The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1895-02-08
BEATEN AT THE START.
The Administration Scores a Defeat in
Its Financial Policy.


O'Clock. Grosvenor OF Ohio asked unanimous
consent for the consideration of joint resolu.
ton for the appointment of committee to in.
vestigate the validity of the election in Ten.
nessee last November. ~ object" shouted
Cox 3D. of Tennessee. "The State of Tennes
see can take care of itself"
The House went into committee of the
whole and resumed the consideration of the
administration bill to authorize the issue oil
$500, 100000 in gold bonds. Brosus (R.) oil
Pennsylvania offered an amendment providing
that such bonds of the denominations of $50
$50 and 800 as can be disposed of, should be
deposited for sale with the netional banks by
the Secretary of State.
Sickels CD of New York made an eloquent
appeal for the passage of the pending bill He
believed he said, that the deliberations of the
House on this question marked an important
epoch in the history of this country He was
not fnancier, he frankly admitted, but he de.
sired to express his deep sense of the i'm port.
ance of this measure and his solemn belief that
the welfare and honor OF his country were in.
volved in to-day's action upon it. He had had
occasion to differ in the past with the execu-
tive, the choice OF his own party, but he forgot
those differences when he witnessed the brave.
manly action of the President In the present
financial crisis. Mr.. Cleveland's words were
worthy of the most illustrious of statesmen, and
he forgot all in his admiration of Mr. Cleve.
lands course on this question. This was not
the time, he continued, to settle definitely and
permanently the future of silver or of bank
notes. 1t was supreme moment in history
such crisis occurred in the history of all
when we must meet our obligations or default.
''If my long life" he concluded, "largely de-
voted to public service, entities me to appeal Ia
my colleagues to uphold the honor and integ-
vi nv 0f onr for Gods coha Lot
by this opportunity" [Applause]
Bynum 3D. of Indiana based an appeal for
the passage of the bill on some resolutions OF
the Indianapolis Board of Trade Endorsement
of the Presidents recommendation.
Straight d. of South Carolina created
amusement while opposing the bill by describ.
ing the degeneration of the republic and of
Congress. "If Washington was to look in unon
the House to-day" he said, "tears as big as
mounts would furrow his cheeks, and if John
c. Calhoun could come down he would lash
four-fifths of the members from the Capitol"
Grosvenor (R.) OF Ohio asserted that the ad.
ministrations only hope of relief for the treas
ury lay in getting Republican votes, and he
appealed to the other side to withhold political
schemes and try the experiment of patriotism.
Haughen (R.) of Wisconsin offered an amend.
ment to strike out the provision excluding
from the operation of section 3 (authorizino
national banks to take out circulation up to
the par value of their bonds) outstanding bonds
bearing but per cent interest. 1t was agreed
to without division.
Kemp (Pop.) of Colorado offered an amend
ment authorizing the bonds issued by this bill
to be sold for gold or silver without discrimi-
nation and to be payable in gold or silver. It
was lost-74 to LOG.
Bryan Cd of Nebraska called attention to
the fact that, although the Republicans pro.
fessed to be in favor of coin bonds, not ten of
them had voted for the Bell amendment. and
that Reed, who himself introduced a substi.
tute authorizing the issue of coin bonds, had
voted adainst 1t.
ISIS not the proposition of the Republican
leader providing for coin bonds" interrupted
Bowers of California, 'better than that of
the Democratic LEADER"
at is not" replied Bryan, "Nr. Cleveland,s
proposition is open and above board. while
that of Reed is masked. He has Just voted
against an amendment Incorporating the ideas
of his substitute" Democratic applause.]
The hour set for the taking of the vote. 3 40
arrived while an amendment of Terry (D.l of
Arkansas was being read. 1t cut off this
amendment, leaving the two substitutes and
the amendments thereto pending. The amend
ments adopted in the committee were agreed
to in the House, and Reed then attempted to
enforce an agreement which he claimed had
been entered into in, committee by which his
substitute should be voted on after the Cox SUBJ
stitute. The fact of such an agreement was
denied by Cox.
ut is a question Of propriety," said Reed
sharply.