The morning times., 1896-05-06
BOND TALK IN THE SENATE
MIR. Hill Defends Secretary Car
isles Action in the Matter.
HAD A RIGHT TO REJECT BIDS
Mr.. Pettigrew Holds That the Gov
ernnlent Was Free to Sell at the
Reference to Replies TO It's Adver-
tisement-Laugh on Mr.. Quay.

The Senate yesterday made Some progress
in the river and harBor bill and rassed a
number OF minor bills, but most OF the
day was given up TO a discussion of the
Peffer bond resolution. This discussion
will be taken up again today and Mr. PEI
fer has some hope vote Will lie reached.
Two other matters, however, may occupy
considerable time.
One OF these is Mr.. Calls resolution
asking the President TO fnterpose with the
Spanish government in behalf of persons
found on board the ship Competitor Which
was captured while carrying contra band
articles TO Cuba; the other is MIR. Chandler Is
resolution that the suggestion OF the alb
sence of a quorum shah be in order even
while motion 10 adjourn is pending.
Mr.. Chandler said he Offered the reSo-
luton as result Of the experience OF
the Republicans the previous evening,
when an adjournment was agreed TO before
they could get their men in from the COM
mitteee rooms.
The debate on the bond resolution was
mainly between Mr.. Hill and Mr.. Petit
grew. The latter maintained that Sec
retary Carlisle should have sold the S4,-
100000 OF bonds upon which Mr.. Graves,
as bidder, defaulted, at the highest price
he conld get. without reference to the
bids received in answer to advertisements
MIR. Hill held that as the Morgan Syndi-
cate was the the next highest bidder to
Mr.. Graves in answer TO the advertisement,
Secretary Carlisle was obliged TO award
them TO the syndicate. The de cision
between himself and Mr. Pettigrew on
this he was willing to leave to the American
people.
Mr.. Stewart said Secretary Carlisle was
free to reject any and all bids.
THE JOKE ON MIR. QUAY.
Mr.. Hill deserves the better part of an
hour TO The discussion of the Graves case,
and had read, in connection with it, the
affidavit of Secretary Carlisle He de-
nounced the whole thing as Persecution,
gettmgHp scandal, and throwing mud"
Referring TO Mr.. Graves withdrawal of
his suit here MIR. Hill said he supposed the
enemies of the administration were disap-
pointed that Graves had discontinued the
litigation.
The next thing in order would be resolu-
tion requesting Graves TO reinstitute his suit
for the benefit of the Senate and OF the
country.
There was nothing in the Graves business:
there was nothing in the whole bond issue,
that was not as clear as the sunlight of
heaven. In connection with 1t he read an
article from Philadelphia newspaper, Mr..
Quay's organ, in favor OF "a recent Penn
nation for the Presidency" daughter
As tending TO bring into contempt the
practice OF proposing Investigations of all
subjects, Mr.. Hill read q letter which be
had received asking him to propose an
investigation as to the removal from of
flee of GOV. Hughes Of Arizona. and a Sc ries
OF resolutions gotten up by THE Anti
Trust Legion OF America'-of Fifth avenue
BrOoklyn-which presented. he said. -. de-
itrlt nj FfDiNy
Brooklyn bridge, Brooklyn streets and
Brooklyn highway robberes, including
a CenSure of myself" 1t was that sort of
feeling. he said, which Senators were
trucking to-. II was the POpuIst senti-
mcnt. 1t was the clamor against cauital.
1t was the effort to anita goniZe men of
wealth. SenatorS We're simply pla ying with
fire.
Mr.. Hill had read by the clerk the agree
mcntbctween the Secretary o fthc Treasury,
Mr.. Lot Morrill, and the Rethschilds syndi-
cate in 1876. It was followed by the read
ing OF several similar contracts in 1877 and
1873. Mr. Hills object in having these
papers read was TO show thattbese financial
syndIcates were not modern inYen ton.
and that although government loan might
be called Il popular lean" it was the
capitalists who get the bonds. He said
that in the coming campaign he wanted
these Republican syndicate contracts to
stand side hy side with The Carlisle syndi-
cate contract.
MR.. PETTIGREW CALLS 1T ROBBERY.
MT. Hill yielded TO Mr.. Pettgrew. WHO
read what he called IA history OF The
bond sales OF the present administration"
their object being, he said, to destroy +he
use of silver as money and 70 allow Ger
tain persons to realize enormous profits
Mr.. Petugrew laid much stress upon the
defaulted Graves bid for 81 4.500 600. and
on the fact that those bonds had been
turned over to the syndicate at It's fnd
of 110 7-1o, although the Investment cor
poration OF New York" had made an
offer OF ia l-2 for ali the bonds of
defaulted bids. This action on the part OF
the Secretary OF the Treasury. Mr.. Petit
grew said. had given a profit OF $3.50, 600
to Morgan & Co.. and he intimated that that
profit had been divided between the Secre-
tary OF the Treasury and that syndicate
Of bankers. The whole transaction was
'rotten and dishonest and corrupt to the
core"
Mr.. Pettigrew criticised Mr. Sherman
for his Endorsement of the President and
Secretary OF the Treasury in the bond
transaction.
Mr.. Hill inquired who was more COM
petent TO speak on that subject than the
Senator from Ohio.
Il 90 not dOuDj tnat the Senator from
New York and the Morgan syndicate -
said Mr.. Pettigrew. will forever pro-
claim that the Senator from Ohio is the
best authority that can possibly he found,
so long as he openly iudorses the plunder
Of the people and the robbing OF the
Treasury"
The matter went over with Mr. Hill
still occupying the floor.
The Senate then took up private pPn-
sion bills and passed twenty y-seven of them,
including the following:
Increasing TO SO a month the pensions
OF the widows Of Brig. Gen. Samuel d.
Sturges and of Brig. Gen. Thomas L. Casey.
chief of engineers, and to $50 month
the pensions of the wido ws Of Gen Thomas
W. Sweeney and of Gen. Horatio P. Van
Cleve.
On the river and harbor bill the item
giving $50, 900 fer the Sabine Pass, Tex,
Improvement, with the continuous contra ct
clause. was allowed to stand as passed by
the House; also similar item for Savannah.
Ga, was restored TO the form in which it
passed the House. the aggregate cost be-
ing reduced to 1887 ESQ Mr.. Frye spoke
Of the great pressure brought to bear in
securing big contracts, and said the com
mittee room was besieged.
TO PROTECT AMERICAN LABOR.
Mr.. Barney of the House Committee
Returns Favorable Report.