The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-28
NOT so BAD AS PREDICTED,
Senator Teller Now Says Colorado Is
PrOspering-OutlO for Silver.

Special to the Indianapolis Journal
WASHINGTON, Dec. Ex-senator Will
liam NJ. Teller, of Colorado, who was the
free-silver leader during the contest over
unconditional repeal In Congress recently,
and who has just returned from a silver
investigating expedition upon his own hook
in Mexico, after spending month at home,
does not take that gloomy view of the fu-
ture prosperity of the country that he did
account of the repeal of the silver-pur
chasing law He said to your correspond
ent to-day:
"Since Congress struck down the cause
of silver the people of Colorado have begun
to look about them for other interests, and
it looks as though their prosperity would
continue almost undated. OF course, the
closing of many silver mines and the slug.
gish condition of the silver market is
great setback to our people. but l think it
is only for time. We have agricultural
and grazing interests in Colorado which are
even more valuable than silver, and these
are now to be developed. We have got rid
of a good deal of our surplus immigration,
and that has been a relief. The idle miners
have ceased to become a burden. They
have gone elsewhere. If we could have
maintained our silver interests we would
have had just that much more, for were
on the verge of entering into the present
development of agriculture, etc"
do you believe we will ever have the
unlimited free coinage of silver?" was
asked.
Not during the official life of Grover
Cleveland" was the reply of the Colorado
Senator; but / am just as confident that
we will have free coinage under the next
administration which will be Republican,
as that the question will live When silver
was before the Senate al the extra session
l declared and proved that the depression
was in no wise due TO a lack OF confidence
ton policy of the administration and the
movements of Eastern bankers. L know
now that / was right. Mexico has free
coinage of silver, and she never was as
Sepate three months ago that it would be
but a short time before England would ask
for a renewal of the International none
tary conference; that the abolition OF free
coinage In India would ruin that country,
and her protectorate, England, would have
to adopt free coinage, at least for her de-
pendents All of that has already come
true India is suffering immensely, and
England has just authorized her to borrow
$50 100000 to meet her deficiency caused
by a depression growing out of stoppage
of free silver coinage i am confident
that il will be but a few weeks or months
until England indicates that she is willing
to negotiate on a free coinage basis, but
have no idea whatever that the President
would entertain such a proposition. He is
opposed to silver, is gold monometallist
and we might just as we'll defer any fur
Their silver legislation until get a new
administration The proposition of Senator
VOORHEES, In the direction of free coinage is
ridiculous. He knows that the bill could
not pass Congress, because Ii satisfies
neither the silver standard nor the free
il was passed President Cleveland would
promptly veto IT.