The morning call., 1894-02-10

treasury notes TO the extent OF SaoUUU,UUO.
He referred TO the disturbance in England
and Prussia over silver, and said: Europe
is walking the floor. Let US pursue the
Fabian policy of non-action and we can
make terms for the use Of silver" [Ap-
plause.l
McKeighan (Pop.) OF Nebraska made a
free-silyer argument. The gold basis and
a high tariff. he said, was discriminating
against the West in 1.-The interest of the
East. "If l had the power" he went on,
Il would strip down the tariff that pro-
tects the East and force it into competition
with the West as the East forces US into
competition with foreign nations"
At the concl usiOn of McKeighan's
speech, which consumed an hour and a
half, barter (D.) of Ohio took the floor in
opposition TO the bill. There was. he
said. little place for sentiment in the dis
cussion of this bill. but abundant oppor-
tuEity for the exercise of common-sense
The United States had bid good-by to the
coinage of silver; that question had been
settled. and he hoped it was not to be re-
opened by a Democratic Congress. The
question ought to be settled in business
manner. There was safe and easy way
out of the difficulty. There was at present
deficiency in the revenues and an in
crease in the expenditures.
There were three means of relieving the
treasury, any one of which would suffice.
The first was to reduce salaries % per
cent, including those OF members of Con-
gress. The second was TO put a duty on
sugar which would provide S35. 600, 600 and
to further increase the whisky tax to
81 20 per gallon. which would furnish
$50. O00, 600, and increase the tax on beer
to 81, and put duty on tea and coffee. A
tax Of One-tenth of a cent per cup on tea
and coffee would yield revenue of
S29. Loco. 900. The third method was by the
negotiation OF short time loan.
| In speaking of the coinage of silver Har-
ter called attention to the fact that in
| twenty-f0ur months the value of the silver
in the treasury had fallen S4,000,000.
"The papers today" said Sibley of
| Pennsylvania. interrupting Harter, San
nounced that silver had touched the lowest
point in its history and the same papers
| showed that wheat was never SO low.
Wheat and silver have maintained a par
| ity. The gentleman from Ohio told the
House last summer that the repeal of the
| Sherman law would be followed by a
revival of prosperity and high prices"
"And to-day we see the result of tie
prophecy" added Bland, supplementary
to Sibley's remark.
The country was saved disastrous con.
sequences, at least" replied Harter. turn
ing to Bland. at would have been worse
if we had taken your advice"
ave don't know that" retorted Bland
'and we do know the result of your
prophecy"
Harter created some amusement by a
reference 10 the manner in which the
Democratic party was delineated in comic
papers as jackass. He thought it was
perfectly fair. perhaps. for Republican
papers to portray the Democracy as jack
asses, but he did not see why. when
proposition like the Bland bill was brough
into the House. the Democrats should fiay
their ears and bray to show they wert
jack asses.
Kilgore of Texas. who made the conclud
that if the Government was in need o.
money it was better to coin the silver
seigniOrage than to borrow money and pay
| interest upon loan.
Without completing his speech Kilgore
yielded to a motion for the committee tC
rise, and Geissenhainer, from the Commit
tee on Naval Affairs, presented the repOr
of that committee on Holman's resolution
to investigate the premiums paid to con-
tractors for war vessels. At o'clock the
| House adjourned.