The herald., 1893-10-24
SENATOR S NJ. WHITE AT HOME, |
He Thinks the McCreary Bill
Will Be Accepted.
The Situation of the Silver Compro-
mise at Present.
Some Ideas About the Union and Central
Pacific Railways' bonds-An Ex-
pertinent In Governments Com
troll of the Railroads.

night, looking somewhat aghast at the
accumulation OF legal business which
has piled up during his absence in
Washington.
The senator was in Chicago several
days on his way home, and had not yet
thrown off the impressions of the won
derful worlds fair.
He said that he had found it neces-
sary to come to California fol. a few days,
and accordingly had made the necessary
pair, so that his vote would not be lost
Il matters came to a crisis during his
absence. He had said all he had to cay
on the silver subject and considered this
the most opportune time to visit Los
Angeles and make arrangements for the
transfer of his family to Washington for
the winter. ~
ut will be impossible" he said. ito
do anything with reference to general
legislation until the silver question is
disposed of. Even the Chinese bill will
not be taken up in the senate until that
time"
Continuing, Senator White said: "As
to the condition of the silver question in
the senate, know very little more than
the telegraphic reports indicate. 1t is
true that compromise proposition is
pending, in which nearly all the Demo-
cratic senators. including myself, have
acquiesced."
Mr. White was shown the following
paragraph from an interview with him
in the Chicago Herald, and said that
the reporter drew on his imagination
when he made the reference he did to
"vagrants in cheap lodging house,"
but otherwise it was substantially COR
rect:
''While l am not standing on the
same ground as do Senators Wolcott,
Teller, Stewart and others, yet believe
in seeing silver have fair show. The
blame for not changing the rules of the
senate does not rest wholly with the
free-silver men, as has been charged.
Nearly every one of theold senators who
are strong pro-repeal men, are decidedly
against establishing closure, the pre-
vious question, etc. Nearly all the new
senators are in favor of change in the
rules. Yet these old pro-repeal men
allow the imputation to 20 abroad that
the so-called obstructionists alone will
prevent change in the rules. While
the pro-repeal men will not consent TO a
change OF rules, but insist on applying
brute force by continuous session, l
can't see any use of senators sitting
around there and falling asleep in their
chairs like vagrants in cheap lodging
house, and making blankety- blank fools
of themselves generally. So / am
paired with Senator Gray of Delaware,
and after visiting the fair l shall make
short trip to California TO attend to
some legal cases before the supreme
court" ~ r1t
THE CHINESE QUESTION.
''In regard to the McCreary BILL"
said the senator, "the bill as amended
is much more effective than the old
law. The insertion of the photograph
clause is very important. While my
disposition is adverse to the extension
of the period Of registration, have no
boubt that very large majority of both
houses OF congress will adopt that
policy. If any defects can be pointed
out in the amended bill have no doubt
that congress will be ready to remedy
them. but still, as | have said, think
that it is pretty we'll established that
the extension feature will go through"
The question of the Senator Frye's
bill to extend the payment of the bonds
of the Union and Central Pacific rail-
roads came up and Senator White said
Before the government grants long
extension of the payment OF the Union
Pacific and Central Pacific railway
bonds, l believe the matter deserves
close investigation. Senator Frye of
Maine has bill which will come up for
consideration, which proposes to give
the two roads q long extension OF time
for payment OF their bonds, places the
interest at very low figure, treats
them in all respects in the most liberal
way possible and, in short, is a move
to put the roads on nice velvet basis.
Well, that may be all right, and again
it may not. Perhaps it would be bene-
fcial-to the people, not especially to
the railroads.&c. have small search
light of investigation turned on here
and there. NJ
"When one sits down and calmly
looks up the statistics on the railroad
Indebtedness in this country some start
ling figures are presented. Perhaps few
people know that there is IS. 000, 900, 600
worth of indebtedness on the roads of
this country, and that $4,000, 900, 900
worth of them are gold bearing bonds,
most of them presumably held outside
the United States. On the other hand,
statiHtice show that there is much less
than $4,000 100000 of gold in circula-
tion as money in the entire world. Now
these questions naturally arise: Where
are the railroads in thie country going
to get the gold to redeem their gold
bearing bonds, when those bonds
amount to almost $1,000. 100000 more
than the sum total of gold in circula-
tion in the entire world? 1t is evident
that the railroads never have had the
amount of gold that their gold-bearing
bonds call for, and it will take couple
of llfetimes of Methuselah before they
can get it,. Then, why did they issue
this almost incomprehensibl amount of
gold bearing bonds? These are inter
esting questions to anewer. The factof
the matter is, it seems to me that there
is a massive watering pot in use, and
that railway stocks have been watered
in reckless and dangerous manner.
"Then turn to the private business
interests of the country and the statis-
tics show--as nearly as can be estimated
from the advance sheets of the census
that the private indebtedness of the
United States amounts to 81 800. .000, 600
OF which the human mind
cannot conceive. OF course this private
indie btedness includes Senator PETER and
the Kansas farm mortgages. But. TAX
ing this stupendous scheme into con-
sideration. it appears to me that any