The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-02-01

revenues as we'll as to appropriate foi
necessary expenses.
Allison said that the tariff bill hfA
largely increased the free list and
brought in foreign articles with loTSF
duties. There was, therefore, arhpl&
means of increasing our revenues by q
small increase in the tariff rates. This
should be done instead of drawing from
the treasury reserve to pay current
expenses. Allison said il surplus had
been maintained the gold reserve would
not have been intrenched on to meet
the treasury notes. This brought on
the financial discussion again.
German said that the gold reserve was
originally created to redeem greenbacks.
Up to the time of the passage OF the
Nc Kinley bill the government had
plenty of gold and the gold reserve was
intact. But the Mckinley law started
q change. and one year from the time
he was unable to meet the demands OF
the treasury. The bankruptcy Of the
government began ct that time.
A GRAVE CRISIS.
The senator declared the crisis was
far graver than was known. He hoped
the real deficiency of the treasury would
be disclosed in response to senate rsso-
lutions. 1t was time the country knew
1t. he had hoped the officers charged
with the highest executive duties would
appreciate the gravity OF the conditions
as to lack OF revenue and would mako
them plain to congress. By this time
Mr.. German was speaking with great
earnestness. In the present grave
emergency he did not fear the senate
would be found impotent.
ut will meet this great emergency"
said he; 'if in no other way it will place
in an appropriation by which every OBJ
legation OF this government will be
amply met and the honor of the gov
eminent be maintained"
He did not care what the details Of
this proposition might be. but he ap<
pealed to Repu blicsn senators to join In
meeting the issue. 1t was their duty
as well aa that of the Democratic
senators.
Hill was at once on his feet asking
why the senator from Maryland had not
allowed the financial resolutions to pass
earlier in the day.
German said he wanted them to pass,
and moved to lay aside the district ap.
preparation bill and put the financial
resolutions on their immediate passage.
RESOLUTIONS PASSED.
The resolutions were accordingly
brought forward and agreed to within Q
few minutes without word of argu-
ment.
The first resolution proposed by Hill
calls on the secretary of the treasury to
inform the senate if legislation is neces-
sary or desirable toward the issue of
bonds to meet deficiencies in revenue,
and if so, what the substantial features
OF this legislation should be. This was
agreed to on a viva voce vote, only Allen
voting nay.
Alison's resolution as to the amount
OF gold reserve for current expenses and
the amount of proceeds from bonds
similarly used, was also agreed to with
an amendment by German. The amend
ment ia very comprehensive, and calls
on the secretary for details on every
possible detail OF revenue, reserve, de-
assets. etc, that can shed any
light on the financial situation. The
amendment and resolutions were
adopted without dissent after Teller had
suggested that German ought to ask for
as to why the Democratic
president and the Democratic leaders in
the senate could not agree on what the
trouble was.
The senate at 5 20 p. m. adjourned.