man. against God against humanity
and against Christianity
Mr. TELLER OFFERS SUBSTITUTE
AS vote was about TO De taken on the commit
tee amendment Mr. Teller offered the following
substitute
The people OF the United states are In favor or
btrceCallisrn and desrous OE International agree
ment with the great eoparnerctal nations of the
world that VIII admir OF the use OF both gold and
silver az such al established ratio VIII maintain
the parity between gold and silver coins. and ths
Efforts OF the Government are hereby pledged 70
endeavOr secure such an lnIernGllonal 4sreo-
a. suAedily possible