New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-06-11
LIMITING SILVER DEBATE.
THE FIvE.MINUTE RULE TO GO INTO EFFECT
IN THE SENATE FRIDAY AFTERNOON.
A VOTE LIKELY TO BE REACHED EARLY NEXT
wEEK-MR. TELLER REPLYING TO
MR.. SHERMAN.
,.y TELEGRAPH TO The TRIBUNE

,ouch the senate before the end OF this week, but
bv newt Monday or Tuesday, at the furthest the
rhetorical volcano which has been IN active outpour
Tor the last month will be practically extinct The
Co., ton toward the stoppage Of the flow Of argument
and argument with which the Senate has been
overvbemed for weeks taken to-day by Dir Jones,
NJ Nevada the author and former sponsor OF the Dill
now perding, and still its nominal guardian anu
conductor Acting Mr.. stewards suggestion OF yes
terday he asked and obtained unanimous consent that
general debate on the various slVer measures ho"
before the senate should close Friday afternoon at
o'clock and that from tls' PoNi' WI VIZ "'' i"'''
rule should go into effect.
This is somewhat laxer and more elastic proposition
than the ye originally made by Mr. stewart but IL
nsures decision. if not on Friday, at least early III
the following week. upon the bill and all amendments
which arc likely TO be offered. saturday, it will be
remembered is reserved for labor on the general
calendar and unless some arrangement Of busi
ness s agreed on the silver bill cannot come mp that
nav A. Thursday forenoon is to be set aside Tor
euIocles on the New York Representatives who nave
died during this Congress, practically Only DAY ana
half are stlll left for the wide range sort Oh as
cusson of the silver problem, which has been carrch
an with such insignificant results since early In May
Todav,s limitation Of the debate VIII doubtless
capse a. profouns a Of satisfaction throughout
tho country as il brings 10 the friends Of reasonable
vcr legislation here 1t looked for awhile this AFTER
noon As If the sherman and Plumb amendments Ia
bo bill-deaing with the reserve funds to be held III
the Treasury-wOud be pushed to a vote Everything
was ready for dis posng of them. but Mr. Teller took
tho door and. without seasonable warning, entered
unon his second long speech OF the deodtc "h'h TIC
had finished an hour later. Mr.. Call of Florida
,o, nm the thread OF the free coinage argument. and
oil chance Of a vote thereafter swiftly vanished
Mr. Tcller's speech in a large measure reply 70
Mr. sherman's remarks Of last Thursday, ana a cru
csm Of the Ohio senator's record on monetary que'
tions senator Evarts will speak on the Jones Dill Oh
Thursday during the morning hour
Tn. ouestion was on Mr.. Plumb's amendment that
M funds available for the pay mcnt Of the public debt
nnc,uding such as are kept for the redemption Of
United states notes. shall be retained IN the Treasury
in excess Of S1IO,OO0000
on motion Of Mr. Harris this amendment was
amended by adding to it the words Provided ''t Inc
cold and silver coin and gold bullion IN the treasury
an which gold and silver certificates have been issued
shall not be considered available for any purpose eN
cent the redemption OF such certificates
Mr. sherman expressed his opposition to MI
P1umb's amendment. as the effect Of 1t would be-
r.,uv m leave only a working balance Of Sloo0oooo
In the Treasury Besides. nc thought that the silver
question was important enough TO be conSdered pS
itself without Juggling In other complications ~ 7"
h,I,ncss I'm the Treasury ana such matters. lie re-
c,,ded the amendment ~ faulty, inst. because IL
disturbed funds pledged By public futh' ana NccohuH'
because il would require the secretary "i ' treasury
70 carry ON the operations Of the Government with
working balance Of slooooOoo. e"meiime9' on
Quarter DAYS the Secretary had 20 pay ont Ooooooo
and sometimes he had 80 pay S2o,Ooo.ooo a DAY i'i
pensions. ,,.u,,.
