The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-01-12
SENATOR TELLER'S VIEWS.

One of the wisest and safest men in
American politics in Hon. Henry NJ Tel
Ter. He has recently been interviewed
by Mr.. Frank G. Carpenter as follows:
How about Colorado during the COM
ing Presidential campaign will il be a
silver State?" / asked.
Eyes, there is no doubt about that. The
sentiment here is overwhelmingly in IA
.vor Of silver" said Senator Teller.
Senator, it is now almost four years
since you left the Republican party. Have
you ever regretted doing so, and do you
regret it now?'
No. i have never for an instant re-
GREETED it," was the prompt reply Il do
not regret it now. l left the party be-
cause i could not conscientiously stay in
it. 1t would have been moral suicide for
me to have done so, believing as / do that
its leading principle Of action on the
money questions is contrary to the good
of the country and of the people,
Then this means that you will not be
with the Republicans in the coming cam
Daign?'
Yes"
will you be with the Democrats?"
Il must be with them, because the par
amount issue, as / believe it, will be the
financial issue, and on that question they
are practically in accord with me-
Does THAT mean that you will be for
Bryan"
Yes. | think So replied Sena tor
Teller. sit looks to me as though Bryan
would be the nominee
do you think he has any chance of
being elected?'
II think the chances are better THIS
time than they We're in 1896. | never
thought he would be elected during the
last campaign. He may be now. His
friends have grown and he has
grown"
''Do You think the question of expan-
sion will have much effect upon the cam
paign?"
'Yes, q do: and have the idea that it
will lose the Republicans many votes.
think that we should carry out the reso
buttons we adopted when we declared WAR
with Spain. We then said that we did
not want to exercise sovereignty, juris-
diction or control over Cuba, and that
after we had made peace we would leave
the government and island to the con-
troll of the people. I think we should do
as we have promised and that we should
treat the Philippines in the same way.
don't believe our people will approve the
large standing army which we must have
if we keep the Philippines. / don't be-
lieve we want those islands to be States
of the Union. Their people are certainly
not ready for it now. and it surely will
take a long time for them to become So
Returning to my talk with Senator
Teller, j asked him whether he did not
think the present booming times were the
result of the increased production of gold
the world over. He replied:
mo. | don't think so. though that has
helped. We have had an expansion of the
currency from several sources. There is
more money in circulation and more
credit. For every dollar of an increase
in circulation we estimate that there lis
$50 of an increase in credit. l believe
this is a good thing. Our increased cir
culation comes from the fact that we
have been selling vast quantity of our
cereals to Europe for several Years.
Within the past year alone from that
source and others we have received from
Europe S102, 000, 900 worth of gold. The
war with Spain put about 0O,0OO,00O
into our circulation, and to this must be
added our own gold output of 500. 600 600,
so that altogether, the increase has been
enormous.
'fNow," continued Senator Teller, "dur
ing the time of depression nothing was
being done in the way of railroad build,
ing All sorts of construction enterprises
stopped and the country was practically
at standstill. The old stuff began to
wear out. Some of the railroads found
it necessary to put down heavier rails,
others did the same. The factories began
to be filled with orders. the increased cir
culation helped, and all at once we found
ourselves with as much on hand as we
could do"
Senator Teller is also quoted as say
ing:
1T is ridiculous to compare Colorado
with the Klondike. We had one county
(Gilpin, I think the Senator said, that
produced more gold last year than the
klondike. | think men are fools to go
way off to Alaska, when they might come
here to Colorado and do equally well or
better" -
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