Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-01-23
ANNUAL CLEARANCE sALE-EwINe BROS.
THE armenian SITUATION.
Continued from First Page)

Continued from FIRST Page.)
worn out old question which could not
| hope to succeed in the present Con-
gress was Unwise in the present emer-
gency of the treasury. 1t was abso-
lutely certain that this silver amend
ment, if passed. would be rejected by
the House. Why thus obstruct the re-
lief imperatively needed by the govern
mant? The deficiency had caused the
trouble, and the House had offered an
emergency tariff bill to overcome that
deficiency. Such relief should not be
delayed by thrashing out an old worn
subject.
Mr.. Cockrel asked if Mr.. Sherman
ment to say that the relief as promised
was wha. the executive had asked.
Mr.. Sherman said it was not for the
executive to determine the nature of
revenue legislation. That was for the
House of Representative under the con-
sJ;JuCOn. Ii was no, for the president
to say what was the best form of re-
lief. Ii was sufficient that the House
OF Representatives, the representatives
of ,he people, determined upon a mans
CT revenue.
At this point there was a colOquy Mr..
Gray Dem, Dell asked Mr.. Sherman
where this tariff bill was.
Mr.. Sherman-"I refer the gentle
man TO the Senator on his right Zones,
of Arkansas.
Mr.. Jones Dem, Ark)-"That bill
IS in the hands Of a Republican Com
mittee on Finance"
Mr.. ShGman-"That Finance Com
m.t;ee is to-day practically Democratic
One memebr of the Committee Zones.
Of Nevada has severed himself for the
time from the Republican members Of
the committee. But it 5 important to
understand that The Democratic vote
in the Finance Committee will author
re a report at any time"
Mr.. Teller asked if Mr.. Sherman
thought the bond bill would afford re-
lief
MR.. SHERMAN ANSWERED
that he did. The government had suf-
ferad heavy losses from selling 4 per
cent. bands and this afforded an OPP
pOrunity for per cent bonds.
Mr.. Teller asked how long it was in
tended to keep up the sale of bonds.
Mr.. Sherman-'As long as it is nee
essary to meet the governments needs
caused by the course of this admin.stra-
ton. In the meantime" continued Mr.
Sherman, "rhe Republican party stands
here ready to do It's duty; TO pay the
public debt, to overcome deficiencies, TO
raise sufficient revenues"
Mr.. Teller referred TO the selling of
bonds for the purpose of securing gold.
IF there had been no deficiency
there would have been no loss of gold "
said Mr.. Sherman. The gold had re-
ma:ned in the treasury for years. But
as soon as there was 4 deficiency the
gold began to go, because the gold was
used to pay current expenses. This
administration had caused a fright
about gold losses. The banks-to their
discredit-joined in the fright. Banks
seeing the government using gold had
adopted the same course. Instead of
maintaining their bank reserve in notes
they drew gold for their reserve.
In conclusion Mr.. Sherman said: CAS-
far as my voice can go I want it under-
stood that this delay arises out OF the
discussion Of an Cd worn out issue
the free coinaga Of silver-while we
should be turning our attention 10 the
practical reliefs before us
MR.. TELLER RESPONDED
with spirit: The Senator CMr. Sher-
mani and his associates on the Repub-
Hcan side. ne said offered no monetary
system. They stood practically with
the President. The Senator from Ohio
could not get up and lecture him as TO
urging a measure that could NOT be
come a law. This bond bill could not
become law. If there was to be a
play of politics it would affect bond
bills as we'll as silver.
Mr.. German. Dem, Marland0 an
swered Mr.. Sherman's statement con-
corning ths treasury administration.
He declared that the course eff the treas
urv now was the same as that under
Secretary Foster and as far back as tho
administration of Secretary Sherman.
The Democratic Congress had enacted
a revenue law which would have afford
ed ample revenue. But the income tax
had been wiped out by the decision Of
the Supreme Court of the United States
/ was an unforeseen event The ques-
ton was not one of party or CT politics.
The Senate ais,e could not determine
The elements on this great financial
subject. L was too great, too serious a
question. that Senators should stand
here bandying charges as to which party
is responsible for the present condi-
tons.
Mr. Aldrich, (Rep., Rhode Island)
and Mr. Lindsay, Dem, Kentucky)
joined issue as no ths political RESPONSE
bility for the deficiency.
At 5:2S the Senate adjourned until TO-
morrow.