The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-09-12
IN THE SENATE.
Pugh and Teller Make Filibusterinx
Speeches Against Repeal.

Speeches Against Repeal.
WASHINGTON CfrY, Sept. >1i.-In the
senate Stewart submitted resolution for
a committee of i've TO report whether any
senator's are interested as stockholders or
ortherwise in any national bank. Hill
objected TO it on the ground that it was q
reflection on the senators, and il went
over till tomorrow.
The repeal bill was taken mp and Pugh
of Alabama spoke in opposition to 1t.
Pugh said If the Sherman law was re-
peaied to restore confidence among money
lenders the lion of discomfort among the
toiling millions would be awakened and
its roar would shake the continent IL
was the unalterabie purpose of the OPP
ponents of repeal to stand upon their con-
victions of public duty and fidelity to
pledges TO the people they represented and
who honored them with their confidence
on this vital question until their physical
strength was exhausted. Pugh said the
message of the president calling an extra
session was declaration In favor OF the
gold standard. He would never vote for
unconditional repeal, bns Mould favor any
substitute which carried out the platform
of the Democratic party.
Teller then resumed his speech begun
Saturday against the repeal bill. He as.
serted that if il had not been for precon-
certed efforts in the money centers to pre-
vent it, September 1 would have seen
better times in the finances of the country
than the people were experiencing today.
He had recently asked q gentleman of
national reputation when the panic would
be over. The gentleman replied: "When
the men who called IL on call il off. The
bankers of New York called il on: when
they get ready 10 call il off it will come
off," Teller said he would at some other
time give the senate his conception of the
cause of the recent distressed condition.
In his opinion IL was due to legislative
misconduct. Teller next directed himself
to stock operations. A New York paper
had published daily for some time the de-
probation in the value of stocks or de-
struction of values occssioned by the
Sherman law. as the paper said The paper
had finally got the amount up to 500 600. :
600. In his opinion . great many stocks
were selling on the market today for more
than they were worth. He cited Northern
Pacific, which he said had fallen from 10
to IL. Ii was said all the great owners
connected with it unloaded when ii was
20. That company has $3.50. 600. 900
of Indebtedness, s7s,00o. 600 held in
Germany. a great amount owned in Hol-
land and England. "Don't you think. I"
asked the Colorado senator. ''that when A
great corporation like that coliapses and
Is left with debt so great that Its most
enthusiastic friends can not hope il can
E~o In shfS /.
he disturbed as we'll as in Europe % TEL
Ter then spoke OF Erie. and said he did not
suppose anybody pretended that Erie
would ever pay out. He also spoke of
Reading and again asked If any intelligent
man believed that either Of the three great
concerns he had named was solvent. This
disturbance did not come from the sher.
man law; il came from the misconduct of
officials. The good stocks of the country
maintain themselves. with rare excep-
tions. almost at par, and many of them
above par, even during a crisis. IL be-
hooyes congress, when IL comes 10 legis-
late upon this subject, TO find the cause of
this evil and. if within its power, remove
the evil. He did not claim congress could
touch the condition of dealings in stocks: |:
ID was one OF the evils that had to be al
lowed to exist
Dolpn presented printed petition of the
conference of the Methodist Episcopal
church of Oregon for repeal of the Geary
act. The petition alleged state of affairs
Ga 10 that law which DoIph said showed
that much of the opposition 10 the law was
the result of ignoranee as to its provisions
and effect Referring 20 the bill recently
introduced in the house extending the
time for registering one year, he said he
would have no objection 20 its enactment
into a law II such extension was requested
by the Chinese government, or IL there
we're any assurance that the Six Companies
would permit Chinese laborers to register.
After brief executive session the Senate
adjourned
Nomination: Charles H. J. Taylor, Of
Kansas City. minister 20 Bolivia.
fChaFles Fl. j. Taylor vas minister 10
Liberia during CIeveland's fsrst term. and
Is n wealthy lawyer OF Kansas City. hsv-
ing been city attorney. He Was born 3
slave
Combinations: James C. Drake, OF
Washington, 70 be marshal Of the United
States for the district Of Washington. j.
c. Saunders. Of Washington, to be the
collector of customs for the Puget sound
district