The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1891-01-07
THE FINANCIAL BILL.
Mr. TELLER MADE A LENGTHY Ao-
DRESS FAVoRINo FREE COINAGE.

He Docs Not Bi a,ue the Favmers for Max
ing Themselves uenr>i Last NoVem-
lators-Mr. .MorriIi Thinks His silver
Friends Arc Asking Too Much-Not
Money Thath Wanted 80 Much as tho,
RestorNtion OF Credit
WASHINGTON. Jan. 7.--When the sen.
ate was called to order Tuesday there
were only six senators in their seats.
After the prayer Mr.. Edmunds sarcastic
cally moved u recess for thirty minutes.
But seventeen, senators responded TO
their names, Oh. Mr.. Edmunds' motion.
After the lapse of three-qumters of sn
hour, however, q quorum appeared, and
the journal was read and approved. The
senate then resumed consideration of
the financial bill and was addressed by
Mr.. Teller. He said that he knew that
in voting to .displace the election bill he
would renew the ISLANDERS that had been
perpetrated for the last eight or ten
months to the effect that the friends of
free coinage of silver had entered into
an alliance with the opponents of the
election bill FOR its defeat in return for
their votes in favor of free coinage.
There never was more unfounded
SANDER published than this. Passing to
Mr.. Sherman's speech, he declared that
it was a composition of nothing butias-
sertions as TO what would follow the
passage of the pending bill. The sena-
tor from Ohio, he said, had "a wonderful
facility of being on
All Sides of All Financial Questions.
Mr.. Teller said that the farmers, had
made themselves heard last November
to his regret and the regret of the sena-
tors on his side Of the chamber. They
had been found voting almost unani-
mously with the Democratic party be.
cause of their dissatisfaction with
| Republican management of financial
affairs, and for one he did not wonder
| at it. Referring to the section of the
bill providing for the purchase of 12,;
| 000, 900 ounces Of silver, Mr.. Teller said
he washed his hands of any RESPONSE
bility for that. He had no sympathy
| with men who speCulated in silver.
| Mr.. Morrill, said he was one of those
| who had never believed that GsoCmp'1ta-
ton in inflated money would add to
riches, or that cheap standard of
money by which to buy would not be q
cheap standard by which TO, sell In
view Of
The Late Financial Eanic
in New York and of rather popular
demand for some increase of the cur
rency he had been willing to stretch a
point in order to keep up with the sena-
tors from Colorado and Nevada. But
appetite grew by what il fed u3on. 1t
appeared to him that his silver friends
were asking too much. He thought that
the provision for an issue of per cent.
bonds to take up bonds bearing much
higher interest ought to have found
more favor. Mr. Molrin went on to
argue that it was not money that was
wanted so much as the restoration Of
credit. Public faith in the financial
4 system of the CoSirtry had beeI
paralyzed The country was now
threatened with either legal tender
fiat paper money on with free coinage
Of silver. 1t thus stood
Between the pcvil ard ts,r Deep Sea.
Mr.. Vest argued IN favor OF free coin
age of silver. and went on TO allude K
the statement thas ne had received ;
letter from GxPresDlent Cleveland re
canting some of his views on the silve,
question. and said II lat that WAS "a mer
hgment Of imag tnCtion, coming froJl
some newspaper : sOurce and that
had not the slightest foundation. Al
that he (Mr. NeSCl had eveE said wa
that he had reaGor, to- believe that Mr.
Cleveland had, after further examina
ton, modified " some extent his opinioI
in regard to the free coinage of silver
At the close Of Mr.. Vests remarks tn
senate went into executive session. A
4:2O the doors We're opened and the SCI
! ate adjourned.
Procesding- in the HOuse.
: The house passed senate bill for th
T | relief of the sureEies of Geo. w. Houl
of California; bin to limit and Cover
, the changing Of vessels names; bill r,
, | quiring vessels to display their name
on both sides OF their bows. Ny Dingle
called up,b1ll aepealing the law authori
/, ing the president to suspend Tomas
duties, and after some discussion the bi
a was passed.. Mr. ParquhSry of Ne
York, moved that the house go int
committee. of the whole for the coI
sidersion of the shipping bill. M
Burrows, of Michigan, taking the cha
and Mr.. Wheeler, OF Alabama, beir
accorded the floor in opposition to Il
d measure. He opposed ID, he said, b
}, cause' II took still more, from the han
!, earned money Of the farmer and IL
laboror Mr. Herbert, of Alabama, sa
:, that All organized lobby had been
. work for ton years to press this b
y through, aud il was here now because
saw its last opportunity for years
r COME. Pending a conclusion OF NJ
l. Hef'Derts remarks the committee 70
5, and the house adjourned.