The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1894-03-22
TELLER SKINS SHERMAN.
THE OHIO SENATOR ACCUSED OF
TELLING UNTRUTHS.

The Colorado Senator Pitches Iato tn q
Leader of tho Goldbugs:aud Dresses Him
Down Neatly and Thoroushly---BIsnd
Bill VIII be Passe d To-day.
WASHINGTON, March IA -AtLer the
routine morning business, tho Senate at
1890 resumed consideration of the
Bland bill.
Dolph (Rep of Oregon stated that as
objection had been withdrawn to tho
printing of the extracts which he had re-
ferred to In his speech yesterday, he
would conslderlthat speech as ended.
Then Teller (Rep.) Of Colorado ad.
dressed tho Senate in support of the bill.
He denied the assumption OF Sherman
and of other Senators who had argued
against the bill, that the Act Of 1890
lett the coinage Of silver to the discre.
ton of the Secretary of the Treasury,
and he declared that the Act was mazda.
tory and that under it the Secretary
should coin as many silver dollars as he
bad Issued Ire asurY notes. If $155,-
100000 OF Treasury notes had been is-
sued, then 155 900, 900 of silver dollars
should be coined for the redemption of
tho Treasury notes. He claimed that
the difference between the purchase
price Of the silver bullion aud It's mint
value should be put into money and used
for current xpenses-because the Act
declared that the seigniorage should be
turned into the Treasury. and be also ar
gued that the proper execution of the
law required that there should be for
every dollar of Treasury notes a silver
dollar lying in the Treasury ready to be
paid out to the mau who demanded 1t in
exchange for Treasury notes.
There were one or two other points
in Sherman's speech which he desired to
contradict. Oae of them was the state.
ment that there was board of 1854 ,00O,.
600 of silver dollars lying idle in tho
Treasury. "There is no hoard OF that
kind in the Treasury" Teller asserted
with empahsis.
"The statement is an untruth. Sher-
mau spoke oft as an idle hoard. There
is no Idle money IN the Treasury of the
United States. There has been no idle
silver money in the Treasury, except
that which lies behind the Treasury
notes, to the extent of 335 100000. The
statement made here by member Of
the Committee on Finance (Mr. Sher.
many and sent broadcast to the world
that we have.a hoard Of 1864, 900, 900 ol
Idle silver money in the Treasury is un.
worthy place in this Senate. It if
absolutely untrue, and is known to be
untrue by every member of this body.
And yet that is tho kind of food that ia
fed to the people by those who put this
country on the gold standard; and who
arc not satisfied with having destroyed
the industries Of the country, but are
now attemptingIto disgrace ps as Ssna.
tors by showing that we are supporting
bill Infamous in its character, and bY
misrepresenting the facts to the people
of the world. THIS debate has been
most unfair, as dobAte has always been
on the palt Of the nlen who advocate the
gold standard. It has been unfair in
many respects. 1t is unfair, or else it
lacks in intelligence; and frequently it Is
unfair and lacks in intelligence also.
Every dollar CT silver money that has
been coined is doing money duty and is
doing it with infinitely moro poteLcy
IN circulation in the United States. A
more unialr and untruthful statement
could not have been made"
Teller said that he would not consider
it very great disaster If the country
wsre on silver basis. 1t was on gold
basis now and the condition Of the coun.
try was not q happy one and it was a
notorious fact that countries which used
silver as standard money only were in
better condition than the United States
was in. This was the only country ia
the world. Teller said, whose legisla-
tors deprecated lts money. Why was it
that France could ioat eight or niue hun.
dred millions Of silver money? 1t was
because no Frenchman ever dared TO
stand up in legislative body in that
country and declare that the money of
country was not GOOD money. 1t was
left TOR this country alonge to have it's
legislative members to repudate the
government money. Since 1878 there
hada been a continued attempt BY the
Treasury Department to depreciate the
silver money Of the country. All the
great commercial and banking agencies
OF the country, led or supported by the
great metropolitan press, had been
endeavorlng to make the people believe
that silver was unfit tor money and it
would not discharge money duty. The
Senators from Ohio, Wisconsin and
Oregon (Sherman, Villas and Dolph) had
told the Senate that the American sill
YER dollar was iorty.five cent. dollar.
but" Teller asked, 'shas 1t anywhere
failed to buy one hundred cents worth
of anything which anybody has to sel9
1t is true that measured IN gold 1t will
only bring as cents. bat measured in
con- modities 1t will buy sixty per cont.
more Of wheat, of corn and Of cotton
than it did in 1879. 1t is dollar which
is as good as gold"
George (Dem,) of Mississlppi argued
in support OF the bill, although he ad-
mitted that it was "artllicially drawn,
lnapt In expression and with some am
blguty in it.
IL was not, he said, fee coinage
measure. He wished That it were, If
there was any chance of it's becoming
law. The bill proposed only to require
10 specific terms the coinage of silver
already pu chased, already owned by the
government and already required by