The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-05-14
BOND RESOLUTION PASSED.
AN INVESTIGATION ORDERED BY
THE SENATE BY A VOTE OF
81 TO 6.
Mr.. VEST ABUSES The PRESIDENT.
In a Characteristic Speech-Legislation
in the House Blocked by the Atti-
tude. of Mr.. Picker, Who Want
ed Pension Bills Considered.

1
Washington, May by the decisive
vote of 81 to 6, the senate today inaugu-
rated an investigation to be conducted
by the senate committee on finance into
the facts and circumstances connected
with the sale of United States bonds by
the secretary of the treasury during the
last three years. The six adverse votes
were cast by Senators Gallery of Louisi
| ana, Faulkner of West Virginia, Gray of
Delaware Hill of New York, Mitchell of
Wisconsin, and Palmer of Illinois, 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 gen.
orally all the material facts and circum,
stances 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 spe'
officially what amount of available funds,
classified, were in the United States treas
ury and on deposit in other places subject
| to the order of the secretary of the treas
| ury at tne time the Donus were SOU VI
oirered Ior saie' Wnether tlery Was vi was
not money on mana TO meet ali oplleauoIs
of the government at said time the bonds
were sold or offered to be sold; what obi.
| cations were due at that moment, and the
amount of each stated separately; what
was the reason LOT any uhusual WltnHruM-
al OF com from the treasury snortiy pc
| fore the bonds were sold or offered for
sale, II such unusual wlthurawals were
in fact made, ana by what persons OF
classes or persons, ana 1or wnaI purpose
or on what account sucn withurawu,s
were lnaue, WHO PurJnaseu ins ouh w. thn
Wnat amounts ana where, Wnelne! III Wy
| United States or III Iorelgn countries, anu
in what proportions, and from what per-
sons or classes OF persons ine Soiu was
procured with Whlch TO pay Ior tne poHus,
what the bonds were sold Tor ana What
was the market price vi our sorel t hIlS
bonds at the tlme' ana what enecl poh ~
sales hau on the Greult anu pusinee' Vi
'istha peopie-ot- the nlted states. -. -. -
| Ihlrd-lo investlgute gnu IePort as -
the manner or dlsp0slng Oh salu ponus, ny
what authority ana what contTacts, anu
whether oral or IN writing, ana Wne'ner
publicly or privately entered INTO py the
secretary OF the treasury ana any synui-
cate or person or persons WIN respect 10
the SAFE anu purcnase u 'ie d Ion hn s "n
syndicate or any. person or persons con-
nected with, such syndicate dlrectly or
indirectly; whether such cohtract OF aerge1
ment had any ana VIVA, . eluf e. VI Tho ' 81.
prices offered FOR the ponus, WHAT .ne el,
feet was, ana VINO, II any persoh' proh'eu
by it and to what extent.
The bond resolution came up Immediate
ly after the morning business, ana MI
| Palmer Dem.) of ILLINOIS TOOK the noor.
81 oppose this resolution, sald ne, De
cause | regard it as an lllegitlmate means
of procuring material to affect ana IN
flame the public mind.
The senator went on to say that ne ana
not suppose any senator, excepting p9ssl-
bly, the senator from SCUM Dako'a f ~ g.,
tigrew), questioned the integrity OF the
secretary of the treasury. The secreta'
rvs judgment might be disputed, the cor
rectness of his acts might be questioheu'
but there was no question Oh integrity III
volyed. -, .,o ,,,+eorr, NJ.
Mr.. Palmer reviewed .ne pi a. Ia o u1
terances OF the parties, cit,hs 'he oi' "u
age, the world 40 move. o,
Mr.. Palmer SAID the country l,a y; i1 100
since the piatIG;Im de that ,ba financial
ana IL mas e ~ W;nneanolis and Chicago
piam1hds nn ,tu sot;sfv the peonle in the com
Mo" oio nGt s'' ~
~" +, mentioning Mr.. Cleveland's return
tho White Wouse in 1893. Mr.. Palmer
soid dnt tho nres;dent had called to his aid
.stha+ ni,la statesman that pure and hon
tl'as ap'T r. Carlisle T"
est NAB p, T., m rofarrad to the cowardice
MI. i;d diu, Cor the nresidency and for
OIL canui'a u, nn tp beiny snecific in their
congress III ho tL;s oe nonnoct;on tbe senator
views, anu Ill. ~ LII, rood from tbe desk ar
had an a T f.au ,fcKin,ev for his
ralghlhg uo 10Y, ntt;+rda On finonce.
Janus Janus Ice, added Mr. Palmer. "all
And yet, atu 20 nv, h, fact that the
indlcations pom ,;t ~ ~, will no the Re-
subject OF tnat cti'if snn +h. nresdencv,"
publican cahui onnss ~ tho aisle wbispered
a senator hcro's .ns s,,%stonce nj the
TO Mt. ialmer 'n Tnd;anonnlis conven-
huiletlns IRON .h NJ paimer added.
ton, whereupoh Ma, t u onros;tion to
Il fact; l nnue 5,, 'ne opp''''''''
INN mas broken uown' ,, - ;nto
Mr.. Palmer was speedily drawn INTO
hot colloquy with the two missouri
senators, Mr.. Vest and Mr.. Gockr N,n