The true northerner., 1898-02-16
EBB OF FREE SILVER.
TELLER TESTS A DISTINCT VICTORY
FOR SOUND MONEY.

President Mckinieys Position Firmly APP
proved by the House-silver q Fading
Issue-Its Hold on the Senate Feeble.
Loss In Twenty Years.
No doubt the free coinage men, by
pressing the Teller resolution at this
time, intended to force show of hands
and expected to gain an advantage.
Even before the house acted so quickly
and emphatically the result was dis
tinct loss to the silver side. In the first
place some of the silver senator's, like
Senator Chandler. who misrepresenss
New Hampshire, have been trying to
place President Mckinley in false po-
sition in regard to bimetallism. The
presidents response was his speech be-
fore the Manufacturers association in
New York, which address is acknowl-
edged ON both sides of the ocean to be
one of his most notable utterances.
"The money of the United States. :"
said the president, lis and must forever
be unquestioned and unassailable. If
doubts remain, they must be removed.
If weak places are discovered, they
must be strengthened. Nothing should
ever tempt us-nothing ever will
tempt us-to scale down the sacred debt
of the nation" These words from the
president, whom Senator Chandler and
others had tried TO place in an equivocal
light, cleared the air absolutely as far
as he is concerned and caused marked
advance in American securities in Lon
don.
A change of three votes in the senate
on one of the amendments to the Teller
resolution would have sent the whole
silver scheme to the bottom, hopeless
wreck, even in that body, its greatest
stronghold. The Nelson amendment re-
ferred to was tabled by AZ to 81. 1t de-
clared that "it is the duty of the gov
ernment of the United States under ex-
listing laws to maintain the parity in
value of it's gold and silver money, so
that the dollar of one metal shall for
all monetary purposes always be equal
in value to the dollar Of the other
metal. The adoption of this amend
ment would have been a deathblow to
the old ratio in the senate and to all
talk there of any dollar worth less than
100 cents in gold. Three votes shifted
from one side TO the other would have
passed it. To this narrow advantage Is
free coinage reduced in its citadel. The
atmosphere in the senate is not cleared.
but it is clearing.
To the presidents prompt and ring
ing declaration in behalf of the dollar
Is f,,l al,,o ha hac
been added a knowledge of the precari-
Gus hold of free coinage upon the SEN
ate. The house spoke without day S
delay Its verdict has never been in
doubt. The position of the president is
fully and firmly approved by the popu-
lar branch of congress. A distinct vic
tory for sound money is the outcome of
the Teller tests. The resolution of 20
years ago that was revived by the silver
leaders, with record at that time of a
two thirds majority in both houses of
congress, has now but feeble hold
upon one branch. The president and the
house are for the 100 cent dollar, and "a
change of three votes would put the
senate in line. In looking over the field
Mr.. Teller is politician enough to recog-
nize the fact that the trial of strength
he courted has been disastrous to his
side. The foreign markets reflect his
defeat The count of hands is against
him. He must realize that his cause is
drifting hopelessly away, fading issue
with the American people who have re-
jected it forever. st. Louis Globe
Democrat