The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1893-11-02
WANTS MORE BONDS.
WHY Old John, Sherman Shows Ills
Hand,

| Hand,
! WASHINGTON, Oct. 25.-It is reported
that towards the close OF the lnforma
meeting of the Senate Finance Commit
tee this morning, Sherman called the at
tention of his Democratic colleagues tC
the, as be termed it, alarming condition
Of the Treasury. He referred to the
fact that the gold reserve had been
treDched upon to the extent of $l9 ,000,-
COO, the money being used for current
expenses and not redemption purposes,
as was required by law, and asked the
Democratic Senators what they pro-
posed to do to remedy this condition OF
affairs. Sherman asserted that the only
thing that could be done was to issue
bonds, for therein was the only means
presented to the government to replen.
ish the exhausted gold reserve. He en-
phaslzed tho necessity for this course;
but when he pressed his associates for
an answer, he learned that there was a
disposition on their part to permit the
bill to pass as it was reported to the
Senate.
Sherman is said to have then told the
Democrats there must be bonds, and
sooner of later, the members must come
TO 1t. lie suggested that there be issued
total Of 5000, 900, 900, redeemable at
the option of the government after five
years and to draw not more than per
cent; $50, 600, 900 Of this issue he would
put out IN denominations of $50 or
multlplcs and stipulate that it should be
available for Treasury purposes at
once.
| The Democratic members and some
OF The Republicans m aintained that the
authority was already given the Socre.
tary OF the Treasury to issue bonds un
der the Act OF 1875, but Sherman took
issue, IL ls said, aud asserted that he
very much doubted the authority Of the
Secretary To sell these boads and es
pccially TO sell them to purchase gold to
meet the deficiency that now stares him
ln The face.
IL the Democrats did not intend to
protect tho yold reserve, Shemau said
he wOuld introduce the amendment
hlmseit, as he considered it a mntLer of
the most vital Importance. This state
ment naturally filled The repeal men
VITA The gravcSt appreheuslOns for the
success OF the repeal bull, and they be-
sought SHERMAN not to take the step he
hhd Inumaind, Tor the reason that it.
woLld prcc cpitate another outbreak on
the part 1T the Senat ors of tic South
and cndanger the uiJ,,,.,.. .o.eai Or The
bill itself.
Sherman finally consented not to take
the initiative, but warned his colleagues
that they mus d. something to protc,
th" gold reserve from 'urthrr cncrJ zach
m"nLS.
Al 1870 Senators GRAY, Voorhees, and
sherman emerged from the room of the
| (,Dmnlttnn b,l
been IN 90 lference for some time. When
asked whether it was true that he in.
tended Offering an amendment to the
| hlll providing for an issue of bonds,
sherman said that he was still unde.
cldcd. He would thiuk over the matter
unlll Tomorrow and would then act as
his judgment and the circu n stances
suggested.
~ believe" said Sherman, 'that there
should be an issue of bonds, but DO not
desire to give my reasons now. If
should conclude to offer this amend.
ment, L Will give my reasons; if | do not
oiler, there is no need of saying any,
| thing"
About O'Clock Voorhees, and GRAY
went alone to the formers room, and
alter short talk Gray came out and, |
taking a carriage, drove at once up
town. II Is said that l,ho went to the
White House. He had hardly got out of
sight when Voorhees, came out hur-
ricdly and, taking carriage, was rap
idly driven in the same direction. Both
Senators arc supposed to have seen the
PRESIDENT and both of them were back
in the Senate within an hour.
a prominent member Of the Finance
Committee made the statement this
| a hot
least, to see a member of the FInarce
Committee offer an amendment to the
bill when he had the opportunity while
1t was being discussed in the committee
and during is various stages in The
Senate instead OF waiting until this late
day.
When asked if he would say anything
about the proposed bond amendment of
Shcrman's, Voorhees, replied that he eX-
pcchted to pass the bill as it had been
reported by him. cit is bill for the
unconditional repeal Of tho Act, and
will be passed unhampered by any
amendment. | can only add that any
amendment that may be offered by any
Senator will be an indication Of his un
irlCndlincss for the bill. AS for what
may come after the bill has been re-
pcalCd, or what may be considered nc.
ccssary to be done, the Democratic par
ty and Congress viii not, think, be
found lacking III its duty"
The Treasury gold reserve is showing
a tendency To increase, standing to-day
at $S2 620 900.
Terrific Explosion.
NEW ORLEANS OaL. 2i.-At G:3O
O'Clock this Afternoon there was ter.
rIlic cXplosOn in Var No. OF the Mis-.