Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-02-16
THE NEW BOND SALE
Severe D,nunClallOn OF The Govern
mont 10 Congress-
woLcor1,s SENSATIONAL SPEECH
Senator Teller Charactorizes the Bond
Transaction as a Morslrous
Fraud.

WARRINGTON, d. g., Feb. i6.--Gu
the Senate toiay Dubois (Glaho) pro.
sentod telegram from Phmnix,
Arizona, which rociIod that al meet
ing Of Republicans In ArIzjna, Il was
unanimously resolved that the Repub.
lican sentiment Of tho territory was
"un1quivocally In favor Of tho aJmis.
tlon OF Arizona to statehood tho pres-
ent session Of Congress-"
Allen (Neb.) presented a resolution
which was agreed to, calling on iho
sccutity OF this treasury Tor list o!
national banks which had been d.
posi,ories OF public funds during the
last ten years, interest, terms q con-
tract, etc.
Hilps resolution which announce
the policy OF the government on bl.
uoiallitni and on tue payments Of
gold obligations IN the best money
available, then came Up.
Sherman Offered y hubslitute, declEt-
ing tho policy Of the government
should be toward maintaining patily
between the two metals, % every doll
lar coined should be- Cqusl 10 every
other dollar Should there be any dis
tutbaucO In the parity, then tile bonus
would be- paid In standard gold cOiu.
NOlcltt moved 10 lay tic resolution
AMI substitute on the table.
I'M declared himself an earnest bl.
metAlllht Auu hgp0I 10 see the rustOra.
ton VI silver succeed. He was
rejOiced 10 rond the Associated Prose
dispatch just received from Berlin
announcing that action haI
been taken looking toward
the rehabilitation Of silver.
This declaration Of this policy oi the
government should receive the support
VI every senhtor,D said he, "unluss
there sits about this circle gold mono.
metnliist or silver mOnU-methlist. it Is
wise resolution for this present. emcr-
gency." Hill said the declaration frlt
announced as the true policy of the
government, cur efforts should be-
turned 10 the accomplishment u bl.
mttalliam. 81 need a. remind both
political parties that THIS IL what they
profess" be proceeded.
Son. WoicOtt IN n speech brlalllng
with sgusnti0naliam aud donunciation
Of the PRECEDENT Tor the recent bond
sale, declared he was informed by a
president Of New York bank that the
bond syndicate would never be com.
PEELED 10 pay more than ten per cent
" lie investment; the bDnoH it hHd
purchased at lui.f0 were aif tady beiug
taken at LIZ IA New NOFh, and there
was great demand for the bonds NJ that
figure. The bond resolution, he de-
clatsd, had attacked the government
credit. The Prolid0nps message 10
Congress contained the lying state.
munt that he desired TO maintain the
parity VI our currency, when lao had
already negotiated contracts which
ditrrouited silver.
In speech In the Senate this after
noon Teller aTralgned the PRECEDENT
In severe terms. He characterized the
recent bond Transaction as q most mon
sIfous fraud. Dufiug tho long year,
he had beeu a student OF the affairs OF
the country there never before had
uern q time when An opportunity
was al red Tor public charge
" disnonesy In the financial
transactions Of the government. IL
was Idle Tor the senators 10 say that
this was the best the President could
DO. With bonds leo desirable selling
on the market NJ l.lO 10 was futile ~
say boit1g price IuHn l,Os! could not
DO obtained, IL was impossible to
characterize too strongly y transaction
which placed the credit u the beet
government in the world Ut per cent
belOW that Of Eyvtt