The times. [volume] (Richmond, Va.) 1890-1903, 1895-02-01
Mr., GORMAN ON THE OUTLOOK
He Says He Believes the Senate Will
SolVe the Currency Problem.
FINANCIAL IMPORTATION WANTED.
Mr.. Hilrs Resolution Calling Upon tho
Treasury Adop ed With an Amend
ment by Senator German.

During the morning HouI tIicA' "N' 49,
cussion upon a resolution offered some
DAYS ago by Mr.. Allen pop: NeD)' as 10
the reasons why the United States notes
were not paid I'm silver coin, as the sec
rotary Of the Treasury has the discre-
tlonary power under the law to pay 'hein'
The resolution went over until to-motro"
without action. Then the District Oh "
lunb,a appropriation bill was brought UP
bv Mr. German. with the purpose as ne
afterwards avowed, of shutting OUT inc
financial topic. but the purpose laileu'
because the bill led TO a discussion ld'e
I'm the afternoon In which very lmpoI-
tant statements were made by MT A'ieh
and Mr.. German. the latter declaring Ms
ho,,of no might say his knowledge, that
n financial relief were proVided III ~
otber vay the Senate would, before MD
nirht on the 81 of March, place on an
annronriation bill provision that "ouh
save the country from Impending u'S's'ei'
40 that the honor and credit OF the GOV
ernment should be maintained, ana thdt
the country would stand before the worm
the foremost nation in the matter oil op-
serving obligations.
MR. HARKIsON's FXTRANAGANCt'
Mr. German said that in the last year OF
Mr.. Harrlson's administration the apprV-
priations exceeded by $40. ,OO,O0 the iuhu,
i'm the Treasury. and that bdLk. up'cy hdI
only been warded off Ly 10 tpJnlnY ron
time to time appropriations for pens ons,
for the navy. for public bui digs ana Ior
rivers and harbors. Pres dent Harmon
and his Secetary of the Treasury Lai not
hesitated TO say frankly TO senator's on
both sides OF the chamber, we are
reaching a point of Distress we nave
reached a point where We cannot meet
our obligations without the ala Oh Ooh-
gress." -..
And they had come to the Senate 10 get
that aid. But it was in me hlidst VI
presidential election, and noboy on eitIsr
side thought IL wise, proper or Iohtc' u
bring the question up, eX ept 10 stdee the
facts. lie AIr. Gorman) had then ANeh
the warning TO the Senate, ana TO the
country, that no matter Wnether the
Democratic party came INTO power VI
not there were but two things TO De o1he-
either to increase taxation or TO borio"
money bv the issue of bonds. The prtsl-
Dental election had passed over, and the
Democratic party had been swept INTO
power. Then it was, with greater
frankness than ever, the RepuDh a. fIe7-
ident and Secretary of the Tteasury u 8
gested to Democratic senatos to authCIHe
the issue OF $50Oy0,OoO IN bonds TO keep
the gold reserve intact Ana thele was
put on an appropriation bill a provision
for the issue of $j00OJ,O0O IN per cent
bonds.
CRISIS WHICH MIST 81 MET.
Mr. Aldrich: "Why did not that pro-
vision stay there?
Mr.. German: 1T was not agreed to
elsewhere" ~..,,
Nr. Aldrich: 'fWhy was it not agreed
to elseWherc?'
Mr. German: Another body was I'M
bued with the idea that the Government
could be run by reducing taxation. Inc
fact Is that the authority 10 issue ouAu'
was refused majority of Congress re-
fused to recognize the fact that the treas
ury was in a bad condition. Ana !eSlsla-
ton providing for revenue was Hdue,
which will be amply sufficient after lsJo'
But no provision has been made by CON
gress for this condition OF affairs, wh-ch
existed when they came into power. We
inherited IL. IL was an awful load. That
we have not met II frankly by making
temporary provision for taxes for THIS
year was misfortune. 1t has been met
IN part by the sale of one hundred million
of bonds producing SllS,W0OO0. Every dol
lar of that has been used 10 pay the cur
what small amount IS now in the Treas
ury. And the Treasury stands to-day with
appropriations made by Congress when
are demands upon IL TO the amount OF
over a hundred millions Of dollars more
than there Is money In the Treasury TO
meet II is a crisis. Ii is one that VIII
appeal 10 every patriot 1t must be met.
This Government Is able TO pay every
dollar OF its debt in the soundest money
L.. al. hot 10 o.,strf IL n
face the question as patriots and as Amer
lean senator's, and, before we leave here,
make provision for the Treasury
re IEvEs BILL WILL BE PASSED.
az believe that this Senate, which has
met every crisis In the history or the
Government; this Senate, which does not
take account OF the storms brewing OUT
side: this Senate, which has never yet
bowed to "A demagogue this Senate. whlch
Will maintain the credit of the Govern
ment no matter what IL costs, Will De
fore this Congress adjourns-if 1t does not
come from elsewhere. as 1t ought 10 do
place upon an appropriation Dill provision
enough to pay every honest obligation or
the Government that has been contracted,
and to keep the administration mo matter
which party II may be- in a position so
that the honor OF the Government and the
credit OF the Government shall be main
tanned, and we will continue to stand be-
fore the world the foremost nation In the
matter of observing obligations"
Mr.. German delivered these rapid sen
tences with great force and earneStness,
and his words were listened TO with the
greatest attention and interest.
Continuing. he said: Il care nothing
about these little details. | call IL de-
tails, though | ought not to use that word.
But in the present emergency, II is d
matter of detail whether the money be
silver or gold or greenbacks or national
bank notes, so long as the money is as
good as any money in the world II must
be supplied to this Government and / APP
peal 10 the members on the other side of
the chamber to come forward in this
crisis, for which they are as much re-
sponsble We are. The responsibility is
joint. 1t cannot be escaped by either
side 1t must be met by you (meaning
the Republican9 with us; and, before that
clock Cpointing 10 the clock over the main
door, points TO II on the night OF the
Sd of March next, | believe-I think I
know, | shall be the most deceived man
IN the world IL 1t be not so-this great
body will rise up In a way sufficient TO
meet the case and to save this country
from impending disaster, because OF want
of money in the Treasury"
INFORMATION FROM THE TREASURY.
AT this point Mr.. Hill suggested the
propriety OF having the infornA-,n from
the Treasury called for by the two reso-
lutions offered by himself and Mr.. AM
son.
Mr.. German professed his willingness TO
have the resolutions adopted, and they
were accordingly put TO the Senate