The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-03

law. 1t was agreed he said. tina; the hor-
rowing of monrN for the government wa
solely a legislative power, excep, as the
statutes conferred that power ON tho es-
ecutivc branch, Under these clrcum-
stances, the addition Of The Brown rcso-
luton would he ~ rcvcal Of the only law
allowing the executive 10 borrow money
On bonds,
Mir. Allison reviewed the causes leading
up 10 The bond law IN 1876 which was
intended 10 overcome tho instability ana
panic following the war N denied tho
assertion made during the debate that
the bonds under the law of 1870 were for
thc purpose of redecmins gr.enbacks and
then oanc"'tng them nficr whith the
| f9nd power ceased. ON the contrary. he
SAID, I was to be continuous powcr to
give stability TO values. No part Of the
peoplt could he benefited by ! finctua'inR
unstable. depreciated monomctallic cur
ren'y NJ experiment. should he made
~ r"pca'lnE the very law which hrough,
STABILITY As 10 the seigniorage from sil-
vcr Mr. Alison slnved that scigniorarn
could not nrlsc until after the silver was
coined The mint enpaclty was ros,rcicd
to siopNmo OF 10 0olnnh n year and that
! on iHai amount the seiGniorn,r would h.
/ limited to 81 0oo nn or sl6 600 a0n So hat
| he said. senator's were PLAYING with Tin
great Question Of the governments PAPER
They were running tho hpznrd' OF GOING
hack IN thirty days 10 n paper hn Is no,
convertible into coin
N ~ sasrp colionny with Mr. Butler Mr
N'lifnh d"cnrcd his opposition to lrt
money aud to the irdirection by wliah
The pending hi sought ID 'nks step
toward free coinage without waiting for
lcris alive actin.
Il believe that tho United s,at.s can
not open - mints - the free coinage
Of silver without becoming M monet llllr
nation; nat l. can not iake thls sep
VII out an agreement with other nations;
ard VIII continue TO vote against the
free coinage OF silver NJ - 10 ] by this
Mr. Ch'ndlsr dcpr Gated IN enIrt ana
Hun,r, who had made threats and had
talked of revolution and nle Dish a
Mr. rutcr roo TO disainm sreh nj
ternncrs
MIR G ardlor tns,.tel thu, tn rem
aror's lnnpuare hil conveyed indicer,
throats md had tended to revolution and
Mr., caard,cr hli m new 'r,rer
which he sa,d was published hy Mr. BOT.
Ter In Nor,h Taroinn. which contained
crtrfmr and VIC ont attachs On senrtor,
nm md Sherman and others with whom
MIR Butler was In daily ini recourse.
Mr.. Chandler declared MAT the rrosI-
dent and secretary of the tre'suty yer"
men of sterling integrity standing az he
r"rros natives ~ tho 'rcd' 81 the ~
ernme nj. No orc charge n maapp orti -
iion or cubo2z rncn of lie funds by ho
sale nj the bonds
u am thankful TINT tho two-thirds 81
the senators IN THE side 81 the cham
h ssr III his III a esan'eT hs %i asnp f9r
who par,ic nated IN the o'ection Of rrosi-
dent C'cvsiind and who are Of tho panty
- JOIN q Carlisle - lo'n WIN as IN
hon and cfejii."
Nj Teller pointed cui that The pending
hill had 70 come Ton wilh ne re- SS,'n "
MIR Chandler 10 fpelk for the republican
party IN favoring continuance ~ hnh,'
i.snss The American pc pie. he believed
were not IN favor of increasing the public
debt in the time of peac'
Mr. Teller referre' cont mptuously 70
rhoss ,ss't-sai'sfrd ihar,see, wno ~ y,
Ing 10 protect the honor ard credit OF me
country. The senator d"ch'oi ihI' ~
silver question. whlse dsH'h ana huri,l
coirs. stat. after state ha1 declared N
corven,inS FIR silver The srra, 'n,
crntl. PARTY WINS readv n inrcrlhe or iis
banner Free sliver roirage' rher" wer
etntos In ,i'~ West WHICH had furnish"
senators and repHsenia'ives ia sw.ll inc
"whs, the republicans VIII DO ~ -.
I,ouls. | DO n, know" snl1 Mr.. "elle,,
"tut hclievo know ennu.h ~ me stn',-
nlrn, n The west and OF the pain prolir,
~ he country 10 say tha, 'he party WI
irscrihe on IS .ban9elr. The GOD hanne' Is
doomed to deferi ,,, -.
mo rround INIT II was p virtual rcneal ~
he resumption act which art smsiainsh
,hn raper menev Of ilf@ government lh'
.nactmen, Of thls hiii ~ouli bring an,n' a
rnld on the treasury WIN grrannheHs "a y ~
nntlciration Of "A SUSPENSION of snf." NM
r,snt II tho exercise nf IN" honh pr"ft
hsn r,f fecn rorofted 10 by the present
administrations the doors oil the treaanfF
would have ,leen clcfed.
"pefrre I would vote for pm cafrSn,'
such dlshonor." exclaimed Mr. hut.ows
~ Ind rather . thousand times w, ~,
country had rome down in me nwln, 80. W
OF war ] win never raisr my hhnn - "a,
Move the last nrnp that fusialns Inc cf'n''
~ my country" tapnlauseD
M Palmer dem, Iil urged maj me
l,tn so,p,p, 10 accomplish free silver al
NJ est of the credit ~ the country.
II wa GAO o'clock when the vo'lns ne
pan and al that hour the senate gillerles
had only qcani remnant ~ ~" ctnWn
which waited vainly through IN" a'ier-
neon. ,.,.. Al
TIE rresid ne officer. Mr. Faulkner az,
/ rect I'd ,hc reading OF the emendm"n, ni
~. tldrlch Introduced early IN me haN.
la,lcving bond issues In an emergency, 10
Sustain r'ihl'c credit.
Mr. tren moved 10 table the ainenh-
ie,n-nerts Tire amendment was fHhlr'-
rvas az, noe. ?s--the Individual vote being
Identical with that on the final hassage,
| MIR Aldr III offered another Amendment
nroyiding that nothing IN the get shai ne
~ re,r,,ed 20 tnralr RE ohilgafians ~ the
T'ritrd c'-tos IN redeem In 20 oufsianH-
lirr T-i'eA G,aies legal tender rc'"a and
,rcpsury notes, nor m resr'c' he an-
l,ho-i.y n she secretary NJ tho treasury
10 secure ~o'r for their redemrt'on.
Mr.. Mills Dem, Texasl moved 10 table
4 (Cnnfinued On Sixth Paxe.