St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-23
TRIANGULAR DEBATE.
Sherman, German and Teller Dis
cuss National Finances.

WASHINGTON, Jan. 22-The senate
session today was marked by notable
speeches and notable debates. Late in
the afternoon a controversy occurred
between Mr. Sherman, Mr. German
Mr.. Teller and others which led to the
most spirited financial debate that has
occurred since the present congress con-
vened. Mr.. Sherman spoke at length
and with great earnestness deprecating
the thrusting of an "old WORKOUT issue"
the silver Question-into the senate at
time when practical legislation was
imperative. Mr.. Teller and Mr.. Cor
man answered Mr.. Sherman from their
respective standpoints, while Mr.. Aid
rich, Mr.. Lindsay, Mr.. Gray and others
took part in the exciting debate. Mr.
WolcottS speech criticising the presi-
dents attitude on the Venezuelan ques-
ton was the notable event of the early
part of the day. For an hour the SEN
ator commanded the attention Of a
crowded chamber and overlooking gal
leries. 70
Two important reports We're made by
the committee on foreign affairs, one
strongly presenting the serious condi-
ton of affairs in Turkey and urging
prompt action by the civilized powers
and an adverse report on MI. Calls reso-
luton calling for the official dispatches
OF United States consuls in Cuba.
in his speech Mr.. Wolcott took the
ground that in the present instance the
Monroe dotrine was
BEING MISINTERPRETED
and that, in fact it in no wise could be
applied to the Venezuelan dispute He
declared that SO much of President
Monroe's message as referred to the
colonization Of portions of America by
European powers could have no appli-
cability to any boundary dispute now
existing in South America; that the hos
tility to the extension by European
powers of their systems to any portion
of this hemisphere, as expressed in that
message, had especial reference to the
systems of government which were
based on the divine rights Of kings,
and which were devoted to the over
throw of all republics wherever exist
ing; that the Monroe doctrine was in no
wise intended as insisting upon repub-
lican forms Of government to maintain
the doctrine outside it's own borders,
or except as it's own integrity might
be affected.
Continuing, Mr.. Wolcott said:
''The passage of the resolutions reported
by the committee at this time can do no good,
and perhaps little harm, but their introduc-
ton only adds another faggot to the fire,
er. From point of view which 1 am pre-
senting, the diplomatic correspondence was
on our side. unnecessarily irritating. The
message of the president was ill advised, and
the creation of commission with no facilities
for investigation, not shared by us ALL and
without invitation by the parties in interest,
was hasty and premature.
I'VE have made it infinitely more difficult
for Great Britain to accept arbitration by our
demonstrative diplomacy and volunteer COM
mission, and we are drifting into position
where Great Britains refusal to arbitrate,
and she may lawfully refuse, will be consid-
cred not demanding from us a dignified
and earnest protest.
I'm my opinion,
THERE WILL BE NO WAR.
at will be avoided, not because our position
towards Great Britain in her dispute with
Venezuela is tenable, for l think have shown
its unsoundnsss, and it has been rejected by
the press and public opinion Of every first
class power In the world; not because Of our
possibilities Of war, but because Great Britain
will yield the whole controversy rather than
face the horrors Of such war over such &
question"
At o'clock the Pugh resolution was
displaced and the bond silver bill was
taken up, Mr.. Teller continuing his
remarks. The senator said gold was
now at a premium: The banks had
practically suspended payment Of gold
1t was commodity bought and sold,
just like corn or wheat. But while the
banks suspended gold payments the
treasury insisted on such payments.
And this condition had come without
silver legislation.
The senator, proceeding. said that
the gold element in the senate and in
the country had never yet presented
a monetary system. The four senators
representing the gold element on the
finance committee had never offered
a system. Mr.. Teller arraigned the
policy of Issuing bonds, with view he
said to building up permanent bond
ed debt to be borne by posterity.
MIR. SHERMAN AROSE
as soon as Mr. Teller closed. The sill
yer question. said Mr.. Sherman, was
purely moot question. No doubt there
was a silver majority in the senate,
but the country had settled down to
the idea that free silver coinage would
bring us to a single standard of silver,
and was undesirable. State after state
had taken this DOSitiOn The use of