The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-12-28
DINGL S WINS.
The Presiden. IRE to Veto
the Tariff Infamy and
Probably the
Bonds.
CRACKING THE PARTY WHIP
House of Representatives, TO Be
Dragooned Into Passing the
Financial Juggle
Today.
CRACKING THE PARTY WHIP


ley, of Maine, the Chairman of the
Ways and Means Committee of the
House, is not disturbed by the assertions
of certain of his Republican friends
that the gond bill will be defeated today.
Mr.. .Dingley places the maximum strength
of the dissatisfied Republicans at not to
exceed 10 votes. A number of Demo
Gratis. he says. are absent, and he does
not think that the total opposition will
exceed 125. AS the attendance among
the Republicans today will be large, this
opposition. he thinks. can be met and
successfully overcome. with hand
some margin to spare.
There is no truth in the report that
Speaker Reed and Mr. Dingley received
assurances from President Cleveland
that he would sign the tariff bill if it
should successfully run the gauntlet of
the Senate Both gentlemen have seen
the President recently. but not at the
same time. Each simply called to pay
his respects, and in neither case were
matters of legislation referred to ex-
cept incidentally There is no expecta-
ion on the part of the leading Re-
publicans in the House that President
Cleveland will approve the tariff bill
should it reach him. On the contrary,
veto it.
Tere is a well authenticated rumor in
circulation at the Capitol today that the
Treasury Department is now preparing a
contract presumably with the Morgan
Drexel syndicate, for the sale of a thirty
year 4 per cent. gold bond. 1t is be-
lieved that the contract will be signed
within the next few days If this report
30 +r,,a r,ras11rnoSes knoryledge on
the part of the Administration that the
bond bill now under consideration jim the
House will fail in the Senate. The Ad-
ministration is reported to be strongly
inimical to the pending measure. and
it is stated on high authority today that
an intimation to that effect has been
sent from the Executive Mansion to all
the sound-money Democrats both in the
House and Senate
Mr. Dingley, referring today to the
criticism upon the bond bill that it did not
provide specifically for a gold band, said:
I'VE could not by any possibility pass a
gold bond bill through the Senate. 1t
would be defeated overwhelmingly, and
the world would regard it as an indi-
cation that we are ever friendly to sill
yer. In providing for an issue of coin
bonds We are merely following the prece-
dents of thirty years. All our outstand-
ing bonds are coin bonds and have been
sold as such. We have received gold in
exchange for them, and the principal
and interest has always been paid in gold.
There is no probability that this prece-
dent will ever be overthrown. For this
reason, I think, there is no force in the
objection to the bill because it provides
for the issuance of coin bond.
The Republican opponents of the bond
bill are not so certain today of muster
ing sufficient strength to defeat the meas
ure, as they were yesterday. The Grin
Opal exception is Mr.. Hartman of Mon
tana, who has been active in creating
the opposition among the Republicans.
Mr. Hartman asserts that at least 60
members of his own party will oppose
the measure This would, in all prob
ability, aided by the solid Democratic
minority, be sufficient to defeat it. No
other Republican can be found, how
ever, who shares Mr.. Hartman's optimis-
tic views. The impression among the
free silver and other Republicans who
dislike the bill, is that they have lost
a certain percentage of their strength
since yesterday, and they are complain
ing bitterly today that this is due to
the vigorous cracking of the party whip
over the backs of some of the people
who are at heart in sympathy with them,
but who dare not run counter to the
wishes of the party leaders.
After the reading of the Journal today
the discussion of the bond bill was re-
sumed in the House, the discussion to
close at three o'clock. The first speaker
was Mr.. Brostus (Rep., Pa.) The gold
reserve, he said, must be maintained,
and the revenues to meet the expenses
of the government must be procured;
these propositions, he said, were funda-
mental and indisputable. There was no
difference of opinion on the floor respect
ing these two propositions; it was only
when the House came to the considera-
tion of the means of carrying them into
effect that contention and discussion
arose When the gold reserve disap-
peared, the payment of specie must be
suspended, and when it fe,1 below the
danger line, 1e00O0,O00 of dollars, doubt
and distrust seized the people. The de-
ficiency of revenues, in the opinion of
Republicans, was the chief sinner in the
comedy of errors that had brought the
nation to the condition which confronted
it. When the deficiency ceased, the
Treasury could no longer suffer
Mr.. Brosius said he could not fail to
notice that in the debate on the er1er-
gency revenue measure the other day,
no one had spoken of the history of de-
ficits. That history. he said. was both
interesting and Instructive. The pres
ent was the third notable revenue de-
ficiency which had occurred in time of
peace. They had all been caused by
the same thing, going too far in the mat
ter of taking off customs duties.
There was sufficient power. Mr.. Bros
ius continued. now existing in the sta
tutes to authorize the officers of the
government to borrow money. but it
was not q suitable method. In h is opinion
it was not proper that the Treasury
should be farmed out to a foreign power;
it was not proper that there should be
employed the s,euth hounds of COM
bined foreign and domestic syndicate
to hunt up the gold that the govern
ment needs. 1t should be OBJ
tained through loans properly and
openly made by our own people. France
found no trouble in handling her en-
ormous debt, because it was largely held
by the citizens of that Republic. and the
United States could have the same ex-
perience if it would deal with its own
people. Tasss saou!d be no politics tn