The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-01-04


re asked a vote upon taking up the res
olution for present consideration. The
vote was taken and resulted. Yeas As
nays, 6. as follows:
Yeas-Messrs. AIdrich. Alien, Allison.
Baker, Bate, Berry. Burrows. Butler
Call, Cameron, Chandler. Clark. Cock
rel, Cullom, Davis, Dubois. Elkins,
Faulkner, Frye, Gallinger. George. Hale.
Harris. Hawley, Hoar, Jones OF Nevada
Kyle. Lodge, Mcbride Mantle Martin
Morgan. Morrill, Nelson. PETER. Perkins
Petugrew Proctor, Pugh, Roach, Sher-
man, ShOup. Teller Turpie, Vest Noor-
hees, Nalthaii aud WHrTen.-lS
Nays-Messrs. Brice. Caifery, Chiffon.
phy-6.
Mr.. Hin moved the reference OF the
resolution to the finance committee As
10 the propriety OF his motion. it struck
him that there could be no question. The
subject was already before the finance
committee and was being considered day
by day. The resolution would be Of no
legal avail. II would be like the popes
bull on the comet. IL merely declared
that so and so was the sense Of the Sem
ate.
"Mr. President" he exclaimed, there
Is no sense in it," It proposed he said, TO
tie up the hands of the executive. Were
not the President and the Secretary Of
the Treasury enough embarrassed al
ready? Were there not difficulties enough
pending on the financial question: What
was the necessity of adding to them2 1t
was proposed to deprive the executive au-
thorities OF the right TO exercise powers
which had been exercised by all the au-
thorities of the government since the con-
clusion of the war.
He thought II unbecOmng, at least on
the part of the democratic senators, TO
vote a want OF confidence In the execu-
tive on this question. He was not specially
favorable to syndicates and would prefer
a popular loan: but he knew that in what
was called a popular loan II was taken
generally by the agents and clerks Of
banking institutions; and "a popular
NhgEaFnFR
words. The practical effect Of popular
loan would he that the people who desired
to invest in government bonds would
draw greenbacks from the savings banks,
take them to the sub-treasury. and there
procure the very gold which the govern
ment had now in the treasury.
He denounced the resolution as most
unwise step and had fling at the 'un-
holy alliance" which had given the repub-
licans the control of the Senate. lie did
not believe that the people would approve
OF the resolution. They might think, as
he thought that the bonds should be first
offered TO the people. But they did not
know the dangers; they did not know the
risks; they were not acquainted with the
precise situation. as the officials of the
government were. He knew no reason
why Mr.. Carlisle should seek to do ia
proposed syndicate. Who. he asked
was this man Morgan. Nor
gan of New York? He was the man who
was liberal contributor to the republi-
presidential election came to the front
with the sinews of war In favor OF the re-
publican party. And was II TO be whis-
pered or insinuated that the President or
the Secretary of the Treasury was
anxious to do this man a favor?
Mr., Hin declared that II he We're Secre-
tary of the Treasury he would not be
hampered by thu alKins resolution, but
would proceed under the law OF 1873 ana
would issue bonds sufiicient IN amount-a
heroic remedy, he admitted-for the pur-
40
issue bonds to the amount of S2OOOW,OO,
and thus obtain control OF the financlal
situation That would prevent the draw
ing of gold out of the treasury
what would be the effect OF that
course upon the prices of cotton and
wheat?" Mr.. George. dem, OF Missis-
sippi asked. -. ur non,,od 4t
might depress prices, but If the exciting
situation continues, these prices VIII con.
tinue to be depressed, as they are now.
Coming TO the question OF the United
States notes and greenbacks, Mr.. ltill de-
clared himself opposed to government pa
per money. He doubted It's constitution
alitv He knew that by close vote the
supreme court of the United states had
finally mustered courage to say that IL
was constitutional. But he had never
heard the reasoning or Chlet justice
Chase on that question overthrown in
which the principle had been laid down,
in substance, that the government had
no right to make its promises TO pay
v.
cept the gold and silver coin OF the con-
stitution. That, he thought, was good
democratic doctrine. II might not be good
in Conclusion he declared If the resolu-
ton was agreed to he did not believe tina;
the President would pay the slightest at
tention to II, and he ought not 70. Inc
Presidents duty was to be determined by
the statutes-not by a resolution OF one
house Of congress-and by the condition
of the treasury.
moved to amend the Elkins resolution by
making il read: THAT 1t is the sense OF
the Senate that hereafter no bond issue
shall be sold for any purpose whatever
without further authority from congress.
Mr.. Chiffon, dem. of Texas, also moved
to amend It by making II read; THAT II
is the sense of the Senate that no fur
ther issue of bonds to procure gold to re-
deem United States notes or treasury
notes shall be made by the Secretary OF
the Treasury either by public advertise
ment, private sale or otherwise"
A colloquy ensued between Mr.. Hill and
Mr. Hawley in regard to the likelihood
of a free coinage of silver amendment
being reported to the Senate from the
committee on finance, and Mr.. Hawley
asked Shall we throw aside the House
bill and vote free coinage OF silver
bill which whether It is right or wrong
would discredit us in all the markets of
''That is difficult subject" was Mr.
That" said Mr.. Hawley, sis a sub
ject which we will have before us next
Tuesday"
II should very much regret" Mr.. Hill
said, "if the finance committee should
next week substitute for the House bond
bill a free coinage bil.g
II am glad to hear it," Mr.. Hawley
remarked in a tone expressing a mixture
of relief and surprise.
Does the SENATOR" Mr. Hill asked,
anticipate that that will happen?"
Il am very much afraid of it," Mr.. Haw-
ley replied, because l have assurances
from many senators that that will be the
result"
After remarks by Mr. Lodge, Mr.. Teller
Mr. Hoar Mr.. Cafferty and Mr.. Call, Mr.
Aldrich said: In view of the Importance
of the question and the assurances that
other amendments will be offered to the
pending resolution, and it is quite certain
that the matter cannot be disposed of to-
night, l move the Senate do now adjourn"
Strong opposition was manifested to
the motion, among the most earnest advo-
Gates of free coinage of silver who had
hoped to have a vote taken on Mr.. Elkins'
resolution before adjournment. The Sem
ate voted to adjourn by a majority of l.
and adjourned to meet on Tuesday next
Following is the vote on adjournment:
Yeas-Messrs. Aldrfch, Allison, Bate. Ber-
ry, Brice Catferty, Call, Chiffon, Cullom
George, Gibson German, Gray, Hale, Har-
ris, Hawley, Hin. Hoar, Lodge, Martin.
Mitchell of Wisconsin, Murphy, Roach,
Vest, Voorhees,, Walthall and Wetmore-27
Nays-Messrs. Allen, Baker, Burrows
9rfler Cameron Carter Chandler CIarf-