The age-herald., 1900-02-14
WE DO IT RIGHT
 EMPIRE LAUNDRY
1.-THE POT CALLED THE KETTLE BLACK BECAUSE THE HOUSEWIFE DIDN'T USE
 SAPOLIO

Nz4D ~ - 8
 them at parity, and that pledge had not
 been broken. We would never disgrace and degrade ourselves by allowing them to
 go to discount"
 "Is the silver dollar a dollar, or is it a promise to pay a gold dollar?" asked MT. TEiman.
 "It is a dollar" replied MT. Allison. ''The senator and I agree about that
 "But how will a silver dollar make a parity with gold unless you redeem 1t in gold?'
 .tHow do we know the sun will shine tomorrow" replied MT. Allison. "One of the reasons is that it shone yesterday. We will keep silver at par because we have SC kept it for twenty-two years. In addi- ton, We will strengthen the situation. France and Germany keep great mass of silver in circulation, but it is not redeem able in gold The United States is the only country that redeems fractional sil- yer"
 How Could Silver Be Maintained?
 Suppose next summer democratic pres ident were elected?' interrupted Mr. Till man. "I know you think that impossible, but miracles have happened. Suppose a democratic president should take it into his head to discriminate against gold ncy could silver dollars be maintained at
 parity if they were not redeemable in god?'
 'Yes, you must catch your hare before
 you eat him." replied MT. Allison, amid
 laughter.
 '"This scheme of finance then rests upon
 the continued supremacy of the party in power?"
 Not at all,' replied Mr. Allison q am speaking Of silver certificates, not of the probability of the election of a democrat tic president"
 MT. Allen of Nebraska, interposed to say
 that his objection to the bill was that
 the whole power to issue money would be turned over to the national banks MT. Allison replied that under the bill every dollar of our currency must and would remain in circulation. The tail could not wag the dog Mr Allison refer- | said it was propitious time to redeem i the bonds due in 1904-07 and 1909 The funding should proceed gradually in | order that there might be no friction in the money market. We could save $2a.- | 0O0,000 per annum by funding the bonds now.
 In conclusion, MT. Allison said: There Is no concealment, no prevarica- tion in this bill. It contains nothing that Is not pGainly written on its face. We main- tain that the provisions of this bill will maintain in good times and bad times our standard of value.'
 Jones of Navada Speaks At the conclusion of MT. Allson's speech.
 MT. Jones of Nevada continued the debate
 in speech strongly antagonizing the pro- wilson's of the pending biil. This measure" said he, lis the cliunax | or eftorts that have been made since 1869 to abolqsh the use of silver. It is certain thar | there will be additional Legislation present- | ed at some subsequent date to retire the | $346,OO0,OOO on greenbacks. The gold stand ard advocates know that tt would mot do l to attempt to carry through all of their | plans at once. That would be shock to | the American people There will be also an | effort in the near future to retire the treas ury notes.
 l This will afford the national banks an | opportunity to regulate the volume of all l money, gave only gold and silver coin Thus 1 an aggregation of private banking corpora tions Will exercise the sovereign function of | issuing money instead of that function be-
 ing vested in the government alone" 1 MT. Jones declared that the measure pro- l vided clearly for a permanent increase in
 the bonded debt of the country, and that it l is monstrouS proposition that any execlI- l tive officer of he government should have | the power to bond the American people. l Speaking of the provision of the bill which
 will enable national banks to issue cur | rercy up to the par value elf bonds depos- 1 f.ed, MT. Jones declared that the result ol | the authoriza tion of the national banks tc issue so great an amount of currency as | they would be able to issue by the pro- | visions of the pending bill, would be tC l place in the hands of the banks the credit | of the entire people, and the power ir 1 times of financial pressure and financial | stringency, absolutely to bankrupt thou | sands of people by calling in loans in the
 regular conduct of their banking bushes. | This bill places in the hands of the national | banks the control of the bonded debt of the | coun.ry" said Mir. Jones. "Whenever the ! banks see fit they can reduce the gold re- 1 serve below the limit, and force an fssu- l ance of bonds; and this process can go on indefinitely"
 With Bitter sarcasm E | MT Jones spoke with bitter sarcasm of | the financial dependence of the United | States declaring that cock fight in India 1 or a war in Africa with the Boers dis
 turbed the finances of S0,000,000 Americans ] He maintains that this country should have i its own distinctive money, which would not l desert us in time of trial, and in conclusion l advocated the issue of a paper currency by 1 the government alone. This currency should | be entirely independent of gold, silver, of
 anything else that possessed inherent value i Such money, he argued, ruled in amount in
 accordance with the population of the coun- | try. would be tine best and steadiest money
 ever seen in the world. The death of Repre- | sentative Chicker.ng was announced. and | the following senators were appointed as a | funeral committee: Pla'tt, Mason, Scott | Turner, and Sullivan.
 The senate then, at o'clock p. rn., ad ourred