The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1896-01-15
A COMPLIMENT
McLAURIN. BY REQUEST, EX.
TENDS HIS REMARKS ON
THE BOND ISSUE.
He Clearly Shows the Lack OF
Authority and Demonstrates
the injury that is Being
Done to the People Now
Suffering from vi.
cious legisla-
iion


Suffering from vi.
cious legisla-
tion.
Washington, jan S.--When the bond bill
WAS under discussion in the House, the
time for debate was limited. Congress-
man McLaurin attacked the measure Wig
orouslv in the ten minutes allotted to him.
His remarks attracted general attention.
and many of the Congressman who thought
like he cid asked him to further develop his
speech for publication in the Congressional
R-cord. This he has done. In addition
to lis remarks as already published in The
Times. the Record contains the fol-
lowing:
Mr. Speaker. for fear my position upon
til. alleged gold reserve fund may be mis-
understood desire to say like many other
nsnrpations of the Treasury Department
it's legality remained unchallenged until
somewhat recently. During debate in
the Senate iu 1899 the following statement
was made by Senator Sherman, the origina-
to. of this fund:
1T is certain from that day to this every
officer charged with the responsibility has
treated that as iund set apart for this pur,
pose. and the man wao, IN violation OF tina.
statute. as Secretary OF the Treasury. should
reduce the gold balance ,'r tae redeinpion Ion
of United States notes otlo" Sloo'oUU,ooO
would be lmpeacAaoie loc hlSh CRIME ana
mislemeanor.
The Senator referred 70 tae lme "neh wen
this funi was c:sa'eu' o':' "", very caie; ; u.
not to nentloii tnc p4ee''e ',"'u,e =, Nnlea
provided for II. ocoat,L C"eAte's Ieiuseu
his consent 10 He''a'ot ',net Inan s'"'einen'
and em mpna'ica.'y "eo'''i"
"Ihese IS ool oie p'IIice ot a. ID" ~
tne s'al'te o:o ~. y. Up Trsas.,rv . ~ nann,tn,on,
ing or rsqa!fdng one one iien'"ty Uep"tstucu
to hold Sloo'oVU,ooo oi goa ios tnc feoe'np,
ton OF Unit" Sl"'1s '1''es o'' % We e''''
them' IeR"; 'enm ris o., ,,,.,, ..,,,a
Senator lHSal.s also oec.afea Il ths s"p'e
t'ae; .,,;. s,,o ooo ,oo :; ~.
"Ihe Cam l'.'t 'a's S1oo'ooo'"oo ~ .n'
Treasury Is necessary W .u"inCaln .ne
credit OF thiS ha''o'', 'u.'' y e'e1 was pte:t2
ed to be deposited me: - 'u"t'e' VI 80 =
or o. ploi!c hoi'o'' 10 N'''oN' ~
dream ,,
This ieC"'" mas eo1i.asu t,n. ~ .lI some
!enetn anu .uo .,'. to'n W. Sr.hn,;.n @ W. cav. ~
hsue"' ''' 49,. So S"a-,',nrv or ,,,s .rra..,~,
price OF tne oec'e'"i W Tue .,! t!easutt
could be fonta i'i 'ee'.ui u'"',ns 'uis fI''
idle reserve; ana Sc1"ha' no law couiu oe
discovered tnnC l'el'i'tt.o" 'ts oeiuS pI'o
ont in the inanhef adopted. FROM tha'
date until tie present no one has been aoie
10 find lane of law providing for this re.
serve. IE NY opinioA II saoillu be covefe'!
into the Treasury rs Il miscellaneous fund
aud The Secretary OF tnat DepaftEent COM
peliei to treat ali the oo''saVionS Oh govern
ment alike. hat portion OF the ACT OF
January Il, 1872 referred 10 "a thls bl!!
reals as follows:
Sec. 8. And waener"t an" 80 Que" Us
circulating rotes s1Al oc lSsaeh 10 any
such bnnk:ns ;t'sociae.o:'' 80 increasing Us
capital OK circulating hoteS' o. 81 newly or,
s.iized as aforesaid. II s.ial1 oe Ins uu.y OF
the Secretary ei ia t.o, t.s.'u': ~ te tue
legal teller s nv, o'G9% oNn :" ,Io .nonn+ ~ e.
