New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-14

the Government had been pledges 20 ,,.,r., .,.-
at parity, and that pledge had not been broken
allowing them to go to a discoun+ ~
is the silver dollar a dollar or 70 q nroro,.. e.
pay gold dollar?" asked Mr. TYIlman
1T oollar' replied Mr. Allison. THE sena-
tor and agree about that"
But how will a silver dollar he La,+ - , -
with gold unless You will redeem II in goldq"
how 40 we Know the sun will shine tomorrow"
replied Mr. Allison. 'One of the reasons is he
par BECAUSE we haTe ~ We win keep silver at
years But IN addition, we viii strengthen the
% o, Th GTfeuiauon but it is not redeemable in
Tedeems fractional Ssate a is the only country that
issue of silver certificates of SO and nnder he said
demand for sman b, Inc bill owing to the popular
SupRoSe next summer Democratic President
you think that impossible but miracles have hap hap
take it his head o PTesident should S
II thew are not 14ars pc maintained at a parity
him gu r LnHsf catch your hare before you can eat
Al, ms scheme Of finance then rests upon the con-
siHteS NSpTShacy of the party in power? per-
Of S STa at all replied Mr.. Allison 81 am speaking
election of Democ not Of the probability of the
the b iIe n 4terp4Sed to say that his objection
over wn0S the 69 f bsDs My
the curre5X mat under the bin every dollar of
lation. The tail could not wag the dog. Al
THE REFUNDING PROVISION.
Mr.. Allison then turned to the refunding features
OF the Dill, and sad 1T a propitious time to
reaeem the bonds due in 1904 1907 and 1905 1t was
wise that the funding should proceed gradually in
order that there might be no friction in the monev
market This was new thing In 1870 we pro
nleGa 5or the refunding of debt. BY this easy
nave s a the toll of the middeman We could
We Could not be CHARGED WITH the Po 9
2G ner Dan banks when we compelled them deposit
PSt cent ponos instead of or per cent. The
dnnaing should not be postponed until there was
In conclusion Mr. MIA 2so a1K Said: There is no con-
G Go4bn no preyarieat9n in this bill contains
maintain that the provisions of this bill viii main
Of Value saw 9oW Sna as IN bad times our STANDARD
truth that the man who fails to come to its sun
Of silver some other reason will fail of he
duty to his constituents and to the country"
A SILVER SENATOR'S VIEWS.
AT the close of Mr.. Allison's speech Mr.. Jones.
OF Nevada continued the debate in a speech strong
ly antagonizing the provisions of the pending hill
This measure" said he is the climax of eff
forts that have been made since 1869 to abolish the
use of silver 1t is certain that will be add-
uonaI legislation presented some subsequent
date to retire the $346. 100000 of greenbacks The
gold standard advocates know that 1t would not do
10 attempt to carry through all of their plans at
people There VIII be Also 9G EFFORT 70 tnH @
f f 10 retire the Treasury notes This will at
the volume of all money save only gold and silver
porations will exercise the sovereign function Of
Issuing money instead Of that function being vested
III The Government one"
MI Jones declared that the measure provided
clearly Tor permanent increase in the bonded debt
OF the country and said it monstrous prop
osiuon that any executive officer of the Govern
ment should have the power 70 bond the American
people.
This bill places in the hands of the National
banks the control OF the bonded debt Of the coun-
Try" said Mr. Jones Wherever the banks see
limit and force issuance of bonds and this proc
go Indefinitely. All this is in the in
terest of II creditor, in the interest Of the bond
holder, and grieVously against the interests Of the
masses Of the people Of this country It is all done
In The name OF honor and Of honest money
Mr.. Jones spoke with bitter sarcasm of the fnan-
cial dependence of the United States He declared
that If 2 cockhght occurred in India it produced
q panic in Wan Street and The var between Cheat
Britain and The Beers was disturbing the finances
of eighty millions II American people He main
tanned that this country should have It's own dis
tinctive money. which would not desert In time
Of trial. In conclusion he advocated the issue OF
q paper currency o. the Government alone. ms
currency should be entirely independent of gold
silver anything else that possessed inherent
value Such money he argued, regulated in
amount in accordance with the popula tion of the
country, would he the best and steadiest money
that had ever been seen in the world