The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-09-12
sENArE pRooERp1NGs.
rhe Day Occupied by Two Speakers.
Ssnntnr Teller Attnoks the Bnnkers.

The Day Occupied by Two Speakers.
senator Teller Attacks tho Bankers.
WASHINGTON, D. O., Sept, 1l.-In the
senate to-day the greater part Of the
time was occupied by Senator Pugh
eAla.) in opposition to the repeal Of the
Sherman law. He was followed by Sem
ator Teller (Col.), also against the bill,
who concluded his speech begun on
Saturday last. The silver men neither
Saturday nor to-day followed the tactics
inaugurated early last week Of insisting
upon the presence Of quorum, and APP
parently the feeling between the friends
and opponents of repeal is much better
than it has been heretofore during the
session. Both Mr.. Pugh and Mr.. Teller
discussed the question in a calm and
dipnified manner, and they were ac-
corded most respectful attention.
Mr.. Dolph (Rep.. Oregon } presented
a printed petition OF the conference Oh
the Methodist Episcopal church In Or
egon for the repeal Of the Geary act,
Mr.. Stewart Rep, Nevada submit
ted resolution providing for com:
mittee OF five senators TO ascertain and
report whether any senator was inter
ested as stockholder or otherwise In the
national banks. Mr.. Hill, OF New York,
opposed the resolution on the ground
t6at it was uncalled for and unnecessary
and reflection on senator's. The reso-
Intion heinV obiected to went over until
tomorrow. /,
Mr.. Teller in his speech asserted, and
he believed it could be demonstrated,
chat il It had not been for preconcert-
ed effort in the money centre OF the
country to prevent 1t, the tirst OF sep
tember would have seen better times IN
the finances OF the country than the
people were experiencing to-day. II
was admitted now BY all the great fnan-
cial authorities OF New York that the
panic was over. He met one day re-
centlya gentleman Of national reputa-
ton and said to him, "when will this
panic be over.?"
men who called it on call 1t of The
bankers Of New York called it on; when
they get ready to call 1t of It WIZ
come off,"
The calllngof Congress did not relieve
the country; in fact the condition be-
came worse from the time Congress was
called in extraordinary session.
Mr.. Teller said he would at some other
time give to the senate his conception
OF the cause for the recent distressed
condition. In his opinion 1t was due to
legislative misconduce
M. Teller next directed himself to
stock operations. A New York paper
had published daily for some time the
depreciation in the value Of stocks or
the destruction Of values occastoned by
Che Sherman law, as the paper said.
The paper had finally got the amount
up to 500, 900, 900. In his opinion q
great many stocks were selling on the
market to-day for more than they were
werth. He cited Northern Pacific,
which he said had fallen from 40 to u.
Il was said all the great owners con-
nerted with it unloaded when y was ~.
That company had $3.50, 900, 900 Of In
debtedness; S75, 100000 held IN Ger
many, q great amount owned IN hol'
land and England,
''Don'ty you think" asked the Color-
ado senator, "that when great cot
poratIon like that collapses and is lett
With d debt 90 great that tts most en-
thusiastic friends cannot hope taas "