The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-08-06
TwENTY-NINrH CONGRESS.
Senate.
WASHINGTON, August 4, 1916.

pvRso~AL LxPLA>ArioNs
Mr. ALLIE, rose to correct misre port OF portion OF
the recent marks Of the Senator from south Carolina
(Nr Calhoun) the Sub Treasury during the late dis
cussion in the Senate upon that subject Mr. Allen then
rected progress Of the through the House
the guards put upon the bull to prevent me nirac
ton OF its specie acquisitions, as came into the senate.
The bill then referred to the Committee on Finance,
who hal reported 1t back to the Senate with an amen
men changing the whole character of the measure in re-
ference to the use Of paper in lieu OF gold and silver
the drafts which had been limited to biils of exchange
being by the amendment extended to embrace general
paper circulation only limited by the amount OF the ex
Psnaltures oil the government In the oscnsson wn'cn
followed Mr. Allen said he had freely stated bis opinions
OF the effect of this proposition The point 1sc ,n
he wished TO call the attention Of the Senate, was
that the Senator from South Carolina Iegreted that
of the friends OF the bill were disposed to
strike out the clause allowing the use OF Treasury
drafts in the very capacity Of exchanges as had been
allowed un Ter previous law II was material to correct
this misrepor msconcepton of the debatefrst, be-
cause the Senators opposed to the amen ment extending
the use of drafts no restrictions not
with the spirit oil the former law-seconi, he desired 10
remove the impression that the had hereto
fore exercised the use Of drafts in form which was
here refused 10 grant thus hamperng the administration
In Its financial operations. Tho amendment for the dis.
bursem Of drafts not opposed on this ground by
him He had no desire 10 embarrass the administration
but in conflict with his views OF financial policy, we'll
settled aud he believed, pretty well understood he did
not desire to court the glory OF inconsistency.
MIR CALHOUN said the report Of his remarks referred to,
correct He had expressed his regret that form Of
drafts heretofore used under the subtreasury system,
allow ed by this bill reported from the House
He regretted the restriction here imposed He was OF
the opinion always had BEEN that the of the gov
credit would be Indispensable to this sub trea.
sury system. He had never designed 10 intimate that
Senators disposed embsrrass the administration
by this restriction against the of drafts His views
upon this point differed with Of the Senator fom
OHIO, only to the mode and extent Of the dsburse
ment OF the drafts.
Mr. Bxs,o was understood to ask II this amendment
Were made In Committee OF Finance
MIR Lhws.-les sir it was.
MIR BESIoN.-f did not know thing about IL, sir
MIR. LEWIS said that three members Of the 40 nmntee
were present, when at the instance Of the SECRETARY OF
the TIea the clause for the disbursement of drafts
was inherited 1t had doubt, escaped the attention OF
the Senator
Mr.. BsSroS II know nothing about It, sir. saw
nothing OF saw all the rest Of them but this, more
important than all the rest, did not see. SIR
MIR Lawns said he bad no doubt il hal escaped the
sena ior's attention IN nmittee he amendment was
inserted at the OF the Secretary Of the
Treasury.
Mr. Be,ro~ after defining the Legislative rule of pro.
cssng said he had known any such thing this
in any subueatury act in his life. And in this scheme
that the Secretary Of the Tres,ury in his attempts
this bill, guilty of high crime and
and question Of impeachmen, were fssea, ne snoaa
Legislation Of Congress
Mr. Lrws especially desired to place himself right be-
fore the public BY telsgraphc report had gone forth
TO all the Northern papers that the ame ndmen which
he had proposed provided for an mitable is,ue Of
as represented by the Senator from Missouri (r Ben
tom but in fact its operation would be widely different
Mr. Lewis defined the operation Of the disbursement oil
drafts proposed-it only differed fom the bill i,
passed in thus that while the amendment would have
allowed the transfer Of the drafts by the disbursng ON
Ger, the bill otherwise requires an exchange with
broker for the specie The difference therefore, was
that while with the amendment the facilities Of the
transfer Of the drafts would be given to the dis
bursting officers without 1t, the medium of trans
fer would have to be broker who would employ
the drafts circulating medium, just as largely az
they would be employ cd under the direct transfers
OF the distressing officers The same amount of drafts
now be employed as the amendmen MT had been adopted
Besides, he bad proposed tho most stringent limitations
to tse provision itesuch allowing drafts under
s2oo, and none of character differing from those here
hy ths
In ths amendment, toe the disbursement
taoish an issue OF government paper He had corrected
he hoped the reporters would place him in a
position, and do him justice in this respect
Dir CALHouS said 1t was impossible produce the i'm,
preston that he in favor of establishing govern.
ment paper currency. His and opinions too
vocacy Of the clause for the use OF drafts he all
in favor Of any thing short Of an honest subeaury
Mr.. 5IMMoSs corrected the Senator from Alabama in
one remark, and
Mr. LEwis stood corrected.
Mr.. sfmaors thought there was a very good distno
ton between the bill from the House.
amendment of the Committee OF Finance for the DIS
bursemsnt of d. nfts. That amendment would throw
much larger amount OF paper money into circulation, al
MIR. Lewis don't call II paper money other gentle
men do call them Treasury drafts.
of the Chairman Finance in behalf of this amend
for the disbursement of drafts and the fact that
Recommendation OF the Secretary of the Treasury
1t was pretty clear that the honorable Senator mus
have unprecedented something of the scope Of its opera
tons.
Mr. spsIoHr (sotto voce).-It has foundation II
truth, sir
Mr. srxxoss proceeded In his statement Of the bear
Ing Of the anon ment
Mr Lew. Does the gentlemen doubt my sincerity
Mr. snxors-No, sir, was going on to say that
Mr. Cas- appealed that the whole debate was out OF
order at this time
Mr. srsIssr un his seat OH let him 20 on and make
stsrif speech on It.
nr. ArcBisos--Are reports from committees in or
.dsr7
Thc Vics PsssDs,r-They are, sir.
Mr.. ATcH'soS made report
o. motion Of Mr. H.xSEoAv, the usual extrs .llo ".
ordered to the clerks messengers of the
Senate
RAILROAD IRON.
Mr.. EvASs moved take up tue bill for remitti d,,
ties upon railroad iron in certain cases.
Mr. Lrwis-l hope not air.
Mr.. BErroS ct this stage Of ths session, opposed
TO going outside the calendar. He suggested, nrst
disposal Of the general appropriation bill and secondly
the uncontested calendar In its order.
The bill was taken up, ~ to IS.
by . recent act ell railroad iron imported within