The Windham County reformer. (Battleboro, Vt.) 1876-1897, 1896-01-10

Lock Horms-HiE Championing tn
Administration.
The senate had Il great financial tic
bate Friday, with attacks made on tn
Administrations from several sides
Sherman gave Il set speech, arraignln;
tho conduct of Secretary Carlisle TO
the use OF the proceeds of the bont
sales for current expenses and insisting
that the whole cause of our trouble II
deficient revenue. He read from Car
isles report showing that from 1879 I,
1891 the demand for Unto dStates notes
during period of thirteen years, from
July |, 1879. to July |, 1892, was only
SAB, $40, SOC, while the receipts OF golc
FIR U. S. notes during the same perioo
amounted to sil60, 600, 600, while since
then tho Withdrawals of gold have
been $3.50. 26G, 6l2, Though the revenue
deficiency has been only about SlOO,
600, 000l. He denounced Cleveland Is
and Carlisc's advocacy Of the retire
ment for grcenbacks as one to destroy
the chest paper currency the
country ever enjoyed, though he SAID
that in his opinion when the green
backs get into the treasury they
should only be rcissued in exchange
for gold He gave an extended review
Of the financial history of the last few
years and declared that there was no
need of syndicate for the bond issue
and that when he was secretary OF the
treasury he had no difficulty in float
ing popular loan. The truth is that
of his 1877 loan only sc, ll6 250 was
subscribed by individuals and banks
and the remainder of SO 3l3, loo was
made to the two institutions, August
Belmont 4 Co., and the First Nation
al bank of New York. Senator Mills
of Texas was armed with Il mass of
facts and figures on behalf of the
administration, which enabled him to
show that the deficit was inaugurated
by the repeal of the sugar duty. and
that the loss of gold had set in before
the revenue became greatly deficient,
and followed promptly on the enact
ment of the Sherman law. His speech
was regarded by those who listened to
it as one of the most telling replies
ever made to Mr.. Sherman, and pro
duced a strong impression upon the
senate. The Democrats, he said, had
turned over to the Harrison admins
traiion in 1889, 1920, 900, 600. How was
it, he asked, if tho claim that the
bill had produced sufficient
revenue was true, that in 1893, when
the Democrats again assumed con troll.
all that surplus was gone, consumed
and dissipated? But Mills WAS not
quite Just here. for some 5000, 900, 600
was used by the Harrison administra
tion to buy bonds, while there was a
revenue deficit that used up the rest
# tho e-ttrI,lnC hnfarp tho &c |
to power.
Hill also came to the defense of the |
administration and made four distinct I
md separate speeches in that line I
showing how bonds had been sold to .
'yndicates in the past, and especially
when Mr.. Sherman was secretary of
he treasury, and protesting to believe
t was the only way il could be done.
senator Teller, the leader of the
ilver Republicans, had another i'll
latGrcd tilt with Mr.. Hill, and in the
'oursc OF it denounced the present
of the finances as the di.
ect result of either dishonesty or i'm
'ecility. This angercd the Now York
enator as ii it were a charge made
gainst himself, and in replying to
nd denouncing it he delivered the
,armest eulogy of Secretary Carlisle
yer heard in congress. He defended
lis management of the finances, re
erred TO his great abilities, and eulo-
lied him as man who had re-
laincd poor in pocket during all his
ublic life
Elkins and Square offered lesolu-
ions forbidding any further bond sales
'ithout public advertisement and the
,nato voted 4S to six to take up tho
ormer. But the cooler heads among
le Republicans, Allison, Aldrich,
[oar and Hawley, averted further v
rangle by carrying motion for adj c
until Tuesday 7
The free silver combination in control o
the senate IN the finance committee n
ter all their delay has finally agreed !,
report free coinage substitute, =
it'll provision absolutely prohibiting {,
lie secretary of the treasury from
suing bonds. 1t will be reported by the
lance committee i'll place of the
ouse bond and certificate bill. This
i'll undoubtedly pass the senate, but of
'urse the House will refuse to concur y
I'd the bill will die in conference, af- CT
+ doing all the harm it can by adding Y
the financial nneasiness. al
The House appropriation committee y
ports a pension bill reducing the APP n
opriation for the next fiscal year
!, 600, 600 below the estimate of the
which was $40, 600, 900 V
the same time several amend pr
ents are made to increase pension
one making pension a
sted right. Another provides that, y
len an application is made new I'M
+ the law of 1890 and rejected and n,
plication is filed which is subse-
emily allowed, the pension shall date
I'M the filing OF the first application, oh
oviding the disability existed at
at time. The third amendment null
les that part Of the law of 1890 wi
itch prevents widow drawing a :,
nsion except where she is without
Ter means of support than her daily !!
,or. sa
The state department is reported to
in receipt of information of British !,
trigues in Nicaragua, 10 secure con- ls
j of the proposed canal by getting cat
, Nicaraguan government to with. to to
Nv its concessions TO the American
npany because of the long delay in
shing tho work, and granting new ,
lcessions TO an English company. 81
ere are even prophecies of another IS
message when the presi 59'
1t transmits the report of the Mic
ugua commission 10 congress. Any 4
trol by England would be a viola 30;
n of tho Clayton Bulwer treaty by con
ich both countries bound tho them
res never TO obtain or maintain such -, i
troll over the canal. But England Isl.
nd have the excuse that this is IL 0
what the American company is COR
king in its effort to get our govern I =
1t fo Uuarapten itc bopde ar raor 10 =,