The herald., 1896-01-23

now payable In coin snail De palu IN 5laHu-
ard gold coin whenever demanded.
Mr.. Hill spoke briefly against the resolu-
ton. 1t was, he said, only recital of an
cient history, and he deprecated further
confusion of financial conditions.
Mr.. Teller, Republican, of Colorado, fol-
lowed on the financial situation.
At 2 o'clock the Pugh resolution was dis
placed, and the bond silver bill was taken
up, Mr.. Teller continuing his remarks.
Mr.. Teller arraigned the policy of issu-
ing bonds with view, he said, 10 building
up permanent bonded deDt 20 be borne
by posteriiy.
Mr.. Sherman arose as soon as Mr.. Teller
closed. The silver discussion. said MIR.
Sherman, was purely moot discussion.
No doubt there was silver majority in the
senate. but the country bad settled down
to the idea that free silver coinage would
bring us to a single standard of silver and
was undesirable. State after state had
taken this position. The use of both met
ais, the bimetallic system, was being ac-
cepted as the best.
Under the circumstances, continued Mr..
Sherman, the thrustiug of this yorn-out
old question, which could not hope to sue
ceed in the present emergency of the
treasury, was idle. 1t was absolutely GER
tain that this silver bill, if passed. would
be rejected by the house. Why thus OBJ
struct the relief imperatively neeued by
L
caused the trouble, and the house had Of
fered an emergency tariff bill to overcome
that deficiency. Such relief should not be
delayed and obstrlKted by thrashing out
an old, worn-out subject.
Mr. Teller asked if Mr.. Sherman thought
the bond bill will afford relief.
Mr. Sherman answered that he did. The
government has suffered heavy losses from
selling per cent bonds, and this afforded
an opportunity for per cent bonds.
Mr.. Teller asked how long it was inteud-
ed TO keep up the sale of bonds.
Mr. Sherman-As long as it IS necessary
to meet the governments needs caused by
the course of this administration.
''In the meantime" continued Mr. Sher-
man, "the Republican party stands here
ready TO do its duly to pay the public debt.
TO overcome deficiency. 10 raise sufficient
revenues"
Mr.. Teller referred to the selling of
bonds for the purpose of securing gold.
"lf there had been no deficiency there
would have been no loss of gold" said Mr..
Sherman. The gold had remained in the
treasury for years, but as soon as there
was deficiency the gold began to go, be-
cause the gold was used 10 pay current ex-
penses. This administration had caused a
fright about gold losses. The banks
their discredit-ioined in the fright. Banks,
seeing the government using gold, had
adopted the same course. Instead of
maintaining their bank reserve in notes,
they drew gold from their reserve
In conclusion Mr.. Sherman said
AS far as my voice can go, | want it
understood that this delay arises out of
discussion of a worn-Cut issue-the free
coinage of silver-while we should be turn
ing our attention to the practical remedies
before u.s.
MIR Teller responded with spirit. Mr..
Sherman and his associates on the Re-
publican side. he said, offered no monetary
system. They stood practically with the
president. Inc senator from Ohio could
not get Up and lecture him as to urging a
measure that could not become a law.
This bond bill could not become law. If
there was to be ''pay of politics" it would
aiiect bond bills as well as silver.
Mr.. German democrat, Maryland) an
swered Mr. Sherman's statements con-
cernng the treasury administration. He
declared that the course of The treasury
now was the same as that under Secretary
roster and as far back as the administra-
ton OF Secretary Sherman. The Demo-
cratic congress had enacted revenue law
Which would have afforded ample revenue.
but the income tax had been wiped out by
the decision OF the supreme court of the
United States. 1t was an unforeseen event.
The question now was not one of party or
rclitics. The senate aisle could not deter
mine the elements in this great financial
subject. 1t was too great, too serious a
question that senators should stand here
bandying charges as to which party is re-
sponslble for the present condition.
Mr.. Aldrch aud MIR. Lindsay Joined
issue as to the political responsibility for
the deficiency.
The president today sent to the senate
the letters of Secretary Carlisle, transmit
ting such information as the secretary
possesses relative to the refusal of an en-
ecutive officer OF the department to pay
the sugar bounty appropriated for during
the last congress. He says that these let
tiers contain all that he knows about the
matter. Mr.. Carlisle's letter to the presi-
dent recites the now well known facts and
public reference of the sugar bounty claims
to the court of claims at the instance of
Comptroller Bowler.
The secretary adds: "Pending these pro-
ceedings in the treasury department suits
were instituted in the United States circuit
court for the eastern district of Louisiana
Tor bounty on sugar, one claim being for
sugar produced before August 26. 1894,
and the other for sugar produced since
that date. In each case decree has very
recently been entered against the United
States. and l am advised by the depart
ment OF justice that the necessary steps
are being taken for the immediate prose-
cution OF appeals to the supreme court of
the United States in order that final and
authoritative adjudication of the questions
involved may be had at the earliest possi-
BILE date"
The secretary says the sugar bounty
claims involve controverted questions of
law. and the decision will affect number
of claims in the future.
At 5:2o the senate adjourned until to-
morrow.
IN THE HOUSE
In the absence of any regular business in
the house today the session was devoted to
the consideration of minor matters and
legislation by unanimous consent. The
major portion of the day was consumed in
the discussion of the senate resolution ap-
propriating $25 900 for architectural aid
in the preparation of plans for the Chicago
public buildings. The house adopted the
report OF the elections committee in favor
of Harry Miner in New York in a contest
brought for his seat by Timothy j. Camp
bell.
Representative Loud of the house COM
mittee on pustotfices and postroads, has
prepared bill to carry out the recommend
atoms of ex-Postmaster-Gen eneral Biesell
and Postmaster-General Wilson relative to
second class matter. The committee will
give hearings to publishers and other inter-
ested parties. Mr.. Loud says that one cent
letter postage can not be had while the sec.
ond-class business costs the government so
much more than the receipts from it. He
intends to introduce another bill for the
transmittal by freight of postoffice supplies
and for public documents.
Tore Down Posters
Edward Evans was arrested bv Police