The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-28

House AT this session--whtch was sixteen
million more than the secretary's estimate
OF tie expenditures. He had no doubt. he
said, that. with the additions made by the
Senate, the total appropriations Of the
session would be at least 500 10000: and
that would show n deficit Of So. .o00O00.
4 appeal TO the senator's" Mr.. German
continued. whether Il Is patriotic for US
70 permit congress 20 adjourn without
making some provision to meet this de-
hciency, ard whether IL would not be un-
pohtb anu unWisc to allow any executive
officer TO sell S0-year bonds TO meet H."
Mr.. George-What IS the objection 10
having the silver seigniorage IN the treas
ury coined 10 meet the deficiency
Mr.. Gorman-I trust we will be able 20
settle this question in proper way. and
appeal 20 the senators 10 abandon for the
time being All theories and ideas as TO the
currency, and simply 10 provide certin-
Gates of Indebtedness. redeemable within
TWO years at the option OF the govern
mcnt-being the only thing thut'we can
40 In the expiring hours OF congress. so
as TO prevent the sale OF long date bonds.
Mr.. George-lt seems bad economy to
horrow money when we have II in the
treasury, II We Will only coin it.
Mr.. German declined to go into that
question. lie asserted that II there had
been a surplus I'm the treasury within the
last twenty~five months all the gold
needed could have been procured by the
sale OF greenbacks or treasury notes. with
out any issue OF bonds
Mr.. German gave graphic description
OF the way In which In the beginning Of
Mr.. Cleveland's first administration Mr.
Manning, the then Secretary OF the Treas
ury, had got the upper hand OF the
bankers who were making a corner In
gold.
why not treat them in the same way
noWY Mr. George asked
"Oh, MIR. President" Mr.. German re-
Piled the senator should not put such
question 70 me. ] am dealing with
the condition as II stands now. You have
no money In the treasury now, as YOU had
then. Secretary Carlisle came into the de-
partment stripped OF the power which Mr.
Manning had. He tried 10 do IL. but
when he came to look at his Golfers no
found that ne had no balance to pay his
currency debts. He was In the hands OF
the money ring. He was helpless. / want
10 relieve him, and I appeal to the sena-
tors 10 give him this authority 10 isue
Sl0DOe00O OF currency so that he can say
TO these bankers, You cannot embarrass
the government our credit Is perfect
we have money which the people will
take. i am master of the situation The
government OF the United States should
not be at tho mercy OF the money kings. ="
This portion OF Mr. Germans speech
was delivered with much spirit and ef-
feet.
Mr.. Voorhees,. dem OF Indiana, chair
man Of the finance committee, recalled
Mr.. Carlisle's statement that he thought
the Secretary or the Treasury should
have the authority 10 issue government
certificates in case OF a deficiency, but
that he would not exercise that power
now IL given "a him because Il was not
necessary. Mr. voorhees, also referred 10
the Presidents statement as to there be-
ing comfortable balance In the treas-
ury'' and said Shat the President was not
'hankering' after the proposed legisla-
ton.
Mr.. German argued that congress ought
TO say to the President that, having
given him authority to issue certificates
Of Indebtedness, he should not sell long
date bonds, and that II he did. the people
of the country would not sustain him
But If congress failed to give tho Pres
ident that authority he had said that he
would continue the same course. And
congress could not complain of the Pres
ident hereafter If there was a failure on
It's part here and now. Senators" he
continued, who are on more Intimate
terms with the President than / am, may
have some intimation that this propo-
sitlon is distasteful to him; but that
would not control me- because my view
is that I must represent the inter-
ests of the people of the country as 7
understand them. wouldn't desire TO force
on a coordinate branch OF the govern
ment any power which II did not want,
unless, in my judgment, that power was
absolutely necessary to protect the tax
payer. / cannot, with my views, permit
this session to close without making an
effort to give the President such power
as will avoid a repetition Of the sale Of
long date bonds. There Is no reflection
on the President In any proposition which
| make. There is no reflection on the
Secretary Of the Treasury. whom ! ad-
mire. But If this proposition Is to be
defeated, and II we are to run the risk
OF suspending works Of public enterprise
that responsibility must be accepted"
Mr.. Mills said that there could be no
question Of a treasury deficiency when
there was $55, 100000 Of silver In the treas
ury belonging to the government with
authority to the Secretary Of the Treas
ruy to coin II any pay IL out in his dis
bursements He condemned the issue Of
bonds as a reversal Of the policy OF the
government He feared that IL IL were
not stopped here would be q. mammoth
debt piled on the shoulders Of the Amerl-
can people.
Mr. Mills said that he proposed to offer
an amendment to repeal all laws that au-
thorized the Secretary of the Treasury to
sell lnLeu oLdteS DOluS Aoi any purpose
whatever.
Mr.. Allison, member Of the commit
tee on appropriations, said that he knew
how the hours Of this congress we're flee
ing. and that the bill must be completed
to-day, and the remaining appropriation
bills, completed within the next two days
He believed IL to be the first duty Of the
senators to see TO II, as best they could
that those appropriation bills were dis
posed Of at the present session. He would
vote that the amendment of the commit
tee on appropriations-iu accordance with
Senate precedents. was in order.
Mr. Voorhees,, dem. OF Indiana, chair
man of the finance committee said he held
now, as he did when the repeal bill was
under discussion. that the Secretary Of
the Treasury ought 70 have authority by
a general law. to issue bonds or other pub
lie securities. with the proceeds OF which
to meet current expenses in the event Of
failure Of sufficient revenue from other
sources.
After further discussion, Mr.. German.
the author of the amendment, rose to
withdraw II, and said: THE members Of
the committee on appropriations are aware
of the fact that attempts made in both
branches to dispose Of this financial ques-
ton have all resulted in no legislation