The times. [volume] (Richmond, Va.) 1890-1903, 1895-12-27


might not be amiss 20 pause and ask
| the gentlemen 20 consider the situation.
The President has last Friday sent
message informing Congress of the grav-
ity Of the financial situation, and had, III
| his annual message suggested remedy.
| The Secretary OF the Treasury. In ms
able report, had given assurance that
| the revenues n the Government were
sufficient to meet all its ordinary eN-
pcn1itures Not only. tnat, but the Sec
| retary. that there was "A surplus IN the
| Treasury, that would reach through Two
The great party, 10 which he CMr. Tur-
ner1 belonged believed that though there
| might momentarily be a deficit there
was no question Of a sufiiciency on reNe-
rua The President asked FOR hnanclal
legislation. ana the pending bill was OIL
! fered az an annNei,
they had given a stone. They presented
| FOR legislation a proposition 10 further
tax the American people.
THE RESPONSIBILITY.
Mr. Henderson again took the floor. and
| in reply 20 the speeches on the Demo
cratic side. declared that the action OF
| the House to-day would show whether
| the Republican party was prepared TO
| take the responsibility or not. Repubh-
| can auuiause) Whether the country was
presided over by Republican or by
| democratic Executive. whether II was
! or there was n Treasury deficiency or
Treasury surplus. the Republican party
never shrank from It's duty 10 the couh-
| ". tApplause) -
| the proposed rule was to prevent the
| Offering of amendments by DemocIdta
which some Republicans might feel m
! clinod 10 vote for In the interest or iheH
| constituents; that was its sole opJe9t.
The discussion on the rule being closeu'
the vote was taken, and the rule was
agreed to-yeas. 2i3' nays. ".
The vote was on strict party lines eN-
| copt that Nessrs Connolly Oll), Helner
| pa Linney On. %, and Nilber u -
Republicans. voted NO with the Demo-
The bill was then read in full. and az
| 1880 T. NJ. the debate on II coinmenceu'
with three and half hours the tlme
/ 20 he divided equally between the t"o
sides of the House.
THE REPUBLICAN, SIDE.
Mr. Dinglev RepD or Maine, chairman
/ OF The Committee on Ways and Means
Opoued the discussion for the majority
Sic said that when the president spe-
cial message was read az the tltlh >
desk last Saturday. informing Congress
that There existed serious conditoh
In the finances of the country ana OF tne
Federal Treasury, and Appearing 10 lhe
Senate and House not 10 take recess
until relief was afforded. every MEMBER
House not only special responsibility,
but an urgent demand for immediate
action and that II was the duty OF the
House to remain in session unth some
measure Of legislation was passed tnat
would afford relief 10 the eNlgent state
OF tho treasury
The Committee on Ways and Means
had taken the matter up ana proceeded
20 consider what measures OF rene.
should be proposed. The first thing that
had attracted the attention Of the Com
mittee ON Ways and Means was ihat TOT
two years and a hall there had been
constant deficiency OF revenue; untll that
want had become chronic. lie knew
that gentlemen on the other side claimed
that the revenue was suiiicent, hut the
fact was that from the lst OF July, 1856,
Up TO to-day. there had Dcen an lhsuI-
foiaucr Of revenue 10 cover the current
expenses OF the Government TO the aG-
gregate amount OF Sl2i.OoDWD. Ihe de-
hciency for the current year was over
81. .JDU.Oo0 and tor the current month
of December the deficit approNimated
three millions.
WHAT DID HE MEAN
What did the gc1ucman mean, ana
what dld the Secretffy of the treasury
mean in saying that there was no hetu
Of additional revonuef
They meant that with the proceeds or
the sale OF bonds and the use OF the
greenbacks received Tor them the re-
ceipis exceeded the expenditures. II
seemed 10 him. and 20 the majority or
the Committee on Ways and Means. tnat
the first course TO be taken was to leg
islaie so as 10 provide sufficient revenue
So meet the expenditures OF the Govern
mcnt.
Mr. DingIey went on TO discuss and 70
! uphold the bin in detail, and said tnat
| IL n became n law IL would not only IN
crease the revenue by over S4p'VDuup a
! year. but also give to the business IN
| terests Of the country the moral inru-
! ence Of q Government which was sol
vent, which paid its debts, and whose
credit was second 10 no dovernment
on the face OF the earth Wepublican ap-
| plause.
Mr. Crisp said thai the bin. in order 10
| De responsive TO the request of the prcsl-
/ dent. ought 10 be ln lile with the sugges-
| Insisted. from Secretary Carlislc's report.
| that the cash balance Cf the Treasury on
| December /, lsg5. vas $40 900. being
| S.f~.ihH fa4 in excess OF the gold res rye
aud S77 100000 in excess of any sums
necessary 10 build up the gold reserve.
| There was, therefore tquOtlng Mr.. car
| lielej, no reason to doubt the ability OF
| the Government 10 discharge all it's cur
| rent obligations during the present iinan-
| cial year. and leave a large cash balance
/ mt its close. without imposing additional
| taxation IN any form on the people.
| His friend from Maine (Alr. DlnglcyJ
/ knew-no one better-that there was IN
| the Treasury to-day over and beyond
| the gold reserve more free money three
| times as much as any deficiency that
| might occur during the finance year III
was not "A question of borrowing money
| 10 meet expenses. The money was al
ready borrowed, and was I'm the Treas
| ury, and the question was whether lt
| should ho used now or whether the House
| should rush pOst-haste TO impose addi-
| ti0nal burdens on the people in order TO
| pile up money In the Treasury.
CRlSPS TAUNTS.
| Mr.. Crisp went on 10 taunt the Com
| mittee on Ways and Means with report
| ing lin for horizontal rise of dates
| after all the ridicuie winch had preil
east on Mr.. Morrisons bill FOR hori-
| 1untai cut. ana he said ihat the cuect
| of The pending measure was 10 declare
| shat the Mckinley tariff act was Oo per
| cent right end 80 pnr cent Mfohs
! U.auehter) He quoted Mr. Mckinley's
| criticism OF the Morrison bill as patch
| work and n proof Of Incidence, and said
| that on the issue Of the pending measure
| the parties would go before the people
| I'm the next presidential campaign, and
| he had 10 doubt that the people would
| respond as they had always responded,
| i'm favor OF themsclves-that was, Ia favor
! OF lower taxes tDem9cratic appiauss.}
! Mr. Wheeler argued against the pending
AIR payne. a member Of the Committee
| on Wavs and Means, said tfat the he
| nutlicaus OF the House, being willing 10
| meet the responsibility which was on
| them to-day. had reported a bill 10 IN
| crease the revenue. Two years from now,
| however they would meet the response
| hlitv of that hour. and would present TO
| the House and Senate and 10 a kepubll-
| can President, a bill for the protection or
/ American labor and American agricu-
| ture. and would write It on the statute
| book (Applause)
| REEDS WARNING.
| AR McMillin. "A member Of the CommH-
| too on WAYS and Means argued against
| Inc bill. and reminded the Republican
/ fr..tg,H .f he ..rfeh afarpfuv