New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-28
ruE BOND PROV1SO DOOMED.
$50 WILL. BE DROPPED IN CONFERENCE.
uorsE NoN.CoNCURs IN ALL THE SENATE
AMENDMENTS TO THE SUNDRY
CIVIL BILL.
rpY TELEGRAPH TO TIE TRIBUSE.1


washington, Feb. 27.-Dy q vote OF 900 to Ia the
=. - representatives to-day suspended the rules
h, can't the Senate amendments to the Sundry Civil
a , - a committee Of conference. thus avoiding any
"" :, the strength Of the bond amendment, which
,r,onds desired and its opponents were anxious
" oscape The thirty minutes allowed for debate
- fnlv occupied. Bo,lrke Cochran who led the
.,t,on 70 Chairman llolman's motion TO suspend
VIZ MOS smoke twice with great energy and earnest
I .. lie favored the amendment but objected to
,o.s npon ii until after an opportunity had been
80, for full discussion. He contended that the
p,,o, AZ the House to pass bill to repeal the
w. 'uo, purchase law has made 1t absolutely
' a clothc the Secretary OF the Treasury with
w. 70 sell bonds for gold to redeem the Treasury
Mos issued under that law.
n, Bland replied. taking tho ground that the
ov,des for the coinage OF the bullion into dollars
-. ~. redemption Of the notes issued under 1t. lie
ornced the bond amendment as "an Insult TO the
,.,se OF Representatives, and declared that il its
m,ors "possessed the spirit OF liberty and indie
.asrce which animated our forcfathers" they never
I'D consent TO IFS adoption. The Senate had as
w., right 70 amend an appropriation bill by insert
~ ,arf bill In the body OF it as 1t had to fasten
49, hond amendment upon II. II the chairman OF
~. WAYS and Means Committee had the spirit which
80 .r,bt 70 possess he would resent the proposition
.msrcon House OF Lords" Mr.. Bland wanted
" rrox whether eve free men," and whether
-. will stand here helpless and allow the Senate 10
.,er5de the Constitution Mr.. Bland conciuded
", threat that unless the bond amendment shonld
:, d,onneS in the conference its opponents would
'. svarv ms in their power to prevent Its adop-
~, rrac.v Of Now-York desired to remind the
~ that II was simply business proposition
uhe,h.r the secretary OF the Treasury should nave
n,boitv 10 issue per cent fve-year o'huS OF De
.r,rel,cd. in case OF emergency, to Issue bonds
=. a higher rate OF interest and running twenty VI
r.v wears Messrs. Bryan, OF Nebraska. ana lay
=; Illinois both opposed the amendment me
,.,,o- declared that the object OF IL was 10 "iuNc
inv scsrcer for the benefit Of "Wan Street money
l1arcrs." and he wanted 10 warn INV" ~
a. their control IS past"
Mr. Cochran replied TO the opponents or the aiheHu
mon, IN an imprisoned speech. As be'weeh 'ne
p,,ra law md the sherman law, he regarded the at
%, os the better OF the two because the former COM
, tbe coinage OF deprecated and degraded dollars
rbcb were bound TO sink TO a discount as sooh rs
tho amount Of dollars silver certificates should eN-
900 ,ba annual receipts of revenue. Under the sner-
o, lave the Government has become buyer VI Sill
,s- IN the market. Instead OF sustaining the prize
4, svc- bullion the effect OF the law has been 10 de
,-a,,s,e f. The question now Is 70 PROVIDE TOT the
redemption In good money OF the treasury notes
ksns 10 pay for silver bullion. lie believed that
The Secretary has authority 10 issue anu 9Vi' ~
order 10 repcush and maintain the gold reserve bue
ina, rcht has been questioned. and everybody Knew
., tho ability Of the secretary to dispose OF BONDS
might thereby be impaired
Probably the vote against the motion To n'n-coh-
FUR in all the amendments, including the BOND amend
nent would have been larger but for an understands
ps that It Is TO be dropped IN conference since
The House adjourned saturday Information has oeeh
received from Mr.. Carlisle that he shall regard as
k,ritr civ RcsltmOtlOn
iSIe and sell bonds. and that he does no, otai!c
action upon the bond amendment shonld be uraru 10
noInt which would endanger the passage OF iiile
sundry Civil and other general appropriation Dlis'
1bIs Information communicated TO leadlnE opPn
nsnts of the amendment well rs 10 many neilDers
Who favored g. before the matter was brought up 20
tsi II then became simply question as 10 whetnci
CONFESS wOuld vote 10 save | per cent year aIIu
rstSin the option OF payment after five years on any
bonds which 1t might be found necessary 10 lssh w.
Ms Mr. Inland and the Democrats who foJoW ms
lad declare shall be done ana the TACT Is recos
nted that they are strong enough TO prevent IL.