The Springfield herald., 1897-08-20
MIR. TELLER AT HOME.
HE SPEAKS HIS MIND FREELY.
Thinks the Administrators Currency Plan
Very ObJectIonRblc-No Chance for
Permanent Prosperity Under Present
Conditions

Denver Aug. Ex-senator Henry NJ.
Teller arrived in the city yesterday to
remain until next fall. In an inter
view published in the Post he said:
Congress reassembles,c on the first
Monday in December. There are no
important measures before 1t. as sched-
uled now. But Immediately after as
sembling the financial question will be
taken up. Ii is the purpose, undoubt-
edly, of this administration to retire
the greenbacks and treasury notes
and perfect Il system by which the ma
tional banks will be authorized to is
sue all paper money. Their next move
will be to retire silver, and then the
bank notes will not be legal tender
What will be the result? The admin
istration will have succeeded In making
gold the only money by which debts
can be paid. All debts will have to be
paid in the yellow metal"
Talking of the outlook for silver the
Senator continued Il know nothing
about Senator Wolcott and the none
tary commission beyond what every
body else knows. l never had an idea
that the scheme would amount to any
thing In the first place. 1t was some
thing of n farce.
president McKinley's MESA &c.
commission, was done at the command
OF the gold people. The President had
done nothing Indicative of the true
policy of the administration In regard
TO silver and the gold men became irri-
tated angry and slightly unreasona-
bic. Mr.. Mckinley had to satisfy their
demands and issued the message.
II do not consider it wise message
myself. 1t shows the President has
gone fully over to the gold standard
people. There is no question about
that His course is plainly marked,
and the fight will be along that line
The money question will he the key
Iiyrc during the next session. 1t will
be prominently brought forward in
both bodies. The House has sent Il
bill for the appointment of another
monetary commission to the Senate,
but, personally. L believe the Senate is
not inclined to the appointment of such
body. They would rather not con-
slider the proposition at all. I do not
think 1t will be passed, but OF course
that is merely conjecture.
THE outlook for silver is blank.
There is no probability of anything
being done for it under this admins
tration. 1t never was nor never will
be favorable to silver. Nothing has
been done by Senator Wolcott's com
mission toward international agree
mcnt
II haven't had chance coming
westward to see much improvement
over the country at large. There We're
no Indications of prosperity that l
could see. OF course the immense
wheat and grain crops will do much
to cheer us. Owing to the failure of
the wheat crops in Europe. Asia, India
and South America, the prices we will
obtain for our wheat will be good.
OF course If wheat goes up. other ce-
reals will go up In sympathy. A
ready market and high prices will help
the people somewhat, but not much.
This is an unsatisfactory condition, rs
next year the crops in other countries
may be large and amply sufficient to
supply their needs. The American
shipments as consequence will suffer.
The Mckinley administration is not
responsible for the good crops of this
year or the greed of European bread
makers.
"The chances for silver President
being elected In 1900 are exceedingly
good. A silver candidate for the presi-
dency will not be unpopular. Bryan,
1t may be reasonably presumed. will be
the next candidate. His candidacy
last year was productive OF much sat
isfaction to silver sympathizers and it
was n brilliant campaign from start to
finish. Bryan would be a good man to
lead the silver forces in 1900"