Evening journal., 1895-02-01
NEED LIGHT ON FINANCE
Senate Asks Carlisle to Furnish
Detailed Statement.
HoRMAu MAKES A VIVID SPEECH.

H0RMAN MAKES a VIVID SPEECH, |
rhe Maryland senator Points Dramatically
TO a Threatening Danger and Appeals 70
Both Parties TO Come to the Country's |
Roscue.--Hnrs RESOLUTIONS Passed.
WASHINGTON. Feb. IA critical stage
of the financial discussion was unexpect- /
sdly precipitated in the senate just before |
the senators were preparing to 60 home |
intermittent reference had been made TO |
the subject throughout the day, but ID |
was without definite form and purpose, |
and the senate finally lapsed into discus.
sion Of the District Of Columbia appropri- |
alton bill
But the financial question arose Incl
dentally. and finally Mr. German launch
ed into speech which proved to be one Of
the most effective no has delivered at tho
present session Of congress. He pointed
out the gravity Of the treasury situation,
intimating that the facts were being held
back and that an investigation would
show startling deficiencies. He defended
the senate against charges Of impotency
and declared that he had perfect faith
that this great body would do its full duty
before congress adjourned. He said q
financial remedy would, i necessary 10
added as a rider Co an appropriation bill
Spurrod by the enorgy Mr. German had
| suddenly injected into the question, ine
senate at once proceeded to consider na'.
pass three important resolutions callirg
| on Secretary Carlisle for information coa-
l cerning every detail bearing on revenues
reserves, deficiencies, etc
MIR. Germans Speech.
Mr.. German said the gold reserve was
/ originally created to redeem graenbacks.
| Up to the time of the passage Of tho Nc.
| Kinley bill the government had plenty Of
gold, and the gold reserve was intact. But
the Mckinley law started change, and
one year before Mr. Harrison retired from
the presidency he was unable tomeet tho
demands on the treasury. The bankrupt
| cy Of the government began at that time.
Mr. Harrison and his secretary Of the
treasury then said frankly that they could
not meet obligations. But in the midst
of presidential election nothing was
done After the election Mr.. Harrison
and his secretary OF the treasury besought
senators to give them bonds, and in re-
sponse to that appeal an authorization Of
500. 600. 600 bonds was added to an appro-
priation bill But the house did not agree
to that item, and il failed
1--WE hnve inherited this loan, oontin-
ued Mr.. German. We are carrying this
tremendouS burden.
The senator declared that the crisis was
i far eravor than was known. He hoped the
real deficiencies OF tho treasury would be
disclosed in response to senate resolutions
The senator himself knew 1t from person.
nj investigation. II was time the country
knew 1T He had hoped the officers chnrg
ed with the highest executive duties woult
appreciate the gravity Of the conditions
a. 10 lack Of revenues and would MAKE
! them plain to congress.
by this time MIR German was speaking
I | with great earnestness He said that II
the present grave. emergency he did no
fear that this great body--the senate
/ would be found impotent This body ha'
, never bowed CO demagogue; had stoo'
4 unmoved by clamor; had always beei
I ready TO meet grave emergencies
And It will meet this great emergen
oy, " said Mr.. German 'If ia no othe
I way, il win place ON an appropriated
bill a provision by which every obligation
Y OF this government will be amply met
! and the honor Of the government viii b
maintained Mr. German said he di
not care what tho details Of this provisio
might be; what kind Of money was to
provided But he appealed to Republica
senators to join In meeting the issue
was their duty as well as that of the Dem
!. ooratic senators.
Before that clock marks the hour {
12 on March 4 next, said Mr. Gormai
: this senate will have discharged its dut,
this senate will have risen to tho great d
= mands upon it this body will have ms
! the grave emergency presented TO it. +
+, Tho Resolutions.
le The resolutions were brought forwal
ID and agreed TO within few minutes will
+ out word Of argument
Is The first resolution, proposed by NJ
re- Hill, calls on the secretary OF the trcasui
,e TO inform the senate II legislation is nece
~ sarv or desirable toward the issue OF boni
90 Co meet deficiencies in revenue, and il $
Il | what the substantial features of this le
G isation should be.
of This was agreed to on viva yoce vot
only Mr. Allen voting no. Mr. Allison
resolution. calling on the secretary for
formation as 20 the amount OF the go
reserve used for current expenses ana Z
he amount OF the proceeds from bonds sin
'e- larly used, was also agreed 70, with
amendment by Mr.. German. The latter
amendment is very comprehensive al
ne calls on the secretary for details on eve
"A uossible detail OF revenue reserve, dc
IA cheney, assets etc, that can shed q
~ | light on tho financial situation. 7
M amendment and resolution were adopt
~ without dissent after Mr. Teller Of Go
.an RADIO had suggested that Mr. German oug
- To ask for information as 20 why the De
W. ocratic president and the Democratic lea
IN ers In tho senate could not agree on wi
Nm was the trouble.
4, a warm party debate occurred duri
~, tho day on tho question Of party extri
~ agance. Mr. Chandler, Mr. platt and o
~ or Republican senators asserted that
~ total Of appropriations for this congr
lnu would reach 81 .0oi 600, 600, or Sl,ooo.i
u IN excess Of the sl 600, GOO, o00 approria
~ by the fifty first congress.
The house devoted six hours 60 the
um .aI bate on the Pacific railroad funding Z
~ and although the speeches on both 81
wy were characterized by unusual earnestr
AeN there were no marked or sensational
oidents.
rs.t Those who participated in tho disc
sion were Messrs Powers Of Vermont
Lockwood of New York in favor Of
measure, and Messrs Boatner Of Lot
10 4 ~.