Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-12-28
ALSO UP IN THE SENATE.
Bond Question Causes Lively Debate
Among the Senators.

AbNu tuttNptl NtsurtS u isiNtlS DtbuAt
Among the Senators.
Washington. Dec. elm the senate
today Mr., Burrows tRcp.. Mich) pre-
sented tariff bin. lilo explained that
under the Wilson bill many articles
were placed on the free list. The
house bill passed yesterday had raised
duties on articles alrs ndy ON the duti-
able list. but had not reached those
on the free list except In a few In
stances. The bill he now introduced
placed co per cent OF the duty under
the law OF 1880 on those articles placed
on the free list under the present law.
Mr.. Sherman QRep., Ohio suggested
that II was contrary to presidents for
II revenue bill to originate In the sem
ate. 1t could be considered only as un
amendment. not MS a hlll
Mr.. Burrows acct dinghy offered the
MEASURE as an q sentiment and II
was referred TO the .dnance committee.
The bond question made Its appear
ance. when Mr.. I'm IN. " introduced
the following resolution.
Resolved, That any bonds hereafter
Issued under the laws now In force
may, in the discretion OF the secretary
OF the treasury, be made payable In
gold coin OF the present standard
weight and hreness, or In STANDARD
silver dollars at the option OF the hold
ers OF such bonds, but no bond contain
ing such option shall bear u rate OF In
terest exceeding 8 per cent per annuin.
payable quarterly.
Mr.. Hill spoke In favor OF the resoiu-
tion at considerable length.
There was sharp colloquy between
MIR. Hill and MIR. Teller az to the pur-
pose OF the resolution. MIR. Hin sald
II simply sought to specify payments
t,,. Az lnnhfaA sNttr
ability to float bonds at less than per
cent,
"Who doubts III" asked Mr.. Teller
passionately. I'VE are told that n
banker has been invited to Washington
to tell us how to get out of this d.
lemma. This is only one of the bank
ers concerned In the disgraccful action
OF last year Is he one who doubts
our ability to float bonds at less thin
4 per cent?"
MIR Teller proceeded with much VI
gor, his warmth OF expression at tim ~
bringing forth ripples OF npplau Sc
from the galleries. lie repudlated tho
suggestion. he said. that our credit
was destroyed. The securities OF the
United statea are giit-edged In the
markets of the world. They are eaeerly
sought by financiers They have n vsr
been dlshonored or their dlahonor pro-
claimed excep, by this PRECEDENT of the
United States and these who represent
him in the United States senate. MIR.
Teller entered his solemn protest
this degradation OF our national
credit.
MIR. Hill. replying. said that attacks
on the secretary OF the treasury wcrc
for alleged offenses. when every score
tary during the last teen years hns
pursued the same policy. They had oil
protected the gold reserve. II this re-
serve was not protected the reserve
indirectly affected our national credit
He protested against this firing n
the air. this failure to answer dlrec,
and clear proposition with aaythir 4
more than attacks on oflicirls and with
assertions that the national credit was
belng assniled.
with the Glove Of Mr.. Hll's speech
the revolution was laii aside. A Joint
resolution was agreed 10 transfer
the territorial machinery OF the gov
eminent In Utah to the state uuthofi-
ties
At 2:25 the senate went into executive
session. At 2;40 the senate adjourned
until Monday.