The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-01-13
IN TIE SENATE.
Teller Defends tho Income Tax ami Con.
demus Ci~yel-pf'@ gfna~csai policy.

d-mns Ci~vel-nd's rina-esai eol,cy.
Washington City. Jan. 1a--The senate
galleries were fairly well filed today. in
anticipation o., a speech by German on
the currency question, In which II was
thought he would propose some solution
OF the problem from the senate stand
point.
CockreH called up the urgent deficiency
bsll. Presiding officer Harris explained
the parliamentary situation coming over
from yesterday. Hill offered an ameasl-
ment TO appropriation Of funds for the
collection OF the income tax. so that the
legality of the tax might be referred to
the courts The chairman ruled out the
amendment on point OF order. HiIl ap-
pcaied from the decision OF the cfpir. and
Morgan moved to lay the appeal on the
table
In order to permit further discussion of
the income tax Morgan agreed to with
draw his motion.
Teller addressed the senate In support
of the continuance Of the income tax. He
believed that the income tax would be-
come permanent, even though Il Is ltnlited
10 five years by the present law. He be-
iieyed it Was such an equitable tax the
people would insis. on its continuance.
Import duties could not be put 50 high as
to entirely keep out goods and without
these high duties there was certain TO be
a deficit in revenues. Ii was essential.
therefore. that some middle course should
be adopted and tho income tax was the
most just means or taking this course.
Teller spoke of the vain and fruitiess ef-
forts OF the executive branch OF the gov
ernment to do something to relieve the
present distress Of the government aud
the people. ut shows said the senator.
''ai,at the executive branch IS la wrong
hands" Teller spoke eathticaAy OF the
scheme Of banking coming from the treas
ury department. He referred 10 the cur
reat reports that the bill had been jotted
off In thirty minutes 10 a stenoerap pher.
II wish to show all due respect 10 this
bili." said Teller. coming as 1t does from
came from any senator or member or II
1t came from any popuMst. 1t would be
branded as the height OF iunas.s'' Teller
declared tssat the currency bill proposed
II iaaugurase the old era cf wildcat pa
per, and violated every principle Of finance
in this country or any other Teller rili-
c,ilei the talk about elastic ard ''flexi-
ble'' currency. when banking earporatioss
had charge Of the elasticity. There are
about six weeks remaining In this con-
grsss,'' said Teller Nov. does any per-
son seriously believe that revision OF the
vast currency system can be accomplished
tn that tirre.'' Tire senator argued that
II was time chat ohe executive authorities
stopped what ne characterized as frantic
demonstrations OF fright."
Teller explained in detail the timetaln,
system Of France. under which that
country naw enjoyed absolute tranquility.
Hawley Rep. az this paint intsrjeete.i
a narrative OF his personal experience in
Paris en- the night before France raised
TO Germany.
Teller argued at length to prove that
the low price Of agricultural products
today was the direct result of the de-
raonetization OF silver. firSx by Germany.
then BY the United States aud lastly
by the Latin unian. In every country
which had kept its uints open 70 silver,
prices of staple products had remained
absolutely stable during the las; twenty
sve years. He cited as illustrations ot
that fact. India, Mckee. China and
Japan. II has been charged. be said
that shoss who were in favor Of biuetaI-
lisn were not I'm fa.o- of ssuna money
Bnt IL seunt n1cney was 10 he preserved
ne warned The senats. 1t would he pre-
served through the efforts % the So
called silver mem- IL the geld basis
was Insisted upan, II yzcula be found feo
narrew. and the tine would come when
an over issne ~ paper money
could not he yeSssfef. He Sie-
scrfhe3 ,he growth q socialism and
anarchy in ,hAs country ssnoe she iesnon.
eg!xaeioG OF silver. aas the bitterness
sEsst hs,i grswn ur between etasSes
TEss conaisspn Trad beers rruz2tsssA by
lsEsslatssH Are we asSw" he asked. '.ge
ssagsat THAI ~e hare nsstAer the wit nog
sgsssiosrs ta Usssao whas W. have sts5ua -
Agthozgas his sssse vas rsss< charged With
the responsibility fcsr :he present situa-
ssan. ne. for easc, woGa3 sosa wfth has 90
1ttieal aaverSarts ia aay senaEse oE ye-
Isrs tssat apr~aaesg 10 tss sgsssSgnens Rzr
be bod Hstle hope wfsez hs saw sae sea-
ate 81 the e gassea ssmse2 ecaxfrens9xs with
ssssA a szfrasiers saEsiaesy Na8ttrg 70 Ses
MAT Esuvox-e uezsia 60 II uzs skexsssrs..-
bic ard stlsErAcegut- \ change os ssasssais.-
istFatfngs ussgta al matters hus -
ssosalssssa IL Tbe fxxt Fsegszzassean ssss1zArs-
IxsrasSe2 mas sote3 cut % 5ow-sr. asa