The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-01-27
TELLER CAUSES ALL THE TALK.
SILVER RESOLUTION AGAIN OCCU-
PIES THE SENATE.

lie Maintains That There Was No
Need for Sales of Bonds During the
Cleveland Administration to Meet
Deficiency in the Treasury.
Washington. Jan. 25.-At the opening of
the Senate to-day Mr. Hale Of Maine pre-
scented the report of the conferees on the
urgent deficiency appropriation bill, and
the report was agreed to.
Upon motion of Mr.. Vest OF Missouri.
the Senate took UP the Teller resolution.
The debate was opened by Mr.. Teller of
Colorado, the author of the resolution.
He said he would permit no man to ex-
Gel him in honor or in good faith.
Il would do nothing" he said, chat
would bring about such condition of af-
fairs as would be disgraceful, whatever
the opinion of the senator from MGssa-
chusetts (Mr. Hoar) may believe of my
opinions or convictions.
THE Massachusetts senator tried to
make it appear that my position was on
a parallel with the making of a s10-piece
out of copper cent. Such a proposition
/ do not advance and do not think il will
find much support in this or any other
| legislative body"
MIR. Teller maintained that the existing
| contract concerning the money in which
bonds of the United States were payable
could not be changed without action of
Congress-one of the parties TO the con
tract-and that the government had a
right to all the advantages the contract
afforded H.
MIR. Fairbanks asked Mr. Teller whether
the present Secretary of the Treasury was
now paying out only gold in liquidation
of the bonded obligations of the govern
ment.
Mr.. Teller said his belief was that the
administration was paying the interest on
coin obligations of the government no
tured, in gold.
II have absolute information" retorted
Mr.. Fairbanks, that the administration
| is paying the obligations 1 refer to in legal
tender notes. On Jan !. 100000 of bonds
matured and 1 am informed by the Sec
rotary of the Treasury that these bonds
were paid, not in gold, not in silver, but
| in legal tender notes"
'If that be So" said Mr.. Teller, I'VE
| might as well discontinue this debate and
take a vote upon the pending resolution
| now."
The point had been reached, thought Mr..
| Teller, when an effort is being made by
! the national administration to put the
/ country on a gold basis. He thought there
had been too much sophistry and evasion
upon the financial question among those
who had discussed ii during the past TWEEN
| ~ years, and in his opinion the time had
| arrived for all parties TO walk squarely
| up to the lannon's mouth of the question
and deal fairly and honestly with them
selves and the people.
| In response to a statement by Mr.. Teller
| that $262, 900, 600 of bonds were sold for the
| purpose of maintaining the gold standard,
! Mr.. Gear of Iowa said IL was well known
| that more than $780, 100000 of those bonds
were sold to meet deficiency in the treas
| ury.
| This statement was faly contradicted
| by the Colorado senator who maintained
! that there was no necessity for the sale
! of bonds to meet current expenses when
| there was plenty of silver to meet press
ing obligations of the government.
Referring in the course of his remarks to
| the presidential contest of 1895, Mr. Teller
said that no political campaign in this
| country had ever been characterized by
! so much bitterness. acrimony and vindic-
| tiVeness. He conceded the right, he said,
| of others to differ from him upon this and
other questions, but he held he ought to be
accorded the same right and the liberty
of the people not only of this country, but
! of the world, depended upon the rightful
solution of the financial question. He had
| a right to speak here for the great masses
of the people, and he took advantage of
it because he felt that the fastening of the
gold standard upon the country would
simply make of the people hewers of wood
and drawers of water
Mr.. Hoar Of Massachusetts followed in a
! speech, in which he maintained the posi-
ton that he took yesterday that the ques-
ton under discussion was not one of law,
| but one of honor and integrity. He said
| that the advocates of the pending resolu-
! ton maintained that by a "crime" the
| price of silver had been reduced until the
| silver in dollar was worth only A cents,
| vet the same senators who made the
| charge of the crime advocated the pay
| ment of the governments obligation in
| this deprecated money-money that had
been deprecated, as they claimed, by
| crime.
Mr. Hoar said it had been made evident
by the statements of the Senator from Ar
| kansas Ont. Berry,, to whom he referred
| as an honest, stalwart old Confederate
who was willing to walk up TO the can
| mons mouth of the pending question, that
it was the purpose of the silver men to
! go into the campaign of 1900 and declare
| il to be right and honest to pay obligations
| in Accent dollars, and TO stigmatize as
''grabbers'' and robbers" those who diff
fered with them on the honesty of such
policy.
In the course OF his remarks, Mr. Hoar
| referred incidentally to the present indus
trial situation in New England and its re-
lation to the Dingley tariff law He was
! glad and the people of New England were
! glad of the industrial prosperity of South
! Carolina. Alabama and Georgia, but he did
| hold that the people of New England did
not want to be brought into competition
with communities where long hours are the
rule in industrial establishments, and
| where child-labor was employed in the
! factories. He said that these practices
were not known in New England. where
! limited hours for workmen and no child
| labor were provided for by law.
| Competition upon a basis of equality of
! laws would be welcomed by New England
Our policy" said Mr. Hoar lis not
| bounded by state lines. We are New
England men, but we are above all Ameri-
| cans"
Mr.. Plat of Connecticut then took the
! floor in opposition to the pending resoll-
! ton. He declared that it was the pur-
| pose OF the advocates Of the resolution
| TO override the solemn declaration of
! Congress that the parity of gold and sill
] .-l,.,r 4 H.