The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1890-10-07

in this bill that no more than the on
! million dollars we loan and the amour
which has been subscribed and nigh
: be donated should go into the build
ings, and then the bill further provides
to secure that no more than thai
amount should be expended, and thai
the whole assets of this corporation
! after the current expenses from day tC
| dsy are paid, shall be held sacred tC
pay this 100000 to the govern
ment, provided for a bond, which il
| conditioned as the act states, and the
setting apart of the surplus after the
payment of current expenses to in
demnify the government.
"Mr. Kelley. An exhibition such as
is proposed to be held at New Orleans,
at which shall assemble the world in
it's best mechanical and commercial
power, and in which convocation the
American people shall be the active
and predominant element, will pay the
American people 1t a minimum esti,
mate 500 for every dollar that may
be lost, even if the government shall
never receive back one dollar it may
loan it.
"Mr. Henderson, of Iowa. Iowa is
knocking at the door of Congress to,
day, and I am but vo1cing her feeling
when l ask that the government shall
loan from it's vast surplus in the treas,
ury enough to put this great exhibi-
ton grandlY, solidly and successfully
upon it's feet.
Mr.. Sumner, of California. AS l
am clear in my opinion that this is a
constitutional proposition, | do not
hesitate, but chearfully and eagerly
improve this two-minute opportunity
to commend the bill.
Mr.. Lane. l do this for this
season: [ recognized the propriety of
the loan to the Centennial Exhibition;
it was the centennial year, and was
designed as a celebration of our enc
hundredth national anniversary. This,
however, is not for that purpose.
MI. Cannon. al was a memter of
Congress when the act passed author
zing a loan by the United States to
the Centennial Exposition at Phila-
delphia."
Mr.. Horn. When the loan, as l
understand it, was made to the Cen
tennial Exposition at Philadelphia, it
was for a million and a half of dollars,
I believe; is that correct ?"
Mr.. Blanchard. "That was the
amount"
Mr.. Horn. "Then we required a
bond of only $500, 900. Now, the
bond is fixed here at 5000, 900 for a
loan of ST., 900, 900, which, l take it,
is abous equivalent to what we did in
the other case, and that bond is not
to cur the repayment of the million
of dollars, but, as the bill itself will
show, is for the purpose of securing
she honest and efficient action of the
people in charge of 1t, and a careful
expenditure of the funds entrusted to
them; and it is fully as large as the
bonds which are usually required I'm
der our form of government for any
such purpose.
Mr.. McCord. 81 favor this bill, and
| am not deferred from supporting it
by the constitutional question. It
seems to me that gentlemen who ques-
ton the power Of Congress to legislate
in this way could easily satisfy them
selves by finding warrants in two or
three of the granted powers delegated
to Congress. The which provides
for the general welfare certainly has
been constructed broadly enough to
cover this"
MI. Breckenridge. "Mr. Chairman,
in regard to the proposition now be
fore the Committee Of the Whole, it
simply involves the requirement of
security for the repayment to the gov
eminent of this loan of ST., 900, 900,
and the question of constitutional
power in the premises. The amend
ment proposed is a hard exaction.
This appropriation is not only justified
by precedent, but it is also, in my
opinion, clearly within the purview of
the Constitution and the province of
the Congress. That clause about
which some gentlemen here sickle so
much gives Congress power to raise
revenue, and what does it say you
may do-with that revenue? 1t sa- s
you may pay the public debt, and you
may provide for the general welfare
by appropriation of that revenue"
Mr.. Bayne. "Therei is but one clause
in the Constitution which authorizes
the Congress of the United States to
expend this million of dollars or to
loan it. The clause which authorizes
Congress to levy taxes to provide for
the common defense and general vel
fare is the source from which Con
gress must derive its authority to
loan this money or expend it."
"Mr. Money. A new set of circum-
stances has now arisen, and if it seems
proper to the House that the govern
$1,000 aI-,-1I --.-zz-A III 1900