The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-04-17
PETERS Resolution Taken Up
in the Senate.
OPPOSED BY SENATOR HILL
Thinks Such Investigations Are
Too Common
THE TEXT OF THE RESOLUTION
Senator Hill Disclaimed That He 4ad
Any Authority to Speak For the
Administration on the
GpLiac+
Subiect.

Washington, April 16.-The resolu-
tion for an investigation of the recent
bond issues was taken up in the Senate
to-day. and Mr.. Hill made a sensational
and dramatic speech in opposition.
The New York Senator defended Sec
retary Carlisle and his administration
Of the Treasury against loose insinua-
tions of irregularities and showed the
prevalence or charges Of this character
by presenting and reading in full the
charges made by Senator Chandler
against the friends of Mr.. Mckinley
that a levy of money was being made
ON protected industries in behalf OF
Mr.. McKinley's candidacy for the
Presidency. AS a further evidence OF
| the prevalence of charges, Mr. Hill
spoke of the sugar investigation, where
he said. one Senator, referring to Mr.
QUAY. had frankly admitted that he
bought sugar stock and had a right to
buy it. and to-day that Senator Quay
was the fayorite son of the leading Re
publican State as a candidate for the
Presidency. In the course of his speech
SIR. Hill disclaimed that he had au-
thority to speak for the adsninistra-
tion. The speech will be continued to-
morrow.
The early part of the day was given
to Mr.. Gray's speech on the Dupont
case.
The bond resolution Is as follows:
s.That a committee of five Senators,
not more than two of whom shall be
long to any one political party, shall
be appointed by the Nice-President,
whose duty it shall be-
First.-To investigate and report
generally all the material facts and
Irregularities connected with the sale
of United States bonds by the Secre-
tary Of the Treasury in the years
eighteen hundred and ninety-four.
eighteen hundred and ninety-fve and
eighteen hundred and ninety-six.
Second. To investigate and report
what amount of available funds, clas-
sified, was in the United States Treas
ury and on deposit in other places, sub
| iect TO the order Of the Secretary of the
| Treasury at the time the bonds were
sold or offered for sale; whether there
was or was not coin enough on hand to
| meet all coin obligations of the govern
ment due at the time said bonds were
sold, or when they were offered for
sale; what obligations were due at that
time, and the amount of each, stated
separately; what was the reason for an
unusual withdrawal Of coin from the
Treasury shortly before bonds were
sold or offered for sale; if such unusual
Withdrawals were made: who pnr-
chased the bonds, in what amounts
omd where, whether in the United
States or foreign countries, and il
what proportion, and from what per-
sons or classes of persons the gold was
procured with which to pay for the
bonds; what the bonds sold for, and
what was the market price for oar
bonds at the times: and what effect tho
bond sales had on the credit and busi-
ness of the people of the United States.
Third. TO investigate and report
as to the manner of disposing Of said
bonds; by what authority and what
contracts, advertisements or proposals
were made by the Secretary of the
Treasury in relation thereto; what
agreements or contracts, and whether
oral or in writing, and whetberpnblicly
or privately and secretly, were entered
into by the Secretary Of the Treasury
and any other person, or persons, with
respect TO the sale and purchase Of the
bonds; whether any officer of the Gov
ernment, or any person or persons for
such officer, and on his behalf, and IN
his personal interest and with his
knowledge or consent, entered into any
contract, agreement or arrangement,
directly or Indirectly, with any person
or persons, partnership or corporation,
company or syndicate, for the purpose
of affecting the price offered or to be
Offered for said bonds, or any of them,
with the intent and expectation to re-
ceive commission or personal reward
by reason of such contract, agreement
or arrangement; whether such contract
or agreement had any effect on the
prices offered.