Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-02-28


OF SoO.OOo00O and they have been try
ing TO adhere to It ever since"
In taking up the question OF gold
payments Mr.. German said he was
something of a bookkeeper himself and
had gone through the financial items
with the old officers OF the trensury.
They all knew perfectly well that the
sovernment would always maintain Its
gold payments.
MIR. German was much diverted and
not a little irrltated at constant inter-
ruptions which led him away from
his line OF argument
Mr.. George said that the secretary
OF the treasury ought to know what
be wanted without having a guardian.
am not the guardian OF the sec
. ~" said Mr.. German, but am
%, here by state which has never
~ ted debt and they would not
~ here II l failed TO stand for
10 and integrity of our gov
u; ~ here interrupted to say
that g ent had said he had
"eomts y surplus"
Mr.. Va asked II there were no in
dlcatlons OF alarm as to a deficiency
Mr.. German concluded BY appealing
FOR action and not failing 10 provide
for all emergencies.
Mf. Mllls OF Texas spoke OF the pub
lie adherence OF a national debt
There was a sharp colloquy between
Mr. Hill and Mr.. Mills as the latter
discussed greenbacks
In the course of It Mr. Mills asked
poiEtedly; what kind of money do
you believe In any way?"
II believe, In the gold and silver OF
the constitution" responded Mr.. Hill
Il am not greenbacker now and never
hive been"
mot a greenbacker2" exclaimed Mr.
Mills derislvely. Then. addressing Mr.
Mills personally, when your great
men Of New York In 1865 sent HoratiO
Seymour to the national Democratic
convention It was on a platform OF
paying all public obligations in grenn-
backs. Where We're you then?''
There was Intense energy In Mr..
Mills query and the galleries broke
into laughter.
Read that platform. said MIR. Hin.
Mr.. Mills read the plank concerning
] greenbacks and then turned 10 MIR. HIN
/ with keen satire and added; "Oh,
| where was Roderick then? one blast
upon his horn was worth a thousand
men"
The senators were much amused and
| the galleries broke into laughter.
| "Of course you voted for Horatlo
Seymour" said Mr.. Mills again ad-
dressing Mr.. Hill.
The latter made no response and
Mr.. Gray said soto yoce: He was
too young"
Mr.. Mills, in conclusion, declared
with great emphasis that II this
amendment was ruled out OF order las
1t should bel would offer an amend
ment to repeal all laws giving the
secretary Of the treasury authority to
issue bonds without direct and specific
| act OF congress.
MIR. Allison Rep., Iowa., who follow
ed, warned the senate that the mo-
ments were flying; that unless the sun
dry civil bill was disposed OF today and
other bills in the next two days the
responsibility of an extra session would
rest on congress.
Proceeding, he said he had favored
the amendment of tho committee OF
appropriations because he believed thu
secretary of the treasury should havi
the authority 1t conferred years ago
Speaking as to the merits Of the propo
sition to Issue certificates of indebted
ness TO meet current expenses, Mr.. Al
lison severely criticised the secretary
Of the treasury for using the proceeds
of the bond issues sold under the law
for another purpose to meet current eN
penses
Unless some such provision is made
to meet current deficiencies Of there b,
any the secretary Of the treasury
would mortgage the future and con
tinue to sell thirty year bonds to NEE
these deficiencies
Even II such a temporary expedlen
is adopted" interrupted Mr., Hill, "wll
not the question Of the redemption o
the greenbacks remaln?"
Certainly" replied Mr.. Allison.
"Then is 1t not our duty to address
ourselves to this subject?' asked MIR
Hill.
Mr.. Allison PARTED this question b!
simply calling Mr.. Hills attention L
the absolute futility OF attempting an!
real remedial financial legislation a
this late hour Of the session. The lacl
of time makes some such temporar!
specific a necessity, said he. IF perma
nent remedial legislation was impossi
Bile now on account OF the widely al
versent views of the senators, wh
not all unite TO give the secretary o
the treasury authority to issue certih
Gates of indebtedness to tide over tn
present crisis. thus avoiding the ne
cessity for Issue Of more thirty yea
bonds
Mr.. Voorhees,. chairman OF the 4
nance committee, then addressed IN
]
the amendment. He denied that TN
credit of the government was threat
ened anywhere in the world. That wa
shown By the quotations OF our bono
abroad. In every money center
every place the financial credit OF IN
government had not suffered during IN
bank-madel panic Of the last two years
Whatever criticism the recent bon
contract was open TO, and he DID no
propose to criticlse II, II could nc
stand before the fact that the eager
ness of the world to get possession q
those bonds gave the lie to all thos
slanderers backbiters, financial blacb
= legs and money sharks who Fought l
: STAB their country nearest the hear
He stood ready. he said. at all time
10 help the government In case OF n,
= cessity. but he could not support IN
amendment which sought to give IN
seeretary of the treasury power .
did not ask to provide for deteienc
! that did not exist.
r Mr.. Sherman then addressed the ser
, ale. He considered the pending ament
ment perfectly germane. He ma
: known a dozen precedents. TWO veal
Z ago he offered a resolution almost ideI
: teal to this amendment and IT wa
z adopted by an overwhelming vote VIII
5 out division on party lines. II II
: provision had gone through the houi
, and become a law the country wou
= not have been In Its present condition
Executive influence had brougl
/ about the defeat OF the provision ~
/, senate was IN the midst OF doubt. IT
/ secretafy OF the treasury said he ha
onough. The senator from Marylan