Los Angeles herald., 1892-01-15

up anu take IL. Inc administration mad
saved the people 500. 900, 900 in interest.
! Henderson then proceeded to contra
dict the statement made by Dockerey
last week, that the sinking fund was in
a depleted condition. The last congress
had been sneeringly alluded to as the
"billion dollar congress-" The ordinary
increase of the appropriations of the IF
| tieth congress over those of the forty
ninth had been $6S,000, 600; the ordi-
nary increase of the ffty-frst over the
fiftieth had been $57. 900, 900. All this
roar about the "billion dollar congress"
meant that the fifty-frst congress had
given 100000 by legislative appro-
priation and payment to the soldiers of
the republic, their widows, children and
! their dependent relatives. The ffty-
| first congress had revised the tariff, but
in doing SO it had increased the price of
the products of the American farmer,
made it sure that labor could get fair
and just compensation, and made it i'm
possible for starvation to enter the re-
public and remain under the folds of
the American flag. IGreat applause.l
DocKEREY REPLIES.
Replying, Dockerey said the aggregate
appropriation of the "billion dollar con-
gress' was without parallel or precedent
in the history of the country. The rec
ord showed that, deducting the
sinking fund and interest on
the public debt, and the extraordinary
charge for pensions, there remained
more than 100000, 900 increase in the
appropriations of the ffty-frst con-
increase of the forty-fourth to the
ffftfoth bod Oh
On the 1st of July, 1890, there had been
600. What had become of it? Today
the cash in the treasury was s35, ,OOO,-
600, and this included subsidiary coins
One hundred and ten million dollars
surplus had disappeared under the
operations of the appropriations made
by the Republican party.
Referring to the refunding of bonds,
Hooker of Mississippi inquired if money
was in the treasury with which to pay
the bonds, why did the secretary ask
the holders to extend them at 2 per
cent?
Dockery thanked Hooker for the sug-
gestion, and added sarcastically that he
resented the insinuation of the gentle
man from Mississippi that the secretary
did not take up these bonds because
there was not enough money in the
treasury. Had the secretary not said in
an interview that it was because he
wished to demonstrate the extraordinary
soundness of the government by showing
that he could float per cent bonds ?
But the controlling reason for this ex-
traordinary action, aside from the con-
dition of the treasury, was that it would
accommodate the national banks and |
prevent the expense on their part of ex |
changing bonds and buying fours at a |
premium. And this by an administra-
ton whose most distinguished officials
had in Maine, in 1888, denounced Mr.
Cleveland because he deposited money
in national banks Under the Harrison
administration sl5,000,000 remain in
national banks. In the estimate not
one dollar was estimated for rivers and
harbors, because there was deficit of
$35, 900, 900.
and quoted from the report of Secretary
Foster.
Dockerey replied that the estimates
prepared by the clerks to the senate |
and house committees on appropriations,
showed this deficiency. 1t was not |
shown by the secretary because he pro-
posed to disregard the requirements of
sinking fund act for the next fiscal
year. That explained the discrepancy. |
The pension estimates were the same as |
last year, although congress had last |
year appropriated SIC, 900, 900 more than
the estimates.
Continuing, Dockery said if $23,0O0,- |
600 was allowed for rivers and harbors,
the deficiency would amount to S57 ,OOO,- |
600. He did not take pride in showing
the condition OF the treasury, which ex-
hibited increasing expenditures and de- |
creasing revenues, although the Repub-
lican party was responsible for it; but |
he wanted to impress upon Democrats
the necessity for great economy.
ARGUMENTS PRO AND CON.
Livingstone of Georgia, an Alliance
member, said from one end of the land |
to the other today there existed more
destitutlon and distress than was ever
before known in the history of the coun-
try. 1t was time for congress to call
halt IN making unnecessary and reck-
less appropriations.
Hopkins OF Illinois opposed Holman's |
resolution. Gentlemen could not vote
for 1t II they meant to give government
aid to the worlds fair.
hCAAChha VI SdlllOTuld OppOSeQ LDo
resolution as useless and misleading. Ii
1t was an attack on the sugar bounty,
that was removed from controversy in
this house. Ii it had reference to the
Nicaragua canal, he did not think the
Democrats would be found united on
that question.
Dolliver of Iowa also opposed the reso- !
ution.
ruY r.rp
The time limit having expired, Hol-
man entered a motion to reconsider the
vote by which the previous question
was ordered. Ii found desirable, said
he, to make the language of the second
resolution any more explicit, it can be
done tomorrow.
docs the gentleman withdraw for
repairs ?'' inquired Mr.. Reed. [Great
laughter.]
''Yes, sir" replied Mr.. Holman. 81
ask that it 60 over until tomorrow.
Springer moved that the house ad- !
journ, and pending this wished to intro
duce his bill placing wool on the free
list.
Owens objected, and the house ad-
journed.
IN THE SENATE.