The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-06-03
BU7LER'S BOND BILL
The Senate Places Itself on Record in
the Matter.
A LONG DEBATE ENSUES
1t 10 Declared That Bond Issues
Are illegal Unless the Consent
OF Congress 10 First Oiven-
Free Coinage Opponents.

Washington. June 2.-The session Of
the senate began at IL o'clock to-day
In anticipation Of q close struggle and
final vote on the Butler bill to prohibit
the issue of bonds and a speech on the
Dingley tariff bill by Morrill, chairman
of the finance committee. The chaplain
In his prayer referred to the fact that
the vice president would, to-day. give
his estimable daughter In marriage.
and invoked Divine henediction on the
bride and bridegroom.
In reporting the militia reorgnaixa-
tion bill, Hawley said II would not be
called up until next session. Among
OF Illinois for o peace monument at APP
pamattox, Va.
Chandler of New Hampshire offered
resolution directing the judiciary
committee to inquire into certain al
legged Irregularities in the Southern ju-
dicial district of Indian Territory.
Chandler called attention to the pc
culiarity of the reports that receivers
certificates had been issued by author
ity Of the court, for the construction of
the Denison & Northern railway, 104
miles long, no capital being paid In.
No action was taken.
Morrill, was recognized for a speech
on the tariff. His earnest manner and
strong voice gave no indication Of his
advanced age. Morrill, referred to the
emergency tariff bill passed by the
house and said: THE democrats have
broken away from the leadership of
their president. and while marching to
the drum and fife of a North Carolina
captain. are In such dread lest the pop
ulists should get control Of their party
that they seem to be in hurry to be-
come populists themselves"
The senator declared the republican
party never would make a trade of its
principles on the money question. In
order to secure higher tariff duties. He
predicted the platform Of the republi-
can party in 1896 would place every dol
lar of our money in circulation on a
parity with the best dollar In the world
and declared the political ground under
the democratic party appears danger
ously volcanic. Continuing. he said:
'No doubt, had our country been
shielded by a sound protective tariff.
during the hopeless years Of the present
democratic administration. much busi-
ness distress and woe Of unemployed
labor might have been averted; but
another adverse and sore bewitchery Of
all business affairs of the United States
hardly less potent than q free trade
tariff has been the unceasing agitation
of the free coinage Of silver at one ra-
ito that would not fail to reduce the
standard value Of our money, as we'll
as the whole fabric Of public and pri-
vate credit to half its present value.
IAN invitation from commercial ma
tions to Join in a cooperative agree
ment for the larger money use Of sill
yer would be accepted by the republi-
can administration. but Il would be
more desirable that the United States
should receive, rather tnan offer an In
vitation, as the American production
any initiatory step on our part might
subject us to the charge Of being in
spired by the thrifty purpose Of secur-
ing a better market for our annual do
mestic product.
"Were II as certain as some extreme
silver advocates represent, that no CO.
operative agreement among leading ma
tions for a larger use Of silver can be
obtained. that fact alone would be CO.
gent and sufficient reason why the
United States should decline to stultify
itself by embarking single-handed in
an experiment so reckless and so dis
trusted as to be stunned and coolly re-
jected by statesmen Of every enlight-
ened nation. But this hopeless repre-
sentation of the silver question in Eu-
rope Is untrue. The trend of public
| opinion In Germany and Great Britain
favors a tolerance of the question"
In reporting a bill for the construc-
ton of the Nicaragua canal. Morgan
! asked that Dec. IA next be fixed for
considering the bill. but Pettigrew OBJ
jected. Debate was then resumed on
the conference report on the Indian
appropriation bill. Villas and George
opposing the report.
At p. m. the Butler bond bill was
| taken up, the Indian conference re-
port going over. Aldrich offered the
following amendment as an additional
section to follow that prohibiting the
issue Of bonds:
UNLESS In case Of emergency II Is
necessary, in the opinion of the presi-
| dent Of the United States and the sec
retary of the treasury, to issue bonds
IN accordance with the provisions of ex-
isting laws, to preserve the public credit
or to meet obligations Of the United
| States created by such existing law
which cannot otherwise be met, and all
| such bonds, when so issued, shall first
Il
be offered ait public sale"
Before the debate proceeded Hill sug-
| gested that a vote on the Brown reso-
luton. declaring issues of future bonds
| illegal, should follow the vote on the
| Butler prohibitory bill Brown assent
ed and Butler wanted 6 p. m. tomorrow
| fixed as the time for the vote on the
| Brown resolution. Hill insisted. how
| ever, that the whole bond business"
| should be cleared from the floor to-day.
Objections were made and no agree
ment was effected. Brown then re-
sumed his speech Of yesterday. discuss
| ing bonds and free silver coinage.
Brown was followed by his Utah col
league. Cannon. They had occupie
different positions on the Dingley tar
IN bill. the former having voted for 1nG
the latter against the consideration.
Cannon replied 10 structures made on
the Ave republican sen1tors vp,ing
against the Dingley bill. He resented
the charge OF insincerity. He chaiac-
terized the tariff bill as IN 'iniddity
and monstrosity Of legislation" sec
tional and unjust. He had been actu-
ated by his conscience and by his cen
stituents. The FIVE republican sena-
tors who voted against the tariH hill
he said. have all the consolation they
need, each having received The en-
dorsement Of his people at home CAR
non referred 70 the choice os Se=a .cI 5
! Carter and Mantle Of Montana, ru-