Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1890-05-15
NATIONS CAPITAL.
Interest Displayed BY Senators
in the Silver Bill.
The Committee Of The Hhols Consider
Glass lsd China Van.
Proposed Appropriation for the Trans
portatton OF Foreign Mails.

WAsHIxsrox, Nay l4.-Eiuunds intro
! dueed bill to establish the University O
| the United States and had It referred to ,
select committee Of nine.
! Hale from the census committee report
ed bill aufhorisi 'g the registry of the cen
sus mail matter. Passed.
The Silver bill, at O'Clock was taker
up. and Teller addressed the Senate. HI
disclainei any anxiety or any especial in.
terest in promoting prices of silver. save
and except silver was an American product,
and every American ought to have interes;
in advancing ils price. The people Of
Colorado had compafatively little interest
Ia advxncemenr OF the price of silver. be-
cause, although they produced . sixth of
the silver produced in the world, they did
not depend upon the silver product. The
silver product of the United States was in
significant in comparison with the great in.
terests of this county involved in the rehab-
ilifafion Of silver Is q money metal. There
vas in this country . general feeling (not
confined to any CLASSY that silver ought to
be used as money on equal terms, a. far a.
practicable, with gold.
Teller said that even il he was convinced
that the Window bill would put the price of
silver up TO 81 so an ounce. il would never
have his support. 1t Sas clear to him that
silver withou. its full recognition a, q
money metal would not remain at the price
at which it might be put. He said tha,
nothing would suit the Secretary of the
Treasury but the treasury note, payable in
commodity. 1t 10 the first time the .sstore
syste which prevailed in mining and
manufacturing regions, is proposed to be
applied to the treasury department of the
United States. A certain class of people in
the country, and some of them Senators,
said there was no longer any danger of get
ting on silver basis. Silver 10 to be taken
in as commodity, and put out a. q com.
modify. 1t has always been treated in the
treasury as q commodity And yet that
bill was said to be in the interest of silver
and that it ought to be satisfactory to
silver men if silver was put up to par.
Nobody, he said, knew better than the
men who stood behind that scheme that il
would not put silver TO par, and nobody was
more determined than those men that silver
should not go to par. He said the finance
committee, composed Of silver men (all ex
cept one), had presented another scheme
SAID to be an improvement On the Window
Uil. 1t did not have in it the obi ectionaple
feature Of pay ment of treasury notes in
goods. Was founded on some system of
financial policy. There was in it at least
some philosophy. 1t provided for the pur-
chase 81 100000 worth Of silver every
month, to be deposited with the ire ssury Of
,he United States as credit on which the
treasury notes are to he issued. Yet the
Senate was told the bill was in the interest
of the use of silver as money and ought to
be satisfactory 10 silver men, as it would
raise the price Of silver. If it is desired to
put the price of silver back TO what 1t was
in 1873 its money function will have to be
recognized.
Without concluding his speech, Teller
at 2 80 yielded to motion to 10 into ex
ecutive session.
The doors opened at 3 05. On motion
of Ingalls, the silver bill vas laid aside in
formally until tomorrow and the Senate
proceeded to business on the calendar.
The following bills among others were
passed; Senate bill creditiug Major Good |
loe, pay master of the U. s. NJ rine Corps, |
with the sums lost through the defalcation
Of his clerk; Senate bill allowing Rear
Admiral Jouett to be retired with the high
est pay and compensation Of his grade as
rear admiral; Senate bill to pay s205 to
the heir or beirs of John Howard Payne,
due on his salary as consul TO Tunis.
senate at 4.30 adjourned.