The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-03-04
SILVER MEN CORNER GORAIAS.
He Sees There Is No Chance and
withdraw Ills Proposition.

Washington, February 27.-Tae senate
spent five hours today in debate on the
amendment 70 the sundry civil approprla-
ton bill, reported from the committee on
appropriations, providing for an issue Of
Sivl.C00.091 certificates OF indebtedness bear
ing per cent interest, TO meet deficiencies
in the treasury. and also requiring fGtCre
issues OF bonds TO be offered to the public
Toy al least twenty days.
81 appeal to senator's" Mr.. German con-
tinueG, whether it is wise or patriotic
for Us to permit congress TO adjourn with
out making some provision to meet this
deficiency and whether it would rot be
unpoiitic and uuwise to allow any cNecu-
tive officer to sell ten or thirty-year bonds
to meet It."
colin the silver.
Mr.. Caorge-What is the objection TO
having the silver seigniorage i'm the treasu-
~ coined to meet the deficiency?
MIR. Gorman--I trust we VIII be able 10
settle thls question "a u proper way, -Ad
/ appeal 10 senators 10 abandon ior the
time being all the theories and IDEAS as
70 currency simply to provide certificates OK
Indebtedness reGccmaDlc in TWO years az
the option of the government. the on!E
thing that We can Go in the expiring hCufs
o. congress. SO IS TO prevent the sale or
long bonds.
4lr. George-It seems bad economy 10
borrow money when we nave Il IN the
treasury IL We Will only coin i.
Mr. German declined to so into that
question He asserted that II there mad been
a surplus in the treasury within the last
twenty-five months all he gold Eeeded
could have been procured by the SAFE oil
-reenbacks or treasury notes. without
any issue Of bonds.
Air. ,.rsnan gave a graphic descrp-
ton CT the way IN which, IN the beginning
OF Mr. Cleveiauds first administration
Mr. Manning, The then secretary o. The
treasury, had got the upper hand 81 the
bankers VINO were making 4 corner III
gold.
.'NYhy not treat them in the same way
nowg' Mr.. George asked.
''Oh, Mr. President" Mr. German REPLIED
';he senator should not pat such qdes-
ton 70 me. ! am dealing with the coEoi-
ton as il stands now. You have no money
Ia The treasury now as you rad then. sec
ref.~v Carlisle came into the department
stripped Of the power which Mr.. Manning
had lie tried TO DO IL. but when ne came
:, look It MS Golfers he found that he had
no balance to pay his current debts lie
was in the hands Of the money ring. lie
vas helpless ! want 20 deliver him. And
7 arreal 70 senators TO give him this au-
,p,-itv to issue slgo0G0C00 Of currency, so
mat ne can say 10 THESE bankers: D on
cannot embarress the government. oGF
credit is perfect. We have She money
which the reopie VIII take. am master
OF the situation Tine government u w
United states should not be at tAe mercy
OF the money kings"
,rb;s norton OF NJ. Germans speech was
delivered with much spirit ana eAeet'
Not laundering for Certthc"'es-
7T- Voorhees,. democrat, or lndlana'
chairman OF the finance committee rccdn-
"a NJ. Ccrhsie's statement That ne thousht
tae secretary Of the treasury snoulo nave
o,,tboritv 10 issue government certlhcites
q - ~ ded-iency. bat that he would
rot exercise that power now II gwen 10
49,, because il was not necessary. MT.
T-ocrbeae also referred 10 the president $
s..teroent a. to there being 4 CONFORM
hIe balance in ire treasury ana ga" ne
ire president was net 'hAnAeFlhs "-10'
the proposed legislation
AR German argued that congress ought
:, saw 10 the president that. having given
hin, authority TO issue certificates OF IN
5ahtedness. lie should not sell long bonds,
"a that Il he did, the people of the coun-
- would not sustain him. But II con-
sress failed 10 give the president that au-
fbo-itv. he had said that he would con-
tfu,:s the same course. And congress could
81 corlu,ain OF the president hereafter 4
80. ,,-',s q Failure on its part here ana
-. Senators" no continued, You who
a.. an more intimate terms with the presi-
ds,r than an, may nave come iutim2tion
So this proposition Is distasteiu TO him;
Lut that would not control me- because
,,,,, ,,,axy IS that I must represent the il
t,ras.s Of the people OF the country as !
understand them. ] would not desire to
force an a coordinate branch Of the gov
erpYneat any power which it did not want
unless. in ny judgment that power was
ohsoiutelv necessary TO protect the tax
payer 1 cannot. with my views, permit
this session 10 close without making an
EFFORT 10 give the president such power as
,-.u avoid 4 repetition Of the sale Of long
bonds. There is no reelection on the presi-
dent in any proposition which l make
1,b.re l. no reflection on the secretary Ct
tie treasury. whom I admire But L this
proposition is 10 be defeated, and il we
are 10 run the risk Of suspending works Of
public enterprise, that responsibility must
DO accepted
Mr. 1IBls said that there could be 40