Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1892-06-16
PEFFER'S SPEECH.
Tho Kansas Senator on His Finan-
cial Bill.
1T WENT OVER WITHOUT ACTION.
The House Passed n Bnl Declining the status
OF Iusiian children when They Have
Reached the Age of n Years-scv-
eral Measures Acted Upon.


WA sHINeToN, June 14-Not one of
the senators who had been at Minncap-
oils was In the senate chamber yestcr-
day morning when the session opened.
There were but twelve present on the
republican side and few more than
that number on the democratic side.
The first indication OF the democratic
movement en- Chicago was the granting
OF leave of absence to Mr.. Voorhees,,
until June 20.
The pension appropriation bill, with
amendments, was reported back from
the committee on appropriations and
placed on the calendar IL carries a
total of si4G, s37, $50, an increase Of tli,-
Oh, 2S4 over the house bill and 1927, 200
less than the estimate.
The bill Introduced by Mr.. PETER
May 20 ito II rrcase the currency and
provide for the circulation, TO reduce
the rates OF interest and to es-
tablish a burei,u- of loans was taken
from the table and Mr.. PETER addressed
the senate In explanation and advocacy
of IL. 1t provides for the appointment
by the president of three com mission
ers, TO hold their office in Washin Ston,
whose duty IL shall be TO establish To- an
agencies, one ut the capital of every
state and territory and at other CON
venient placos.-such agency to be
known as the central loan agency for
that state or territory. The business of
these local agencies is TO be to lend
money to the people on the plan of well
regulated real estate and loan agencies,
secured by real estate. The loans are
to be for not less than one year nor
more than - years. They are TO be
for not less than 500 nor more than
$500 TO any one person or family.
There Is no provision as to the rate of
interest In order TO provide funds,
treasury notes are to be issued equal in
amount TO $3.50 for every dollars worth
of gold and silver coin and bullion be-
longing TO the United States, the bull
lion To be estimated at its coinage value.
No banking firm, company or corpora
ton is hereafter 10 receive interest
at higher rate per annum than per
cent for short time or per cent. for
year or longer. There is a section in
the bill providing for loans lat one
third of per cent a monthly by the bu-
reau of loans for less than twelve
months, on the security of personal
property, whenever any state shall
have provided warehouses for agricul-
tural products such rs cotton, wheat
and tobacco, and for manufactured ar
ticles that will not dcteriorate by stor-
age for few months.
Much of Mr. PETERS speech was In
denunciation of usury, which he said
was breaking down the republic.
The people were in earnest about
the matter. The republic would go
down unless the people should be
saved, and there was no way of saw
ing them except to destroy the great
evil of usury. The bill was in that line.
1t was suggestive and helpful,
and Mt least deserved the considcra-
ton of the senate. lie had examined
the constitutional question and be-
lievcd that congress had as perfect au-
thority TO lend money to the people
as it had 10 provide for carrying mails
or packages or determining the rates
which railroads might charge for the
carriage of frcights or passengers. At
the end of his speech the bill went over
without action.
Mr.. Mcpherson gave notice Of his in
tention to address the senate Wednes-
day tomorrow ON the bill for the
free coinage Of silver and Mr., Morgan
gave notice that he would do SO to-mor-
row, as he expected that there would
be quorum in the senate.
THE HOUSE.
The speaker yesterday laid before the
house n letter from the secretary Of the
treasury asking for an appropriation Of
$3.50, 600 for adequate precautions at the
worlds fair for the protection of reve-
nue. from customs and for the super
vision Of importations. Referred
On motion Of Mr.. Peel, of Arkansas,
a bill was passed providing that Indian
children should be declared TO be citi-
gems when they have reached the age
of 81 years and shall thereafter receive
no support from the government, pro
vidcd they have had ten years Of indus
trial training.
Mr.. Otis, of Kansas, asked consent
for the present consideration of reso-
luton reciting improper conduct ON the
part of Secretary Noble and Commits
sioner Carter in regard 10 the Maxwell
land grant (said conduct being alleged
20 be in pursuance Of a conspiracy en-
tered into some years ago by stephen
B. Ellkins and j. A. williamson and
asking for special committee of seven
members TO inquire into the matter.
Mr.. Payne, OF New York, objected and
the resolution was referred.
After action on some District of Coz
| lumbia measures, the house went into
committee of the whole (Mr. McCrecry,
of Kentucky, in the chair on the forti-
fications bill After dispensing with
the first reading Of the bill, the com
mittce rose without further action.
The senate bill was passed with an
nmendment) authorizing the entry Of
( lands chiefly valuable for building
stone, under the placer mining law.
Also the bill 10 protect settlement
rights where two or more persons settle
on the same section Of agricultural
public lands before survey thereof
/ Also granting 10 the state Of Minnesota
certain lands in st. Cloud and Crook
ston for public park. Also TO estab-
lish division line between lands owned
by the United States and the Pittsburgh,
Fort Wayne & Chicago railway con-
pany. A bill granting 10 the state Of
Kansas in trust the Fort Hayes military
reservation for the purpose Of soldiers
home on the cottage plan gave rise 70
imposition and without disposing of IL
the house adjourned.
trace mn, an addluon 70 Kansas