Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-02
DISCUSSING THE BONDS
The Senate Occupied With Two Resolu-
tions on the Subject
Mr.. rcffer's in Regard to the Names
Bidders Finally AdOpted-Stewart
and Villas Talk.

| A joint resolution authorizing the Secre-
tary of the Treasury to provide suitable
boxes or cases for the bronze medals award
ed exhibitors at the worlds Columbian ex-
hibition was reported by Senator Villas and
passed by the Senate.
Senator Quay pa presented an amend
ment embodying several new sections to
the tariff bill These sections provide for
the free coinage of silver and for the pur-
chase Of $4,000 ounces monthly, and the
issue of treasury notes in payment there
for, and the repeal of all existing laws pro-
viding for the issue of bonds.
The resolution of Senator PETER, calling
upon the Secretary of the Treasury to in
form the Senate how many bids for bonds
have been received from persons and cor
porations and the names Of the bidders,
then came up for consideration
Not Custom to Give Names.
1T has never been the CUSTOM" said Sen.
ator Sherman" to give the names of the in.
dividuals who make the offers. To do SC
might be injurious to the public credit"
Il want the Names" persisted Senator
PETER. If it is not proper to give them lie,
the Senate say so."
What reason exists here why the names
OF the bidders shall not be given?' inquired
Senator Allen (Neb)
In the first place. replied Senator Sher-
man, because the request has never been
made. The second reason is that IL is not
good policy to disclose the private affairs
ana business operations of private citizens
nave no objections to the names of cor
porations who have made offers being called
for, although doubt the expedency even OF
that"
Senator Harris (Tenn.) could see no rea-
son why the names of persons could be of
any interest to the Senate
The suggestion was made by Senator
Stewart (Nev) that the names Of original
purchasers might be very important il the
validity of these bonds should later be uues-
uoneu when they are presented for pay
ment.
Senator Washburn failed to see any util-
lily IN or objection to the Information re-
quested by the resolution.
MIR. PETERS, Belief.
In answer to his opponents Senator PETER
said he firmly believed that the financial
affairs of government are not managed by
the government officers, but by spectators
in New York city.
Senator Cockren declared to Senator
Stewart that the time would never come
when the question of refusing to pay these
bonds would be raised
After further discussion, Senator Sherman
withdrew his motion to strike out. and the
resolution was adopted without amend
ments.
senator Stewards Bond Resolution,
The resolution of Senator Stewart. deny-
ing the authority Of the Secretary of the
Treasury to issue United States bonds at
this time. came up in regular order, with
the various amendments providing that ..the
money derived from the sale of such bonds
cannot be lawfully applied for any other
purpose than the purpose Of redemption. -
10 this amendment Senator Villas presented
the fohowing amendment: Except in ac-
cofdance with such acts of appropriation by
congress as may require the use of the
same TO discharge such appropria TONS"
in speaking on the Stewart resolution
senator Villas complained that IT'S introduce
ton had been delayed until the last hour.
when 1t came as a blow at the public credit
he argued that the resumption set not
only required the Secretary of the Treas
ury to be ready, in the first in stance. to
redeem greenbacks. but to be thereafter
always ready to redeem them The re-
deemability and the convertibility of the
sreenbacks was to be ever continuing and
never ceasiRg
Senator Was continued his speech on she
bond issue. the election bill, at 2 O'Clock.
being laid aside for that purpose.