Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-17
THE CONFERENCE OF cATHo-
Lies AND CORRECTIONS.
General Master-W Orkman POWderly
Indicted for an Alleged
Conspiracy.
HENRY ". STANLEY ABOUT TO
MARRY.
Chancellor CspriVi Talks About
BiSmarck.-Sentucky's
New Senator.
By Telegraph 10 the NEws.l
CONGRESSIONAL.
The Antitrust. Labor and Tariff
Bills Discussed.

WASHINGTON, May l6.-In the
Senate Edmunds, from the judiciary
committee. reported back the House
amendment 10 the antitrust bill,
with an amendment thereto striking
out certain wOrds and inserting the
words $50 that the rates OF such
transportation may not be raised
above what is just and reasonable"
Agreed to, anu 4 conference conf
mittee appointed.
The silver Till was then taken up,
and Sherman offered the amend
ment mentioned in yesterdays dis
patches. Plumb moved 10 amend
Sherman's amendment by inserting:
'And hereafter no funds available
for the payment Of public debts lin
Guiding such rs are kept for the re-
| demption Of treasury notes., shall
be retained in the treasury IN excess
of SIl0,OOO,O01."
Sherman opposed Plumb'samend-
ment as putting restraint upon The
Treasury Department and prevent
ing ii from paying the government
obligations as they became due.
Plumb defended his amendment,
arguing that
THE TREASURY DEPARTMENT
should have nothing 10 10 with the
currency supply Of the country. The
holding Of money in the treasury,
except for the needs Of the govern
ment itself, j. an economic crime.
He (Piumbl did not want the Sccre-
taTy Of the Treasury 10 be an instTl-
ment Of speculation in Wall Street.
or elsewhere. He did not want the
bulls and bears Of New Yur! speCu-
lating on what the government WAS
going TO DO about retaining and put
ling out money. He did not want
10 have treasury "points" pedGled
on Wall Street, ss coming from
persons near the throne. Congress
ought to put a lii.ilt TO the amount Of
money 70 lie kept on hand IN the
treasury. - that, whatever the TSt
suit might be. II could never be in-
puted 10 the Secretary that he had
used his great discretionary power
either unWIsely or wickedly.
The discussion was further con-
tinuei by Sherman aud Hiscock.
Coming to the discussion Of The sill
yer hill itself. Sherman said: II we
can agree upon some measure that
will furnish the people more money
| and tenu 10 advance silver bullion
nearer the standard OF gold, | am
| willing 10 vote for such a measure,
but ! 10 not want to emhaTk upon
\ WIDE sFA
Of free coinage Of silver, and l 60
not want Congress 10 pledge itself
to buy all the silver that is offered.
Let those who would take the risk
of such a speculation take it; not l..
But anything whatever that can be
done by this bill, or any ether, .
give US more good psper money,
based Oh actual deposits Of gold and
silver bullion, or that will raise the
value Of silver, I viii favor. II We
can adopt a measure that viii make
use Of both gold and silver, and
keep them together at par with each
other. l will vote for 1t. II not, |
will content myself by simply voting
in the negative"
The discussion was continued at
great length, finally turning 10 the
monthly debt statements Of the
Treasury, ingalls, asserting that he
found in them "sstouniiug, amaz-
ing, bewildefing and irreconcilable
DISCREPANCIES"
Sherman undertook TO explain
them. and Allison gave his views
upon them. Allison said there wa
an erroneous but widespread belief
in the country, particularly in the
west, that there was an immense
amount Of government money
stored in the Treasury, while, in
fact, the real surplus was, rs stated
| by Sherman, S35, 0O0,O 600.
The silver bill went over without
action.