Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1891-01-09

WASHINGTON, Jan. 8. Tha senate WIS
/ called TO order afte, the lapse of three
/ quarters of an hour, a quorum having ap-
pearcd.
I 4 communication from the secretary Of
! the treasury. asking for an appropriation
of $4,000 for the repair Of the govern
ment building at Chicago, was laid be-
fore the senate and referred
The morning business having been con
! ciudad the senate resumed consideration
of tie financial bill and was addressed hy
Mr.. Teller.
Mr. Teller said that he supposed the
SANDERS that had been perpetrated for the
last eight or ten months woutd be renewed
TAT least outside of this chauherl, to tue
effect that the friends of the free
coinage Of silver had entered into an ali-
| ance with the opponents of the election
! hi for Its defeat in return for their notes
in favor of free coinage. There never was
more untounded SANDER published than
this.
MIR. Teller proceeded to criticize MIR.
sherman speech winch he declared con-
sisted OF an assertion as to what would fol-
low the passage OF the pending bill The
senator from Ohio had declared that the
country was on gold basis The senator
had attempted to put the country on hat
oasf> but had been unable to do 80. The
senator had the wonderful! faculty of being
on all sides Of all financial questions K =
terling to the condition of the American
farmer and showing If TO
be- much less pro porous than
that of the farmers of France. Mr.. Teller
said that the farmers of America made
themselves heard last November to his re
gret and the regret of the senators on his
side of the chamber. They had Dsen
found voting almost unanimously with
the democratic party. Why: They had
not changed their politics. but they had
been dissatisfied with the republican man.
agemeut of financial affairs. ana for one
he did not wonder at it. He had tried
last year o have the senate listen 10 their
voice. He knew that they wanted the
free coinage of silver. Proreading to dis
cuSs the section Of the bill providing for
the purchase of SI2.0O00O0 ct silver.
Mr.. Teller said he washed his hands of
any responsibility further. He had no
interest or sympathy with the men who
speCuIated IN SILVER. He denied any
knowledge of an alleged SILVER pool.
The pending bill was not brought for
ward in the interest of silver states If
the $l2000.000 in silver were ia the
hands of the miners of Colorado there
would not have been anyone to buy it up.
but It was in the hands of the
political and financial circles of
New York and that VS. the reason why
there was so much anxiety ,tI55ut il IN eaaF-
tain quarters. The proposition had come
from New York and not from the silver
states. They were indifferent about it
and they We're indifferent to the price Of
silver as single question. They had
some interest of course, in putting up the
price of gold or any other commodity which
they produced; hut their great interest IN
the question was that if silver
should be used a. money. He opposed the
further section of the bill which provides for
the issue of 200. .O0D, 900 two per cent bonds
It was, Mr.. Teller asserted In the interest
of two classes Only-the silver spectators
Of New GoI k and the banks Of the country.
It absolutely ignored the people Of The
United States and their demands for more
money. He alluded to the silver act of
the last session as a mere makeShIft and
said there was hut one sure method and
chat was the free coinage OF silver
Mr.. Sherman said that he would at some
future time reply tc Mr.. Ieler's observa-
ton. but did not care to do so now.
Mr.. Morrill, then addressed the senate
in view of the late tinancia! panic in New
York and the rather popular demand Of
some increase in the currency, he bad been
willing to stretch point in order to keep
step with the senators from Colorado and
Nevada. But the appetite grew with
what it fed upon. Ithad not been enough
to assent without whisper
to the purchase of Sl2.00O00 worth of
foreign silver. supposed to he in the hands
of spectators. nor assent to the provision
for the Issue Of treasury notes to the ex-
tent of SlS00O0000. to the purchase of
silver bullion; but it was proposed, when
ever the nlaket price of silver bullion
shonld be a dollar or over for 81 4 grains
of pure silver, that the purchase of silver
should cease, and that the free coinage of
silver should take the place ana yet all
these propositions tipped with
the silver promised, Mr. Morrill, said
was no inality, but were to stretch out
to the crack of doom. He was and ever
had been sincerely and heartily disposed
to support any fair and reasonable measure
tending to advance the market value of
silver but it appeared to him that his sill
yer friends were asking too much and he
had to halt before plunging into the shore
less. ana DOJtOmlbSs Hcd. One OF tnt most
potent instrumentables in the march of
civilization was honest and unaiterahle
sUandary of money.
MIR Vest argued in favor of the free
coinage of silver. He replied to Mr.
Merrill and in the course of his remarks
alluded to the statement that he had re-
ceived letter from ex-President Cleve-
land recently and some Of his views on
the silver question. a. not having the
slightest foundation. All that he Vest
had ever said was that he had
reason to believe that CIeve-
land had after further examination
modified to some extent his opinio in re-
gard to the free coinage of silver. As the
alleged combination between the demo-
cratic senotors and the silver waters he
denied its existence. At the close of Mr..
Vests remarks the senate went into
an executive session and soon adjourned.