Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1895-02-13
THE NATIONAL CAPITAL.
Ways and Means i'm the HOuse-Ques-
tiOning Carlisle's Authority to Is
sue Bonds s-SenatOr Villas En-
trOdaces Administration
Finance Bill.

Finance Bill.
Washington, Feb. 1S.--The house com
mittee on ways and means voted to-da,
by 8 to to report the following resolu
tion agreed upon by the sub committee
Resolved by the senate and house o
representatives in congress assembled
that the secretary of treasury be and il
hereby authorized to issue and dispose O.
at not less than par in gold coin, bond.
of the United States with qualities, privi
leges and exemption of bonds issued un
der the act approved July IA, 1870, en-
titled "An act authorizing the refundlne
of the national debt losn." to an amount
not exceeding $65;116,275, bearing inter.
est at rate not exceeding 8 per cent per
annum, principal and interest
PAYABLE IN GOLD COIN
of the present standard of weight and
fineness, said bonds to be made payable
not more than thirty years after date
provided, however, that no part of the
proceeds of the sale Of such bonds or
notes redeemed with proceeds shall be
|
ses of the government.
The vote was as follows: For the bill,
Messrs. Wilson, Tarsney, Turner, Mont
gomery, Stevens and Cochran. Demo-
Gratis, and Reed and Payne, Republicans;
against the bill, Messrs. Mcmillan,
Whiting, Bryan and Wheeler, Democrats,
and Hopkins, Republican.
The minority report will probably
BE WRITTEN BY MR.. BRYAN.
The provision against the redemption
of national hank notes by the treasury,
which Secretary Carlisle requested yes
terday and which the subcommittee
recommended, was passed over by general
consent as it was thought best not to
cumber the resolution with too many
propositions.
A resolution prepared by Mr.. Wheeler
declaring that enacting the presidents
recommendation was an abandonment of
bimetallism and therefore inexpedient
and Bryan's resolution for the payment
of all government obligations in the coin
most convenient we're voted down, as
was Cockran's proposition for more
comprehensive authority to the secretary
tions we're not recorded.
INVESTIGATING oARL1sLE's AUTHORITY.
just before the adjournment of the
house to-day, Representative Pence will
present resolution and ask for It's i'm
mediate consideration, calling on the
secretary of the treasury to Immediately
transmit to the house copy of the con-
tro Ck Of tod Nv ko;r
bankers of London for the sale of gov
ornment bonds.
THE Villas FINANCE BILL.
financial bill on the lines of the
presidents last message was presented to
the senate to-day by Senator Villas. Its
reading was followed by brief but
spirited debate.
The measure is entitled, "A bill to save
the American people $16,174,77O." It
recites the presidents statement that be
had agreed to issue $62,40O,OOO of bonds
payable in 'coin" at an interest equiva-
lent to 81 per cent, but retained the
right to issue bonds payable in gold at 3
per cent if congress granted him the
authority.
The bill states that this difference in
interest amounts to $539,199 per year or
$l6,l74,77O in thirty years during which
the bonds are to run. 1t is provided that
the secretary of the treasury be author
ized to issue $65,O00,0O0 of bonds at 8
per cent interest payable in gold in
thirty years to be used redeen,ing the
legal tenders and to be exempt from tax.
SENATOR HoAR BECOMES 1NQU1sITIvE.
Senator Hoar, addressing himself to |
Senator Villas, said: "Will the senator
tell US the authority for the great saving |
he sets forthf Who are the persons with |
whom this arrangement for buying bonds |
has been made? Where is the contract? |
We ought to be fully informed"
II am not the keeper of executive
Documents" responded Senator Villas
'The president has given US his views In
his message"
But" insisted Senator Hoar, 1--WE
should have details, We have only the
statement Of certain facts and conclu-
sions by the president, but there is an
entire absence of details"
II have no more details than any other
said Senator Villas.
Senator Wolcott gave a new turn to
The discussion. "The morning reports
tell u.s." said he, "That these bonds are
being taken in London at l.l2h and by
this means the syndicate of Jewish bank
ers who have taken the bends, are net
ting profit Of 8 per cent"
A DISGRACE.
In the senate Mr.. Pettigrew, Republi-
san, of South Dakota, offered concur
rent resolution authorizing the president
10 employ counsel for the purpose of
bringing suit against the directors and
stockholders of the Union and Central
Pacific railroads who received the stock
Of said roads without paying cash for the
same; also to recover from the directors,
officers and stockholders of said roads
such sums of money as were stolen by
hem or diverted and converted to any
unlawful purposes, and therefore not
placed in the sinking fund, as required
BY law.
Mr.. Pettigrew said he would at a later
late submit list of the parties, with the
amounts of liabilities. The senator said
The manipulation of these railroads was a
disgrace to civilization"
SENATOR VEST TALKS.
In the senate yesterday most of the day
vas spent on the postotfice appropria-
ion bill, spirited contest being made