The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1893-11-01
WANTS MORE BOND 8.
Willy Old John Sherman Shows Ills
Hand.

Willy Old John Sherman Shows h
WASHINGTON, Oct. 25.-Itisseportet
that towards the close OF seinforms
meeting of tho Senate Finance Commit
tee this morning, Sherman called the al
tention of hio Democratic colleagues t
the, as be termed il, alarming condition
of the Treasury. He referred to th
fact that tho gold reserve had beel
trepched upon to the extent Of sl9, 9,000,
600, the money being used for cnrren
expenses and not redemption proposes
, as was required by law, and asked th'
Democratic Senators what they pro
posed to do to remedy this condition o
affairs. Sherman asserted that the only
thing that could be done was to issue
bonds, for therein was the only meant
presented to the government to replen
ish the exhausted gold reserve. BE en-
phaslzsd the necessity for this course;
but when be pressed his associates fol
an answer, he learned that there was 9
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 it. He suggested that there be issued
a total OF $200,000,000, redeemable at
the option of the government after five
years and to draw not more than per
cent; $50, ,000.0 900 Of this issue he would
put out in denominations of $50 OF
multiples and stipulate that it should be
available for Treasury purposes al
once.
The Democratic members and some
of the Republicans maintained that the
authority was already given the S.cre.
tary of the Treasury to issue bonds un
der the Act OF 1875, but Sherman took
issue, tits said. and asserted that be
very much doubted the authority Of the
Secretary to sell these bonds and es.
pecially to sell them to purchase gold TO
meet the deficiency that now stares him
IL The face.
If the Democrats did not intend to
protect the gold reserve, Sheman said
he would introduce the amendment
himself, as be consldered it q matter OF
the most vital Importance. This state.
ment naturally filled the repeal men
with the gravest apprehenslons for the
success of the repeal bill, and they be-
sought Sherman not to take the step he
had intimated, for the reason that it
would preclpitate another outbreak on
the part of the Senators of the South
and endanger the ultimate repeal Of the
bill itself.
Sherman finally consented not to take
the initiative, but warned his colleagues
that they must d. something to protect
the gold reserve from further encroach-
ments.
At 4:3O Senators Gray, Voorhees, and
Sherman emerged from the room of the
Finance Committee, where they had
been ID conference for sOme time. When
asked whether it was true that he In.
tended offering an amendment to the
bill providing for an issue Of bonds,
Sherman said that he was still unde.
cided. He would thiuk over the matter
until tomorrow and would then act as
his judgment and the circu instances
suggested.
II 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, will give my reasons; if I do moi
offer, there is no need OF saying any
thing"
About 3 o'clock voorhees, and Gray
went alone to. the formers room, anC
after q short talk Gray came out and.
taking a carriage, drove at once up
town. It ls said that. he went to the
White House. He had hardly got out Of
sight when voorhees, came out hur'
riedly and, taking a carriage, was rap
idly driven in the same direction. Both
Senators are 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
afternoon that it looked odd, to say the
least, to see q member of tho Flnarce
Committee offer an amendment to the
bill when he had the opportunity while
it was being discussed in the committee
and during It's various stages in the
Senate instead OF waiting until this late
day.
When asked if he would say anything
about the proposed bond amendment o.
Sherman's, voorhees, replied that he ex'
pechted to pass the bill as it had been
reported by him. ut is bill for the
unconditional repeal OF the Act, and
will be passed unh ,mpered by any
amendment. I can only add that any
amendment that may be offered by any
Senator will be an indication OF his un
friendliness for the bill. As for what
may come after the bill has been re.
pealed, or what may be considered ne.
cessary to be done, the Democratic par.
ty and Congress will not, 1 think, be
found lacking IN it's duty"
The Treasury gold reserve is showing
a tendency to increase, standing to-day
at sS2, ,629 000.
Figur-s from Bruaswick.
BRUNSWICK, GA, Oct. 25.-Fhirty
new Cases ut yellow fever We're reported
here today, five of the patients being
white, and one new case on Jekyl
Island. There are now under treat
meni 40 whites and 222 n-yr).s,
total of 262; 462 cases have been dis
charged; thirty three whites died and
nine ol)red patients, a total OF A.
nave died; 764 patient, have been and
are under treatment to date. Fhe
number discharged today exceeds the