Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1895-01-31
FIFFY-THIRD CONGRESS.
WASHINGTON. Jan. 81.
SENATE.

| Trade OF the CITY OF New ON ldFoIlDS
the issue of FIVE hundred millions in
bonds was presented by Mr.. Hill, who
remarked that this petition was said o
| be signed without regard to party
/ Mr.. PETER said that he desired to in
troduce bill, but first he wished to
submit some remarks to the Senate.
Mr.. Harris said that the habit of ar
euing the merit of bills upon their IN
PRODUCTION was very vicious one. 1T
had sprung up for the last week or two
to an extent which almost co lsumed the
morning hour. Re objected to Mr..
PETERS request.
Mr.. PETER appealed TO Mr. Harris to
withdraw his objection, remarkiDg that
it would be "cruel', to prevent his adj
dressing the Senate briefly now, after
waiting SO long in the progress of the
discussion of the financial question
without saving word.
But as Mr.. Harris persisted in his ob
| lection, Mr. PETER contented himself
with introducing his bill now, anc
said that he expected to be heard upon
it tomorrow. It's title is providing
for special election to take the sense
of the people on several questions re-
lating to the financial policy of the
government"
The resolution heretofore offered by
Mr. Allen declaring that the Secretary
OF the Treasury should exercise his dis
creiion by redeeming all forms ofpaper
money in silver coin, whenever he is
satisfied that systematic attempt Is
being made to deplete the treasury of
gold coin, was laid before the Senate,
and Mr.. Allen proceeded to speak upon
it. He had prepared it, he said, not
because he had any hope of its being
agreed to, but in order to show that
"the present wretched and unsatisfac-
tory condition is due to the persistent
and dogmatic refusal of the Secretary
of the Treasury to execute the plain
provisions of the law The Presi-
dent. Mr.. Allen said, had urged Con-
gresS. in special message. 10 give au
thority to the Secretary of the Treas.
ury to issue bonds without limitation
or restraint, but, said he. there are no
circumstances under which l can be in
duced to give my vote in flvor of adj
ditional power TO issue bonds. 1t
might as well be understood low, as at
any other time, that the issue power Of
national banks is to be destroy
ed, and that the nation will pay
off its debts as rapidly as it
may, and thereafter, like q pru-
dent husbandman, remain ont OF debt.
He declared his belief that there was
an organized and systematic attempt on
the part of the national banks to over
throw the people. 1t was no wonder,
he said, that the Senator from Missouri
OR, Vest cried out yesterday in his
anguish against the interference of the
executive with the legislative depart
ment of the government. Mr.. Allen
went on to criticise Senator Sherman's
speech of yesterday. That Senator had
formerly been classed as bi-metallist;
but now he chose to desert silver and
to adopt gold as single standard: and
his only remedy was the issue OF inter
est bearing bonds, so as to make the
nation the sport and prey of the money
ed power.
Mr.. Sherman reminded Mr.. Allen
that he had suggested the alternative
plan of issuing certificates. TO De sold
by public subscription.
Mr.. Allen remarked that that was
=, distinction without difference"
There was time. he said, in the
history OF the country when the secre-
tary of the treasury was an important
cabinet officer. Only in recent days
rad he become mere clerk to register
tine will of some other man. The secre-
tary OF the treasury had ample power
now to coin the silver seigniorage (S55.-
0,000). Why did he not exercise his
power in behalf of the people? He had
also power to issue non-interest bearing
notes to the amount of $4,000, 900; and
by that means, prevent the issue of
bonds, and discharge the current obi
cations OF the nation.
The question being as to the adoption
of the resolution, Mr.. Allen demanded
the yeas and nays
Mr.. Aidrich moved its reference 10
the committee on finance, but before
action could be taken on that motion
Mr. German interviewed with mo-
t4oU W pAOCeto ~ INC CObSlIelatioH ".
the District OF Columbia appropriation
bill Then Mr. Chandler offered q res
olution as privileged question declar-
ing Senator Martin of Kansas not en-
titled to his seat. The Vice President
ruled that the resolution was rot one
of privilege; and it went over till
tomorrow. Mr.. Germans motion was
agreed to; but before the bill was begun
to be read motion was made by Mr.
Mcpherson, member of the fnanace
committee, to discharge that commit
tee from the further consideration OF
the bill heretofore introduced by Mr..
Sherman "to provide for a temporary
deficiency of revenue" so that the bill
might be taken up by the Senate. Oh
lection to the acceptance of the motion
was made by Mr.. Cockrell, and 50 the
Senate proceeded WITH the considera
ton OF the District of Columbia appro.
priation bill.
HOUSE.
The House met at II o'clock TODAY.
pursuant to the rule adopted yesterday.
Less than score of members were
present at that hour to greet with their
applause the temperance of Speaker
Crisp. who looked better for his ten
days rest. Prayer was offered by Dr..
Everett, republican from Massachu-
sets.