The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-28
the one who doubts our ability to float
bonds at less than per cent?
Teller Grows Warm.

Mr. Teller proceeded with much
vigor, his warmth of expression at
times bringing forth a ripple of ap-
plause from the galleries. He repudi-
ated 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 sought by tinanciers.
They had never been dishonored and
their dishonor proclaimed except by
this president of the United States
and those who represented him in the
United States Senate
Mr.. Teller entered his solemn pro-
test against this degradation of our
national credit.
Later" said the senator, II will in
detail answer these assaults on our
national honor-from those from the
president down to his tide-waiter who
assumes to come here and speak on
financial affairs.
IF the country was in danger it was
because of the presidents intemper-
ate financial utterances. 1t was a dis
grace to have this constant assertion
of national dishonor' Mr. Teller de-
clared that the recent utterances OF
the president on finances was to re-
assure his friends in New York. with
whom he always advised, who had be
come alarmed at the position the
president had taken on another sub
ject.
Al,en Protests.
Mr.. Allen pop. Neb9. protested
against the remarks of Mr. Hill and
the latter's conclusions.
Mr.. Hill had. he said. given utter
ance' to a statement to the effect that
all the treasury notes and greenbacks
were redeemable in gold, but such was
not the case. The Sreenbacks We're re-
deemabie in coin and had been since
the day they were first issued. Also
the certificates under the Bland-Alli-
son act notes.
MI Allen, resuming his speech. aid
that the notes issued under the Sher-
man act were also redeemabIe in sill
yer. He asserted that when the prosi-
dent had said the Greenback was re-
deemable in gold only he faIsified the
history of the country while Senator
Hi advocated a policy that would
change the whole law in regard to le-
gal tender
Mr.. Hill replied to the criticisms
made. There were three distinct pro-
tests, he said, based on the idea that
an attack on the public credit had
been made by him (HilD. on the con-
trary this position was to sustain the
public credit.
The senator from Colorado (Teilerl.
seemed to think that every reference
to gold was an attack on his favorite
idea.
Il do not know whether the senator
intended to be offensive" said Mr..
Hill, ''in referring to the Underwriters
Of the president"
Mr. Teller quickly rose to say that
ne had not intended to refer TO the /
senator from New York There was a /
number of men hanging around the
treasury department" who felt them (
serves authorized to speak on the finan- /
,ial policy
THE fabricator fmetal coins" he /
'ald, was daily in the papers with /
earned dissertations on the policy of |
he government"
.Wilds of Colorado
Mr.. Hill. resuming, said lie supposed (
he 'fabricator of coins referred to /
he director of the mint He was prob
tbiy as competent to speak on finances
is the gentleman from the wilds of
The senator asserted with
emphasis that he was not one of those
specified by Mr.. Teller as hanging
iround the treasury"
l speak for no one but myself" de-
Jared Hill with vehemence. land they
crowd me off the platform"
The senator said these attacks on
he secretary of the treasury We're for
.lleged offenses, when every secretary
turing the last fifteen years had pur-
ued the same policy. They had all
the gold reserve If this re-
erve was not protected the result in
lrectiy affected our national credit.
he protested against this firing in the
ir. this failure to answer a direct and |.
lear proposition with anything more
han attacks on officials and with as /.
ertions that the national credit was
eing assailed.
With the close of Mr. Hills speech
he resolution was laid aside
A joint resolution was agreed to.
transferring the territorial machinery
f the government in Utah to the state !
uthorities
At 2:25 o'clock the Senate went into
session and at 2:4O adjourned (;
ntil Monday.