The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-02-19
money of less value than that which we
reccived.N -

money or less value than that wnlch we
received"
Sherman turned his attention to the
president and secretary of the treasury.
the senator from Delaware Gray
said Mr. Sherman, "seeks to defend the
president. But why should this he neces-
sary? The president has no power over
tho bonds. He has nothing to do with
them. The secretary of the treasury Is
the one authorized TO issue the bonds or
to conduct the negotiations. The presi-
dent has no more power as to the bonds
than he has to sit in n senator's scat IN
the senate chamber"
Referring to the recent bond contract,
Sherman said: II must say that do not
like to say il, for | have the highest per-
sonal regard for the integrity OF the pres'-
dent and secretary, but l must say this
last contract was most faulty for the
United States. To deliver the bonds at
the rate given was at least lmprovident.
Within the next 30 years wo would be able
to redeem those bonds at one-half the
rate of interest We had bound ourselves
to pay. The senator from Delaware,
(Gray) had been solicitous as to the presi-
dents getting gold. Why" said Sher-
man, "there was no difficulty in getting
gold from London or Berlin.
"And how" asked Gray, lis gold 10 be
gotten except by buying 1t with bonds -
Mr.. Sherman said the manner OF getting
it was TO get full value for our bonds.
There had been no trouble over previous
bond contracts. Then the executive
officers followed the usual rule and got
full value for our bonds. But the sngu-
lar feature of the last transaction was
that the bonds should sell at 1.0i% when
| urnrfh N nnnlnnrSOn with our
other bonds, 40.
HAS the senator any market reports
showing these quotations?" asked Gray.
"No,n said sherman, "but does the
senator know that 30-year bonds arc
worth much more than those previously
marketed"
Then" said Gray, "the senator is in
dulging in estimates and general specula-
| ton. lie has no market reports TO cstab-
| lish the rates he quotes
Sherman said the bond contract, while
! improvIdent, would not rum or break the
| United States. II a reasonable PROPOSE
ton had been made to our own people,
| they would have found gold to pay for
them. We have the men in New York,
| Boston, Philadelphia and Chicago, who,
| being applied to, could cover such bonds
! i'm gold at their full value. We have no
need to look abroad. Sherman closed by
saying that he had not intended any per-
sonal criticism of the president or secre-
! tary of the treasury "rhcy have made n
bad bargain, that is all" said he, but, 1t
being a bargain, we must live up to it,"
Tho agricultural Appropriation bill was
then taken up.
4 long debate occurred on the commit
tee amendments striking out $1,000 for
ghn al q
bate tho $4,000 for continuing the irrigat-
ing experiments was retained.
Mr.. Allen offered an amendment appro-
! priating 10000 for seed and materials
for the drouth sufferers throughout the
country. particularly in the Dakotas, Ne
braslIa, Colorado and Kansas. He said
the suffering and loss was moro severe
than was generally known.
Pasco amended by including frost
sufferers.
Manderson resented tho odium which
his colleague, Allen. sought to place on
Nebraska in Offering an amendment which
placed Nebraska IN the position of a pau
per and beggar from the government. Ne
braska could look after her own suffer
ers.
Allen in turn warmly resented these
statements of his colleague.
On an aye and nay vote all the amend
ments to help the drouth, fire and frost
sufferers was held to be out of order. The
agricultural appropriation bill was then
passed, after which there was an effort to
get recognition from every side of tho
chair. It was clearly fight between the
silver bill, the appropriation bills and the
pooling bill.
Jones of Arkansas, in charge Of tho sill.
IL a..
milton and moved to take up the silver
bill. The effect of this, If adopted, was
to displace the bankruptcy bill and al
other measures aud bring the silver bill
to the front for a struggle and vote.
Hale moved to adjourn. Tho motion tc
adjourn was defeated by Il to 36, n signal
victory for the silver men.
German then made n move to get th'
appropriation bills ahead of the sive
bill lie urged that the Indian appropri
alton bill be taken up. Gail having made
a motion to that effect, German cited tn
rule that n motion to take up an appro
priatIon bill was specially privileged.
Tho discussion was sharp and exciting
showing the intense interest felt by th'
senators at the outcome. The vice presl
dent held the motion of call to be in OF
der. Then au aye and nay vote was takel
on his motion - take up tho Indian bil
and thus cut off the silver bill.
The motion was defeated, ayes 26, nay
20, and the silver men again were vic
! torious.
The ayes and nays were then taken oi
the direct question of taking up the silve
, bill. according to Jones motion, and tn
! silver men gained the.r point, yeas 81
{ navs =. The vote was rs follows:
= Ycas-Allen, Bate, Berry, Blackburn
Butler, Call, Cameron, Clark, Daniel
! Dubois, Hansbrough, Harris, Huntor
Jones tArkansas), Jones (Nevadal, XVI,
= / McLaurin, Mantle, Morgan, PETER. Pei
D | kins, Pettigrew, Pugh, Squire, Stewar
) Teller, Turpie. Voorhees,, Walsh an
, ! White. Total, 80.
. Nays-Allisou, Brice, Camden. Carer
/ ! Chandler, Davis. ID Nou, Frye, GlllIngei
4 ~ f.,s