The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-12-29
UNDER The GAG RULE
THE Fs0Sn BILLS ALSO F0Rf ED
THROUGH TIL E LO Elk
HOUSE.
PASSED BY 4 VOTE or 1863 70 1856

PASSED BY A VOTE or 1863 10 1856
All Amendments We're Prohibited and
partisanship Alone Considered
But. Republicans Keiasod 10 act
With the Majority of Their Partly
Democrats and po2niisss, With One
Exception, Presented an unbroken
From. against The Bill.
WASHINGTON, Dec. 2S.-The House
to-day passed the bond bill by vote
of 169 to136 and thus, having discharg-
ed the task for which it has been sit
ting during the holiday recess, effect
ed-an agreement by which the House
should adjourn next week, three days
at a time in order to give members an
opportunity to spend New Years day
at their homes.
The closing hoars of the debate to-
day were lacking in spirit and there
was practically no outcome Ill the vote
that was taken. The margin OF 80 by
which the first section of the bill, a
gainst the Republican opponents Of the
measure massed their opposition, was
PASSED. showed that the friends of the
measure had marshalled every ayalla-
BILE vote in it's favor. As it was II Re
uublicans refused TO act with the ma
iority of their party. The Popnlists
and Democrats, with the exception of
Mr.. Hutchison, 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, Tedeemabic
after five years at the pleasure OF the
government and payable III fifteen
wears, with the specific provlso that
nothing in the bill shall be construed
to reneal the act Of 1878 for the re-
issue of greenbacks, and that the
bonds shall first be offered for sub.
scription at the sub-treasurles and de
positories of the United States. The
second section of the bill provides Tor
the issue of three year per cent debt
certificates of denominations OF $50
and muitiples thereof, in amounts not
exceeding $50. 100000 TO meet tenn
porary deficiencies.
Mr.. Broseus, Republican. Pennsyl-
the bill. This was the only country
on the globe, he said, where gold re-
slenption had neither qualification nor
limitation, where the treasury was
without the power to resist the incur
sions Of foreign gold grabbers or DO
rnestfc spectators. The revenue de-
4ieit was the chief sinner, in the come
DIV of errors which had produced the
L. ~ xsn4
to the dignity of the government 70
emDlov the sleuth-hounds OF foreign
syndicates 10 hunt down gold. he
people OF this country should have the
first opportunity TO help the treasury
S,,,a ~ ine trough of the financial sea
4Ie declared that there was no politics
in the bill. The President had appeal
cd for succor for distressed treasury
and ii was our duty to put aside parry
expediency.
Mr.. McLaurin (DemocraD opposed
4he bill because ii would increase the
burden of a people already tax ridden
and would tend to legaIize a serious
nsurpation OF power by the Secretary
of the Treasury. If the Secretary
would use his discretion and redeem
notes in silver the gold raids would
cease and new hope would be lnfusea
in the Democratic party, now crushed
by the financial policy of the admin
istration.
Mr.. Tawney (Rep.), a memDef OF the
WAYS and Means Committee. III sup
port OF the bill called attention TO the
Presidents urgent appeal to Congress
ito do something before adJourning.
He knew and everybody knew That
gold bonds would not give him au-
thoritv. He and his Secretary OF the
Treasury had already re-opened nego-
tiations with the same old maiodorohs
syndicate for another issue Of per
cent bonds.
Mr.. Burton rep, Missouri ana MI.
Connolly tRep., Illinois), who haa
been counted on as opponents of the
bill, gave their support to 1T III prief
speeches.
Mr.. Hopkins rep, Illinois,, IN sup
port OF the bill, argued that there was
no necessity for the issue OF goid
bonds Time and again the treasury
experience with the last bond issue had
demonstrated this. The bonds sold
abroad had returned TO this country.
There was ample gold here 10 supply
The needs of the treasury.
Mr. Payne (Rep., New York; called
attention to the fact that the admin
istration was already preparing 10
issue 800, ,000, 900 of thirty year per
cent bonds This was the emergency
that this bill met by reduction o.
The interest.
.'The Presidents message. inter-
rupted Mr. Lnney Rep., North caro-
linal, "says that $l55,000,00o OF SILVER
certificates issued against the bullion
purchased under the act of 1890 con.
stituted gold obligations. Why dld
not the Ways and Means Committee
provide for the coinage OF that bullion
and redemption of these notes IN sii-
ner?" Democratic applause
..The Secretary noW has ahthofltN
TO coin and redeem the sherman