Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-02-27

35,o43.
tinued Mr.. German, may know that this
proposed legislation is distasteful. But
that is nothing to me. 1 believe this legis-
lation Is necessary to protect the treasury
and the taxpayers" Mr.. German said he
was not alarmed as to the ultimate SUM-
tariff law. He declared that this legisla-
ton implied no criticism on the President.
none on the Secretary of the Treasury.
whom the Senator admired But 1t was the
imperative necessity of the hour.
Mr.. German closed with an eloquent ap-
peal not to paralyze the operations of the
government. the building of our navy, the
erection Of our public structures, by falling
to provide for all emergencies before the
adjournment of Congress.
MIR. Mills on the Bond Issues.
Mr.. Mills (rexas) followed with strong
criticism of the issuing Of bonds. He spoke
of the public adherence of q national debt.
It was Stacking posterity. The extinction
of cur debt was the pride Of the country
for years. until recently, when the issuing
Of bonds began. Mr.. Mills did not believe
the present law permitted the issue of
bonds. But there was a difference Of opin-
ion on the legality of those issues and the
bends appeared. Mr.. Mills turned his at
ter ton to the endless chain process by
" bich the greenbacks were redeemed in
gold. reissued and again redeemed in gold
ever and over. Thus we were riveting the
endless chain Of fiscal slavery on our chill
dren and our children's children.
Mr.. Mills. in conclusion, declared with
great emphasis that if this amendment
was ruled out of order Gas it should be), he
would offer ap amendment to repeal all
laws giving the Secretary of the Treasury
authority to issue bonds without direct and
specific act of Congress.
Mr.. .xllison's Warming.
Mr.. Allison iowa. who followed. began
by warning the Senate that the moments
were flying and that unless the sundry
civil bill were disposed of today and other
hills in the asxt two days, the responsible
ity of an extra session would rest on Con-
gress. Proceedings he said that he favored
the amendment in the committee on appro-
priations because he believed the Secretary
or the Treasury should have the authority
1t conferred rAsato the point of order, it
would not hold-an amendment similar in
eject and more fdrastic in its provisions
having been ruled in order and placed on
ehe sundry civil bill two years ago.
Speaking to- the merits of. the proposition
to issue certificates of Indebtedness to meet
current expenses. Mr.. Allison severely criti-
cised the Secretary of the Treasury for u.s.
ing the proceeds of the two bond issues
sold under. the law for another purpose, to
meet current expenses. Unless some such
provision were made to meet current de-
fc;encies Of there be any the Secretary
of the Treasury would mortgage the future
and continue to sell thirty-year bonds to
meet those deficiencies.
Mr.. HiIFs Question.
Even If such temporary expedient is
| adopted" interrupted Mr.. Hill, will not
the questi.n of the redemption of the
greenbacks remain?'
Certainly" replied Mr.. Allison
Then Is it not our duty to address our
selves to that subject?" asked Mr.. Hill.
Mr.. Allison parted this question by
simply calling Mr.. Hills attention to the
absolute futility of attempting any real
remedial financial legislation at this late
hour in the session. The lack of time
makes some such temporary specific
necessary. said he. Every government in
the world, except ours. he said, every state
in the Union, and almost every. municipal
fty had the power to borrow money in
some such manner to meet temporary de-
fciencies in their excheQuers
If permanent remedial legislation was i'm
possible now on account of the widely di-
vergent views of Senators why not all
unite to give the Secretary of the Treasury
authority to issue certificates of indebted
ness to tide over the present crisis and
thus avoid the necessity for issue of more
thfrty-year bonds.
Mr.. Voorhees, Against the Amendment.
Mr.. Voorhees,, chairman Of the finance
committee, then addressed the Senate with
a prepared speech upon the amendment.
He denied that the credit Of the govern
ment was threatened anywhere in the
world. That was shown by the quotation
of our bonds abroad. In every money CEN
ter, in every usUrious shop, the financial
credit of the United States had not suf-
fered during the bank-made panic of the
last two years.
Mr.. Sherman then addressed the Senate
The Amendment to BE Withdrawn.
It has been arranged that the certificate
amendment in the sundry civil bill shall be
withdrawn. Senator Teller will follow SEN
ator Hill and will make a point of order
against the amendment, whereupon it is
understood, its friends will withdraw it.
THE HOUSE.
The House met at IL o'clock today. The
Speaker laid before the House the Presi-
dents veto of the bill to pension Eunice
Putnam.
Mr.. Cockrell CTexas) moved concurrence
in the Senate amendment to the joint res
olution prohibiting the importation of
goods in bohd from the United States
through the, free zone of Mexico. Mr..