New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-07-14
REPUTATION ADVOCATED.
nrBATE ON MoRRIsoN's RESOLUTION.
DEMOCRATS AGAINST TRK ADMlNlsTRATioN-his-
COCKS STRONG SPEECH.

DEMOCRATS AGAINST 1Hk ADMlNlSihAiioN N-S
COCKS STRONG SPEECH.
rBY TELEGRAPH TO THE TRIBUNE-1
WASHINGTON, July 13.-It was late this
afternoon before the members OF the House setteo
down to hear Chairman Morrison expound and derenu
III. resolution to reduce the surplus" MOST Oh 'ho
Republicans wanted to hear what he would say anu ~
they went TO the Democratic side. Coiohei uoi'
rson il utterly destitute Of oratorical graccs He some
times gestures with his right arm and cienchea he' n
when he becomes earnest he suddenly
bends his body forward and grasps his knees IN 'ui.
attitude he will remain for full minute pou'"f w
vords In q torrent, his face glowing redoer anu MS
utterances more in!isnct with every second lie was
IN dead earnest to-day aud he was NOV !" WV
best humor as one or two OF MS fe'oi~
allowed For example, when Mr. DnSley asked III"
what has become OF that 100000 900 surplus '"o
testy chairman replied: "That Is an nsncere q"es"o
and the gentleman knows it," Mr. Reed ala no' SUM-
the gentleman from Ilinois when he remarSeu o"'
We understand That was a surplus for campaign pui
noses only" Again. when Mr.. Hiscock asked ""'
do the leaders of this House-the chairman OF inc '
and Means Committee and the chairman OF 'no APP
priaton Committee-take ground against 'ne'
administration the question T. and pauso' io' 'o''
Colonel Morrison gruly retorted, That is none u 'o"
business" - 1911, ia
Mr. Hiscock spoke nearly an hour ms sp'o01 -
been prepared with great care ana MS "isuNo"'
AGAINST the resolution. which he dehounceu an u"p"
ro,ic and an act Of reputation. coverea tne ehrc
ground Nearly every member OF the House came o'or
20 ,,e Republican side paid close attention to TINS
speech 1t seemed wholly appropriate tnat "r' "o'
Mun OF Tennessee. state which has repudiated her
own debt should defend the resolution with hot ana
.ac., z.al or cours. General Warner OF Oho ala not
e,,rey agree TO the resolution. for he did not frame IT.
He wouli go further than the committee had gone.
The following Is the text OF the resolution:
That whenever the surplus or balance IN the Treasury
states notes snail exceed the sum OF one hundred mion
OF dollars. shall be- and Is hereby made, .ne uuay IN
nf tha IraA
sums not than ten millions month during inc Ok
Of the United
able at the option OF tue government
Mr.. Morrison saia that all the money in the country
amounted TO 81 $50 100000 OF this S525OOO,oOo or
more than onethird the Treasury at the timethe
Joint had introduced Deducting all the
sums which in the Treasury for SPECIFIC purposes
designated by law and kept for current or running eh-
penses there remained in the Treasury about
5000 900 OOO including that hold there for the purpose
Of redeemIug United States notes The amount TO be
held for redeemng United States notes was not fixed by
law Ii was a 20 OF discretionary reserve Couhthc
the reserve at $500 600 O0O there was st surplus ia
the Treasury OF 500 600 OF this about
WAS unavailable being made up OF fractional coin. 90
that all the money that would be reached under this
resolution would be about $70.oOOOOo IL would make
productive which was now unproductive ana use
less In conclusion. Mr. Morrison denied that the Pur
pose effect of the resolution was TO place 'ne
country on "a silver basis.
