The times. [volume] (Richmond, Va.) 1890-1903, 1895-02-20
Mr.. Villas TO The RESCUE,
lie Defends the President and The Secre-
tary Of The Treasury.
Mr.. JONES and The SILVER BILL.
Couldn't Get a Time Fixed for the Final
Vote-Mr. Plstt Attacks the Paper Cur
rency-Proceedings in tho House.

| tOr Was Hdde a long, able ana elOqucn
speech in the Senate to-day in defenc
of the President and the Secretary Of tn
| Treasury. in the matter OF the sale o
$62,COO,G0 OF four per cent. bonds for gold
The speech was made on .he bill befor
the Senate for the free coinage Of silver
| but had no reference whatever TO tha
| bill. Mr.. Villas showed that the Presi
! dent had endeavored to get Congress e
act upon the financial deficiency, in which
the Treasury had found itself by the
| drainage of gold. and as Congress ha(
de lined to act he had availed himself OF
! the power which the existing laws gave
him TO buy gold by the issue of bonds
The price obtained for The bonds, Mr..
Villas contended, was the highest that
could be obtained under the crcum-
stances, Cr in other words "a per cent.
was the lowest rate Of interest at which
the bonds would be taken by the great
banking houses, which had been applied
to. Three and four-eighths per cent had
been offered ia all the great money CEN
tres and had been refused and all be-
cause the bonds did not provide for re-
payment in gold coin. After Mr.. Villas
speech, Mr.. Plat made speech against
the free silver bill itself.
An effort was made by Mr.. Jones TO
have a time fixed for taking the final vote
on the bill, but as its antagonists re-
fused to fix any time the debate went
on, and Mr.. Plat continued his argument
against the bill.
Another proposition to have the vote
taken tomorrow was made by Mr.. Jones.
and objected TO by Mr.. Aldrich, who said
that WneR the bli was first introduced by
Mr.. Jones, it contained nine sections, in
cluding one for the issue of $500 10000 I'm
bonds and one for the retirement of
greenbacks and he thought that the Sen
ate was entitled to an explanation as TO
why those eight sections had been aban-
doned.
''IHE VICE IN THE PAPER CURRENCY
AS all attempts 10 have an hour fixed
for taking the vote met with objection,
Mr.. Platt went on with his speech. He
gave it as his belief, in which he knew
many of his Republican associates would
not agree with him. that the vice of the
whole financial situation I'm this country
lay in the paper currency issued by the
Government.
There was an unusually large attend
ance of senators this morning, probably
in view Of the expected contest over the
free silver coinage bill. and the galleries
were also well filed with interested spec
tators. The routine mOrnirg business,
however. consumed the first half hour,
with matters Of little public concern.
a conference report on the diplomatic
and consular appropriation Was present
ed and agreed to. All the differences be-
tween the two houses on That bill nave
been arranged, except rs 10 the appro-
priation Of 100000 to begin the cOnstruc-
tion of the cable to Hawaii, on which the
were unable 10 agree. \ turth-
er conference was ordered on mat item.
Mir. Call presented the memorial TO
Congress of "The Worlds Arbitration
League" signed by Bishop Newman as
president, with the signatures OF 10
members of the British Parliament, ana
asked that it be printed In the Record.
II was so ordered.
Mr.. Bate introduced bill to aid the
Tennessee Centennial Exposition, at |
Nashville, Tenn, n 1896. Referred
The Senate passed a bill to aid in the |
erection Of monument TO the Mary |
Iand heroes of the Revolutionary war. |
It approprlates $4,000, to be expended by /
.hc MARYLAND S'CCty of the American |
Revolution. tC aid in erecting IN B"ltl-
more suitable monument 10 me Hieilo-
-v of patriots who aided IN estaplisIihb
he Independence of the United states.
The credentials of Mr.. wilson lhe ne"
senator from the state OF Washington
we're presented and he was sworn ln'
bus completing the full Senate member
hin TO cighty-e ight. The hour oil meeting
o-morrow was hxed at II a. NJ.
Mr.. Jones, of Arkansas, then moved TO
axe up the regular order for the free
oinage bill, and II was agreed TO by
ote of Sc to p. as follows:
Yeas-NIessrs. Allen, Bate, Berry, Black
urn blanchard Butler, Call, Cameron,
lark. Dubois. Faulkner. George, hans
rough Harris, Hunton, Jones CArhJ'
.vle. McLaurin, Martin, Mitchell tOre.l
Iorgan. Pasco; PETER, Perkins, Pettl-
rev. Power, Pugh, Roach, Stewart
eller, Vest Voorhees,, Watson Nhlte'
wilson (Wash.), and Wolcott-56.
Nays-Messrs. Aldrich, Burrows, Caf-
Try, Camden, Cary, Chandler, DIX
n. FRYE, Gray, Hale, Hawley Higgins,
iii. Hoar, Lindsay, Lodge Mcmillan,
Jefferson, Henderson, Mitchell CWis),
IorrI. Palmer, Platt, Proctor, Ransom,
Has and Washburn-H.
THE TUG or WAR ON.
Then the tug of war was on. The bill
|
lish Mr.. Jones said the friends of his
III were willing to put the matter to Il
est now. without debate. II ,he oppo
ents of the bill saw lit TO resist and 10
scuss il, of course, its friends could
Dt help it, but they had to make an
trnest effort 10 get a vote.
Mr.. Jones added that he did not pro-
ose to jeopardize any appropriation bill.
here was plenty OF time TO pass them
l. II was apparent however, that no
,te could be taken at once. nor at any !
me that could be definitely stated, so
r. Jones said that he had only 10 re-
lest that the bill would proceed as
pidly as possible and that the vote
light be had at the earliest possible
'ur. He would, therefore. ask the
nate to remain i'm session to-day until
vote was got, if that could be accom-
ished.
The general debate was opened by Mr.
Has. the tenor of his remarks being O
ven above. While Mr.. Villas was speak ..
z, MIR. AiGrch sought t. read 2 dispatch
st received, but Mr.. villas declined to |
eld for that purpose. The dispatch ne : :
tended TO read was as follows:
LONDON, Feb. 10 The prospectus Tor ;.
e new bonds was issued at L. M. !,
re. II Is for $62,0O0,tO, one-half 10 be !,
aced In America, and the other half IN :,
'pdon The issue price here London) i6 y
IL, or M pounds per SlG0. Ten per +,
nj. for them is payable on application. :,
'yments are to be completed in four In | a
ailments. ending July 3D. The lists VIII n
en- Wednesday, and close Thursday, or n
oner. =
Signed) DOW. JONES g. co. h
dr. Villas concluded his argument with ii
G decIaration that '.the peonle of the | y