The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1895-01-30
COngre ,sionaI Proceedings.

"WEDNESDAY, JANUARY 23.-In the senate,
MIR. Hale OF Maine gave notice of an amend
nj ,nt to the diplomatic and consular appro-
priation bill appropriating 100000 toward
the construction Of q telegraph cable be-
tween the United States and the Hawaiian
Islands and said that events showed that
the time had come when the United States
should have close, near and quick commu-
niCation with those islands. Mr.. Jones OF
Arkansas introduced and explained his bill
providing for the issue Of bonds coinage OF
silver, and other purposes. Mr.. Turpie Of
Indiana then resumed his speech against
the Nicaragua bill. - Mr.. Walker OF
Massachusetts, add ressed the house in sup.
port Of his bill to authorize the issue Of low
Understanding short-time bonds, as
means Of strengthening the president and
secretary OF the treasury in the present
| crisis
THURsDAY.-Mr. Allen of Nebrask IA, q
populist senator, introduced the following
| resolution in the senate: "Tbat 1t Is the
sense OF the senate that the revolutionary
having now become the established govern.
| ment OF the Hawaiian Islands, a wise and
enlightened foreign policy requires that
steps should be taken by this government
without unnecessary delay to annex those
islands to the United States as a part
thereof; and that in the meantime tn per-
sonal and property rights OF American citi-
zens in said Island, should be protected by
the presence OF sufficient naval force on
| ldWdlldu WbJbTb. Inc resolution OU6Teu
by Mr. Lodge OF Massachusetts, last Monday,
approving the dispatch of a ship of war to
| the Sandwich Islauds'and declaring that an
American man-of war should for the pres
emit be kept at Honolulu, and that imme-
diate steps should be taken to secure nos
session Of the Sandwich Islands by their an
nexation to the United States, having been
laid before the senate, Mr.. George OF Mis-
sissipoi took the floor and continued the
speech in opposition to the resolution begun
by him last Tuesday The Nicaragua bill
was again taken up and Mr.. White Of Cali
fornia spoke in its favor. Twenty-one pen
sion bills were passed, including senate
bills granting pensions of S75 month each
to The widows of Rear Admiral Carter,
Commodore Whiting and Major. General
Carroll Essex, at $50 a month each to the
widows of Lieutenant Commander Rhodes
OF the navy and Brigadier-General Vessel
OF the army. - The house committee on
election of president aud vicepresident re-
ported a joint resolution to the house
amending the constitution so as to provide
that the president shall not be eligible for a
second term.
FRIDAY.-The Nicaragua canal bill passed
the SO nate by a vote Of 81 to 81. A good
deal Of angry feeling was developed during
the thr 90 hours of fve-minute debate be.
tween the friends and enemies of the bill.
AT five P. M. the debate closed and the sen.
ate was brought to vote on the bill and
pending amendments. The result of the
first vote indicated a safe majority for the
bill. Several amendments were accepted
by Mr.. Morgan, who had charge Of the bill,
and were agreed to, as a matter of course.
The bill as passed provides that the capital
stock shall consist Of one million shares of
500 each The company is authorized to
issue three per cent bonds to the amount OF
seventy millions, which will be endorsed
and guaranteed by the treasury Of the
United States and shall be secured by first
all the NJ tho
pany. The interest on these bonds is to be
paid by the company as it falls due, and on
failure to do so is to be held to pay four
per cent interest to the United States. And
su ch default shall also bring with it the
right of foreclosure and sale. In considera-
ton Of the guarantee, the United States is
to receive seventy millions in stock of the
company; six millions of stock is to go
to the government of Nicaragua; one and
one half millions to the government OF
Costa RIGA, and the remaining twenty-five
and one.half millions is to 90 to extinguish
former issues Of stock and to the
construction Of. the canal. Ten of the
fifteen directors Of the company are to
be appointed by the president of the United
States with the advice and consent OF the
senate. The fate of this bill in the house is
problematical. - The sundry civil bill
passed the house. The total amount carried
by the bill as it passed was S39,037, 721 30, a
net increase of S497 900 over the amount as
| u6 Dulh VI VIC luCT6dSb WAS
due to the requirements of the new printing
bill.
SATURDAY.-Among the petitions pre-
sented to the senate was one by Mr.. Butler
of South Carolina from citizens of New bury
county in that state, alleging that frauds Of
the most disgraceful and fragrant character
were committed in the late election in
that state, and requesting that proper meas
ures be adopted by congress to inquire into
them and punish the parties guilty of them.
Referred to the committee on elections.
- In the house bill was passed pro-
viding new rules to govern the navigation
of interior harbors and rivers Of the United
States. The house went into committee of
the whole to consider the bill repeating that
provision in the tariff act imposing differ
entail duty of one-tenth OF cent on sugars,
molasses and syrups imported from a coun-
try which pays an export duty on those
articles. Mr.. Wilson argued in favor of its
passage.
MONDAY.-The message from the presi.
dent was read in both no lses Immediately
after the opening exercises. In it Mr..
Cleveland says the emergency is so threat
ening that he asks such prompt and effec-
tive action as will restore confidence and
avert business disaster. He refers to the
constant drain of gold, and says S500,000, 900
notes are outstanding for which gold may
be demanded. While he desires to see
silver recognized to such an extent as will
unwilling that gold should be entirely BAN
ished from the currency and finances. In
his opinion, the secretary OF the treasury
should bs authorized to issue bonds for the
purpose OF maintaining sufficient gold re-.
serve and for the redemption of legal tender
notes and treasury notes issued for the pur.
chase OF silver nder the law OF 1890 The
principal and interest OF these bonds should
be payable in gold; otherwise it might be
difficult to dispose of them, He suggests
that the denominations OF the bonds be $40
and $50 and their multiples the interest
not to exceed three per cent. He sees no
reason why the bonds should not be pay
able in fifty years, He recommends that
national bank notes under $40 be Cancelled
and that silver certificates exceeding $40
he replaced by smaller denominations,
Import du les should be paid in gold The
presi lent concludes by confessing his re-
luctance to issue bonds if the results will
be no better than the late issues, and ex-
presses his determination to leave nothing
undone which will improve the situation or
check the suspicion of disability to meet
all rational obligations.