The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-12-29
BOND BILL PASSED
Democrats and POpulists Present an
Almost Solid Vote Against 1t.
BOTH SIDES WERE HEARD
The House Adjourned Until Next
Tuesday-The Last Assignment
OF the Minority Members OF
the Senate Committees.

Washington, Dec. 28.-The house to-
day passed the bond bill by a vote of
40 to 1876: and thus, having discharged
the task for which Ii has been sitting
during the recess, effected an agree
ment by which the house should adj
journ next week. three days at a time.
in order to give the members an oppor-
tunfty to spend New Years day at
their homes. The closing hours OF the
debate to-day were lacking in spirit.
and there was practically no excite
ment until the vote was taken. The
margin OF 80, by which the first sec
ton of the bill. against which the re-
publican opponents of the measure
massed their opposition. was passed.
showing that the friends of the meas
ure had marshalled every available
vote in its favor. AS II was, AZ repub-
licans refused to act with the majority
of their party. The populists and dem
ocrats, with the exception of Hutchi-
son Of Texas, who voted for the bill.
presented an unbroken front against
the bill
The bill, as passed. amends the re-
sumption act so as to permit the issue
of per cent. coin bonds redeemable
after five years, at the pleasure of the
government, and payable In Is years.
with the specific provision that nothing
in the bill shall be construed to repeal
the act of 1873, for the reissue of green
backs. and that the bonds shall first be
offered for subscription at the SUBJ
treasury and repositories of the United
States. The second section of the bill
provides for the issue OF three-year 3
per cent. debt certificates of the de-
nominations of $50 and multiples there
Of, in amounts not exceeding $50. o00. 900.
to meet temporary deficiencies.
When the house convened to-day but
three hours remained for debate on the
bond bill. The vote. by the terms Of
the rule under which the house was
operating. was to be taken at 3 o'clock.
Brosius, republican, Pennsylvania, OPP
ened the debate in favor OF the bill.
This was the only country on the globe,
he said, where gold redemption had
neither qualification nor limitation and
where the treasury was without the
power to resist the incursfons of for
eign gold-grabbers or domestic specu-
lators. Parker. republican, New Jer-
sey, favored the bill as a good business
measure. McLaurin, democrat, South
Carolina, opposed IT because IL would
increase the burden of a people already
taxridden and would tend to legalize a
series of usurpation of power by the
secretary of the treasury. If the sec
rotary would use his discretion and re-
deem notes in silver, the gold raids
would stop and new hope would be in
fused into the democratic party, now
crushed by the financial policy of the
administration.
Cannon, republican, Illinois, In sup
port of the measure. declared that 1t
was bill TO maintain specie payments
which had been resumed under the
wise direction of the republican party
in 1879. You, on the other side, will
vote against this bill; those in favor of
silver at 16 to /, because you want to
impair the credit Of the country and
force us to a silver basis those who
support the administration, because 1t
wants gold bonds. We, in our judg-
ment and patriotism. stand ready to
pass this bill. If 1t Is rejected by the
have cast our mite towards the pro-
lection Of the public credit and have
given a prophecy of what we shall do
when we come into full power in 1897"
Bartlett, democrat, New York, an
nounced as his opinion that the pass
age of the pending bill. instead Of
strengthening the financial ability and
credit of the government, would lead
to further panic and avowed that he
was for the maintenance of the gold
standard until the powers of the world
agreed to the coinage of silver. Taw-
ney. republican, Minnesota, in support
of the bill, called attention to the pres
ident's urgent appeal to congress to do
something before adjourning. He knew,
and everybody knew, that gold bonds
would not be authorized by congress
and because congress would not give
him authority he and his secretary of
the treasury had already opened nego-
tiations with the same old malodorous
syndicate for another issue of per
cent. bonds. The people of the country
were to be given an opportunity to
subscribe.
Bailey, democrat, Texas, in outlin-
ing the attitude Of the silver demo-
Gratis, said that they had desired TO
offer as a substitute for the bill a
measure that would. in his opinion,
render the further sale of bonds un-
necessary. AS a plain business propo-
sition. the treasury should coin the
silver seigniorage. The would furnish
the treasury with s5s.00o.ooo OF addi-
tional assets. Successive gold with
drawals and bond issues might be
forced until the public debt was in
creased indefinitely. Burton. repub-
lican. Missouri. and Connolly. repub-
lican. Illinois. who had been counted
on as opponents OF the bal. gave their
support to IL In brief speeches.
Payne. republican. New York. called
attention to the fact that the admin
istration was already preparing to is
sue sloo 000. 900 OF 30-year bonds. This
was the emergency that this bill met
by a reduction OF the interest
The presidents message" inter-
rupted Linney. republican. North Car
DINA says the SIS. 100000 OF silver
certificates issued against the bullion
purchased under the act Of 1880 consti-
tuted gold obligations. Why did not
the ways and means committee pro-