The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-12

strange that the secretary can understand
that the locking up OF money in the treas
ury vaults dsturhs business, aud at the
same time thinks Il necessary only TO use
the commodity gold upon which 10 stamp
money. although every foreign financial
ttouble takes gold out OF the country and
deposits It in foreign vaults. On his lee
lures on gold the secretary claims that II
possesses intrinsic value, while, In admin
lsterlng the treasury. he regards the vol
ume OF money in circulation as OF para
mount importance and deposits the surplus
OF the treasury in banks 10 keep IN II use
and prevent contraction.
at is passing strange that business men
shape their transactions In view OF 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 tho volume In circulation. Is II
not singular that people can not see the
ahsurdity OF the intrinsic value theory,
while In every kind Of business, industrial
as we'll as speculative, they act on the
quaintitlve theory OF money! In their
business they have in view the supply OF
money, but many OF them In their argu-
ments follow the teachings OF the Cleve-
lands and the Harrisons and maintain that
all they want Is intrinsic value In the
money in circulation. 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, VIII
bring this question suuarsly before tho
American people. II this bill should be-
come law there viii be- no lodging the
issue, II must be mot and that ISSUE Will
be between government by colossal
and imperial concentration OF capital
WELDING the sovereign power Of the United
States to create. contract and expand thu
volume Of money and an honest measure
OF value consisting NJ the legal tender
value OF the money of the United states
Nv. Aldrich, In charge OF the financial
hill asked 10 have some arrangement re-
that measure,
Mr. Jones (Ark) replied that no DOM
ocrat was ready to speak on the bill. but
he assured MIR. Aldrich there was no dis
position 20 delay it unduly.
MIR Aldrioh said the bill had been he-
fore the senate for three weeks--an ample
time in which TO prepare for its discus-
sion Therefore he had right to insist
that the hill should be disposed of as soou
as possible.
TO be no speeches In support OF tho meas
urc
To this MIR. Aldrieh said he was UNI
able 10 reply. Republicans. he thought
were prepared 10 vote upon t.
MIR Teller regarded I, as remarkable
that q measure OF such Importance should
20 to a vote without discussion from all
sides
AZ tho request OF Mr. Aldrlch the nuan :
clai measure was postponed until ? r. nj.
Monday nert
Tho xcnntn to,r .r..ad ,ha. -, 4. -
journcd today & would be until Monday.
Consideration n the census messures.
comforting additional authority ,non tho
director OF the census. was then begun.
Mr. Pettigrow offered an amendment a.
rectlng the director Of the census n ool :
icct statistics In regard to tho distrihu
ton OF wealth In regard 20 the extent IA
winch machinery has displaced manual Ia
nor and In regard to the private and cor
poration indebtedness, The amendment
was defeated
Mr.. Alien fNebl proposed nm amen,
ment providing for tho collection of staff.
ties relating to trusts and that. too. war
deteated by viva yoce vote.
MT Allen demanded the yeas and MO-.
and wanted TO know OF Mr.. Carter n M
proposed TO deny this information to tbs
people Mr. Allen declared that ma 80,
Tort to prevent thc gathering OF informa :
ION REGARDING trusts WAS scheme m
siu''rack him There is some hidden
poWer' " seems he said, "in congress
respecting this matter"
share and amusing coIIoon, TOO, 49,.
between Mr. Allen and Mr. Tillnar re '' - !,
me latter cyitlcised the amendmen,
Mr' Alien charged that Mr.. Tnlman h,e
gone over 10 the side Of the trus,a
In ernphatically denying tbis Mr mn,
| man ilkened Mr.. Allen to a dos Il,