The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-28
AR Mllls.s query. and the galleries broke


Mr.. Mills's query. and the galleries broke
irto laughter.
Read that platform said Mr.. Hill.
greenbacks and then. turning to Mr. Hill,
with keen satire added: "On, where was
R Ride u then? One blast upon bis horn
tors We're much amused and the galleries
again broke into laughter. "Of course, you
voted for Horatio Seymour said Mr.. Mills
again addressing Mr.. Hill.
said. soto voce: He was too young"
Mr. Mills. In conclusion, declared with
great emphasis that If this amendment was
ruled out of order Gas it should bel he would
the Secretary of the Treasury AUTHORITY to
issue bonds without direct and specific act
OF Congress.
AI4LISON's WARNING.
Mr. Allison, who followed, warned the Sem
ate that the moments were flying; that I'M
less the sundry civil bill was disposed of to-
day and other bills in the next two days the
responsibility of an extra session would rest
on Congress. Proceeding he said that he had
favored the amendment in the committee of
appropriations, because he believed the Sec
rotary of the Treasury should have the au-
thority 1t conferred years ago. Speaking of
the merits of the proposition to issue certifi-
Gates of Indebtedness to meet current ex-
penses, Mr.. Allison severely criticised the
Secretary of the Treasury for using the pro-.
ceeds of the two bond issues sold under the
law for another purpose to meet current ex-
penses. Unless some such provision were
made to meet current deficiencies Of there
be any, the Secretary of the Treasury would
mortgage the future and continue to sell
thirty-year bonds to meet those deficiencies.
Even II such a temporary expedient is
adopted interrupted Mr.. Hill, twill not the
question of the redemption of the greenbacks
remain?"
Certainly" replied Mr. Allison
Then is it not our duty to. address our
selves to this subject" asked Mr.. Till
calling Mr.. Hills attention to the absolute
futility of attempting any real remedial
financial legislation at this late hour in the
session The lack of time makes some such
temporary arrangement a necessity, said he.
If permanent remedial legislation was mpos-
views of Senator'S. why not all unite to give
the Secretary of the Treasury authority to
issue certificates of indebtedness to tide over
the present crisis and thus avoid the neces-
sty of issuing more thirty-year bonds?
Mr.. Voorhees,, chairman of the finance
committee then addressed the Senate with
a prepared speech against the amendment
He denied that the credit of the government
was threatened anywhere in the weird. Inat
abroad. In every money center, in every
usurious shop. the financial credit of the
United States had net suffered during the
bank-made panic of the last two years
Whatever criticism the recent bond contract
was open to-and he did not purpose to criti-
else tit could not stand before the fact
that the eagerness of the world to get pos,
session of these bonds gave the lie to all
these slanderers. back-biters, financial black
their country nearest the heart. lie STOOD
ready he said at all times to help the gov,
eminent in case of necessity. but he could
not support this amendment, which sought
to give the Secretary of the Treasury a
power he did not ask, to provide for de-
ficiency that did rot exist.
MIR. SHERMANS SPEECH.
Mr. Sherman then addressed the Senate.
He considered the pending amendment per-
fectly germane. He had known dozen
precedents Two years ago he offered a
resolution almost identical to this amend
ment, and it was adopted by an overwhelm-
ing vote. without division on party lines.
If the provision had gone through the
House and had become law the country
would not have been in its present condi-
ton. Executive influence had brought
about the defeat of the provision. The
Senate was in the midst of doubt The
Secretary of the Treasury said ne had
enough. The Senator from Maryland sald
there was not enough. They came me mere anu q
was right then the Senate ought TO act
quickly If Mr.. Carlisle was right, then no
action should be taken, as an addition to
the bonded obligation was most undesira-
ble Mr. Sherman said he would vote for
the amendment, although he. regarded it as
the duty of the Democratic side OF the
chamber to clear up the doubt.
In reply to queries made earlier by fdr.
Hill Mr. Sherman said the Tnsv greeneaf fhs
favored money of the people They should
be kept out, without reference to the
wishes of the New York bankers. Turning
to the loss of revenues. the Senator said it
was certain sequel to the changes of the
tariff law. This always occurred dfa as re e
the party making it,. Let these provisions
be enacted, and let the debt certificates or
the plain people, Abraham Lincoln called
them--and there would be an end of dam
ger. Mr.. Sherman said he had watched the
enormous sums appropriated by the Sen
ate, some of which could have been post
poned to another day. But now that they
were made it was the duty of Congress to
provide means for paying them.
Mr.. Hill then took the floor. He first dis
cussed the technical parliamentary status.
If this financial amendment was in order,
then the flood gates were open and any
kind of financial legislation could be added
Complicated question an extra session was was
inevitable In the expiring hours of Con-
gress it was unwise to sweep away. the
bonds and give him some new and untried
power he did not want ''And yet said
Mr. Hill with keen irony this is the
profound regard for John G. Carlisle" Mr..
Hill then turned his attention to Mr..
and the greenback platform of 1868. THE
result of that contest is not one of con-
I EJACULATION era, among Democrats" said Mr..
VOORHEES, PUTS IN HIS OAR
LET me suggest said Mr.. Voorhees,
"that Horatio Seymour carried New York
by 10000 majority over Grant in 1861
Yes said Mr.. Hill, because Seymour
was so enshrined in the hearts of the peo-
pie Of New York that he could carry the
State, gre enback greenbaek."
Mr. Hill read from early speeches of Mr.
Sherman against greenbacks. and compared
those with the speech of to-day. Mr.. Sher.
man said those anti-greenback speeches
were made five years before the resumption
act, which changed everything. Mr. Hill
pointed out that the danger to the treasury
was not in a deficiency on current expenses
but in gold to redeem the endless chain OF
greenbacks. And yet this pending amend
ment provided funds for the deficiencies
alone and gave no means of securing the
gold, which was the real need of the treas
ury
Mr. Pugh interrupted to say that the
greenback legislation of 1878 was enacted by
Democratic Congress
Mr.. Gray hurried back and whispered t.
Mr.. Hill. who then declared that it was tn,
Senator from Ohio (Sherman) who was re
sponsible for that legislation.
He was not in Congress then" said Mr.
Voorhees, HE was then Secretary of the
Treasury"
mo, l was not in Congress then" sale
Mr.. Sherman.
II win help the Senator OUT said Mr.
Voorhees, to Mr.. Hill. There was Sen
ator from Ohio here at that time whose