The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-28

ances.
WASHINGTON. Dec. 27.-The Sen
ate vas enlivened today by spirited
and somewhat personal debate, in
| which Mr. Hill, of New York, and
Mr.. Teller. of Colorado, were the prin-
cipal figures. The New York sena-
tor precipitated consideration of the
bond question by offering a resolution
directing that future bond issues to
renew the gold reserve should bear d
provision that they would be payable
in gold or silver at the option of the
holder. In support of this Mr. Hill
read a speech setting forth the difficult
ties OF negotiating bonds under the
/ uncertainties of the present law
Mr. Teller's reply to Mr.. Hill was
cutting, sarcastic and personal He
protested against the efforts of the
president and of his tide waiers' 10
defame the credit of the United
States. He spoke of the recent visit
to Washington of great New York
banker as one of those who had par
ticipated in the "dishonorable or i'm
beetle bond transaction of last year
Keen Enjoyment.
The. galleries were crowded during
the debate. and the senators as we'll
as the spectators keenly enjoyed the
caustic tilt
his protest to that of Mr. Teller
against the defamation of our ma
tional credit. No final action on the
resolution was taken
Two tariff amendments made their
appearance, one by Mr.. Burrows and
another by Mr.. Quay.
a resolution was agreed to accept
ing the ram Katahdin, which recent
" failed to meet the speed require
ments. Also a. resolution for the for
NAL transfer of the Utah administra-
ton from the territorial TO the new
state authorities.
Senators Quay and Burrows gave
notice of amendments which they
propose to offer to the House tariff
bill when it shall reach the Senate
for consideration. Senator Quay's
resolution provides for a duty on
wrapper tobacco. making the duty on
unstemmed tobacco imported in bulk
81 per pound. and on stemmed to-
bacco $3.50 per pound.
Senator Burrows amendement pro-
NlueS lcl d uuty tQudi W OV per cSnI OI
the Mckinley law duties on a large
number of articles scheduled A, con-
corning chemicals. oils and paints; on
manufactured burr stone and grind
stones; on iron ores, cotton ties and
copper and manufactures of; on a large
number of agricultural products, in
Guiding fresh milk, yolks of eggs,
plarfts, fresh and salt fish: ON lemon
ane, sCdawater and ether similar wat
ao- L L..
Irvine and on feathers, paintings, stat
uary, hatters' plush, coffee and hides.
The Ram.
Mr.. Hale (Rep. Me) offered a resolu-
ton directing Une secretary of the navy
to accept the ram Katahdin and place
her On the naval rolls.
MI Petuisrew Rep. S. d. urged that
this proposition tended toward a bad
precedent. After some discussion Mr..
Pettigrew Withdrew the objection, but
Mr.. Allen pop. Neb.) renewed it, but
later withdrew and the resolution was
adopted
Nh. Quay (Rep. Pa.) briefly explained
the nature of a bill he introduced for
the duty on leaf tobacco.
The bill making Palm Beach. Fla,
a SUPPORT of entry and delivery was
passed.
thing more than a year ago, an army
wagon exploded in the
street was recalled by a bill offered by
Mr.. Cullom of Illinois, compromising
the families of those killed.
The bond question made it's appear
ance when Mr.. Hill of New York intro
duced the following resolutions
Resolved, That any bonds hereafter
issued under the laws now in force, |
h. Of flaA tor,
of the treasury be made payable in |
United States gold coin of the present
standard weight and fineness or in |
standard silver dollars at the option
of the holders of such bonds, but no |
bond containing such option shall bear |
a rate of interest exceeding 8 per cent |
per annum payable quarterly
The Only Relief.
Mr.. Hill spoke in favor of the reso-
luton at considerable length. He de-
tailed the serious condition of the |
treasury, which could only be relieved
by another bond issue. The secretary
Of the treasury was hampered under
the present law and should be given
the option of issuing gold or silver
bonds. An amendment to the present
aw, he believed imperative. Mr.. Hill
considered a popular bond issue under
he present statute impossible, but his
resolution would take away this OBJ
stacle. No tariff law, he said, would
the trouble. The executive
he claimed, had clearly
shown that tremendous expansion of
,ur paper circulation was the cause of
,ur critical condition. His resolution
vas a temporary remedy.
Mr.. Teller Rep.), of Colorado, pro-
pStad assertion do
~ the president of the United States
ind now repeated in the Senate that
he United States was bankrupt He
protested against the repeated asser-
ion that United States bonds could
lot be sold at a low rate of interest
lie specified the sales of bonds last
rear to show that coin bonds were
eadily sold.
I'm that transaction, which was an
everlasting disgrace showing the dis
honesty or imbecility of this admins
our bonds were eagerly
ought said Mr.. Teller.
Mr.. Hill said it simply sought to
pecify payments in gold, as good
nanciers doubted our ability to float
onds at less than per cent.
'Who doubts?" asked Mr. Teller,
assionately.
1--WE are told that a great banker
rom New York has recently been in
tied to Washington to tell us how to
ct out of this dilemma. This is only