The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-12-27
THE KANSAS IDEE.
That Is, That Borrowing Money
to Pay Running Expenses
Is Idiotic, Even If Eastern
"FinancierS"
Do APPROVE OF 1T.
Senator Bakers Cry Nearly as
Strong as COxey's.
Not Any More Interest Bearing
Bonds," Says He.

From the State Journals Special Correspondent
WASHINGTON, Dec 27.-The talked of
proposal by the ways and means COM
mittee to issue small bonds to constitute
popular loan does not seem to meet
with the favor of all. The Kansas rep
resentatives, at least most of them, do
not see any necessity for bonds of any
kind. They don't like the idea of get
ting the government deeper into debt
unless the necessity is great deal more
urgent than at present.
Bonds as a means of paying the ex-
penses of the government are repug nant
to their ideas of the proper way to do
business Representative Curtis, con-
corning the proposed relief measures
said:
II don't like the idea of bonds of any
kind, not even if they are to be taken by
our own people and paid in coin. OF
course that kind would be the least OBJ
jectionable, but do not think there is
any necessity for any bonds or even GER
tifcates of inde ebtedness. 1t is simply,
as have said before matter of reve-
nues. Our expenses have been for time
in excess of our receipts and no country
or man can do business long in that way
! without q crash.
81 believe in running the government
just like man would his business. If
his expenditures are in excess of what
he takes in. he must increase the latter
item or go to the wall.
The increase of tariff, which it is said
the ways and means committee will
make, will, believe, produce sufficient
extra revenues to cover the deficit The
restoration of the duties on agricultural
products will not only help to provid @
the needed revenue tut will be great
benefit to the western farmers.
"You may issue bonds or certificates
of Indebtedness as long as you please,
but you will never stop the drain on the
gold reserve so long as the government
pays out more money than it takes in in
revenues. There was never any trouble
with the gold reserve from 1879 to 1898
under Repu ublican laws and administra-
| tions."
Representative Calderhead when asked
| what he thought of the so-called Reed
popular bond idea would not say much
directly about it. He did say, however.
he thought the people of the United
States were amply able to take the bonds
of the United States, adding, elf they had
done that before there would not be any
trouble now. Until recently the paper
of the United States has been interna-
tional money. 1t was accepted every
where at its face value"
Speaking of the proposed relief meas
ures in the house, Senator Baker said
they suited him all right till it came tc
the bonds. 81 am not in favor of the is.
suance of any more interest bearing
bonds of any kind.
''There is no use to plunge the country
still deeper in debt. The silver element
in the senate appears to be unfavorable
TO any kind of bond issue and it is i'm
probable that any measure having tina
feature could pass that body"
OF the Populists, Representative Baker
was not prepared to say what kind of
relief measure he would vote for. Ht
believed congress was not going at the
change for the better. He thinks it il
necessary to change the condition SO the
farmer can get prices for his products
before any lasting good can be accom-
plished.
He said: 81 am not sure that the free
coinage of silver would be a good ex
pedient just at this time. | believe il
being common sense about these things
There is no question that the adoption
of free coinage of silver would hit Wal
street hard and hurt stocks aud securi
ties. So that it is a question whether
free coinage at this particular momen
would afford the relief desired.
1--WE do not want to do anything which
will impair contracts but we want t.
change conditions SO that men VIII,
honestly want to pay their debts bu
can't on account of our present system
can meet their obligations"