St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-01

unuer Lnat original act WOulu De IelS-
sued from time to time when redeemed.
The only effect OF the act of 1878 was to
make the act OF 1875 more clear and to
! establish the limit"
"The understanding of senators of
this law does not give it any force
among the people or with the co-ordi-
| mated departments of the government, !"
retOrted Senator Allen.
The reserve of S100,000,0 900 is lying
there now," said Senator Allison, "for
the purpose of redeeming these green
backs and for no other purpose"
"The reserve fund.-" said Senator
Allen, "was mere caprice of the Sec
retary of the treasury. 1t was created
long before this act to which its creation
has been accredited was passed. 1t
rested
UPON NO AUTHORITY
derived from congress; upon no power
given by the legislative branch of the
government. The secretary of the treas
ury has ample power to destroy this re-
serve and use it for the ordinary pur-
poses of the gov ernment."
AT the conclusion of Senator Aliens
remarks, Senator Hoar (Mass.) said: Il
feel bound by sense of public duty to
declare that in MY opinion the bonds
issued and sold by the treasury depart
ment under existing circumstances will
be illegal, and will carry unconstitu-
tional or unlawful obligation Oh the
government for their payment"
Senator German then proceeded to
argue at considerable length to show
that the Republicans were responsible
for the existing condition of the treas
ury. de, however, took occasion, in
reference to the claim of Senator Teller
that the repeal of the Sherman bill was
responsible, to say: Il believe with
the senator from Colorado that there is
much in the statement that the legisla-
tion upon silver is in part responsible
for the situation"
Senator Aldrich interrupted to say
that this threatened deficit to which
Secretary Foster had referred was
caused by the fact that the Democratic
party was again in control, but Senator
voorhees, retorted that the treasury was
empty before the election Senator
Sherman said that the senator from
Maryland has complained that he was
WANTING IN PATRIOTISM
because he had ascribed the present
condition of the treasury to the Demo-
cratic party.
II do believe" said Senator Sher-
man, that the principal cause-not the
only cause by any means, but the prin-
nf al
dition, is because the Democratic party
came into power. 1t is a good party; its
history | can be proud of as we'll as any
one on the other side; but it came into
power with a declaration that the whole
policy of the government for more than
thirty years should -be7 abandoned and q
policy towards free trade followed"
Continuing, Senator Sherman MAIN
tanned that the revenue under the Nc
Kinley law had been more than suffi-
cient to maintain the government, for
during the Harrison administration the
public debt had been reduced to the ex-
tent of s259.000,0 600. Butsince the Dem
ocratlc party came into power, under
the distrust which its success had en-
gendered, the loss of revenues in the
current fiscal year from July to Jan.
had been between $40, 1000, 900 and $780,
100000.
Senator Sherman, in the main. reiter-
ated the position maintained by him
yesterday, and was followed by Sena-
tor Voorhees,, who caused to be read the
statement of Secretary Carlisle as to
his Interpretation of the law on the
bond question. He said there was no
question of the secretary's power to
issue bonds, and any question as to the
expenditure OF the money was a sub
ject
FOR LATER CONSIDERATION.
''1s there any proposition now to issue
bonds for redeeming greenbacks?" in
quired Senator Daniel, of Virginia.
Senator Voorhees-Tbe proposition to
issue bonds contains nothing but the
authority in the law, neither affirming
nor denying what use is to be made of
the money. and | take it that we cannot
inquire into that until after the money
has been secured by the issue of the
bonds. Whenever the secretary of the
treasury is going to use this money,
after he gets 1t, contrary to the view of
the senator from Virginia, it will be
time for him to go into court and re-
strain him.. In the first. place hold
with the secretary of the treasury, and
contrary to the senator from Ohio (Sher-
NAM that the secretary can use this
money in any way that seems to him
properly conducive to the general pur-
pose contemplated by the act of 1875
to redeem the greenbacks aAd carry on
the government.
believe that John Carlisle is right in
believing that he can take care of this
government by these funds or any other
that come into his hands. John q. Car.
Isle is fit to sit where John Marshall
sat. He is lawyer among lawyers. at
whose feet senators here who are criti-
cising him can sit and take instruction
and learning and wisdom by the day
and by the hour. At the proper time
and in the proper way we will take care
of the credit of the government.
Referring to the tariff question, Sena-
tor Voorhees, said: L will say now that
L am for tariff bill TO give revenue, and
believe that when proclamation is
made that we are for tariff for revenue
only, it means only the revenue to carry
OH the business.
Senator Hawley then proceeded to
maintain that the success of the Demo-
cratic party was responsible for the fall
ing off of revenues and the depletion of
the treasury. At the conclusion of Sem
ator Hawley's speech the bond resolu-
ton went over, and at $40 the senate,
on motion of Senator German, went
into executive session. and at 5:25 ad-
journed.
South Dakota Courts.
Special to the Globe.