The Argus. (Rock Island, Ill.) 1885-1886, 1886-07-31
DEBATING THE SURPLUS.
THE SENATE SPENDS ANOTHER
DAY ON THE RESOLUTION.
Coke and German Discuss Honest
. Money"-Pension vctoes Sustained In
the House-Another Chance for Henne-
pin-voorhees' Interview with Ciese-
land Regarding an Appointment.


pin-voorhees' Interview with Clese-
land Regarding an appointment.
WASHINGTON CITY, July 3I--The Morri-
son surplus resolution was discussed at
length in the senate Thursday, Senator
Sherman say ing that it would contract ma
tional bank circulation S1U,Oo0,0oo. Jones
of Nevada, made long speech, declaring
that there would be no contraction if the
treasury would coin silver dollars to the ex-
IRENE limit of s4,0W,0C0 per month He
said people wanted money--not silver or
gold particularly, but money that would
pay debts, regardless of what it is made Of
He promised that this question would come
up at the next session, when he proposed to
have scrue important questions answered.
The senate adjourned after holding an
executive session.
Friday Immediately after the journal
was read the senate went into secret session
and confirmed the nomination Of George A.
jerks to be solicitor general Also the
nomination Of John b Reedman to be col
lector of internal revenue for the district of
Maine 1he secret session lasted but about
five minutes. The doors were then re-
opened and routine business was proceeled
with.
Edmunds moved to amend the amend
ment to the surplus resolution by substi-
tuting the president for the secretary of tho
treasury, so that it Will read:
When in the opinion of the president
the public interests shall require it, he may
direct the secretary of the treasury to sus
pend the further CALL etc the amend
ment was agreed to
Coke moved to ,ldd the following pro.
viso; Provided that such suspension, and
the reasons therefor shall be reported to
congress within ten days after its next
meeting, or Immediately if congress shall
be in session; agreed to-
Consideration of the surplus" resolution
was then resumed and Teller continued his
speech in opposition to the amendments
Vance supported the resolution rs it came
from the house German addressed the
senate in favor of the resolution as amended
and asked his Democratic friends why they
condemned even by implication one of their
| officials who lad the courage to do that
| which was right and that which he was
authorized to do under the law.
During the course OF his speech a colo
| guy took place between bimself and Coke
respecting tho payment of bonds in silver
dollars, and in answer to question, Cor
man said that he did not think 1T would
| have been al improper thing for the secre-
tary OF the treasury to pay cut some of the
| silver dollars on bonds lie was for silver
and for gold. He stood precisely where his
| party stood-by the declaration of the Chi
| cago platform, in favor OF honest money I"
Coke inquired o; German il he considered
the silver dollars in the treasury honest
money! in the sense that phrase was used
in the Democratic platform. Replying,
Gorman said: so long as the law remains
on the statute book declaring them law
full money, as matter OF course they are
lawful money
| Cokc-Are they "houest money
Iorman-We are bound to assume that
congress has made the silver dollars honest
money, but Notwithstanding the edict, we
can not make the people keep the silver dol
lars in preference to gold. lie then pro.
ceeded to show how Secretary Manning had
averted the threatened panic when he took
possession OF the treasury department by
keeping larger reserve than before and
retaining the parity between The two met
ais He thought II extraordinary at least
to pass a resolution condemning the secre-
tary's policy.
Debate was interrupted to permit the ap,
pointed of MessIs Dolph, Teller and Cock.
rell, as conferees on the bill to forfeit the
bonds OF the Northern Pacific Railroad com
pany.
Debate beng resumed Mr. Gibson favored
the amendment TO the surplus reso utioi
proposed ty the committee on finance Mr.
| Whltthorne favored generally the house
| ~, s,l,.s