The advocate., 1895-02-27
qWEEDLEDEE AND TWEEDLEDUM.

vast difference between the policy Of
Mr.. cleveland and his democratic
friendsland the republican policy rel
ative to the issue and sale Of govern
ment bonds redeemsble in gold. This,
Of course, must be 80 or republican
papers would not be 80 sure Of it. In
order that the reader may be fully
informed upon the subject we invite
attention. to the subioined documents
in which the difference clearly sp-
pears. The following is the latest
resolution upon the subject that has
been considered in the house and it
is fair to presume that it represents
the latest democratic ideas:
Resolved, by the senate and the house Of
Representatives Of the United States in con-
gress assembled, That the secretary Of the
breasnRy be and is hereby authorized 10
issue and dispose Of, at not less than par in
gold coin, bonds of the United States with
the qualities, privileges and exemptions of
bonds issued under the sOs approved July
IA, 1870, entitled, an sOt authorizing the re-
funding Of the national debt TO an amount
not exceeding S65, lie, ,275, bearing interest
% rate NOT exceeding 3 per cent. per an
mum, principal and interest payable in
gold coin of the present standard Of weigh6
and Aneness; said bonds to be made pay.
ablo not more than thirty years after date;
crowded, however, that no part Of the pro-
oeadB Of Che sale OF such bonds nor Of the
notes redeemed with such proceeds shall be
available for the payment of the current
expenses Of the government.
In the senate on the 18th inst,
when the finance committee made its
report upon the Jones bill, John
Sherman offered the following as a
substitute for that report;
Strike out all after the ensOting clause
and insert:
''Thsb 10 enable the secretary Of the
treasury TO provide for and maintain the
redemption of United States notes accord
ing TO the provisions of the act approved
January IA, 1875, entitled An sOt TO prO-
vide for the resumption of specie pay
ments,' he is authorized from time to
time, at his discretion, to issue, sell and
dispose of, at not less than par in gold coin,
etheE Of the description Of bonds author
lied In said aot, OK coupon or registered
bonds Of the United States, TO an amount
sufficient 70. the object stated in this SEQ
tiOn, and EsdeemAbls at the pleasure Of the
Unihsd States, in gold coin, after Ave years
from their date, with like qualities, priVi-
leges and exemptions provided in said act
for The bonds therein authorized. And the
secretary Of She treasury shall use the pro-
coeds thereof for the purpose provided for
in this section Of this aOb and none other.
"sRcs 3. That to provide for any tenn
porary deficiency now existing or which
may hereafter OCCUR, the secretary of the
treasury is hereby authorized, at his dis
orstion, TO issue certificates Of indebtedness
70 che United States, payable to the bearer
Ia lawful money Of the United States, Of
the denomination Of $25. $50 and 500, with
annual coupons for interest at the rate Of
per cent. per annum and 10 sell and dis
pose Of the same for NOT less than an equal
smount Of lawful money Of the United
States at designated depOEitOries Of the
United States, and at such pOstOfaces as he
may select. And suoh certificates shall
have hhe like qualities, privileges and eX-
anptions described in said resumption act
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