Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1890-05-24
THE SENATE
Talks About Silver, Land Loans
and Naval Matters.
fbe House Diseases Anendments fof
the RiYef and naiboF Bill.
The Cedar KeyA Fla. Aiiair-fhres
Southern Election Cases Decided.

! wAsHIxsrox. Nay 23.-Ths silver bill
was taken up IS Unfinished business and
laid aside informally.
Stanford addressed the Senate in advo
| cacy Of bill introduesd by him some days
ago, providing for loans BY the govern nens
On agricultural lands. He said the plan
proposed was very simple. and the depart
nenl CT zted nnder it would be less com
plicsted that the post Office department
I The Prir cipls of the government loaning
money upon property is completely estab-
lished N it. present advance of ninety per
cent npon gorernWsny D. nds and the tre
mendons results energix ixfay this ninety per
cent, putting il into activity apparent to all.
Equally valuable will be the enersixing
latent forces of real estate. The bill con
fines the provisions for leans 10 agricultural
lands. but in time probably it would BE- *.
teuied to other kinda Of property, and even
to municipalities with proper restrictions.
Ia outlining the principal feature of the
bill, the Senator said the government loans
its credit 10 a. individus; in order that the
whole people may have sufheiency Of
money with which 10 prosecute business
Money issued under the provisions Of the
bill shall be legal tender for all debts.
PtciAN q "a IttNosS, NANN - va tht
national debt and the redemption OF national
notes. No analogy between this scheme
and any other financial scheme WAS ever
suggested This money issued BY the gov
erument becomes automatic. 1t will con-
tract when there is less use for it and ex-
panl when there is greater demand. The
said bill, if adopted, with such amend
ments as shall seem wise to Congress, will
L. pif hrrr.
biest cigsses in labor. and assist the
weaithier to success in enterprises. The
bill provides for what may, perhaps, no, |
improperly be termed revolution in
finance. do not expect the bill will be |
adopted until fully considered by the peo-
pie and mer with their approval. The bill
was referred to the committee on finance. |
The naval appropriation bill was taken |
up, the question being on the amendment
10 strike out the item of $4,000 for i'm |
provement of the plant al the Portsmouth,
n II, navy yard.
Discu. SION was renewed, going over the |
questions of public utility of navy yards.
of political scandal to which their manage
mens has given rise, of coast defences. and |
the policy of building up \ strong navy,
carried on BY Blair, His iock, Hawley and
Do'ph-
The latter mode an elaborate speech to
prove tue expenditure of money in such
ships as the new cruisers was useless waste.
The possession Of n strong navy was an in
c-ntive TO var. The correct policy was .
syste m of floating bsttesies and coast for.
ifcaions. He believed that while the |
perfect defence of the coast required
navy as well as land Notifications. the land
forlifieatiOas ought to be first provided as
they are most necessary.
The bill went over without action on the |
Port, mouth amendment.
After a short executive session the Sen |
ate at 5 10 adjourned.