Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1896-01-02

Washington, Dec. 27-The repub
lCan members OF the house who are
opposed TO the bond bill to be voted on
today, met in caucus last night to ma
turc plans for the opposition. Forty
members, representing tWenty-threc
states, were present. 1t was claimed
by The leaders that not more than halt
OF the republicans who anIagOnlze the
bond bin attended the caucus and that
they nave enough votes to defeat the
bin, unless it is modified. The sentl-
mcnL OF the caucus, as it was voiced in
numerous speeches, was in opposition
TO the issue OF bonds, in time OF
peace and that greenbacks ought not
to be retired, at least i'll the manner
prescribed by the bill. There was no
little talk to the effect that the com
mittee Oh rules should give the rank
and file OF the party an opportunity TO
express their opinions on the proposed
legislation before it was adopted as
party policy. The caucus chose COM
mitIee TO confer WIN the speaker and
/ the committee on rules and ask for an
extension of the debate on the bond
bill 10 two or three days
The proposed bond bill Is as follows:
THAT in addition to the authority
given 10 the secretary OF the treasury
by the act OF Jan. IA, 1875, entitled An
act to provide TOR the resumption of
specie payments, he is authorized
10, Hoo. ft.,p m
issue, sell and dispose Of, ut not les'
than par, in coin, coupon or registered
bonds of the United States TO an
amount sufficient for the object stated
in tins section, being not to exceed )
per centum interest per annuin, pay
able semiannually and redeemable at
the pleasure OF the United States III
coin after five years from their date,
with like qualities, privileges, and
exemptions provided III SAID act lor
the bonds therein authorized. And the
secretary OF the treasury shall use the
proceeds thereof for the redemption OF
emitted States legal tender notes and
for no other purpose. Whenever the
secretary OF the treasury shall Offer
any OF the bonds authorized Tor sale
by this act or by the resumption act
oi $40, he shall advertise the same anu
authorize subscriptions therefor to be
maze at the treasury department and
at the subtreasures and designated
repositories OF the Omitted States.
THAT to provide Tor amy temporary
deficiency now existing or which may
hereafter occur, the secretary OF The
treasury is hereby authorized at ms
discretion TO issue certificates OF IN
debtedncsS OF the United States to al
amount not exceeding 500 900 900 pay
able IN three years after their date Il
the bearer in lawful money OF tht
| nllcd states OF the denomination o
so OF muluples thereof. viii
annual coupons ior interest at IN
rate OF per centum per annum and u
sell and dispose OF the same for no
leas than equal amounL OF awlu
! money OF the United States at tn
Icasuly department and ut the sub
treasures and designated deposltoric
OF the United States and at postoilice
rs Ilt llluN Stliti, Anu tNllNll N1ltAll
Gates shall have like qualities, priv
lleEvs, and exemptions provided in sal
Z resumption ae, for the bonds therei
authorized, and the proceeds thereo
shall hc Iaed for the purpose pre-
srrihcd IN this section and for II
i, other"
There may be an important chang
made Ivy the ways and means commit
zee III the bill Considerable dissatls
faction has arisen among the republic
ans since the text Of the bill was mad
l. public. the dissenters asserting that
II could he used by Il hostile administrt
l. ton for the permanent retirement {
y. the grtenbaeks In Wednesdays con
le mittee meeting Il similar charge W;
l. made by the democrats, that the repui
T. leans proposed to secure what the
n had always opposed and what Pres
Of dent Cleveland advocated retircmel
l. of the greeuhacts