The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-28
VOTE ON BONDS TODAY
Continued from First Page.

New York has recently been invited TO
Washington city TO tell us how TO get out
of this dilemma, This is only one of the
bankers concerned in the disgraceful ac-
ton of last year. Is he the one who
doubts our ability TO float bonds at less
than 4 per cent?
Teller proceeded with much vigor. his
warmth of expression at times bringing
forth a ripple of applause from the gal
ieries He repudiated the suggestion, he
said, that our credit was destroyed. The
securities OF the United States, he said, are
gilt-edged in the markets of the world
They are eagerly sought by ananciers.
They had never been dishonored and their
dishonor proclaimed EXCEPT by this presi-
dent OF the United States and those who
represented him in the United States SEN
ate. Teller entered his solemn protest
against this degradation Of our national
credit. Later said the senator, II win
in detail answer these assaults on our ma
tionAl honor--from those OF the president
down to hts tide waiter who assumes TO
come here and speak on financial affairs"
II the country was in danger it was be-
cause Of the presidents Incorporate finan-
ciaI utterances. 1t was a disgrace to have
this constant assertion OF national dis
honor. Teller declared that the recent ut
teran,Aa Of the president on finance was to
assure his friends in New York, with
whom he always advised. and who had be-
come alarmed at the position the presi-
dent had taken on another subject.
Allen, Neb., protested against the re-
marks Of Hill and the latters conclusions.
Hin had, he said, given utterance 70
statement TO the effect that all treasury
notes and greenbacks were redeemable I'm
gold, but such was not the case. The
greeRbacks were redeemable in coin, and
had been since The day they were first is
sued; 50 also the certificates under the
Bland-Allison act. The notes issued
under the Sherman act were also redeem
able in silver. He asserted that when the
president had said the greenback was re-
deemable in gold only he falsihed the his
tory of the country, while Hill advocated
a policy that would change the whole law
in regard to legal tender.
Enl replied TO the criticisms made There
were three distinct protests, he said. based
on the idea that an attack on the public
credit had been made by him OHilD. on
the contrary, this proposition was TO sus-
tain the public credit. The senator from
Colorado CTelier) seemed 10 think that
every reference TO gold was an attack on
his favorite idea. Il do not know whether
the senator intended to be offensive" said
Hill. in referring 10 the tide walters OF
the president"
Teller quickly rose 10 say that he had
not intended 10 refer TO the senator from
New York. There were a number OF men
hanging around the treasury department"
who felt themselves authorized 10 speak
on the fTharclal policy. The fabricator OF
metal coins" he said, was daily In the
papers with learned dissertations on the
policy OF the government"
Ffnl, resuming. said he supposed the fab
ricator Of coins" referred TO the director
OF the mint. He was probably as compe-
tent 10 speak on finance as the gentleman
from the wilds Of Colorado The seua-
tor asserted with emphasis that he was
not one OF those specified by Teller As