St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-10
SAINT PAUL MINI, SATURDAY

deposited in the treasury, each certifi-
cate would be on its face lien. 1t was,
i'll effect, watering" the treasury notes
to the extent of $55,000,000. when the
face value of these notes already
EXCEED TIE MARKET
value of the bullion security behind
them by over S56.000, 900. In conclusion,
in speaking of the silver question, he
declared himself in favor of the larger
use of silver if an International agree-
ment could be reached. He referred 10
the disturbance i'll England and Prussia
over silver.
"Europe," SAID he. "is walking the
floor. Let US pursue the Fabian policy
of non-action, and we can make terms
for the use of silver"
Mr.. McKeighan (Pop.. Neb.) made a
free silver argument. A gold basis and
a high tariff, he said, was disseminating
against the West in the interest of the
East. eff had the power" said he, Il
would strike down the tariff that pro-
tects the East, and force it into compe-
tition with the West, as the East forces
US into competition.
He went on to indorSe theWilsOn and
seigniorage bills as step in the right
direction. AT the conclusion of Mi.
McKelghan'S speech, which consumed
all hour and a half, Mr.. Harter Dem.,
o. took the floor in opposition to the
bill.
There were three means of relieving
the treasury, any of which would
suffice. The first was to reduce salaries
% per cent, including members OF con-
greSS.
The second method proposed by Mr..
Harter was duty on sugar, which would
provide S35, 900, 600, further increase of
q IN lJSty f0xr tfN Ion n inh
would furnish $20,000,000, an increase of
the
TAX ON BEER
to 81, and duty on tea and coffee. A
tax of one-tenth of cent per cup on
tea and coffee, he said, would yield a
revenue of S29,0O0,0OO.
The papers today" said Mr.. Sibley,
OF PENNSYLVANIA, announced that silver
had touched the lowest point in the his
tory. and the same papers showed that
wheat was never so low.
And today we see the result of the
prophecy" added Mr.. Bland, supple
mentary to Sibley's remark.
The country was saved from dlsas-
trous consequences at least" replied
Mr.. Harter. 1T would have been
worse if we had taken your advice"
You don't know that" retorted Mr.
Bland. land we do know the result of
your prophecy"
Mr.. Harter created some amusement
by his reference to the manner in
which the Democratic party was de-
lineated in the com ic papers as jack
ass. He thought 1t was perfectly fair.
perhaps. for Republican papers 10 por-
tray Democracy as a jackass, but he
did not see why proposition like the
Bland bill was brought into the house,
Democrats should flap their ears and
show that they were iackasses.
Mr.. Kilgore, of Texas, who made the
concluding argument of the afternoon,
contended that If the government was
In need of money. it was better to coin
the silver Selgniorage than borrow
money and pay interest upon the loan.
Without concluding his speech, Mr..
Kilgore yielded to a motion that the
committee rise.
Mr.. Geissenhainer, from the commit
tee on naval affairs. presented the re-
port of that committee op the Holman
resolution to investigate the premiums S
paid to contractors for war vessels. sss
Then at 5 O'Clock the house ad-
journed.