, 1890-06-12
TUESDAY,.
Teller Addresses the Senate on the
silver Question.


to-day among the petitions presented
and referred was ono from the New
Orleans chamber of commerce, asking
an appropriation OF $500, go for the es.
tablishment of steamship line between
New Orleans ond the west coast OF
Africa.
Mr.. Blair introduced, by request, q
bill 10 prohibit the sale of Intoxicating
liquors on exposition grounds for which
appropriations arc expended by the
United States. II was referred.
The. silver bill was then taken UP and
unanimous consent given, at tho re.
quest of Jones, of Nevada, that, after 8
O'clock Friday next, the debate be lin
ited to five minutes by any senator on
any question.
amendment that no funds available Tor
the payment Of the public debt, includ.
ing such as Is kept for the redemption oi
United States notes, shall be retained in
the treasury in excess of $40 600, 900.
On motion of Mr.. Harris this amend
ment was amended by adding the
words; provided that the gold and
silver coin and gold bullion IN the treas
ury, on which gold and silver certifi-
Gates have been issued, shall not be con-
sidered available for any purpose, ex-
cept the redemption OF such cortih-
Gates"
Mr.. Sherman eSpressea opposition to
MIR. Plumbs amendment, and the effect
would be really to leave only working
balance of 100000 in the treasury.
Besides, he thought the silver question
important enough to be considered by
itself, without bringing in other com
plications as TO the balances in the
treasury and such matters. Sometimes
on quarter days the secretary had to pay
over $40 900, coo, and sometimes ho had
to pay $40, 600, 600 day for pensions.
Mr.. Reagan was OF the opinion that u
reserve Of $50, 600. 600 would be all suf-
ficient. He intended to offer an amend.
ment carrying out that idea. He
thought the policy Of Furnishing the
people for the benefit of the mono
metallists and contractionists had been
carried on long enough. The retention
of that 500, 00O,OcO of gold had already
cost the government Si00oO,OOJ In in
terest
MIR. Teller said that 1t had cost
$40, 900, coo. He went on to question and
deny the accuracy OF some of the state
ments In MIR, Sherman's last speech on
the bill. One of the points was that the
gold dollar had always been our unit of
value. That Is not true" said Mr..
Teller, whether 1t comes from the ex.
secretary OF the treasury or anybody
else. Another point in Mr.. Sher-
mans speech which Mr. Teller disputed
and denied was that the increase in cir
culation had kept pace with the increase
in population. Mr.. Teller argued that II
would require an annual Increase OF
Sfl, OOOoJO IN, the currency to meet tho
annual increase in the population. AsI
to the statement by Mi. sherman and
Others that the supporters of tho bill
wanted a cheap dollar. Mr.. Teller saiu
that II was species of demngogry
which was disgrace to the senate. /
They wanted the honest dollar restored,
the dollar that had been stricken down
without the will of the people and with
out their knowledge. The man who
stood before the senate arguing for a
single standard was dishonest, and had
no right TO represent the interests of the
American people.
MIR. Iel Ter Went on to speak of the sill
yer plank In the republican national
posed II mere clap trap tho republican
ticket would not have had such support
from him, and would not have got the
great ma iOrity II did In Colorado. He
said that the bi.metallic principle had
had ! Is worst enemy, its most effective
foe. In the treasury department. 1t had
been within the power of the admins.
tra,ion 70 relieve the people, but there
was no feeling favorable to bI.metallism
in the bish places, and would not hc
while Wall street could influence poliu-
cal parties Each party had been met
by tho declaration that congress
must legislate SO as to gain
the good will of the business
interests of the country. That meant
Wall street. lie remembered tho case
of a president (Clcyelnnd) addressing a /
crowd OF people In Wall street and say. |
ing that he saw before him the repre- |
sentatives OF the great interests of the !
but the TACT was, MIR. 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 indus |
trial pursuits of the country,
In conclusion, Mr.. Teller declared that |
no matter where the republican party or |
himself should be left his vote should !
Dc gwen for that measure which would |
inloose the burden put upon the debtors |
,f tho country and do 1t without detri- |
nent to the creditors.
Mr.. Call spoke in favor of free coinage, |
ind then the silver bill went over until !
o. m orrow, and after an executive ses- |
lion the senate adjourned.
CONTRIBUTIONS.
Frank J. Partridge, of Vermont, to be
of claims in the state depart
nent.
Robert S. Gardner, of West Virginia,
o be Indian inspector,
w. II. ByNrs to be surveyor general OF
oregon.
Charles T. Hapgood to bo registrar OF |
he land office at Marysvillc, Gal.
Thomas smith to be postmaster at Pa.
ouse city, Wash.