The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-02-27

at being thus Intercepted by the veteran
Mr.. Hoar, Mr. Carter added that while Re-
publicans who believed that the party plat
form might be carried 10 it's full fruition by
direct act of Congress were not wholly sat
isfied with the administration and the pur-
poses OF Mr.. Harrison, they did feel and
were led to feel, by his constant efforts.
that the administration was honestly seek
ing to give expression to Republican opin-
ion on the financial question. Mr.. Carter
further stated that the Interpretation placed
the Minneap polls platform by the Re-
publicans Of the East would lead them TO
favorable to silver. With such a construc
ton OF the Minneapolis platform the silver
Republicans were at war now and would
At this point Mr.. Gear interjected the
question: Does not the Senator know that
the Minneapolis platform was drawn large
~ by two Senators on this fioor-one from
Nevada, Mr.. Jones. the other from Colo
RADIO. Mr.. Teiler-and that they were sat
isiied W With III that PLATFORM, a. co ..,,.
neither or those Senators understood. with
their knowledge of the English language
ana what Il ordinarily means that the i,i plat,
ton of all legislation on the statute books
in favor Of silver
Mr.. Gear-But the Senator from Colorado
thought he could carry Colorado for the
Republican ticket on that platform.
Mr.. Carter-Yes, and that he did on the
reputation the Republican party had for
redeeming its pledges and promises. and
that 1t would carry out in good faith the
platform.
Continuing. Mr. Carter made brief re-
ply to Mr.. Hoar's question whether, IL de-
feated in these efforts at securing such
legislation as they demand at the hands
OF the Republican party, the silver Repuo-
licans would sever their connection with
the party, by saying that the Republicans
of the West who construe the platform or
1892 as favorable TO silver would be the last
to desert the ship and that if others who
take different view Of the question should
find 1t incumbent on them to leave the YES
row on the sad spectacle. With this re-
mark Mr.. Carter took his seat
NOT GOLD MONOMETALLISTS.
Mr.. Hoar declared in earnest tones that
not per cent. OF the people OF the East
would go with Grover Cleveland. I'VE are
not gold monometallists," he was proceed
ing to say when interrupted by Mr.. Teller
with the remark that this was strange.
in view or the support that minority of
the Eastern Republicans in Congress had
given the President.
I'VE deny that" retorted Mr. Hoar. who
then went on to contend that the Republic
ans of the East believe in double stand
ard Of value in accordance with the Con-
stitution and the doctrine as promulgated
by Alexander Hamilton. But the Colorado
Senator had, he asserted, no more right
to characterize him as a gold monometal-
list than he had to characterize that Sena-
tor as silver mOnometalllSt.
Mr.. Teller obtained the floor to explain
his connection with the formation OF the
Republican platform of 1892. He said that
he had drafted the first part of the finan-
cial plank in the platform, reading: THE
American people, from tradition and inter-
est, favor bimetallism, and the Republican
party demands the use OF both gold and sill
Yer as standard money, and that its inser-
ton in the platform had been secured by
the joint efforts of himself and Senator
Jones, of Nevada, after they had labored
lfcrnf
TO secure declaration for free coinage.
He was. he said, not responsible for the
notifications of this declaration. He. how
ever, considered this a position favorable
TO silver. because of the demand for the
recognition of the two metals as standard
money. Still he realized at the time that
the qualifications afterward adopted would
be juggled with by skillfui politicians and
he did not approve Ii.
Mr.. Gear here interrupted TO say that Mr.
Teller had voted for the resolution as ii
went into the platform, Notwithstanding his
opposition.
Mr. Teller admitted that he had voted for
get anything better, but that he had not
voted for il in committee Mr.. Teller then
went on TO say that this pronouncement
for bimetallism was a declaration for silver
coinage and ne asserted that Mr.. Sherman
was the only high financial authority who
contended that bmetaliism could be secured
by any other means tnan by the coinage
OF both metals on equal terms, and he as
serted that any one who held contrary
ceive. He then quoted from a newspaper
report of n speech made by Mr.. Sherman
at the opening of the last Ohio Republican
State convention, in which Mr. sherman was
represented as saying that bimetallisn con-
sisted in coming only fractional silver coins:
Mr.. Teller added that this was a practical
declaration for the gold standard and said
that into that position he would refuse TO
follow the Ohio Senator.
Mr. Hoar asked il the fact that the COM
mittee on the platform of the convention
of 1892 had voted down a proposition for
free coinage was not properly interpreted
to mean that the committee was opposed
Mr. Teller replied that many people in
the country had interpreted the declara-
ton to mean free coinage. but what ne
complained of that the platform had
been practically regulated by the RepuD-
lican party in Congress. 1t was taken as
meaning that, at least some time In the
future and under some conditions the party
would take stand for free coinage. The
party had done nothing to justify this hope.
but on the. contrary, there was now a de-
mand on the part OF some of the Eastern
Republicans that those of the party who
interpreted the platform as favorable to sill
yer should be turned out or the party
SHERMAN ON BIMETALLISM.
Mr.. Sherman followed Mr.. Teller, saying
that the newspaper extract quoted from had
represented him correctly. He said that ne
believed in the use of both metals to as
great an extent as was possible and at the
same time maintain their parity. Mr.. Sher-
man discussed the meaning of bimetallism.
In this country to-day the laboring man re-
ceived dollar equal TO gold worth 100 cents.
But with free silver dollar the laboring
man would be cheated of one-half of his
dollar. The people were beginning to under
stand this They We're beginning TO learn
that free silver coinage meant cheating the
creditors out of one-balf of their dues. The
maintaining of both metals as money should
be such that each would be equal to the
other. That would De true bimetallism. But
the adoption of free silver meant silver
monometallism, with half deprecated sill
east of the Missouri river was now In favor
of bimetallism- This had come about slowly.
for the free silver idea at one time held
strong influence in the West and in his own
state. The Senator said he believed even
Colorado would soon refuse TO urge a de-
precated dollar and would follow the course
of other States for true bimetalism. Mexico
against deprecated money.
Mr.. Teller was on his feet as Mr.. Sherman
closed. The Senator from Ohio cannot di-
vert me-" said Mr.. Teller, by his old silver
speech-the same one he has been delivering
for twenty years. the same one have heard
often before" Mr.. Teller declared that
the definitions of blmetallsm by Mr.. Sher-
man were erroneous. were contrary TO those
accepted at State and national conventions
France and other foreign countries The
Republican party could not be stultified, said
Mr.. Teller. by the deception and fraud and
the "bunco game of the single gold advo-
Gates. With impassioned tones and address.
ing himself 10 Mr.. Sherman. Mr.. Teller re-