Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1895-12-31
FINANCIAL RELIEF,
. SMALL MAJORITY.
Bond Bill Passed by the House After
Sharp Debate.
First Section of Bill Has But Thirty
Three Votes to Spare-Re-
marks on the Bill.

First Section of Bill Has But Thirty
i Three Votes to Spare-Re-
marks on the Bill.
T, Washington, Dec. 2S.-The vote On
the first section of the bond bill, pre-
scented to the house by the ways and
means committee, resulted in 100 yeas,
against 1876 nays. The second section
was agreed to without division, and
the bill declared to be passed.
The Debate.
Washington, Dec. 2s.-After the read
Ing 81 the journal Saturday the discus
sion of the bond bill was resumed in
the house, the discussion to close at
three o'clock. The first speaker was
Mr.. Brosius (rep., PAP. The gold re-
serve, he said, must be maintained and
the revenues to meet the expenses of
the government must be procured.
These propositions, he said, were
fundamental and indisputable.
The deficiency of revenues in
the opinion of the republicans
was the chief sinner in the comedy of
errors that had brought the nation to
the condition which confronted it.
When the deficiency ceased The treas
nry would no longer suffer.
Mr.. Brosius said that the present was
the third notable revenue deficiency
which had occurred in time of peace.
They had all been caused by the same
thing, going too far in taking off Gus
tom duties. In bis opinion it was not
proper that the treasury should be
farmed out to a foreign country. There
should be no politics in dealing with
Ahe situation; patriotism and duty were
the two words which alone could fifty
describe the inspiration of the hour.
Dir. Parker (rep., N.J) supported the
bill because he thought we should pro-
vide revenue to meet the expenditures
of the government and should lower
The rate of interest on bonds and open
che books for their subscription to the
people OF the United States.
Similar support to the bill was given
by Mr.. Stewart (rep., N. J.).
Mr.. McLaurin (dem., S. CO. said he
should oppose the bill because it would
not only increase the burdens of the
treasury but legalize series of inn
proper and unfounded assumptions by
the secretary of the treasury, and for
the further reason that he believed
rather in restricting than extending
the discretionary forms of the treas
Try department.. All sufficient relief
could be afforded, he said, if the secre-
tary would obey the law and establish
mn American system of finance, treat
ing all the obligations of the govern
ment alike and in accordance with
their plain terms.
Arraigns the Democratic Party.
mr.. cannon treP., Iil.) SAID that the
resumption act of 1875 was n republic
ain measure passed in time of peace au-
thorizing the issue of bonds. Under
that law Secretary Sherman sold $685.
O00,O00 of bonds and secured the gold
with which to resume specie payments
In 1870. From that time until 1898,
when Cleveland came in the second
time, there was no necessity for our
issue of bonds. There was never an
hour in that period when the revenues
were not sufficient to meet the expendi-
lures. In that time the interest-bear-
}ng debt was decreased $12,000,000 and
the annual interest charge reduced
from $S3,500OO0 to $23,0O0,0OO. Ever
since the democratic administration
had come into power there had been
deficiency, distress, idleness, poverty
md panic. Cleveland came to con-
gress and asked relief. The republic
IN house, the only republican branch
of government in existence to-day
patriotically forgot it's personal inter.
ests and desires, responds to the appeal
in the measures reported from the
committee on ways md means.
Democrats Oppose the Bill.
Mr.. Bartlett tdem., N. W opposed
the bill, he said, because in his opinion
it would tend to spread still further
distrust instead of confidence in tn,
fiscal system of the country.
Mr.. Bailey (dem., TeN.) declared tina
the coinage of the bullion in the treas
ury was The wisest and best solution
Of tl,prt for lA->
lare fond Of betS J announced tina
run the farthest. ill, but argue,
believe that We ebate showe'
~ please the prepared bill
y Fourtk> <SAdnd paper dollar
s or = 1cder, the other sid
- eC,se It. The greenbncl
.. Sled, he said, by the bloc
e,dntry; and he created consid
laughter oy his assertion tina
,aR like, fhe man who went f,or
erusalem to Jericho-it had falle
among thieves. He wanted the greer
back to maintain its integrity anon