The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1894-02-09
The BOND ISSUE CONTROVERSY
It Again Engages the Senate's
Attention.
Senator Quay Goes for "Honest
John Sherman.
Senator Teller Makes a.stronx Speech.
Biand's seigniorsgs Bill Talon
Up in tho House. w gsh-
ington Gossip.


BY the Associated Press.
WASHINGTON, Feb. S.-The right OF the
lecretary Of the treasury tosissue United
States bonds at this time wan again the
iubject OF controversy in the senate to-
lay. The resolution Of Stewart came up
ander the rules. and motion made by
Butler to refer it to the committee on
Judiciary proved the only opposition.
Quay took decided stand in favor OF
Aisposing of the matter in open senate
instead of giving it a decent burial by
referring it to the committee, from
which it would never emerge, and init
mated that Sherman gave to the country
an apparent justification of. Secretary
Carlisle's action, when the Ohio senator
slearly knew il to be illegal.
A strong speech was mEde by Teller,
in which be depicted the deplorable
financial condition Of the country, and
sailed upon his Republican colleagues to
bear their fair share of the responsible
Ties and cause, and not attempt to throw
upon the dominant party the entire bur-
den of devising remedies for the impend-
Ing panic.
The resolution finally went over.
Wolcott of Colorado presented q reso-
lution for the submission of a conHti-
tutional amendment prohibiting states
from denying suffrage to any person on
account of sex.
Sherman presented memorial from
The wool growers against the Wilson
bill, saying the finance committee had
refused the wool growers hearing, and
h,k ho oil ho MT
So ordered.
Wolcott presented several amend
ments to the tariff bill.
Resolutions of the Order of Railway
Conductors, the Brotherhood of Loco
motive Engineers, the Brotherhood of
Railway Trainmen, the Switchmen's
Mutual Aid association and the Ameri-
can Railway union. protesting against
the rulings Of the United States courts
On the question of strikes, were
presented by Voorhees, and ordered
printed for the use of the senate.
A letter from the secretary of the
treasury was laid before the senate in
reply to the resolution of PETER adopted
some days ago calling for the names of
bond bidders, the amounts sof bonds
issued and the rate of interest.
The resolution of Stewart denying the
right of the secretary of the treasury to
issue United States bonds, and ques-
tioning their validity, came mp as the
regular order, with various pending
amendments.
Butler said the legal questions in
volved in the resolution and amend
ments were of sueh Importance that
he believed the resolution should 60 to
the judiciary committee.
Stewart, after some eolloquy, accepted
the amendment heretofore proposed by
Dubois, adding to the resolution the
declaration of the senate that there is
no present necessity for the Gale of
bonds for any purpose specified under
the resumption act"
Morrill, made the point that the effect
Of the adoption of such a resolution
would be to deny the power of the Sec
rotary to reissue United States notes
returned to him in the course of treasury
business.
Quay opposed the reference of the res.
olution to the judiciary committee.
1.-THE senators from South Carolina
(Butler) and Ohio (Sherman) well
know" said he, THAT to refer it to
that committee means simply to give it
. decent burial. The result will go out
to the world as Q justification of what
the senator from Ohio knows to be an
Illegal act"
Teller said the recent purchase of
United States bonds was a "forced'
purchase. The secretary of the treas
ury had in New York stated to bankers
that if these bonds were not foated,
there would be panic-R greater panic
than the one last fali--and it was to
avoid panic that they reluctantly pur-
chased the bonds.
81 am not speaking as partisan or
as a silver man." said Teller. shut /
want to know what the American con-
gress is going to do with this question
Of deficiency. Everybody knows from
the experience of the secretary of the
treasury that no mora per cent bonds
ON per cent basis can be sold. 1t is
morally certain that if another $50, 000,-
BOO were offered it would be failure"
Call opposed reference, and presented
resolution declaring it the duty OF
congress to pass a law iegalizing 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,
PETER commended the secretary of the
treasury had not even pretended that
the money derived from the bonds was
TO be used for redemption purposes.
At 2 o'clock, the matter being still
nndisposed OF, the unfinished business
Of the day came up. Stewart was
granted unanimous consent that the
resolution retain its place on the calen-
dar.
The unfinished business was the
house bill to require railroad companies
operating railroads. in territories over
F, right CT way granted by the government
10 establish stations and depots at all
town sites on the lines of the roads es-
tablished by the interior department.
Pending the discussion OF the bill and
before vote could DO taken on it's
sausage. the hour of O'Clock arrived
md the special order was memorial
resolution in memory of Representative
Mutcnler of Pennsylvania, who died at
the beginning Of the present congress.
Addresses were delivered by Mitchell,
Quay, Hansbrough and several others,
and at rs the senate adjourned until
Monday next.
During the day Gray and Daniel gave
notice that they would on Monday ad-
dress the senate on the Hawaiian ques-
lion.
THE DEADLOCK BROTEN.