The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-25
CURRENCY AND THE CUBANS.
SENATOR TELLER TALKS OF THE
OUTLOOK IN CONGRESS.

The Colorado silver Leader Does
Not Think There VIII BE Any Leg
isIntiOn to Substitute Bank Notes
For Treasury Notes and Green
backs-COnfldent, However, That
the President Will Make Some
Recommend dations on the Subject.
Senator FavOrs Recognition of
BelIiserency.
Washington, Nov 24.-When asked to-
day to give his opinion as to the prob
ability of legislation affecting the cur
rency during the approaching session of
congress, Senator Teller said: 81 do not
believe there will be any legislation look
ing to the substitution of bank notes for
greenbacks and. treasury notes, which ap
pears to be the favorite method of cur
rency reform, so-called, advocated by the
supporters of the gold standard. think
it very doubtful whether the advocates of
the change can agree upon the details of
such legislation, and bankers will natural
ly hesitate to increase the issue of bank
notes in sufficient quantity to take the
place of the entire volume of greenbacks
and treasury notes, especially in view of
the fact that the redemption of bank notes
must, to satisfy the demands of the cur
rency reformers, be in geld
Senator Teller said he considered it quite
certain that the President would make
some recommenda ton upon the currency
problem to congress, but he was of the
opinion that the suggestion would be in
general terms, and. as in his inaugural
message, and that the President would
leave the details to congress.
The senator expressed doubt as to
whether the administration would take
any steps looking to the encouragement
of the Cubans in their war for independ-
ence. II think" he said, that congress
can settle the Cuban question by recog-
nizing the belligerent rights of the Cubans,
and that should have been done long since.
1 believe the House will pass the Senate
resolution sent to it during the special ses-
sion if that measure is brought before it,
but it is quite doubtful whether it will
be allowed to consider it al ALL"
The Evening Star to-day says: 'It can
be stated on the highest authority that the
President is going 10 recommend a plan
for currency reform in his message, and
further that that part of the message
will be written with the cooperation of
Secretary Gage.e,It is authoriAati lively stat
ed that Secretary Gage is perfectly salts
fled with the Presidents message in regard
to financial legislation, and that it meets
his entire views and support.
"Further than this, ii can be stated on
the same high authority that the SecTe-
tary of the Treasury, will submit to con-
gress in his annual report the plan for
currency reform, which he submitted to
20. The secretary intends to submit this
report to congress almost identically as
it was submitted to the cabinet, but with
the exception that he will make some fur
ther recommendations, but these will not
materially change the plan already an
nounced."
1t is understood that the President, in
his message, will suggest to congress that
it will be inadvisable at present to take
any action which will complicate the sit
uation in Cuba. 1t is said that he will
suggest that the passage of resolutions
recognizing belligerency or independence
would be inexpedient, while the measures
of reform proposed by Spain and to be
carried out by Gen. Blanco, are pending.
The release of the Competitor and other
prisoners is referred to as gratifying and
relieving the United States of the necessity
of intervention on the ground of protec-
tion of American life and property.