Show tellers BLOW foil OR SILVER i thinks the time ripe for a sensible law I 1 INCOME TAX AND COINAGE to the french method of optional payment la in gold or silver supports the income tax as a tie ite venue method and says it has come to stay stewart and bodga bodt 0 e heard from washington D C jan 12 11 senator teller addressed the senate today to day in IL a speech marked by force and eloquence of earnestness A large crowd had been drawn to the galleries by the tha announcement that mr german would urge a striate seriate resolution for the currency rency problem and although sir gorman did not speak the spectators were not disappointed mr teller took the tha income tax as a text test supporting it but branched into a coni comprehensive sive review of the present conditions of tile treasury and the remedies demandel demanded he severely arraigned the Admira stra lion tor for alarming the country by agitation over the currency bill bl 1 l the senator urged that the restoration of 1 ilver was the only effective solution but said he did not expect this solution at the pres present crit time from either of 0 tho the great parties or from the populists lists the speaker said the gola eola supply was down to and was rapidly disappearing any prop proposition estIon to do away with fill the income tax therefore should he be accompanied by a plan to raise the revenues of the government required teller save gave aa his bis opinion that the income tax would become permanent ma rient even though if was limited to five years by the present law Us ile believed it was such an equitable tax tat that 1 a people no apie would insist upon its continuance import duties could not bo be put so BO high as entirely to keep out goods and without these digil duties there was certain ti to be a deficit in the revenue it was essential therefore that some middle course should be adopted arid and the income tax was a most just means of taking tailing this course teller spoke of the vain and fruitless efforts of the executive branch of the government 0 o do something to relieve the present distress of the government and peo pa pla I 1 LUNACY I 1 rt it shows said the benat ar ilia haft itha ill A IT tf iwa hta h zin ln ssan 11 apik 4 I 1 lust u I 1 y 0 og 0 the 0 scheme ar Z 0 aa ifera thel the treasury tr easum ai art m ahe ir e te re ferretto d to th the e curren t f t it th tha J ref n ute itei to a stenographer I 1 r wish to tel all due respect to this bill said teller coming as it does from such high sources but if such lucli a measure came from any senator or member it if it came from any populist it would be branded as the height 0 1 lunacy teller declared the currency bill proposed to inaugurate the old era ot of wild oat cat paper it violated every principle of finance in this country or any other teller ridiculed the talk about elis el asto tIld and flexible currency when the th banking corporations had charge ot of the elasticity there Is about six weeks remaining in this congress said teller now does any person seriously believe tha revision of 0 the vast currency system cart can be accomplished in that time tl rno the senator argued it was time the executive authorities stopped what he characterized as frantic demonstrations fright RESULT OF SILVER DISUSE mr teller examined in detail the bimetallic allic system oUr ot France rance under which th that e country 0 u try now enjoyed absolute ra anbu 1 1 lan senator hawley rep of conn at this point interjected a artIve of fit his personal experience in paris on tho night before france franca raised the vast sum to pay its war indemnity to germany sir mr teller argued tit at length to prove the low price or of agricultural products today to day was the direct result ot of the of silver first by germany then by the united states state arid and lastly by the latin union in every country which had kept its montt C open to silver prices of staple products haj had remained absolutely stable during the last twenty five live years he cited at 1 illustrations of that tact fact india mexico china and japan it has been charged lie he said tant those who wert in ili favor of bimetallism were not in favor of sound money but it if sound moncy monc y was to be preserved he be warned the senate it would be b preserved preserve ct through the efforts bt bf the so called silver or men GOLD COLD BASIS TOO NARROW if the sold gold baals was insisted upon it would lie be found too narrow and tb the time would come when an of paper money could not be resisted he described the growth or of social lvin and anarchy jr in thi country vine the d alf honeil z aaion of allver the M that had bad grown up between cusse this conditto condition n had been prot produced by legislation iare are we now 11 ow he ailed to admit we haxe have neither the wit nor wisdom to ta undo what we have donet Althou although zb ills his side was I 1 lot charsar with the far the present sent situation he ha tor for one would join with his bis political adversaries in any scheme of relief that ar pealed to hs lud judg ment but ine he had little hope when ww saw the senate of T the united states confronted confront 0 d wi lh such a i situation BU pin ely waiting to see leo whit what europe europa di als and ja deplorable v would do it was graceful laceful A change ot of administration adall str atlon sl mj iii t aid rn mattard matt m t t ei erd s b but ut ho ha d 0 u b t 0 1 it t th baisi administration d tl 1 s t r A il 0 u the e last t n republican e p u b i le a A ri eved anil and he Lell believed was voted out of at power powe it defeat 1 latt fall the people bad ove overthrown brow 1 tho the democratic ra rna mar la the I 1 hou mccause bell sel tile the democratic or r t arty had fad sown 0 jovn itself incapable it of with wit h U the ke problem before As for t the populist pop party he ha did not bite party of alli ve e II 11 ever would lie be a it eforo lio lie believed power and therefore ther would won d d devolve on 0 either tile the republican the th democratic party to solve or eventually when the 1 res slue e problem would at last force foree 00 of 0 tho the people logical action on this monetary 1 scheme to secure wa ills vote cm any I h he de beilein ildved cd must IZ be in line with what to 0 o bo be its 00 pol I 1 11 lion ullon sir mr tier closed will 1 I a eloc luent PP kp side eide of tile le peat peal to tho ae on oil the othet chamber to present a solution oath 0 the c leung problem which would hotsur I 1 rc edw r 4 baver ver it should be tit no but madisc it shift 11 no temporary iry expedient I 1 should be a ample ale to aycart a crisis snore dari cancerous gerotis to tho the american cepl people than of even wor REVENUE NEEDED I 1 sir mr lodge rep hep ot of ma mass S 9 spoke ot of the danger of 0 arresting appropriation and ana thus it killing law ton Hs he dill aid not therefore mhd approve or re refusing using the appropriation atlon necolie airy iry to execute the imposition of a the lae income tax direct income tai tac was waa tile the necessary result of 0 abandoning the protective pol policy licy of indirect taxes ile he referred to tho the present cry for curri currency encY legislation IB As p X move e invented to cover up the most cism dismal ai failure in tariff legislation the country had ever seen the first step to take to overcome the dis tirma ot of tile tha treasury rv was to raise more rev en iii none of those could rass pass but it if the 01 one ae essential thins thing was vas done dole more revenue cecur secured ed for or the treasury he find and his colleagues leagues tol collea cues would r badly as assist in passing a measure to end such a measure vas va imperative e instead of any more such euch bills os is the one just kicked to leata death la in uie the houss of R representatives capre t I 1 ves mr bit stewart of nevada navada followed with a bace ch urging the restoration of sits of remedying remedy lne ver var os as the only moans means tw he precept distress in tile the condition of tile the government at af 20 0 mr stewart yielded the floor to resume monday end and the senate at p m adjourned |