Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-01-04
Beveridge Introduces a Phil
ippine Resolution.
WORD FROM PRESIDENT
1t Relates to Conduct Of the Late War
A Form OF Government for Hawaii
Aldrich speaks ON tho
Financial Bill

Press. .)-Beveridge of Indiana present
ed the following resolution: "That the
Philippine Islands are territory be-
longing to the United States; that it
is the intention of the United States
to retain them as such, and establish
and maintain such governmental con-
troll throughout the archipelago as the
situation may demand"
( Beveridge will speak when it comes
up Tuesday next.
The committee on foreign relations
reported form of government for
Hawaii. A message, was received from
the president, transmitting the testi-
mony taken by the commission ap-
pointed to investigate the conduct OF
the war by the war department
Aliens resolution asking informa-
ton as to the treasury's relations with
the National City and Hanover National|
banks, was modified and ,assed.
Pettigrew called up the bill for the
settlement of the accounts of the ma
tional treasury with the public land
states under the law granting per
cent of the proceeds of the sales OF
public lands to the states, and extend
ing it to cover the Indian and military
reservation lands. Pettigrew said it
involved the payment of about twelve
millions by the government. Berry
declared the measure would involve
the wasting of public money and be
unfair to the states with no reserya-
tions. His motion to make it inappli-
cable to the reservations, carried. AL
drich, in charge of the senate financial
bill, then called up that measure and
addressed the senate in explanation OF
its provisions.
Aidrlch ON Financial HIIl.
He said:
sThes first. section contains clear
iand definite deelaratiop that the gold
dollar, is and shall continue, TO lie the.
standard unit of value; a new, more
emphatic pledge on the part Of the
United States that all forms of money
it may issue or coin shall be at all
times maintained III an equality of val
ne with the gold coin, of the adopted
standard, and 4 specific provision that
| United States notes and treasury notes
shall, upon presentation al the treas
ury, be redeemed in the standard gold
coin. These declarations embody in a
new and more positive terms the law
and practice in this respect as inter
preted and carried out in the admin
| istration of the treasury department
| since the RESUMPTION of the specie pay
ments. In consideration of this section
do not overlook the fact that before
| this discussion is over we will surely
! be confronted with the charge by the
1 senators on the other side of the cham
| ber that by our reatfirmation Of the
gold standard we deliberately aban-
| doned the position of the republican
party and country heretofore taken in
flavor OF international bimetallism. The
charge is not in accordance With facts.
| The bill now before the senate CON
tains no disavowal of the position
Heretofore taken upon the qnes-
lion of international bimetallism
and places no obstacles in
the way of its accomplishment
| in the future. II it is possible TO Sc
cur, ," permanence and relative value
| to gold and silver coins with the free
! coinage OF both metals at Il fixed ra-
4 ito. this permanence can only be Sc
cured by concurrent action of all the
| leading commercial nations" Adrich
/ said the democrats, while masquerade
! ino as friends 10 bimetallism. have for
| the past four wears been engaged in
| Il crusade in behalf OF the single stan
,lard of silver in the serious attempt TO
1 place money and business in the coun-
trv on 4 silver basis.
NO sane man can be found outside
/ of the ranks of a sma.. band OF bold,
able and aggressive leaders. who at
1 present dominate the policy of the
democratic party, who believes for an
instant that the opening OF our minis
/ 10 the free coinage of silver ut the ra-
ito of 16 to /. will raise the value of
silver bullion from the current com
.rercial price to its mint price, meas
ured with relation to gold. The demo-
| cratic party advocates free coinage.
4 They are not in any sense bimetallsts,
| bur silver monometalEsts of the most
pronounced type.
,'fhe committee does not suggest
anv changes in the status OF the silver
dollar or silver certificate. We do not
propose to rake away from silver any
OF the monetary privileges or preroga-
tives it now enjoys. In fact, we be-
lieve the legislation suggested will
i greatly strengthen its position in our
monetary system"
/ Aldrich proceeded to explain in sub
sequent sections the providing for the
4 coinage of silver dollars; the issue OF
silver certificates to the same amount
in treasury notes; the issue by the
secretary of the treasury OF gold certi-
ficates for gold deposited; prohibiting
the issue of treasury notes OF
less denominations than ten dollars, or
silver certificates of higher denomina-
ton than ten dollars; the authorizing
!. of the secretary of the treasury to
convert certain outstanding bonds into
|, 2 per cents; providing lat the ma
, tional banks may issue currency to the
par value of the bonds deposited and
reducing the tax on national bank