, 1892-01-07
GOES AFTER HARRISON.
Senator Teller Criticises His
Utterances on Free Coinage.
He Makes an Able Speech in
the National Senate
Lower House Sits Down on
Ridiculous Appropriations.
Senate.

WASHINGTON, Jan. 6.-After quoting
a sentence from the presidents message.
to the effect that a bill had been expected
to bring the price of silver up to 1929
per ounce, Senator Teller challenged the
executive for the good of that statement
and asserting that only one senator
(alIuding to Jones OF Nevada) had init
mated the act OF 1890 would bring silver
up to par.
On the other hand. more than twenty
senators asserted it would not bring silver
to par. If a disaster came, as it would
come If that policy was persisted in, it
would have to be laid at the door of men
vino for fifteen years had steadily resisted
the general public demand for the use oil
silver on equal terms with gold. But
there was another proposition coming
from the executive.
What was it? 1T was that the United
States should accumulate all the gold OF
the world and tine money centers of
Europe would say the United States hav-
ing got all the gold they would join the
United States in the work OF using sill
YER" Coming as it did, from the ex
ecutive OF the nation. he (reller) was
bound to speak OF 1t with respect what
ever he might think or feel. How was
the United States to accumulate the gold
OF the world2 Why, even when this
country had an abundance of crops and
was enjoying great prosperity, gold lett
the country at the rate of a million dol
lars a day.
The United States was a debtor nation,
owing to Europe more than 81. 600. 000.-
000. How wos the United States to get
Europe to unload her Golfers and send her
gold here. Senator Teller referred to the
TACT of the president having sent a New
York banker (Seligman) to Berlin in con
nectlon with the silver question and said
the president had not selected for that
trip a prominent silver man. He (Telier)
could name twenty men in public lite
who could have gone to Europe and made
a report that would have been of value,
but no such report would be gotten from
bankers or monopollsts.
he entered a protest against the decla-
ration OF the executive and the senator
from Vermont that the silver men were
responsible for the legislation of 1890.
Every American statesman ought to
direct his attention, he (Teller) thought, to
see how the two metals could be tied
together so they never could be parted.
That could not be done BY having silver
put down to fifty cents an ounce, nor could
1t be done by accommodating gold from
Europe. 1t could only be done by taking
a heroic step and passing a free coinage
bill in the hope that it would bring the
world to the American policy or else lead
to the international agreement.
Senator Dolph sent to the clerks desk
and had read an extract from a speech of
Stewards to the effect that a purchase by
the government of $500, 900 ounces OF
silver per month would use all the silver
produced in the United States and put
up the price of silver to a par. Stewart
admitted this prophecy failed, but pleaded
that the conditions had been changed and
it had been proven that nothing would do
but free coinage. No action was taken on
the bill and after a short executive ses
sion, the senate. out of respect to the
memory of the late Representative
Gamble, adjourned.