Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-01-03
Shumln's Address on Tho Financial
Question
RECEIVING CLOSE ATTENTION.
Butler's BIZ for tho Prohibition OF the
sails Of Bonds without the Con.
sent OF congress.

aaI
hoA" III hAIu' nVPo W i"e'uASi
when the Senate roasiemoles, the
finance committee will BIZ ready 10 re-
no., =, ho,h th. ta,,1 and the bo,i
~,
o'iis passed ny VI" i1outo, ine liO'
ZION for adjournment until Iueslay
WINS agreed 10.
Hale { Maine) presented q bill for the
Pacific Ocean cable TO Honolulu aud
elsewhere, aud explained that " was
an elaboration OF the plan urged before
last Congress and Contemplated a
cable for the transaction Of business Of
tue United States government. He
said he would call up the subject next
ruesday.
A Joint resolution for constitutional
amendment admitting women 10 puf-
frase. was presented by rtque,t by
Hear.
Squire (Iiep., wash.l offered a ress-
luton for nesstiation forthwith OF a
convention between the United Blatos
and Great Britain Tor tnafhi1x the
boundary betwosn ALASKA aud British
North America, anu apptopfiating
S75, 900 for expenses. Squire said this
boundary question involved consider
ntionH quite As serious AZ that concern
Ing Veut zusla. There were prospects
Of conflict between the miners AID
officials claiming 10 exercise authority
along the disputed lire. The Tes0lu.
ton IL confined to this controversy over
the ilst meridian and not 10 thu gem
eral boundary question. The resolution
was referred.
George (Miss.) asked immediate con.
alteration for n bill repeating tho law
requiring the oath Of loyalty ~ n pre-.
requisite 20 securing pension ior service
In tue Mexican war. Hoar said tho
repeal was unobJectionAbls, whorsupon
Cnardler remarked, 81 will certainly
support any measure Of reconciliation
which hus the Joint endorsement OF
the senator from Mississippi aud the
nonttor from MAssnchusetts.D The BIN
was passed without division.
Butler N. On asked immediate con-
siusration Of the bill "re prohibit tae
issue OF interest bearing bonds"
I4ill( IN. W suggested bat the bill
be net pressed for the ptetent. Bher-
mao, he said, was about to address the
senate. Alter that possibly a Discus
sion OF this proposition wsuld DO desir.
aos, -, A.,
no discussion. Ths country Understood
II. IL had been exclusively discussed
until public Judgment was as certain
as that two and two made four. SIN,
Accsding TO Hill'A request, the meAhufe
was Withdrawn.
The Senate agreed TO n resolution by
Allen (Neb.) calling on tho treasury
| for detailed information as to the segre.
| cation OF funds In the treasury and
their uses for other than rsdemption
with the dAtea and olFcumsta noes OF
such use.
Perkins (Calif.) urged the passage
| OF n resolution suggesting that uuty on
sugar DO included IN the tAriff amend.
ments considered by the finance com.
mittoe, IL was referred TO the finance
committee merely a. a suggestion and
not as an CT preston on the ~ bject,
Sherman then began bis speech on
the financial question, reading from a
manuscript AMI receiving close Atten
ton.
Speaker Reed and Henderson, Dali
zolI, Walker and other M en- bors OF the
House wsro on the door and followed
Sherman with close attention.
hhEnA an o SrhhUh'
Senator Sherman began by asssttiag
tina, while Congress would support tbs
President in maintaining this honor
aud Integrity Of oar country in the
Mold OF diplomacy It would approve
his recon- me ndstion on tho more im-
portant subject OF our financial policy,
ana especially Of our currency. He
the PRECEDENT, had mistaken the cause
Of our present financial condition In
attTlbuting IL to the demand for cole
for u nited Btstes notes instead Of the
dsficienoy OF revenue caused by tue
exchange OF last COngIess. He pro.
possd As q remedy the conversion OF
Inc United States notes ami treasury
notes into interest bearing bonds thus
Increasing the interest bearing debt
nearly $500. OO0, 900. He proposed a
lino of public policy that would pro.
duos n sharp contraction OF our cur.
Fsnoy, add greatly to tho burden OF
sxisiing debts and arrest The proRTess
Of almost every American induatry
which now competed with foreign
productions,
MIR. sherman read from n table
showing the receipts aud expenditures
I