St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-24
SMITH Also nAs 4 BILL.
Two Currency Schemes in the
Senate-BurroWs Sworn In.

Two Currency Schemes in the
Senate-BurroWs Sworn In.
WASHINGTON, Jan. 23.-The treasury
emergency was the main theme before
the senate today, and for the time being
the Hawaiian question was laid aside.
Mr.. Jones (Dem., Ark and Mr.Smith
(Dem., n. -, each representing most
influential element in the majority OF
the senate, presented plans for meeting
the currency complications. The propo-
sltions differed widely, Mr.. Smiths
providing for temporary bono issue
pc nding an investigation by ''mOne-
tarY commission" composed of senators,
members of the house and civilians.
while hlr. Jones plan provides for il
bond issue and conditional restoration
of silver. The two senators urged their
respective measures in speeches, which
received close attention from a we'll
filed senate and crowded galleries.
MIR. Turpie concluded his speech
against the Nicaraguan canal bill. be-
coming bitterly personal at the close
against Mr.. Morgan, author Of the
bill and against the measure it.
self as the contamination Of
L
During the day Mr. Burrows, of Mich
igan, made his first appearance in the
senate since the Michigan legislature
promoted him 10 the upper brauh OF
congress.
Senator Smiths Currency Bill
provides that the president shall ap-
point four commissioners from civil life,
no more than Two of whom shall be
h.,-c y !,
The president of the senate shall ap-
point four senators. no more than two
or whom shall be members of the same
party. The speaker of the house is to
designate four members under the same
conditions. The senators and memb ers
chosen are to be members OF the Fifty
fourth congress. These are to be
known as the monetary commission"
1t is made the duty of the commission
TO take into consideration and investI-
gate thoroughly al the various questions
relating to the currency so far as may
be necessary 10 the establishment OF
ludlciOuS system or currency on per-
manent basis.
The commission is empowered 10 visit
different portions of the country ana
make TO congress final report OF the
results OF its investigations, together
deem to be to the best interests OF the
United States, not later than the second
Monday i'll December, 1885. The bill also
authorizes the issue of $500, 600, 900 OF
per cent bonds, redeemdbie i'll gold coin
at the expiration or ten years.
Mi. Stewart Pop followed Mr.Smith
with an argument against any commits
siOnS or other means OF avoiding direct
action on the currency. Mr.. Stewart
bad read all article from the Cincinnati
Enquirer addressed directly TO the sec
rotary of the treasury and arralguing
him for preferriug gold to silver.
Jones Defends His Bill.
Mr.. Jones addressed the senate briefly
concerning the currency Uill he had
submitted. MIR. Jones spoke of the con-
slant danger in the present plan of issu-
ing bonds which permitted the banks 10
force an issue. then to take gold from
the treasury in order to pay for the
bonds. and thus keep mp the constant
assault upon the gold reserve and the
constant necessity for bonds Il am
not beIieYer in bonds" declared Mi.
Jones, but l am willing TO submit to
bonds as Il matter of necessity as long
as there is coupled with it a sensible,
manly. honest recognition OF silver II
the feeling throughout the country in
favor of silver is properly recognized,
then | will agree to the issue of bonds,
and | will agree to it under 10 other
conditions" Mr.. Jones said it was his
conviction that the silver men would
make a grave mistake if they insisted
on the extreme limits of their hopes.
The failure of the silver element to
secure concerted action was evident as
soon as Mr.. Jones closed his remarks,
as Mr.. Stewart again took the floor 10
argue against the Jones bill. He con-
ceded the good motives Of the senator.
but urged that the bond provision was
surrender to the banks and the gold
power.
MIR. Burrows. accompanied by num-
Der of his old associates Of the house.
came in at this point, and on motion OF
his colleague (Mr. McMillan), Mr.. Bur
rows was sworn in as senator from
Michigan. Mr.. George stated that he
had expected to address further the
senate on the Hawaiian question, but
would present his remarks at a later
day.
The Nicaraguan Canal Bill
was then taken up. and Mr.. Turpie re-
Sumed his speech against the measure.
Mr.. 1urpie's remarks became very per
sonal at one point. and he arraIgned
Mr.. Morgan, who is in charge OF the
bill as chairman of the committee OH
foreign relations. Mr.. Turpie declared
that he had long cherished the illusion
that this Guardianship WAS of the loft
lest character: that it was untouched
and uudetiled by modern decisions and
commonplace aspirations. But this
illusion was dispelled, and this lofty
. craftsmanship had disappeared like
will-o'-the-wisp i'll the mires of the San
Juan. Mr.. Turpie proceeded to urge
that the proposed mortgage to be given
the company was diaphanOus and Il
mere pretense. The senator spoke Of
\ the canal company stock as watered,
aud that this whole project was "a COM
bination of fraud and water"
Mr.. Turpie heaped :nYective5 on the
''bubble" mortgage and 'snide" part
nership with the government, which lie
said was involved i'll the canal project.
There was an apostle surnamed Peter,
who had been canOniZed. But this
Nicaragua scheme, he declared, was an
attempt to canonize new st. Peter
''the Peter Funk Of legislation" 1t
was the glorifeation of the cheap Johns
of congressional work. At the close of
Mr.. Turpie's remarks the senate went
into executive session and then, at
O'clock, adjourned.
For Passport System.