Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-28
SENATE AND HOUSE.
Hill for BOld Payment in Gold or Silver
at Holders Option.
The New Yorker Referred tn NJ n
"1idc-Wniter PrcsuminG to Talk on
Einnrcc"-Bond Bill Vote To-
Day.

/ The financial question came 10 the 'front.'
in the Senate to-day in the form Of
joint resolution introduced by Mr.. Iiill.
OF New York, 70 the effect that all bonds
to be hereafter issued shall be made
payable in gold coin or in standard sill
yer dollars at the option Of the hold
ers: and that no bond containing such
an option shall bear higher rate Of in
terest than per cent.
Mr.. Hnl said that as measure Of
permanent relief il was reasonably clear
that all United States notes and Treasury
notes should be redeemed and then can
celled.
Mr.. Teller was wrought up 70 4 state
of indignation by Mr.. Hilrs proposition
and speech. and in his nvectlve against
the President the Secretary of the Trea-
sury. and the Treasury subordinates.
made contemptuous alusion 20 the
''tide-waiter who now assumes to speak
on the financial matter"
Everybody understood that II was the
New York Senator who was thus ignomi-
niousy referred TO, but when Mr. Hill
subsequently took up the offensive epi-
thet he was assured in the most posi-
tive manner by Mr.. Teller that he had
had no reference whatever to the Sena-
tor from New York. but had only meant
TO apply the epithet 90 such Treasury
subordinates as the Director Of the Mint
and the Assistant Treasurer at New
York.
Mir Hi apparently accepted the dis
vowal but avenged himself in some de-
gree by the intimation that the Drec-
tor Of the Mint was as competent 20
| speak on tho financial question as gen
tlemen who hailed from the wilds Of
Colorado
BUTLER TO THE FRONT
The joint resolution remains on the
Vice-President's table. TO be taken up
for further discussion, 10 connection
with substitute. offered by the new
. Popunst Senator from North Carolina.
. Mt Butler. 10 make the principal and
/ interest of all COin-bearlng bonds pay
able in the cheaper of the two metals.
a resolution for the acceptance 0f the
ram Katahdin was rs ported from the
Committee on Naval Affairs and adopted.
Mr. Burrows Repuhucanl. OF Michi-
gan. presented and had referred 10 the
Finance Committee a proposition TO take
certain articles from The free list and
to have rates Of duty imposed upon them.
IN harmony with the bill Just passed by
I the House.
He had originally proposed it as bill.
I
! Wepubiican) Of Ohio that the Senate
had no right 10 originate revenue
measure. h. put it in the form of an
amendment 70 the House bin.
/ Tie bin OF yesterday. "to temporarily
increase the revenue 20 meet the ex-
/ penses Of the government and 10 pro-
Z vide against detciency. was received
from the House read Q and second
time. and referred 20 o. nance Com
. mlttee
The House bin to make Palm Beach.
Fla. a sub-port Of entry and delivery
was. az the reques; OF Mr.. Call OF Flo
rida taken up and passed.
/ Pending the debate on Senator HIS
/ joint resolution. Mr.. Butler offered as "A
substitute for that resolution his own
proposition for the payment Of Treasury
notes and greenbacks IN either gold coin
or silver coin preferentially in the cheap
| er coirl
He also introduced constitutional
amendment in favor of an income-tax.
Both propositions were laid on the table
for the present
Mr. Quay offered a resolution calling on
the Secretary OF the Navy for q report
as 10 whether 10 is not desirable az this
/ time 20 contract Tor six battleships. in
stead Of two. and asked for its adoption.
Let 10 lie over Mr. German inter-
| posed. and it went over.
Mr. Lodge gave notice that be- would
/ on Monday next submit some remarks
on the subject u the Monroe doctrine.
The Senate here proceeded 20 the con-
| siderati0n Of executive business. and 40
2.W adjourned until Monday.
House of Representatives.
| In accordance with the decision OF the
! Committee on Ways and Means. reached
last Monday. Chairman Dineley reported
20 the House the bin 90 provide for the
/ restoration and protection of the gold
reserve by the sale OF per cent bonds,
and 20 authorize the issue Of certificates
o. indebtedness 20 meet deficiencies in
revenue But under the protests Of
large number Of Republican members.
the bin was amended hv the committee
at a meeting held this morning. and the
urogramme calling for vote on the
massage of the bili al o'clock to-day
,yas changed 20 as 90 give six hours ad-
dtional debate three tonight ana three
tomorrow. the vote 90 be- taken ar
O'Clock Saturday afternoon.
The resolution from the Committee on
Pules TO this effect was adopted by
vote Of 1876 10 l0l. after il had been an
,aeonized by Messrs. crisp. Bailey, ana
McMilin. the Republicans reiraining from
discussing it.
Tho debate on the bond bin was opened
hv Mr. Dingiey. who advocated its pas
sage i'm a speech Of nearly an hours du-
ration He said It's provisions would tend
to strengthen and protect the gold Zee
serve by making IL a fund for the re-
1er1utlon OF greenbacks only, and not
funi 20 BE- drawn upon Tor current eN-
Qenses.
The passage OF the bill was also advo-
Gated i'm the cours- Of the afternoon by
Mr.. GrosvenOr (Republcan). Of ONO, as
q patriotic duty. by MIR. Lacey depubh-
can, OF Ohio. and Mr Johnson ORfpuo-
ucan). Of North Dakota
II was opposed by Mr.. Turner Demo
J craft OF Georgia. who said the admins
tratlon wanted all the paper money re-
tired and II he had had an opportunity
10 DO SO he would have offered TO so
amend the bill. by Mr.. Patterson Demo
craD. Of Tennessee. who said the duty Of
Congress was TO restore confidence in
the currency OF the country, and by
Nessrs. Swanson Democrat. OF Virginia,
81 and wheeler Democrat. Of Alabama.
SENSATION.
The sensation Of the day came at a late
hour In the afternoon. when Mr. Johnson
penublicarl. OF California. voiced In an
imnassloned manner the opposition 10 the
measure in the ranks u the majority.
"a said it gave the .ie 10 every Kepubh-
r can speech and every Republican plat
. form and he pleaded with his political
{ associates 20 vote against u.
"a. was cheered by the Democrats and
many Republicans as he predicted the
Jefesf OF the first section Of the bill.
and declared that the only true relief
81 be found was In the free and unlimited
coinage Of silver.
D | p.fore the debate was entered upon.