Telegram-herald., 1890-05-17
Tss SILVER DEBATE.

~.a-'oF Teller ftaishs. Hls speech "a ths
~tndom aah Hs h Foiio~ea bs ssn@-
toF coAs. " fsxss. wbo Izlks ts f-ssF
Of frss coinage Progress II ths f~riH
Debate ~ ths hoass.
SENATE.
wAsHINoIeN Nay l6 In the senate
YESTERDAY, senator Teller continued
his argument Oh toe silver biil tie
dla not deny that the passage Of
the blll would pat the prioe Of silver up
II might pU1 tue price up 10 par. lie
did not know exactly what par would
BE. tie supposed that 81 ~ an ounce
would be- called par IN ths United
States II would be less IN Great Brit
ain and less in EuroPe. II IL pat the
price One-eighth OF per cent above
par The purchase of the Government
under the bill would cease and the
great Interests arrayod against silver
would obtain their ends This MAS
no vain supposition. II MAS borne
out by the facts. There Was .
party, not in the United States
alone bat all over the world. that
held the credits Of the world, that
took toll from all quarters, that levied
tribute on all enterprises, and that Was
srrsyed against silver as money. Those
people had enriched themselves al the
expense Of the many. Colossal fortunes
had been built up in tho United States
and Europe within seventeen years
which had no parallel in the history Of
the world
The bill, he said, was a half way
scheme. Ii afforded no relief whatever
except in making a special market for
silver In excess OF the present Govern
ment demand Of So, 0O0 900 a month. IL
IL were proposed 70 restore silver IL
would have 20 be- given its full money
function There were at least nine men
In the world calling for silver against
one man calling for gold. There were not
more than l25, 900. 600 Of people that pre-
ferred In their trade gold 10 silver,
while there were over 1000, 600, 600 OF
people among whom, by preference and
by law, silver was the chief money. Sill
yer was better adapted for use as money
than gold. While he was himself BIZ
metalist, If there was 10 Toe only one
money standard he would welcome a
silver basis in the interest Of the race
and of the people Of this country.
Senator Coke TEX next addressed
the Senate in favor of the free and un-
limited coinage of silver. He declared
that the persistent defiance OF the pop
ular will by the executive department
/ of the Government for the last seven
teen years was one of the most re-
/ msrka BILE facts in the history OF a free
representative Government II could
not support the bin as reported from the
/ finance committee. 1t Disseminated
against silver in leaving 20 the Secre-
tary of the Treasury the right TO deter
mine how much of the silver 10 be pur-
chased should be coined into money,
and as the Secretary held that there
was already too much silver coined il
was sure that with that discretion in
+ the Secretary not another dollar would
/ be coined.
Senator Sherman 20 submitted an
amendment intended TO be proposed by
him to the pending silver bill. 1t pro
vides that the balances standing "a
/ the credit Of National banks for de-
posits made TO redeem circulating
notes shall be covered into the
Treasury as a miscellaneous receipt
and the Treasury shall redeem the cir
culating notes of the banks which may
come into its possession subject
to redemption. The amendment
also provides that upon the Ger
tificate of the Comptroller Of the
Currency that such notes have been
received by him and destroyed and that
no new notes will be issued in theil
/ place reim bursement of the amount
shall be made to the Treasury from ar
appropriation created by this amend
ment, to be known as National bank
notes redemption account"
HOUSE.
WAsHINGToN. May 16.-After a lonl
debate in which the Democrats stronf
ly opposed Mr. McKinley's motion K
take a vote on the tariff bill at noon
next Monday. the House on Thursday
adopted the resolution by vote OF 1si
to g. The reading of the bill consumed
abe remainder Of the session.
WAsHINGToN. May 16 In the House
to-day the tariff debate was resumed. A
number OF veral amendments were, on
motion Of Mr. Mckinley, made to Ia,
bill
Mr.. Mckinley offered an amendment
specifically including glass chimneys In