The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-01-18
MORE FINANCIAL sCHEmEs.
sugh and Sherman Iutroduosd Bills In
Tho Sonata.


Pugh and sherman Introduosd Bills In
the Senate.
WASHINGTON, jan. 17.-Pugh (Dem.)
OF Alabama secured recognition coon
after the SENATE mat today to present
what he regarded as the solution of the
present lack OF government revenue.
The senator varied the usual custom in
introducing the bill by reading the full
text OF his measure with great delibora-
ton, then commenting on it. The bill
provides for an immediate issue OF $780,
600, 600 treasury notes TO meet the de-
ticiencieE, these notes to be redeemable
in coin and to bs constantly reisaued. Il
further directed the coinage OF the eeig~
niorage and the deposit Of oliver bullion
from American minte.
Hill of New York eaked il the senator
wished the immediate passage OF thle
bill. THAT queation," said Pugh,
"is in line with the Now York senator's
treatment OF all great public questions
and decline 60 answer it"
A GRAVE SITUATION.
Pugh proceeded to urge the gravity
Of the preHent situation. 1t was such
that he was ready to surrender long con
victions in order to secure remedy.
Thus lar" said Pugh, ''senstor
have stood here and torn down. Ii is
easy to tear down but it is hard to. build
up. We have torn down until we'hsve
nearly torn down the country"
Pugh begged that the finance com.
mittee, in which he had great conf
dence, should do something at once. He
did not believe senators Muscovite
brakes, bowling and sleeping stupidity.
Allen, Populist, of Nebrauka, inter-
rupted to ask the attitude of the admin
ietration on this bill.
cleveland has sent message to con-
gress calling attention TO the present
conditions" responded Pugh, with great
earnestness. The president and his
secretary CT the treasury have offered a
scheme for currency revision designed
TO meet the present evils. II this was
not accepted let both houses propose
something else. The president has dis
charged his duties, now let US do the
same"
The bill wss referred TO the finance
committee.
sHERMAN's PLAN.
Sherman submitted another impor.
tGnt financial measure. It provided for
the issue and aGle Of bcnGa under the
provisions OF the resumption set, from
time to time as deficiencies ia tho treas
ury require, tbs prooeedl to DO used
wholly for deficiencies and tho bonds
to run for Ave years at not i0ae than 8
per cent interest.
Second section provides, in lieu of the
foregoing, that tho gscretary of the tress-
cry may issue coin certificates in denom-
inationg of So to 500 bearing per cont,
and put the certificates in circulation
through treatnTiss end poat ofiioes.
The third section deals with deposit
bonds in national banks.
Sherman's bill wRa referrsd, without
comment, TO the finance committee.
THE PENSION BILL.
In preEanting q report On pension
bill, Gallinger took occasion to criticize
severely the past uttaranoes Of Mr..
Cleveland as to the fTGuda existing in
the psn0ion aystem. The senator said
pension examiners were roaming around
the country soeking frauds which did
not exist. This plan OF prying and do
tective work should DO stopped at once.
The pension appropriation bill was
taken up and Palmer. Democrat OF Hill
Aul5, hAEN6I0U th0 CilbACAnhlS blhbJ Wy
Gsllinger against tho pension Office.
Hawley, Republican Of Connecticut,
also stated his objections to the present
administration of the Office.
Hawley offered 81 amendment max
ing S. the lowest rate for disability in
stead of the present ratings of 81 and "a.
Lodge geversly arraigned the pension
office for delays.
Brice asked what increase in pension
expenditures would result from adopt
ing the HaWley amendment.
Gsllinger replied that ST., 600, 900 would
certainly cover thss amount.
PETER offered an amendment fixing as
tho minimum pension rate So, but it
wac ruled cut OF order.
Voorhees, spoke vigorously for liber-
ality to pensioners.
Allen then moved to make $l2 the
lowest pension rate, but ii was ruled
out of order.
The Hawloy amendment. making Sc
the minimum, was then adopted with
out division.
Gallinger offered an amendment re-
pealing the law cutting off the penBions
Of non-residents of the United States.
Davis, Republican, Of Minnesota said
the present law worked much injustice
on the northwest borders whore PEN
sioners lost their allowance by going to
Canada. The amendment was adopted.
The bill 80 thus amended was passed.
1t csrries Sal, 600, 900.