The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-24

lone Provides for More Bonds Pending
be Created, the Other Provides for More
Bonds, and for Silver, Naybe--Mr. Tur-
pie Says Real Mean Things Abont the
Nicaragua Canal.
Washington, Jan. 23.-The treasury
emergency was the main theme before
the senate today and for the time being
the Hawaiian question was laid aside,
Mr. Jones Dem Ark and Mr.. Smith
Dem. y. J.,) each representing most
influential element in the majority of
the senate presented plans for solving
the currency complication. The pro-
positions differed widely. The two SEN
ators urged their respective measures
in speeches which received close atten-
ton from a well filed senate and
crowded galleries.
During the day Mr. Burrows (Rep.
Mich,) made his first appearance in the
senate since the Michigan legislature
promoted him to the upper branch of
congress.
Senator Smiths currency bill pro-
vides that the president shall appoint
four commissioners from civil life, no
more than two Of WHOM shall be MEM
hers OF the same political party. The
president of the senate shall appoint
four senator's, no more than two OF
whom shall be members OF the same po-
itical party, the speaker of the house is
10 designate four members under the
same conditions. The senators and
members chosen are to be members Of
the fifty-fourth congress. These are
10 be known as the monetary COM
mittee" 1t is made the duty of the
commission to take into condition and
to investigate thoroughly all the vari-
Gus questions relating TO the currency
so far as may be necessary to the estab-
hshment of a judicious system of cur
rency on q prominent basis.
TO GO INTERVIEWING.
The commission is empowered to visit
different portions of the country and
make to congress q final report of the
results of its Investigations together
with such recommendations as II may
deem necessary to the best interests of
the country not later than the second
Monday in December, 1895. The bill
also authorizes the issu of $500,000,Go0
of per cent bonds, redeemable in gold
coin at the expiration of ten years.
MIR. Stewart Pop. Nev.,) followed Mr..
Smith with an argument against any
commissions or other means or avoid
ing direct action on the currency. MIR.
Stewart had read an article in the Gin
cinnati Enquirer addressed directly TO
the secretary of the treasury and ar
raigning him for preferring gold to
silver.
Mr.. Jones Oem. Ark added to the
interest in the question by presenting
bill which has been discussed in the
finance committee. Its reading was
followed with close attention owing
to the prominence of the senator in
shaping most of the finance commit
tees work. Mr.. Jones addressed the
senate briefly concerning the currency
bill he had submitted.
AS A CHOICE OF EVILS.
Mr. Jones spoke of the constant dan
ger in the present plan OF issuing bonds
which permitted the banks to force an
issue, then to take gold from the treas
ury in order to pay for the bonds and
thus keep up this constant assault on
the gold reserve and the constant ne
cessity for bonds
Il am not a believer in bonds" de-
clared Mr.. Jones, but I am willing
TO submit to bonds as matter OF ne
cessity as long as there is coupled with
it a sensible, manly, honest recognition
of silver If the feeling throughout
the country in favor of silver is proper
ly recognized then Twill agree to the
issue of bonds and / viii agree to II
under no other conditions
Mr.. Jones said il was his conviction
that the silver men would make grave
mistake if they insisted on the extreme
limits of their hopes.
The failure of the silver element to
secure concerted action was made evil
dent as soon as Mr.. Jones closed his
remarks, as Mr.. Stewart again took
the floor to argue against the Jones bill.
He conceded the good motives of the
senator but urged that the bond pro-
vision was a surrender to the banks and
to the gold power.
TURPIE'S TURPITUDE.
The Nicaragua bill was then taken
up and Mr.. Turpie resumed his speech
against the measure. Mr.. Turpie'S re-
marks became very personal at one
point and he arraigned Mr. Morgan
who is in Charge of the bill as chair
man of the committee on foreign rela-
tons. Mr.. Turpie declared that he had
long cherished the illusion that this
craftsmanship was Of the Hottest char
acter; that it was untouched and I'M
defiled by modern decisions and COM
monplace aspirations. But this illu-
sion was dispelled and this lofty chair
manship had disappeared like VIII
O the Wisp in the mireS of the San
Juan. Mr.. TuTpie proceeded to urge
that the proposed mortgage proposed
to be given to the company was
diaphanous and a mere pretense. The
senator spoke OF the canal company
stock as watered and that this whole
project was a combination of fraud
and water"
Dir. Turpie heaped invectives on the
bubble" mortgage and "snide" part
90.