Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-08
T n E B O Nd ! S U E
Senator Stewards Resolution Discussed at
Length Today.
MF. Teller on the Deficiency That Cam
not BE Denied-The Matter
Goes Over.

In the Senate this morning Senator Per-
kins tCal) presented memorials of the San
Francisco chamber Of commerce praying
for the annexation OF Hawaii, the laying of
cable from the United States to Hawaii
and for the completion Of the Nicaragua
canal under governmental control.
Senator Wolcott (Col) presented a resolu-
ton providing for the submission Of con-
stitutional amendment prohibiting the
states from denying suffrage to any person
on account Of sex.
A memorial Of the wool growers against
the Wilson bill was presented by Senator
Sherman. who stated that the finance COM
mittee had refused the wool growers a hear
ing. and requested that the memorial be
printed. 1t was so ordered.
Senator Wolcott presented. without read
Ing, several amendments to the Wilson tar
If bill.
The Transfer Station.
Senator Hale (Me) protested against the
proposed erection Of a transfer station at
the corner Of the Treasury Department by
the street railroad company, without any
authority. and presented a resolution d.
recting the District Commissioners to re-
port by what authority this building was
being erected.
This precipitated quite a long discussion.
in which Senators Voorhees,, Hale Sher-
man. Piatt. White tCal.). Butler and
Faulkner took part, and considerable at
tention was given to street railway mat
tiers in the District of Columbia.
Immediate consideration Of the resolution
was objected to, and 1t went over under
the rules.
The Question of Strikes.
Resolutions of the Order Of Railway Con-
A,pct thn ~
Engineers. the Brotherhood Of Railway
Trainmen and the switchmen's Mutual Aid
Association and American Railway Union
protesting against the ruling of United
States courts Oh the question Of strikes
were presented by Senator Voorhees,, and
ordered to be printed for use of the Sem
ate.
A letter from the Secretary of the Treas
sury was laid before the Senate in reply to
the resolution Of Senator PETER. adopted
some days ago. calling for the names Of
bond bidders. amounts Of bonds issued and
rates Of interest.
On motion of Senator voorhees, 1t was
ordered that when the Senate adjourns to
day 1t be until Monday next.
MIR. Stewards Bond Resolution.
The resolution Of Senator Stewart denying
the rights of the Secretary Of the Treasury
to issue the United States bonds and ques-
tioning their validity came up as the regu-
lar order with various pending amendments.
Senator Butler said the legal questions in
volved in the resolution and amendments
were Of such Importance that he believed
the resolution should go to the judiciary
committee.
Senator Stewart after some colloquy, ac-
cepted the amendment of Senator Dubois,
adding to the resolution a declaration of the
Senate that There Is no present necessity
Tor the saSee OF bonds for any purpose speci-
fed under the resumption act
The point was made by Senator Morrill,
that the effect of the adoption Of such a
resolution would be to deny the power Of
the Secretary to reissue the United States
notes that are returned to him in the course
of the treasury business.
Senator Quay opposed the reference Of the
resolution to the judiciary committee. THE
Senators from South Carolina (Butler) and
Ohio GSherman) well know" said he. that
to refer 1t to that committee means simply
to give 1t a decent burial.
That result will go out to the world as
justification of what the Senator from Ohio
knows to be an Illegal act"
Senator Teller said the recent purchase
of United States bonds was forced" pur
chase. The Secretary Of the Treasury had
in New York stated to the bankers that II
these bonds were not hoated there would
be a panic-a greater panic than the one of
last falkland 1t was to avert that panic
that they reluctantly purchased the bonds.
Senator Teller's Speech.
IT am not speaking as partisan or
Senate silver man." said Senator Teller,
''but 1 want to know what the American
Congress is going to do with this question
of deficiency. Everybody knows from
the experience of the Secretary Of the
Treasury that no more five per cent bonds
on a three per cent basis can be sold. 1t
is morally certain that II another $50, OOO,-
600 were offered 1t would be a failure. We
are face to face with the question of wheth-
e- there is to be a continued deficiency or
whether there is to be some effort to meet
this deficiency by some sound system of
finance
and the men who have been the loudest in
denunciation of our system Of finance now
stand up and declare that they have not
the skill or the win to devise a way out of
these difficulties. l am not one Of those
who believe that the entire responsibility
Is with the dominant party. 1 believe that
l, as a Senator, cannot divest myself from
my share Of duty and responsibility in solv-
ing this question, and do not believe that
any one of my colleagues can divest himself
OF his due share of the responsibility.
say this as warning to my colleagues. and
especially to such of them as are members
of the committee having control of this
financial question"
Senator Call of Florida opposed the ref
erence. He presented a resolution declaring
1t to be the duty of Congress to pass a law
legalizing the recent issue of bonds, as he
believed without such law the bonds now
being sent out would be without validity
or legal effect
In opposing the motion for reference Mr.
PETER contended that the Secretary Of the
Treasury had not even pretended that the
money derived from the bonds was to be
used for redemption purposes.
The Matter Went Over.
At 2 o'clock, the matter being still un-'
disposed of, the unfinished business Of the
day came up. Senator Stewart was granted
unanimous consent that the resolution re-
tain its place on the calendar.
The unfinished business was House bill
to require railroad companies operating
railroads in territories over a right Of way
granted by the government to establish
stations and depots at all town sites on
the lines Of said road established by the
Interior Department.
OVERFLOW MEETINGS,
Arrangements Made by MIR. Moody for