The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-02-06
IN THE HOUSE.



Washington City. Feb. 5.-The debats
OF the administration bill to authorize
the issue OF $50, 900 600 OF gold bonds for
the purpose Of retiring the legal tenders
and treasury notes began in the house
today and continued for six hours. 1t
developed widely divergang views at the
outset. The silver Democrats and popu-
lists opposed 1t outright. Some OF the
administration Democrats. like Hall OF
Missouri. favored a substitute on the
lines OF the Carlisle bill, wfliie Reed.
after u speech charging the present
trouble TO the deficiency in the revenue,
introduced a bill authorizing the secre-
tary of the treasury TO sell per cent.
coin bonds to keep up the gold reserve.
and certificates of indebtedness redeem
able at the pleasure of the government
to pay current expenses until the revenues
shall equal the expenditures. The issue
of gold bosssls. he said. would discriminate
against the coin bonds Of the past. Pat
terSon of Tennessee. on the contrary,
favored the issue OF gold bonds. The de-
bate under the five-mSnute rule. when
the bill viii be open for amendment, be-
gins tomorrow.
The house passed a. resolution intro
duced by Representative Caaninetti, OF
California. directing the secretary Of the
intensor to suspend action ON approval OF
selections and patenting of railway grsmt
lands until action has been taken TO
classify them into mineral and non-nrsn-
eral land. and requesting information re-
garding the number OF acres or these
lands patented.
In accordance with the terms OF the
special order adopted yesterday. the
house resolved itself into committee Of
the whole TO consider the bill 10 author
ize the secretary OF the treasury TO issue
bonds to maintain a sufficient gold re-
serve. and to rcsiean and retire United
States notes. and for other purposes.
Springer opened the debate with a long
statement concerning the condition OF
the trasury. lie produced figures show
ing that there wouid be an estimated
surplus of 81. go aoo In revenues at the
end OF the present calendar year, bur a
deficiency at the end Of the fiscal year.
June 80. OF $3.50 900. The deficiency was
now $si.e .eDo, CO., but this would be reduced
siaoo8epa the coming five months. On
June 80. 1886. hs said, there would be in
the treasury. SIS, o.eo OF surplus reve-
nsex.
While Springer vas discussing the
ssws1liirg god reserve and the enormous
outstanding goisi obligations Of the gov
avnfnent he was interrupted BY Jerry
Simpson. who asked II saa secretary OF
the treasury was compelled! 20 redeem
legal sentets in gold Springer replied
that he VAS 30 compelled by the prece-
dents OF former secretaries. or In had
faitis repulsate the established policy Of
the government. In conclusion. he ap-
pealea 10 the members TO Kay aside party
preferences. and as patriots step the
drain OF gold ard save the ccuntry,s
credit.
Cox es Tennessee. IN esppestssaa to tie
hsil. followed Springer. He sas.ssss q Wig
orous argument In favor OF the substitute
be should offer. which WAS based ON the
principle Of the Carlisle fssal~-shs izSue ef
circulation 10y Banks on Gegsssss VI legal
;eTsless--ccatensisn sfsat fnas wazia take
Tho gresahzxsks out OF She way w&hont
Increasing she snsevass -1eaTing debt sn
she country. ard swAshout snrvwsny she
country upon an aassosate gold nasss
Ha1l og Missouri followed Ia ere aasas
strain sr support of rae sssassssue. He
deprecated the further washing OF dirty
gsrea" on the aeor OF Sf1A hossse.
wosyertun. De<n., Pa bitterly criticised
the asarnlatssraEsoa. THE p~e%sat trausIe
ssas sse 70 swo causes. deficiency % rev.
enae ard she gold. Grain on toe treasury.
Congress Fssssei the haa for szasrszsg seaga-
forage. The prszs3ens kssi vetoed kaae bill.
TSrt ftse responsibility as ps@es3t zsaere *
5ezosgei-
Rees. the leader cs the srsnnrssy, then
took xhss aenr. He sgs given close afssn-
tisr .~Tgssa hssi" re he~an. might ex-
hszsss xae s<seaee os craftsmanship. bat ts
ssta nss axAshsk 1he are sz1ereos-" fn orfer
60 accomplish ansxhinx 4 was necessary
tksas sii. aaoass pass both AoGsss and