Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-02-15
WANT NO GOLDBONDS
4 Third Attempt Of the Government
10 Secure Legislation
10 RELIEVE THE TREASURY
Falls by an Overwhelming Opposition
In tho llouse-A Lively
Debate.

WASHINGTON ID. O., Feb. H. The
third attempt by tho administration
ct this session 10 secure i0gislation
looking to the relief If the treasury
failed In tho House today when the
House by large majority (fouy.sevon)
refused to order to u thiru reading tho
resolution by which b, was proposed to
authorize the issue of sG5,OJO,0O Of 3
per cent gold bonds ~ substitute for
the 4 pei cent thirty year bonds sold
by Secretary Carlisle under the con.
tract with the Rluchild.Morgau syn.
dicato. The speeches ot Wilson, Reed,
Hopkins and Bryan were tho featutcs
of the debate. An Hunlyoia OF tlo vote
shows that sighty-uiuu Democrats aud
thirty.ou0 Republicans O4O IN ALL
voted In favor Of tne resolution anu
Hintty.oight Democrats, HiXty.twD
Republicans ami seven Populists tl6T
la ALL against.
As soon 40 the Journal had boon
read, Mt. Catching, from the rules
committee, reported the upeolnl order
under which thu House was 10 operate.
The special order was tdlptod.
Wilson, chairman VI the ways and
means committee, who opened she de.
bate, cautioned the House o. the very
outset that, unless the debate could be
restricted % the resolution from tic
ways anu means committee 10 the oN-
clusion OF all partissuship, it would Ou
impossible to vote iutelligently On the
question nj it, conclusion.
Wilson then pr0Ccudu 10 carefully
state tln case, covering the ground
travefHud by his report 20 the House
yesterday. He said there was no
dearth OF revenues In tho Treasury.
Today, no discovered there was an
available cash balance IN tho treasury
Of slB5 100000, a larger balance than
on June 30, 1899, by $4,000, 900 when
II wht n 80, 600, 900, inUludilg tho gold
reserve. To-Day, tne gold reserve stood
at g42,.l3.O0O.
Wilson reviewed the history OF the
gold reserve established 10 insure tho
resumption u specie payments. The
reserve had not been threatened until
the panic OF 1890, when In a single
month (Novomber) $4,000, 600 OF gold
had been Withdrawn. m the course Of
tue lau.u " 1890, the Si3,OJ1,OOJ Of
bank trust iuuds had Jcou passed 10
tho available asEpts " the treasury.
Since then bonds had been sold three
times 10 fuplonish the gold Ia tho treas.
ury--lwico within ak months. The
previous operations OF the treasury had
resulted, lao said, in tbs United States
exchanging It's own bonds for It's own
gold, aud now Secretary Carlisle had
done what Secretary Sherman did
time and timo again when ho was IT,
iundiug the public debt-he had pur-
chased gold In other markets than our
own.
Wilson admitted that large amount
OF gold received from the sale OF bonds
had been usod 10 meet deficiency In
thu revenues,
Il tho government continued 10
maintain It's traditional policy, the I
por cent bonds would DO virtually pay
able In gold because the government
was bound 10 maintain all ~ currency
on n parity. As the bonds will be paid
IN gold, II was tho sense VI the ways
anu means commitiop tlht there ought
not 10 DO any hesitation In making
these bonds payable Ia gold ana saving
10 the government the interest charges
amounting TO over Slb,OJOiUUO'
UI epp.se thla resolution" said Hop
kiua (ReH, 3. D) "becauso 1t win, m
my Judgment, destroy the cred it OF tho
Uuilud states. In the iulure u would
be necessary 10 put the word gold into
every bOni.
"The President pennod his message
not from any patriotic purposes but Tor
politics, d tor that alout' Ito want
ID b. throw tue responsibility on Con.
gTess Of making this loan negotiated
N.Ha NNa Iaa B.
Cox (Dem., Va. )-How docs u hap.
pen that by this contract THIS tyndl-
cate will have an option on iuIuIe
bond Issues by the government
Hopkins-Nobody but this syndi.
ratu anu the President can answer
thot. Loud RpplauBe.l
Hopkins Yielded to Cannon lRep.) Of
Illinois. Ito skeiched with Ditiug rsr-