The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-11
FREE COINAGE IDEA.
Senator Jones Thinks This the Pana-
cea for Our Ills.
HIS VERY EXHAUSTIVE ARGUMENT
Judge KiIgore Looking After the
Davis Charges.
GRAINS ARKANSAS HARBOR BILL
Tho House SIN Discussing the Rules.
Resolution offered Congratulations
to President kruger.

Washington, January lo.--Thc debate
on tho senate free coinage substitute for
the house bond bill was opened today
by Senator Jones OF Arkansas In a two
hour speech. which was followed with
close attention by senators on both sides
of the chamber. MIR. Jones took strong
grounds In favor OF the free and indie
pendent coinage OF silver. contending that
that was the only method by which the
distress In the country could be ailevi-
ated and the treasury department re-
lieved from Its present dependence on the
speculative horders of gold. There was no
reply to Mr.. Jones argument today. but
the debate win be resumed when the
senate meets again on Monday.
During the morning hour Mr.. Pritchard
Rcp.. NJ C) made IL speech in favor
OF the re~cnactmcnt OF the Mckinley law.
and Mr. white O0em, Cai.) made some
remarks IN favor of amending the rules
of the senate 30 as to give the majority
the power to bring measure to u vote
Whenever It saw lit.
MIR. Morgan tpem. Ala.), the former
chairman of the committee on foreign
relations, offered a resolution, which was
referred without debate, conveying the
congratulations Of congress to President
Kruger.
Washington. January 10,-During the
morning hours In the senate, on motion OF
Mr.. Voorhees, Qem.. Ind), a resolution
was adopted, appropriating $3.50 for the
purchase of portrait OF the late Allen
G.. Thurman.
MIR. Pritchard Gep.. N. C) called up the
amendment he offered to the revenue bill
to Increase the duties ON certain kinds
OF clays, marble, hon ore, timber, live
stock, cereals, fruits. wool and coal for
the purpose Of addressing the senate there
on.
He favored the re-enactment OF the Nc.
kinley law and the free coinage hi silver
He denounced the Southern democrats for
their recreancy to their own section. Their
tariff law had brought unexnmplcd pros
perity to the new England manufacturers
and bankruptcy and ruin to the farmers
and producers of the South
When Mr.. Pritchard had finished Mr.
Nm Qem., N. W chided the former for
the Inconsistency of his state. North Car
DINA, no said, occupied a peculiar situn-
ton IN congress and he did not see how
her people could be gratiiied Some time
ago tho same Legislature In North Carolina
had elected two senators by the same
combination. few days ngo ono Of
them tMr. Butler) had denounced the dem
ocratic party for being false to Its pledge
of tariff reform. To-day the other end of
tho combination told tho senate that he
favored the re-enactment OF tho Mckinley
law.
The senate. on motion OF Mr.. Hales
then agreed to adjourn until Monday,
when the adjournment was taken.
Ls.t ~.
mainder of the time before the expiration
of the morning hour with a speech in
favor of some practical notifications Of
tho senate rules. He did not mince words
In his chara otertzation Of the rules and
the ancient fctions" they perpetuated
Tho great evil which he especially In
Weighed against was that which permitted
interminable debate on any question and
placed II In the power of single senator
to hold the senate at his mercy 30 long.
Ho favored Senator fiill's proposition put
forward In the last congress- for cloture
whenever the majority of the senate was
ready TO vote.
At the conclusion OF Mr. Whites speech
Mr.. Morgan Of Alabama introduced res
olution congratulatng the Republic Of
Transvaal on its stand for Independence.
1t was referred to the committee on for
eign relations.
Mr.. Jones dem, Ark..) then took the
floor and spoke on the free coinage sub.
stitute for the house bond bill. 1t is
claimed that tho bill, said Mr.. Jones. was
framed and passed through the house in
response to the wishes of the president OF
the United States 1t is also said that the
bill Is entirely satisfactory to the presi-
dent and secretary Of the treasury. from
the fact hat the bonds provided are not
specifically payable In gold.
The president considers the treasury In
an unsatisfactory, II not a critical con-
dition. II condition of reasonable pros
perity can be restored among the masses
of the people there will be no difficulty
whatever about the condition of the treas
ury
The present deficiency results in our
opinion from the much greater evil OF the
unsatisfactory condition of the people.
An issue of bonds Is doubtless boon to
that class OF persons who have large In
comes which they have not the knowl-
edge, industry or courage TO use prohtably.
who long for Investments upon which they
may draw interest without any greater
labor than clipping coupons but to no
other class is an issue OF bonds desirable.
1t Is true that the government IL not col
Letting as much revenue just mt this time
as is needed, and some steps should he
taken TO provide for the deficiency. The
secretary OF the treasury, however. In his
official report. shows that this deficiency
will be temporary and not continue be-
yond few months. Tho amendment
proposed by the committee. II enacted into
law Will amply provide for this, for
the issue of about s50.0oOooo silver certiii-
Gates against the seigniorige now held In
bars in the treasury In one OF Its features,
while the deficiency estimated by Mr.. CAR
Isle In far below that sum. There must
be something radically wrong II the rich
est and the freest Nation on the globe Is
In such condition OF absolute helpless
ness and dependence as the president
seems to consider US now. The conditions
OF distress. not only In this country, but
In England. Germany and France the
great nations OF the world. will not be
denied by any one. How does IL happen
that IN a time of profound peace all over
the world. with abundant harvests, with
no pestilence or other such calamity, such
a condition of things can existf
No local cause can account for It. for