Mr. Teller expressed his preference that Nr. PUMP
amendment should bc withdrawn and should 10
presented as an independent measure
Mr.. REAGAN quc,tionci the u-c Of retaining F'"''
900 600 of gold in the Treasury while there was 1"
til Tho "a 80 Il
dearh of currency felt, e'pcciAlP IN 'io '.'i ~
Ills opinion was that reserve Of S3O'oooo'o """ia
no s,Bcient and he intended 10 offer on Amendment
carving out that idea The retention Of that 9loo'
600 900 Of gold had already cost the Governments
$40 900 900 IN interest
Mr.. Teller said that the Senator had not put tho
figure high enough 1t had cost Si60ooOoo' cal
culatng the interest at per cent for eleven anu
one half wears lie believed that The d1scardins d!
either gold or silver could not be afforded But II
there could DO only one money metal, then he asserted
that the Interests Of the United states and the Ia
tcrest, Of the void demanded that IT should bc~lVcr.
II had been demonstrated beyond the possibility 81 a
doubt that there was not gold enough IN the "oru'
and that there Was not enough bcus pIodu''d' 10
carry on the business Of the world on goa alone
Mr. Teller went TO question and TO deny the
accuracy Of some Of the statements I'm Mr.. sherman 3
last speech on tho bill. Of the points was that
the gold dollar had always been the unit Of value
That statement IS not true said Mr. Teller. There
never was an hour previous 10 l-7J when the gold
dollar was the unit Of value IN this country. Inc
silver dollar was the unit Of value up to the act Of
LEA The Senator himself In lo0-, introduced bill
for the purpose making the gold dollar the unit OF
value which he did not succeed IN noiis. nh'ti'''
pued and denied tina, the increase Of circulation
had kept pace with the Increase oi population ~
70 the statement by NJ sherman o aa C dollar M
Teller said that IL was species OF demhgogy ,whlon
a,IIa fhe had
without the Will OF the people and without ther
Sir. Teller went on to charge Mr. sherman and hi
friends with having. by the law Of 1873 added al 900
100000 70 the public debt and 80 per cent to private
tnue that outrage To continue to appreciate HE gold
dollar 1t had already gone up 30 per cent in fifteen
which Mr. sherman and his associates at home and
abroad were trying, II they could complete thc Ge
II the senate should pass the House silver h they
would add 80 per cent more to every public and private
He was willing to admit that there were great
financial considerations involved In the question II
recded 10 promptly Honest men might differ about
H. But the man who stood before the senate arguing
norant and had right 10 represent rhe interests 81
the American people Mr. Teller went ON to speak OF
the silver plank IN the Republican National platform
and said that II he had supposed II 70 be mere claprap
The Republican ticket would not have had such sup.
majority that il did in the state of Colorado
Mr. Teller continuing said thar the bimetallic prn
the man who had done II the most harm, In the Trcas
ury Department II had been within the power Of rlc
ADMINISTRATION to relieve the people. so that what the
people suffered at the door OF the Admlni>trd
lion" But there no feeling favorable To- hmcta
ism I'm high places and would not be while Wall street
cond influence political parties. Each party had been
met by the declaration that Congress must lcgslac 81
a. IN gain rho good will Of business interests Of tho
country That meant Wall street. lie remem bered
The case of a President (Mr. Cleveland addressing a
crowd Of people IN Wall street and saving that he
saw before him the representatives OF the great in
,erastS 81 rhc country But the fact was. Mr.. Teller
sad that Mr.. Cleveland did not see before him a
single man who had done an honest days work
e,cr produced an article Of commerce. pro
NOTED the industrial pursuits Of the country.
Mr. Call addressed the senate. The bill. he said
did not answer the demands Of the country and the
necessity Of coinage at this 1me Free ana unlimited
Coinage ~ the precious metals was In his Judgment
the only proper solution Of the financial trouble which
now rested upon the countS , 80 -
Al the close Of Mr. Calls speech, tic Silver bill
went over until tomorrow.
Tie senate Finance Committee VIII take MP me
Uonsr silver bill tomorrow morning, and tie cN'
nectaton is that II will be reported To the senate
In the afternoon. senator Jones says there VIII BE-
controversy over II In the committee as the general