National Republican., 1888-04-03
REAGAN ATTACKS HIS PARTY
iND lNSlNrATES THAT DEMOCRATS IN
HlGH PLACES WRONG THE PEOPLE

hlGH PLAChS WRONG THE PEOPLE.
spirited Discussion on the Bond Bin
The Logan Pension Bin Finally
Passed - The House Committee on
Rules Has Trouble, but Wins.
Tho Senate yesterday passed the House
hill granting pension Of $1,000 per year to
Mrs Gen. John 4. Logan, and Mr.. Berry,
Of Arkansas put himself on record as being
opposed to II.
Mr. Spooncr introduced bill making the
necessary appropriation estimated ut $780,
CCO) for the purchase Of a sitc and the cree
tion Of the necessary storchouses, &c, for
the signal service at Washington, d. {.
Passed.
The Senate then considered the House bill
to authorize the construction of u bridge
across the Mississippi river at Memphis, and
after considerable debate adopted the amend
ments agreed to in committee OF the whole
and passed the bill.
The Senate then resumed, as the unfin-
ishCd business, the House bill for the pur-
chase of United States bonds by the Secrc-
VI lHC NUC Vutoltbn UtlllE WI
the motion of Mr.. Palmer to rccomlnit the
bill.
Mr.. Stewart moved to recomnit with in
structiCns to the committee to report with
out delay separate bill allowing the
owners of gold or silver bullion to deposit
the same and receive coin certificates there
for.
Mr., Sherman opposed the motion, saying
that IL was very unusual to instruct com
IL
mitted for the first time. There was no OBJ
lection to the passage of the bond purchase
bill, and he thought that, as a question Of
practical legislation, that bill should be
passed. at once.
If II was the desire of the Senate to have
all the difficult problems Of finance which
had cen discussed for the last twenty-sX
years taken up and considered that was one
thing. II so, let IL he SO. But that was no
reason why there should lie any delay In the
passage Of bill on u totally different sub
jeot lie was therefore opposed to the in
structiOns asked and he was also opposed to
the recommttal Of the bill.
Mr.. Stewart argued in support of his
motion, aud declared that under no circum-
stances would he vote for the original bill
in the present stringency in the money
market. II was time, he said, to return to
specie basis for currency, instead of III
venting new schemes of imitation. When
enough gold aud silver could not be got as
such lasis, then 1t would be time enough
to invent other schemes of money. lie be-
lievtd that the Senate and the country were
IN favor of using silver as a basis Of circu
lation, and lie asked vote by yeas and nays
on his motion.
Mr.. McIhersOn expressed his regret at
the attempts that were being made to
amend the House bill.
Mr.. Butler said that while he sympathized
with many of the features of the proposition
of the senator from Nevada, and would vote
for IT with some notifications, the eNi-
gency which confronted the Treasury De-
paitment was such that he preferred to vote
for the House bill, pure and simple. He
would therefore vote against all amend
ments to the bill.
Mr.. Beck regretted the tanglc into which
the Senate had got itself, and he suggested
such modification of Mr.. Plumb's argu
ment Gs would direct the Secretary Of the
Treasury (wherc national bank circulation
was withdrawn) TO purchase silver and to
coin into dollars in excess OF the two mil
lions a month minimum, on which silver
certificates could (under existing law be
issued That would prevent contraction of
the currency.
Mr.. Edmunds remarked that the PROPOSE
ton Of the senator from Nevada and the
suggestion of the senator from Kentucky
WcIc 81 very DTOuu anu
their bearings could not be understood In
moment; and, therefore, the proper thing to
do would be TO recommit the bill to the
finance committee and let that committee
cLnsider all the propositions and report n
scheme that would relieve the difficulty
now said to exist.
Mr.. Reagan suggested as an amendment
that O0,OCO,CO0 of the gold coin now in
the treasury shall be used for the relemp-
ton OF the interest bearing bonds of the
country.
He argued that II was an idle pretense
that this gold was held in the treasury for
the redemption of legal tender notes, which
nobody wanted to have redeemed. His
plan (he said) would reduce the bonded
debt, relieve the government from the pay
ment of SO much interest, and place the
money in active circulation. He declared
that the policy of the government (both in
the executive and legislative departmcnts)
had been since 1869 in the interest OF the
money lords of this country and Europe.
He knew that the present administration
had taken up and maintained tle policy of
its Republican predecessors. But he pro-
posed, so far as his own action was con
cerned, without reference 10 what Others in
the Democratic party .(evcn in the high
places should do, to stand by the interests
OF the people, to insist on their rights, and
to insist that the government shall be con-
Quoted in the interest of the people instead
of in the interest of special classes, which
lived by robbing both the government and
the people.
Mr.. Blair inquired what members of the
Democratic party Mr.. Reagan referred to
as not representing the interests of the peo-
pie; but Mr.. Reagan preferred to let the
Senator from New Hampshire form his
own judgment. After some further discus
sion, Mr.. Stewart withdrew his amend
ment, and expressed the hope that the mo-
ton to recommt the bill would be voted
down. Without action on any of the pend
ing propositions the bill was laid aside for
the present.
Mr.. Riddleberger gave notice that he
would to-day ask the Senate to act on his
resolution to suspend the rules so us to have
the fishery treaty considered in open session.
He gave this notice The said) so that there
might be no delay on the excuse of absen
teeism and also that those who might be
afraid to vote upon it could absent them
selves
The Senate then proceeded to executive
business, and at i;l5 adjourned.