Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-12-29
VOTE OF ITO TO 1856.
Only Three Hours OF Debate Was
Had on the bond Biii Dur
Ing the Day
Republicans Claim the NH Was In
Answerto the Presidents Mes
sage with Variations

washington, zee. h.-Mnen inc
house convened today but three hours
remained FOR debate on the bond bill
The vote by the term OF the rule, un-
der which the house was operating,
was TO be taken at O'clock, and was
large. Mr. Brosius tRep., Pa opened
the debate In favor OF the bin.
This was the only country on the
globe. he said, where gold redemption
had neither qualification nor lmlta-
ton, and where the treasury was with
out the power to resist tho incurslons
OF foreign gold grabbers Tho revenue
deficit was the chief SINNER OF come
ny or errors which had produced the
present trouble. II was not suitable
10 the dignity OF the government To
employ the sleuth hounds OF foreign
syndieates to hunt down gold. the
people OF this country should have the
hrst opportunity to help the TREASURY
out OF the trough OF the financial sea.
ne declared that there was no politics
In the bill.
Mr.. Parker Rep.. N. ~ favored
Ihe plll as a good measure.
Mr.. McLaurin Dem, s. CO. opposed
u because II would increase the bur,
den OF a people already tax ridden, ana
would tend to legalize series oi uSur-
pations OF power by tho secretary OF
the treasury.
MIR. Cannon ORep., MI In support OF
the measure declared that It was n
bill to maintain specie paymrrls which
had peen resumed under the wise di-
rection OF the Republican party IN
1879. For thirteen years following the
resumption. the revenues had always
exceeded the expenditures Twelve
nail ~ l0ata Var.ar
ing debt had been discharged. Since
Mr.. Clcveland'B election In 1899. dohol-
ency, distress, ldleness and panic had
followed. Instead Of paying 100000
600 n year. ON the public debt, the
Democrats had borrowed slG2. 900
They could critlcise, but they could
not build UP the reserve. Republican
npplauHe.)
Mr.. Bartlett mem.. ". " an.
nounced his opposition to the passage
of the pending bill. Instead OF
I strengthening the credit OF the gov
eminent, II would lead 20 further panic
and he avowed that he was for the
maintenance OF the gold standard un.
I'll the pow ers OF the world agreed IL
the coinage of silver
Mr., Tawney uRep,. Minn), member
OF the ways and means committee, IN
support OF the bill called attention "a
the presidents urgent appeal to con
grcss TO do something before ad.
tournament
Mr.. Bailey Dem. Tes) In outlining
the attitude OF the silver Democrats
said that they had desired TO offer ~
a substitute for the bill a measure thni
/ would In his opinion render the further
sale Of bonds unnecessary. As plain
business proposition the treasury
should coin the silver Seignioragc. That
would furnish the treasury S53.00OOOl
OF additional assets. He urged that
/ the bullion In the treasury might safe
iy be coined without disturbing tho
! parity between silver and gold. The
| advocates of the gold stan D ID would
| ultimately force the retirement OF pa.
| per unless It's redemption IN silver
could be brought about. Under the
! present policy the danger always ex'
] listed that the financial Institutions
| might combine 10 coerce the treasury
| Successive gold Withdrawals and bond
issues might be forced until tho pub
lie debt was Increased indefinitely.
MIR. Marsh fRep.. ND arose TO give
his reasons for refusing his support %
| the bill, but before he had Finished his
| preliminary remarks the gavel ~ tho
speaker tell and the house remained
unenlPhtened.
Mr.. burton Rep., MOI and Mr.. Con.
| molly 1tep., IliD, who had been counted
on az opponents OF tho bill. gave their
support to II In brief speeches.
Mr.. Hopkins Rep.. III In support OF
| the bill argued that there was no ne
| cessity for the Issue OF gold bonds.
| Time and the treasury's experience
| with the last bond isgue demonstrated
| this. The bonds sold were also returned
| TO this country. There was ample gold
here to supply the needs OF the coun-
Mr., Payne uep., N. " called at
| tention 10 the fact that tho adj
| ministration was already preparing 10
Issue yi00000.0o0 OF thirty years Z PER
| cent. bonds This was the emergency
that the bill met by reduction OF the
| interest.
The presidents meesage. interrupted
| Mr.. Linney tRep. N c.. Gays that the
1855 10000 OF silver certificates Issued
against bullion purchased under tho
act Of 1890 constituted gold obligations.
| Why did not the ways and means COM
| mitfec provide for the coinage Of bull
lion and he redemption OF these notes
IN silver? Democratic applaube) The
secretary now has authority 10 redeem
| the Sherman notes. replied Mr.. Payne.
but one thing at n time" continued
Mr.. Payne. this bill propoees to give
| the government the power 10 redeem
It's obligations In gold" Wepubilcan
lie argued that the purpose OF the
| administration was 10 sell the bonds 10
| thr Morgan syndicate az an exorbi-
| tant rate OF interest and throw the re-
/ spOnsibiiity on a Republican conFreSr.
Mr.. Russell Rep.. Conn., supported
| the bill briefly. and Mr., Crisp CDem..
| Cal then closed for the Democratic
! side. He said he would endesvor to