Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-28
any Issue OF bonds.
MANNINGs METHOD.

'nas,ion 10 me | am dealing with the
condItIon as IL stands now. You have no
money In the Treasury now as you had
then Secretary Carlisle came into the
department stripped Of the power which
MIR Manning had. He tried 10 do II. but
when he came TO look at his Golfers he
found that he had no balance TO pay his
customs debts. He was In the hands OF
the money-rlng. He was helpless ] want
10 relieve him. And l appeal TO sena-
tors TO give him this authority TO issue
800 0o0.0oo Of currency, so that he can
say 10 these bankers: You cannot en-
barrass the government. Our credit Is
perfect. We have the money. which the
people VIII take. ] am master OF the situa-
ton The Government Of the United
States should not be at the mercy of the
money-kings."
This portion Of Mr.. Germans speech
was delivered with much spirit and effect.
Mr. VOORHEES,. chairman OF the Finance
Committee, recalled Mr. Cariisles state
ment that he thought the Secretary OF
the Treasury should have authority 10
issue government certificates In case OF
deficiency. but that he would not exer-
else that power now II given TO him.
because IL was not necessary. Mr.. Noor-
hces also referred 10 the President s
statements as TO there being "a comfort
that the President was mot hankering
after the proposed legislation
DUTY OF CONGRESS.
Mr.. German argued that Congress ought
TO say 10 the President that, having given
him authority 10 issue certificates OF in
debtedness. he should not sell long bonds,
and that II he did the people of the coun-
try would not sustain him. But II Con-
Ipr.p
authority. he had said that ne would con-
tinue the same course, and Congress
could not complain Of the President mere
after II there was failure on its part
here and now.
Senators" he continued. who are on
more intimate terms with the President
than | am may have some intimatlon that
this proposition is dstasteful TO him.
but that would not control me. because
my view Is that / must represent the
interests Of the people OF the county as |
understand them. / would not desire TO
force on a coordinate branch of the gov
eminent any power which 1t does not
want. unless in my judgment that power
was absolutely necessary TO protect the
Taxpayer. | cannot. with my Views. per
nit this session TO close without making
an effort to give the President such power
as will avoid repetition Of the sale OF
long bonds. There is no reflection on the
President in any proposition which |
make. There is no reflection on the
Secretary OF the Treasury. whom ] adj
mire But II this proposition is to be de-
feated. and II We are 10 run the risk OF
suspending works Of enternriee. that re-
sponsibility must be accepted"
MILI.S'S PROPOSITION.
Mr.. Mills said that there could be no
question OF "A Treasury deficiency, when
there was $50 10000 Of silver In the Treas
ury belonging TO the government, with
authority TO the Secretary OF the Treasury
TO coin Il and pay IL out In his disburse-
ments He condemned the issue OF bonds
as a reversal OF tn policy OF the govern
ment He feared that If It were not stopped
there would be a mammoth debt piled on
the shoulders OF the American people.
Mr. Mills said that he proposed TO ofer
an amendment TO repeal all laws that
authorized the Secretary OF the Treasury
to sell United States bonds for any pur-
pose whatever.
Mr. Allison, a member Of the Commit
tee on Appropriations. said that he knew
how the hours OF this Congress were feet-
ing, and that the bill must be COM
pleted to-day, and the remaining appro-
priation bills completed within the p"Nt
two DAYS. He believed 1t TO be the first
could. that those appropriation bills were
disposed OF at the present session He
would vote that the amendment OF the
Committee on Appropriations. In accord
ance with Senate precedents, was in
order.
MIR. Voorhees, chairman Of the Finance
Committee. said he held now. as he did
when the repeal bill was under discus
sion. that the Secretary OF the Treasury
ttxy hxs
law TO issue bonds or other public secu-
rifles. with the proceeds Of which to
meet current expenses in the event OF a
failure Of sufficient revenue from other
sources
AMENDMENT WITHDRAWN.
After further discussion Mr.. German.
the author OF the amendment. rose TO
withdraw H. and said: THE members
Of the Committee on Appropriations were
aware of the fact that attempts made In
both branches TO dispose OF this financial
question have all resulted I'm nc legisla-
ton whatever. Having been compelled
to ascertain az best We could the exact
condition OF the Treasury. and having
taken into account the appropriations OF
this session, we believe n to be our high
est duty 10 give the Senate the
to determine whether addi-
tional powers should be given TO the Sec
rotary OF the Treasury 10 meet the def
cheney IL is evident. from the course OF
the debate to-day. and from the re-
marks that have been made by senators
on this side OF the chamber. and who. |
take Il. spoke after consultation elsewhere.
that that Is not desired. We are con-
fronted hy the statement by the dlstin-
s,uished chairman OF the Finance Commit
tee (Mr Voorhees,. whose judgment is
that additional provision for the Trea-
sury is not necessary Statements have
been made by other senators that they
viii persist in discussing the entire finan-
cial programme, which discussion might
not end before the ith OF March. With
the sudden conversions which appear TO
have taken placc-as sudden as those we
read Of IN sacred history. and which
amaze some OF us on this side of the
chamber-wc have lost the active sup
port OF these gentlemen and are left to
deal with the question alone. All this
makes IL necessary that we look the facts
plainly In the face. Beyond this bill
stands the executive appropriation bill,
the naval appropriation bill and the gen
eral deficiency bill. In view Of the deter
Of senators on both sides. and
with view TO facilitate the business OF
the session. | am instructed by the Com
mittec on Appropriations-noi changing
our Views-to withdraw it.
Mr.. Allison said that he concurred in
the action OF the Senator from Mary
land.
The German amendment was thereupon
withdrawn.
MILLS AMENDMENT.
Mr.. Mills offered an amendment repeal |
ng all laws that authorize the Secretary
Il the Treasury 10 sell United States |
,onds for any purpose whatever. \ point |
4 order was made by Mr.. Aldrlch. and |
vas sustainad by the Nice-President, so |
hat Mr.. Mnls's amendment was excluded. |
ir. Mills admitted that the ruling of the |
hair was correct. but said the time would /
ONE and before long, when the question |
would be present d in such a way that |
would not 20 out on point of order
Several small amendments were made:
.ppropriating $4,000 for a public building
I Meridian. Miss. limit OF cost $4,000;
roviGng for the appointment of COM
ilttee Of nine on any international con-
sr nee for bmetlllism (Mr. Wolcotts
roposi,lon. as reported from the Finance
ommittee): providing for a board of en-
ineers TO examine as TO the feasibility
nd cost OF the Nicaragua canal by the