The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-07-15

I N0N N@-.NSe out fOo.o-O.VyD OF the gov
eminent bonds for redemption. II
leaves outstanding $40 zoo 600 OF
5-per cents extended noy known
as 3-per-cents, Shich are redeemable al
the pleasure of government. In yieH
OF the record OF the Democratic party.
In view of its frequent Characterization
OF the Republican party as dishonest
for kespinR surplus in the Treasury,
in view of the record made by its own
administration, II was not surprising
| that a majority OF the committee on
ways and means under the leadership
of the leader of one wing OF the Demo-
cratic party should insist that the
President Of the United States and
Secretary of the Treasury shOald keep
the pledges which had been made
to the party. This action was
more suggestive when the gentlemen
took into consideration the record
which the Republican party had made
on this question. Since the conclusion
of the Republican administration there
had been paid of 81 200 900 600 OF the
public Indebtedness. It was not sur
prising that looking At the record of the
Republican party and looking at the
record OF the first sixteen months of the
Democratic admin stration the two
wings of the Democratic party should
fap tog Their and demand that the
President shall pay out some of the
surplus on the bonds of the country.
(Laughter.) In 1881. with q surplus OF
500, 900 900, the Republican Secretary OF
the Treasury he'd called in SI2I OOO. OOOin
government bonds. In 1852. with a sur
plus OF Sl66, 900 900 the r publican Sec
rotary had called in Sl73, OO0, coo of the
bonds. In 1888. with a surplus of $l3l =
600, coo, the Republican Secretary had
called in SIS 100000 of the bonds.
AID in 1884, $4,000, 900. The
Republican party had averaged
in the last four years $685.
000, 600 every sixteen months, while in
the sixteen months the Democratic
party had made record of but $500
CO.. Why did not the administration OF
Grover Cleveland pay out the balance
in the Treasury on the public debit
Some gentleman on the other side,
in confidence with the administration,
ought o explain, why the Secretary did
not exercise the discretion given him by
the law. he CHR. Mckinley believed
it TO be wise discretion to iermit the
officer charged with the administration
of the fiscal affairs of the government
to call bonds or withhold the call OF
bonds when the condition OF the public
Treasury permitted, or demanded,
one or the other. Therefore, unless the
amendmenth he had offered was adopted,
he would feel constrained TO cast
luction. or course the Republican
could not prevent the Democratic party
from vo.ing. to-day, want of conf
dence in its own administration. They
could not prevent il from voting a vote
of condemnation upon the President
and his Secretary. That was what the
resolution meant Think of It'll A Re
publican Secretary of the Treasury pre-
sided over the fiscal affairs of the gov
eminent from 1879 70 1885. During that
time the Democratic party controlled
the House four years. The Republican
Secretary of the Treasury exercised his
discretion, and the House, with a
larger Democratic majority than the
present one, never thought Of taking
that discretion away from him.
Mr.. Morrison-The gentleman is mis-
taken.
Mr.. McKinley-Did you ever pass
resolution compelling tne Secretary Of
the Treasury to pay out the surplus2
Mr.. Morrison-I introduced q joint
resolution and sent it to the committee
on ways and means and it never got out
of the committee.
Mr.. McKinley-Exactly. (Laughter.l
Mr.. MorrisCn-And / offered il in
the House and had the support of the
from Pennsylvania (Mr.
Randall) and we were kept from pass
ingit by a point Of order from that side
of the House. CApplause on the DEM
ocra;ic side.)
Mr.. McKinley-But you never passed
it. You had control OF the House; you
81 10 g Hlaa
YOU could have fixed a time for con-
sideration, as you did now; you had
larger majority than you have now.
Whatever you may have done in the
committee or attempted to do on the
floor Of the House, one thing is certain,
you never did adopt q resolution tax
ing that discretion from Republican
President and Secretary.
Mr.. MOrrison-I was prevented by
the CO operation OF the Democrats with |
that side OF the House
Mr.. Mckinley said that the two wings |
of the Democratic party were not in /
harmony 81 that time Qaughter), and /
one wing, with the aid Of the Repubh- |
cans, prevented you from taking the |
statutory discretion away from the sec
rotary, but now. when you have Pres |
ident and Secretary of the Treasury, |
DON1 MAIE1 VI TIC OCAAONAoAAS 49, I
unite in denouncing them for not call |
ing in the bonds and absorbing the sur
plus. (Lsughter). II is not TO be won
deied at. The campaign Of 1874
was waged and won on the
howl all over the country that the
Republican party had S6OO,O00'0Oo OF |
idle surplus IN the Treasury, and |
would not pay their honest debts. Gov |
ernor Hendricks stated that al over /
the west. I have no doubt that my |
Greenback friend from Iowa (Weayer)
said il all over his STATE. | kcow that
the distinguished gentleman from
Pennsylvania (RandalD did IN his
famous speech at Nashville, whep he
was making mis- triumphsl tar.H march
through the south, from Atlanta to me
sea Qaughter). carrying the banner OF
protection. know that he said there
was SO, 1000 600 Of surplus IN the puolc
treasury and that the administrator OF
Grover Cleveland would take ~ out
and pay the government debts witn II:
Mr.. Randall am beginning IN tnat
direction now. Applause en- the Dem
The debste in the strain indicated in