The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-06-03
Further Issue of Bonds Pro-
hibited by the Senate.
BY A VOTE OF 80 TO 25
The Debate on the Bill at Times
Sharp and Animated.
A FLOOD OF AMENDMENTS
The Bill as Passed Contains Only One
Sentence and Prohibits the Issue
of Bonds Without Consent
of Congress.

Washington, June at cloch
tonight the long struggle in the Senate
over the bill to prohibit the issue of
bonds came to an end, and the bill
passed by vote of SO to 25. The bill,
a.. passed. covers only three lines, as
follows:
BE it enacted, that the issuance OF
interest-bearing bonds of the United
States, for any purpose whatever with
out further authority of Congress, is
hereby prohibited"
The voting did not begin until $50
D. M. at which time the chamber was
dimly lighted, and the galleries almost
empty. A flood of amendments were
first voted down, all being defeated.
One, by Mr.. Aldrich, of Rhode Island.
gave the Executive power TO issue
bonds in certain emergencies, another
by Mr.. Aldrich provided that the act
should not impair the obligation to pay
in coin.
Mr.. Hills amendment that Treasury
notes be retired when redeemed, was
tabled, 43 to IL.
Mr.. Quay's amendment for the sub
stitution of coin notes for Treasury
notes was defeated without "a yea and
nay vote.
The last preliminary vote was on Mr..
Hills motion TO postpone the subject
until next December, which was de-
feated. Then came the final vote, with
the result stated.
The debate on the bond bill lasted
throughout the day, and was at times
very animated.
Mr. Cannon (Utah), made speech
replying to criticisms of the five Re
publican Senators, including himself,
who voted against the Dingley tariff
bill, and declared that the measure was
| a legislative monstrosity.
Mr.. Cannon asserted that the inter
mountain States took Henry NJ. Tel
| Ter as a leader, rather than the Senator
from Ohio (Sherman).
Mr.. Allison expressed his strong be-
| lief that the United States could not
| enter alone upon the coinage of silver
at the ratio of 16 to /.
| Mr.. Chandler appealed to Senators
| on the other side of the chamber to join
| in patriotic measure to sustain the
| ccuntry's honor. Mr.. Chandler also
paid a tribute to the personal integrity
of Mr.. Cleveland and Secretary Carlisle
| Mr.. Teller spoke in favor of making
silver the first and paramount ques.
| tion.
Mr.. Burrows declared that it would
| have been better had the country gone
| down in the storm of war, than that a
| measure taking away the last prop to
| its credit should pass.
Mr.. Palmer Qllinois), also opposed
| the bill
Before the bond bill was taken up
| Mr.. Morrill,, of Vermont, Chairman of
the Finance committee, spoke on tariff
and finance.
| d Mr.. Vest gave notice that he would
move tomorrow to take up the River
| and Harbor bill veto.
At p. M, the Butler bond bill was
| taken up, the Indian conference report
| going over.
Mr.. Aldrich offered an amendment,
as an additional section to follow that
prohibiting the issue of bonds: 'Un-
| less, in case of emergency, it is neces-
| sary, in the opinion of the President of
| the United States and the Secretary of
| the Treasury to issue such bonds in ac-
cordance with the provisions of exist
| ing law, to preserve the public credit
| or to meet obligations of the United
| States created by such existing law
which cannot otherwise be met, and
| all such bonds when so issued shall
| first be offered at public SALE
Before the debate proceeded, Mr..
| Hill suggested that a vote on the
| Brown resolution, declaring future
| bonds illegal, should follow the vote
| on the Butler prohibitory bill.
| Mr.. Brown assented and Mr.. Butler
| wanted D. m. tomorrow fixed as the
| time for the vote on the Brown resolu-
ton. Mr.. Hill insisted, however, that
| the "whole bond business" should be
cleared from the floor to-day.
Objections were made, and no agree
| ment was effected.
Mr.. Brown then resumed his speech
begun yesterday, discussing bonds and
free silver coinage.
Mr.. Brown was followed by his
| Utah colleague, Mr.. Cannon. They
had occupied different positions on the
| DingIey tariff bill, the former having
T! voted for and the latter against the
consideration of the bill. Mr.. Cannon,
replied to structures made on the five
| Republican Senators voting against
the Dingley bill. He resented the
charge of insincerity. He character
! lied the tariff. bill as an ''iniquity and
monstrosity of legislation" sectional
and unjust. He had been acquitted
+ by his conscience and by his constitu-
! ents The five Republican Senators
who voted against the tariff bill, he
said, have the consolation that they
need, each having received the endorse
ment of his people at home. Mr.. Can
non referred to the choice of Senators