The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-02-01
IN THE SENATE.
Discusaion Of Secretary CarItsIe's Au-
thority to Issne Bonea.

bheussfon OF secretary GarlthIofo Au-
thority to Issue Bones.
WAsHrseroS CIrY. Jan. 3l.-The entire
time of the senate today vas consumed in
discussion of the resolution of Stewart,
declaring the secretary of the treasury has
no power to issue the bonds for which bids
have been invited. Allen of Nebraska re-
piled to Sherman argument of yesterday.
He declared that the authority to issue
bonds under the resumption act was not
continuing power. and ceased with its
first exercise.
docs not the duty retiring $500, ,0Oo, 900
continue the same as before ?" inquired
Senator Platt. ''Is not the secretary Of the
treasury just as much bound TO redeem
treasury notes presented now as before the
time of redemption of those notes?"
'No, sir" replied Allen.
.'Does the senator hold tha. if a treasury
note is now presented, the treasury is not
bound to redeem IL"
Il do" replied Allen; 'he is not, under
any act of congress now in existence"
Stewart confirmed Aliens statement,
and said the only intention of the act of
1875 was 10 redeem s75.0po.Ooo of green
backs. and that was the extent of the
power given By law.
Allen, in reply TO a question by Allison,
said the only power conferred upon the
secretary of the treasury was to redeem
legal tender notes down to 81. 800, 900, and
when they reached that point his power To
redeem stopped.
Allison replied: "rhe reserve of $780,
. 600, 000 is lying there now for the purpose
OF reGeeming greenbseks. and for no other
purpose"
Allen maintained that the reserve fund
was mere caprice of the secretary of the
treasury and rested upon no authority de-
rived from congress. The secretary has
the power to destroy the reserve and use
ii for the ordinary purposes of govern
ment
Hoar then said; II feel bound by 8
sense of public duty to declare that in my
opinion bonds issued and sold by the
treasury department under the existing
circumstances will be Illegal ana will
carry no constitutional or lawful obliga-
ton on the government for payment"
German argued that the Republicans
were responsible Tor the present condition
OF the treasury, bat admitted that silver
legislation vas in part responsible for the
situation.
sherman said the principal cause was
that the Democratic party had come into
power.
VOORHEES, contended that there was no
question of the secretary's poser 10 issue
bonds and any question Of expenditure OF
money was subject for later considera-
ton, after ths money had been secured by
the sale OF bonds. He maintained that
the secretary could use the money both TO
redeem greenbacks and carry on the gov
eminent.
Hawley said the success of the Demo-
cratic party vas responsible for the falling
of in the revenue ana depletion Of the
treasury.
The bond question went over until TO-
morrow, and at SIS the senate adjourned.
observation-disclosures Il. Ferguson, Of
Maryland, 20 be minister 10 Sseden and
Norway.
Combinations - Commodore John O.
Walker 10 be rear admiral.
The Republican Victory an New York.
NEw YORK. Jan. 3i---Complete unoffi-
ca! figures oil yesterdays election ia the
Fourteenth congressional district give
Qaigg. Rep. asi plurality, Republican
gam OF . .soa Ia the Fifteenth district
S.raGs., Dem. had plurality OF 4.6e7, q
Republican gain of 7.is2. Many Demo
a. - l.