Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-15


! man sneered at the Secretary o; the Treas
] ury for changing the debt statement so as to
= make the subsidiary coin appear as part of
tic assets When tile Secretary adopted
that plan he readopteu the plan pursued by
President Cleveland, changing il. The gen.
ternan had stated that the receipts !or the
first half of the present fiscal year fell short
! of the expenditures S273 900. Mr.. Henderson
! had asked for information on the point from
| the Treasury Department and had been IN
| formed that the revenues ior that period
amounted to sI74l43.0o0, and the e1pendi-
lures to Si61. CAS- 0o0. That showed an excess
| of receipts over expenditures OF 81 OjO
! instead of q shortage OF S2I3 OOl The pres.
eit administration had paid over $3.50 eoO.G0O
| of the interest-bearinG debt. Not a hond-
/ holder had wanted his money, but the adj
| ministration had made h m step up to the
| cashiers office and take IT. The adnlinistra-
! tion had saved to the people S550OO,0o0 in
! interest
Democratic Arguments Contradicted.
Mr.. Henderson then proceeded to con-
| ira dict the statement made by Mr.. Dockery,
last week, that the sinking fund was in a
| depleted condition. The last Congress had
| been sneeringly alluded to as the "Bil!ion
| Dollar Congress-" The ordinary increase OF
| appropriations of the Fiftieth Congress over
those of the Forty-ninth, had heen s6SO0O, 600:
| the ordinary increase of the Fifty-lrst over
| the Fifticth had been s57, ,9OOO01. All this
war about "a billion Congress meant thas tie
Fifsy--first Congress had given SllS, S,OO0,OcO by
| legislation. appropriation ana payment 10
the soldiers of the Republic, their widows,
| children and dependent relatives. The
| Fifty-tirst Congress had revised the tariff
| but in doing so it had increased the price OF
| the product of the American farmer, made
! it sure that labor could get Il fair and just
! compensat zion, and it impossible for starva-
| tion to enter the Republic and remain under
/ the folds of the American flag. lGreat ap-
! plause.
IN answering Mr. Henderson, Mr.. Dock
| cry, OF Missouri, said that the aggregate ap-
| preparation of last Congress (accurately
| known as tho Billion ConEress) was without
| a parallel or precedent in the history OF the
| country. Public attention to the stupen-
dous appropriations OF that Congress had
been SO frequently challenged That the peo-
pie had come to connect the term "buiion"
Congress with the Fifty-drSt Congress-. He
hoped that no such stigma would attach
itself to the present Congress.
Big Increase of appropriations.
The record, said M. Dockery, showed that,
deducting the sinking fund and the interest
on the public debt and the extraordinary
charge for pensions, there remained more
than $780, 100000 OF increase of appropriations
made by the Fiity-fiyst Congress over that
made by tine Filtietn Congress. The aver
age increase from the Forty-fourth TO the
Fiftieth Congress had been about $50 Coo coo.
On July ]. 1891 there had been in tue Treas
ury 4 surplus of Sl45. 600 600. What had be-
come oft To-day the cash in the Treasury
was S35. Geo 0a0 and this included subsidiary
coin. One hundred and ton million dollars
OF the surplus had Disappeared under the
operations of the appropriations made by
tie Republican party.
Referring TO the refundinr of bonds by
the Treasury Department, Mr.. Hooker, q!
Mississippi, inquired if the money was in the
Treasury to nay the bonds WHY did the Sec
rotary OF the Treasury ask holders TO extend
the bonds at per cent?
Mr.. Dockery thanked Mr.. Hooker for the
suggestion. He said sarcastically that he
1ffadf INN tNfr1 I'm
from Mississippi that the Secretary of the
Treasury did not take up these bonds be-
cause there was not the money in the Treas
ury. Had not the Secretary shid in an iu-
terview that it was because he wished to
demonstrate the extraordinary soundness
cf the Government by showing that it could
float , per cent bond. But the controlling
reason for the extras rdinary action of the
Secretary, aside from the condition of the
Treasury, was the fact that it would ac-
commodate the National banks and prevent
the expense on their part OF extending the
bonds and buyiEg the As at a premium. And
this by an administration whose most dis
neul>hed official had in 1898 in Maine de-
nounced Mr.. Cleveland because he had de-
posted money in National hanks. Under
the Harrison administration SlaCc0 900 re-
main in National banks. In the estimates
not one dollar was estimated for rivers and
harOors, because with them there was n
deficit Of SS5 100000.
Holman's Farmers Alliance Friend.
Alliance member, said thai from one end of
the land to the other there existed today
more destitution and distress than had ever
before been known in the history of the
. country. It was time for Congress to call
halt IL the making of unnecessary and reck-
less appropriations. The cause OF this dis
tress was the large increase in taxation,
which today was five times as mucl rs it
was in lSG0. How could the producers of the
country live under such a system of tax
~ While q in a in
creasinG the price Of products had been de-
creasing. The resolution offered by Ehe
gentleman from Indiana mot only contained
sound democratic principle, but it was hon
ost and StateSmRniike.
air. Mckenna, of California, opposed the
resolution as being useless and misleading.
was removed from controversy in this
House. That was triumphant. There would
be no effort to grant any public lands
;S,t 70 any eTy TO make TO sa speak Of
dead thing. Let il rest. Did it have refer
cnce 20 the Nicaragua Canal? L so, he did
not think The Democrats would be found
united on that question.
a Withdrawal for Repairs
The time limit of the debate having ex-
pired, Mr.. Holman entered a motion TO re-
consider the vote by which the previous
question had been ordered IF it is found
desirable" said he, "to make the language
OF the second resolution any moro explicit
it can be done tomorrow
"Does the gentleman withdraw for re-
pairs?" inquired Mr.. Reed TGreat laughterl
"Ies sir" replied Mr.. Holman. 81 ask
that it 90 over until tomorrow"
Mr.. Springer moved that the House ad-
journ, and, pending this, wished TO intro
duce his hill placing wool on the free list.
To this, however, Mr.. Owens, of Ohio OBJ
jected, and the House adjourned till to-
morrow.
In the Senate there was little of interest
beyond the introduction of a bill appropri-
ating Sll900.000 for the improvement of the
Mississippi river from its month to the
mouth of the Ohio, and the passage of a
bill! appropriating 80 per cent o! all moneys
paid 'or mineral lands in Colorado to the
United States for the maintenance OF q