Mr. Hiscock said THIS an attempt on the part OF
Na,onsi debt and obligation in slver-to force
the basis n Which hn"DI asr
tlon earnestly and determnt Ny, IL se sms be
There compromise, nor could there oe one ue
THIS dcaraon that United States bonds should
staDdi. 1t was practically Impossible 10 rfrc"e 'ne s
1oint without using the silver dollars. All oi
them possiD, because al tue surplus wa, ~ y, a
ala not hesitate TO say that II was repndiao ION wa"
silver. At the time they we're issued the only coin
known IN tue country gold. Gold had been
81 ,c,ed for the bond and the agents of the Gov
eminent had pledged tue pay ment OF goa ID Return
IL proposed 10 force eneapened com upon
unwilling creditors. tIHe resolution was unpaiIloc.
aud of rcpud aton. ana II was pressed as J,
seemed to him ID single desire TO rrluiate without
any benefit TO folio" either to the Government OF 10 "e
Mi Iscock proceeded to point out the DANGERS which
he asserted would attend tue passage OF the lesouo
the United states were held abroad 10 the amodnt oil
o5n ooo 900 If nm. res tuition wa, passed and the
Government bonds aIi IN silver those 90 l-ato "hen
not specifically payable IN gold would be Returned 10
hold them to take tue chance of further depreciation
in tue metal which they were to 90 PAN anu .ne
further securities abroad w"uid cease
lie u ievcd 1t would be found that our securities we're
returning aud whenever tue country vas ioTeod
10 SILVER silver initiation would DE NOR" than
Offset by a loss OF our gold currency
Intentionally boarded IN the treasury IL wa hoa,eu
there because 1t could not be forced into circulation
The the House had put tins legislation upon AN
apm oprIaiiOn bill proved mat II recognized the act
t aa, sy ss TT%asy The resident had sought
TO call halt on his rary On TINS gr.ss quSS'on ta
hiu. ine gentleman rom illinois Mr.. Morr'oni nAu
questions of TINS KIND New York was and always had
been III favor OF paying her debts New-loIk was OPP
New. York opposed to using trust funds winch nal
been soeny peigs for particular QUESTS In tso psy
tion. tApplausr on the Republican slde. ,, .,,
MI sicynn Tennessee cOntended that the payment
Of the money would the effect Of Increasing the CIR
from .% % sosn as sand
that resolution m-ant reputation Inc gehtienan
had another ghost aud had said that the resolution
on did DOT seek interfere with single vested r!su
OF any creditor OF the United States .,,.,, ,ro,,,,,
that whenever the circulating notes or NatOHai p"uhs
shall to be issued IN he pace Oh suen noes
States notes near may oe III denomnatiohs Vi 'ho'o
Pending further discussion the Committee rose aud
the House ut O'Clock adjourned
MIR. GARLAND'S PAN-ELECTRIC STOCK.
WASHINGTON, July 13 { peciaD.
H. Garland has employ ed Messrs Earl * Pugh as ins
counsel in brought by J. Harris Rogers against
HIN aud his PaD-Elcctric associates. aud senator
Voorhees, retained by Isham IT, Harris. j. d. T.
Atkins Joseph f. Johnston to care for their inter-
ests IN proceeding. Mr. Garland Wa asked by
reporter II he Intends 10 give back his Fan
Electric stock to Rogers. Mr.. Garland laughed and
replied;
"Ilow can give It away when a suii has been filed
Against us that will hold iti II dispose of II III let
you know"
A Western Democratic Congressman to-day said 1T
will not help Mr. Garland rid Of his stock
He should done that when he was urged 10 bring
the suit of tue United states and in behalf
OF his comp To annul the Bell patent IL Is folly 10
ATTEMPT to indicate Mr. Garland aud his associates in
the Pan-Eiectrlc specuston Nosenstor or Represen-
tatve any business TO accept giit stocks IN
10 which Mr.. Gariand and his associates embarked
People have Ight TO and they do expect something
better from their Representatives IN Congress
MR. ATKINS AND THE TRADERS.
WASHINGTON, July ID (Speciat.) The testi-
rnony given before the committee which