The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-08-30
J. &J.DOBsON,
z EdoN I'1IIT SVTO
dO-i. West 18th 81.

| Formerly 1O-i. West 18th ST.
there was heard one cheering note. That note
was the voice OF tho people calling upon Dem
| ocrats TO redeem their pledges. 1t was tho 1
popular demand Tor the repeal ~ the sherman
Stable ~" ana III tSs S "IitS a . %%s Ds%
ncratic party had made TO the people tour dis
1Thcy were: I" rci"Tr, the tarin. 10 repeal the /
| sherman aw. to plac" gold and silver on IN
| banks.
Coupled with those promises th"re, had
| turn out the fcpnDicans and turn the Govern:
ment over to the Democrats The people had
ton. nni turned out tho l:enublicans and had
turned the government over TO tho Democrats. 4
And now. with ANXIOUS. even, ag"nizing sus-
pense. the people looked t. Demncrats to see
what they wer. going t. DO Il, Their was no
ort" repu. iiatc It's pledges.
The pledge rs to tarifI reform would doubt
peror cripple tho industries OF the country;
not , SO as +" a" nhs'rnet,ons in The p1tnwsy
better disposition. y wiser adjustment Gos-
sibly 10y iree raw materials, TO- ''n maniac.
the common people. and thus to benefit alL
For The luke Of the great party to which he
might uetruthluily said Of the pl.dge of iluan-
eial reform and r he believed that as much
repeal repeal the SHERMAN law W." WHY. he askei. hais
between tw" opinions: Why hesitate between
| friends of himetaism none more ardent and i
| sincere than HIMSELF were strong enough in y
psana III" Tia" ssnS GS%'%R; .@S
to enact bimctaism in an :ndercnient mill 4
foe Of bmetalism As a true friend or bis
metallism. firmly convinced of its vitalizint
Whole country he np nt Tor tie ' uncondp
| tional repeal Of the sherman law He declared
%s5 It. nHre s" IN III
With the uncomrromisinE attitude OF TIL
| Sherman w, Il
| the Senate on the substitute reported from the
n'e " ani To1 tina" %VGss he
could not support the substitute. II the Sem
ns to epsa Mile M Haase
that ratios and plans Tor parity should come
aee to With which ali
pured. 1t would involve additional delay: and.
d ss n S"%,SH ri the
Congress- delayed. Southern cotton was seek- I
m sna Win Sw e
few hours ago. had descended far below tko,i
set in motion in the other end OF the Capitol
the pr, price cot Of cotton Would again descend ne
forany measure that involved additional delay.
Mr. Gordon in the e., s,oncudins portion q his
cent. tax, on State banks. He said that It was
atsoIutely, certain that the States might be
be. trusted with q larger shire OF responsibii-
ity in financial operations de was quite cure
the last Congress had repra ed that tax at ,itss
first session Georgia would have adopted .
bic Of ACCOMPLISHING all the purposes Of do-I
mestic trnde. and the panic would have beens
Mr. Teller rep. coz addressed the Senate
In argument to prove that the sherman law ~
the, country. Almost without exception. het;
said every one who had addressed the Senate
s,%tss lie waited to enter lis protest against
The people of the United States were still
alive The sun was still shining; The eoan.
adjourned last March, There was no. reason
for any man to say IN the Senate chamber thats
ordinary disaster There might be. and there
undoubtedly was. n financial strinGency. But
United States had faced a financial ,strin-
gsency. or. in common terms. a panic Was its
Was it more irirhtfui In character than ordin.
airy panics? ,Ho denied It, There was a dis
tor; and it seemed to him that the first thinGg q
to do would be to inquire what brought itg
session. he had not heard body suggest AMI
yoSosv r tine
as to whether the cause was or was not the
shermnn net to-, iie could not see how the issnsi
chase Of silver bullion. could have brought
anout the existing distress. Il the GoySrn-
the sea. It would have had no influence on the
finances OF the world and the s1isting dis
been no orical attempt nj to on the floor Of the
senate and there would not be any to showx
VICE he "W was
Mr. Teller CHALLENGED any Senator to tell thel
he that eSpe
the PANIC because they were afraid OF theixl
money II he did, he would d, be under md o6ltgn
people had exhibited fright and fear Of theirl l
m ,P Tre had the
least Sl5O.OOO.oOO by men who were dissavts-f
fled with the present condition OF things. Thext
had taken out their money and had put ~
away: but they had not demanded gold. They
sR0f the they T 9ns
cha ii lSnasd The ,tanks to show that apyl
bank depositor had demanded to be paid
rspo sey tne TreasSry mHes
Would sn9w tn.t nd hTs psSps
been in the city q Denver when four banks
asked the Eeople what tho trouble was and he
been told that there,is to be q ayr great financial
n when we want it and we think it bsss
Teller said had emanated from the New York I
poiitrn papers lad been followed BY Ill the
small papers Of the country None Of them
These misrepresentations and false state-i
ments had brought about a state OF things,
Which could be brought about in any country 1
and at any time by such means and agencies.,
. MIR. Teller went on Mt great length TO discussi
the course taken by tho New York banks In re-l 4
fusing to pay their depositors checks In cur-s
rency aud In trying to work up pu blic opinions 4
quoted reported Interviews with the Presidents 4
and Secretary Carlisle and criticised the vlewSf
had never been denied. that the people OF the
United States needed an object lesson, and 1
were going to get 1t.
At 1870. without concluding his remarks he
yielded for motion to proceed to exeeutivel
business. and afterward. at o:l5. the SenAt5l
adjourned till tomorrow. II