New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-03
STILL TALKING OF AUTHORITY.
TIE SENATE CONTINUES THE DEBATE ON THE
BOND ISSUE.

THE SENATE CONTINUES THE DEBATE ON THE
BOND ISSUE
Washington. Feb I'm the senate to-day the res
olution of inquiry offered yesterday by Mr.. Pener
Pop KanJ, requiring the names OF hrms making
offers for bonds and OF those TO which bonds are
issued etc was discussed. and Mr. sherman Wep..
Ohio) moved to strike out the words requiring
names TO be given saying that the publication
would be contrary 10 precedent and might be very
Injurious TO the public credit.
Mr. Alien argued In support OF the resolution
Mr. platt Htep Comm said that he could not
understand why there should be such burning and
consuming desire to know the names OF men who
have been Offering to lend the money to the Gov
eminent at per cent.
Mr. Stewart Rep.. NebD suggested that II any
question came up hereafter AS to the validity OF the
bonds 1t might be well to have the names OF the
original purchasers
Mr. Cockrell Dem. MOI. assured the Senator
from Nevada that no such question affecting the
validity Of the bonds would be raised In the
Senate House.
After further dis -ussion Mr.. Sherman withdrew
his amendment while repeating his conviction that
the resolution establishing very bad eShhpie'
and the resolution was agreed to-
The resolution OF inquiry offered yesterday by MT
Allen G,op. NebJ on tine same subject was also
agreed TO. -, A., o,o.,a..
Uep NevJ denying the authority OF the Secre-
tary the Treasury TO Issue bonds va ar e pe
an amendment to add to the amendment or MT
Quay (Which declares that the money derived from
the bonds cannot be lawfully apIhed 10 aHy o'neI
purpose than the redemption Of greenbacksl the
words except In accordance win such hc's Oh ny.
Precipitation by Congress as may require ''e use u
the same. . -, ,,,.,,t,r no, No,
only required the Secretary OF the Treasury 10 De
ready in the first instance. to redeem sIee'npaena,
but to be. thereafter. always I hawe a constant
never-failing redeemabiiity ana '''''' '"''
'J In the further discussion OF the question Mr..
Villas said that when Congress should ny any
act require the Secretary OF the treasury W pay
out money In the Treasury not otherwisse hPPlvo,,
use tb. money from the sale OF bonds for that
purpose If there were none other A., 49,, ,.,
Mr. Teller interiected a remark TO me eiieca .nas
this was IL question whether me Roia reserve WAS
not money 'otherwise appropriate. 80 s,ao,e,
Mr. Villas rejoned that there was no spt iii,
amount OF the reserve fund; there never was unit
fixed TO II. Whatever ne was uiec'c" ny ''''h'"'
TO do the Secretary must 90 ~ ,r,c I'm u,,s
While Mr. Villas was speaking the TarlH Dili was
brought from the liouse anI d. ~ H. V"or
was laid before the Senate On motion OF MI .oor-
49, +, was referred TO the Committee on Finance
Continuing his argument after e me! a.;
Villas declared that the ,he relief he asked II he
~ M, after making all possible effort To secure
a solution of the situation takei means 10 lor'"y
the Treasury against me pe' mo- na,opT Sct that
,hr ,,nmld he no need Of money for the redemption
fund for months to come; IL was equally notor'Vhhs
that the n i;S nne hand Mn and pay it out with the
other f'he proposition OF inc Seeretary 10 unuer
take exercise the ,oI Se purpose To When he i
az re 80 annIv n was nothing but a usurpation
tehae' th ~ close OF Mr. Hoar's brief remarks an
agreement made that tne como resolution snou,n ia
70 over until wednesday, "'~" ""'h u vi" eo"e ny
in tne mnn,snmous consent the Federal Election
Repeal bill was given the right OF way for Monday