The Caucasian. (Clinton, N.C.) 188?-1913, 1896-05-07
The National Congress
lContinued From Firs, Page


trying to find excuse for the issue OF
the s2G2 ,OOO, 900 OF bonds on account Of
shortage Of revenue. Then he said:
Il want to 20 back to 1880, when
the Democratic party was not respon-
sible for legislation and the Republi-
can party was. We passed then what
has been known as the Mckinley law,
a Law which aeems just now 10 be in
great favor and very popular, although,
] believe, u cost Us the following
| election.
The Mckinley law did not provide
a suiiciency Of revenue: every body
| knows that il did not, and | think il
| but fair and honest Ia say that If there
| had been no change o. administration
| there would still have been a deficiency
/ Of revenue under that law. The con-
/ dItiOn OF the country was such
that it was impossible that there
! should not have been defici-
ency. In each of the tour months
preceding the incoming administra-
ton Of Mr.. Cleveland there was
deficiency in the government receipts
amounting on an average To over
million dollars month, and we got
through with that fiscal year, which
ended in june, 1893, with surplus OF
81 300, 900.
Then came what il known as the
panic OF 1898, in which the cOrsump-
ton and consequently the iInporta-
ton of foreign products fell Off, which,
of course, produced falling off in the
revenues. It must be born in mind,
that from the time that this admins
tration came into power. and before
they had had an opportunity to do the
%
that they did in the passage of the
Wilson-G OrInan-law there had been
a failure of revenue in nearly every
month after the administration came
in. If there was any month in Whic
there was not deficiency, it was in
the first months in which the admins
tratiOn took office.
"The Mckinley bill would never be
re-enacted," said Mr.. Teller, "and if it
was it would not bring prosperity"
"Traversing the country and shout
ing is a band of men who have labeled
their candidates the advance agent of
prosperity. The people who look to
him as the savior will find they have
been dcluded and deceived. The agent
of prosperity is not in sight and will
not be in sight until this system of
finance Of ours is changed"
81 look with fear and trembling" he
added, "npOn the result of our conven-
ton at st. Louis" He felt, he con-
cluded, that the party ought not to be
carried away by the false and lying
shibbOleth of sound money. If the
convention of the party to which he
belonged, and to which he is proudly
attached, should declare that gold, and
gold alone, shall measure the values of
the world, he had no hesitation in say
ing how he would act. "When the or
ganiZatiOn to which | belong" said
he, ceases to represent my sentiments
and my judgment, cease to act with
it. should despise myself, if, hold
ing the view | do, | should lift my
hand to put in power any man who
could exercise from the executive
chamber the slightest influence to con-
tinue the present system of finance"
GAS | speak, Mr.. President, so shall
vote, in the interest, as | believe, of
the great masses of men in this COun-
try; and in the interest, as believe,
OF the great masses of men throughout
Christendom." Applause in the gal
leries.
Nine pension bills introduced.
Thursday, April 3O.-Senate.
Eight pension bills were introduced.
MIR. Pritchard presented petition
of the Chamber of Commerce and In
dustry of Raleigh, n. c., praying that
an increased appropriation be made
for gauging the streams and determin-
ing the water supply of the United
| states.
| In the discussion of the naval appro-
priatiOn bill Senator German secured
the adoption of an amendment provid-
| ing that two, instead of four, new bat
tie ships should be built. 1t was esti-
mated that this would decrease the
naval appropriation by about sixteen
million dollars, as each ship with its
full armor will cost about eight mil
lion dollars each.
HOUSE.
Twelve pension bills introduced.
Mr.. Shuford introduced a bill to Sc
cure the debt of the United States
against the several Pacific railroads,
and provide a fair and full test on gov
eminent ownership of railroads, etc.
Friday. May 1.-Senate.
Six pension bills were introduced.
Senator Butler introduced bill
which is probably far reaching i'll its
provisions. 1t is given elsewhere with
the comments of the Senator.
To-day Senator Tillman made a
speech in which he ratified the dry
bones of the old party fossils and
"stitls" in the Senate. We will give
extracts from this speech in a subse
quent Issue.
HOUSE.
Twelve pension bills introduced.
Mr.. Shaw introduced bill for the
establishment of a soldiers home at
Southern Pines, n. G..
Also, bill for the re-establishment
of the United States Arsenal at Fay
etteville, NC.
Saturday. May 2.-Senate.
Fourteen pension bills introduced.
| Mr.. Pritchard introduced bill for
the establishment of soldiers home
at Southern Pines, NC.
The naval appropriation bill was
discussed.
Mr.. Bacon, Dem.) Georgia, offered
an amendment, which was agreed to,
providing that bids for armor for YES
sells shall not be received if they ex-
coed $3.50 ton. The steel trust has
heretofore been charging the govern
ment about 5000 per ton, while the
cost OF production was not more than
$3.50. The bill was passed and is a dis
grace to craftsmanship. In the words
of Senator Allen the bill had been
loaded down; and that, if it did not
smell now, it would after time. 1t
reeked with favoritism and iobbery
, from top to bottom, and in the center
from core to article and frem article
to core"
HOUSE.
Five pension bills were passed