Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-12-27

his warmth of expression at times bringing
forth ripple OF applause from the packed
galleries ...
He repudiated the suggestion, he said,
that our credit was destroyed. The Sc
curities of the United States are gilt
edge" In the markets of the world. They
were eagerly sought by 1nanciera They
had never been dishonored. and their dis
honor proclaimed. except by the President
Of the United States and those who repre-
sented him in the United States Senate.
Degradation of the National Credit.
Mr.. Teller entered his solemn protest
against this degradation of our national
credit. Later" said the Senator. Il will
in detail answer these assaults on our
national honor-from those Of the President
down to his lowest tide waiter, who as
sumes to come here and speak on financial
affairs"
II the country was in danger it was be-
cause of the Presidents Incorporate fnan-
cial utterances. 1t was disgrace to have
this constant assertion of national dis
honor. Mr.. Teller declared that the recent
utterances OF the President on finances
was to reassure his friends in New York.
with whom he always advised, who had
become alarmed at the position the Presi-
dent had taken on another subject
Mr.. Allen CNebD protested against the re-
marks OF Mr.. Hil and the latter'a conclu-
sions. Mr.. Hill had, he said, given utterance
to statement to the effect that all the
treasury notes and greenbacks were re-
deemable in gold hut such was not the
case. The greenbacks were redeemable in
coin, and had been since the day when they
we're first issued So also of the certificates
under the bill and Allison notes.
Mr.. ButIer's Substitute.
Mr.. Butler here interrupted Mr.. Allen to
reintroduce a substitute for Mr.. Hills
resolution his resolution instructing the Sec
rotary Of the Treasury to the method of
proceeding in the redemption of treasury
notes and greeDbacks. Mr.. Butler said this
was an Interpretation of the present law, and
II the Secretary of.the Treasury had issued
silver in accordance with his discretion there
would have been no call for the Presidents
message
Mr.. Allen. re Stunning his speech. said that
the notes issued under the Sherman act
were also redeemable in silver He asserted
that when the President had said that the
greenbacks were redeemable in gold only he
falshed the history of the country, while
Senator Hill advocated a policy that would
change the whole law IN regard to legal ten
der.
Mr.. Hills Reply.
Mr.. Hill replied to the criticisms made.
There were three distinct protests, he said.
based on the idea that an attack on the
public credit had been made by him CEIilD.
On the contrary. this proposition was to
sustain the public credit.
The Senator from Colorado (Teller) seemed
to think that the very remote reference to
the gold was an attack on his favorite ideas.
Il do not know whether the Senator in
tended to be offensive" said Mr.. Hill. ''in
referring to the 'tde-waiters of the Prssi-
dent"
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 Department"
who felt themselves authorized to speak on
the financial policy. The fabricator of metal
coins was daily in the papers with learned
n fc0 lPfa ffSrto 30
ment
Mr.. Hill. resuming. said he supposed
the fabricator of coins referred to the
director Of tine mint. He was probably as
competent to speak on finance as gentle
men from the wilds Of Colorado"
The Senator asserted with emphasis that
ne was not one of those specified by MIR.
Teller as hanging around the treasury"
He had not entered the treasury except
on stated occasion. when a personal bus
mess transac ton was involved. He had
no authority to speak for the treasury or
the executive
speak for no one but myself" de-
clared Mr.. Hill with vehemence, "and they
cannot crowd me Off that platform"
Secretary Carlisle Defended.
The Senator said these attacks on the
Secretary of the Treasury were for al
legged orenses. while every Secretary dur
ing the last fifty years had pursued the
same policy. They had all protected the
tected the result Indirectly affected our
national credit. 1t was an idle waste of
words to charge this to be an attack ON
our credit Mr.. Hill closed with a Wig
orous disavowal of a purpose to speak for
or defend the Secretary of the Treasury
or other executive officers. They were
abundantly able to take care of them
selves. But he protested against this fir
Ing In the rear. this failure to answer a
direct and clear proposition with any
thing more than attacks on officials and
with assertions that the national credit
WAS being aSSailed
With the close of Mr. Hills the resolu-
lion was laid aside
A joint resolution was agreed to trans
ferrins the territorial machinery of gov
eminent In Utah to the state authorities.
In Executive Session.
At 225 o'clock the Senate went Into ex-
scutive session.
At 2:40 the Senats adjourned until Mon
day.
THE HOUSE.
The battle over the bond bill attracted
large crowds to the House galleries again
today. As soon as the journal had been
approved Mr.. Dingley, chairman of the
ways and means committee, reported the
bond bill as amended by the ways and
means committee, and 1t was referred to
the committee Of the whole on the state Of
the Union
Mr.. Belknap Sworn In.
Mr.. Oar iels On. ", chairman Of the first
committee on elections, as a privileged mat
ter. made a unanimous report in favor of
seating Hugh r. Belknap in place of Law
renee f AcGann, from the third Illinois
district. Mr.. Mccain had decided that he
was not entitled to the seat, and there was
therefore TO contest over the matter The
report was adopted. and Mr.. Belknup was
sworn in
The Bond Dill Rule.
Mr.. Henderson Qowa). from the commit
tee on rules, then presented the rule for
the consideration Of the bond bill. 1t pro-
vided for debate until 10 o'clock tonight,
with recess from until 8. and its con-
tinuance tomorrow until o'clock. when a
vote should be taken without Intervening
motion or amendment separately.