St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-07-15
THE TREASURY SURPLUS.
Passage OF the Resolution DevOting
Ell I'd g9einf s,f.yIHlessE

Passage OF the Resolution DevOtIng
Eft TO Debt Payment.
WASHINGTON, July 1.-THE house went
into committee of the whole for the consid-
Grafton of the surplus resolution.
There was long debate which was begun
by Mr.. Hewitt OF New York who opposed the
resolution. Other speakers were Weaver of
Iowa, Randall of Pennsylvania, Payson OF
Illinois, Breckenridge of Kentucky, and Nc
kinley OF Ohio. The latter claimed that the
Democratic party was now trying to do what
Democratic president and secretary of the
treasury had for sixteen months refused to
do, and asserted that even if congress
adopted the resolution the president would
veto it. Mr.. Morrison closed the debate in
support OF the joint resolution. He denied
that the resolution was condemnation of the
administration. it left the question of re-
serve in the status in which it was to-day. IF
it was law now that 500, 900. 000 was to be
reserved, it would be law after the passage OF
the resolution. The gentleman from New
York predicted that the country
WAS GOING TO THE BAD.
It $4,000, GOO should be paid out OF the trea-
sury. In 1881 the surplus was reduced to
S1G00 coo and no harm had come to the
country. Nobody had lost faith in the gov
eminent or in the treasury to keep its pledges.
w as the gentleman talking for the Demo-
era tic party, to tell him that $4,000, 600 more
was required in the treasury because til is
was q Democratic administration? If the
people had confidence in the government in
1881, when there was a Repu biican admins
tration and the surplus had gone down to
500 coo. 600 in Gods name should they not
have faith in it to-day when it had ut its head
this good mau Cleveland, about whom so
many nice things were said and whom nobody
thought more of than he. daughter and
applause.) The general debate then closed,
and the resolution was passed, yeas 207, nays
81. The resolution now goes to the senate.
1t reads as follows;
THAT whenever the surplus or balance in
the treasury, including the amount held for
redemption of United States notes, shall ex-
coed the sum of 100000, 600, it shall be and is
hereby made the duty OF the secretary of the
treasury to apply such excess, in sums not
less than SIC, eco per month during the
existence of such surplus or excess to the
payment Of the interest-bearing Indebtedness
OF the United States payable at the option of
the government
AN ANALYSIS OF THE VOTE.
Special to the Globe.
WASHINGTON, July 14.-After all the
noise the Republicans made about the
danger to the public credit concealed in the
Morrison surplus resolution, So of them
voted for it, and with the IA Democrats,
Swelled the total affirmative vote to 2O7
The negative vote amounted only to 67 in
all. including II Democrats and So
Republicans. OF the Is Dem
ocratic votes against the passage
of the resolution nine were cast by New
York men, two came from Cincinnati, and
one each from Massachusetts, Maryland
and South Carolina. Of the siXty-three
Republicans who followed Morrison on the
final vote, fifty voted a few minutes before
to recommit the resolutions with instruc-
tons proposed yesterday by McKinlen in
of of !,
Minnesota delegation voted for the passage
Of the raCnlntin,,