Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1895-02-22
THE VOTE WAS MIXED
CIevelands Financial Policy Not
Universally Liked.
A HARD QUESTION ASKED
The Bond she Proposition Refused "a
Third X ,adirg In the Low
uou,e.

Washington, Feb. 14-As soon as the
journal had been read, Mr.. Catchings.
from the rules committee. reported the
special order under which the house
was to operate 1t was as follows:
Resolved, that Immediately upon the
adoption of this rule the house shall
proceed in committee of the whole to
the consideration of the bond resolution
and al 3 o'clock the previous question
shall be considered as ordered on the
said resolution, and then, without in
tervening motions votes shall be taken
thereon, until the same shall have been
fully disposed Of
Mr.. Catchings promptly demanded
the previous question, which was or
dered, Sc to II. The vote then required
, upon the adoption of the order. 1t re-
suited Sc to II.
Mr. Simpson made the point of mo
quorum Mr.. Simpson and Mr.. Catch
ngs, as "tellers,' took their places and
for over half an hour waited patiently
for the belated arrivals to make up the
coveted quorum.
At II 80, when Mr.. Catchings reported
a quorum, the vote had resulted 1852 to
! 2S, in favor of the special order. Be
! fore the debate began the speaker an
nounced that he would recognize two
members of the committee on ways anc
means, Messrs Wilson and Reid. in the
affirmative, and Messrs. Hopkins of Ill
| inois, of Bryan of Nebraska. in the mega
| tive, to control the four hours of tim.
! allotted for debate, the remaining houI
to be given to debate under the five
| minute rule
WILSON OPENED.
Mr.. Wilson, chairman of the ways anC
means committee. who opened the de
bate, cautioned the house at the Yer.
outset that unless the debate could b.
restricted TIC the resolution from TIL
ways and means committee, to the eX
clusion of all partisanship, it would b
impossible to vote intelligently on tn
question at it's conclusion. Mr.. Wilson
then proceeded to carefully state tn
case, covering the ground traversed b.
his report to the house yesterday II
said there was no dearth of revenue
in the treasury. Today he discovere
that there was an available cash bal
ance in the treasury of $165, 600. 900,
larger balance than on June 80, 1879.
including the gold reserve. Today tn
gold reserve stood at $42,213,000. M
Wilson reviewed the history of the gol
revenue established to insure the RI
sumption of specie payments. The II
serve had not been threatened unit
the panic of 1890, when in single mont
(November), $24, 900, 900 of gold had bee
withdrawn. In the course of the pan
of 1890, the $53000,000 of bank tru
funds had been passed to the availab
assets of the treasury. Since then bono
had been sold three times to replenis
the gold in the treasury, twice with
} six months The previous operations
the treasury had resulted, he said,
/. the United States exchanging its oN
bonds for its own gold and now Seer
tary Carlisle had done what Secretai
sherman did time and again when
was refunding the public debt-he HI
purchased gold in other markets tha
our own.
Mr.. Wilson contrasted the situate
of the treasury in 1882 with its situate
now in regard to the burden to be bor1
,. by the gold reserve. Then no greenbac
were being presented for redempto
and the reserve was only necessary I
practical purposes to support the OF
: standing silver. amounting to but $40
:. 900, 900. Today ii supported the emit
currency fabric, $500, 900 900 of outstan
ing legal tenders and treasury not
$500, 000, 600 of oyer-yalued silver, a
=, all the national bank notes outstan