New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-07-15
A BLOW AT PUBLIC CREDIT.
MR.. MoRRIsoNs RESOLUTION ADOPTED.
DEMOCRATS REBUKE THE ADMINISTRATION A
LIVELY DEBATE.
INV TEL raR lPU To THE TRyprvr

WASHINGTON, July Ill ue DcuOCIutiC ihh~
jority in the House to-day did something more than
pass vote Of condemnation upon Democratic Presl-
dent and Democratic Secretary Of the Treasury 1t
refused even entertain motion offered by Repuo-
cao declaring that In passing the order tor reversal
of the Administrators financial policy the majority OF
the House did not wish it's action to be construed as
reflection upon 1.-THE wisdom patriotism or integrity OF
the President and Secretary OF the Treasury Inc
Democratic majority did still more-it directly attacked
the public credit: First. by rejecting Major Mckinieys
amendment providing that the ereenbacK reserve
fund, accumulated under the Resumption act shaii
be maintained and used for no other purpose
except the redemption OF United States notes second
by voting down Mr.. uscock's amendment providing
that resolution shall operate so as to trench In
any manner upon the greenbacK reserve: third. by
throwing Mr.. Reeds amendment giving the score
tary Treasury discretionary power to allow
balance of Sl30,00o,000 in case an emergency shouu
require fourth by rejecting by vote OF ISl 10 10
Ex-Governor Longs proposition to give the resiuen'
power suspend operations undor the resolution IL .
should appear NJ any time that the execution tnereoi
would impair the public credit hfth' oy oeio~'hs al
amendment providing that bonds redoomea "nucr 'ne
resolution shall bs paid for In gold or i's eQVsen''
and sixth. by forcing through the House a resolution
which depriyes Tho Secretary OF the Treasury OF all
a,.crrt,ou I'm the administration OF his department no
matter what emergency shall arise Moreover, the
Democratc majority again betrayed the fsIseness OF It's
own professions OF economy and reform"
Within the last four months the Democratic leaders
have done these things: First they srothered the
Educational bill because there was mo money In the
Treasury" to meet expenses second they refused
10 repeal limitation In the arrearagcs or pensions act,
for third they brought In Dill 10 r."
dues the revenues S25 $50 900. 000 fourth.
they passed and Harbor bill carrying more than
S15OOOOOO; fifth. they fought two days for rule to
allow them attach tax provision to every pension
BILL because they failed they refused even to con-
alder further pension legislation. except such as VIII
benefit who participated In the Rebellion, as well
as those who fought for the Unioh' the e1-
cuse being that the condition OF the Treasury does
not permit further appropriations; sixth. they at
tempted by rider" on appropriation bill to nulfy
the Civil Service law seventh they passed provision
20 initiate currency the extent OF 800 100000 III
silver certificates; eighth. they now bind the secretary
OF the Treasury by castr0n rule which forces MIN 10
pay to the bondholders S7o.00OOoo within the next
seven months deprive him of the discretion which
in necessary to a safe and successful administration OF
the fiscal affairs the Naton-and they do this TO re-
duce surplus" which they declare dd otexst when
the money asked behalf OF the Union veterans IN
behalf OF education, and to pay honest debts lawfully
contracted by officers OF tue Government.
OF the House to-day resisted the action OF their party
ASSOCIATE ties who voted oown every amendment 10 the
its author at the suggestion OF Major Mckinley The
Democrats who voted with the Republicans lor MAJOR
McKinley's motion recOmmit will Instructions were
Belmont, Bliss. +. Campbell, j. Campbell. DowIney,
Hewitt Mahoney Merrlman and Muller; OF He% lorS
Maryland; and Dibbe, of South Carolina Inc same
men together with ffy-two Republicans voted against
the resolution on It's final passage The Republicans
who voted against the motion to recommit were Fu-
Illinois, Tayior Tennessss: Wade and warner Mis-,
souri,, and Weaver Nebraska-eight IN ALI Inc motion
rejected by vote OF SO to us The only amend
Iuent adopted was one wnlch provides that the sur
Plus shan be regarded as ,ne paaoe 80 ari,oo ne
TO tho classified statement OF assets ana anites pre-
pared by ne United States Treasurer In It's present
form. which excludes fractional silver coin from the
The resolution was adopted by vote of 2o9 to Co.
