The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-02-14

WASHINGTON, Feb. 1S.-The financial bill
on the lines of the presidents last mes
sage TO congress was presented TO the
Senate today by MI. Yilas. The measure
S. entitled, "a bill to save the American
people sle,174 40"
II raciteg the prssident'g statement that
ho&4d agreed TO issue SCI. 40J. 900 bonds
payable in coin at an interest equiYa-
lent 10 32+ per cent, but had retained the
right TO issue bonds payable in gold at 3
per cent. if Congress granted the author
ity. The bill states that this difference
sn interest amounts TO $3.50, 159 year, or
6I74.170 in the dirty years during which
the bonds run.
1t is provided that the secretary of the
treasury shall be authorized TO Issue
s65,0O0,0o0 bonds at 5 per cent. interest
payable in gold i'll thirty years, 70 be
used in redeemtng legal tenders and be
exempt from taH.
Mr.. Hoar, addressing himself to Mr.
y ikfS said.
FWiu the senator tell us his authority
Eor the great saving he sets forth? Who
are the persons with whom this arrange
ment for buying bonds has been made
Where is the contract? We ought TO be
fully informed.
IT am not the keeper of executive doc
pments" responded Dir. Villas. The pres
ident has given us his views in his mes
sage"
But, insisted Mr.. Hoar. I'VE should
have the details We have only the
statement of certain facts and the con-
illusions by the president, but there is an
entire absence of details"
y have 10 more details than any other
senator" said Mr.. Villas.
Mr. Wolcott gave a new turn to the dis
CuSSiOn. Morning reports tell US. said
he, that these bonds are being taken in
London at 1l212, and by this means the
syndicate Of Jewish bankers who are TAX
ing tue bonds are netting a profit of s per
cent"
MA. Villas said that was an additional
seasoh why the new form of bonds
should be authorized.
Mr. Sherman offered as a substitute for
Che unlimited coinage bill, reported by the
one7 submitted by him some time ago,
providing for gold bonds at per cent.
and for the issue Of gold certificates.
Mr. Aldrich offered a resolution, which
went oyer, TO copy the bond contract.
Income Tux Returns.
With this financial prelude ended the
Senate turned TO general business.
Mr.. Morgan (Democrat), Of Alabama.
secured the passage of Joint resolution
iu accordance with the presidents annual
message concerning the Venezuela British
Guinea boundary.
The House resolution was passed eH-
tending the time for making returns on
the income tax from the first Monday III
March to April Is next.
The Senate then resumed considerable
Of the postofice appropriation bill.
Mr.. Chandler (ReDubliCdn), Of New
Hampshire. made a sharp arraignment of
Che provision giving the postmaster gen
eral discretion over e1pending the $4,000.
600 for railroad postal rates It gave de-
Signing men an opportunity TO squeeze
railroads by threatening TO put them on
the rack. if they wished 20 have their
compensation increased for postal ser
"And the great political committees also
< various means of raising money,
al avaiIable sources. They Ike Il
:, arSe sums and they prefer il from
Ia. ge corporations rather than in small
subscriptions from individuals"
0lr. German. al one time chairman oil
the Democratic national committee, con-
tended that Mr.. Chambers ideas of po-
litical influence were groundless-
Run ut L0Ss.
Mr.. Villas. who was postmaster general
In Mr.. CIeveland's first cabinet, support
I'd the amendment. The railway postal
service was being run at z loss of 81. 000,-
Geo annually, although reliable men would
CoSaaCt 10 run it without dollars de-
ncW,y il they could have reasonable
Laws and regulations,
Mr. Villas offered an amendment to the
pending bill providing for the purchase
ownership and management of The nee
eSSary railway postal cars by the gov.
eruuleut and providing appropria tor
Of s5o0.00O therefor.
head Of the postoffice department he had
made careful inquiries. showing that The
total value OF railway postal cars was
St,eo0,ooo, although Congress apQropTia ter
81 0Oj 900 for the annual rent of these
cars, besides paving by weight for tht
mail they carried. lie also presented fig
UraS Just prepared by the railway mai
bureau showing a total of 40 railway
postal cars worth at an average of $4,000
making q total Investment Of 50, 900, coo
THE maintenance of these 40 cars would
Jr
the conclusion that the government wa;
paying sufficient rental annually for tn
postal cars TO buy them outright ant
maintain them. He took up specific
routes between New York. Chicago. st
Louis, Cincinnati and Pittsburg, sivin;
Che figures, from which he claimed III
rent paid railroads MAS greater than tn,
cost of the cars
A Good Iuvestuent.
NIr. Allison pointed out that the Law
was So framed that the amount paid 70
rent of cars was in part for transporta
ton. so that the figures we're In error il
showing eSorbitaDt rentals. Mr.. Villas
amendment. WHICH proposed 10 revolu
tionize the postal system, shopid not b
undertaken without Investigation
Mr.. Hoar asked IL the adoption OF th
proposed change would not diminish IN
number Of postal cars, The speed ant
rapid time schedule He said word ha,
reached him from business men Withou
regard to politics that they ware very ap
prehensive about The change.
Mr.. Villas replied that The postmaster
general will exercise a wise discretio,
ava not cripple the service,
Il. Aldrich spoke against the eXtensiV
CEaAge as Congress vas about 70 expire
and added;
I want 10 say 10 the gentleman frou
Maryland (Gornan), who has given no
tice Of II O'Clock sessions, and the gen
tleman from kentucky (Bl3ckburn), VIII
appears so anxious to expedite appropri
aIioD bills. that if they persist In attach
tng general legislation TO appropriatiol
bills they viii not make much PROGRESS
No Tbrent Jutended.
"Do I understand the senator to maxi
q threat" said Mr. Blackburn, that
amendments which do not suit hiF hypo
rriricei taste are offered, he and his az
sociates viii not allow these appropria
4ien bills TO be passeoT
.ANsot at ALL" said Sir. Aldrich. but
flffs; process is persisted in the gentleniat
should understand that there is grea
danger of an extra session
Tt V0ag agreed that the vote on the rail
way postal car amendment should b
taken al 8 .. n. tomorrow.
There was A hot exchange Between Nj
Chandler and Mr.. Berry, Of Arkansas
objection which cut him OF from secur
ing the passage Of a land bin. Nh
Chandler made q point CT order agains
such "scolding."
y propose 10 say what I conceive t
be right" said Mr., Berry, and do nc
propose TO let the senator (Chandle), in
felfsre With that right.
Mr. Chandler said that Mr.. Berry ha
certainly been ScolGillg.