The record-union., 1895-02-01
Certainly. it is good platform" said


ing to get the money.
1.-The President is going to borrow it."
suggested Stewart.
Sherman (Rep.) Of Ohio said that the
district appropriations were exceptional,
being for the seat of the National Gov
ernment, and there should be no Mig
gardly action.
Allison (Rep.) of Iowa spoke of the
manner in which the Government was
running behind in its revenues; the first
duty OF Congress was to raise revenues as
well as to appropriate for necessary ex-
penses. Allison said that the tariff bill
had largely increased the free list, and
brought in foreign articles with lower
duties. There was, therefore, ample
means of increasing our revenues by
small increase in the tariff rates. This
should be done, instead of drawing from
the treasury the reserve to pay current
expenses. Allison said if surplus had
been maintained, the gold reserve would
not have intrenched upon the treasury
notes.
This brought on the financial discus
sion again.
German said that the gold reserve was
originally created to redeem greenbacks.
Up TO the time of the passing OF the Nc
kinley bin the Government had plenty
of gold, and the gold reserve was intact.
But the Mckinley law started a change,
and one year from the time Harrison re-
tired from the Presidency he was unable
to meet the demands on the treasury.
The bankruptcy OF the Government, be-
gan at that time. 1--WE have inherited
this load" continued German. "We are
carrying this tremendous burden"
The Senator declared that the crisis
was far graver than was known. He
hoped the real deficiency in the Treasury
would be disclosed in response to Senate
resolutions. 1t was time the country
knew it. He had hoped the officers
charged with the highest executive duties
would appreciate the gravity of the con-
ditions as to lack OF revenues and would
make them plain to Congress.
By this time German was speak ing
with great earnestness. In the present
grave emergency, he did not fear that the
Senate would be found inpotent. "It
will meet this great emergency" said he.
| If In no other way, 1t will place in an
appropriation by which every obligation
of this Government will be amply met,
and the honor of the Government be
maintained.' He did not care what the
details of this provision might be, but ne
appealed TO Republican Senators to join
in meeting the issue. 1t was their duty
as well as that OF the Democratic Sena-
| tors.
Hill was at once on his feet, asking
why the Senator from Maryland had not
allowed the financial resolutions to pass
earlier in the day.
German said he wanted them to pass,
and moved to lay aside the District ap-
| preparation bill and put the financial
| resolutions on their Immediate passage.
! The resolutions were accordingly
! brought forward, and agreed to within a
| few minutes without a word Of argu-
| ment.
! The first resolution proposed by Hill
calls on the Secretary OF the Treasury to
| inform the Senate il legislation is neces-
sary or desirable toward the issue of
! bonds to meet deficiencies in revenue,
and If so what the substantial features OF
this Legislation should be. This was
agreed to on viva voce vote, only Allen
voting nay.
Allison's resolution as to the amount of
| gold reserve for current expenses and
! the amount of proceeds from bonds SINH
| larly used was also agreed TO with an
amendment by MIR. German. The amend
ment is very comprehensive, and calls on
| the Secretary for details on every pos
slble detail OF revenue, reserve, de-
| nciency, assets, etc, that can shed light
on the financial situation.
| The amendment and resolutions were
adopted without dissent after Teller had
suggested that German ought to ask for
| information as to why the Democratic
President and the Democratic leaders IN
the Senate.could not agree on what the
! trouble was.
| The Senate, at $40 P. NJ, adjourned.
HOUSE PROCEEDINGS.
WAsHINGToN, Jan. 3I.-Speaker Crisp
called the House to order to-day.
Bills were presented as follows: To
adopt special rules for the navigation OF
| harbors, rivers and inland waters of the
United States, supplementary to the Act
to adopt regulations to prevent collisions
! al ,.r
Court in North Dakota; for the relief of
ID. +. Fulford; for the relief of the Glen
more Distilling Company of kentucky;
for the relief of the First State Bank of
| Mound City, Ill.
An attempt 10 pass bill for the detail
of fifty army officers to give military in
struction at high and normal schools
failed, whereupon, under the terms OF
the special order adopted yesterday, the
House went into Committee of the
| Whole and resumed the consideration OF
the Pacific Railroad bill.
Harris (Pop.) of Kansas completed the
remarks against the bill which he began
yesterday. His idea was that the prop
erty of the roads should be foreclosed and
sold; that the Government should en-
force its claims. By he expenditure of
10000, 600 the Government could acquire
the roads and then either lease or directly
operate them.
with strong speech in opposition to
the measure. He called particular atten-
| ton to the fact that the conspicuous
features of every legislative plan pro-
posed for the settlement of the Pacific
Railroad debt have been the abandon
ment of the proceedings begun against
| the officers and directors of these COM
panies under the Act OF 1873. He was
not opposed to Government ownership
of the roads, but he preferred to see his
substitute passed providing for an amend
1nent to the original Act, by which, in
case of the default of the roads, the COM
panies should forfeit their charters. He
was willing to see the Government pur-
chase the property 10 protect its inter
est, but only on condition that it should
be Immediately resold To private indi-
| yiduals.
"Do you mean to say the property is
worth as much as the Governments first
mortgage debt ?" asked Reilly,
II am inclined to think it is" replied
Boatner, "but if it is not, you can rest
assured these railroad people will never
discharge the debt if your bill is passed, -
Powers tRep.) of Montana argued in
favor of the passage Of the bull, which, he
said, would secure the payment to the
Government of SI4,O00,0OO. He de-
nounced the methods employed by the
opponents of the bill to compass it's de-
feat. The mail of members, he said, was
gorged with letters from certain persons
and certain sections who have grievances
against the roads or certain former off,
Gals OF the roads, who were correctly or
incorrectly supposed to have profited
enormously by their construction.
In response TO u question, Powers said
if the mortgage of the Government was
foreclosed the property would cost the
United States 100000, 900. and he ex-
pressed the opinion that the Government
4 !