The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-05-23
COLDS FIGHT
Making a Hard StruggIeAgainst
the Bill
To Prevent the Further Issue
of Bonds
BY THE PRESIDENT.
A Majority of the Senators Of
All Parties
FavOring the Bill, But Baker Of
Kansas.
Makes a Speech FaVOring Cleve-
lands RuinOus Policy.
BY THE PRESIDENT.

Washington, D. c.. May 2s.-The
bill to prohibit the issue Of
bonds by the government without con-
sent Of congress is now before the sem
ate with the prospect Of a final vote on
it next Monday. The obstruction to the
measure was Withdrawn yesterday and
by the decisive vote Of "a to 20 the SEN
ate adopted the motion of Mr.. Butler
author of the bin, to proceed with it.
The debate on the measure proceeded
throughout the day and was at times
animated.
Mr.. Sherman in his speech said he
felt sure the bill would fall dead as soon
as II left the senate, but the evil would
be in creating alarm among the most
timid classes, those directing the great
banking and commercial institutions
The senator argued that the law requir-
ing the redemption Of notes in com was
a contract. The United States could
not avoid the contract without dis
honor
Il denounce It as reputation of the
public debt" exclaimed Mr. sherman
This proposition was a crime to be de-
nounced and not proper to be voted on
ance a dishonorab Bile act
But thank God the measure cannot
become law" exclaimed Mr.. Sherman,
while the house and the president are
on the right side"
There was a burst of applause from
the galleries a S Mr.. Sherman closed.
Mr. Teller. replying to Mr.. Sherman,
denied that there was any reputation
of a contract obligation and declared
that the assertion was rank nonsense
and UntrUthfuL" Mr.. Teller said this
craze for bonds threatened to destroy
the Democratic party as it was destroy
ing the Republican party he did not
believe in longer trusting an executive
branch which had perpetrated the dis
graceful acts of the last two years.
This is plain, bold. open repudia-
ton exclaimed Mr.. Hill in his speech
on the bill. his words ringing through
the chamber. Reputation. the dis
honor Of your paper and the dishonor
of your country is what this measure
means The crime of '73 pales into in
significance beside this contemplated
crime. This measure takes the gov
eminent by the throat it holds up the
treasury"
Mr.. George Dem. NIiss). asked Why
it was not best to put aside all parti-
sanship. both sides coming together in
a proper relief measure to aid the
treasury.
Mr.. Sherman was quickly on his feet.
II say in all seriousness he said, that
if this congress adjourns without CIV
ing the treasury relief it viii be an out
rage and a shame it Will be a disgrace
falling in large part on the senate. We
are going on like a spendthrift. squan-
dering his fortune. The senate refuses
to give the president proper powers for
relief. This measure 0he bond prohi-
bition) is the act of q bankrupt and Of
a dishonest bankrupt Thank God it
cannot pass. for we all know this is
merely a moot debate"
Mr.. Sherman said he would appeal to
the leaders Of the Democratic party
to shake off the passions of the moment
and take up the tariff bill sent here
by the house which Democratic sena-
tors had joined the Populists in adding