The Providence news. (Providence [R.I.]) 1891-1906, 1900-01-04

Washington. Jan. t.-At the opening
Of today's session OF the senate MIR.
Beveridge Gnd) presented the follow
Ing resolutions:
THAT the Philippine islands are ter
ritory belonging to the United States:
that it is the intention OF the United
States to retain them, as such: to es-
tablish and maintain such government
al control throughout the archipelago
that the situation may demand"
Mr.. Beverdge asked that the resolu-
tion lie upon the table until next Tues
: day. when he will speak upon it.
A resolution was presented by Mr..
Pettigrew calling upon the secretary
OF the navy for the report OF Admiral
Dewey of April 49, 1898. in which the
admiral said he could take Manila at
any time. He asked immediate consid-
Grafton, but Mr.. Spooner objected and
the resolution went over.
Mr.. Aliens resolution calling for cor
respondence between the treasury de-
partment and the National City bank
and the Hanover National bank of New
York was agreed TO with notifications.
The consideration of Mr.. Pettigrew's
resolution concerning the advances re-
ported to have been made by Aguinaldo
through Gen. Torres TO Gen. Otis after
the beginning OF hostilities in the Phil
ippines was postponed until Monday.
After some further business Senator
Aldrich called up the financial bill,
which he proceeded to explain.
SENATOR ALDRICH'S SPEECH.
In beginning his speech Mr.. AL
drich said: MIR. President: / propose
TO submit at this time a brief explana-
tion of substitute offered To House
bill No. /, and TO state some OF the
reasons which led majority OF the
committee on finance to recommend
its adoption by the senate.
THE general purpose Of the bill is TO
declare anew that gold is the none
tary standard OF the United States TO
establish confidence in the intention
and ability of our government 10 give
the greatest possible measure OF stabil-
ity in value TO it's currency and 20 pro-
vide the means for securing for II at
all times an equal purchasing power
with gold. TO tighten in every possible
way the burdens imposed upon the tax
payer by existing public obligations.
and 10 strengthen the public credit.
The section contains a clear and def
mite declaration that the gold dollar is
and shall continue 10 be the standard
unit OF value: new and more emphat-
ic pledge on the part OF the United
States that all forms Of money II may
issue or coin shall be at all times main
tained at an equality with the gold
adopted as the standard and special
provision that United States notes and
treasury notes shall upon presentation
at the treasury be redeemed In stand
ard gold coin.
NO DEPARTURE INTENDED.
These several declarations embody
I'm new and more positive terms the
law and practice in this respect as I'm
terpreted and carried out In the admin
lstration OF the treasury department
since the resumption OF specie pay
ments. No departure r. intended by
this bill from the public policy which
was adopted years ago and has been
consistently adhered To- through sue
cessive administrations.
THE bill now before the senate con-
tains no disavowsl OF the position here
tofore taken upon the question of in
ternational bi-metaliism and places no
obstacles I'm the wav of its accomplish
ment In the future. III Il is possible ~
secure permanenee Of value TO gold and