The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-28

Of congress after he had heen rehuket by
congress. Yet Democrats said there vas 10
lsrgS az money "A the treasury He ques-
TONED the suth7r4ty of the pyesissnt 10
make the bond issues OF the past year. and
attacked the arrangement with the Morgan
syndicate. but be was willing 70 vote FOR
the hlU to save the administration from
bankruptcy ard disgrace. heCaDse behind
tN1t a8nnlnistrati5n stood his country.
Patterson. Dem. attributed the 'iaan-
elal disaster that had overwhelmed the
country 10 the xant OF eonfence IN a
currency system which carried Soo1t0 90
of silver and s5ts eooo9 OF gresnbacks on
the basis OF a gold reserve of sloo AoQ. 0oa
A single declaration of congress that Il
Intended, 10 sustain inviolate the gOli
standard % value woaid do more than
ANYTHING else 70 restore confidence.
johnson OF California was the first Re-
publican 10 oppose the bill His FIRST sen
tence created mild sensation. As n
Republican" he began. II want 70 give
some reasons Why all my colleagues
should oupose this most iniquitous b.ll
I believe in the undying hostility OF the
Republican party 20 any ISSUE OF bonds
in time of peace and ! do not propose
that Ne shall give the lie 20 everything
We said before the election. and I. for
one. can never coudoue what ] regard as
an error both of heart and head and
action of last year" Yesterday. he
proceeded. irupetuously. against my be-
lief. against my judgment ants under pro-
test. 7 voted FOR "a revenue tariff. ! be-
Wave the verdict of fs2t vas for the pass
age ~ a protection tarin act and that
We should restore the Mckinley bill and
Eiu Mckinley"
After some further remarks by John
son. Rep y D.. Ga favor Of The bin. AMI
by Wheeler Dem, against H. the house
at o'clock took a recess until O'Clock
Wheeler. Dem, Ala, who had the floor
when the recess was taken. resumed the
thread OF his argument against the gold
standard. and Terry. Dem. Ark. and Tn
derwpod Dem. followed with a similar
argument AIR wellington. Rep Md.
spoke IN favor ~ the bin. Wilson. Rep
Idaho. gave his reasons for refusing 20 act
with his Republican associates The
strongest and best reason was that its
sponsor Was President Cleveland. Dan
lei Rep. advocated the bin.
Bowers, Rep. Cal. like his colleague
Johnson. opposed The measure. 1t was
based. ne said on the demand Of the stock
gamblers of Wall street II was. stripped
of an ycrbiage, plain proposition 10 issue
bonds. destroy the gTeenbacks and con-
tract the currency sS46,00040, The bill
ought 20 De entitled "A bill 10 retire Re
publican senators and representatives. In
Northway. Rep. O. asked Why the Dem
ocrats who were now opposing the bond
issues had not repealed the authority to
issue bonds in the last congress. They
were then In power and sat supinsly by
while their president issued $l62, 900 OF
bonds.
Henderson. Rep. offered FIVE reasons for
bis support OF the bill First. the bin does
not require a bond Issue: second. II bonds
were ISSUED the rate Of interest would
be reduced: third. the bonds would be
distributed among our own people. and
not left IN the hands OF foreign holders.
fourth. II ala not retire the greenhacks,
but empowered the secretary OF the treas
ury 10 keep them out Of the possession Of
specHators when necessary. and nth.
II certainly prevented the administration
from selling bonds to meet the current
deficiencies.
Shafroth. Rep. Col, concluded the de-
bate with brief speech agains, the bill.
after which. al 20 D. m. the house ad-
journed until tomrrow.