The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-03-04


senate convened today Petugrew intro
ducsd and the senate passed resolution
instrucffuH the secretary of war to SEND
to the senate the court-martiai proceed
ings Oh 1884 against Lieut.. Col corbin'
now adjutant general of the army. The
resolution also calls for other iniorma-
ton upon corbin's military record.
Ross Speaks Against Quay.
The Quay resolution was then laid be-
fore the senate and Ross argued against
the seating OF Quay. He announced that
his conclusion had been arrived az oniy
after a careful study Of the constitution.
He coptended that under the constitu-
tIonai provision n vacancy In the senate
could only be filed when II occurred our
ing the recesses of the legislature me
QUAY case did not, to his mind. meet this
requirement.
Teller Discusses Financial Bill.
Az the close OF Ross speech Teller took
the floor TO discuss the conference report
on the financial bill. He maintained tnst
too much power was given the secretary
of the treasury and he was opposed 70
MI the provisions of the measure, winch
ne discussed at length.
Teller said he did not believe Il was
good thing 70 extend the pubic hept, pu,
he did not think the gold standard couio
be maintained without H.
Teller asserted that there had been no
effort made IN the last twelve years 70
reduce the public debt, nor would mere
he bv the Republican party. Teller asked
why with ali the money in the treasury,
1, could not be used to pay the current
expenses instead OF issuing bonds
Allison replied that this would prevent
any evil effects from possible en'ess
chain, and was 10 prevent dram upon
the treasury.
Teller said the power conferred upon
the secretary OF the treasury under the
nrooosed law was practically unlimited
lie thought that except In extreme cases
n WAS a mistake to give unlimited au-
tborftv To an Official He did not. there
fore believe the secretary should nave
the power TO suspend the issuance OF GER
tincntes. There wns, to his MIND, no rea-
son for tho provision for the exchahse
OF bonds.
Referring to the premium OF per cent.
on the proposed bonds. Teller argued that
they would go higher. because the holder
could at any time get the full race Vaiue
Of them In money. drawing per cent.
interest while holding the bonds. mean
time paying no taxes
He predicted that under the operation OF
the proposed law the banks could con-
troll the volume OF the currency When
they want TO create a fall In prices or
"a cocrce congress they Will have moth
ing to do but 60 to the treasury with
their notes. get the currency and return
them when they get ready. thus forcing
contraction or expansion AT will, and thus.
he supposed. giving us the promised elias
tic currency. Under the provision the
banks would practically control the bus
mess OF the country.
Referring 70 the recent act Of the treas
ury In coming to the assistance of the
hanks IN an emergency. he said that the
l.. 81 - ...xxrb ~
taken out without creating disastrous ef-
fects. He did not mean to criticise Sec
rotary age for his action In that mat
ter. He did not believe him to be dis
honest, but under the power given dis
honest man In his position could have
made untold wealth out OF the transac-
ton lie did not blame the banks. ha
said. but the system which allowed the
government TO 20 to their relief whGen
asking for relief. why should the gov
eminent sustain bank any more than
any other institution
Teller criticized the bmeta,lic declaration,
of the bill as silly and weak a. II meant
nothing. No man who had voted for the
bill NJ IL passed has a right To call him
self a bimet aiiist. Senators who had stood
here for years calling themselves bimctti-
lists had accepted the gold standard bin
Mt the dictation of a caucus. and the prob
ability was that they would 90 to the fun
length demanded hs the hanks.
At o'clock the pension appropriation
hill was taken up. but on account OF tho
slim attendance OF senators Its final con-
sideration was postponed.
TIL. senate then went into executive ses-
sion.
After the executive session the doors
were reopened and the senate took IN prl-
waite pension bills. or witch thrty-ssven
we're 2sseod.
Eppes' Death Announced.
Martin announced the death OF Repre-
sentative Eppes, and the following soma
tiers were appointed committee 10 attend
the funeral ON behalf OF the senate. Messars
Daniel. Martin. Perkins. Scott and Harris
As further mark OF respect the senate
then ~ 5.& y, m. adjourned