New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-04-25

First race at . 10.
SENATOR TELLER on SITTER.
ASSERTING THAT he IS NOT BY ANY MEANS
ALONE IN HIS POSITION

washington. April OF (Spccian. senator Teller was
asked for an explanation of his position relative 10 The
Silver bill and how il is that he Is ionnd apparently
alone In the contention which he makes for free
coinage etc. as manifested in the conference between
the caucus committees Of the two houses,
His reply was that. in the first place he Is not pN
any means "alone7 in his attitude upon IN" silver
oucs,ionas matter Of fact he expects {" be strongly
Summarized: that there will be caucus agreement
upon any silver and that the contest D'"cN
the opposition elements will hc fought ont upon inc
floor of each house. In explanation Of his Ir''i'io"
senator Teller today said:
Retwecn 1867 and 1873 most determined ''ort Wa
made by the men holding money and the credit q t
world 10 appreciate The first apparent suc''-
IN that direction was the dcnonet7aon o. silver by Ger
many; the second victory Wa when they secured u''
decentralization Of silver y tho United State Az ono
truIphs were and Inevitable results - n
victory. victory complete and their power sN'
nrene with the decentralization in United stat. bat
the dire effects were at fist few ni'lg n,
eeonon,sts mainly In Europe protested against The act
but OF who were njurously Affected by It
did not realize condition 70 which the nnancA
world fastening each and each month hi railing
prices by decreasing opportunities Tor brain and Drawn
anu BIZ general dsnclinaton 70 Invest IN productive eni
prises but 70 make loans instead % Investments r-
eral demand for all classes Of securities. whether public
private. that could in the n1ur" Of thing, h' dis
charged only in money. afforded ample T-oo that some
agency bring about unnatural order ~
things and such condition not the result OF i'
natural laws OF trade and commerce.
The appreciation Of money thus astiuly contl'ci is
admitted by rnonometalsts and luet1t, l.r o h4t"
from 35 70 40 per cent II 81 1t has added 70 an
debts both public and private fof II" r"'h Oh ''
creditor class than 80 per cent. II 30 per cent
has added twohiios II the appreciation - - pet cent
every dollar Indebtedness has been ncfn-i - - d."
II 40 per cent, every dollar has been increased T. - Co.
The struggling under the legislative Increase "''
bravey attempted 70 pay; but finding themselves ''
now demand relief The demand Is lust on" ana n 10y
Judgment be only by the Generalization " ~"f'i
All the world has been disturbed by Tho crime 81 o.
monetizaton and all except the creditor clas are d''
ing 10 the Old order OF things by iui i''"-''
Of silver a money metal.
II any one supposcs that the men who hold the money
and own tho debts world intend Z, surrender '
advantage they hold the history o. th" lat siN M"'
affords proof TO contrary. AL admit the necessity i'
more money in hi, country can show s'' o"i
way 1t than through tho Use q s..sf 4"' ''
emles % silver compelled admit that j. cannot h'
dispensed with, but with accord oy opo'' an' ann
every effort looking toward securing 10 u Tine f rc'
milton Of It's money be treated a bi''
metal be subor1lnatrd % god. II ID must h'
basis Of circulation. ruch must b. 9n"'"i
opportunity to degrade H. and pos DID" declare 20 go
weird that II Is not money ard that uc Nation pi'a",
most 10 does intend % u-" 10 a. money! inc
denial OF its money function b. tc refusal to mint IT, b'
paying a commodity, f. a.! rat the most extreme
mononetallist demand and That the AdmIhiStHu'"
makes the principal feature Of It, system.
Then, told, 81 T. necessary for me a. ls'pHhA''
harmony the Admins ation on thu subject
that must only DEGRADE silver but must abandon
my wcllestablished View, finance, u aei'e u inc
Illogical and unIhioophica procedure bccau-" u' S''''
tary OF the Treasury has promulgated sf''m "h'" IT,
calls administrative measure. must JON ia Ie'f
degrade and dcbasc silver and render our opI"
sitl0n enemy silver still conspicuous thah
before Thi, DECLINE 10 de-.
Mr.. Teller today introduced the following bhI a.
a substitute for The Jones Silver BILL now on The sen
ate calendar:
That person deposit at any mint or assay once
n, the United States either gold silver bullion or DOTH
in quantities Of less than five Of goa OF 'Sh
ounces OF silver and demand and receive com OF com
certificates therefor at the rate OF al in coin or c'rt
for % $40 grains, Troy weight OF standard S"u anu i"
the rate Of II In certificate for 4i2ia grains Of S'aoi
silver That the coin certificates provided for IN uh'' ''t
shall receivable for all taxes and dues to the '"'
States every description and shall De a"iui "l'ucr
for the payment Of all debts. public and private
Sec . That II shall be the duty OF the SECRETARY u
the Treasury 10 cause sufficient number OF com o'I
Gates Of the various denominations hereby authorized "
h. prepared and distributed among the United states d'
postaries enable them comply with the provisions
NJ this act and the Of $4,000 is hereby appopou
~ enable prepare and distribute said certih'aeS.
Sec g. That this shall effect thirty days aiter
~, massage; $50 900 appropriation however to be I'M
rnediately available
(For other Washington News. see Third Pd0eJ