Show MR TELLER SPEAKS ON SILVER no ho says say some settle plain things about the ne lation of parties to free coinage in the senate on the senator henry M X teller took occasion to address lis his fellow Tn embers on oil the subject of 0 tree free coinage of 0 oil ell yer ver lie spoke without notes anil and his hi words received close alt attention antion in the senate roil and in III the gallery lie opened by declaring that tile the defeat of the republican party in ISOO 1800 was duo due to the sliver silver question rather than the tariff question in view of the fact act that tho the senate had bad heretofore passed a tree free coinage bill by it vote of 43 to 25 ho n hat iraa the reason that now the senate showed such an indisposition to repeat that action in looking for or the reasons tor for their change of attitude mr teller pointed out several influences that had had bad weight first he mentioned the influence ot of the executive as exerted through the newspapers and bythe by the use of federal patronage the democrats 0 of the house he declared dee lared 4 ere afraid to pass the silver bill for fear of losing the electoral vote of new york the bankers 0 of new york too had brought powerful pressure to bear on congress to prevent the passage of the bill 1 I know when the bill was before the house that telegrams from bankers telegrams from brokers petitions from chambers of commerce and boards of trade were kere piled in upon the members and we were told that it if this legislation took place there would lie be dire disaster when ben every one of those petitioners petition ers knew that there was no probability of the bill becoming ft a law w hen ben they know knew they badin had in the executive chair now as they had during the ilia last adain admin administration eistrat ton ft a friend who mho would brave public sentiment f and the wishes blaes and wants want of the people to satisfy them the influence of european countries which knew that it if bimetallism was adopted in the united states they would be compelled compell cil to abandon the solitary gold standard had also been brought to bear be ar and consolidated capital had bad maintained ft a lobby here which had not cot been paralleled in r strength during Ms ills mr tellers Teller 6 public life lie ile traced and inscribed the low price of ni wheat beat arising from thu the successful competition of india to the de of silver by the united states in IS M the indian shipper could buy wheat in bombay at a bushel in silver ship chip it to england at 11 14 cents ad additional making and sell it in the british market at 70 cents in gold the american shipper hl receiving the same price found his 90 cents worth 00 cents and no more the indian shipper with his 00 90 cents in Ingold gold could buy an ounce bunco and a 11 tb third irdon allver could put into rupees at 1 38 an ounce and thus his ounce and a third of silver w bould yield him in the currency of india or suo and tuc the I 1 had the same purchasing power in india that it had thirty or one hundred years ago the american shipper got 00 90 cents the indian shippers we hear bear everywhere now the cry of an honest dollar t that thith his is been the shibboleth of our opponents an honest dollar and abc they assert that every man who Is in favor of the free coinage of silver is dishon ct i that he be Is in favor of a cheap dollar that he Is a reaud lator of the public faith what Is the purpose of tree free cot col n nagel age I 1 it is to make the bullion out of the silver dollar worth just as much as the bullion in the silver dollar with the government tump alamp the purpose then of the tree free silver to put silver bullion to par but we are arc talked about as if we were in favor of taking 70 cents worth of bullion arid and making it into a dollar IV when ben we late haie opened our mints there will be no 70 cent bullion in this country mr teller took occasion to deny the state merits made some time ago that he arid and others had bad mado made a trade with the supporters of tho the force bill in the interest of the free coinage bill 1 I now come continued mr teller ato to the republican bartys attitude on this question are arc we to be put on single gold standard or are we to have another misleading plank in our platform w u litch shall mean one thing on the stump arid and another in executive administration i 1 IsaY I say with much deliberation carefully weighing my words word and sand know knos log ing the comment they will occasion that it if the republican party stands for the gold standard the few silver producing states of colorado montana nevada and idaho will not hereafter be abio abie to act in operation cooperation co with the republicans in this or any other body why should we wel wo we have local interests which aro are paramount we supported the mckinley bill not because lt it was our interest to do so eo tor for we tire are not manufacturing states but because we believed the prosperity of the whole nation was bound up in this protective scale we intend so eo to stand in the future wo we malic make no I 1 threats but n a cannot continue to insist upon 11 government by a party hostile to every local i interest we have I 1 do not v ish it to be inferred that the democratic party would be any more liberal to us than the republicans have been it la Is true we lave have from that side bide many supporters but like our own party they are in the tolls tolla of a power they dare not defy and the danger Is that these two great political parties in their anxiety to control the stat state 0 ol of new york will neglect and repudiate the interests of the great masses of tile the country and act alike on this silver question |