Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-30
Iy helpless We are equally divided. We
can reach no agreement. We are not able
to report unless the concession is made to
free silver"

ly helpless. We are equally divided. We
can reach no agreement. We are not able
to report unless the concession is made to
free silver
Cause of the Gold Depletion.
The force which Mr.. Sherman put into
the helplessness of the finance committee
created a noticeable Impression on Sena-
tors and spectators. The Senator spoke of
the depletion Of the gold reserve. The
President had not stated this and its at
tendant facts with his usual frankness.
The real reason for the drain was that the
administration, urged on by Its necessities
resulting from congressional action. had
trenched on the United States notes to
meet the ordinary expenses of the govern
ment. That was the source Of the trouble.
But it was trouble which could readily
he met. An issue of bonds Of such form
and denomination as to be absorbed by the
people instead of the banks would end the
difficulty. The people had plenty of money.
They now had sixteen hundred million dol
lars in small savings in the savings banks.
Give the plain people, the laboring people,
chance to meet this so-called emergency,
and they would supply the deficiency in
two days.
He asserted that the government was
bound by every sacred obligation not to
rob the reserve fund. He believed that
every member of the Senate would be
willing to supply sufficient revenue to meet
the deficiency, and he declared that all
that was wanted to restore prosperity was
confidence. He begged the Senate to un-
lock the doors of the finance committee
and endeavor to agree upon measure Of
relief without the Intervention Of the COM
mittee.
Mr. Stewart (Nev) declared that no real
emergency existed, and all the trouble that
had arisen was due to administration dis
elimination in favor Of gold against silver.
Mr.. Hill ON the Senate's Duty.
Mr. Hill IN w said the first duty of the
Senate was to ascertain what was wanted
by the administration. With that purpose
in view. and in order that Congress could
stand fairly before the country and the ad-
ministration could deal fairly with Con-
resolution directing the Secretary of the
Treasury to inform the Senate whether it
is necessary desirable that legislation
should he had authorizing the issuing of
bonds, treasury notes or other securities to
realize money for the purpose Of paying
current deficiencies in the revenues, and If
so. the nature and substantial details of
such legislation.
considered Immediately, but Mr.. Allen
(Neb.) objected, and the resolution went
over until tomorrow.
This ended the financial discussion for the
time, and the Senate began the considera-
ton of routine business
A bill was passed providing an American
register to the barkentine jas. S. Hamlin
Mr.. George (Miss) offered resolution,
which went to the rules committee. that
the Senate sessions begin at IL g. m. on and
after Friday next, in order to expedite the
passage of the bankruptcy bin
The credentials of Mr.. Woleott (Col) for
the term beginning March 4 next were
presented.
The Senate then, at O'Clock. went into
executive session for the consideration of
the Japanese treaty.