Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-03-04
WILL ISSUE NO BONDS.
Tho House Refuses to Indorso senator
sherman's Plan for Three Per Cents.
Thus Practically Killing the Measure.


sherman's Plan for Three Per Cents.
Thus Practically Killing the Measure
WASHINGTON, Feb. 2S-The last eff
fort to relieve the financial situation
by legislation has failed. The house,
after some debate, the principal
feature of which was spirited speech
by Bourke Cochran, non-concurred in
the senate amendments to the sundry
civil appropriation bill, and sent that
important measure to conference
committee.
The meaning Of this action is that
the Sherman amendment, inserted in
this bill by the senate, authorizing the
secretary of the treasury to issue per
cent. bonds, will be killed by the con-
ference committee, the house members
of which are Messrs. Holman, Sayres
and Cogswell.
The vote against the bond amend
ment was overwhelming and was un-
doubtedly due to the fact that Mr..
Carlisle communicated to a number of
the democratic leaders of the house
that the present law was ample to per-
init the issue of bonds. Mr.. Carlisle
feared that the entire sundry bill might
be jeopardized by the Sherman bond
rider" and he preferred to go without
the rider rather than risk the passage
of this most important bill.
The sending of the sundry civil bill
to conference appears to end the
chances of an extra session and at the
same time to leave the question of cur
rency without any probability of action
under this administration. 1t is under
stood in Washington that there will be
no heavy gold shipments from New
York this week.
This news was especially pleasing to
President Harrison, who is extremely
anxious that his administration should
close without increase of the public
debt. To issue bonds, under any cir
cumstances, would have been an abso-
Lutte reversal of the policy which he has
followed for four years of buying
bonds with the surplus money in the
treasury, thereby reducing the public
debt and saving interest When n
telegram was brought to the president
at the white house during the morning
announcing that there would be no
gold shipments this week large enough
to decrease seriously the balance of free
gold in the treasury President Harrison
did not conceal his delight.
Treasurer Nebeker, speaking of the
drain of gold that has been going on
for the past year or more, said it was
largely the work of spectators on the
New York stock exchange. The ex-
port of gold had the effect of
bearing stocks by selling stocks
and then exporting gold. The profit
made on their stocks not only COM
pensatc Z. for the freight charges, insur-
cuse, etc, on the gold shipped, but left
a profit. Then, too, as France and
| Austria were in the market after gold,
the specie found ready sale on the other
| side.
WASHINGTON, Feb. 2S.-One of the
most important bills affecting railroads
ever passed by congress was that which
went through the house Monday after
noon providing for uniform system
of brakes and car-couplers. The bill
has already passed the senate, so that
| the action of the house Monday in
sures n comprehensive American sys-
tenn of safeguards for railway travel.
The bill passed in spite OF the
most bitter opposition from the rail
roads, which contended that it would
bankrupt some of the southern roads
and would cost the railroads of the
country from $50, 900, 600 to 500, OOO. 600.
The final passage of the bill was at
tended by many exciting scenes; men,
bers were wrought to pitch of ex-
element they had not felt before in
! months.
| WASHINGTON, Feb. 2s.-The pension
appropriation bill was passed by the
senate Monday without any amend.
ments. 1t approprates for army and
navy pensions Including widows and
minor children) Sl65, 900, 600 and about
81, 500, 900 in addition for fees of exam.
lining surgeons, clerk hire at pension
agencies and some small items.