St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-30

information for Fear of 1t
Creating Needless Alarm-Sen-
ator Gordon Makes a Strong
| Speech for Repeal = Teller
Talks for the siiverites.,
| WASHINGTON, Aug. 29-Mr Voor-
! hees, chairman of the finance commit
| tee, reported back the house bill re
! pealing part OF the Sherman act, with
an amendment in the nature of substi-
! tute. The substitute, he said, was ex-
actIy the bill heretofore reported from
| the finance committee. He understood
| that notice of an intention to address
the senate had been given bv the gen.
tleman from Georgia Gordon and the
senator from Ohio (Sherman), and he
suggested that their remarks might be
made on the bill which he had just re-
| ported. He explained further that the
bill. as reported from the finance COM
mittee was identical with that passed
by the house so far as concerned the re-
| peal of the purchasing clause of the
| Sherman act; and that, from that point
on, there was certain matter in the
| substitute which was not in the house
| bill, and which. in his judgment, i'm
! proved it and made it more acceptable.
Mr.. Harris, member Of the finance
| committee, said that the substitute just
| reported was majority report in which
the minority of the committee did not
concur
The resolution offered yesterday by
! kfr VI lot Fl,,,
senate. 1t directs the secretary of the
| treasury to inform the senate whether
| there is danger of deficiency in the
revenues of the government during the
| current year; and if so, what is the
! probable amount of
Such Deficiency.
and whether legislation is necessary to
! supply such deficiency. The resolu-
ton gave rise 60 long discussion.
Senators Sherman, Voorhees,. Mills,
Mcpherson and Harris opposed the
resolution as calling for predetermined
statements calculated to create needless
alarm, or as rejecting on the sec
rotary of the treasury. motion
to refer the resolution to the
finance committee was made by Mr..
Voorhees,. That motion was opposed by
Mr.. Hill and by Mr.. Stewart. Mr.. Hill
declared that he had as much confidence
i'll the secretary of the treasury as the
senator from Indiana had, but he could
see no danger to the country from the
adoption of the resolution. 1t contained
no manifestation of any lack or conf
dence IN the secretary of the treasury.
What harm could there be in asking in
formation as to>What the revenues Of
the government for the current year
would be? There was no suggestion
that the resolution would disturb the
interests of the country, or that there
was anything to be covered up. He had
not heard it suggested, except vaguely
and indefinitely, that the resolution
was an attack on any one. He was OPP
posed to the system. which he thought
was now to be inaugurated, OF referring
to committees all resolutions calling on
heads of departments for information.
He took the same position today
which he had taken the other day ION
the resolution offered by Mr.. Petfer.)
He had not been consulted by the sena-
tor from Nevada ain regard to the session.
He knew nothing about it. Certainly
there was nothing in it that would
Alarm tEle Country.
What was the situation? There
seemed to be some dispute as to- whether
congress was TO legiSlate on the tariff
question at this extraordinary session.
There seemed To be no fixed policy on
the subject. But if there was to be
tariff legislation it was necessary to
know what were the anticipated reve-
nueS of the government. He had such
confidence i'll the secretary of the treas
ury that he was ready to believe that
whatever suggestion he might make i'll
relation TO the revenues would probably
be adopted by the two houses of con-
gresS and he child should be pleased to
hear from him.
Mr.. Stewart defended the resolution.
There was a rumor he said. that there
was deficiency in the revenue now,
and that the treasury had difficulty in
paying current expenses. There was
rumor that the gold reserve was being
paid out for current expenses; and he
did not suppose that the senate desired
that TO be done.
Mr.. Mcpherson asked Mr.. Stewart
whether he did not know that the Dem
ocratlc party was in power in the SEN
ate, and thar the responsibility was
upon it.
Mr.. Stewart replied mo. do not
know that. know that the gold party
claims to be in power. | think that
there are more administration men on
the Republican side of the chamber
than there are on the Democratic side.
That is the condition at this eXtraor-
binary session. | do not think that the
Democratic party is i'll power at all in
this senate. 1t is the gold party that
claims to be in power. do not believe
that it is. That is not the way the lines
are drawn. We hear more eulogY ofthe
administration from the Republican
side than from the Democratic side. If
this resolution had been introduced by
an administration supporter there would
have been no objection to it," Finally
the resolution was referred to the
finance committee-yeas 40. nays ID.
The senators voting nay were Messrs.
Allen, Call, Dubois, Hansbrough, Hill,
irby, Jones off Nevada, Lindsay. Peifer,
Power Shoup. Stewart, Teller White,
of California, and Wolcott.
Mr. Gordon addressed the senate in
favor of the unconditional repeal of the
purchasing clauses of the Sherman act
and against the substitute, which he
said would involve additional delay;
ana III Tue IlcdHLllD6 lu6 cOnulGlOn OF
the country would grow more and more
alarming.
While congress delayed. Southern cot
tou was seeking a market with few
buyers, save
Foreign Houses
ana their agents, and the price Cup to a
few hours ago. had descended far below
the cost of production. If the senate
should now lock the wheels of progress
which had been set in motion in the
Other end of the capitol. the price of
cotton would again descend below the
cost of production. He could not vote
for measure that involved additional
delay.
Mr.. Gordon in the concluding portion
or his speech advocated the repeal of
| the 10 per cent tax on state banks He
| said that it was absolutely certain that
the states might be wisely and properly
| (and they ought to be- trusted with
larper charp of rpSnnuSlbIlit1r IL,