The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-01-24
FOR A CABLE TO THE ISLANDS
Half a Million Wanted For a
Survey.
Financial Measures Discussed by
Senator's.
An Amendments Proposed to the NioarA-
gns CanaI Messure-Ths Appro-
priation Bill.

WASHINGTON, Jan. 23.-In the senate
today, Hale OF Maine offered an amend
ment to the diplomatic and consular bill
providing 100000 for the survey OF
cable route connecting the Hawaiian
islands with the United States.
The credentials of McMillin OF
Michigan, for the term beginning March
4th, next, and Mr.. Burrows, who suc-
cseded to the unexpired term OF Senator
Stock bridge, we're presented.
Senator Smiths currency bill was
then called up. 1t provides that
the president shall appoint four
commissioners from civil life, no more
than two of whom shall be members OF
the same political party. The president
OF the senate shall appoint four senators,
no more than two of whom shall be
mem bers OF the same party; the speaker
of the house Is to designate four mem
bers under the same conditions.
The senators and members chosen are
to be mem bers OF the Fifty-fourth con-
gress. These are to be known rs the
Monetary commission" 1t is made
the duty of the commission to take into
confederation and investigate thoroughly
all the various resouti ons relating to the
currency so far as may be necessary to
test judicious system of currency on a
sound basis.
The commission is empowered to visit
different portions of the country and
make to congress final report Of its
Investigations, together with such rec
concentrations as it may deem to bs to
haa ty.kn at Oh
later than the second Monday in De-
cember, 1895. The bill authorizes the
issue of $500, 000 900 OF 8 per cent bonds,
tion OF 10 years,
PoPULIsT OBJECTION.
Stewart. Populist. of Nevada. followed
Mr.. Smith with an argument against
any committee or any other means OF
avoiding direct action on the currency
question. Mr.. Stewart had read an
article in the Cincinnati Enquirer, ad-
dressed directly to the secretary of the
treasury and arraigning him for prefer
ring gold to silver.
Jones, Democrat OF Arkansas, added
to the interest in the question by pre-
senting bill which has been discussed
in the finance committee. It's reading
was followed with close attention, owing
to the prominence OF the senator in
shaping most of the finance committees
work.
Mr. Jones addressed the senate briefly
concerning the currency bill be had sub.
mitted. He spoke of the constant
danger in the present plan OF Issuing
bonds which permitted the banks to
force an issue, then to take gold from the
treasury in order to pay for the gold
aud thus keep up this constant assault
on the gold reserve and the constant
necessity for bonds.
II am not a believer in bonds" de-
clsred Jones. but am willing to sub.
NIT to bonds as m after OF necessity as
long as there is coupled with it sensi-
BILE, manly, honest recognition of silver.
If the feeling throughout the country in
favor of silver is properly ecognized,
then l will agree to the issue of bonds
and | will agree to it under no other
conditions"
Jones said it was his conviction that
the silver men would make q grave mis- =
take il they Insisted on the extreme
limits Of their hopes.
DIsUNITED sILvERITEs.
The failure of the silver element to
secure concert OF action was made owl
dent as soon as Jones closed his remarks
as Stewart agai took the floor to argue
against the Jones' bill. He conceded
the good motives OF the senator, but
urged the bond provision was surren.
der to the banks and to the gold power.
The Nicaragua canal bill was then
taken up and Turpie resumed his speech
against the measure.
Mr.. Turpie'e remarks became very
personal at one point and he arraiRned
Mr.. Morgan, who Ia in charge OF the
bill, as chairman of the committee on
foreign relations. Mr.. Turpie declared
he had long cherished the illusion that
this Craftsmanship was of the lofliest
character and that 1t was I'M
touched and unde6led by modern
delusions and commonplace aspi-
rations. But this illusion was
dispelled and this lofty chairmanship
had disappeared like q will O. wisp in
the mires Of the San Juan.
Mr.. Turpie proceeded to urge the
proposed mortgage proposed to be given
to the company was diaphanous and a
mere pretense. The senator spoke OF
the canal company stock as watered and
that this whole project was oombina-
ton of fraud and water"
Mr.. Tarpie heaped invectives on the
bubble" mortgage and "snide" part.
nership with the government which be
said was involved in the canal project.
There was an apostle surnamed Peter
who had been canonized, but this Mica.
rsgua scheme, he declared. was an at.
tempt to canonizs new st. Peter-the
peter Funk Of legislation" 1t was the
gloritication of Cheap Johns OF congress
sional work.
AT the close Of Mr.. Turpie's remarks
the senate went into executive session
and then at p. m. adjourned.