The morning call., 1895-01-12

over the repeal OF the Sherman act that unless
other financial legislation took The place OF the
sherman act dire distress would come 10 tno
country. The distinguished Senator from
Indiana Voorhees) SAID during that DEBATE
that financial legislation would not stop
with the repeal. but that repeal "ouiu
be supplemented by legislation In behalf
of silver. Other distinguished advocates of re-
peal stated the same thing. Well, Mr.. Presi-
dent, we have been waiting hfteen months LOT
TINS proposed legislation, but nothing mas Deeh
oHerea. The longer we wait the worse OF Tue
country gets. 1t doesn't take much OF hnancier
nor an adept In figures TO reach the conclusion
that you cannot redeem 81, 143, l5o,o3o Win
S1oO.OOO,000. Of course, do not admit, III
fact insist that the Government Is under
no obligation to redeem this volume OF paper
money with gold, but the administration
has insisted and still insists that no
matter what sort OF note or what Is
written on 1t, IL must be paid In gold II It's
owner demands gold. There nave Deen
two bond issues Of $50,000,OOO each. Gold
has been withdrawn from the banks ID Duy
these bonds. AS soon as The golo feachpd
the treasury IL commenced 10 uwlnuie
away, being exchanged for these various
paper notes which were presented Tor
payment. The process can ana VIII go
on just as long as the Government Is
gold. The only result is TO burden the people
with an increasing Understanding debt. Any
scheme which proposes TO enlarge the currency
witnouf broadening the basis oil money OF ulti'
mate redemption will certainly add 10 our
complications. That has been the chlei
fault with all bills for the reformation OF
our currency system which nave Deeh
formulated up to this time during the session
OF Congress. I sincerely believe four.ffths OF
m hQr Os thfe du
lieve there will be no permanent pros
perity in this country until the basis
OF our currency Is broadened. 1 be-
lfeve they will be glad 10 witness the
return 10 the free. and unlimited coming OF
silver as well as gold great many senators
on this fioor-I think majority-are fully con-
vinced that there can be no substantial reiiei
without unlimited coinage OF silver ana IL Is
my impression that no financial bill VIII pass
the Senate. at any rate. which does not July
recognize silver.
The folly of makeshft legislation. exacted
only to be repealed, has fully demonstr ted
this. II were better to continue as we are
with the GOLD standard and all OF It's necessary
and attendant evils than to resort 10 any more
experiments In that line. We are threatened
that II the present currency laws remain un-
changed the country will so01 be upon silver
basis, Perhaps this Is true. am somewhat In
clined to believe il is. This prospect, however,
has no terror for the silver advocates. They
are contendlng for both gold and silver, and 10
choose between the two would greatly prefer
silver. This, at any rate, Is the position which
1 would wish to take, and in 80 doing l would
be serving the best interests Of the entire
country, in my judgment"
Quay moved TO POSTPONE the further con-
sideration OF the bill and amendments
until February 1. 1t was the duty OF Con-
gress TO exert all power TO prevent the col
lection Of the income tax. II believe" he
said, sit is the highest privilege or the
minority of this chamber to prevent the carry
ing ont of this, the highest crime OF the crimi.
nal tariff act placed on The statute-books by The
last session Of this discredited Congress-"
AT the conclusion of Qnay's remarks his mo-
tlon was defeated-1 TO 42-Quay requesting
the aye and no vote and Hill not voting.
Sherman said he had listened with pleasure
to HiiPs speech and agreed with him In the
main, that the income AK was lnquisitorlal and
unjust, aud that IL, perhaps, ought to be re-
called. He did not agree with Hill. however,
in supposing that the amendment offered by
him was requisite in order TO give citizen the
right TO sue in the courts IL he considered the
tax unjust or unconstitutional. He thought
every citizen had the unquestionable right to
raise the question by suit at law in the courts.
TO originate the question Of collection OF Ia xes.
The House OF Representatives was supreme on
that subject. The Senate had no moral right 10
refuse the appropriation. II the law was bad,
1t was the law and Congress was bound TO fur
nish the money necessary 10 carry the law into
effect The best way TO reform the law was to
enforce 1t. II the Senate failed to appropriate
the money necessary 10 carry the law into ef-
feet. 1t failed to do It's duty 1t was violation
Of the constitution TO attempt 10 change the
recent tariff. There was no justification in
Withholding the appropriation; such course
was destructive of forms OF legislation.
Hill, In reply to Sherman, stated that he could
not agree with him In the contention denying
the right of the Senate to act originally on the
question.
Mitchell OF Oregon said there ought not TO be
any difference OF opinion among Senators in
regard to two proposition: First, that the APP
preparation proposed in the pending bill ought
TO be made, and, second, that the amendment
offered by the Senator from New York ought to
be adopted. The discussion was further par
ticipated In by Allison and White. AT this
point Morgan of Alabama raised point Of
order against the amendment, holding that il
was general legislation on general appropri.
alton bill, and the chair so ruled.
Hill appealed from the decision OF the chair,
and on this appeal he addressed the Senate,
holding that the amendment was proper and
that he wanted 10 take the judgment of the full
Senate Oh the matter tomorrow.
Before Hill spoke on the appeal Mcpherson
of New jersey introduced a bill on the cur.
rency question, which Adrlch OF Rhode Island
asked 10 have read In full. Objections were
made and Mcpherson withdrew the bill. Later
leave was given TO print the bill in the Record,
and also the bill presented by Vest On the same
question. The Senate at 40 O'Clock went into
executive session, and at $50 P. NJ. adjourned.