HENRY MOORE TELLER.
Senator from Colorado. The most prominent
among the "Silver Senators."

Grover Cleveland was the first President of the United States who had an interval between his two terms. His inauguration was succeeded by a financial stringency, which appeared in the summer and autumn of 1893. There seemed to be a weakening of general confidence in all parts of the country, and much suffering followed, especially in the large cities, greatly relieved, however, by the well-ordered system of charity. Many people thought that one cause of the trouble was the Sherman Bill, which provided for a large monthly coinage of silver. Congress was convened in extraordinary session August 7th by the President, who recommended that body to repeal the purchase clause of the Sherman act. Such a repeal was promptly passed by the House, but met with strong opposition in the Senate. There is less curb to debate in that branch of Congress, and the senators from the silver States, like Colorado, Idaho and Nevada, where the mining of silver is one of the most important industries, did what they could to delay legislation. Some of the speeches were spun out for days, with no other purpose than to discourage the friends of the measure by delaying legislation. Finally, however, a vote was reached October 30th, when the bill passed and was immediately signed by the President.

THE WORLD'S COLUMBIAN EXPOSITION.

The most notable event of Cleveland's second administration was the World's Columbian Exposition, held in Chicago. Properly the four hundredth anniversary of the discovery of America should have taken place in 1892, but the preparations were on so grand a scale that they could not be completed in time.

Model of U.S. Man of War Built for exhibit at Worlds Fair.

The part of the government in this memorable celebration was opened by a striking naval parade or review of the leading war-ships of the world. They assembled at Hampton Roads, Virginia, coming from points of the globe thousands of miles apart. Steaming northward to New York, the review took place April 27, 1893. In addition to the thirty-five war-ships, there were the three Columbian caravels sent by Spain and presented to the United States. When ranged in two lines on the Hudson, these ships extended for three miles, and represented, besides our own country, Great Britain, France, Germany, Russia, Italy, Spain, Brazil, Holland, and Argentina. The steel-clad yacht Dolphin steamed between these two lines, bearing President Cleveland and his cabinet, while each ship as she came opposite thundered her salute. No conqueror of ancient or modern times ever received so magnificent a tribute.