The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-02-08
FINANCIAL BILL OPPOSED.
SENATORS TURNER. nate AND ALLEN
q AGAINST IT.

turner Says the Democracy VIII Renew
IN. Fight on the sam. Line and Under
tho same Leadership ns In 1893 Mr.
Allen Declares That ~. Il stiil for 10 10 !.
W,suiSGroy. Feb THE Financial bill was
again taken up In the Senate to-day and Mr..
Turner Dem. wash spoke against IT, He
ebarpad Republicans with inildelity to their
former professions Of faith In favor OF the
double standard. and predicted that. with all
other liars. they would have their place In the
lake Of fire and birthstone. He praised the
Chicago platform. and said that the Chicago
Convention chose q leader who was himself an
Inspiration and a platform, Ho spoke OF his
party as the noble. inspired and God-like
Democracy" and said that the hight would be
renewed 'on the same line and under tho same
leadership"
Mr.. Bate Dem. Tenn argued against the
Financial bill as legislation In favor OF the
national banks and not In the interest OF the
people. The national banks, he declared. were
at the bottom Of the bill. He quoted from q
speech made by Mr.. Mckinley in Toledo in
1901. criticIsIng President Cleveland for his
gold policy aud charging him with dishonoring
silver. And what" MIR. Bate exclaimed. is
President Mckinley doing nowp Every effort
OF his Administration Ia to that end; and you
will see. when this bill Is presented to him.
whether he will approve it or not"
Mr.. Bate declared him self in favor OF State
banks and OF repeating the 10 per cent. tax on
their issue OF notes. He believed in local
self-government; and national banks were not
local self-government.
Mr.. Allen Pop. Neb.) said IL was difficult for
him to find in the bill anything that COM
mended itself to his judgment. The money
question was the most important question be-
fore the American people to-day. and would
continue its Importance until II was solved on
sound. honest and scientific basis. He de;
clared himself an adherent Of silver and gold
at the ratio OF Nto |. aud said that, II any one
had receded from that doctrine he hal not, He
referred to Mr.. Aldrich as having admitted, in
could affect prices, and he asked that Senator
II he still admitted that.
II IF; w a!"E'Tr' =, saii 4 SIR Mr, '? AIisn. I the Senator
has spoken loud enough to he heard
NJ newSr sspyTIr rs Hs any G Ia%,r Gbp,5nion here
1T was argued on the Republican side in
1893" Mr.. Allen continued, that there was no
power in legislation to affect or create value
That is another thing Mr.. spooner inter-
Mi. AIlen-No. | beg your pardon.
Mr. Spooner The power to destroy does not
involve the rover to create. A potato bug
may destroy a potato, but 1t cannot create
one. Laughter
Mr. Alltl lIltlIlly pltUlltli Sulu III. uNu ipl
like to be made the butt OF a jest OF that kind.
And then he went on with his argument
against the bill. the principal point Of II being
that the bill came within the constitutional
Inhibition OF Impairment 81 contracts. every
obligation now payable in coin being re-
quired. under II. to lie paid in gold. What was
that. he demanded. but spoliation and conti--
cation. Its proper designation. therefore,,
would he "a bill TO couilscate the property OF
the people." His solemn conviction was that
It was the purpose of the trainers Of the bill TO
perpetuate the national debt for the benefit Of
the hanks and wealthy classes, and all because
the Republican party was the debtor OF that
class of people for political favors. past and
present.
Who" he demanded. has asked for the
passage Of this bill? | defy any Senator to
point out one petition that has been presented
for it by the people. a. distinguished from the
plutocrats, hy the plain, common people aS dis
tinRui-hed from the arlstOcracy OF wealth. No
farmers organization has asked for It,. The
people arr silent about 1t because they know
nothing about it. But they will have an eS-
periance of il within the next year or two
Continuing. Mr.. Allen asserted that the pur-
pose Of the bill was to retire silver dollars.
greenbacks and Treasury notes, 10 the amount
OF about a thousand million dollars. in order
TO let bank currency take their place.
Mr.. A~ldrich-This bill does not change the
status OF either. and does not give To the
banks or to bank currency any rights or priv
ilege- over what they have at this moment.
Without finishing his speech, Mr. Allen
yielded the floor. and the Senate adjourned
until tomorrow.