The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1896-06-06
AGAINST BOND ISSUES
THIRTy-TTNO SENATOR'S VOTED
AND PASSED THE BUTLER BILL.
The House. by a Large Majority
Passed the River and Hnrbor
Bill Again.


final vote on the Butter Dill to prohibit
the issue of bonds and the speech on the
Dingley tariff bill by Senator Morrill,,
chairman of the finance committee. The
chaplain in his prayer referred to the fact
that the vice president would today give
his estimable daughter in marriage, and
invoked Divine benediction on the bride
and groom
In reporting the militia reorganization
bill, Senator Hawley said 1t would not be
called up until the next session Among
the bills introduced was one by Senator
Cullom of Illinois for a peace monument
at AppomattoX, Va.
Senator Chandler of New Hampshire
offered a resolution directing the judiciary
committee to inquire into certain alleged
Irregularities in the southern judicial DIS
trict of Indian territory. Senator Chand-
Ter called attention particularly to re-
ports received that certificates had been
issued by authority of the court for con
struction of the Denlson & Northern rail-
way 1914 miles long, no capital being paid
in No action was taken
Senator Morrill, was recognized for
speech on the tariff. His earnest man
ner and strong voice gave no indication
of his advanced age. Senator Morrill, re-
ferred to the emergency tariff bill passed
by the house and said: THE democrats
have broken away from the leadership
of their president and while marching
to the drum and fife of a North Carolina
captain, are in such dread lest the popu-
lists should get control of their party that
they seem to be in a hurry to become
populists themselves" The senator de-
cared the republican party never would
make a trade of its principles on the
money question, in order to secure higher
tariff duties. He predicted that the plat
form of the republican party Of 1896 would
place every dollar of our money in cir
culation on a parity with the best dollar
in the world, and declares the political
ground under the democratic party ap-
pears dangerously volcanic. Continuing,
he said:
No doubt had our country been shield
ed by sound protective tariff during the
hopeless years of the present democratic
administration, much of the business dis
tresS and woe of unemployed labor might
have been averted, but another adverse
and sore bewitchery of all business af-
fairs of the United States hardly less
potent than a free trade tariff has been
the unceasing agitation of the free coin
age of silver and on a ratio that would
not fail to reduce the standard value OF
our money, as well the whole fabrics
of public and private credit to half it's
present value. An invitation from com
mercial nations to join in a cooperative
measure for larger use of silver would
be accepted by a republican administra-
ton, but it would be more desirable that
the United States should receive, rather
@udH blltI the lnNltdIOn, as American
production of silver is comparatively SO
large that any initiatory step on our part
might subject us to the charge of being
inspired by the thrifty purpose of secur-
ing better market for our annual do
nestle product.
Were ii as certain, as some extreme
silver advocates represent, that no CO
operative agreement among the leading
nations for larger use of silver can be
obtained, that fact alone would be a
cogent and sufficient reason why the
United States should decline to stultify
itself by embarking single handed in an
experiment so reckless and so distrusted
as to be Stunned and coldly rejected by
the statesmen of every enlightened ma
ton But this hopeless representation OF
the silver question in Europe is untrue.
The trend of public opinion in Germany
and Great Britain favors tolerance of the
question"
In reporting bill for the construc-
ton of the Nicaragua canal Senator
Morgan asked that December IA next be
fixed for considering the bill. but Sena-
tor Pettigrew objected.
Debate was then resumed on the con
Terence report on the Indian appropria-
ton bill. Senators Villas and George op-
posed the report.
At l p. m. the Butler bond bill was
taken up, the Indian conference report
going over.
Senator Aldrch offered the following
amendment, as an additional section TO
Follow that prohibiting the issue of bonds:
Unless in case of emergency il is ne
cessary, in the opinion of the president
Of the United States and secretary of the
treasury, to issue such bonds in accord
ance with the provisions of existing laws
to preserve the public credit or to meet
obligations of the United States created
by such existing law. which can not
otherwise be met. and all such bonds.
when so issued, shall first be offered at
public sale"
Before the debate proceeded Senator
Hill suggested that vote on the Brown
resolution, declaring issues of future
bonds illegal. should follow the vote on
the Butler prohibitory bill
Senator Brown assented, and Senator
Butler wanted p. m. tomorrow fixed as
the time for the vote on the Brown res
Olution.
Senator Hill insisted, however. that
the whole bond business" should be
cleared on the floor today.
Objections were made and no agree
ment was effected.
Senator Brown then resumed his
speech of yesterday. discussing bonds and
free silver coinage.
AIlisOn's views.
Senator Allison spoke briefly on the
bond bill. He said il was well known
that the bill could not be made a law.
1t was agreed, he said, that the borrow
ing of money for the government. was
solely legislative power, except as the
statutes conferred that power upon the
executive branch. Under the -ircum-
stances the adoption of the Brown reso-
luton would be a repeal of the only law
allowing the executive to borrow money
on bonds.
Senator Allison reviewed the causes
leading up to the bond law Of 1875, which
was intended to overcome the instability
and panic following the war. He denied