Omaha daily bee., 1895-12-28

dilemma. This is only one OF the bankers con-
cerned In the disgraceful acts OF the last
year. Is he the one who doubts our ability
TO float bonds at less than 4 per cent?"
Mr.. Teller proceeded with much vigor. his
warmth Of expression at times bringing
forth a ripple OF applause from the galleries.
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
been dishonored and their dishonor proclaimed
except by the president Of the United States
and those who represented him in the United
States senate. Mr.. Teller entered his solemn
protest against this degradation OF our credit.
Later" said the senator, Il will In detail
answer these assaults on our national honor
from those Of the president down to his low
est tide-waiter who assumes to come here
and speak on financial affairs"
II the country was In danger II was because
OF the presidents Incorporate utterances. II
was a disgrace TO have their constant as
sertion that the nation has been dishonored.
Mr.. Teller declared that the recent utterances
Of the president were to reassure his friends
in New York with whom HI always advised
and who had become alarmed at the position
the president had taken on another subject.
Mr.. Allen, populist of Nebraska, protested
against the remarks of Mr.. Hill and the lat
ter's conclusions. Mr.. Hill had, he said,
given utterance to a statement to the effect
NidI ~ lHt lltdSuI huttS anu 6lttiibuNho
were redeemable in gold. but such was not
the case. The greenbacks were redeemable
In coin. and had been since the day when
they were first issued. So also were the
certificates under the Bland-Allison act. Mr..
Allen, esuming his speech. said that the
notes issued under the Sherman act were
also redesmable in silver. He asserted that
when the president had said the greenback
was redeemtble in gold only, he falsified the
history Of the country, while Senator Hill
y4A-tAI - -l.A,, thaN -l,,ll ahan1A thA
whole law in regard to legal tender.
Mr.. Hill replied to the criticisms made.
There were three distinct protests, he said.
based ON the idea that an attack on the pub
lie credit had been made by him CHill.) On
the contrary, his proposition was to sustain
the public credit. The senator from Col
orado (Teller) seemed to think that every
remote reference to gold was an attack on
his favorite idea. 81 do not know whether
the senator intended to be offensive said
Hill, sin referring to the tide walters of
tho president"
Mr.. Teller quickly arose to say that he
had not intended to refer to the senator
from New York. There were a number of
men hanging around the Treasury depart
ment," who felt themselves qualified to
Gator of metal coins he said. was daily
in the papers with learned dissertations ON
the policy of the government"
Mr., Hill. resuming. said he supposed the
IaDTlCdIOT OIL COlTS TeIeTTeu 10 tne ulTeCtOT
Of the mint. He was probably as competent
to speak on finance as the gentleman from
the wilds of Colorado" The senator as
serted with emphasis that he was not one
of those specified by Mr.. Teller as hanging
around the treasury"
81 speak for no one but myself" declared
Mr.. Hill, with %vehemence, "and they cannot
crowd me off that platform"
The senator said these attacks on the sec
rotary of the treasury were for alleged Of
lenses, when every secretary during the last
fifteen years had pursued the same policy.
They had all protected the gold reserve. IL
this reserve were not protected the result
indirectly affected our national credit. He
against this firing in the air, this
failure to answer a direct and clear propo-
sition with anything more than attacks on
and with assertions that the ma
tional credit was being assailed. With the
close of Mr.. Hills speech the resolution was
laid aside.
A joint resolution was agreed to transfer
ring the territorial machinery of the govern
ment in Utah to the state authorities.
At 2:25 o'clock the senate went into ex-
ecutive session and at 2:40 adjourned until
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