The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-05-08

Shown Before the Result was Ar
rived At.
WASHINGTON May by the de-
cisive vote of 81 to 6, the senate today
inaugurated an investigation TO be con-
Quoted by the senate finance commit
tee into the facts and circumstances
connected with the sale of United
States bonds by the secretary Of the
treasury during the past three years.
The six adverse votes were cast by
Senators Caffery Na.}. Faulkner CIV.
Va, Gray Del), Hill IN. y, Mitchell
CWis.) and Palmer Qll.), all Democrats.
The resolution directing the investiga-
ton is very explicit as follows:
Resolved, That the committee on
! finance be directed first. to investigate
and report generally all the material
/ facts and circumstances connected with
the sale of United States bonds by the
secretary OF the treasury in the years
1894, 1895. and 1896.
Second, to investigate and report
| specifically what amount of available
funds. classified was in the United
States treasury and on deposit in other
/ places subject to the order of the Sec
rotary of the treasury at the time the
bonds were sold or offered for sale;
whether there was or was not money
on hand to
MEET ALL OBLIGATIONS
of the government at said time the
| bonds were sold or were offered to be
sold; what obligations were due at that
time and the amount of each stated
! separately; what was the reasons for
! any unusual withdrawal of coin from
the treasury shortly before bonds were
| sold or offered for sale, if such unusual
Withdrawals were in fact made, and
by what persons or class of persons and
Tor what purpose or OF what account
such withdrawals were made, who pur-
chased the bonds, in what amounts and
| whether in the United States or in
foreign countries and in what proper
lions and from what persons or classes
of persons the gold was procured with
which to pay for the bonds, what the
bonds sold for and what was the mar
ket price of our government bonds
at the time, and what effect the bond
sales had on the credit and business
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;
/ o1fc n
whether oral or in writing, and wheth-
er publicly or privately were entered
into by the secretary of the treasury
] and any syndicate or person or persons
with respect to the sale and purchase
of the bonds and the profits made or
to be made by such syndicate or any
person or persons connected with such
syndicate, directly or indirectly; wheth-
er such contract or agreement had any,
and what effect on the price offered
for the bonds, what the effect was. and
who II any person lirofited by it and
to what extent.
THE BOND RESOLUTION
came up Immediately after the morn
ing business and Mr.. Palmer Oem.
Hid took the floor.
Il oppose this resolution" said he.
because l regard it as an illegitimate
means of procuring material to affect
and infiame the public mind
The senator went on to say that he
did not suppose any senator, except
possibly, the senator from South Da-
kota (Pettigrew) questioned the integ-
rity of the secretary of the treasury
The secretary's judgment perhaps
might be disputed, the correctness OF
his acts might be questioned; but there
was no question of integrity involved
Mr. Palmer reviewed the plat
form utterances of the two ma
tional parties, citing the old
adage "the world do move" Mr.. Pal
nrer said the country had moved since
the platform declaration of 1892 and il
was evident that the financial planks
made at Minneapolis and Chicago
would not satisfy the people in the
coming elections. In mentioning
MR.. CLEvELAND'S RETURN
to the white house in 1893, Mr.. Palmer
said the president had called to his
aid that able statesman, that pure an6
honest man, j. G. Carlisle.
Mr.. Palmer referred to the cowardice
of candidates for the presidency an6
for congress in not being specific in
their financial views and in this con.
nection the senator had an article rea6
from the desk arraigning Governor Nc.
Kinley for his "Janus-faced" attitude
on finance. And yet added Mr. Pal.
mer, AL indications point to the fact
that the subject of that criticism will
be the Republican candidate for the
presidency"
A senator across the aisle whispered
to Mr.. Palmer the substance of the bull
letin from the Indianapolis convention
whereupon Mr.. Palmer added: in FAC
I understand the opposition DO him has
broken down.
Mr.. Palmer was speedily drawn into
A HOT COLLOQUY
with the two Missouri senators, Mr.
Vest and Mr.. Cockrell The former
wanted to know what Mr.. Palmer
meant by reference to snap, con
ventions favoring silver.
Il mean," replied Mr. Palmer, ''tht
conventions held last year in Missouri
and Illinois"
What was the snap feature of the
Illinois convention"
An unnecessary convention is &