The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1895-02-15
GOVERNMENT FINANCES.
TcoNrrNuEp FROM FIRST PAeE.l

nav these bonds in something else be-
sides the equivalent Of gold. Whether
we are or not the fact remains that,
urged on by an memorable law, we nave
thns far paid no gold or its equivalent,
snd every man in this House belleves we
shall do so in the future. lApplause.J
1t is now proposed to reduce the rate OF
interest provided in this contract, pro-
yided we make the bonds sold payable IN
gold, That word is practically there
now, as everyone agrees. ms rasolu-
lion does not involve the establishment
of policy; it is simply action on single
transaction of the Government. Some
tell us it would govern all future transact
tons. but | did not believe the Secretary
of the Treasury would attempt another
such contract after his experience IN this.
The policy of redeeming our outstanding
obligations in gold was established by a
Democratic administration"
Reed called attention to the fact that IN
June, 1894, Wilson, Bynum, Turner,
Montgomery and Tarsney, all of whom
would be found voting for the bill, had
voted for the free coinage of silver.
A great laugh convulsed the House as
Reed produced this record. The gentle
man from Maine frowned, however, and
disciaimed any intention Of raising
laugh. AZ simply mention this" he
said, ito show the constraining influence
OF those in power" Laughter.
And everyone who is now voting the
old way has been retired to private liie,"
shouted Wheeler tDem.) of Alabama.
[Renewed laughter.
"a nations credit is its stronghold"
concluded Reed. Disaster may happen
"a Democratic Administration may oc-
cur-anything, in short, may happen, but
the most important thing always is to
preserve the nations credit. and there
oh no lgT INDIGNATION ut
the terms of this contract swerve us from
our due"
The debate was closed by Wilson, who
admitted that the contract made by the
Secretary of the Treasury contained very
hard terms for the Government, but he
believed that those terms were the best
that could be obtained. But Congress
could, by giving the Secretary of the
Treasury authority to write on the bond
what the contracting parties thought
should be there. although ali agreed the
bonds would be redeemed in gold, save
10 the taxpayers 100000 year.
In conclusion Wilson said, no matter
how members might differ, IN the act Of
the Secretary, no one Ill the House who
had known him would dare to question
his integrity. This statement was heartily
applauded.
The Speakers gavel dropped. The
hour of O'clock had arrived, and under
the special order the Clerk proceeded to
call the roll on ordering the resolution to
its third reading.
The third reading Of the resolution was
retuSed-l20 TO l61.
A cheer went up from the opponents of
the resolution as the result was an
nounced.
Bland moved to reconsider and Law the
motion on the table, which was carried
without division, and then, on motion Of
Wilson, at $40 P. NJ, the House ad-
journed until Tomorrow at II o'clock.
IN THE SENATE.
WASHINGTON, FEB. l4.-When the Sem
ate met to-day the high tension of the
financial situation was clearly evident
from the animated groups OF Senators
who discussed the subject. \ rumOr
soon gained circulation That a suggestion
had been made that a resolution be
passed directing and advising the execu-
tive branch OF the Government TO cancel
the contract with the banke rs for the sale
of So 100000 bonds. With the several
financial bills on the calendar and on the
table, It was felt that decisive action one
way or the other was not far of.
Platt Rep OF Connecticut presented a
petition, and gave dramatic details con-
corning barDarous executions in the
Choctaw Territory. He said the facts. il
known, would shock the civilized world,
80 L4lIN JACSIAltCO bdI UdIlI1CS Unparalleled
IN this country. The petition urged that
law be passed giving an appeal to In
dian convIcts. PlatC said the time had
been reached when such law was I'M
perative, in order to end the shocking
condition OF affairs.
\ favorable report was made by
special committee, allowing SII5,O00 to
the widows and children OF those killed
at tord's Iheater in Washington.
Lodge iReD,l of Massachusetts, ofTarad
a resolution, which was agreed to, asking
the Secretary OF the Treasury for infor-
NATION as to the returns from the distiIl-
ers Of spirits, and what reduction would
occur IRON the prospective close of dis
tilleries.
Call DEM of Florida then brought
forward his irrepTessible resolution for
q Senate investigation of the Honduras
Lottery Company's operations in con-
trolling Florida elections.
blackburn sought TO cut it off by NOV
ing to refer II TO the Committee on Privi-
leges and Elections, and this caused a
heated debate for a time, during which
Morgan (Dem.) OF Alabama sharply criti-
cised the course of Gail. who. MORGAN
said, was seeking to take the advice and
assistance OF politicians anxious to thrust
q Federal inquiry into the State affairs of
Florida.
Blackburn then moved to take up the
Postofnce appropriation bill. Discussion
was resumed on the two Important
amendments, first TO give the Postmaster
General discretion over the s. 200. 900 for
railway postal cars, and second, for the
purchase and maintenance by the Gov
eminent OF all postal cars. The PRESIDING
oincer interviewed at this point TO present
The response OF Secretary Carlisle 10 the
comprehensive resolution presented bv
Torihan Tor information as TO the condi-
llon OF the treasury. Its elaborate de-
tai OF ngures was followed with close At
tention by German, Cock rell and Allison.
although 1t was too statistical 10 enUage
general attention.
Before It's reading ended, German pro-
posed that II would he desirable TO have
II IN pamphlet form ready for use to-
morrow, and this was done.
AS on yesterday, the amendments were
generally discussed, Alessrs. Villas. Teller.
Platt, Carey, and others participating.
The votes on the various railway mails
amendments were taken at 3 p. NJ. and
defeated.
The amendment of Black burn, propos-
1ng 10 per cent. reduction in postal car
GaLes, was laid on the taDle-42 to 49,
Villas offered an amendment ixinp tho
pay OF railway mail clerks as follows :
lrst class, not exceeding $500: second
class, 81 100; third class, s. 200: fourth
class, Sl,5OU; fifth class, 81 800; sixth class
$1,000; seventh class, 81 500. Ruled oui
OF order.
Davis (Rep.) of Minnesota offered an
amendment that railway mail clerks
hereafter appointed shall reside on their
routes. Agreed to.
The credentials of Augustus O. Bacon.
as Senator from Georgia for the term he
ginning March 4th next, were presented
by W alsh of Georgia
Butler gave notice that he would to-
morrow call up his resolution advancing
the pooling bill.
At 6:l5 p. N. the Senate held brief ex-
ecutlve session and then adjourned.