New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-23
,p,zy POPULIST FINANCE.
CUTTER PROHIBIToRY BOND BILL
sHh -rv TO PASS IN THE SENATE.
THE COMBINE" SHOWN on TWO
vorEs-sAvAGE ASSAULTS ON THE
,,r.s,RE LED BY SENATOR'S
euERMAN AND HILL
-,,r1n,pn TO THE TKlIVNE.I


,r1e,pu TO THE TRIEUNE.l
.,.,rgton. May 22.-The Senate spent '"e
nart Of its session again 'o-C"y !"
r'u, and acrimonious debate on the So
r''.'c cutler bill to prohibit any further oond
a"-.,out express authority from congress-
y" Dar,ocratic- Populstic free-silVer-coihase
T.,-o,,on now in control of the Senate seems
s' deciaed to push Mr. Buffers rrohipitVe
,~ .hroueh the deiberative branch IN the
sS ,rther discrediting the bond sale pohcy
W. administration. on two successive test
NV uss shown that the combination had
'''s ..oueh in hand to pass the BILL athough
vNe .oord division the anti-bond-sale forces
On a.ssd ~d nv the doubtful margin Of two
tnu~' tnu~'rhuoans in the Senate. while scarcely
i@ .,,r the blundering and extravagant meth
r~., r~.',ov.sd by Mr.. Cleveland IN his bond-saie
o0' .', ''.,,ors NJ 1894. 1895 and 1876 held gen.
hes0''. n deprive the Administration or
sap ,urchase gold without the direct sane
p"'' congress- would strike serious blow at
wv s..rc,al stability of the Government, ana
i0e n"a". nod of Mr.. Sherman they savagely
unu', .s, the Butler bill Some of the Cuckoo
ssr.,ors also Joined hands against the 1ree-co'h-
's""'0 s,,.non although Mr.. Mills, Of Texas,
80. tho most vocferous Of the ieathered 'rioe'
,,,,ssf conspicuous by his violent adVo-
' =, Mr. Buffers scheme to cripple the Gov
.~-..o,,s narrowing power and practcaliy oe-
49,, ,,s ability TO maintain the public credlt.
NJ, of the debate to-day. although interest
- u.s wholly academic and inoonclusive' for
~ one who took part in the discussion khe"
.,., the bill under fire was being put forward
". ,,rnoses Of polit al buncombe only. The
rn. NJ Representatives would. OF course re-
A.. ren TO consider the scheme of bond-sale
,,.b,,ion. and in the Senate itself the friends
sts Butler bill seemed to be more anxious 10
s..e .s text for talk than to secure its pas
.e, BY means Of a direct vote.
", Dubois objected to-day to unanimous
eo,spnt agreement to take vote on Monday
M, Il Is hoped that the perennial free-colnage
or.,ors NAV exhaust themselves temporarily by
Tuesday or Wednesday
THE DEBATE IN DETAIL
A, soon as the chaplain had closed his opening
,rayer. and without waiting for the reading OF yes
,sriays journal Mr. Butler pop, y. c. moved
"a nroeed 10 the consideration OF his bill prohibit
,y ths issue of United States bonds without the
consent OF Congress. Mr.. Sherman Rep. Ohlo)
asked unanimous consent TO take up and pass the
rr.a Cheese bill. but Mr. Butler said that he felt
compelled 10 object as that measure would lead TO
DISCUSSION and he insisted on his motion
That being such an important question, MT
Hi Der ~ " interposed. Il desire full Sen
us and ! suggest the absence of quorum
TIE roll was called and forty mine Senators. four
uvs than a quorum. responded The Vice-Pres.-
er, stated the question TO be on Mr.. Butter
uNr ard the yeas and nays were demanded
II. vote resulted yeas, 81; nays. 20. So the bill
va hken up. The following is the vote IN detail
Bss-Messrs. Allen. Bacon Bate. Berry ,B.ac, B.acx-
luSois. George. Hansbrough, Harris. Jones {ATkg' {g'
N!e Marin Mills MitShen 'QSe:}; taseO, fsnv. saw
nd Wilson-3i.
Nays-Messis. Allison. Baker. Burrows. Cafery.
ey Hi, Lindsay Mcbride, Mcmillan, Morrill,. Mel
ION. Sherman Villas ana Wetmore-2o.
MR. HILL ATTACKS THE MEASURE.
Mr.. Hill addressed the Senate against the pro-
nlbltory bond bill "Mr. President" he said. "the
crime the alleged crime, of 1873 Is nothing com
pared to the crime which will be perpetrated If this
sc shall pass the present Congress and become a
law. Stripped Of all its verbiage. condensed II
is It is a bold proposition for tie repeal OF the
Resumption Act Of 1875; for the a,eal Of the only
provision OF law that exists for the maintenance or
redemption OF the paper currency Of the country.
II does not in many words repeal the law of 1876
but 1t is In effe.t repeal of that law. II is a
startling proposition. 1t will not solve the silver
question. 1t will no. solve the financial question.
II simply embaTasses the Government Ii simply
puts in peril the finances Of the country. II is
measure in the wrong direction. 1t boldly
Uowed yesterday by It's author and sponsor as
Popust measure. Let there be no misunderstand-
Ing abou, it. II is an avowed Populist measure.
Il do not believe that there Is a Senator who be-
Ieyes that 1t pass the House. There is not
Senator who thinks that the President could posi-
sy approve II Ii Is a measure for an irredeemable
Aper currency. The revenue will be
aasted by the appropriation bills which Senator'S
ave passed. and then there is no solution OF the
ccuty except by the sale Of bonds We cannot
'SSe 10 look al the situation which confronts
Abll has been passed (no matter how which does
Dol realize sufficient revenue for the support Of
"e government While you draw your reserve
'uhd ana on your resources in the end time will
come when that will cease. II your revenues are
"'' sumcien'' how are you to provide fund with
which to keep your paper currency anoat? This
OH is nothing more or less than plain open bald
reputation Reputation Is what II means. Dis
"o' 's "hat IL means. Degradation Of the cur
'. "nat II means. The crime OF 1873 pales in
s"''ance 80 IN comparison with the enormity OF
'' contemplated measure. Every time that the
'.'enues become so low that the ordinary expenses
" .ne government cannot be met. is Congress 10 be
s"eu III extra sess!on?
HlGHWAYMAN'S BILL
y" mr. President. This scheme takes the Gov
x' oy tne throat. 1t holds up the Govern
r. substantially paralyzes your Treasury.
Aa your greenbacks irreaeemable takes the
WA w' OF your Treasury for the appropriations
,%s...,9~ 49, 9~ have made. and destroys the only fund
,o ~ , reenbacks can be redeemed II there is
legislation next year. and II this bill is to
!, ~" are you to redeem your paper currency?
Nm a' the silver question that is involved in this
,,vu.'." the integrity Of the Government that is
hn'u II is the honor OF the Government. II
nent" VI '"e e''N '"'' u '''e 'o'''
N. oeorge Dem. Miss) made a suggestion TO
,.,, -" IN rather low tones, TO which Mr.. Hill's
e.,, was that the Senator's words must be ac-
.p- .e 10 the Senator from Ohio (Mr. Sherman).
~ Mr. Sherman called out from his seat on
~ "epuolcan side. II have no; heard word Of
daughter)
n... nnh Informed Mr.. Sherman that Mr.. Georges $
49, uon was in the direction of pure. unadulter-