The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1895-01-16


dience, and for a long time the
president and the two senators,
representing opposing elements in
the party, discussed the situation
from various points of view.
Mr.. Cleveland was freely told
that no measure could be passed !,
that did not in a very material
way recognize silver. The presi.
dent, it is said, declined to give his
approval in advance to any bill I'm
til he could be assured that such
bill would pass.
1t is broadly stated, however,
that at this conference the bill
which Mr.. Jones will introduce
today was discussed in detail, and
that the two senator's left the
white house thoroughly familiar
with the ideas of thepresident, and
able to assure the members of the
senate that such measure, if
enacted by congress, would be APP
proved by the president.
A canvas was made in the house
as to the chances of the proposed
bill passing and democrats there
are said to believe it to be the one
measure that can get through. The
passage or failure of this new bill
appears to depend upon the atti-
tude of the silver men.
The principal features of Sena-
tor Jones bill are these: The
secretary of the treasury will be
authorized to issue 500, 200, 900 OF
coupon or registered bonds, inter
est and principal payable in gold at
not exceeding az or 3 per cent,
the bonds to run thirty years, but
redeemabie at the option of the
government after twenty years.
The proceeds of these bonds are to
) be used tor the current expenses
of the treasury, and the redemption
/ of the greenbacks and the treasury
: notes issued under the Sherman
, act. The bonds will be of the de-
= nominations of $40, $50, 500
$500, 81 900, 5000 and $4,000
all exempt from taxation, ETC., ant
subscriptions for them are to b.
D received at the treasury, or at an.
q sub-treasury or any bank wher'
I United States funds are deposited
: it being the intention of the act Il
! give full and free opportunity 70
!, general subscription. The loan i
y to be made as popular as possible
If Japan makes an order OF
China for 100000 900 of gol'
there is no place but this countr,
= to go for it. The banks of Eng
l. land protect England, banks c
e France protect France, Germa
$ banks protect Germany, bu
il America has been for past years
!, regular draw for the world.
le much more gold. is. withdrawn fror
,r the treasury another lbond issu
nr will be a necessity.
u In the senate today, after Nj
Stewart had closed his speech Q
the financial question, Mr.. Gonna
rose and made speech which ha
y been anticipated for several day
I'd When it was noised about III;
C. Senator German was about to max
c. remarks on the financial questio
er the galleries rapidly began to e
ii and senators who had been in con
m mittee rooms came in and gave NJ
-, German closest attention. He b
n gins by declaring himself oppose
! to the line Of attack which was bC
ing adhered to, that is, the prop
=, sition to cripple the income tax i
a. cutting of the appropriation. II
w. then proceeded to discuss the tart
G. Legislation as bearing on existir
Us conditions. He declared that
for one would never had voted 4
the tariff bill had he not believe
il had been shaped so as to raj
"' ample revenue for the expense
&C the government. At 2:45 N
al German finished after a long al
y. spirited speech with many int
nd ruptions, then Mr.. Allison too
the floor.
M
Deserving Praise.
a. We desire 20 say to our eli