The morning call., 1895-02-17


Wolcott quickly responded: NO, not
from the miners of Colorado, as they have
been ruined by the. Legislation of the Sena-
tor from New York. But there were plenty
of Americans ready to take the bonds had
they had the chance"
Hill declared the only way to secure
such vast sum as 1000, 900 was in going
to the money kings of the world. Repub-
lican administrations had appealed to the
Rothschilds, and it was useless to raise a
party cry against the administration S
course in. going. to foreign bankers. At
this point Hill took a slip OF paper from
his table.
81 have here an announcement that [
hear with JOY" said he. ait is an Asso-
ciated Press cable from Berlin announcing
that the Reichstag has directed the re-
newal of efforts to secure an international
monetary conference.
Hill read the Associated Press cable
in detail, and added: ~ rejoice at
this news as much as the Senator
from Colorado, perhaps more SO. [ sin
cerely believe an international agreement
is possible for bimetallism. This resolu-
ton announcing the policy of this country
for bimetallsm would be the answer. of
the United States to the action of Ger
many"
Hill hoped the response might go to Ber-
lin to-day and that the world might know
that the credit of the United States was to
be at all times maintained.
At 2 o'clock the agricultural appropria-
ton bill was taken up. but the financial SEN
timent was too strong to give way to agri-
culture, and Teller returned to the
Hill resolution. He said it was the most
remarkable paper he had ever seen. He
would try not to. go outside of parlia-
mentary language in speaking of it, This
interest of the Senator from New York for
silver by offering q resolution for gold
showed his regard for bimetal1ism.
Teller declared that for the last ninety
days prearranged effort had been made
to put the country Oh a gold basis, SO it
could not go away from it. The Senator
from New York had taken part in that
effort. He declared this effort had been in
the direction of putting gold to premium
There had virtually been a. conspiracy to
this purpose, and with this accomplished
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 appreciated when everything else
had deprecated. OF course, the silver dol
lars would depreciate with this discrimina-
ton against it. He denounced as cant the
assertion of interest in maintaining the
parity and paying 1.-The. best dollar
1.-The best dollar which they want" he
answered, els the dollar which it will take
the most sweat blood to get"
Referring to Hills profession of BIZ
metallism, Teller said that Hill would be
welcomed to the ranks when he should
show himself to be honestly in favor of BIZ
metallism, but, he added, ''if this resolu-
ton contains his sentiments, he will be no
assistance to us or to- the world. MIR. Hill
is noted for his courage, but it takes q
higher degree of courage than he has
shown in anything else to stand out in de-
fiance of transaction which puts our Sc
curities at a lower rate than those of Egypt,
and when he says that no Senator can de-
Gently criticise that transaction, | want to
say that his idea and mine differ as to
what decency is"
Hill interrupted to repeat what he had
said, whereupon Teller said: "The Senator
has right to make any stateme nt.he sees
fit" To which Hill replied: "He has no
right to put words into my mouth that /
did not utter"
Continuing, Teller declared that as a
Senator he construed it to be his duty to
protect the reputation and the interest OF
the United States, and he declared he
would not be frightened out of his policy OF
putting the bond transaction before the
country in its true Light. He declared ii
was the most scandalous transaction he
had ever known since his entry into public
life, and said: at is the first time in the
history of the administration affairs that
the people have ground for charging alb
solute 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-
Teller bitterly arraigned the administers
ton in its dealing with foreign bankers
The price paid for these bonds showed the
bankers had pledge that they would be
pdll al gnu, diio yCG
gave the banking syndicate bonus of /
per cent to take the bonds.
There will be breaking down and a
breaking up in this condition of things, u
declared Teller impressively, "and when
that time comes silver will have its
inning"
Villas gave notice that on Monday he
would address the Senate on the financial
situation. The consideration of the agri-
cultural bill was then resumed. The com
mittee amendment for an inspection of live
cattle, the meat of which, fresh, sailed
canned, packed, ETC., is to be exported, was
agreed to. The agricultural bill was laid
aside without final action, and the Senate,
| at $50 P. NJ, went into executive session,
after which it adjourned.
OF INTEREST TO THE COAST.