Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-09-12
CAPITAL DOINGS.
Senator Teller Resumes His Speech
Against Repeal,
THE GEARY LAW SUSPENDED.
The Mexican Trouble Rnded.-BeYenuG
from whisky and Tobacco
Combinations.


against the repeal bill, assorted that II
It had not been for preconcerlod efforts
In the money centnrs TO prevent ",
September lat would have seen better
times In the finances Of the country
than the people were experiencing to-
day. He had recently asked gentle
man Of national reputation when the
panic would be over. The gentleman
replied;
call u OF. The bankers OF New YORK
called Il on; when they get ready 10
call Il OIL II will come or"
Teller said he would ut some othef
time give the Senate hle conceptions OF
tue cause OF the recent distressed Coz
ditiou. In his opinion Il WAS uuv 10
Legislative misconduct.
Teller next directed himself to ttook
operations. A New York paper had
published daily for some time the de'
prooiatlOn In the value Of stocks, OF
the destruction Of values occasionod
by the Sherman law, as the paper said.
The paper had finally got the amount
up 10 t70O, 10000 In his opinion a
Rieat many stocks were selling on the
market To-Day for more than they were
worth. Ha cited tue Nofthefu
Pacific, which, he said, had fallen
from ~ IL. IL was sniu that all tue
great owners connected with II unload
Ell when n was 10. That company had
$3.50, 900, 900 OF Indebtedness, $4,000
900 held Ia Germany, u great amount
owned In Holland and England.
"Don'l you think" asked the Colo
RADIO senator, "that when great
CORPORATION like that oollapsef, and Ia
LETT With debt 10 great that Ia most
enthusiastic friends cannot hope II can
ever pay, that tho finances Ia this
country might be disturbed, rs well rs
Ia Europe2n
Teller then spoke Of the Erie, and
said he did not suppose anybody pre-
tended that the Erie would ever pay
out. He also spoke OF the Reading, aud
again asked n any intelligent man be-
lieved that either Of the three great
concerns he had named were solvent.
This disturbance did not como from the
sherman law; II came from the mls.
conduct OF the officials. The good
stocks OF the country maintained them
selves, with rare exceptions, almost
Mt par, and many OF them above par,
even during the orisis. IL behOvea
Congress, when 1; comtH TO legislate
upon this subject, 10 lind the cause OF
this evil, and II within Its power, re-
move the evil. He did not claim Con.
gress could touch the condition Of
dealing In stocks; that was ono Of the
evils that had % be allowed to exist.
FoR THE REPEAL OF THE dEARY Acr
DOlph presented n printed petition oil
the conference OF the Methodist Epis'
copallan church OF Oregon for the
repeal Of the Geary act. The petition
alleged n state Of Atiairb AN 10 that
law which, Dolph said, showed that
much OF the opposition to the law was
the result OF Ignorance as to ita provis.
ions and effect.
After q brief executive session the
Senate adjourned.
THE END IN sIdnT.
WAmuNuTOs, ID. q. Sept. H.
While the outward appearances indi'
cate that tho situation In the Senate ID
unchanged, anu the debate on the re.
peal bill may continue indefinitely,
there are facts apparent 10 the inl-
tiated which 90 to show tho end II In
sight There " strong probability
that the Senate will b. either ready 10
adjourn or take up other legislation by
the lat OF October. Few even Of the
staunOhest silver advocates any longer
claim a majority In the Senate, but
they are hopeful OF procuring the
adoption OF an amendment which will
give recognition In some form 10 silver,
and thus avoid the necessity Of taking
vote upon the repeal bill as II stancs,
THE uEARY ACT TEMPORARILY sUs
PENDED.
WASHINGTON, Sept, ll.-AtloEney
General ulney Inns instructed the
United States msrshalH to tAko nc
further steps for the enforcement Of tn,
Geary law, pending specific instruc.
lions to the CONTRARY from Washington
These Instructions do not apply, now,
ever, TO Chinese already Ia progTVsi
of deportation by due process Of law
TIE MEXICAN TROUBLE ENDED.
WAsHINuTON, ID. g., Sept. H.
For the present, at least, tho trOubl,
growing out Of tho seizure OF 300t
sheep by the Mexican custom otiiciali
on what IL claimed to be Texan sol
has been brought TO an end. AiteI
Secretary GGosham aud the President
had several conferences over the mat.
tor an agreement was reached by
which II was decided TO authorize
Major Keyes TO surrender the Mexican
officials. This will leave the sheep In
the possession OF the owners.
SILVER PURCHASES.
WAsHuNoIoE, Sept. ll.-Thore wa.
offered Tor sale 70 the treasury DEPART
meul tOuay ORG 600 Oupupa of siiVDf nj
.76f 10 10. or this amount III 900 ounces
were accepted nj .75l.
DEARER WHISKY AND TOBACCO.
WAHIINGTON, Sept. ll,-Secretary
Carlisle tonight made public letter
received from David A. Mells, the
well known Democratic tnriti reiofmer
The letter recommends the imposiliOn
Of the maximum Internal revenue Ta,es
on distilled spirits, malt liquor anu
tobacco. Wells, In u table, shows that
tho revenue from those articles for
the year ended June 80,h was $751;
100000, ana under his plan the revenue
would be s2l5, 900, 900.
sENAToRIAL CONVERSATIONS.
WAsHINGIOs, Sept, il.-Tue follow.
Ing, amOng other nominations, were
confirmed tOdRyi James q. Drake, OF
Washingtou, marshal OF the UniIou
States Tor the District OF Washington;
John q. Saunders, OF Washington, col.
leetor OF customs for Puget Sound Dis,
trict.
The Pullman Plant In Hanger.
CmIcAGo, sept 1.-THE plant Of