The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1894-02-09
SENATE DISCUSSES BONDS.
Debate on tho Resolution offered by Stew
art Defying Carlisle's Power.

art Defying Carlisle's Power.
WASHINGTON, Feb. fisherman (Rep
Ohio, presented memorial of the wool
growers against putting wool on the
free list, and asked (as the wool grow
ers had been refused a hearing by the
finance committee), that the memorial
be printed. 1t was 80 ordered.
Memorials Of the San Francisco cham
Der of commerce praying for the annex
alton OF Hawaii, the laying of q cable
from the United States to Hawaii, and
for the completion OF tho Nicarauga
canal under Government CONTROL were
presented by Perkins, of Ca ifornia.
joint resolution providing cons.i-
tutional amendment for woman suffrage
was presented by Wolcott rep Colo.)
and WAS referred to the committee on
woman suffrage.
On motion of Mr.. Voorhees, it was
agreed that when the Senate adjourns
to-day it be until Monday next
The resolution offered by Stewart,
declaring it to be the sense of the Sen.
ate that the Secretary OF the Treasury
has no authority to issue bonds except
under the resumption act and that the
money derived from the sale Of bonds
under that act cannot be applied to any
other purpose than as specified in the
resumption act, was laid before the
Senate.
Stewart modified the resolution by
adding to it the following clause: And,
in the opinion of the Senate, there is
no present necessity for the sale of
bonds for the purpose specified in the
resumption act
Butler Is. g. moved to refer the reso
luton to the committee on judiciary
Sherman favored such reference Quay
said the reference proposed would
simply be giving the resolution de.
cent burial and that it would be a justi
fcation OF what the Senator from Ohio
knew to be an illegal act.
Morrill, opposed oil tho propositions.
He understood that gold was being
drawn out Of the treasury by the pre-
sentation of United States notes and
one Of the propositions would forbid the
Secretary using United States notes.
Yet there was positive statute that
United States notes cannot be cancelled
and must be reissued.
In the course Of a desultory discussion
Teller (Rep., Col said thai he wanted
to know what the American Congress
was going to do with the question of
deficiency. Everybody knew, he said,
that no moro per cent. bonds on 3
per cent. basis could be sold. 1t was
morally certain to day that if another
ffty million issue were offered it would
be q failure.
And the Congress was mot, he said
face to face with the question, whether
there was to be q continued deficiency,
with an unknown increase of debt, or
whether there should be some effort
made to meet the deficiency by some
sound system of finance. The credit Of
the country was now threatened, and
the men who had been loudest in the
denunciation of the double standard of
money admitted now that they had not
the skill, or the will to devise q way
out OF this disastrous and disgraceful
condition.
He concluded with the declaration
that II the dominant party did not act
In the matter, 1t was the duty of the
minority to insist that the majority
should not. German moved to refer the
resolution to the committee on finance
Pending action on that motion, the
ton went over till tomorrow.
at 3 p. m. the House resolution on
the death of Representative V.Mutchler,
OF Pennsylvania, were laid before the
Senate; and Quay (Rep., PAL, offered
the usual resolutions of coincidence and
respect. Eulogies of the life and charac.
tor Of Mutchler were pronounced by
Quay, Mitchell (Dem Wis., and Hans
brough.
The resolutions were agreed to. and
the Senate at $3.50 adjourned till Mon
day next