The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-12

that the locking up OF money In the treas
ufy vaults dsturhs business, and at the
same time thinks Il necessary only 10 use
the commodity gold upon which TO stamp
money. although every foreign financial
trouble takes gold out OF the country and
deposits 1t in foreign vaults On his lee
lures on gold the secretary claims that II
possesses intrinsic valuc, WHILE In admin
istering tho treasury he regards the vol
umc Of money In circulation as OF para
mount importance and deposits the surplus
OF the treasury in banks TO keep in II use
and prevent contraction.
1T Ia passing strange that business men
shape their transactions In view OF the
probable supply Of money, hrt when they
discuss the money question they follow the
example OF the secretary and assert that
the quality Of the material used as money
is tho only question Of Importance without
regard to the volume in circulation. Is VI
not singular that people can not see the
shsurditS OF the intrinsic value theory.
while In every kind OF business. Industrial
as we'll as speculative, they act on the
quaintitivc theory OF money? 10 their
business they have ia view the supply OF
money. but many OF them In their argu-
ments follow tho teachings OF the Cleve-
lands and the narrisons and maintain that
all they want Is intrinsic value In the
money In circulation, no matter whether
the volume is large or small"
In conclusion MIR. Stewart said; Tho
passage OF this bill, whatever may have
been the Intention OF its authors. will
bring this question squarely before the
American people. II this bill should be-
come 4 law there will be no lodging the
issue. II must be met and that issue VIII
be between government by colossal
and imperial concentration Of capital
welding the sovereign power OF the United
States TO create, contract and expand the
volume OF money and an honest measure
OF value consisting OF the legal tender
value OF The money OF tho United States.
Mr.. Adrich. In charge Of tho financial
bill, asked to have some arrangement re-
garding that measure.
Mr. Jones (Ark) replied that no DEM
ocrat was ready to speak on the bill but
he assured Mr.. Aldrich there was no dis
position 10 delay Il unduly.
Mr. Aldrich said the bill had been be-
fore the senate for three weeks-an ample
time in which to prepare for It's discus-
sion. Therefore he had a right to Insist
that the bill should be disposed of as soou
as possible.
to be no speeches In support OF the meas
ure.
To this MIR. Aldrich said he was un-
able to reply Republicans, he thought.
were prepared 10 vote upon t.
Mr.. Teller regarded II as remarkable
that measure of such Importance shonld
go 10 a vote without discussion from all
sides.
Al the request Of Mr.. Aldrioh the nnan-
eiai measure was postponed until n. M.
Monday next
The senate then agreed that when II ad
journed today # would be until Monday.
Consideration NJ the Genius measures,
comforting additional authority upon the
director OF the census, was then begun.
MR.. Pettlgrew offered an amendment Al.
recttng tho director Of the census 10 col.
ieet statistics In regard to the distrlbu-
Won or wealth Ia regard 10 the extent "a
which machinery has displaced manual Ia
por ana IN regerd TO the private and cor
was defeated
Mr.. Allen fNeb) proposed an amend
ment providing for the collection OF static.
TICS relating 10 trusts and that. too wnn
defeated by viva voce vote.
MT Allen demanded the yeas and noo.
ana wanted to know OF Mr.. Carter n he
proposed TO deny this information TO the
people. Mr. Allen declared that the ~
tort 10 prevent the gathering Of Informa-
si9n regarding trusts was scheme "a
hldetraek him. There Ia some biddon
power II seems" he said, I'm conrross
respecting this matter" esS
sharp and amusing coIloouv ,oo,, n,,..
between Mr. Allen and Mr.. TiIl,nan Ce ~
me latter criticized the amendment IA
mr.. Allen charged that Mr. TuIm,n NJ
gone over 10 the side OF tho trnsts "a'
IN emphatlcally DENYING this. MIR rim
man llkencd Mr.. Allen to doy ~
Southern 'possum hunt who followed M
usll 10 tree and then reared npo, Z,
lhe tree Was cut down and no 'noss,,,,
wse found Tho hunters wont homo IN
p.,sRus' declaring that the dogs had hcen
| chasing ha'nt' (speetcr). That " s,id
Mr. Tlllman, SIS what my friend fron,
Nenraska is doing (Laughtcl.)
MT Allen replied with some heat DO
eiaring that Mr. Tillman would find an.
hPnlty In explaining his position To tbc
people OF his State. He said there was
disposition among senators TO say: rThe
public be damned and he had po idea
there was any intention 10 gather In.
formation regarding trusts
The bill WAS passed without further nh.
lection 'D'r op-
a Bill increasing the limit OF the coat
OF the Indianapolis public building 10
s2,5Oo00o was called up by Mr. lsaIr-
banks dnd) and passed
The senate then at $40 u. m. went ,nto
executive session and soon aftcrward al