The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-01

simple questions should not be lost sight
81 In the performance of our patriotic
srSnse to the president and w &c should
obstruction some OF the industries
stricken down by the Wilson tnriff act"
Mr., Mitchell said the tarifi bill passed
revenue sa0.00o.0o0 . year. Amended Ms
u should be. by anVrd.ng wool. lumber.
barley, hops and other agricultural pro-
on additional revenue Of ss,.ooc,oo and
place paddock on the so-cnlied endless
chain by which gold is drawn from
s s s y s sSS all and rssae from ron %
pending ruin the wool and other agricul-
tural interests OF tho country.
While Mr.. Mitchell was contending that
the secretary OF the treasury should have
stopped the gold raids by using his dis
cretion to redeem notes In coin. Mr..
I'm Dem., n. " asked him 4 II was
not true that greenbacks had been re
S SIS. IN gold by every secretary s''se
Mr.. Mitchell replied that 1t might be
true, but in his opinion II was very poor
Ns'Trcasury notes have only been redecm-
ed I'm gold since 1891" interrupted MI.
Ccckrell Dem. MOI.
1T is" replied Mr.. Cockreil, emphat-
iraily. I'm lS9a IN response TO a teic-
gram sent by me 20 Secretary Foster he
replied that the first treasury note had
II nm talking about greenbacks," said
Mr.. HIN. Have not all the secretaries
g ,t the nns redeemed these notes IN
aireepbacks we're never presented" said
Mr. Cockrell. There was no demand Tor
gold md that can be shown on the rec
ord. The senator from Ohio tMr. Sher-
nam since that time proposed to redeem
retire ard cancel every one of those green
bnc,s with silver dollars ana his amend.
snent to that effect IL here on record. IN
.l...els sxN.s sat hD
greonbacks silver notes. and In addition
to that want TO say that Secretary Car
lisle, January "a. 1895, stated before the
house committee on appropriations that
IL In the beginning the secretary OF the
treasury had exercised his discretion OF
paying either IN silver or gold, II would
have operated well and would have been
OF grent benefit"
In answer to Mr.. Hili Mr. Cocbrell said
he did not know whether Secretary Fofter
had redeemed grcenbncks In GOLD.
''you said II had not been done" -.
Not on demand said Mr.. Cockrell. y
rcpeat that no secretary OF the treasury
untN October 1891 ever Welded the ortiof
10 The holdera Of United States notes"
"But United States notes were redeemed
Not at the option of the holder; the
ontlon was never given the holder unti'
1881"
marks his resolution was referred to the
! finance committee. "a
: Mir stewart recalled the fact that NJ a
dinner at Demoncos, New YORK, NO
| yember H. 1891. Secretary Foster had de,
elared that he would redeem United
| states notes in gold, and that i,resident
| Harrison In his annual report the sams
vear had said that the policy OF tne
trens,rv department had done much 70
restore confidence in the country: =, %,
| Mr.. Elkins Uaep.., w Va, as". ,.',.a iv.
| the Immediate consideration OF reso ~
| lion declaring Il to be tho sense OF tnt
sena.e that no bonds of the United states
shouid he sold nj private SAFE or AZ PIT
yate contract. hut they should 20 adVer-
| ,,eed and sold to the highest bidder.
"As that resolution wou mh,f se fMr Sber.
| ,nan, who, when secretary OF the treas
| s'F% alw,ya disposed of bonds by private
| cSatrnct and az he Is now absent thlnh
| Inc resolution should 70 over" said MI
| Hill , ,,o roso,ut,or
can reflect on Mr.. Sherman sa'd Mr
II can not make 1t palmer said MI
The resolution went over.
| Mr.. Nelson dSep.. Mimi addressea .n'
senate on tho great financial qiest,on
| Maintaining that the great outward flow
~ yold" could not be stopped until the
balance Of trade was In our favor, aho
that that result could not be optain"so
without an adequate Increase OF tarii
r,tes An increase of tariff rates ana ad,
a",,tato revenue In the treasury would
| .oiyc the nrohlem He thought the banks
should bear their share of the burden o,
maintaining our vast paper currency "i
n narify with gold. ,,,,.,.
When he took his scat MT rlNlns r.
ncwed his request FOR iinmen, , NJ Hi
objected and at DIS he'senate ho)ourheu
1 until FRIDAY.