The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-06-03

vention.
Mr.. Allison (Rep., Iowa) spoke brief
ly on the bond bill. He said 1T was
weil-known it cannot become law.
1t was agreed. he said, that the bor-
rowing of money for the government
was solely n Legislative power, except
as the statutes conferred that power
on the executive branch. Under these
circumstances the adoption of the
bond resolution would be a repeal OF
the law allowing the executive to bor-
row money on bonds. In a sharp col
loquy with Mr.. Butler, Mr. Allison de-
clared his opposition to fiat money
and to the indirection by which the
pending bill sought to take step to-
wards free silver coinage without
waiting for Legislative action.
Il believe that the United States can
not open it's mints to the free coinage
of silver without becoming a mono
metallic nation; that it cannot take
this step without an agreement with
other nations" said Mr.. Allison, land
[ will continue to vote against the free
country alone"
Mr.. Chandler deprecated the spirit
and manner of the author of the bill
j.
had talked of revolution and blood
shed. Mr.. Butler arose to disclaim
such utterances.
Mr.. Chandler insisted that the Sena-
tors language had conveyed indirect
threats and had tended to revolution
and bloodshed. Mr.. Chandler held up
a newspaper, which he said was the
Caucasian" published by Mr.. Butler
in North Carolina, and which contain
ed extreme and violent attacks on the
Senators and others with whom Mr.
Butler was in daily intercourse.
As to bond issues, Mr.. Chandler de-
clared that the President and Secre-
tary of the Treasury were men of
sterling personal integrity, standing
as the representatives of the credit of
the government No one charges a
nisapropriation or embezZlement of
the funds which had been raised by the
sale of bonds.
Il am thankful that two-thirds of
the Senators on this side of the cham
ber," said Mr.. Chandler, will vote
against this bill. And | ask Senators
who participated in the election of
President Cleveland and who are of
the party of Jno. G.. Carlise to join
with us in at least one patriotic vote
to protect our honor and credit"
1t was strange. Mr.. Chandler added
for him to defend Democratic presi-
dent, but he needed defense at a
time when two-thirds of the Senators
of his own party were ready to vote
not to sustain him.
Mr.. Teller pointed out that the pend
ing bill had no connection with the
free coinage of silver. He denied also
the right of Mr.. Chandler to speak for
the Republican party in favoring a
continuance of the bond issues. The
American people, he believed, were not
in favor of increasing the public debt
in time of peace. Mr.. Teller referred
contemptuously to those s'self-satis-
fled pharisees' who declaimed that
they were the only ones willing to
protect the honor and credit OF the
country.
The Senator declared that the silver
question, whose death and burial had
been announced, was a most lively
corpse. State after State had declared
in convention for silver. The great
Democratic party was ready to in
scribe on it's banner ''free silver coin
age" There were States in the West
which had long furnished Senators and
representatives to swell the maiorities
in both branches of Congress.
"What the Republican party will do
at ST. Louis I do not know" said Mr..
Teller, shut | believe know enough
of the sentiment of the West and of
the plain people of the country, to say
that the party that inscribes on its
banner, 'the gold standard" is doomed
to defeat,
Mr.. Burrows, of Michigan, opposed
the bill on the ground that it was a
virtual repeal of the resumption act,
which act sustains the paper money
of the government. The enactment of
this bill would bring about raid on
the treasury with greenbacks, in antic-
ipation of a suspension of specie pay
ment. If the exercise of the bond
power had not been resorted to by the
present administration, the doors of
the Treasury would have been closed.
The presiding officer, Mr.. Faulkner,
at 4:30 o'clock directed the reading
of the amendment of Mr.. Aldrich, in
troduced early in the day, allowing
, bond issues in an emergency to sustain
public credit. Mr.. Allen moved to
table the amendment. 1T was a test
of the two opposing elements. The
amendment was tabled, yeas 32, nays
, 25
Mr.. Aldrich offered another amend
ment providing that nothing in the
; act shall be construed to impair the
obligation of the United States to re-
deem in coin outstanding United
States legal tender notes and Treas
ury notes.. nor to restrict the authority
, of the Secretary of the Treasury to Sc
cure coin for their redemption.
Mr.. Mills, of Texas, moved to table
the amendment, which motion pre-
vailed, yeas 81, nays 25, the vote being
the same as before except that Mr.
Pritchard did not vote.
An amendment by Mr.. Hill that Unit
ed States notes, when once redeemed,
shall not be re-issued, was tabled, on
| motion of Mr.. Mills, yeas 43, nays II.
An amendment by Mr.. Quay, of Penn
sylvania, for the redemption and can
collation. of Treasury notes, and for the
issue therefor of notes payable in gold