The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-07-15
NORRIS0N7S MEASURE.
THE SURPLUS RESOLUTION
Passes the House of Representatives After n
spirited Debats-The Evil Effects of tho
Resolution shown up by HewItt-SIc-
KInley gets la some Good Lieks.

RESOLUTION shown up by heWltt-9tc-
KInley gets la some Good LIcks.
WAsuISGToN, July 14,-The House to-
day went into Committee Of the Whole on
the surplus resolution,
Mr.. Morrison, OF Illinois, offered the
following amendment: The surplus oibal'
anCes herein referred to shall b0 the avail
able surplus asCsrtained according to the
form Of the statement OF the United States
Treasurer of the assets and liabilities oi
the Treasury OF the United States em-
ployed June 50, 1856.
Mr.. Hewitt, OF New York, then took the
floor in opposition to the resolution, The
resolution. ne said, provided that wheR-
ever the surplus exceeded SlOO,0OO,0OOr
calls for bonds should be made. The re-
suit would be that II there was a hundred
and one million dollars surplus a call must
be made and thus the reserve would be
reduced 10 SOL, 100000. II the gentleman
from Illinois did not intend to do that he
had better modify the language OF the res
olution, 50 as to provide that when the
surplus reached Sll00 900 there should
be q call,
The gentleman from Illinois based his
advocacy Of the resolution on the saving
OF the intereat. Assuming that SO ,000,-
900 was the amount which would have TO
be paid out, the saving in interest would
be about two and quarter million.
A FOOLISH IDEA.
The gentleman said it would release
from the TrsasuySlOO, 900, 900 which would
go knfothe channels OF trade and give EN-.
ployment to 100000 mer, and support
100000 people. The gentleman was too
familiar with the principles which govern.
ed the business not to know how II this
act should impair public confidence, the
saving OF two and quarter millionR would
be case oil saving at the spigot and leak.
ing at the bunGhole. Instead OF giving
to 100000 men, 100000 men
would be dismissed from employment on
the very first day that the public realized
that under the action OF this resolution the
OF the Treasury was impaired,
and iEs ability to meet the obligations was
undermined. Such consideration as the
saving OF S2,250,000 was tyitling in com.
parisOn with the danger and disturbance
which would result ii the financial trausaC-
lions OF the Government we're seriously
impaired by the operations OF the rcsolu-
ton.
AMIs1AKEN BELIEF.
The gentleman was mistaken in sup
posing thu release OF this money from the
Treasury would put q single man to work.
There was to-day idle in New York more
than $75, 900, 900 0f unemployed capital. II
that capital could be made profitable it
would be employed. II this 5000 900
came from the treasury 1t would not be
given 10 men who are short Of means. II
would be paid to bondholders who would
simply pocket tho proceeds In market
already abounding with capital, and not
single human being would be employed
by reason OF the release.
He did not consider that the action oil
the Committee on Ways and Means and
the Committee on Rules was declaration
Of war against the Administration. II the
resolution should be adopted, however,
he should regard it as vote Of want Of
confidence In the policy OF the Admins.
tra!ion. The Democratic party believed
in honest money, and the President Of the
United States when he accepted the nomi-
ton OF his party planted himself squRrely
on the declaration Of the platform.
THE PRESIDENTS ATTITUDE.
lie went into no detail. He accepted in
broad and generous declaration, and the
President regarded his promise to observe
the declaration Of the platform TO be as
binding upoa his conscience and action as
was his oath 10 support the constitution
and maintain the laws oi his country. The
President had never left the country in
any doubt as to how he construed that
platform. The masters OF finance had be-
gun to prepare for the house Of danger
and the collapse Which they thonght would
be beineyitabls. He knew three Democratic
institutions in the city Of New York-he
would not name them lest 1t should bring
down upoR them the condemnation Of lees
enlightened men-that had accumulated
more than $25, 600, 900 In gold as prepar.
alton for the change they thought was
Mr.. Wsrner-"Dld the change comeP ~
Mr.. Hewitt-"It did not, thanks 10
Grover Cleveland, and the magnificent
administration OF the Treasury Depart
ment, which has carried Its fame all over
the world"
RKsULTs or THE RESOLUTION.
In conclusion, he then summed up his
objections to the resolution. -Four months
after It's passage, the country would be
brought back to the condition in which It
had been on the 4th OF March, 1885, and
gold would be withdrawn from circula.
ton. The moment that occurred millions
OF men would lose their daily employment.
Then q demand would come for green.
backs, and the long struggle for sound
currency would end In dat money. OF
course, when tho country has passed
through the valley Of the shadow ot death
which once II had travelled with tears
and lamentations, made wiser by suffering
taught by bitter experience, 1t would
slowly retrace its steps 70 the basis OF
honest money, the money which the Dem.
ocratic party, from the time Of Jefferson
to the present day, had insisted was the
only money for the people; the best
money; the money which measured all
otheFi. Gold was not too good for the
workingnen; not too good for the
orphans and widows; not too good for
The citizen who wished that justice should
be established and maintained 10 this land
forever. The policy Of the AdmlniStra::
tIon was 10 keep gold and silver married
for better or worse one az gooa nS the
other, neither the better hall Of the other,
But when the time cSmO that tho choice
must be made between them the President
Of the United States would adhere, as he
had promised aud sworn 10 do, 70 that
standard Of value which paid debts in the
value intended Rt the time the debts were
contracted.
NOT A SURPRISING PRopostTtoN.
Mr.. Mckinley, Of Ohio, said, that this