The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-01-12

AR. GDlE rs IN WHICH ne ndQ SalQ II was
the evident desire of the officials TO
prevent certaiI information from
reaching the people Of the United
states When he (Coiiins) had filed a
dispatch containing informatiO which
he thought was proper TO send 10 the
United States he had been informed by
the censor that he had been instructed
10 cut out q ythlng that might hurt
the administration.
subsequently when h had desired to
send a story relating 10 the use Of sii
Yer in the Philippines. the censor had
told him that his instructions were 10
allow nothing TO pass him which would
be helpful TO William Jennings Bryan
in the United States.
For Political Purposes.
Upon this point Mr.. Petugrew be-
came particularly sarcastic and again
adverted 20 what he termed MCKin-
leys desire TO succeed himself as presi-
dent even though essential infOrna-
tier had to be suppressed TO accomplish
that end
Mr.. Pettigrsw declared that the presi-
dent himself really began the war in
TIA Philippines and was responsible for
il
IT, said he, the administration had
had spark of honor in dealing with
the FilipinOs it would have told Cen
erai Merritt to lay the whole truth OF
the intentions of the government before
Aguinaldo and his associates
Had this been done, Mr.. Pettgrew
believed half the trouble might have
been averted. That he had fired the
first shot which had precipitated hos
tilities nobody denied.
Aguinaldo's Desire For Peace.
Even after the fighting had begun he
said, an effort was made by AguinaldO
to secure a suspension Of hOstiG.ies but
he had been told by General Otis that
now the fighting had been begun it
must continue to the gr.m end.
III" said Mr.. PettigTew Il we're a
Filipino I would fight until I was gray
against the unhOly aggression of the
United States. If this country IS
wrong. this country could take no
graneer position before the nations of
the world than 10 admit that 1t is
wrong.
eve have reached the turning point
We must decide whether we are TO
pursue a course of rapacity and az
gression on the British principle on 10
pursue a course of justice and right.
No nation long can pursue such a
course as the imperialists nave marked
out for us-a course Of wrong and
treachery TO friends-and hope to stand
we'll before the nations Of the world.
Currency Bill Up.
Mr.. Pettigrew was cut off by the ex-
plratiOn of the morning hour. The cur
rency bin was then taken up and Mr.
Stewart addressed the senate opening
with an attack on the Republican party
for bringing in a measure so utterly
contradictory of the st. Louis plat
form" He then entered upon a gen
eraI discussion of the financial c0ndi-
lions Of the world and attacked the
advocates Of the gold standard for
denying that either the supply or de-
mani for gold mas any effect in esu-
mating the quantity Of any particular
commodity which a given amount OF
gold VIII buy. Referring TO the reply
of Secretary Gage TO the senate he
said.
The secretary Of the treasury is
not $40 absolutely ignorant of money
science as his contention that the value
of gold never changes would seem TO
indicate. In his reply to the resolution
of the two houses Of congress respect
ing his transactions with certain New
York banks. he gives fer a reason for
depOsiting the money of the govern
ment in national banks that Ii is neces-
sary b do so to avoid contracting the
circulation. and that to keep it in the
treasury would disturb the business Of
the country.
Where Gage Is Wrong.
1T seems a little strange that the
secretary can understand that locking
up money in the treasury vaults dis
turbs business. and at the same time
thinks ii is necessary to use only the
commodity gold upon which 70 stamp
money, although every foreign nnan-
ciaI trouble takes gold out of the coun-
try and deposits it in foreign vaults
In his lectures on gold the secretary
claims it possesses intrinsic value
while in administering the treasury he
regards the volume of money in circu-
latiOn as Of paramount Importance and
deposits the surplus OF the treasury in
banks to keep it IN use and prevent
contraction.
1T is passing strange that business
men shape their transactions in view
of Tho probable supply of money, but
when they discuss the money question
they follow the example of the secre-
tary and assert that the quality uf the
material used as money is the only
question of importance without regard
To the volume in circulation.
rs it not singular that people can
not see the absurdity of the intrinsic
value theory. while in every kind Of
business. industrial as well as specu-
theory of money!
Supply Of Money.
In their business they have in view
the supply of money, but many of them
in their arguments follow the teach
ings of the ClevelandS and the Harri-
Sons and maintain that all they want
is intrinsic values ian the money in cir
culation, no matter whether the volume
is large or small
In conclusion Mr.. Stewart said: ''The
passage of this Oil, whatever may
have been the intention Of its authors,
VIII bring this question squarely before
the American people. If this bill
should become a law there viii be no
lodging the issue. 1t must be met and
that issue viii be between a govern
ment by a colossal and imperial con-
CentratiOn of capital welding the SOW
ereign power of the United States 20
create. contract and expand the vol
ume of money. and an honest measure
of value consisting of the legal tender
money of the United States"
Mr. Aldrich, in charge of the finan-
cial bill asked to have some arrange
ment made regarding that measure.
A1T. Jones Of Arkansas replied that no
Democrat was ready To speak on the
BILL but he assured Mr. Aldrich there
was no disposition To delay il unduly.
Want Bill Disposed Of.
Mr.. Aldrich said the Dill had been
before the senate for three weeks-an
ample time in which TO prepare for its
discussion. Therefore, he had a right
10 insist that the bill be disposed of as
soon as possible.
Mir. Teller asked if there were 10 be
no speeches in support Of the measure.
To This Mr. Aldrich said he was sunable