Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-01-23
The Sugar Schedule Of Wilson
Bill Under Debate.
Speaker Crisp and Mr.. BouteIle Have
Their Usual Squabble.
Sergeant A. Arms and 1acs Send Maine Man
70 His Seat.

ufactures; with a copy of the resolutions on
the same subject adopted at a mass meet
ing held in New York, Jan IL. HI
said that those industries gave employment
to 500. 900 people and $500, 900 900 capital
A like remonstrance was presented by Hoal
(Rep.) of Massachusetts, from the Home
Market Club, Boston, with protest from
workingmen, expressing their indignation
at the suggestion that their signatures tc
such petitions were influenced by their en-
ployers.
A remonstrance from the Knights Of
Labor against an issue of government bont'
was presented by Hoar. A bill to codify
and arrange laws elating TO pensions wal
introduced by Palmer (Dem.) Of Illinois and
referred to the committee on pensions. A
resolution calling on the civil service com
mission for statement as to cases in which
the alleged civil service law or regulations
have been violated any heads of executive
departments or bureaus since March 4
1889, was offered by Lodue (Rep.) OF
Massachusetts. On objection by Berry
(Dem.) of Arkansas, it went over till to.
morrow.
A resolution offered by Hoar of Massa.
chusetts was agreed to, calling on the Sec
retary of the treasury for information as to
the need of lightship and additional safe
guards for the approach Of vessels to Bos-
ton harbor. The resolution offered Thurs
day by Call (Dem.) Of Florida instructire
the committee on civil service to examine
into the condition of the civil service law
and the expediency Of its retrenchment OF
increase, was laid before the Senate. An
amendment was offered by Berry (Dem. }
of Arkansas, directing the committee to re-
port the number employed in the classified
service from each state and territory, and,
as far as possible, the political party to
which each beloug. Wolcott (Rep.) OF
Colorado moved to strike out of Berry's
amendment the part that requires the poll
tics Of employees to be reported.
The credentials of Senator Martin,
(Dem.) of Virgins, for the term beginning
March 5, 1895. were presented aud placed
on file. The resolution offered Thursday,
by PETER, on the subject of the notice OF
the issue of bonds,s and declaring that the
secretary of the treasury had no lawful au-
thority for issuing Or selling such bonds,
was laid before the Senate and PETER
spoke upon it.
If the secretary of United States treasury
was acting as agent of the President, max
ing new law, there could be no question
that it was in violation of the fundamental
doctrine of the constitution itself. The
provisions of the act of January IA, 1875,
the resumption act under which the secre-
tary of the treasury was acting. tits perfect
ly plain that the act related to the redemp-
ton Of United States notes and nothing
else. No authority was granted in it to is
sue bonds further than to meet these nec-
essities of the resumption act.
The secretary Of the treasury, in his no.
tice, did not speak of using the proceeds Of
the bonds for the purpose of the act Of
1875, the same by which he professed to se-
cure authority. There was nothing in the
notice showing that he desired or expected
to use the proceeds of the bonds for the
purpose provided in that act. There was
no demand for redemption of greenbacks
and if there was there was more than enough
gold in the treasury, to meet the demand.
Allen (Pop.) of Nebraska, said the act of
1875 authorized the sc cretary of the treas
ury to redeem the then outstanding legal
treasury notes that the provision having
been complied with, he has power to issue
bodds under that act.
1t has ceased questionably, said
PETER. The senator is right. Whence,
PETER asked, came the clamor for bonds2
Were the people to be made the prey of
spectators and gamblers? At this moment
there was Sl40,000C00 idle money idle
money in the treasury, which according to
the platform of both parties must be main-
tanned as good money. PETER said the ad-
ministtation made this issue of five per cent.
gold bonds a party question, and the party
would be scattered to the four winds of
heaven and would deserve to be. The gold
to be obtained from those bonds is not to be
q redemption fund, but gaming fund for
which spectators might play.
Allan asked whether any statute required
that SlOO, ,OO0, 900 gold be retained as re-
demption fund.
mo sir" PETER replied; .'there never
was any such law. The language of the
law of 1875 is that sum sufficient to carry
out the provisions of this act" The then
secretary of the treasury, Mr.. Sherman,
believed it necessary to have reserve fund
of slOO, 900, 900; but S5 ,000, 600 or Sl0,-
600 900 would have been amply sufficient.
Allen believed the best way to meet the
question would be to permit the secretary
Of the treasury to issue bonds and then en-
Join payment Of them.
PETER said the silver bullion purchased
under the act of 1890 was now in the treas
ury. '.All uncovered" might be used by
the secretary for the redemption of notes
issued to pay for the bullion.
Teller (Rep.) of Colorado intimated that
Mr.. Carlisle had the opinion until it was
changed by representative of the New
York bankers) that he had power to coin
the seigniorage. He asserted that there
was silver enough ia the treasury to coin
s55 900 900; that it was not held under any
law for any purpose, but was dead capital,
and if it were coined would replenish the
treasury to that extent.
German said Mr.. Carlisle never had tie
right to coin the seigniorage without further
action BY Congress. Teller said the secre-
Eary had general authority to coin the bull
ion in the treasury. There was provis-
ion in the act Of 1880 that the seiRniofage