The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-02-26

members of the party to which claim to
belong. who shall take part In II"
Republican party. butt allude TO the fact that
there are eighty-nine Senator'S In this body.
OF which the Republican party has forty-four
only. who claim TO be Republicans Or
course we are In the minority
NEWSPAPERS SCORED.
Mr. Teller-Of course we knew that before.
The suggestion is that we who have not
voted to take Up this bill are not Repub-
leans. For thirty days the great Repub-
lican metropolitan press has read out of
that party enough members to make IL
In the minority. IL 1t had heretofore ma
5ority here Every man who voted for the
free coinage amendment 10 the bond bill.
no matter what was his motive for voting
for II. whether ne was free coinage man,
and anxious 10 promote that purpose and
that end, or whether he against the
bill. has been read out OF the Republican
party by the Republican press AT the
the great metropolitan Republican press has
declared that eighteen members OF this
body are not worthy to be called Repub-
less we change our views financial ques-
tons and submit to the Cleveland Democracy
and Morrill, Republicanism OF this country
on the financial question, we must go out
or the party. Mr.. President we can get
along without the party as Wen as the
deny the right of either the newspapers or
members of the committee on finance TO
read US out OF the party. We shall stay
In the party until We get ready TO 90 out,
and we shall discuss these questions that are
so important, not from a partisan stand
point. but from the standpoint of an Ameri-
charged with doing that which the Senate
has shown itself incompetent TO do, and
nobody more incompetent than the men VINO
ebarped to- brng to this
try prosperity. which has been denied to
II under our legislation now for twenty
years; charged to devise some system that
shall satisfy the people that we can enter
on that degree OF prosperity to which we
are entitled by reason of advantages which
protest and TO say that / am not to be
frightened by the sneers of the chairman OF
the committee nor by the attacks by the
press. i shall do what / think II Is my
duty to do here. regardless OF consequences.
and IL seems 10 me that IL would be In better
taste and more c in accordance o MIN the
less here and elsewhere about our partisan
duty.
Mr.. Sherman followed Mr.. Teller and
said: Mr.. President, as a member of the
committee on finance disclaim al partisan
feeling in respect to the bill which the Sen
ator from Vermont moves to bring before
the Senate. That bill does not belong to
any party. The only merit in the bill is
that 1t proposes to furnish s4o0c0,0o OF rev.
enue for the support of the government,
enough to meet the current expenses of the
government 1t Is a bill prepared for an
occasion. not political one- L say, now.
Mr.. President / shall vote for any tax
whatever which may be proposed by any
body. whether Democrat. Populist or Re-
publican, which shall supply SUFFICIENT rev.
enue for the support of the government IL
IS disgrace to our civilization, II is
disgrace to the country itself. that we
than the receipts Of the government and
that the Congress now In session. with
both houses fully armed with the power 10
act. / will vote for a tax on tea, on conee,
on anything. in order to meet this deficien-
ey. and l say that II the present &C Congress a
rations now made to US. or the omciai re-
ports sent to us. OF the statements made
by the OF the the Tritsd Sst
are now going on. day by day, like care
less spendthrift TO involve the country In
debt. selling bonds when 1t Is the duty OF
Mr.. Peffer-The President asserts that We
do not need any more revenue.
Mr.. Sherman-I do not care what the
President says.
Mr.. Peffer--I thought so.
Mr. Sherman, continuing, said: Every
that we need more revenue. There is
statement showing that since the first day
of July and I'D to the present month OF
February, 1896, there has already been
deficiency In the current revenue OF SO, 696,-
coo. and that before the end OF the fiscal
year, at the same ratio, the amount or de-
ficiency will be $3OO0O,Ooo liz such condl-
ton should occur in Great Britain or any
other country where they nave parlla-
mentary law 1t would dethrone any party
I'm power and an immediate effort would be
made to increase the income tax or TO
provide some other form or taxation 10
meet the current expenses Yet now, every
day and every hour since the passage OF
the present law, and even before, In view
OF its passage, we have been running into
debt and increasing our debts. There IS no
occasion for ii.
SOMETHING NECESSARY.
"A tax on tea and coffee would be paid
cheerfully by the people OF the United
States. Any tax whatever, the most OBJ
noxious that could be collected, would be
supported by the people of the United
States rather than to the funded debt
increased Already s263.0OO,OOO of bonds
have been issued during the present admin
istration. The issuance of the great body
OF these bonds was made necessary By a
deficiency of revenue, and for the re-
mainder, ii was caused by the doubt
whether under this process OF financiering
we should be able 10 maintain the standard
Of our money in this country.
Sir, i have not one word TO say about
Populists, / have not one word to say. TO
wound my friend. the Senator from Color
ado (Mr. Teller, or to anyone else; L do
not wish TO arraign any individual, but
what do is to appeal to the Senate of the
United States. The other house having sent
over so faulty a bill, let us take IL up, and
II IL Is not right let US make IL right and
send IL back to the House. and We will have
a ready concurrence. But for US TO ad-
journ with these deficiencies accrulng more
and more, is. as say, not manly action
TO be taken by either OF the great parties,
or by any party that is responsible for it,
Any private citizen who would pursue such
a course in his financial affairs. however
rich he might be, would soon lose his cred
II and his reputation for solvency and good
sense. There is no poverty in this country,
no unwillingness to pay taxes, no reason
why taxes should not be levied. and il the
taxes proposed by the bill are not right let
us, in the name of heaven, provide others.
1t Is sufficient for US to know that our
duty Is not yet performed and IL the Sem
ator from Vermont does not 1 will, at the
proper time and under proper circum-
see what the defects are.
Every Senator here appreciates the ne
cessity for Increasing revenues Every
Senator knows that the hopes and expec-
tationS OF the President and the Secretary
of the Treasury, made in their reports.
have been erroneous, not from any willful
design on their part, but because they did
not see the natural tendency. of a course
OF measures which every day left the gov
eminent more and more in debt, and every
month the necessity
Mr.. Harris-Why does not the Senator
from Ohio advise the Treasury Department
rofr the e. OOO 900 of -