St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-24
MORE SILVER TALK.

The Senate's Time Occupied by
Three Silver Advocates.
WASHINGTON, Oct. 23.-The session
of the senate today was remarkable for
the lack of interes displayed. and the
dIllneSS which characterized the pro-
ceedings. Frequent conferences con-
Stituted the noticeable feature on the
Democratic side of the chamber, and at
one time Vice President Stevenson took
a seat on that side and engaged in what
was obviously an earnest consultation
with Senators Voorhees, and Faulkner.
The time today was occupied by three
advocates of silver coinage-Messrs.
Jones and Stewart, of Nevada. and
Teller, of Colorado, and but little atten-
tion was paid TO either.
The senate entered upon the twelfth
week OF the present session at 10 O'Clock
this morning. No adjournment having
occurred since week ago today, the
legislative day of Tuesday, Oct. II, still
continues,
MIR. Stewart (Rep., New gave notice
of an amendment which he intended to
offer to the repeal bill proposing con-
ference to be held at Washington with
in nine months between delegates of
the United States, Mexico, Central and
South America. Hayti and San DomIn-
go, for the adoption of a common silver
coin, to be legal tender in all CONNER
cial transactions between the citizens of
the countries represented i'll the confer
ence.
The house joint resolution for the
printing of 10000 copies Of the hearings
IAf hA a.l
means of the house was agreed 10. with
an amendment making the number
1900, to be
DIVIDED EQUALLY
between the senate and The house.
The consideration of the bill to repeal
the purchasing clauses of The silver act
of 1890 was then resumed, and MIR.
Jones (Rep., New entered upon the
fourth inStaIment OF his argument in
opposition TO the bill. Mr.. Jones made
an elaboration of the arguments he was
advancing when the senate tOuk recess
Saturday evening. At LOS D. III. Mr..
Jones remarked that he desired 10 yield
the floor to Mr.. Teller, of Colorado, eX-
pressing his desire to resume his speech
at another time.
Before answering the question which
was then asked him, Mr.. Teller said. as
TO whether he thought the government
of the United States could with the
coinage of silver maintain the parity be-
tween gold and silver, he desired to lay
down one general proposition, which
seemed to him to be necessary To the
conclusion he had reached. While
money was not merchandise or COM
modify i'll the sense that the term ''com-
modify" was used, its value was deter
mined by the law of supply and de-
mand.
Mr.. Teller then answered the ques-
tion by saying that the government of
the United States could maintain the
parity of the two metals, because he did
not believe more silver would come to
the country than its business would ab-
Sorb. In other words, the demand
would be equal to the supply. If the
whole world would return to the BIZ
metallISt condition existing prior to
1878, they would return practically to
the prices of that period except as to
those things as to which discoveries had
iesSened the
COST OF PRODUCTION.
Would the free coinage of silver by
the United States alone produce that
favorable condition." asked Mr.. Palm
6r.
II will not answer the question in that
;
United States alone might not do it,"
replied Mr.. Teller. The position
take is, if the United States proceeded
TO a system that recognized silver as
money in equal terms with gold, our
example would be followed by other
countries. and then the monetary syS-
TEN of the world would return to the
system that prevailed prior to the de-
| monetization or silver bv Germany, the
United States, the Latin union, ETC."
At34O Mr.. Teller announced that his
throat troubled him, and without con-
Guiding his speech yielded the floor.
Mr.. Stewart. of Nevada, then ad-
dressed the senate i'll advocacy of his
proposed amendment for pan-Amer-
lean conference. In the course of his
! speech Mr.. Stewart was Interrupted by
| Mr.. Dolph, who asked a question.
II am glad of the senator's asking the
| question" replied Mr.. Stewart jOyful!y,
las that is point L want to elaborate
| on"
This caused the first ripple of langh-
| ter during the day, and several senators
suggested to Mr.. Dolph that he with
draw his question.
You cannot withdraw it." said Mr..
| Stewart, amid laughter, and as he pro
ceeded to answer the question Mr.
Dolph disappeared from the chamber.
A bill authorizing the Chattanooga
| Western Railway company to construct
| a bridge across the Tennessee river al
| Chattanooga was reported and placed or
! the calender.
At 5 o'clock Mr.. Stewart, without con
| cluding his speech, yielded, and the
| senate took a recess until 1880 tomor
| row morning.
VIII Sell the Viking.