Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1890-06-11
NATIONS CAPITAL.
Senator Teller Makes a Long
Speech on Silver.
The House, Amons Others, Passes the
Post.0flcs Appropriation Bill.
It IL Now supt. Ryan OF the New
England Mail 6ssvice.

| ferred to the finance committee Of the Sen.
ate
! Mr.. Blair introduced BY request bill to
| prohibit the sale of intoxicating liquofs on
| the expositions TO: which appropriations
are expended by the United States. Re-
ferred TO the committee on education and
labor.
The Senate silver bill IS taken up, the
question beiug on Plumb's amendment that
no funds available for the payment Of the
payment of the public debt shall be re-
tanned in the treasury in excess of 4il0,-
900 900.
The amendment was amended by Harris,
adding: Provided that gold and silver
coin and gold bullion in the treasury, on
which gold and silver certificate have been
issued, shall not be considered available
for any purpose except the redemption of
such certificates"
Teller expressed q preference that
Plumb's amendment be presented ~ an in
dependent measure. The statement by
Sherman that the gold dollar had always
the unit value, was not true, said Teller.
There never was an hour previous to 1873
when the gold dollar was the unit value in
this country. The silver dollar was the
1tiit shluC up " tut hCt VI 1910 uc oeu-
ator himself, in 1868, introduced bill for
the purpose Of making the gold dollar the
unit value, which he did not succeed in
doing. The people Of the country were
told that the old democratic party made the
gold dollar the unit of value. That was
not true. Another point in Sherman's
speech that Teller denied was that the in
crease in circulation had kept pace with the
increase in population.
Teller argued that it would require an
annual increase of Si4 .0O, 600 of currency
to meet the annual increase in population.
As to the statement by Sherman and 9TH
ers that the supporters of the bill wanted
cheap dollar, Teller said Il was species of
demsgoguery which was disgrace TO the
Senate. They wanted the honest dollar re-
stored. There never had been q demand
from the public for cheap dollar. 1t was
said in order to frighten capitalists and the
uniformed. and make them think the
friends of silver wanted to repudiats public
debt and repudiate private debts. There
was nothing of the kind. They were for
paying the debt as 1t was contracted. He
charged Sherman and his friends with hav-
ing by the law of 1873 added = thousand
millions to the public debt and thirty three
per cent to private debts The sophistry
and falsity of the Senator from Ohio would
not keep the people in ignorance of that
economic crime and of its legitimate and
logical results.
Did that Senator propose to continue to
appreciate the gold dollarr 1t has already
gone up 80 per cent. in fifteen years. and
if the purpose could be accomplished for
which Sherman and his associates at home
and abroad are irving, il they could COM
plete the decentralization of silver (Which
would be done effectuslly if the Senate
should pass the House silver bill) it would
r-;-.t-. a., -. 80. -zz., - -
PEELED to make so per cent. mott -
and 60 per cent. more sacrifice to pay his
debts than he would have before 1873 |
He was willing TO admit that there were |
great financial considerations involved in
the question. II might be a question
whether free coinage could be proceeded |
with too promptly. But the man who |
stood before the Senate arguing for single |
standard either dishonest or Ignorant, had |
no right to represent the interests of Amer |
lean people. If the people could put in
the White House and treasury department |
men who wanted to conquer single stand |
ard influences. they could be conquered,
never until then.
Teller said if he had supposed the silver
plank in the republican national platform
to be mere clap trap, the republican
ticket would not have had such support
from him, anj would not have got the great
ma ajority it did in Colorado.
Blsir remarked that Teller felt in rels-
tloa to the silver plank in the platform just
as he (Blair) felt in relation to the educa-
tional plank.
Teller said the bimetsllc principle had
had its worst enemy, its most G Effective foe,
men who had done it the most harm, in the
Treasury department. 1t had been within
the administration to relieve people, what
people suffered Was at the door of admin
istrstion." But there was no feeling favor
would not be while Wall street could in
6uence political, parties.
Each party had been met by the declara-
ton of Congress and must legislate to gain
the good will Of the business interests of
this country. That meant Wall St. He
remembered of President Cleveland ad-
dressing q crowd Of people on Wall Street
aud saying he saw before him representa-
tives of the great interests Of this county.
The fact was Teller said that he did not
see before him a single man who had ever
done an honest days work that ever pro-
ducei an article for commerce and ever
promoted the industrial pursuits of this
country. Teller declared that no matter
where the Republican party or himself
should be left. his vote should be given for
the measure which would unloosen the
burden and put upon the debtors of this
country and do it without detriment to the
creditors.
Call addressed the Senate on the bill
He said it did not answer the demands of
the country and the necessity of coinage at
this time. Free and unlimited coioage of
precious metals was, in his Judgment, the
only proper solution of the financial trouble
which now rested upon the country. Any
modification of that idea in the shape of
limitation or the purchase of silver by the
government. was. he thought. entirely in
consistent with the true theory of finance
ard with customs that hSve prevailed
throughout lapse of time in relation to
currency.
At the close of Calls speech the silver
bill vent over till tomorrow.
The conference report on the bill to Sc.
cure 8 site for city post-ofiice in Washing
ton was presented. Ths site selected by
the Senate is upon ,quare on the south
side of Pensylvanis avenue between 1lih
and 18th streets. The cost of the site is
not to exceed 100000 After discussion
the conference report was agreed to.
The Senate, after executive session. 3D.
journed until tomorrow.