The morning times., 1896-05-28
President MUSTBORR0W
Elkins Says 1t Will Be the Next
Executives Duty.
BOND AND TARIFF DEBATE
Whole Field Was Opened and the
Butler Predicts POpulist PresI-
dent in November and Gets Some
Fun POked at Himself

The Senate spent yesterday afternoon
discussing bonds and tariff
Mr.. Butler late in the evening tried TO
secure unanimous consent for an agree
ment to take q vote. When this was re-
fused he tried to force the Senate into
continuous session by moving to take a
recess until 1855 today
An argument whether this motion was
debatable br not was cut short by a
motion made by Mr.. Nelson, of Minnesota,
that the Senate adjourn. The motion
carried so quickly that Mr.. Butler is
still wondering about it.
Mr.. Elkins, OF West Virginia, took a
tion and tangled up his Populist friends
Mr.. Gallinger, the new candidate for Mr..
Carter's place as chairman of the National
Republican Committee, made d strong
speech on tariff AMI Mr.. Daniel, of Virginia,
answered the remarks made the day before
by Mr.. Lindsay, OF Kentucky.
OPPOSED BY ELKINS.
Mr.. Elkins opposed the bill as 4 measure
that might, in certain contingencies, be very
embarrassing and might bring the govern
ment to standstill. The executive, he ar
gued should have power to borrow money
on some kind OF bonds.
''Do you claim that the President has that
power now" Mr.. Butler, the author Of the
bill. asked.
Il claim." Mr.. Elkins replied, that the
Executive has the power now tosell bonds. -
ITO raise reveuue?" Mr. Butler asked.
after the revenue is in the Treasury" Z"
Mr.. Elkins replied, nobody can sort it cut
and say what dollar came from revenue and
what dollar from the sale ofbonds."
DO you want the next President to have
that power?" Mr.. Butler asked.
II want him to have that power plainly,
clearly aud explicitly" Mr.. EIkins replied
''And that is the policy OF the Republican
party" Mr.. Butler queried.
POLICY ALL HIS OWN
THAT is my policy
Il suppose you are supporting tie candi-
date OF your party for President because
you believe that lie will be man who Will
take that position, " Mr Butler slid.
Il hope he Will, Mr. Elkins replied.
''If the country knews that it never
will elect him. said Mr. Butler.
After some further cul!oquy MIR Butler
sHid: When we elect a PopuIist Presi-
thrown open to the free and unlimited
coinage of silver, stop the draiB OF gold on
the Treasury, stop the raid OF foreign
bondh"lders, pay the bonds according tctEe
letter and spirit of tue contract in coin
OF the standard value which it had when the
Ia Of 1870 was passed.
Il should Ike Mr. Chandler observed,
blaadly aud gravely, 1.-The Senator from
North Carolina to give us the name of the
Populist President
Il Will tell the Senator" Mr.. Butler
replied. the name of the next President
on July % next. We VIII get it then
from st. Louis by telegraph" {.
PRESIDENT MUST BORROW.
Il do not think that We are going to
have Populist President" said Mr.
Elkins. But even If we are. what would
happen when you have Republicans Sen
ate and Republican House, if you now
repeal the resumption act: How would
you get money to run the government.
As business men. taking all politics out
Of the case, how are you to run the gov
ernment without borrow wing money? 1t
is impossible
Live within your income" Mr.. Butler
suggested.
I'VE cannot live within our income"
MT. Elkins replied. And the first act OF
the next President of the United States
will be to borrow money. no matter who
he is. Why not look at the case just as
it is. Here we stand before the world
as repudiating our obligations. as bank
rupt government. There is q serious con-
sequence to all this thing
BEER TAX DEFEATED.