The Providence news. (Providence [R.I.]) 1891-1906, 1895-12-28
BOND QUESTION.
Gives Rise to Bitterness In Both
Branches Of Congress.
NEW BILL NOT SATISFACTORY.
Falls Short Of Requirement Of
the Situation.

terday dwelt upon the consideration OF the
bond bill, which, in conjunction with the
tariff bill passed Thursday, constitute the
relief which the Republican house Of rep
resentatives offers the Democrats TO meet
the existing financial situation.
The bill aroused the united opposition
OF the Democrats and Populists, the gold
Democrats being arrayed against it be-
cause they claimed 10 did not give the
secretary the authority to issue gold bonds
with which he desired 10 replenish the re-
serve, and the silver Democrats on the
ground OF their general opposition TO bond
issues. The latter, contended that the
raids on the treasury could be stopped IL
the secretary would use his discretion to
redeem notes in silver when the reserve
was threatened.
In the Republican ranks. also, there de-
veloped such bitter opposition to the bill
ms originally drawn, and to the proposition
TO force the bill to vote, that the Re
publican members OF the committee on
ways and means incorporated in it an
amendment specifically declaring that
nothing in the act should be construed as
n modification or repeal OF the act Of 1873
for the reissue of the greenbacks when re-
deemed, and the committee on rules ex-
tended the limit TO debate until today at
3 o'clock, but declined to give the members
Of the house opportunity To offer amend
ments. These concessions probably
brought few of the fractions Republicans
into line-how many the vote today will
show
But II Republicans went over the party
traces yesterday on the adoption of the
rule This, il is stated, does not represent
more than one-fourth of the opposition to
the measure itself
The feature of tho day was n strong
speech from Johnson (Rep., Cali, appeal
ing to his Republican colleagues TO vote
against the bill. He scored the Republi-
can leaders for bringing In the bill. He
said he had voted for the revenue measure
Thursday under protest, but he refused to
follow them on the present bill. Political
expediency which involved surrender OF
principle, he declared, would never sue
ceed.
The debate ran far into the night. The
principal speeches were made by Messrs
Dingley Me and Grosvenor (O.), Repub-
licans, and Messrs Turner (Ga.) and Pat
terson (Tenn.), Democrats.
Representative Barrett's impeachment
resolution Was quietly smothered by the
the meeting of>the committee yesterday 1t
was voted to report Representative Me-
Calls resolution, which was much more
conservative and simply called for sin
formation from the president" rs to Am
bassador Bayard's speeches ut Edinburgh
and Boston, Eng. "
A Lively Tilt.
The senate was enlivened by a spirited
Ill A.. -
Mr.. H,ll IN. ~ and Mr. Teller (Colo.)
were the principal figures.
Mr-Hiif preeipitated consideration Of
the bond question by Offering "a resolution
declaring that future bond issues TO re-
new the gold reserve should bear pro.
vision that they would be payable in gold
and silver at the option OF the holder. In
support OF this, Hill made speech setting
forth the difficulties of negotiating bonds
under the uncertainties of the present
law, and he branched out in general
discussion of finance, and among other
things urged the permanent retirement OF
the greenbacks in accordance with the
recommendations of the president and
secretary of the treasury.
Teler's reply to Hill was cutting, sar-
castle and personal. He repudiated and
protested against tho efforts of the presi-
dent and all his tide walters" to defame
the credit of the United States. He spoke
Of the recent visit to Washington OF n
great New York banker, one of those who
had participated i'm the "dishonorable or
imbecile" bond transaction of last year.
The galleries were crowded during the
debate, and tho senators, rs well as spec.
tators, keenly enjoyed the caustic tilt.
Allen (Pop., Neb.) added his protest to
that of Teller against the defamation Of
our national credit. No final action on
the Hill resolution was taken.
Senators Quay and Burrows gave notice
of amendments which they propose TO
offer to the house tariff bill when IL shall
reach the senate for consideration Sena--
tor Quay's amendment provides for an in
crense OF the duty on wrapper tobacco,
making the duty on unstemmed tobacco
imported in bulk 81 "a pound, and on
stemmed tobacco g.. 80 a pound.
Senator Burrows amendment provides
for duty equal to 60 per cent of the Me-
Kinley law duties on n large number OF
articles of schedule A, concerning chem-
icals, oils and paints; on manufactured
burrstones and grindstones; on iron ores,
cotton ties and copper aud manufactures
Of OH large number OF agricultural
products, including fresh milk, yields Of
eggs plants, fresh fish and salt; on lemons
ade, soda water and other similar waters;
or flax, hemp, straw and binding twine,
and on feathers paintings, statuary, hat
ters plush, coffee and hides.
A Chat with Carlisle.
Secretary Carlisle made the following
statement last night in response TO the
question: "What, i'm your opinion, will
be the effect upon the financial situation
Of the tariff bill passed by the house OF
representatives on Thursday
Il had, said Mr. Carlisle, supposed
that very few could now he found who
belieye that our financial diHicultss wero
caused by the deficiency In the ordinary
revenues OF the government, or that they
can be relieved by increasing taxes upon
the commodities consumed 10y the people.
These difficulties are the necessary results
Of our financial legislation. and they can.
not be removed, even temporarily, by
tariff laws. nor by any other measures