The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1895-12-28

they would make haste little more
slowly.
On yesterday general tariff bill. tie
exact effect of which on particular in
dustries and on the revenues no one
knew, had been rushed through the
House. To-day IL had been proposed to
put through bond bill in the same
summary manner. But the murmur-
ings of discomfort Oh the other side had
forced the sutocrnt OF the House and
the "so-cnlled leaaers" TO yield little
more time.
He admonished the other side that IL
WAS only by resistance that they could
obtain their rights. MIR. Bailey, DEM
ocrat, Texas, said yesterday with the
four hours debate, that tho bill would
burden the people with 100000.
600 of additional taxes. TO day
the performance was to be repeated, but
this time posterity was to be saddlsd
with an interest bearing debt OF which
no one knew how many millions. The
country he said would no more tolerate
or precipitase haste than 1t would mex.
cusable delay"
When the twenty minutes allowed the
Democratic side had been consumed
Mr.. Henderson, who was in charge of
the rule, rather surprised the House by
declining to make any reply to the
criticisms from the other side. He de-
manded vote on the adoption Of the
rule, which WAS taken by yeas and nays.
Tho rule was adopted by a vote of 1876
to lol: 1t was not strict party vote.
Tho Populis.s voted with the Damo.
Gratis against its adoption, and the fol-
lowing Republicans voted In opposition
to the majority of their psrty: Baker.
N. Fl 4; Connolly, Ill Dayton, w. Va;
Huling, W. Va; kirkpatrick, Kan;
Ltnney, N. c.; Mccormick, N. Y;
Shafroih, Col Pearson, N. O.; Mondell,
Wyo., and Miller, Kan.
The bond bill was then laid before
the House, and Mr.. Dingley opened che
debate in favor OF its adoption and ex-
planned the bill. AS q plain business
proposition, the Secretary should have
the power to float per cent. bonds. II
Is provided that the bonds shall be first
| offered to the people of the United
States, and Mr.. Dingley expressed no
doubt that the people from the Atlantic
to the Pacific would over-subscrIbe any
issue advertised for. Mr. DinRley
stated that the amendment specifically
stated that nothing In this bill should
be construed to repeal or modify the set
OF 1878 for the reissue of redeemed
greenbacks.
| what Will become of the greenbaoks
redeemed by the sale OF bonds under
this act?" asked Mr.. Marsh (Rep., Ille.).
They will be used" replied Mr..
DfnRley, "aa they were uaed up to 1893,
in discharging our interest," bearing oh.
| legations. But, In case OF run ON tho
Treasury, they could be held in the
Treasury temporarily for ita protection.
| When the exigency passed, however,
they would under this act, have 10 be
paid out or applied to the public debt"
Mr.. Dingley, in answer to msny cues.
lions, claimed that q per cent. bond
would be taken by the people much
more quickly than per cent. bond on
o per cent. basis.
Mr.. Turner Dam, Ga.) spoke for the
minority. He commended that the fault
did not lie in any deficiency in the reve-
mes, but in the existence of evils in our
financial system, for which the Demo-
cratic party was In no wise Responsible.
he pointed out how the Republicans in
the past had demonetized silver on the
resumption OF specie payments, which
contemplated the complete retiremenr
OF greenbacks. Now in the face of q
Presidential election they sought to
carry favor with the silver sentiment,
and they dared not retire the greenbacks
to which they had only been committed.
Mr.. Turner affirmed most posih rely
that In the existing state Of the mar
ket, per cent. coin bonds could not be
tosted. Ia conclusion he said he had
once believed that the Secretary of the
Treasury by exercising the option of re.
demption silver could repel raids on the
treasury; but now believed such a
course would precipitate q crisis, q
panic, convulsion, such rs we ad
never heard OF and that would shake
public and private credit to It's founda-
| tons.
Mr.. Patterson (Dem., Tenn.) said: "A
single declaration of Congress intended
to sastain inviolate the gold standard of
value would do more than ANYTHING
else to restore confidence. It was in
tended to sell the bonds for gold and pay
them in gold. Why not say ao?"
MIR. johnson (Rep.. Call was tho first
Republican to oppose the bill. Among
/ other things he said: 81 do not propose
that we shall give the lie to everything
we said before the election. and I, for
one, can never condone what regard
as an error both of heart and head and q
crime against the countryside bond
transsctioDs of last year. The passage
OF this bill would, believe, give the
transaction the stamp and seal of Re-
publican approval
Mr.. johnson (Rep.. North Dakots)
spoke In favor OF the bill and Mr..
Wheeler Oem.. Alsbams) against #.
AT the night session speeches were
made against the bill ty three Repub-
| licsns and two Democrats, and IN its
support by three Republicans. The
House at 10 O'Clock cd journed until to.
morrow.
| Pill to Tax All Incomes.
1