The times. [volume] (Richmond, Va.) 1890-1903, 1894-01-19
BOND ISSUE DEPLORED.
SENATORS MORGAN dND DANIEL
SPEAK our ~ THE SENATE.
The Fearless yirginian Don't Rcli.h the
Wilson TariT Eitber-Mr. Vest on
tho Federal Election Liws.

WASHINGTON, d. c., Jan. 1S.-Imme-
diately after the opening Of the days
session the presiding officer CHarris) laid
before the Senate a note from Senator
Walthall, advising it Of the resignation Of
his seat in the Senate. because of iI
health. The resignation takes effect on
the Gath instant.
Mr.. PETER offered a long preamble and
resolution reciting the notice for the
issue and sale OF five per cent bonds
given by the Secretary Of the Treasury,
and declaring that, in the opinion Of the
Senate, the Secretary Of the Treasury has
no lawful authority for issuing and sell
ing bonds. as proposed. The resolution
went over until tomorrow.
Another opun>t ro est
Mr.. Allen offered a resolution on the
same subject. declaring that in the judg-
ment of the Senate the Secretary Of the
Treasury is not clothed, under existing
law, with any legal authority to issue
and sell the bonds or other interest bear
ing obligations of the government, and
that such bonds or obligations would be
null and void. This resolution went over
l., Thursday next, Mr. Allen giving
notice that he would address the Senate
upon it on that day.
The civil-seryice resolution or Mr. Call,
which was under discussion yesterday,
was laid before the Senate, and post
poned till Monday
on motion Of Mr.. German, II was or
dered tnat when the Senate adjourn to-
day the adjournment shall be till Monday
next.
Senate bill appropriating $4,000 for an
equestrian statue Of Major General John
Stark, in the city OF Manchester, n. H.,
was on motion OF Mr.. Galinger
taken from the calendar for considera-
tion. and a discussion was started in
which Mr.. Sherman. while eulogizing
the memory Of General Stark, expressed
his doubts as 10 the propriety Of the
General Government erecting monuments
anywhere except in the District Of CO.
lumbia Such commemorative monu-
ments. he said should be left 10 the
States themselves.
He was reminded by Mr.. Hoar Of the
fact that he (Sherman) had once intro
duced Il bill for a monument at Marietta.
Ohio.
The vote on the passage Of the bill
resulted; yeas. %, nays, l3. one less than
quorum. The roll was then called and
ffty-two senators responded.
Issue OF Bonds ID piorsd.
But before the second vote was begun
another discussion was started involving
the proposed issue OF bonds. 1t was
started by Mr. Morgan. who said that
If he had not been paired he would have
4 81, !. al
great reluctance. The government, he
said was actually too poor at this time
TO honor the memory Of heroic ancestors
1t could not afford to borrow money
at 3 per cent. In order 10 build monu-
ments. And that borrowing was what
the government was now going 20 do. on
a questionable use Of the statutes, for the
purpose Of fortifying the gold reserve i'm
the Treasury, for the benefit of banks
and bankers. and Of dealers IN gold
coin and bullion.
That class Of patriotic citizens Mr..
Morgan added. with bitter irony. must
first Of all. be taken care Of. Those men
seemed to have a claim on the logisa-
tive and executive departments Of the
government which it was impossible 20
resist; and they had TO be yielded to in
every demand which they made He
found himself now in q juncture where
he could not, in Justice TO the people.
vote any money out Of the Treasury for
any other than a work Of absolute neces-
sity until the financial situation Of the
is changed.
Mr. Stewart New said that he felt
very sensibly the force Of Mr.. Morgan's
but he regarded this as a very
case He had voted for a SINH
ar bill on several occasions before. and
ne would be glad to see that apprOpria-
ton made He was aware of the fact
mat the Treasury was adopting war
measure (alluding TO the issue Of bOnds),
although there was no visible enemy I'm
he field. The trouble was that the enemy
was invisible to the people, but 1t was
really a war-a war which the money
power was waging against industry and
production. and the national debt was to
De Increased to carry on that war.
Major Daniel Don't Like The New TarIn'
Mr.. Daniel said he had voted for the
)ill, but that he would now vote against
t. as he did not believe that the financial
situation Of the country would justify
iim at this particular iuncture, in fol-
owing the suggestions of his own heart
md the inclinations of his patriotic de-
'ires. Congress had seen fit 10 curtail the
supply Of money at a time when there
vas money famine. The Secretary Of |
he Treasury now advised Congress that |
here Is a deficit in the Treasury. and |
hat deficit. according to the Secretary's |
'lan. was to be supplied by a recurrence |
o the credit OF the country and by the |
ssue OF bonds
And" Mr. Daniel added in reference |
o the Wilson tariff bill. according 10 |
he scheme Of taxation which has been !
proposed il would seem as II that deficit |
vas TO become (for some years at leasD |
me of the institutions OF the country. 10
'e continuously fed by an extension OF |
hat credit ! would not be warranted IN !
my conscience at such a time I'm adding |
feathers weight 10 the burdens OF an |
fiictcd people"
The discussion was continued by Nessrs. |
Wills. Hoar, Proctor. and Call IN favor Of |
h. bill and by Senators Cockrell and |
Berry against Il, and finally the bin was
%; nays, l..
Vest on IN Fed -rsI Election l. ws
The unfinished business"-the House
i'll TO repeal the Federal election laws
vas then taken up, and MIR. Vest ad-
resscd the Senate I'm support OF the bill
He referred TO Mr.. Palmers statement
asst Tuesday approving the granting OF
he suffrage to negroes and declaring II
S his solemn conviction that that gift
suffrage had been the source or more
alamity 10 the people Of the United
tates than any other enactment on the
tatute book or In the Constitution.
Mr.. Vest went on 10 strengthen ms
ositlon by quoting extensively from les
mony In contested election cases In the
Iouse NJ Representatives. commenting ON
as he read An observation was ven
1red on by Mr.. Hoar, when Mr. Vest