The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-29

Washington City. Dec es.-The house to-
day passed the bond bin by a vote 0f 10 20
l@5. and, thus having discharged the task
for which It has been sitting during the
recess. effected an agreement by which
the house should adjourn next week. three
days Al A time. IN order 20 give members
an opportunity 10 spend New Years day
a their homes. The closing hours OF the
debate today were lacking in spirit and
there was practically no excitement until
the vote was taken, The margin Of g nv
which the first section Of the bill. against
which the Republican opponents OF the
measure massed their opposition. was
passed, showed that the friends OF the
measure lad nnarshaled every available
vote in its favor As il was. 47 Republic
ans refused 70 act with the majority of
their party. The Populists and Democrats,
with the exception Of Hutchinson Of Tex
as, who voted for the bill. presented en- IN
broken front against the bill.
The bin as passed amends the resump-
ton act 50 as 10 permit the issue OF per
cent. coin bonds, redeemahle after five
years at the pleasure Of the government
and payable in fifteen years with the speci-
fic provision that nothing in the bill shall
be construed TO repeal the act Of 1873 for
the reissue Of the greenbacks, and that
the bonds shall first he offered for sub
scriptiOn NJ the sub-treasuries and deposit
tories Of the United States.
The second section Of the bill provides
for the issue Of thres-year per cent. debt
certificates of denOmina tons of $50 and
multples thereof, In amounts not exceed
Ing $50 100000. 70 meet temporary deficien-
cies
When fhe house convened today but
three hours remained for debate on the bond
bill. The vote. hy the terms Of the rule
under which the house was operating. was
-. I'll. > - TT
was large.
Brosius Rep, opened the debate in favor
Of the bill. This was the only country on
the globe. he said. where gold redemption
had neither qualification nor Limitation.
and where the treasury was without the
power 10 resist the incursions OF foreign
gold gr3bbers or domestic Spectators.
Parker. Rep, y. j. favored the bill as
i good business measure.
McLaurin, Dem, s. c. opposed It, be-
cause II would Increase the burden of
people already tax-ridden. and would tend
10 legalize q series OF usurpatons of power
by the secretary Of the treasury II the
secretary would use his discretion and re-
deem notes I'm silver. the gold raids would
stop. and new hope would be infused into
the Democratic party. now crushed by the
financial policy of the administration
Cannon, Rep. in support Of the measure.
declared that II was bill 10 maintain spe-
der the wise direction or the Republican
party IN 1872. lie said; You. on the other
side. will vote against this bill; those IN
favor Of silver AZ Is 70 !. because you want
To impair the credit Of the country and
force us 70 a silver basis. and those who
support the administration. because IL
wants gold bonds We I'm our Judgment
and patriotism. stand ready to pass this
bin If Il IS rejected by the senate or
president We shall at least have east onr
mite toward the protection Of the public
credit and have given 4 prophecy Of what
we shall do when We come into fun power
in lSq7. Republican applause)
Bartlett. Dem. announced his opinion
that the passage Of the pending bill. instead
credit Of the government. would lead 70
further panic. and avowed that he was for
the maintenance OF the gold standard un-
III the powers # the world agreed 10 the
coinage Of silver.
Tawney. Rep.. MINI. a member OF the
WAYS and means committee. in support of
the hlll called attention TO the presidents
urgent appeal 10 congress 70 do something
before adiourning. He know. and every
body knew. that gold bonds would not he
authorized by congress. and because CON
Eress would not give him authority he and
his secretary of the treasury had alrea ~
reonenod negotiations with tho same old
maIodorous syndicate for another issue OF
I per cent. bonds The people of the coun-
Try were 10 he given no opportunity 10 sub
scribe Ife read several letters from con-
stituents Offering 20 subscribe for gold
bonds
Bailey. Dem. TEX. in outlining the at
titude Of the silver Democrats. said tNat
they had des red 10 Offer rs a substitute
for the hin measure that would. ia his
opinion render the further sale - bonds
unnecessary As plain bus moss PROPOSE