Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-09-16

the administration insisted on unconditional
surrender, that Senator Vest was now the
angriest man against the administration that
could be found In the country and had threat
ened TO Join In delaying action.
Mr. Teller yielded to Mr. Vest dom, MOI,
who said; "If there is any ultimatum coming
from the president II is not known to myself
nor to any OF my associates. However much
we may differ from the president none OF us
shall ever come 10 the degrading conclusion
that he will send message to United Ststes
senators seeking TO control their action AS TO
whaS is stated in regard to my action about de-
10y II is simply and Internationally false and
the product OF newspaper Imagination melted
by newspaper rivalry
Mr., Teller then made some sarcastic
illusions to what "purported TO be q telegram
from the president of the United States to
member of congress congratulating him and
his associates on the passage OF the repeal bill
by the house OF Representatives The
speaker wanted to know, lin well-feigned
ustonishmenU Il anybody could tell him
that 1.-THE president of the United
States was guilty of that gross breach OF
public decency2 Why, of course It was q news
paper yarn aud u newspaper falsehood, The
president Of the United States attempting
to procure legislation, having carried it
from his summer home ut Buzzard's
Bay. sent his thanks-we are told
to Mr., Wilson and his associates Incompre-
hensiblel Impossible! What further need do
you require OF the mendacty Of the press?"
Mr. Teller then addressed himself to the
Sherman act, alleging that under 1t for over
two years the country had been prosperous
and that its only influence had been beneficial
Before the conclusion of Mr. Teler's remarks
the senate adjourned
On the llth Mr.. Pugh dem. AlaJ spoke in
opposition TO the repeal bill. He said it was
the determined and unalterable purpose of the
opponents of repeal to stand upon their con-
victons OF public duty and fidelity 10 their
pledges to the people whom they represented,
and who had honored em with their conn-
dence on the vital ques ton, until their physical
strength was exhausted
Mr.. Teller rep, COLI resumed his speech
againt the repeal bill He asserted and he be-
lieved ii could be demonstrated, that Il IL had
not been for preconcerted effort in the
money center of the country to prevent
IL, the lst of September would have
seen better times in the finances of the
country than the people were experiencing TO.
day. The calling OF congress did not relieve
the country; in fact, the condition became
worse from the time congress was called in eX
traordinary session Mr. Teller said he would
at some other time give to the senate his con.
ception of the cause for the recent distressed
condition. In his opinion it was due to egisla-
tive misconduct.
Mr. Teller next directed himself to stock OPP
eratlons a New York paper had published
daily for some time the depreciation in value of
stocks or the destruction of values occasioned
by the Sherman law, as the paper said
The paper had finally got the amount
up to 100000 900 In his opinion great
many stocks were selling 'on the market
to-day for more than they were worth. He
cited Northern Pacific which he said had
fallen from 20 to Il 1t was said all the great
owners connected with 1t unloaded when 1t was
~. That company had Ss50,C0),U00 OF in
debtedness. 5,OOOOOO held in Germany;
q great amount owned in Holland and
England. He then instanced Erie stock.
! fle did not suppose anybody pretended
that Erie would ever Npay out He next
referred to Reading. Did any intelligent man
believe that any OF those three great concerns
were solvent Did not everybody know they
were insolveut? This disturbance did not come
from the Sherman law. l. came from the mis-
| conduct of officials, Mr. Teller sad
he did not mean to saw criminal misconduct,
but that they did not deal fairly with their in
vestors 1t behoovcd congress- he said when
| IL came to legiSlate upon this subject, TO find
the cause OF the evil, and, II within its power.
| to remove the evil
| Mr.. Teller then yielded 10 motion TO go into
executive session, saying that he had reached a
| point where he could quit for the present and
| he would take up another branch OF the subjec
| some other daV