Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1896-01-25
ABOUT FINANCE.
The Senate Session Marked by an
Excited Debate.
SENATOR PUCHS BOND RESOLUTION,
nessrs. sherman. Teller and Gormnn Speak
from Their OBSERVATION-DISCLOSURES Con-
cernipg Turkey and Cuba-House
business Unimportant.

corning Turkey and cuba-House
business Unimportsnt.
WASHINGTON, Jan. 23.-The senate
session yesterday was marked by no.
table speeches and notable debates.
Mr.. Wolcott's speech criticising the
presidents attitude on the Venezuelan
question was the notable event of the
early part OF the day. For an hour
the senator commanded the attention
Of n crowded chant Der md OVERLOOKING
galleries.
Two important reports were made
by the committee on foreign affairs,
one strongly presenting the serious
condition Of affairs in Turkey and
urging prompt action by the civilized
powers, and an adverse report on Mr..
Calls resolution calling for the official
dispatches Of United States consuls In
Cuba.
Late In the afternoon a controversy
occurred between Mr.. Sherman, Mr..
German, Mr.. Teller and Others, which
led to the most spirited financial de-
bate that has occurred since the pres
ent congress convened. Mr.. Sherman
spoke at length and with great earnest
ness, deprecating the thrusting OF an
"old worn out issue"-the silver ques-
tion-into the senate Mt time when
practical legislation was imperative.
Mr.. Teller and Mr.. German answered
MIR. Sherman from their respective
standpoints.
The debate was precipitated by Mr..
Pugh, who succeeded In having his
bond resolution taken up. Mr. Hill ut
once offered an amendment providing
that II for any reason silver coin shall
not be ut parity with gold coin, the
United States bonds now payable In
coin shall he paid in standard gold
coin whenever demanded. Mr. Hill
spoke briefly against the resolution.
1t was, he said, only n recital of an
cient history and he deprecated fur
Their confusion OF financial conditions.
Mr.. Teller followed on the financial
situation. At 9 o'clock the Pugh reso-
luton was displaced and the bond sill
YER bill vas taken up, Mr.. Teller con.
tinuing his remarks. The senator said
that gold was now Mt premium. The
banks had practically suspended pay
ment of gold. 1t was n commodity,
bought and sold, just like corn or
wheat But while the banks suspend
ed gold payments the treasury insist
ed on such payments. And this condi-
ton had come without silver legisla-
ton.
Mr.. Sherman arose as soon MS Mr..
Teller closed. The silver discussion,
said Mr.. Sherman, was purely moot
discussion. No doubt there was sill
yer majority in the senate. But the
country had settled down to the idea
that free silver coinage would bring
us to single standard Of silver and
was undesirable. State after state had
taken this position. The use of both
metals, the bimetallic system, was be-
ing accepted asthe best Under the cir
cumstances, continued Mr.. Sherman, the
thrusting Of this worn out old ques-
ton could not hope to succeed in the
present emergency of the treasury. 1t
was absolutely certain that this silver
amendment, II passed, would be re-
jected by the house. Why thus obstruct
the relief imperatively needed by the
government? The deficiency had
caused the trouble, and the house had
offered an emergency tariff bill to
overcome that deficiency. Such relief
should not be delayed and INSTRUCTED
by thrashing out old, worn subjects.
Mr.. German answered Mr.. Sherman's
concerning the treasury
He declared that the
course Of the treasury now was the
same rs that under Secretary Foster,
and rs far back as the administration
OF Secretary Sherman. The democratic
congress had enacted revenue law
which would have afforded ample
revenue. But the income tax had been
wiped out by the decision OF the SUI
prone court 1t was an unforeseen
event The question now was not one
of party or politics. The senate aisle
could not determine the elements on
this great financial subject 1t was
too great, too serious question that
senators should stand here bandying
charges rs to which party is response
bic for the present conditions.
At 5:2s the senate adjourned until to-
dny.
THE HOUSE.
WASHINGTON. Jan. 23.-In the sb-
scncc OF regular business the house
session yesterday was devoted to the
Of minor matters and
legislation by unanimous consent The
major portion of the day was con-
sumed in the discussion of the senate
resolution appropriating $4,000 for
aid in the preparation OF
plans for the Chicago public buildings.
THREE M'klNLEY DELEGATES.