New-York tribune., 1895-12-29
THE PROCEEDINGS IN DETAIL.
SECOND DAYS DEBATE ON THE BOND BILL
HOW THE MEMBERS VOTED.

| Washington Dec 2-After the reading OF the
Journal to-day the debate the bond bill was re-
sumed In the House the discussion 10 close at
O'Clock. The first speaker Mr.. Brosius Rep
! Ponn) The gold reserve. he said, must be main
tained and the to meet the expenses of the
Government must be procured; these propositions
were fundamental and ndlsputabe. There was no
difference OF opinion the floor respecting these
two propositions; II only when the House came
to the consideration of the means OF carrying them
into effect that contention and discussion arose
When the gold reserve disappeared. the payment OF
specie must be suspended. and when 1t fell below the
danger line (sCO 900 o0W doubt and distrust seized
the people. The deficiency of revenue In the opinion
of Republicans. was the chief sinner in the comedy
of errors. which had brought the Nation TO the
condition which confronted II. When the de
hciency ceased the Treasury would no longer suffer
Mr.. Brosius said that he could not fan to nouce
that in the debate on the emergency revenue meas
the other day one had spoken OF the history
OF deficits. That history, he said, was both inter-
esng and instructive. The present was the thrd
notable revenue deficiency which had occurred IN
time Of peace. They had all been caused by the
same thng going too far in the matter Of taking
off customs duties. There sufficient power
now existing in the statutes to authorize the officers
of the Government TO borrow money but IL was
not suitable method In his opinion IL was Ho'
proper that Treasury should be farmed out to a
foreign Power; it was not proper that the sieuth-
hounds of a combined foreign and domestic syno-
cate should be employed to hunt up the gold that
the Government needs 1t should be obtained
through loans properly and openly made by tne
American people. France found no trouble IN
handling her enormous debt because it was largely
held by the citizens of that Republic, and the unel
States could have the same experience II II "ouiu
deal with the situation patriotism and duty were
the two words which alone could fifty describe the
inspiration the hour.
Mr.. Parker tRep, y. j. said that the House was
/ called on to answer yes to two simple queS-
tons: o. Shall provide revenue to meet 'he eA-
! pendtures Of the Government" Who couiu say
mo- to that? Re asked t2) Shall we lower the rate
of interest on bonds the issue of which was autho-
tied by the act OF 1879 and open the books FOR tnei
! subscription to the people OF the United states
| What need of amendment to these two simple ques-
! tlons? They would only tend to confuse the ehorts
| to afford direct relief to the necessities OF the Gov
eminent
Similar support to the bill was given by MY Ste"
art Rep., ~ JD.
Mr. McIaurin Dem. $. Co said that he opposeu
the bill because II would only increase the our
dens of the Treasury. but iegaize series OF ih-
proper and unfounded assumptions by the secretary
OF the Treasury. The bill should clearly anu ca
pcity state the purposes of IT'S provisions ~ 'ia'
The people might know the intention OF congress
lie was onposed to the bill for the further reason
that no hell we'd rather in restricting than extending
the discretionary powers Of the Treasury Depart
ment. AL sufficient relief could be afordeu II 'he
Secretary would obey the law and estapiish al
American system of finance, treating all the oohsa-
tions OF the Government ahke anu III "'S"'"''''
with their plain terms
/ TROI-BIE SINCE THE DEMOCRATS CAME IN
Nr Cannon dep. I'D said that the Resumption
act Of 1873 was Republican measure passeu III
time Of pelce authorizing he would say 10 'hN
o.ntl.,nan from California tAr Johnson) the issue
of bonas Under that Jaw Secretary sherman soi
seJploO0O of bonds and secured the Bo.d WIZ" VIM
10 resume specie payments In S'3 rroih "'a' '
MN 1909 ,vhcn Cleveland came in the second time
there was no necessity for the issue OF DohiS i"e'e
was never an hour in that period when the revenues
ro not sufficient TO meet the expenditures. In
The, time the interest bearing debt and the ahhuai
/ interest charge were largely reduced. Inc sei"e-
man from South Carolina, member ol '"e N'''
r,ittee on WAYS and Means said that ne "ouiu 'dh'
rr,-, tbe Secretary Of the Treasury the au'hoFity
/ h. mad The Secretary OF the Treasury couu no.
! , 80, much mower But it should be exercised
dcr conditions that lead to prosperity, ana NOT "
! advereitv Ever since the Democratic Adihinisf"
/ tiSn came into power there mad beeh ueno'e'o',
] distrees idleness. poverty ana panic N'o
! came TO Congress and asked relief Inc hep"o'0a
/ uousa the Republican branch OF the "oVern''iei'
/ ..,,onca uatriotically foregoing it's personal
,,o~sste and desires responds 10 the appear IN the
/ measures reported from the Committee ." v"
.,1 leans "Wnat you Democrats uo'"s III
/ oroj .You Offer nothing and you ohereu ho.""s
! e-f
, doctors propose a remedy which, IN their op'i-
I ' -, -ah tho root Of the disease. You Demo
+ -. Il, rothing but critcise and object. Ho' Al
r,irhtx never made such set of men so reaHS anu
iili, IN tear down and crtcise. without the power
to build up" N-aughte!) ~ ~,
ro nroposition to lower the rate or interest MI
Cannon said the Democrats could nave hau a. ',,e
-. sossi,i, hut they voted solidly against It,
.Aua Won will vote against 1t solidiy io-u"s' So'
fr.e-silyer-coinage, l6-to-l. Democrats "c S'1
. ..hocause YOU want impair the value Oh 'ne cu'
-. ana Won cuckoo Democrats because the
President has sent down his orders Tor you 10 VOC
against IT, II the Senate and President sia P
mis- hill well and good; II they shall NOT 'he
lions. Of Representatives will have done what 1t
believes to be the best thns to restore 'he cIe",'
Of the country and prophecy o, 81 W. M c;oyernment
Of 1891" CA9plauseJ . -. 1900, .h hill he
AT a' h 20 in MS opinion would tend TO spread
sfin further distrust instead OF confidence IN @ 5he
~ 6cans for not giving TIC President and secre
ary OF me Treasury he relief they had Ia asKeu
otseP; Pa Kiln" XII with some interest and astonishment
Tefore proceeding to discuss the proposition OF ine
. bii / desire to state few facts which preceded
he Of this sns s Meons 70 hs %r rawney
read rom the Presidents message REQUESTING Con on
2ovcrnmeni. 1t was then well understood by an
Including the be- S passed through this House
through the other branch OF Congress "a .T % ;e b
noinion that a hin 10 sell gold bonds is the only
posshle form Of relief Why? why? asked MI
Tavnev 'Bocausc they have already arranged 70
sell another issue Of 800 100000 Of bonds TO synd
cate who want that form of obligation Mr raw
NJ aid that the plan of relief proposed was IN
Inc with what had been advocated by the Repup-
cans in the IITId Congress, the support or Whlcn
thcn met the universal approval of the Republican
PRESS and party As 10 the ability OF the people TO
iake the bonds provided for In the bill Mr.. Tawney
read from a letter received by him to-day from a
constituent living IN small village. who sad mat
he could sell $4,000 OF them In n week and get the
gold for them.
BAILEY WANTS THE BULLION COINED.
Mr. Bailey CDem.. Tex) declared that the coinage
of the bullion in the Treasury was the wsest and
best solution Of the situation. 1t the planest
business proposition. he said The Government
should use what II has hand. Instead of borrow
nnre .Ind naXlng inierest II. The silver cir