Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-11
TELLER AS A B0LTER.
BE Will Not Consider Party in the
Vote on the Silver Bill.
A FIERCE ATTACK UPON SHERMAN,
Who ID Accused Of disappearing Some
Facts and Figures.
An AMENDMENT FROM SENATOR PLUMB

WASHINGTON, June 10-The Senate sill
yer bill was then taken up and unanimous
consent was given (at the request OF Mr..
Mr.. Jones, of Nevada), that, after 3 O'Clock
on Friday next, debate shall be limited to
i've minutes by any Senator on any ques-
tion. The question being on Mr.. Plumb's
amendment that no funds available for the
payment of the public debt (iEcluding such
asare kept for the redemption of United
States notes), shall be retained in the treas
ury in excess Of S110, ,O0O, OO0 On motion of
Mr.. Harris this amendment was amended
by adding to it the words, provided that
the gold and silver coin and gold bullion in
the treasury on which gold and silver GER
tifcates have been issued shall not be con-
sidered available for any purpose except the
redemption of such certificates"
Mr.. Sherman expressed his opposition to
Mr.. Plumb's amendment, as the effect of it
would be really to leave only working
balance of $40, 000, 900 in the Treasury.
Besides he thought that the silver question
was important enough to be considered by
itself without Juggling in other complica-
tons as to balances in the Treasury and
to such matters
THE PUBLIC FAITH.
He regarded the amendment as very
faulty, first, because it disturbed funds
pledged by public faith; and, second, be-
cause it would require the Secretary of the
Treasury to carry on the operations of the
Government with a working balance of S1O,-
o00000. Sometimes, on quarter days, the
Secretary had to pay out SAC, ,000, 900; and
sometimes he had to pay $40, ,0oo, 900 day
for pensions.
Mr.. Reagan was Of the opinion that re-
serve of $50, 000, 900 would be all-suf6cient,
and he intended 10 offer an amendment
carrying out that idea. He thought that
the policy of Furnishing the people for the
benefit of monometalists and contractionists
had been carried on long enough. The re-
tention of that 500, 900 of gold had
already cost the Government $40, 900, ,00o in
interest
Mr. Teller said that the Senator had not
put the figure high enough. 1t had cost
SAG, ,000, 900, calculating the interest at per
cent for eleven and a years. He went on to
question and to deny the accuracy of some
of the statements in Mr.. Sherman's last
speech on the bill. One of the points was
that the gold dollar had always been the
unit of value. That statement is not true
said Mr.. Teller-whether il comes from an
e1-Secretary Of the Treasury or anybody
else.
A DIFFERENCE OF OPINION,
Another point in Mr.. Sherman's speech
which Mr.. Teller disputed and denied was
that the increase Of circulation had kept
pace with the increase of population. Mr.
Teller argued that it would require an an
nual increase of 81, 00o, 900 of currency to
meet the annual increase of population. As
to the statement by Mr.. Sherman and others
that the supporters of the bill wanted cheap
dollar, Mr.. Teller said that it was a species
of demagoguery, which was q disgrace to
the Senate. They wanted the honest dollar
restored-the dollar that had been stricken
down without the will of the people and
without their knowledge. The friends of
silver were for paying the debt as it was
contracted that it should be paid, and that
was all that anybody could ask.
The man who stood before the Senate
arguing for the single standard was either
dishonest or ignorant, and had no right to
represent the interests of the American peo-
pie. If the people could put in the White
House and in the Treasury,Department men
who wanted to conquer the single standard
influences, they could be conquered, but
never until then. Mr.. Teller went on to
speak Of the silver plank in the Republican
national platform, and said that if he had
supposed it to be mere claptrat the Re
support from HIM, and would not have got
the great majority that it did in the State of
Colorado.
sILvER's WORST ENEMY.
Mr.. Teller went on to say that the BIZ
metallic principle had its worst enemy. its
most effective foe, the man who had done it
the most harm, in the Treasury Department
1t had been within the power Of the admin
ietrafion IN relieva fba yaopla
the people suffered was "at the door of the
administration" But there was no feeling
favorable to bi-metallism in high places
and would not be while Wall street
could influence political parties. Each
party had been met by the declara-
ton that Congress must legislate |
so as to gain the good will of the business |
interests of the country. That meant Wall |
street He remembered the case of Presi- |
dent addressing crowd of people in Wall |
street and saying that ne saw before him
the representatives, of the great interests of
the country. But the fact was (Mr. Teller
said) that he did not see before him a single
man who had ever done an honest DAYS
work, ever produced an article of commerce,
or ever promoted the industrial pursuits of |
the country.
In conclusion Mr.. Teller declared that no
matter where the Republican party or him.
self should be left, his vote should be given
for that measure which would unloose the
burden put upon the debtors of the country,
and do it without detriment to the creditors.
Mr.. Call spoke in favor of free coinage,
and then the silver bill went over till to-
morrow.
The Senate Finance Committee will take
up the House silver bill tomorrow morning,
and the expectation is that it will be re-
ported TO the Senate in the afternoon. Sem
ator Jones SAYS there will be no controversy
over it in the committee. as the general de-
sire is to get it back again into the Senate
as speedily as possible. It can be discussed
and amended there, he says.