The age-herald., 1900-02-14
GREAT SPEECHES
 IN THE SENATE Allison and Jones of Nevada on
 Currency Bill CLIMAX IN FINANCIAL DEBATE Jones Decy < the Bill Vicious
 ar 'warranted. SEVER SHARP coLLoQulEs Ths .ator from Nevada Declared l rAs.t the Bill Conferred Too | Much Power on the Ma l tional Banks

Washington, February 13.-The financial | debate in the senate reached it's climax to- day. Two great speeches, one in favor Of | the pending senate substitute measure, and the other in opposition to it were delivered. | and both were listened to by senators with close attention. The first was delivered by MT Allison, of Iowa, the ranking mem-
 Der of the finance committee. He had been an attentive listener to the speeches de- livered on the other side of the chambers and in the course of his argument he pre- sented his answers to the points raised against the pending senate bill. MT Jones' of Nevada, declared that. the bill was vicious and unwarranted, confer- ring too great power upon national banks | and fastening the country to gold cur renew He discussed the question from a | historical and philosophical view Tomor- | row the senate will begin the consideration | of the bill and amendments under the lo- 1 minute rule.
 | bill to authorize the establishment at | some point in North Carolina of station for the investigation of problems connected | with marine fishery interests of the middle | and southern Atlantic coast, was passed. | MT Allison of Iowa, the ranking repuD- l lican member of the finance committee l then addressed the senate on the financial | bill. It was understood that MT Allison l represented the attitude of the repuphcah 1 side of the chamber, and he was accoroeo unusual attention. He said he did not p1o- pose to enter upon general discuss'o" | of the financial questions that had been | n,ore ar loss considered during the past twenty-five years By the pending meas ure it was proposed to deal with the cur rency question in large and general "ay' Mir. Allison referred to the senate supst- | tute of the house bill, and said that the sonata committee had regarded it wiser to deal with the pending question m accoiu- ance with the provisions of the senate ,,aasure than in accordance with the house bill. AiIisons Speech l MT. Allison. asserting that he never had | s,pposed that there was any doupt III the | minds of anybody that this country was oh | a gold standard MT. Teller nquireo Il II, l 1S73 the gold dollar was made the stahoar" 1 of value Mr Allison replied that the dollar was made the unit by the act of 1S7S MT. Teller-Then I will ask the senator ,f a yere on silver standard from 1I92
 to 1873.
 eve were not" replied MT. Allison. "The
 .o,dard of value was not proclaimed in
 the act of 1892 That act provided thai fhe two metals, silver and gold, should holo relative value of 15 ounces of silver to ounce of gold We therefore had double | standard of value.'
 1 He said that since the enactment ot the | law of 1873 there had not passed single | dollar of any kind of United States money | that was not on absolute parity with the gold dollar.
 Makcs Greenbacks Redeemabie ..T,be presept bill makes the greenbaeks .s,.o,,,toa, redeemable in gold coin. In no sense does the bfll provide for the elimina-
 tion of greenFbacks from our currency.
 want to reiterate" said MT. Allison, that
 there is not a provision In the first section
 or fine senate substitute that is not now
 part of the law, that has not been ohe practice of the government since lSIs.
 Mr. Tfllman, of South Carolina, inquired if MT. Allison had not supported President Cleveaands efforts to secure the repeal or
 the Sherman law of 1885
 Mir Allison sadd ee had assisted MT. Cleveland to that end but he had taken oc-
 casdon also to oritcise the democratic par
 tv for its attitude on the money question
 since.
 ..Well, I merely interposed my remarks,
 said MT Timan, fin order to get the sen- ator to aosolve the democratic party from al, responsibility for Grover Cleveland. He never was democrat
 .sI will absolve the democratic party from responsibility for MT. Cleveland,' replied MT Allison suavey, 'and at the same time I will absolve MT. Cleveland from respon- sfbiiity for the democratic party l know
 that he does net care to accept such
 responsibility" Laughter).
 MT Lindsay, of Kentucky, Inquired
 whether, in case there should be a deficit the gold obtained from the sale of bonds under the bill could be used to pay current expenses of the government.
 ''Under the provisions of the senate sub
 statute to which I am directing my re- :. marks" replied Mir Allison, these bonds
 for ,obt aiming gold can be sold only when
 the reserve falls below $5000o.00O, and l want to express my firm conviction ana belief that 1t will never be necessary under
 the bill to sell the bonds for that pur- pose"
 But" persisted MT. Lindsay. Twill not
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