The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1896-01-04

NSAuoAiSC Will tiV1h 10 .
Mr.. Cannon, rep. Illinois, said mat
the resumption act Of 1876 was a repuo-
lican measure passed in time of peace,
authorizing the issue of bonds. Under
that law Secretary Sherman sold sta.-
600. 900 OF bonds and secured he gold
with. which to resume specie payments
in 1879. From that time until 1893. when
Cleveland came in the second time,
there was no necessity for an issue of
bonds. There was an hour in 'tha.
period when the We're not SUI
f1cient to meet the expenses. In that
time the interest bearing debt was de-
creased 81, 200, 600, 900 and the annual liz
terest charge reduced from $50, 500, 900 20
$23, DOC, 900.
Ever since the democratic admini:-
tration came into power, there has been
deficiency, distress, idleness. poverty
and panic. Cleveland came to congress
and asked relief. The republican hol,a,
the only republican branch of govern
ment in existence today. particularly
forgetting its personal interests anA de-
sires. responds to the appeal in the
measures reported from the committee
on ways and means. ..
what are o democrats doing? You
offer nothing and you offered nothing
In the last congress. The republican
house being the doctors. propose a rem
edy which in their opinion will reach the
roo of the disease. You democrats do
nothing but criticise and object. God
Almighty never made such a set of men.
so ready and willing to tear down and
criticise, without the power to build up"
QIaughter.)
The proposition to lower the rate Of
interest, Mr.. Cannon said, the democrats
could have had at III last session.. but
they voted solidly against 1t. And you
will vote against it solidly today, you
free coinage l6 to 1 democrats, because
you want to impair the value of the
currency, and you cuckoo democrats
because the president has sent down
his orders for you to vote against it.
If the senate and president shall pass
this bill, well and good; If they shall not,
the house Of representatives will have
done what 1t believes to be the best thing
to restore the credit of the country and a
prophesy Of what we shall do when we
come into full power in the government
in 1891. "(Applause)
Mr.. Bartlett. DEM, New York, opposed
the bill, he said because in his opinion
1t would ten to spread still further dis
trust instead of confidence in the fiscal
system Of the country.
IT have listened to this debate" said
Mr.. Tawney. rep. Minnesota, beginning
his remark ID support of the bill, with
some interest and establishment. Before
proceeding to discuss the proposition of
the bill, 1 desire to state a few facts
which preceded the presentation of this
bill to the house by the committee on
Ways and means"
Mr.. Tawney read from the presidents
message requesting to do some
thing to sustain the credit of the govern
ment. It was then well understood by
all, including the president that a gold
5ond bill could not by any possibility
be passed through both houses or
through any other branch of congress.
And yet now it appeared that the ad-
ministration vas of the opinion that a
bill to sell gold bonds is the only posi-
BILE form of relief. why? p asked Mr..
Tawney. Because they have already
arranged to sell another issue of $780,
0O0, 900 of bonds to a syndicate who want
that form of obligation"
MI. Tawney said the plan of relief pro-
posed was in line with what had been
advocated by the republicans in the
ffty-thtrd congress, che support of
which then met the universal approval
of the republican party. AS to the abil-
ity Of the people to take the bonds pro-
vided for in the bill, Mr.. Tawney read
from a letter received by him today f, ON
a constituent living in a small Village.
who said that he could sell Sc, 900 of them
In a week and get gold for them.
Mr.. Bailey, DEM, Texas, ieelared the
coinage of bullion in the treasury was
the wisest and best solution of the sit
uation.
MI. Connolly, Illinois. announced that
he did n like the bill, but argued that
the spirit of the debate showed IL the re-
publlcans had prepared a bill making
gold, silver and paper dollars enuai TO
each other. their side would stlll on
pose 1t. The ~greenback was consecrat-
ed. he said, by the blood of The country.
m he created considerable laughter
py MS assertion that 1t was like the man
that went from Jerusalem to Jer:co. 1t
a fallen among thieves. lie wanted
the greenback to maintain its integrity
among the monies Of the world. For
this reason he would vote for the hill,
although he did not like 1t.
MI. Payne, rep. New York. insisted
that the fear that this bill would tie up
the greenbacks was g%roundless. II the
secretary of h treasury could tie them
up under this bill he could under the
existing law.
Other speeches were made nv Ma.srs