The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-10-28

TIE NEXT AMENDMENT.
Mr.. Perkins (Rep., CAL, then offered
the amendment OF which he had given
notice on October II. 1t provides for
the coinage of American silver at the
existing ratio with seigporage charge
OF 90 per cent. No gold pieces Of less
denomination than $40 are to be coined,
and no legal tender, national currency
or treasury notes of less denomination
than s. are to be issued.
The holder OF any standard silver dol
lars may deposit the same with the
treasurer or any assistant treasurer OF
the United States in any sum, and re-
ceive therefor notes OF denominations
less than $40 only, which notes shall
have the same legal tender quality ms
the coin for which they are exchanged.
There is to be appointed commission
OF five monetary experts, the members
whereof shall not be otherwise connect
ed with the government whose duty 1t
shall be to keep congress and the eXecu-
tive advised on all necessary matters
relating TO the currency.
Mr.. Perkins explained his amend
ment, and said now that the slack water
OF debate had come, amendments could
be discussed and considered dispassion'
ately.
Mr.. Stewart, Rep, OF Nevada, called
attention to the change OF votes on the
part Of NIessrs. VOORHEES,, Gordon, Ran
som, Hill, Mills, Turpie and Squire on
the silver question, who last spring
voted for free coinage, and now OH Mr..
Petfer's amendment voted against it.
Mr.. Allen, Pop, OF Nebraska, express
ed regret at what might be called back
down" to some extent upon the part oil
the advocates OF silver.
Mr., Teller, while not iavoring hereto
fore proposition to coin only silver OF
American product, as that savored OF
class legislation, said he would vote for
the Perkins amendment as it was better
than the proposed act.
Mr.. Teller went OH to speak with
great bitterness OF the desertion OF the
clause of silver by Republican senators.
He said the present controversy ought
to have been settled by concession.
TELLER's FEARS.
"To me, this is the most terrible mo.
ment OF my legislative llte,' salu Mr..
Teller, with much feeliug.
"To me it brings more fear than any
other since entered public life. l fear
that we are entering upon n financial
system from which there is no escape.
I'know there will be no favorable legis-
lation for silver until the American
people are heard from at the ballot box,
and in way that will compel attention
to their desires.
"Mr. President, am not pessimisti
I never have been; am an optimist. l
have never seen disaster ahd distress
growing out OF politics simply because
they did not meet my approval. lhRve
had faith in the American people"
Here Mr.. Teller's voice choked and
tears came to his eyes. He spoke most
impressively, and was accorded the un.
divided attention OF every senator and
the large audience in the galleries.
81 have faith in men. l can see the
silver lining in cloud as quickly as
any man living. There never is storm
so dark that l cannot see the coming
light on the mountain top, but | cannot
contemplate this condition OF things
withour absolute terror 1t strikes to
my very soul, aud l want to enter this
as warming to the American people,
that if they do not now resist they will.
enter upon system OF industrial slavery
that will be the worst known to the
human race"
Mr. Voorhees, desired to secure vote
on the Perkins amendment. But rs Mr..
Walcott expressed wish to submit
some remarks, he moved that tho SEN
ate take recess until II o'clock to.mor-
row morning. The motion at $40
o'clock was agreed to.