Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-02-01
A HOT DEBATE IN THE HOUSE,


ny AHNnDiNANN 4 iN.Ns
Ws.hlng,on, .au. 81 The eullre tme
Of the sematc was today consumed in
the discussion of the resolution Of seua
Tor Stewart declaring the treasury had
no power 10 isAte bonds Tor which Aiii
have hron invited, senator Allen opened
tho discussion Ia support OF The resolu-
zion.
senator Hoar surprised his colleague
by sustaining fhc pusiunn taken by Seu,
atnrs Allen aud Stewart aud senator
Eorm0n mado q speocn replying TO the
political structure of SenNiur sherman,
| hut giving no expression of opinion as
TO Inn authority of the secretary LA.lA..lal.i>
tne proceeds OF the bonAa.i1.--T0TU Gun
lowed, participated in by Senators Ala.
! rich, ShermW. Voorhees,, aud others.
The bond resolution went over I'LL To-
morrow without action
Religious societies are making sys'
! tomato light on whisky, beer ami de-
sirr To- tax these articles 10 such de-
gree AZ TO make them pruhihiory hx-
| lures \ petition was presented by Sent.
| tor Culom, praying that the nlerna.
| revenue mN ON these articles Ice reblcd
! In the new tnrih law,
| Resolutions denying the authority ct
| the sccrcWry of the treasury 10 issue the
| proposed bonds cumc up and Senator
| Allen tool, tue ilour TO reply 10 the argu
iueut Of senator sherman OF yostertay,
]
Allen, lin the discussion of This question
| yesterday said that this power of The
| secretary to issuc bonds was "a cOuunu
ing power and that 10 continued until
water ceased 10 run and time onds, IN.
less congress shall change or modify u
by law. lnc law doc. not permit ihia
construction. II pr1ydos for "a single
redemption. II provides that he may
sell bonds for the purpose Of making the
redemption mentioned. All through the
nN whore the subject rs rfurred 10 Is
conveyed the idea IN plain language that
1t n Il single redemption taat Is TO be
made In this act When the redemption
ceased with o., Whenever this govern.
ment cuilul IN excess Of S3OO,OJO,OOl
outstanding tretsury notes, and re-
drencd OF destroyed them, the power 10
issue bnn,ls censei
"DDol not thc duty Of retiring the
S3OO,OOOOOO continue to rcimain as be-
forcT qucrled senator l1att Us not
The secretary Of the treasury just Ms
much bound 10 redeem the treasury notes
presented Nov as before the limitation VI
me Redemption Of those uo,esT
mo. air., replied Senator Allen,
"Docs the senator hold tiiat N tie
treasury's notes are now presented the
treasury is not bound To- redeem themf
II do replied Senator Allen lie il
not under amy acc of congr,rs now it
existence,
Senator stewart Interrupted and con
trmcd the statement of AIR. Allen,
40 ! understand the senators ir0H
Nebraska and Ncvada TO maintain. %
interrupted Senator Allison, that under
the resumption act of 1870 b was only
Intended TO redeem W provide for the
redemption 0f Stp.uUU,O1O VI the green.
backs. and that whom these $tj,UOO,OOJ
OF Freenhacks were redeemed az the
TREASURY, IL was mi end Of the redonp
tiong'
"Tbat Is the extent of the powers
given by the law insisted Senator
, Stewart
II desire 10 know continued Senator
, Allison. "from the senator from Me-
hrnskn, who has The floor. u that is his
construction Of the law under the orig
innl hctsF'
Before answering that question"
said Scnntor Allen 81 desire 10 ask The
senator from Iowa question. Is it
not true that the power possessed by tue
secretary Of the treasury must be such
a power as a conferred upon him by tue
no doubt about that asserted Sea-
, ntor Allison.
senator from Iowa, Ny construction Or
lie redemption Is this. The only power
conferred by that act upon the secretary
OF the treasury WAS 10 redeem the volume
! of Out standing legal iNlurr lfthauiN
r notes on the first day of January, 1879,
/ down TO S3UUOOOOOO, and that his
, power stopped TO redeem them when he
reached that point
D # assert" said Senator Aleu- that
under all these a0ls. constituting them
.oreiher. The secretary Of the Treasury
never had the power to redeem beyond
s!gJDOl1OOU, and be does rot possess
fhlf power today. Any other conclusion
q transfers. the entire power over the hscai
{ affairs Of This nation from congress-
v-nere the constitution vests II, 10 the
/, unlimited and unchecked discretion Of
j he secretary Of the treasury.
'Tnan your contention y. said Senator
e Allison. that the S05iQ0O,0OO Of bonds
which were sold by the secretary OF the
treasury for the purpose Of prep.ri
for The resumption are illegal, at least
q, over excess Of ST5,0OO,OOO.'
Not az ALL" replied Senator Allen.
81 have made No contention Of that
kind. / may after awhile"
I ''The plnin meaning Of the act Of 1878,
D az i conceive &c, said senator Harris.
a ~ that every note when presented shall
q be redeemed, hut not that they must be-
. rclccnedi they may continue 10 ircu'
.sIsie law " 1873" said Senator An
son, affected only S4C,00OOOO green
q.