The herald., 1896-02-27


! Mr.. Carter-Yes. and that he did on the
reputation the Republican party had
for redeeming its pledges and promises,
and that it would carry out in good faith
| the platform.
Continuing, Mr.. Carter made brief
| reply to Mr.. Hoar's question whether. if
defeated In their efforts at receiving such
legislation as they deemed at the hands of
| the Republican party, the silver Republic
ans would sever their connection with the
party by saying that ths Republicans of
| the west who construe the platform of
1892 as favorable to silver would be the
last to desert the ship and that if others
who take different view of legislation
should find it incumbent upon them to
leave the vessel, the western men would
gaze with sorrow upon the sad spectacle.
With this remark Mr.. Carter took his
| seat and Hoar declared in earnest tones
that mot per cent of the people of the
| We are not gold monometallists." he was
proceeding to say, when interrupted by
| Mr.. Teller by the remark that this was
strange in view of the support the majority
of the eastern Republicans in congress had
| given the president:
1--WE deny that" retortsd Hoar. who
| then went on to contend that the Republi-
| cans Of the east believe in a double stand-
ard OF value, in accordance with the con-
stitution and the doctrine as promulgated
ny htoNduU6T HdIIllltOu. Out SOlO-
| RADIO senator has, he asserted. not more
| right to characterize him as gold mono-
metallist than he had to characterize that
| senator as silver monometallist.
| Teller obtained the floor to explain his
connection with the formation of the Re-
publican platform of 1892. He said he
had drafted the first part of the financial
plank reading ''the American people from
| tradition and intent favor bimetaiism,
and the Republican party demands the use
of beth gold and silver ss standard
money" and that it's insertion in the plat
form had been secured by the joint efforts
of himself and Senator Jones of Nevada
after they had labored with the committee
on resolutions all night to secure a declar-
alton for free coinage. He was, he said.
not responsible for the notifications OF
this declaration. He, however, considered
this a position favorable to silver because
of the dems and for the recognition of the
two metals as STANDARD money. Still he
realized at the time that the qualifications
afterwards adopted would be juggled with
by skillful politicians and he did not APP
prove it.
Mr.. Gear here interrupted to say that
Mr.. Teller had voted for the resolution as
it went into the platform Notwithstanding
his opposition. Mr.. Teller admitted hc
had voted for it in convention because he
could not get anything better, but that he
had not voted for it in committee.
Mr.. Teller then went on to say that this
pronouncement for bimetallism IVES
declaration for silver coinage. and he as
serted that Mr.. Sherman was the only nigh
financial authority who contended that BIZ
metallism could be secured by any other
means than by the coinage of both metals
| on equal terms, and he asserted that any
one who held a contrary view was either
ignorant or wanted to deceive. He then
speech made by Mr.. Sherman at the open
ing of the last Ohio Republican state con.
ventiou, in which Mr.. Sherman was re-
ported as saying that bimetallsm con-
sisted in coming only fractional silver
coins. Teller added that this was prac-
and said that into that position he would
refuse to follow the Ohio senator.
Hoar asked if the fact that the commit
tee on platform of the convention of 1892
had voted down proposition for free coin
age was not properly interpreted to mean
that the committee was opposed TO it. Mr..
Teller replied that many people in the
country had interpreted the declaration to
mean free coinage, but what he complained
| of was that the platform had been practi-
cally repudiated by the Republican party
in congress. 1t was taken as meaning that
at least some time in the future and under
some conditions the party would take a
stand for free coinage. The party had
done nothing to justify this hope, but, on
the contrary, there was now demand on
| tuc phEt VI eOllS cdelClA leOpoOhSouS epoe
those of the party who interpreted the
platform as favorable to silver should be
turned out of the party.
Sherman followed Teller, saying that the
newspaper extract quoted from had repre-
sented him correctly. He said he believed
in the use of both metals to as great an ex-
tent as was possible, and at the same time
maintain this parity. Sherman discussed
the meaning Of bimetallism. In this coun-
| try today the laboring man received dol
-. i Rae
with free silver dollar the laboring man
would be cheated of one-half his dollar.
The people were beginning to understand
this. They we're beginning to learn that
! free silver coinage meant cheating the
creditors out of one-half their dues. The
maintaining OF both metals as money
should be such that each would be equal TO
the other. That would be true bimetal.
lism. But the adoption of free silver
meant silver monometallism, with half
deprecated silver coin. MIR. Sherman said
that every state east of the Missouri river
was now in favor of bimetallism. They
had come about slowly. for the free silver
idea at one time held strong influence in
the west and in his OWL state. The senator
said he believed that even Colorado would
and would follow the course of other states
for true bimetallsm. Mexico bad begun
to show the revulsion of feeling against
deprecated money.
Teller was on his feet as Mr.. Sherman
closed.
"The senator from Ohio cannot divert
me-" said Mr.. Teller, "by his old silver
speech, the same one he has been deliver
ing for twenty years; the same one l have
heard so often before"
Teller declared that the definitions of
bimetallism by Sherman were erroneous,
were contrary to those accepted at stare
and national conventions. contrary to the
accepted understanding OF France and
other foreign countries. The Republican
party could not be stultihed, said Mr.
Teller, BY the deception and fraud and the
} "bunco ganle'' Of the single gold standard
advocates. With impassloned tones, and
addressing himself to Mr.. Sherman, Mr..
Teller repudiated the suggestion that the
state of Colorado would ever accept the
dishonest Interpretation Of bimetallism
here presented, and if it did, added Teller,
he would cease to represent that state in
the United States senate.
1.-THE senator (Sherman) speaks of the
death of silver" exclaimed Teller. "but L
warn him that he will find a lively corpse
to rise up and haunt him."
IT Q safety of the Republican party"
concluded MIR. Teller, lilies in adherence to
sound money made up of the two metals,
side by side, as from time immemoriai.
Bu. if the Republican party" added he,
"puts itself under the leadership of the
senator from Ohio (Shermanl, the glory of
its past will be obliterated by that in
fanny"