, 1890-05-17
THE TARIFF AND SILVER
Still the Subjects Of Discussion
in Congress.
House Republicans Kick Over
The Traces.
Sherman Dislikes Some Silver
Bill Features.

WASHINGTON, May l6.-Edmunds
from the judiciary committee, reported
back the house amendment to the anti
trust bill with an amendment thereto
striking out certain words and inserting
words so that rates OF such %transporta
tim may not be raised above what is just
and reasonable" Agreed to and a con-
ference committee appointed
The silver bill was then taken up and
Sherman offered the amendment men
toned in yesterdays dispatch.
Plumb moved to amend Sherman's
amendment by inserting and hereafter
no funds available for payment OF public
debts Including such as are kept for re-
demptivn of treasury notes. sLall be re-
tanned in the treasury in excess OF sllO'
OOO, OOO."
Sherman opposed Plumb's amendment
as putting a restraint upon the treasury
denartment and preventing it from pay
inc government obligations as they be-
came due.
Plumb defended his amendment, argu-,
ing that the treasury department should
have nothing to do with the currency sup
NV of the country. Holding OF money
in the treasury except for the needs OF IL
government itself was an economical crime.
He Plumb did not want the secretary CT
the treasury to be an instrument OF specu
lation in Wall street or elsewhere: he
did not want the bulls and bears of New
York specializing on what the govern
ment was going to do aboul
~ nnftInu ont money,
He didn't want to have the treasury
''points'' peddled on Wall street as com
ing from persons neat the throne. Con
gress ought to put a limit on the amount
Of money to be kept on hand In thu
treasury so that whatever might result l
could never be imputed that II had usec
its great discretionary power either
, unwisely or wickedlv.
= Discussion was further continued By
sherman and Hiscock, Coming to thu
discussion of the silver btll itself, Sher
man said he did not like some OF Its fea
lures. He may be driven to support 1t
= hut some friends of the bill seem to hav'
abandoned it already. There are som
good features in it which | like very well
II we can agree upon some measure tina
will furnish people more money and ten.
, to advance silver bullion near the stand
ard OF g0ld, L am Wnhue I WIG ouN
!. A measure, but | don't want to embar
a. upon the sea of free coinage OF siive
u and the idea OF free coinage OF silver al
, Jon't want congress to pledge iiself
Inv all the silver which may
le ogared Let those who would Ia
~ ,;ak of such SPECULATE
tate 81 moi [. But anything whatey
that can be- done by this bill or any 9th
40 US more goon' oaper money b @s
on actual depo,u, E~a value of 5
bullion or thar will ra;so adopt
" yer, L will favor. If we can
measure that will make use of hotb
and silver and keep them together AT Da,
: with each other, [ will vote for it T.
. nor Will content myself by simolv vot'
ing in the negative. p' WI
= The discussion was cuntinued o
length, finally turning on the mon,biv
debt statements of the treasury Ingalls
asserting he found in them ''astonnJ;nn
amazing, bewildering and irreconcil.bis
n S~cSepaneies." Sherman undertaking to
ex 'iath them, and Allison giving views
mo, them. Allison said there was ers
rnnao V but widespread belief in Tho
country. Particularly IN the west that
tbere va, an immense amount of govern
ment mon, " stored 10 the treasury wbila
in fact the 7ral surplus was as stated bv
Sherman. So 1000, 000.
The silver tdI went over without &C.
tion-adiour ned.