The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1895-02-15
Washington Letter.

]
WASHINGTON, February 1l.-Senator Hill
stated the financial situation i'll uut shell when
he said of the Presidents last special message
ut unloads the responsibility on Congress
/ President Cleveland after weeks Of negotiation
could do no better than to get an offer OF gold
to he paid for i'll thrty.year 4 per cent. coin
bonds, ut Il price which makes the Dohds carry
interest at the rate of 334 per cent, ailhough
the same men expressed II Willingness to FUR
nish gold for an unlimited amount OF q per
cent. gold bonds. The President had inns oher
more than Il week ago, but he held 1t in ahey-
unce until the House defeated the Dill proNld-
ing for 3 per cent. gold bonds. Then he accept
ed the offer to the amount OF 3,ooU,ooo, ounces
of standard gold coin, which Will require the
issuing of within Il traction OF S6Z,4oo,ooO IN
bonds, with proviso that the gold should ne
paid for at the same price with per cent. goa
bonds if Congress would within ten days
authorize their issue. The President then III Il
special message laid the facts before Congress.
laying particular stress upon the Sio,ooo,ooo
which represents the difference in the interest
that would have to be paid on 3 per cent gold
bonds and that which will have TO be paid on
the 334 per cent: coin bonds ana leaving II lor
Congress to decide which it shall De
Chairman Wilson. of the House ways ana
Means Committee, who is in charge OIL the Dill
providing for the issue of 3 per cent. gold
bonds, is working with his usual energy to get
| the bill before the House although he knowsas
well as any man that it Will not nave one
chance out OF possible hundea 10 f paSs the
committee, but he fully agrees with the frcsl-
dent in desiring to put the House on record on
this matter
with the President tn It the question OF whether
a man favors or opposes bonds does not enter
into the question now. That has been settled
and the bonds are to be issued under law Tor
which this Congress is not responsible The
only question at issue, according TO the fresl-
dents opinion. is whether SIG, OO0,OoO snail be
saved or not. The silver men claim that the
authorization of IL gold bond by Congress will
be equivalent to an official endorsement OF the
single gold standard, and that claim ls what
will prevent many Democrats voting Tor the
before the House.
Whether Congress acts or refuses TO act II Is
generally belived that the present bono issue
will have the effect of greatly lesSenlng the
probability of an extra session OF Congress
The President and Secretary Carlisle believe
that getting the gold for these BONDS from
abroad will be highly beneficial to the treasury
and that no further bond issues will be neces-
sary, unless there shall be some unexpected
turn of affairs
consular and diplomatic bill appropratlng
100000 to start the work of laying cable
to Hawaii and authorizing the PRESIDENT to
contract for the entire work. With the ek-
ception of Senators Butler, Call, German, Hill
and Morgan all of the Democrats present voted
against the amendment
Senator Germans inquiry as to what author
ity the Senate had for going into II State and
investigating the election of Il governor and u
Legislature was prompted by Senator Calls re-
solution foran investigation of the part the Lou
isiana and Honduras Lottery Co. played in the
last Florida State election, but il is equally APP
plieable to other resolutions proposing lnVestl-.
mans statement that the people OF Maryland
had way, when erookedness existed or was
suspected, of righting the matter for themselves
without appealing to Congress, was suggestive.
1t is not ut all probable that any resolution
providing for the investigation Of State cleo
ton by u Senate committee will be adopted,
and it is matter for regret that any Democrat
should vote for such IL resolution under any
circumstances. The Democratic party has al
ways maintained that State authority was SUI
premc in State elections, and the party has III
variably suffered when attempts have been
made to abandon principles as old as the party
itself. 1t was the old undying principles which
kept the party alive through years of defeat.
and it is upon them that the party must depend
for future success.
Senator Villas succeeded i'll getting an amend
ment to the Sundry Civil Appropriation bill,
authorizing the President to appoint commits
sion to confer with like body representing
Great Britain and Canada us to the Feasibility
of series of canals between the great lakes
and the Atlantic ocean with a depth sufficient
to accommodate ocean going vessels c. A. 5.