The Caucasian. (Clinton, N.C.) 188?-1913, 1896-01-09
THE NATIONAL
CONGRESS.


Continued from iss ragsLl
Friday, Jassssy srd-ssaass.
Seventeen pension bills were intro
duced.
ISSUE or BONDS.
Mr.. BUTLER introduced a bill IS.
bad to prohibit the further issu-
snee of interest bearing bonds with
out the consent Of Congress-; which
Was read the first time by its title.
Mr.. BUTLER. | ask unanimous
consen. for the present eonsidera-
ton Of this bill. The matter is SO
simple, so plain, and yet so impor-
tant that the Senate, think, will
agree to pass the bill, and | make
the request.
The bill was read the second time
at length, as follows:
BE II sSAcrxp ETC, That the issuance OF
interest bearing bonds Of the United States
for any purpose whatever without further
authority OF Congress, is hereby prohibited.
The VICE PRESIDENT Is there OBJ
Jsction to the present consideration
Of the billi
Mr.. HILL. Tha, bill will lead to
some discussion. The Senator from
Ohio tMr. SHERMAN is ready, |
think, very soon to address the SEN
ate upon the whole general financial
question. l think it would be un-
wise to preeipitate the discussion
upon this particular measure. l ask
the Senator from North Carolina to
withhold his request for the present.
Perhaps after the Senator from
Ohio concludes his remarks it might
be advisable to take up the bill. l
merely make this suggestion.
THE VICE PRESIDENT. Is there
objection to the present considera-
ton Of the billi
Mr.. BUTLER. There should be no
objection.
Mr.. SHERMAN. l think the bill
ought to go to the Committee on FL
nance, and | object to its considers
ton.
Mr.. BUTLER. l have no objec-
tons to the request made by tho
Senator from New York except to
say that this is matter which needs
no discussion because it is distinctly
understood now. Every Senator
knows now as we'll as he will know
year from now how he will vote on
this question. 1t has been discussed
ably, pro and con, as I see from the
Congressional Record, for years.
There are two distinct sets of opin-
ion in this country as to this plain,
simple bill. 1t is as plain as that
two and two make four or do not
make four. Therefore 1t needs no
discussion. l have no remarks N.Y.
self to make upon it unless there
should be some remarks presented
against it. 1t is perfectly plain.
Everyone knows how he would vote
now. This country is appalled, with
the fact that We are about to have
tremendous issue of bonds.
1t is seriously questioned whether
under the present law the President
of the United States and the Secre-
tary of the Treasury have the power
to issue bonds. The bill says simply
that the bonds shall not be issued
without the consent of Congress.
Can any Senator object to referring
this matter to Congress7 Congress
is the power invested by the Consti-
tuition with the control of our inan-
ces. Can any Senator object to
Congress being consulted about so
important matter7
The bill requires no discussion.
Mr.. President. But, as the Senator
from New York has made the re-
quest, l Will let the bill 20 over un-
til We can hear the Senator from
Ohio, and then l shall ask unani-
nous consent for it's consideration
| ask that the bill may lie on the t..
BILE.
Mr.. Sherman made long goldbup
speech. At the conclusion Of Sena,
tor Sherman's remarks Senator But
Ter continued:
Mr.. BUTLER. Mr.. President, this
morning l introduced q bill and
asked unanimous consent for it,
present consideration. At the re-
quest of the Senator from New Yorl
Mr.. HILL l allowed it to pass ovel
until after the Senator from Ohio
Mr.. SHERMAN had addressed tn,
Senate upon the financial question
The burden of the speech of the Sen
ator from Ohio [Mr. SHERMAN, t.
which the Senate has listened will
50 much attention, is to charge tn.
responsibility for the present bad f
nancial condition Of this countr,
upon the Democratic party. o.
course there will be replies to thi
charge. The Peoples Party would
like to reply; the Democratic part,
would like to reply; but if we e
into discussion of this question o
responsibility now we may prolons
the discussion, and while it is pro
longed the President may issue NOR,
bonds without the consent of Con
gress. The people are not interest
ed now so much about who is respon
sible for the wrongs already com
:. mitted as they are Interested i,
stopping the fresh wrong that tn,
President is now about to commit
This is no time to be playing poll
, tlcs-to be sparring for party ad
vantage. 1t is the time to act. 1
We are opposed to the issue of bonds
that the President is about to make
let US be honest and say so.
The Democratic Senators SHOULD
at this hour put patriotism abov,
party instead of wasting time in re
, plying to the Senator from Ohio I Mr.
SHERMAN as to who is responsible,
for the country being bankrupt
: They should rise to the duty of tn,
hour and pass this bill which l hay,
: offered calling upon the Presiden
of the United States and his Secre
tary of the Treasury not to ,ssu
more bonds without the consent O.
Congress. Every Senator shout,
vote for this resolution; We can pas
IL in an hour, and we ought to do it
say we can not afford to discus
other questions here for party ad
vantage when We see in tho morn