The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-02-08
A Financial PLAN FAILS
Administration Bond Scheme
Killed.
Hawaii viii Probably Get the
Cable.
The Foreign Relations Committee al
Favorable to the Scheme Debate
on the Bond Issue.

WASHINGTON, Feb. THE last hope
OF financial legislation for the relief of
tie treasury at the present session OF
this congress went by the board
when the house by vote of 1874 to l61
rejected the administration bill to sn-
thorize an issue OF 5000 900 Of bonds.
The bill was beaten before it reached its
last preliminary stage. This result was
reached after three days OF speeches and
at times heated debate, and at the end
Of seven hours' session. From IL a.
m. till 3 80 p. m. today, when the bill
with the pending substitutes was re-
ported to the house from the committee
of the whole, Amendments were offered.
Many of them were designed 30 load
down the bill and the votes thereon
were in no sense test votes. The Bell
amendment. for instance, to make the
bonds payable in gold and silver, was
defeated by the decisive vote of rs to 106,
while the bill was defeated by 1874 to 16l.
Both the Reed and Cox substitu tes,
with the amendments thereto, were re-.
jected after the bill was reported to the
house.
The Reed substitute authorizing the
Issue OF coin bonds for the replenish-
ment of the gold reserve and indebted
ness to delray deficient revenues was
lost, 100 to 1877. 1t was q party vote,
save for the fact that seven Democrats
and Cannon of California voted for it.
When the question came up for the
third reading and engrossment of the
hi ox.5h0
Ii while the vote was being taken
which resulted in the refusal of the
house to order the third reading, the
interest centering in the vote on Mr..
Reed. He sat quietly in his seat during
the first call and did not answer to his
name, but ON the second call he voted
for the bill. As soon 90 the result WAS
announced, Mr.. Reed attempted
to make an explanation of the attis
tude of himself and those OF his
colleagues who had voted for the bill,
but objections were made. He after
wards explained, however, that he had
submitted q proposition (his own sub
stitute) which he considered would meet
Che situation. The Democrats had re-
jec.ed shis, and then he and many OF
his colleagues, although opposed 30 the
features OF the bill, had voted for 1t in
the hope that it would pass and be
amended in the senate. Mr.. Springer
then moved to reconsider the vote by
which the third reading was refused,
but this motion was laid on the table
1876 to 123-and the bill was killed, par.
lamentarily speaking. An analysis Of
the vote shows AZ Republicans and 81
De mocrata voted for the bill and SO Re-
puDlicans, 90 Democrats and PopulistI
voted against it.
The laying of cable TO Hawaii was
further discussed In the senate today
but no conclusion was reached, and the
item remains as a stumbling block tc
the diploma tic and consular appropria-
ion bill. The cable project has bee u
we'll nigh lost sight of in the wide range
of the Hawaiian debate. 1t ia expected
however, the cable item will be voted on
tomorrow, and from the tendencies
shown by the speeches, the belief pre-
walls that the item will be adopted. All
the Republican speeches have been
favorable to the cable. and it is believed
the entire Republican vote will be given
to the appropriation of $500, COO to begin
the work. Several Dem oorats, including
Messrs. White, Morgan and Blackburn
and other Democrats Of the foreign rels.
tions committee are favorable to the cable
plan, although some of the Democratic
senators oppose il as antagonistic to the
administration policy towards Hawaii