The record-union., 1895-12-28
backs.

Iation in the Treasury of Green
backs.
WASHINGTON, Dec. 27.-Chairman
Dingley of the Ways and Means Com
mittee has received a letter from Secre-
tary Carlisle, which is private, but fur
nishes some information concerning the
condition of the treasury. Mr.. Dingley
says the Secretary offers to furnish the
House all data that may be needed.
The condition of the treasury is repre-
sented to be very serious and Mr.. Car
Isle urges legislation for gold bonds.
Dingley informed the Secretary that
gold bonds were out of the question
and could not be considered.
Secretary Carlisle did not say to Ding
ley that 3 per cent. bonds cannot be
fioated, and did not discuss this feature
of the case.
This denial is made because a report
to this effect concerning the Secretary S
letter was in circulation.
President Cleveland and his advisors,
it is learned, are strongly opposed to the
House bill, and this feeling caused Sec
retary Carlisle to write to Chairman
Dingley.
Aside from the very important objec-
tion that the bonds are to be redeemed
in coin instead of gold, as recommended
by the President, it is understood that
the requirement that the bonds are to
be sold by subscription meet with dis
approval.
The experience of the Government, it
is said, with sales by advertisement
shows the Intellectual character of this
means of protecting the gold reserve.
A conference was held between
Speaker Reed and the House managers
to-day, and the result was an agree
ment for a vote on the bond bill at 3
o'clock tomorrow, instead of o'clock
to-day. In the meantime, it is to be
open to debate.
A further arrangement was made that
the Ways and Means Committee, before
reporting the bill, will insert clause
showing it is not the purpose to retire
greenbacks. 1t was also arranged that
there would be separate voteS-one on
the proposition for fifty million bond
issue and another on an unlimited
issue.
These concessions were made to over
led last night to the appointment of a
committee of Republican members to
wait on Speaker Reed.
The rule brought in for the consider
alton Of the bond bill in the House was
adopted to-day-yeas 195, nays 101.
The Ways and Means Committee has
adopted an amendment to the bill sug-
gested by Mr. Hopkins of Illinois, to
prevent the accumulation in the treas
ury of greenbacks and their practical
retirement without cancellation.
The amendment provides that moth
ing in the Act shall be construed to re-
peal or modify the Act of 1878 for the
reissue of greenbacks when redeemed.
Another amendment was adopted
making bonds issued under the Act pay
able within fifteen years. The second
amendment had been suggested by Mr..
Lacy of Iowa. The amendments were
adopted by strict party vote, and the
bill reported to the House as amended.
Tarsney Oem) of Missouri offered
an amendment to repeal the Act of 1878
for reissuing greenbacks, but failed to
get any support.
HOUSE PROCEEDINGS.
WASHINGTON, Dec. 21.-Another
large crowd was present when the
House convened to hear the considera-
ton of the bond bill.
Daniels Rep) Of New York made a
unanimous report from the Committee
on Elections declaring Belknap (Rep)
entitled to the seat for which McGann
Dem) holds the certificate from the
Third District of Illinois. The report
was agreed to- and Belknap appeared
and took the oath of cffice.
Henderson Rep) of Iowa presented a
resolution from the Committee on Rules
providing for the discussion of the bond
bill until o'clock this afternoon. and
at evening session from 80 o'clock to
10 o'clock, and at 3 o'clock tomorrow a
vote on it's passage shall be taken.
Crisp led the opposition to this, and
in his remarks urged upon Republican
Representatives opposed to the bill to
make their objections valid by voting
against a rule which would deprive
them of the right of Offering any
amendment to the proposed measure
Bailey of Texas and McMillin of Ten
nesSee also spoke on the same lines as
Crisp
The Republicans offered no debate on
the resolution, and a vote by yeas and
nays was ordered at the conclusion of
McMillin's remarks. The result of the
vote was announced as yeas 195, nays
10l. SO the resolution was agreed to.
Speaker Reed announced that Croft
(Rep) of Illinois desired to be excused
from service on the Committee on
Minac a,o5 NIjDipU nd bo in, h; ,0lo 40
Hatch (Rep) of Indiana had been ap-
pointed.
The bond bill was then read by the
Clerk, and Dingley opened the debate
in advocacy of its passage. His open
ing remarks We're devoted to an expla-
nation of the provisions of the measure
The second section, authorizing the is
sue of SOC, 100000 of certificates of in
debtednesS, was an application of the
exchequer bill system to the operations
of the Government. These obligations
were to meet temporary deficiencies
only The proceeds of the bonds, au-
thorized in the first section, were to be
applied to the redemption of green
backs and the maintenance of the gold
reserve only. The only new form of OBJ
legation authorized by the bill, Dingley
said, was the ) per cent. five and fifteen
year bonds, a proposition in the interest
of economy. Without this legislation
the Secretary of the Treasury would of
necessity be compelled to issue either a
ten-year , per cent. bond or a thirty
year per cent. bond. As reasonable
business men, acting as they would in
reference to their own affairs, the
speaker could not see how the members
of the House should or could refuse to
pass the bill.