The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-01-19
LEADS ALL MORTM CAROLINA DANLES 1M NEWS AND GDRGLA M

the United States and Filipino forces
who had been working for the same end
the destruction of Spanish power"
After picturing the possibilities of an
indefinitely continued desultory war, Mr..
Wellington said:
1T is neither fair nor just to attack
the President or the Administration for
the conduct of the present war. When
the unfortunate contention began he
could not do otherwise than uphold
American authority and stand by Ameri-
can arms, and during the months of the
interregnum between the two sessions of
Congress, it was his duty to continue this
war for the upholding of American au
thorfty on the islands. The American
forces could not be withdrawn, for their
retreat or embarkation would have mark
ed the beginning of international dis
order and possibly foreign intervention.
THE DUTY OF CONGRESS.
',The responsibility of the President
has now ceased. for Congress is now in
session and it is the duty of Congress
to provide such legislation as will pro-
claim to the world in manner em-
phatic and free from equivOcation, the
with reference to tine Philippine Islands.
Il oppose the permanent annexation of
these islands for the reason that / be-
lieve it is in opposition to the basic prin-
ciple of our Government; also because
/ believe it is unrighteous and UNJUST to
deprive any people of their right of gov
erning themselves. There can be no
benevolent assimilation; there should be
mn fNp nj oh
ment and our mode of administration is
not adapted to the situation existing
among the Filipinos.''
THE \. C.. AMENDMENT.
Mr.. McEnery, Ua), gave notice that
on next Tuesday he would address the
Senate ON the resolutions relating to the
proposed amendment to the Constitution
of North Carolina.
Mr.. Turner, Washington, announced
that he would speak on the Philippine
question next Monday and Mr.. Bacon,
(Ga.), gave notice that he would discuss
his resolution ON the Philippines next
Wednesday. Mr.. Teller then resumed
his speech On the Financial Bill He.
criticised the pending bill because it af
forded opportunity to banks to issue paper
money. This surrender of the great
right to make money, should bring our
legislation into absolute contempt.
Mr., Teller read the nov famous letter
OF Nice-President A. 3. Hepburn, of
the National City Bank of New York
to Secretary Gage.
This he said, ''ought to have gone
back to the writer with a singing letter
Of reply. From subsequent events, how
ever, it is evident that the Secretary in
tended to grant the request"
BANKERS IN POLITICS.
Mr.. Teller said that when bank presi-
dents took such actions in politics as
were indicated by the Hepburn letter he
was satisfied that the situa ton demanded
severe criticism if not drastic action.
Mr.. Teller concluded that this was
not safe time to change our financial
system to go to the gold standard. Not
withstanding the so-called prosperous
condition of the country there was a Sc
I,iCus money panic in New York which
forced the Secretary OF the Treasury to
purchase about 22,000,O00 of United
States bonds. In addition to that, the
Secretary had put into national banks
throughout the country about S12O,O00.-
900 in order to maintain the financial
equilibrium.
a financial condition." declared Mr.
Teller. (which requires to be bolstered
up by the Treasury Department is a bad
condition.
Mr.. Teller thought it >unwise to be ex-
perimenting in our finances, when we
We're very well off at present.
Mr.. Chandler. u. H. interrupted Mr..
Teller to say that one question which
seemed to make the adoption or rejection
of the pending bill moral question was
the probable destruction of values in sill
YER countries.
Mr.. Teller had not concluded his re-
marks when he suspended for the day.
The Senate then adjourned.