The Republicans who voted Tor IL were Atklbsoh'
Browne Qud.). Brown lPenn) Burrows, CANNON, Con-
ger. Cooper. Cutoheon. Dorsey FELTON,, Fuller funston
son Qll) Hepburn. Herman. Hires Hett, Holmes Hop
kns Jackson johnson Gnd key aad LafS Morr
Morrow Negiey Nelson Payscn Perkhs refers. rettl-
sene pa%S PSe Kspe sruSe
Thompson, Wade. Wakefield, Warner Weaver "hite
QeDn.). White (Ninn.) and Woodburn-6l
BY States the Republican votes for the resolution were
distributed follows: Limos. z; Iowa, Pennsyl'
vania c; Kansas and Wisconsin. each California,
Ohio and Minnesota, 4 each India ma, Michigan and
Nebraska 3esch Missouri and ienhessee eacn, anu anu
West Virginia, each. .,..
Before the voting on oega1 'n WS bs
opponents OF the resolution completely ROUTED It's auVo
Mr. Mckinley. of Ohio said that this resolution com
Ing as did. from the Democratic majority IN one
Executive control OF another branch WAS 10 say the
least exceptional and remarkable 1t was proposuen
To compel tue President OF the United states ana the
Secretary OF the Treasury to do that which they mad
always had the power to 40 to do that which they now
March 3. ISL Not only has the Secretary Of tue
n the they power are 10 Su. he has the
power under tina, section OF the statutes.
bonds which are not yet And yet in sixteen
ton had called but S5s.OOO00o Of Government bonds
for redemption II leaves outstanding $llo'ooooOo OF
the five per extended now known AS tue three per
cents which redeemabe at the pleasure OF the Gov
eminent In view OF the record OF the democratic
public rostrum In the dsrbutonof the surplus
IN the of Government bonds In view OF It's ire
inn nf he
honest for keeping surplus In the treasury ia view Oh
the record made by It's Administration was not
surprising that majority of the Committee ON Ways and
Means under the leadership OF the leader OF one wing
OF the democratic party should insist that the President
OF the United states aud secretary the Treasury
the pledges which had been made to the peo
pie. Iu 1881. with surplus OF ks
secretary of Treasury mai called In $l2lOOOOOO in
Government bonds In les2. WIN surrln d, o; o.
Si9S.o0o 900 Of bonds. In 1888, with surplus OF
$50 600 600 Of bonds ana in 1884. $7ooooOOO. The
Republican party had averaged In the last tour years
sixteen months The Democratic party had made record
OF bat SOS. 1000 Why did not the Administration
OF Grover Cleveland pay out the balance III the treasury
on the public debit
OF course. Republicans could not prevent the Demo
cratic party from voting to-day want OF commence In
its administration. They could not prevent IL from
voting vote OF condemnation upon the rrss1enT ana
Think Of 1t! Republican Secretary OF the Treasury
1879 10 1888 Daring that time tho Democratic party
controlled the House for four years The Republican
seceary Of the Treasury exercised this discretion ana
r House with q larger Democratic majority than the
present never thought of taking that discretion
away from him.
MI Morrison-The gentleman is mistaken.
Mr.. Mckinney Did you ever pass a resolution com
pelng tho secretary Of the Treasury To pay out the
surplusI .
Mr.. Morrson-I introduced Joint resolution and sent
1t TO Committee OH Ways and Means, and 1t never
got of the committed
MIR. McKlnley-Exactly. Laughter.
Mr.. Morrison-Aud offered 1t In the House and had
the support OF the gentleman from Pennsylvania Rsu
DALI and kept from passing 1t by q point OF
order from chat side OF the House Applause on the
Democratic eide
Mr.. McXlney-But you never passed 1t, You had
control OF the House. You had control OF the Commit
tee on Rules You could have liked time for consider
ing 1t exactly rs you did now. You had larger
majority than you have now. Whatever you may have
done in attempted to do on the floor OF the
House one thing certAn-you never ala adopt reso-
LUTON takrg that discretion from Republican Pres
dent