New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-31
CARLISLE'S BONDS WILL GO.


the general line Of duty of the Secretary OF the
Treasury to take the money received from these
no ann ' au ay Of 5T that
say to gentl, on the other side mat tney n,uSs
By tamperng with the money got from the bonds
for one purpose on.y. They must provide other
the current revenue. That is perfectly clear. There
Is no craftsmanship in that But on ne oiher slde
enue without supplying some means of meeting the
II viii vote any measure of relief that il desired
and that is clearly right and consistent with existing
law. with the same apera,y hiu .IesdDm a. :
tion But when you addressing the Democratic
If 20 grave distress and difficulty. in Wholesale
change of revenue laws, and in the disturbance OF
our financial system. changing adj yaorem TO spe-
cac duties affecting every branch of industry then
you bound to provide the measures necessary 70
''f But on on this pending question feel that we
ought not only TO y2te dow so ths ba ION put
rotary of Treasury has the unquestionabe power
to any Of the kinds n oonas 2rI ba Tor oa "a
reserve in the Treasury on which all our credit ana
all our money rests.
VIEWS OF OTHER SENATORS.
Mr. Quay (Rep, Penr., ofer,l an amendment to
the resolution providing that the money received
from bonds shall be applied only to the redemption
Of the legal tender notes OF the United States pre-
sented the Sub-Treasury in the city OF New
York.
for the resolution the one reported in the House
OF Representatives from the Commute" on RANKING
and Currency.
Sir. sherman remarked that he approved OF that
resolution. because Il recognized the full authority
OF the Secretary Of Treasury to sell bonds FOR
redemption purposes, and declared that the money
received from bonds should no. be used for other
purposes.
Mr.. Teller (Rep, cob said that the maintenance
OF the faith and credit OF the Government should
not be interfered with from any partisan feeling.
For himself he anxious to maintain II under
the present Administration he would be under
a Republican Administration. H agreed With Mr..
Sherman that the power still existed In the Score.
tl,. ~. h,, 10
purpose-ihat 10 provide ,or the redemption
OF the greenbacks. sO-caled H. believed that that
was tho opinion OF the great majority OF men in
public life Unfortunately the Secretary OF the
Treasury did not agree with them. but had an.
nounccd his intention TO issue the bonds and 70
appropriate the money for another and a different
purpose. But the question he thought, whether
a point has been reached where there IL necessity
TO issue bonds for any purpose. either OF resumption
or for current expenses. II the point had been
reached whore II was necessary 10 Issue bonds for
current expenses then IL Incumbent on the leg.
isa,ive government to provide for such bonds.
When o'clock arrived Mr. Teller had not fin
ished his speech The Election bill was taken up
and the bond matter went over. AS the Outgrowth
Of q colloGuy between Senator'S GRAY. Hoar ard
Chandler. II agreed that general debate on .he
Federal Election bill should cease al O'Clock D.
Tuesday next. at which time debate should I've had
under the vemlnute rule and proceed until the bill
was disposed OF.