Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1895-12-28
FIFTY FOURTH CONGRESS.

FIFII-fUUkIH UUNUhEOO.
WASHINGTON, Dec. %.
SENATE.
The Senate was not in session to-day.
HOUSE.
After the reading of the journal to-
day the discussion of the bond bill was
resumed in the House, the discussion
to close at three o'clock. The first
speaker was Mr.. Brosius. The gold re-
serve, he said, must be maintained, ard
the revenues to meet the expenses OF
the government must be procured.
There was sufficient power, he said,
now existing in the statutes to autht r
izs the officers of the government to
borrow money, but it was not suitable
method. In his opinion it was not
proper that the Treasury should be
farmed out to a foreign country; it was
not proper that there should be EN-
ployed the sleuth hounds of q combined
foreign and domestic syndicate to hunt
up the gold that the government needs.
It should be obtained through loans
properly and openly made by our own
people. France found no trouble in
handling her enormous debt, because
it was largely held by, the citizens OF
that republic, and the United States
could have the same experience if it
would deal with its own people.
Mr.. Parker said the House was call
ed upon to answer yes or no to two SIM
ple questions: 1. Shall we provide
revenue to meet the expenditures OF
the government; who could say mo-
TO that? he asked. 2. Shall we lower
the rate OF interest oD bonds, the issue
of which was authorized by the act OF
1875, and open the books for their sub
scription to the people of the United
States? What need of amendment 10
these two simple questions? They
would only tend to confuse the efforts
making to afford direct relief to the ne
cessities of the government.
Similar support to the bill was given
by Mr.. Stewart.
Mr.. McLaurin said he should oppose
the bill because it would not only in.
crease the burdens of the treasury but
legalize series of improper and un.
founded assumptions by the Secretary
of the Treasury.
Mr.. Cannon said: Ever since the
democratic administration came into
power there had been deficiency
distress, idleness, poverty and panic.
Cleveland came to Congress and
.sked relief. The republican House,
he only republican branch Of
government in existence to-
day, Iatriotically foregoing its
personal interests and desires, responds
| t. the appeal in the measures reported
| from the committee ON ways and
means. What are you democrats do
.ng? You offer nothing. The repub
'ican House being the doctors, propose
remedy which in their opinion,
will reach the root of the disease. You
democrats do nothing but criticise and
object. God Almighty never made such
a ;et of men, so ready and willing to teal
down and criticise, without the power
to build up.n Qaughter).
The proposition to lower the rate OF
interest, Mr.. Cannon said, the demo-
crats could have had at the last session,
nut they voted solidly against it. "And
you will vote against it solidly to-day.
You free silver coinage 16 to 1 demo-
Gratis because you want to impair the
value of the currency, and you cuckoo
democrats because the President has
sc 1t down his orders for you to
| vote against it. If the Senate and Pies.
| ident shall pass this bill, we'll and good;
if they shall not, the House of Rep
r. sentatives will have done what
it believes to be the best thing
10 restore the credit of the
country and a prophecy of what we
shall do when we come into full power
in the government in 1897" applause
Mr.. Bartlett opposed the bill, be said,
because in his opinion it would tend to
spread still further distrust instead OF
confidence in the fiscal system of the
country. He criticised the republicans
for not giving the President and Secre-
tary of the Treasury the relief they had
asked.
Mr.. Tawney read from the Presi-
dents message requesting Congress 20
do something to sustain the credit {
the government. 1t was then well
understood by all, including the
President, he said, that gold
bond bill could not by any possibility
be passed through this House or
through the other branch of Congress.
And yet now it appeared that the
administration was of the opinion that
bill to sell gold bonds is the only
possible form of relief. "Why, why ?"
asked Mr.. TawneY," because they
have already arranged to sell another
issue of one hundred millions of bonds
to syndic ,te who want that form o.
obligation"
After further debate the bond bill
was passed by vote of 1859 to 136, all
the Virginia democrats voting no, and
Mr.. Walker, republican, voting aye.
The Expected Loan.
NEW YORK. Dec. 2s.-while nothing of an
official character can be obtained the indica-
tions are that the local bankers, including