St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-04
SHERMAN GIVES DETAILS.

SHERMAN GIVES DETAILS.
Mr.. Sherman followed with a de-
tailed explanation of the bond issues
under his administration of the treas
ury The contract of 1878 was with
the bankers with whom the govern
ment had previously dealt. After that,
during all the period of resumption,
not one dollar was paid to any syndi-
cate, but all bond disposals were Civ
en- the widest publicity at postoffices
and public places throughout the coun-
try.
Mr.. Butler offered an amendment
to the resolution, prohibiting issues of
bonds without congressional authori-
ty.
Mr. Chiffon Oem., Tex.) offered
further amendment on the same line
as that of Mr. Butler, but differing
in detail. He spoke briefly. it being
mis- initial address to the senate. He
opposed the issue of bonds, and said
he believed in silver coinage
Mr.. Lodge spoke of the extent OF
gold holdings outside of New York
city. And yet, said he, under the pre-
vailing policy of the treasury no effort
was made to get gold outside of New
York
Mr.. Teller referred to the offer of
the New York World to take a million
of bonds at 3 per cent.
Il venture to say" interrupted Mr..
Hill, that the offer of Mr. Pulitzer is
the only that has been made. No bank
in the country has made such an offer.
l don't believe there is single bank
in this country that will take these
coin bonds at per cent"
Mr.. Teller proceeded to show that
bankers throughout the country were
ready to take the bonds, and recited
specific offers at the time of the last
ice. 10 = H., n.
or dishonesty" of the executive branch
in making this secret contract 1t
amounted, said Mr.. Teller to a misap-
preparation of public funds, and the
public would so judge the past and the
coming transaction.
TRIBUTE TO CARLISLE.
Mr.. Hill replied that this talk of al
lowing the public to take the bonds
was for political effect; it smacked of
demagoguery. Let the gold come from
any source, and see how quick it
would be accepted. He paid a tribute
to Secretary Carlisle, repeatedly call
ing him by his full name-John G.. Car
lisle-which attracted marked atten-
ton.
:" Imbecile incompetent, dishonest
is what we hear" said Mr.. Hill. John
G.. Carlisle incompetent One Of the
greatest public men that this country
ever produced. JOhn C. carlisle dis
honest! And yet thirty years in pub
lie and poor man today, living on
his salary. Imbecile, dishonest, is
what we hear across the senate" Mr..
Hill said that if any one had suffered
at the hands of Mr.. Carlisle it was
himself and his colleague (Mr. Muir
phy). They had been ignored in the
appointments of their own state And
yet Mr.. Hill was thankful enough to
recognize the unfagging patriotism
and devotion Of the secretary of the
country and his ability in meeting the
requirements of the occasion. He was
seeking to act, while these critics
stood picking flaws in this thing and
that" and pickering in the face of
emergency.
Mr.. Hoar spoke of the calamitious
conditions. unparalleled in the history
of the United States, presented by the
present transactions of the controlling
government authorities. He asked
what had become of the historic hon
esty and integrity of the old Demo-
cratic party.
Mr.. Caffery Oem., La.) sharply re-
sponded to Mr.. Teller's assertion that
the administration was imbecile or dis
honest.
Mr.. Teller rose to say that he would
make it incompetent or dishonest"
At 5:15 o'clock Mr.. Aldrich rose to
state that, is it was apparent no vote
could be reached tonight, he would
move an adjournment. Mr.. Elkins de-
manded a roll call, and there was a
chorus of seconds to his demand. On
the call the senate voted, q to 26, to
adjourn. Then, at SIS p. M, the SEN