The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-27
SIX HOURS 0F SILVER
Senate Keeps it Up on the
Teller Resolution.
VOTE WILL COME TODAY
New England Senators PrOmi-
nent in the Debate.

Washington, Jan. 26.-For more than SIX
hours the senate had under discussion the
Teller resolution providing that the gov
eminent pay the principal and interest
of the bonds of the United States States
in silver. BY agreement the resolution
and pending amendments are to be voted
on before adjournment tomorrow. The
debate was devoid of the sensational in
,iden+s and acrimonious colloquies which
characterized that Of yesterday but II
mas reDIete with argumerEs and oratory.
The time was consumed by Mr.. Teller
fsiIver, Of Colorado, the author of the
resolution. and Mr.. Daniel CDen) OF VIZ
einia, who supported the resolution ana
Mr. Hoar Rep1 of Massachusetts ana
Mr.. Platt Rep) of Connecticut IN oppo-
sition to it. Al delivered set speeches eH-
cent Mr.. Hoar, whose speech was IN re-
nIv to some points advanced by Mr.. Tel
1ar YESTERDAY. No other business was
transacted.
LET UNCLE SAM BE SHYLOCK.
In the course of the debate on the
resolution. Mr.. Teller said he would be
willing 10 retire from public life if by so
Going he could bring about an llLerlna-
tional bimetaIlic agreement. He MAIN
tanned that the existing contract con-
rerning the money in which bonds of the
United States were payable could not De
changed without action Of congress-ohe
nf the parties to the contract-and that
The government had right to all the ao-
Vantages he contract afforded 1t.
Mr. Fairbanks asked Mr.. Teller whether
The nresent secretary of the treasury was
now paying out only gold in liquidation OF
the bonded obligations of the govern
ment.
HAS NO WAY TO FIND OUT.
az 40 not know" replied Mr.. Teller,
'.what the secretary of the treasury Is
doing. My relations with the present ad-
rainistration are not such as tc enable me
to obtain information of its acts
Being further pressed by Mr.. FaiASanks
Mr.. Teller said his belief was that the
administration was paying the interest on
roin obligations of the government, no
such obligations themselves having ma
tured, in gold.
At have absolute information" retorted
Mr.. Fairbanks, that the administration
Is having the obligations I refer to in
legal tender notes. On January !, $29 OO0,-
D0O of bonds matured, and I am Informed
by the secretary of the treasury that
these bonds were paid, not in gold, not in
silver, but in legal tender notes"
eIf that be So" said Mr.. Teller, ''we
might as well discontinue this debate and
take vote upon the pending resolution
now"
NO NEED OF GOLD BONDS.
The point had been reached, thought
Mr.. Teller, when an effort was 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 discussed it during the past
twenty years. and in his opinion the time
had arrived for all parties to walk square
~ up to the lannon's mouth of the ques-
ton and deal fairly and honestly with
themselves ana the people.
In response to a statement by Mr.. Tel
Ter that $3.50. G09. 900 Of bonds were sold for
the purpose of maintaining the gold stan
dard, Mr.. Gear OF Iowa said it was well
known that more than 5000 600 O0o of those
bonds were sold to meet a deficit in the
treasury. The statement was fatty CON
tradicted 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 pressing obligations Of the gov
eminent
IN BEHALF OF THE MASSES.
Referring, in the course of his remarks,
to the presidential contest of 90. Mr..
Teller said that no political campaign in
this country had ever been characterized
by somuch bitterness, acrimony and vim
dictiveness. 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
liberty, for the people. not only Of this
country butof the world. depended upon