Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-01-12

OF course, do not ADMIT. in fact in
sis., that the government is under Ito
obligation to redeem this volume OF
paper money with gold. but the admin
istratlon' has insisted and still insists
that no matter what sort OF note 1t is
or what IL written on 1t 1t must be
paid in gold il the owner Of IL demands
gold. There have been Two boud is
sues OF S5O000,00O each. Gold has been
Withdrawn from the banks 10 buy these
bonds. As soon as the gold ,eached the
treasury il dwlndled away. being eX-
changed for these various paper notes
which were presented for payment,
This process eau and will go on just
as long rs the government issues bonds
and redeems its paper with gold. The
only result is to burden the people with
an increasing interest-beasing debt.
Any scheme which proposes TO enlarge
the currency without broadening the
basis of money of ultimate redemption
will certainly add to our complications.
That has been the chief fault OF all bills
for the reforming OF our currency sys-
TEN which have been formulated up
TO this time during this session OF con-
gross.
Il sincerely believe that four-Gfths OF
this body consclentiously believe that
there Will be no permanent prosperity
IN this country until the basis OF our
currency Is broadened. 1 believe they
would be glad TO witness the return to
the free and unlimited coinage OF silver
as well as gold. a great many sena-
tors on this fioor--1 think a majority
are fully convinced that there can be no
substantial relief without the unlimited
coinage OF silver and 1t Is my impression
that no financial measure Will pass the
senate during this or the next congress,
az any rate. which does not fully reeog-
nize silver The folly OF make-shlft
legislation. enacted only TO be repealed
has been fully demonstrated. II were
better to continue as we are with the
gold standard and all OF its necessary
and attendant evils than to resort to
any more experiments in that line We
are threatened that II the present cur
rency laws remain unchanged the coun-
try Will soon be upon silver basis.
Perhaps this Is true. / am somewhat
inclined to think 1t Is. This prospect,
| however, has no terrors for the silver
advocates. They are contonding for
/ both gold and silver. but II forced 10
choose between the two would greatly
prefer silver This at any rate, Is the
I position which / would wish to take,
and in doing so 4 would be serving the
best interests Of the entire country
Mr.. Quay casting the yea vote and
Nanla, moved to postpone the further
NAbelhNA ANU va Aitt nlli anu hiltlh=
ments until February /, 1t was the
duty OF congress to exercise nil power
to prevent the collection OF the income
tax.
81 believe" he said. at Is the highest
privilege Of the minority OF this cham
her to prevent the CARRYING out OF the
highest crime OF the criminal tariff act
placed ON the statute books by the last
| session OF this dlscreditcd congress-"
"A tho gnnnlMNlDn DF Mr. NnnNfu
marks his motion was defeated. to a..
Mr., Quay casting the yea vote nd
MIR, Hin not voting.
Mr.. sherman CRep0 OF Ohio said he
had listened with pleasure TO Mr. Hllls
speech. and agreed with him that the
income tax was inqulsitorinl and unjust
and perhaps ought to be repealed. He
did not agree with MIR. Hin, however. in
supposing that the amendment offered
by him was requisite In order TO give
tho citizen tho rl~Nf tn sur i- tYa
court II he considered the law unjust or
unconstitutional.
He thought every citizen had the un-
questionable right to raise the question
by suit at law in the courts,
Mr.. Sherman argued against the
right OF the senate to originate the
question OF the collection Of taxes, The
house Of representatives was supreme
on that subject. The senate had no
moral right to refuse the appropriation
If the law ls bad It is law, and con-
gress Is bound to furnish the money to
carry the law into effect. The best way
to reform the law was TO enforce II, IL
the senate failed to appropriate the
money necessary to carry the law into
effect Il failed to do its duty. 1t was n
violation OF the constitution TO change
l the recent tariff law. There was no
/ Justification In Withholding the appro-
/ prlatlon. Such a course was deHtruc-
I tive to forms OF legislation,
Mr. I'M In reply to Mr.. Sherman.
] stated that he did not agree with him
/ In the contention denying the right OF
| the senate TO act originally on the ques-
I ton.
Mr.. Mitchell Rcp1 OF Oregon said
[ there ought not TO be any difference OF
, opinion among senators In regard 10
the appropriations.
First that the appropriation In the
I pending bin ought 10 be made, and sec
ond. that the amendment offered by the
senator from New York ought to be
/ adopted. The discussion was further
| participated in by Mcssrs. Allison and
White.
At this point Mr. Morgan of Ala
bama raised point of order against
the argument, and holding that 1t was
general legislation or general bill,
and the chair ruled. Mr.. Hin APP
pealed from the decision OF the chair.
and on this appeal he addressed the
senate holding that the amendment
was proper. and that he wanted to
take the judgment Of the full senate
on the matter tomorrow.
Before Mr. Hin spoke on the appeal
Mr. Mcpherson CDemocraD OF New
Jersey introduced a bill on the cur
roncy question, which Mr.. Aldrich
asked to have read In fun.
Objection was raised and Mr.. Nc
Pherson withdrew the bill.
Later, leave was given 10 print In
the Record the bill which M, McPher-
son desired TO introduce, and also that
presented by Mr.. Vest, on the same
| question.
The senate at 5:15 went into executive
session and at 5:25 p. m, adjourned
p stands for purity. power and plenty.
/ f.a I1sHtssa % INs IgYtg .F