The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-02-20


power passed out Of our hands"
1t was not necessary to defend Mr..
Cleveland's course. 1t was sufficient that
the president and his secretary Of the treas
ury had stated that they had secured the
BEST TERMS POSSIBLE.
The senator from Colorado cannot ar
raign this administration because it has
contracted with the Rothschilds," said Mr..
Hill. Il am no defender of the Rothschilds.
But in this emergency where will you look
for vast sums of money? Win you get 1t
from the miners of Colorado?
Mr.. Wolcott quickly responded, mo-"
said he, mot from the miners Of Colorado,
as they have been ruined by the legisla ton
Of the senator from New York. But there
are plenty of Americans ready to take the
bonds had they the chance"
Mr.. Hill declared that the only way to
secure such vast sums as $62 100000 was in
going to money kings of the world. Repub
lican administrations had appealed to the
Rothschilds, so that it was useless to raise
party cry against the administrations
course in going to foreign bankers. AT this
point Mr.. Hill took slip of paper from his
table.
Il have here announcements that I hail
with JOY" said he. 1T is an Associated
Press cable from Berlin announcing that
the reichstag has directed the renewal of
efforts to secure an international monetary
conference"
Mr. Hill read the Associated Press cable
in detail
Il rejoice at this news" he proceeded,
'as much as the senator from Colorado,
perhaps more / sincerely believe that
international agreement is possible for
bi-metallism. This resolution announcing
the policy of this country for bi-metallism
will be the answer of the United States to
the action of Germany"
| Mr.. Hill hoped that the response might go
| to Berlin today and that the world might
| know that the credit and honor of the
| United States was to be at all times main
| tanned.
TELLER TALKS.
At o clock the morning hour having eX-
pired, the agricultural appropriation bill
taken up. But the financial sentiment
| was too strong to give way to agriculture,
and Mr.. Teller returned to the Hill resolu-
ton. He said it was the most remarkable
paper he had ever seen. He would try not
to go outside of parliamentary language
| in speaking of it. This interest of the sem
| ator from New York for silver by offering
resolution for gold showed his regard for
bi-metallism. Mr.. Teller declared that for
| the last 80 days a prearranged effort had
| been made to put the country on gold
| basis, so that it could not get away from it,
| The senator from New York had taken part
| in that effort. He declared that this effort
| had been in the direction of putting gold to
/ a premium. There had virtually been con-
| spiracy to this purpose, and with this ac-
complished, the plan would be to require
| payment alone in that money. Indeed as
| a matter of fact, gold was even now at a
| premium, for it had appreca ted when
| everything else had deprecated. OF course,
| the silver dollars would depreciate with
| this discrimination against it. He denounc-
| ed as cant the assertion OF interest in
maintaining the parity and paying 1.-The
| best dollar.
| ..The best dollar which they want is" he
| asserted 1.-The dollar which it will take
| most sweat and blood to GET
| Referring to Mr.. Hills professions of
| bimetallisn, Mr.. Teller said Mr.. Hill would
| be welcomed to the ranks when he should
| show himself to be honestly in favor of
| bimetallism; but he added if this resolu-
| ton contains his sentiments he will be of
| no assistance to us in the world. The New
York senator tells us he is not defender
| of the president Be that as it may, he is
the only senator who has arisen in his seat
| since the terms of the late contract were
| announced to tell the people that it is
AN HONEST TRANSACTION
| and that it is the best that could have
| been done The senator from New York is
| noted for his courage, but it takes higher
| degrees of courage than he has shown in
| anything else to stand out in defense of a
| transaction which puts our securities at
| a lower rate than those of Egypt, and when
| he says that no senator can decently criti-
else the transaction, 1 want to say that his
idea and mine differ to what decency
is"
Mr.. Hill rose to repeat what he had said,
and Mr. Teller continued:
The senator has a right to make any
statement he fit" to which Mr.. Hill
replied, He has no right to put words into
my mouth that did not utter"
Continuing, Mr.. Teller declared that as a
senator he construed it to be his duty tc
protect the reputation and the interest OF
the United States, and he declared he would
not be frightened out of his policy of put
| ting the bond transaction before the coun-
try in it's true light He declared that il
| was the most scandalous transaction he
| had ever known since his entry into public
| life, and said: 1T is the first time in the
history of the Administrations affairs that
the people had ground for charging abso
| lutte dishonesty"
| He said, however, that he did not charge
| that the president or the secretary of the
treasury had profited pecuniarily by the
| transaction. He could not, however, con-
ceive what had influenced their course ex-
| cept an undue desire to acquire authority
for gold bonds. He thought that possibly
| they had
HOPED TO BRIGHTEN CONGRESS.
Mr. Teller bitterly arraigned the admin
istration in its dealing with foreign bank
| ers. The price paid for these bonds showed
that the bankers had pledge that they
| would be paid in gold. And yet This admin
| istraton gave the banking syndicate 6
| bonus of 1 per cent to take the bonds.
There will be breaking down and
| breaking up in this condition of things,
| declared Mr. Teller, impressively, ''anC
| when that time comes silver will have it:
| innings
Mr.. Villas gave notice that on Monday h
| would address the senate on the financia
situation The consideration of the agricul
tural bill was then resumed.
7 The committee amendment for an inspec
) | ton of live cattle the meat of which fresh
| salted canned, packed, ETC., is to be ex
; ported, was agreed to.
| The agricultural bill was laid aside with
out final action, and the senate, at 5:2t
went into executive session, after (which
| adjourned.
= CLEVELAND'S LAST RECOMMEND
TION TURNEDDOWN IN THE HOUSE.
WASHINGTON, D. c., Feb 18th
:, third attempt of the administration a
this session to secure legislation looking t
the relief of the treasury failed in tn
t house today First the Carlisle bill fo
S the reform of the currency system wen
: down. next the bill for the issue of $500
e 100000 of gold bonds and the retirement {
the legal tenders recommended IN the pres
e ident's special message, was defeated las
t Thursday by a majority of u, and toda
S the house, by a majority even larger "A
refused to order the third reading of tn
i resolution by which it was proposed
n | authorize the issue of S65, 100000 of 3 ps
q cent gold bonds, to substitute for the