only OIL s'oo.oo''ooo " ~. n.,;,,n.l L.nr uo,.S
per cett: OF 'iie sun ~ ;a,',.;a"S
so Issued 10 az .uen ,,;,,,a - ,,sh -,
40 "to. or,n;, ,.;rcnl,tino notes are issued
tlon as sQch e1IS"."'tu I,, ~. a',u' $50 ~
until tceIe sna'l ue o",'1"1 i WV 80, Te,a y,
SOo,Ouo'ooo Oh sueu ie"' 'eDue oAt'So
states no.es, aau .,a, uu ~ .h. ~ 40, of J.n,orv
AN" o on tuu .I "r.,ar, go. ~ ~ .rrassn.,
a. ~. lo'9. 'ne 90 49, ths un;.ai Stata. I.nsl
Si'"'i fe"ee'n 80 ,h.n onf.,,nI;no o.,
,enuer ,.;on no.es w. tor re:isn,t;o- ~
'neif ul. p@ ns;ce of the assist.
at oue nI or tho Tnitea states
anu ile''a;U 49,. of Nav York in
IA tue NOT less Than s5O
."u,o =. ,..lIa the Secretary cf tie Treasury
Aou w -,roy;I 10 for',he relemniion
" piep',i. 90, ,.her;z..d or rponjrcd he j.
~ 80 ~ ,,.l .nr,,l,s revenues from,
au'no' '.u 10 ,ha T,r.s,rv no. otherwise
'iihs " 49,. and n ;ssna sell ana DIS.
appiop'ie'.u' I.ss t,,,n mar in c,io .ither
pess ot' aaso,I,,t;on "s of the bonds of the
Q. tne ues c.s,a., aaS,.,;hed in the Act Of Con.
on''e'. 'Sod So. JrIy IL 1870 ent,tI.d An
So IN, o,.;z, the retundiuu of the na.
~. " ,SI,. nth Ike ouuli;ies privilege,
go ',n,,;nn :, the extent necessary to
"to eAsnP -. f,I, .ff.c, or1 N nse
C1'i, 'n'' az. .ior g., ~. ,,,rnosa ,fnr.-
'he l,toceeo' eve
sala. -. c.r S,e-,,on ,be,
Onoel 'ht, .A r,n....,,,.,. eli cY, 5GO On0
secretary - sne o. % oa,,t b',,.,.; ,or ooI5 and
OF ana - P.t son s.,Io1 raSs,ys rnn.i
sSo'o.:neu .",: s:,n,1 s.ns To redeem and
Inc otjesI W. . s.o,as no,,.s or or,..nbecks
te'lfe Tue 49, t,,.m ortsInnl:no S375 :
from .ne atno",, s9no u(lIl Coo Tbis wa,
ni'o'o, ''o". ,Ir,ilv as additional bauk
70 oe uo"e 5,.sz,. s ;Ssnsj 10 ths banxs In 1876
c'Fle"eS -; w.. s5 900 2os In 1877 there
there "''' ic..- 80 s:nnnT y52 DpriDu 1878
md I nv to the passage of the bill forLiddiug
ana up ~ ,bar | destruct;ou there was retired
=. .ne't nos rsetI ore ~ totul of SO U9O, 564
e'2'eoH' 'i"' ~ r,;.,.o 1be na,nIa rr.w unensy
IL tne .n,'a.,S, ne. |f .baSe ls7ol render,
over lie Sam'a,c,ra,;,.n ueS'' nf s,Ivrr xn;i rs \
ale ri iI,is AGITATION tie Act Of May 81,
ftSnl' lfSa Oh tuis "e - !. rsa.j.. ''
100 ""' F~o, -. ,hs San.., on1 Honca
II et"o.o. - - ,hs % Ted S,,t.s oi
OF hep!c:entt' w" 'a. ,,;'I'.i H., from
Anefiei IN oons esS "ose1 90 ,i;N ~ .r. !. s;,nI
MI" aller the !.'s, ,ar,. W. 49,, a. 49, -, v,.a..
pcl oe ~" 49, Etc. e.. 49,, -, r,.c.I or
Try C. c''si '-'ee r,I -" -, Ia,,,I