The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1895-01-14
German Did Not Speak, But
the COlOradan Did.
THE GOVERNMENTS FINANCES
For Three Hours the Senator From Col
OradO Spoke with Great Earn
estness and EIoquence.

w ASa1NGIONy Jan 4<@s ASAASA e@NA
dressed the senate today in a speech
marked by force and eloquence of earn
estness. A large crowd had been drawn
to the galleries by the announcement
that German would urge senate reso-
luton for the solution of the currency
problem, and, although German did not
speak, the spectators were not disap-
pointed. Teller took the income tax as
a text, but branched into a comprehen-
sive review of the present condition OF
the treasury and remedies demanded.
He severely arraigned the administra-
ton for alarming the country by agita-
tion over the currency bill. The sena-
tor urged that the restoration of silver
was the only effective solution, but said
he did not expect it at the present time
from either of the great parties or the
populists. Lodge also spoke, stating
that if the democratic majority would
present measure raising revenue, in
stead of currency bill that could pass,
the minority would assist in enacting it.
Teller then addressed the senate in
support of the continuance of the in
come tax. He pointed to the large
treasury deficit, which had been tenn
porarily met by bond issues. The gold
supply was down to SIT ,O00, 900, and was
rapidly disappearing. Any proposition
to do away with the income tax, there
fore, should be accompanied by plan
to raise the revenues the government
rauired. Teller gave it as his opinion
the income tax would become perma-
nent, even though it was limited to five
years by the present law. He believed
it was such an equitable tax that the
people would insist upon its continu-
ance. Import duties, he said, could not
be put so high as to entirely keep out
goods, and without these high duties
there was certain to be deficit in the
revenue. 1t was essential, therefore,
that some middle course should be
adopted, and the income tax was the
most inst means of taking this course.
Teller spoke of the vain and faithless
efforts of the executive branch of the
government "to do something to relieve
the present distress of the government
and the people, and added:
''It shows that the executive branch
is in wrong hands,"
He then spoke caustically of the
''schsme of banking coming from the
treasury department" He referred tc
the current reports that the bill hac
been jolted off in thirty minutes to 6
stenographer, and said:
''I wish to show all due respect to this
bill, coming as it does from such higt
sources, but if such a measure came
from any senator or member-lf it came
from any populist-it would be branded
as the height of lunacy,"
Teller declared that the currency bill
proposed to inaugurate the old era O.
wildcat paper, and violated every prin.
ciple of finance in this country or any
other. He ridiculed the talk abou
elastic and sshexible'' currency, wher
banking corporations had charge of ths
elasticity, and added:
s'There is about six weeks remainins
of this congress. Now, does any persor
seriously believe the revision of the vas
currency system can be accomplished il
shat time2'
The senator argued that it was tim,
the executive authorities stopped wha
he characterized as ''frantic demonstra
tiens of fright" He then examined il
detail the bimetallic system of.France
Highest of all In Leavening Pol