The Progress., 1893-02-25

the Populist5 and Republicans, was
not pleasing to a big majority of the
Democrats in Congress, although
policy will keep down anything like
open opposition until after the dis
tIibution of the choicest bits of presi-
! denial patronage, but there are lively
timcs ahead.
! The fact Is much commented on
that the members Of the Senate com
mittee on foreign relations, who are
actively working for the Nicaragua
Canal bill, now the unfinished bus
ness" of the Senate, are quick to re-
sent any questioning of the inten-
tions of the bill. Senators Sherman
and Morgan are the special cham
pions of the bill. The former, usually
the most courteous of men in debate,
so far lost his temper this week as to
pass the lie with colleague. He was
making statement concerning the
private stockholders of the canal
pany, when he was interrupted 10y
Senator Teller several times; and
when he objected, Mr.. Teller retorted
that his Interruptions were solely for
the purpose of correcting mlsrepre-
sentations the Senator from Ohio
was making. That is false" said
Mr.. Sherman bluntly, and then pro
ceeded with his statement. Three
important amendments to the bill, all
r looking towards an actual control OF
, the work by this government, have
been offered, respectively by Senators
II ggins, Stewart and Quay.
p The public has been miainformed
by careless writer's as to the bill in
| troduced by Senator Sherman and
, favorably reported to the Senate by
= the fiuance committee. The bill does
: not make a new issue of bonds GER
r tain: it only authorizes the secretary
| Of the treasury, in the event of its be-
g coming necessary, to buy gold to
= keep up the treasury reserve to issue
Q S5O.OOO,O00, or so much thereof al
g may be necessary, i'll bonds to rur
o five years, and to bear 3 per cent in
: terest. Under the laws now existing
- no bonds could be issued bearing less
+ than 4 per cent and running for
g long period of years. President Har
n rison positively stated that within
S the last forty-eight hours that NJ
n bonds would be issued under his ad
v mlnistration, unless it became neces
@ sary to prevent financial panic, an'
1, he says he has no fear OF that.
o 1t may not be true, but there is
J. growing belief in Congressional cir
IS cles that certain New YORK banks ar
p aiding in creating au artificial de
i mand for gold in order to force an is
i sue Of United States bonds. Som'
of these banks which voluntarily OF
o fered to furnish the government
II considerable amount of gold with
s. drew the offer es soon aS they ascel
w tanned that it had been determined t
"a issue no bonds.
10 The House this week passed tn
ID general penso appropriation bll
III The radical amendments to the pei
re- sion law, concerning the transfer {
the Pension Bureau to the War ID
, partment and the suspension of til
|. payment of certain pensions wer'
after some rather sharp discussion
nt voted down.
" Representative Bynum, chairma
Of the sub committee charged wit
the investi CATION of the whiskey trus
says on that subject: 80 far rs th
- evidence before the committee goe
-. the trust seems to be in the san
business that everybody else is in
:. taking advantage of every opport
. nifty aud devics To make the mo
:. money" rh.s would Seem to ind
=. cate that Mr. Byuum does not regal
the actions Of The trust as special
30 reprehensib'e
An exchange tells an interesting n
It's ecdote of President Lincoln: ABR
al ham was not afraid TO speak out abo